CM Trading Review 2019 | Is CM Trading a Scam or Legit Forex Broker?

Read our CM Trading review to find out if CM Trading is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
80% Complete (danger)
4.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
CM Trading
CM Trading Overview

CM Trading is an online broker established in South Africa in 2014. It offers CFDs on currencies, stock, indices, commodities and cryptocurrencies on a selection of modern platforms.

# Broker's Features CM TRADING Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review CM Trading.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. CM Trading offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Crypto.

Tradable Products: CM Trading offers the following assets for trading: 46 currency pairs, 10 commodities, 17 indices, 62 equity shares and 4 cryptocurrency assets.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. CM Trading is STP.

Features: Both the MT4 and the Sirix platforms available have lots of tools for analysis, order and account management. The Sirix platform has the Social Trading feature which is used to copy trades from expert traders.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. CM Trading recommended minimum capital is $250.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CM Trading is regulated by FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: CM Trading is authorized and regulated by the FSCA in South Africa. The brand also protects investors’ funds by securing the website and trading environment with SSL and segregation of clients’ funds from that of the broker.

Languages Available: Next lets have a look at each broker's different Language options. CM Trading offers Arabic, Chinese, English, Indonesian, Malaysian, R.

Payment methods: Next lets have a look at each broker's payment options. CM Trading offers Cash-U, Credit Card, Neteller, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: Bank Wire Transfers, Credit or debit cards and e-wallet payments are accepted payment methods by CM Trading. Third party payments are not allowed.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, CM Trading makes MetaTrader 4 available to clients.

Web & Desktop Trading Platforms: CM Trading provides two platforms. They are the Sirix and the MT4 trading platforms. Sirix is or Forex and Social trading over the web. MT4 is a download platform which is the most popular out there for Forex. It allows automated trading using robots.
Mobile Trading Platforms: The MT4 and the Sirix trading platforms also come as Android and iOS apps. These apps are built with features that can manage accounts, orders, live quotes, charts and technical analysis.

Other

Trader Education
CM Training provides comprehensive Education for its traders. There are several video tutorials, eBooks, periodic webinars and video chart analysis.

Promotions
No bonus of any kind is given by CM Trading to its clients.

Support
The customer support desk is available 24/5 on phone, web chat, email and fax. The support is very helpful, knowledgeable and also comes in different languages.

Recup
CM Trading is a broker located in South Africa. It is regulated by the FSCA. The broker offers a wide selection of assets which include Bitcoin, Ethereum and Litecoin Trading. They offer Sirix and MT4 platforms and a wide selection of resources which include signals and research.

Final Thoughts
CM Trading provides a comprehensive trader education suite and a set of tools to assist the trader are also available.

Trading Experience
CM Trading seems fit for all levels of trader. It has a wide selection of resources, assets and offers both the Sirix and MT4 platforms, plus the social trading option for Sirix.

People Also Asked

Is CM Trading regulated?
Yes, CM Trading is regulated by top-tier regulators, FSCA inclusive.
Where is CM Trading based?
CM Trading is based in South Africa
How does CM Trading make money?
CM Trading charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in CM Trading account?
With CM Trading you can deposit money via the following means; Cash-U, Credit Card, Neteller, Wire Transfer.
How do I withdrawal in CM Trading account?
CM Trading lets you request a withdrawal of funds from your account via the following means; Cash-U, Credit Card, Neteller, Wire Transfer.
What is the minimum deposit for CM Trading?
CM Trading has $250 minimum deposit.
What are the available account base currencies with CM Trading?
CM Trading trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in CM Trading?
CM Trading has a maximum leverage is 1:200 for professional traders.
How do I open an account with CM Trading?
Opening an account with CM Trading is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does CM Trading use MetaTrader?
CM Trading platforms: Yes, CM Trading use MetaTrader as well as the following platforms: MetaTrader 4
What type of broker is CM Trading?
CM Trading appears to be a STP broker which offers market access to a variety of traders.
Does CM Trading accept US clients?
No
Does CM Trading offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with CM Trading: You can trade a wide variety of instruments with CM Trading: Currencies, Commodities, Indices, Crypto