cm trading review

There are different types of trading platforms in the Forex trading industry, where most brokers choose to stick to a popular trading platform to save costs. CMTrading works primarily through an internal dealing desk protocol, which requires the company to create an edge in the market by offering some of the best trading platforms in the market. Therefore, the broker has gone ahead and spent some significant amount of money into offering several different trading platforms and trading resources for ensuring the best market access for its clients. I feel that his broker can be a good choice for beginners due to the vast amount of educational materials they have. You also get detailed daily market analysis that can help inspire trading ideas and contribute towards your trading success.

cm trading review

While CM Trading offers more account types than most brokers, they have both high minimum deposits and high trading costs – making them unsuitable for beginner traders and unpalatable for experienced traders. CMTrading offers commission-free and commission-based trading account. For a minimum deposit of $1,000, traders get spreads starting from 1.2 pips or $12 per 1.0 standard lot.

All the video material is also available on CM Trading’s YouTube channel and is compiled by a team of in-house market analysts. While Sirix has a more modern interface and may be easier to use than MT4 for most beginners, it does now allow for automated trading via algos – which more experienced traders may find limiting. As a note, the Sirix Web Trader allows traders to copy other traders’ trades on the CopyKat system.

Suggested accounts

The CM Trading Webtrader enables the customer to trade anywhere they have a browser, be it mobile, desktop or tablet. The CM Trading Islamic account meets all of the requirements of Sharia law and the principles of Islamic finance. These accounts are swap-free and are not subject to rollover interest on overnight positions and withhold cryptocurrency trading.

The system tracks expert traders and will book the same trade that they make into your account. It’s an excellent way to understand how the professionals think about and approach trading and will raise your game as you start to walk in their footsteps. MT4 is an advanced trading platform that is a powerful enough tool for the expert trader to effectively execute their strategy and is simple enough to use that the novice trader won’t feel overwhelmed. There are a number of low-fee, instantaneous deposit options, and the website provides easy-to-follow instructions on how to complete your transaction and how to trade with CM Trading. For experienced professionals, an electronic communication network (ECN) is the most cost-effective way to connect directly to major liquidity providers.

Is CM Trading a Scam?

In addition to the high minimum deposits and trading costs, a significant drawback for beginner traders is the lack of educational and market analysis materials offered at CM Trading. CM Trading charges high deposit and withdrawal fees compared to most other brokers, but local customer service is generally excellent. CMTrading presents itself as the largest African broker with more than 1,000,000 traders. It has a distinct focus on Africa and the GCC and provides traders with the core MT4 trading platform alongside the Sirix Web Trader.

How to make money on CMTrading?

  2. Learn technical analysis.
  4. Find one strategy and stick to it.
  5. Trade the trend.

CM Trading is an international brokerage and CFD provider enabling real-time access and exposure to a wide array of international stocks, currencies, commodities, indices and crypto. CM Trading, through a 3rd party, offers a collection of eBooks covering Forex terms, trading psychology, basic and advanced technical analysis, and basic and advanced trading strategies. These are also available to non-customers but unfortunately non-downloadable. Much like with the Training Videos, CM Trading’s player is not a particularly easy way to digest new information, even in written format.

NewsWIKIFX REPORT: How online trading can beat fuel price hikes and inflation – CMTrading

The broker offers clients with three trading platforms, various markets, leverage, competitive spreads and zero trading commission. CM Trading offers a range of trading platforms and are best known for using SirixWebTrader as well as the MetaTrader and MT4 Mobile app available for download from both Google Play and Apple App Store. With the Sirix trading app, CM Trading offers various unique features. Primarily, this is so-called social trading in shape of signal feature called CopyCat. CopyCat allows you to copy the trades of another trader while Guardian Angel warns about any market changes and Flexi Analysis conveniently collects analyses and signals in 100 different languages. The broker has a solid choice of powerful trading platforms suitable for different levels and needs of traders.

