CMTrading

  • A wide variety of account types
  • 1-on-1 training
  • Exclusive 20% First Time Deposit bonus for ForexMalaysia clients!
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Legal Company Name Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
Website https://www.cmtrading.com
Year Founded 2013
Offices Locations South Africa, Seychelles
Regulators FSCA No.38782, FSB
Broker Type Market Maker
Minimum Deposit $250
Maximum Leverage 200:1
Minimum Spread 1.5 pips
Deposit & Withdrawal Bank wire, Visa/Mastercard,Skrill, CashU
Currency Pairs 47
Trading Platform MetaTrader4, Sirix
Web-based Platforms Yes
Mobile Apps Yes
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.

How CMTrading Compares To Other Brokers

CMTrading Vs. AvaTrade

  CMTrading AvaTrade
Funding Bank wire, Visa/Mastercard,Skrill, CashU Bank wire, Visa/Mastercard, Paypal
Regulated FSCA No.38782, FSB FSCA No.45984, ASIC, FCA, BVI, FFAJ
Broker Type Market Maker Market Maker
Currency Pairs 47 50+
Minimum Spread 1.5 pips 0.7 pips
Minimum Deposit $250 $100
Max Leverage 200:1 400:1
Expert Review Read review Read review
Visit Website Visit CMTrading Visit AvaTrade

CMTrading Vs. XM

  CMTrading XM
Funding Bank wire, Visa/Mastercard,Skrill, CashU Bank wire, Visa/Mastercard, Skrill , Neteller
Regulated FSCA No.38782, FSB EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker Type Market Maker Market Maker
Currency Pairs 47 55+
Minimum Spread 1.5 pips 0.0 pips
Minimum Deposit $250 $5
Max Leverage 200:1 500:1
Expert Review Read review Read review
Visit Website Visit CMTrading Visit XM
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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