General information and regulations of CM Trading
CM Trading is an online forex broker registered in South Africa and regulated by FSA.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energies, cryptocurrencies, stocks, etc... CM Trading gives its clients access to a massive trading market. So, both beginners and sophisticated traders could find what they want to trade at CM Trading.
Spreads and commissions for trading with CM Trading
Typical spreads on the CM Trading platform are 1.5 pips for EURUSD, 2.6 pips for EURGBP, 50 pips for gold, 4.6 pips for silver, 23 pips for S&P 500 and 25 pips for NASDAQ 100. As for commission, we could not find relevant information.
Account Types for CM Trading
Demo Account: CM Trading provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: CM Trading offers four different types of trading accounts: Bronze ($100-$999 deposit), Silver ($1,000-$9,999 deposit), Gold ($10,000-$99,999 deposit) and Premium ($100,000+ deposit). CM Trading requires an initial deposit of $100 at the beginning, which seems affordable for most beginner traders.
Trading platforms offered by CM Trading
As for the trading platform, CM Trading provides its clients with more than one option. There is public platform MT4 that have served many clients worldwide, also CM Trading's own platform. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT4. But CM Trading's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
Leverage offered by CM Trading
In terms of trading leverage, the maximum trading leverage for forex instruments is up to 200:1. Leverage magnifies the returns from favorable movements in the exchange rate of a currency. It is important for forex traders to learn how to manage leverage and employ risk management strategies to mitigate currency losses.
Deposit and withdrawal methods and fees
In CM Trading the deposit methods are divided into countries. Seeing that these are all African countries, its reasonable for us to assume that the service in this broker is exclusive for South Africa. The withdrawal methods are shown in logos without more detailed information, such as minimum amount, fees and processing time.
Educational resources
A series of educational resources is available at CM Trading, such as trading signals, calculators, economic calendar, technical analysis, fundamental analysis, videos, webinars, eBooks, etcetera.
Customer support of CM Trading
Below are the details about the customer service.
Language(s): English, Spanish, Arabic
Service Hours:
Email: support@cmtrading.com
Phone Number: +44 161 388 3321
Address: CubeHub - Adebola House, 38 Opebi Road,Ikeja, Lagos, Nigeria
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter, telegram, whatsapp
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of CM Trading
Advantages:
Well regulated
MT4
Sufficient information
Educational resources
Many instruments available
Demo account
Disadvantages:
Complaints
Few deposit and withdrawal methods
No MT5
Frequent asked questions about CM Trading
Is this broker well regulated？
Yes, it is currently effectively regulated by FSA.
How much leverage does this broker offer？
The maximum leverage of CM Trading is 1:200. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
2022-11-18 18:21
2023-02-23 11:30