CM Trading’s proprietary Expert Advisors (EA) allow for automated trading on MT4. If you are an experienced trader with your own set of trading strategies, EA, through the programming language MQL, can automate portions of your trading on MT4. Gold and Premium accounts feature cashback rebates, lower spreads for more frequent trading, three risk-free trades, and proprietary trading support. CM Trading was born of market demand to provide highly efficient, low-cost access to financial markets that impact the daily lives of its customers. CopyKat allows you to observe professional traders’ deals and copy them in real-time but also allows for automated copying. The MT4 mobile apps allow traders to work from anywhere, with nine timeframes, 30 indicators and interactive currency charts.

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Although the broker has developed a great Forex brokerage, there are still some features that requires subtle improvements to convert CM Trading into a world-class Forex broker. The FSB is an independent agency with limited powers, but the organisation does enjoy several powers when it comes to regulating and supervising the activities of Forex brokers operating in the nation. Hence, CM Trading’s FSB licenses are certainly better than investing in any offshore FX brokerage that does not have a regulatory clearance.

Spreads are down to 0.9 pips on the EUR/USD – which is about average for entry-level accounts at other brokers. Traders are afforded 3 risk-free trades, the services of a personal assistant, and volume cashback. CM Trading’s entry-level account, the Bronze Account, requires a minimum deposit of 250 USD and spreads average at 1.50 pips on the EUR/USD. As mentioned, the minimum deposit on this account is higher than other brokers’ entry-level accounts and the ongoing trading costs are higher. CM Trading charges 2% conversion fees for all deposits and withdrawals that are not from a USD or EUR bank account.

  • Forex brokers are mostly based out of popular investment destinations such as the US, the EU, and the Asia-Pacific, mainly due to the relevance of these regions in the modern financial markets.
  • You can really setup the trading environment to be as simplistic or complex as you need it to be.
  • The system tracks expert traders and will book the same trade that they make into your account.
  • The user interface of the Sirix Web Trader is modern and better than MT4.

The broker also provides a free signals service, but it is only available for Executive and Gold accounts, upon request. CM Trading is one of the largest online Forex and CFD brokers in Africa. Minimum deposit requirements are high compared to other brokers and spreads are wide, starting at 1.5 pips for the EUR/USD on its entry-level account.

This solution will be made available to traders executing large volumes frequently. If you are an algorithmic, institutional or high-frequency trader, an account manager is available at the end of a phone line. The CFD offering to a large number of asset classes around the clock facilitates real-time pricing, execution and risk management. Easy-to-use and intuitive software allows the client to focus on individual strategy and trading goals. CM Trading offers support for all the MT4 mobile trading apps for Android and IOS, including the native iPad app. CM Trading has a good range of deposit and withdrawal methods, but withdrawal times are slow and fees are high and not transparent when compared to other brokers.

In this respect, CMTrading aids its traders with an exhaustive Education Section, which features trading videos, eBooks, Webinars, as well as chart analysis (technical analysis). Spread and commission are the trading charges of brokers from their clients. Commission is the fee for using the platform services while spread is the difference between the bid and the ask price of an instrument. cm trading review CM Trading is well-regulated by The Financial Sector Conduct Authority (FSCA) and The Seychelles Financial Services Authority (FSA) respectively. A deposit of $25000 gets you a Gold account with competitive spreads, another extra risk free trade and more strategy and educational materials. This is topped with an exclusive offer of same day withdrawals for holders of the account.

CM Trading spreads and leverage are tailored to the customer trading requirements. Irregular traders starting from a smaller deposit will see EUR/USD spreads as low as 1.2. Larger, more experienced and frequent traders will see EUR/USD spreads as low as 0.9. Sharing in CM Trading’s success are more than one million international clients attracted to the premier customer support, accessible and quality technology, broad market offering and competitive pricing. Additionally, CM Trading provides MT4 support to help beginner traders get started and one-on-one training is available to larger depositors. CM Trading offers over 1000 CFD trading instruments on all trading accounts, except for the HFcopy Account.

