CMTrading

CMTrading

Posted by Zane | December 11, 2015 | Forex Broker
  • High Leverage
  • 1-on-1 training
  • Exclusive 20% First Time Deposit bonus for ForexMalaysia clients!
sign-up-green1

CMTrading forex broker has its headquarters in Johannesburg, South Africa. It also has other satellite offices in Seychelles, Victoria and Mahe.  It is a complete market maker type of a broker.

CMTrading is a good choice for all kinds of forex traders, and because they are an up-and-coming player in the emerging markets, they are more willing to invest time into you as their customer.   If you are a scalper, the best accounts are the Executive and Gold accounts due to their tight and competitive spreads respectively.   CM has an automated mirroring system and does allow for social trading.

You should have a minimum of $250 to open the most basic CMTrading account, but this has benefits of 1-on-1 training and access to the full platform.

Regulations

Having been founded in South Africa, it was first registered with the Financial Service Board (FSB). However, it is also registered with other commissions in the various countries in which it operates.  CMTrading is licensed by the Securities Commission Malaysia so as to allow it to operate in Malaysia.

CMTrading trading platforms

CMTrading has the standard variety of trading platforms to cater for the needs of traders. These trading platforms include MetaTrader 4, Tablet Trader (which is a mobile optimized website trading platform), Sirix WebTrader and MT4 App for mobile devices.

As a note, the Sirix Web Trader allows traders to copy other traders’ trades while the MT4 mobile app is actually available for both iPhones and Android-operated smartphones.

CMTrading Account types

CMTrading offers both real and demo accounts – there are four types of real accounts from which a retail forex trader can choose to open depending on deposit amount, and has different features or spreads. The four real accounts are mini account, standard account, executive account and Gold account.  Every type of a real account has its own unique features:

Mini account

  • Requires a deposit of between $250 to $999.
  • Has a leverage of 1:400.

Standard account

  • Requires a deposit of between $1,000 to $4,999.
  • Has a leverage of 1:200.
  • Executive account
  • Requires a deposit in the range of $5,000 to 25,999.
  • Has a leverage of 1:200.
  • Has tighter spreads.

Gold account

  • Requires a minimum deposit of $25,000.
  • Has a leverage of 1:200.
  • Has competitive spreads.
  • Same days withdrawal options

CMTrading allows the use of a variety of money transaction methods in depositing money to and withdrawing money from the trader’s CMTrading account including credit cards, debit cards, Skrill (Moneybookers) and bank wire transfers.

Related Blogs

Posted by Zane | May 10, 2017
Exness Broker Review
Easy Markets does not allow scalping, however, it is good for the intraday and long term traders.
Posted by Zane | May 10, 2017
HotForex Review
Easy Markets does not allow scalping, however, it is good for the intraday and long term traders.
Posted by Zane | August 8, 2016
InstaForex
55% volume bonus, 30% welcome bonus Research areas full of good financial information to help your trading. Licensed to operate by the Securities Commission of Malaysia InstaForex is a forex...