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CM trading Broker Review

FX Scouts By Jeffrey Cammack Updated: March 31, 2020
Overall Rating
3.73 / 5
Min. DepositUSD 250
Max. Leverage200:1
Min. Spread1.5 pips
Regulators FSCA
Regulator Origin FSCA
Broker TypeMarket Maker

Summary

CM Trading is a market-maker with competitive spreads on its Islamic account and an interesting selection of trading tools, including the Guardian Angel system which provides automated feedback on your trading style.  

A good choice for new traders due to the great educational material and the CopyKat copy-trading system and with MetaTrader 4 and Sirix Webtrader platforms both supported, there is some platform flexibility.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses $25 No Deposit Bonus
Our Review Process

Trading Conditions

Minimum DepositUSD 250
Base currenciesEUR, USD
Number of FX Pairs47
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD1.5
GBP / USD2.6
USD / JPY1.7

Company Details

Company nameGlobal Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
Founded2013
Website Visit Website
TypeMarket Maker
RegulatorsFSCA
Office locations South Africa, Mauritius, Israel

Deposit & Withdrawal Methods

Supported Platforms for CM trading

Is CM Trading Safe?

Having been founded in South Africa, it was first registered with the Financial Sector Conduct Authority (FSCA). 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.

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 the 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:

Deposits & Withdrawals

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.

Trading Platforms

CMTrading has a standard variety of trading platforms to cater to 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.

Most retail CFD accounts lose money. Your capital is at risk.

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Overall Rating 3.73 / 5 4.48 / 5 3.68 / 5
Minimum DepositUSD 250USD 250USD 200
Regulation
FSCA FSCA
CySEC CySEC
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FSCA FSCA
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, ForexCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, BlendsCommodities, Cryptocurrencies, Forex, Indicies, Equities
Forex Pairs4750+47
Crypto Pairs4616
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 3.5 / 5 4.5 / 5 3 / 5
Trading Platforms 4 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 3 / 5
Education & Research 4 / 5 4 / 5 2 / 5
Assets Available 4 / 5 4.5 / 5 4 / 5
Customer Service 4.5 / 5 4 / 5 4 / 5
% Lose with this broker 73% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider
Leverage200:1300:1400:1
Spread1.5 pips0.9 pips2.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • Bronze (Standard)
  • Gold (Vip)
  • Premium (Vip)
  • Silver (Professional)
  • Live (Standard)
  • Professional (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4, Sirix MT4, MT5 etoro
Funding Methods CashU, Bank Transfer, Neteller, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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Overall Rating 3.73 / 5 4.48 / 5 3.68 / 5
Minimum DepositUSD 250USD 250USD 200
Regulation
FSCA FSCA
CySEC CySEC
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, ForexCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, BlendsCommodities, Cryptocurrencies, Forex, Indicies, Equities
Forex Pairs4750+47
Crypto Pairs4616
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 3.5 / 5 4.5 / 5 3 / 5
Trading Platforms 4 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 3 / 5
Education & Research 4 / 5 4 / 5 2 / 5
Assets Available 4 / 5 4.5 / 5 4 / 5
Customer Service 4.5 / 5 4 / 5 4 / 5
% Lose with this broker 73% of retail investor accounts lose money when trading CFDs with this provider 74.93% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider
Leverage200:1300:1400:1
Spread1.5 pips0.9 pips2.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • Bronze (Standard)
  • Gold (Vip)
  • Premium (Vip)
  • Silver (Professional)
  • Live (Standard)
  • Professional (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4, Sirix MT4, MT5 etoro
Funding Methods CashU, Bank Transfer, Neteller, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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