CM Trading provides six different account types namely – the Bronze Account, the Silver Account, the Gold Account, the Premium Account, a Demo Account plus an Islamic, Swap-Free Account Option. The minimum deposit amount required will range from $100 USD up to $100’000 USD. CM Trading is a well-established, well-regulated, award-winning Forex Trading service provider that gives traders access to a wide variety of instruments across several markets. CM Trading can be summarised as a trustworthy broker that provides competitive low spreads on most currency pairs. CM Trading has a fair reputation and offers a user-friendly trading platform.

With a range of trading platform offerings made available to you, CM Trading opens the door to opportunities for both the complete novice and the experienced professional trader. The analysis material at CM Trading is basic compared to most other brokers. Analysis material includes a functional economic calendar, highlighting the major events of the day.

  • Investors must take note that accessibility to deposit and withdrawal methods may differ by country and third-party fees may apply.
  • Although the broker has developed a great Forex brokerage, there are still some features that requires subtle improvements to convert CM Trading into a world-class Forex broker.
  • Investment with confidence in a highly safe and regulated environment enables traders to trade Forex, Index and Commodities, including Cryptocurrencies through the seamless, technology-driven process.
  • The FSCA and the FSA emerged as two of the largest beneficiaries, a trend likely to accelerate.
  • This calendar can be very useful for conducting fundamental analysis to find potential trading opportunities or which markets to avoid.
  • Full support is offered for the MT4 and Sirix platforms and CM Markets allows hedging, scalping, and copy trading, and Islamic swap-free accounts.

I have never felt the need to change, especially considering it is available through most trading brokers. Because CMTrading does not use its own proprietary trading platform, you can use the mobile versions of MT4, Sirix Web Trader and CopyKat. You can also use EAs via MT4 mobile and get additional compatible trading apps on your mobile device. CMTrading, South Africa’s largest online broker and a leader in the international markets, has opened up an office in Lagos, Nigeria.

It would be great if they could lower the minimum deposit requirement, especially considering that the trading account with the best conditions requires a much larger deposit. They make me feel secure knowing that they are regulated and provide exceptional support. I really like how there is a good variety of account types to choose from depending on your needs. You can choose accounts with lower spreads and a commission fee or no commission fee and higher spreads.

Each news release has a date/time, rating in terms of the anticipated impact and forecasted/actual/previous results. This calendar can be very useful for conducting fundamental analysis to find potential trading opportunities or which markets to avoid. I am often checking the calendar to see what is happen across the markets which can help me make informed decisions. The flexi signals area of the brokers website shares regularly updated chart analysis that can give ideas for potential trade opportunities.

Security of funds is guaranteed through the segregation of accounts, along with routine auditing requirements that promote financial transparency among companies. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. Customer support is provided to you via online chat, email and various international telephone numbers.

There is a variety of methods made available to customers and they are outlined in this table. The education section dropdown on the CM Trading website is neatly organized and you will quickly be able to find your level and get learning. Training videos are well laid out from the introductory level up to the expert trader courses. Daily Trading Signals are signals shared with CM Trading customers on key market developments that every trader should be made aware of. For the low code option, MT4 comes with two helpful EAs, allowing you to get your feet wet in automated trading. An alternative to downloading and installing software is the go-anywhere web solution.

Through the MT4 trading platform traders can choose from a number of charting options to track market performance of a range of currency pairs. It only takes a click of a button and trades are executed almost instantly, based on real-time information. There are also platforms for mobile devices, as well as a no-download trading platform called WebTrader. While there is no CM Trading bonus, the broker offers entry to the markets through four different account setups, three different trading platforms and a suite of popular applications. Trading interfaces come out of the box for inexperienced traders and facilitate customisation for more experienced professionals. CM Trading offers two trading platforms MetaTrader 4 (MT4) and Sirix WebTrader.

How reliable is CMTrading?

CM Trading has a high trust score of 91 out of 99 and can be considered a low-risk trading platform.