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CM trading Broker Review

FX Scouts By Jeffrey Cammack Updated: October 14, 2019
Average Score
2 / 5
Min. Deposit USD 250
Max. Leverage 200:1
Min. Spread 1.5 pips
Regulators FSCA
Regulator Origin FSCA
Broker Type Market Maker

Summary

CM Trading 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.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses $25 No Deposit Bonus
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum Deposit USD 250
Base currencies EUR, USD
Number of FX Pairs 47
Hedging Allowed
Scalping
Swap-Free Accounts

Average Spreads

EUR / USD 1.5
GBP / USD 2.6
USD / JPY 1.7

Company Details

Company name Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
Founded 2013
Website Visit Website
Type Market Maker
Regulators FSCA
Office locations South Africa,Mauritius,Israel

Deposit & Withdrawal Methods

Supported Platforms for CM trading

CM trading Broker Detailed Review

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.

Compare Brokers

Overall Rating 2/5 4/5 3/5
Minimum Deposit USD 250 USD 100 USD 200
Regulation
FSCA FSCA
CySEC CySEC
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
ASIC ASIC
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review
Trading Conditions 3 / 5 4 / 5 3 / 5
Trading Platforms 3 / 5 3 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
% Lose with this broker 73% of retail investor accounts lose money when trading CFDs with this provider 76.60% of retail investor accounts lose money when trading CFDs with this provider 76% of retail investor accounts lose money when trading CFDs with this provider
Leverage 200:1 300:1 400:1
Spread 1.5 pips 0.9 pips 2.0 pips
Hedging
Scalping
Account Types
  • Standard,Vip,Professional
  • Mini
  • Standard
Trading Platforms MetaTrader4, WebTrader, Sirix MetaTrader4, MetaTrader5, WebTrader etoro
Funding Methods CashU, Bank Transfer, Neteller, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal Visa, Mastercard, Neteller, Unionpay
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Overall Rating 3 / 5 4 / 5 4 / 5
Min. Deposit USD 250 USD 100 USD 200
Regulation
FSCA FSCA
CySEC CySEC
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
ASIC ASIC
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review Read Full Review
Trading Conditions 3 / 5 4 / 5 3 / 5
Trading Platforms 3 / 5 3 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
Risk Disclaimer 73% of retail investor accounts lose money when trading CFDs with this provider 76.60% of retail investor accounts lose money when trading CFDs with this provider 76% of retail investor accounts lose money when trading CFDs with this provider
Leverage 200:1 300:1 400:1
Spread 1.5 pips 0.9 pips 2.0 pips
Hedging Allowed Yes Yes Yes
Scalping Allowed Yes Yes No
Platforms MetaTrader4, WebTrader, Sirix MetaTrader4, MetaTrader5, WebTrader etoro
Funding CashU, Bank Transfer, Neteller, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal Visa, Mastercard, Neteller, Unionpay

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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.