CM Trading Review

Review

CM Trading is a Forex brokerage located in South Africa.  South Africa closely regulates it Forex Market so you can be assured that this brokerage is carefully monitored.  Your deposits are kept in segregated accounts and monitored by the FSB, the South African Financial Services Board.  This brokerage promises secure SSL transactions and updated encryption technology to assure your security and privacy.  They have a satellite location in the Seychelles as well. 

CM Trading Offerings

In addition to traditional Forex trading this firm offers CFDs for commodities, stocks and indices.  They operate around the world allowing their customers a full-service trading experience.  CM Trading does not accept U.S. traders because the United States regulators do not allow CFD trading or brokers not regulated in the U.S. to solicit U.S. citizens. To enhance the experience of traders across the globe, their signals and information is available in over 100 languages.

Trading Platform

CM Trading customers can trade using either MetaTrader 4 or Sirix trading platforms.  These platforms both offer an extensive set of access options, service, updates and more.  They are both mobile and web based and can update a trader 24/7 with whatever information they are looking for.  This brokerage allows customers to use the Sirix CopyCat platform feature for mirror trading.  Traders should do their research carefully before choosing a trader (or traders) to copy.  There are also options for social trading through CMT.

Types of Accounts

This brokerage offers customers four types of accounts.  A Mini Account can be opened with as little as $250.  This account allows use of a demo account, leverage of 1:400, a daily market review and a weekly market review as well as a copy of the CM trading ebook.  The next level of account is the Standard Account.  This level starts at $1,000 and in addition to all of the benefits of a Mini account, gives traders a debit card they can use to access their funds, one risk-free trade and access to webinars about Forex trading.  The leverage allowed on a Standard Account is 1:200 and spreads seem to be reasonable, if not a bit high. Next is an Executive Account which entitles the trader to tighter spreads, a VIP debit card, more webinars and 2 risk free trades for a minimum deposit of $5,000.  The highest level of account, with a deposit of $25,000 or more is called a Gold Account, which comes with a competitive spread, same day withdrawals, 3 risk free trades, 2 trading strategies, and even more webinars.  The Mini account spreads average between 2 and 3 pips, and higher-level accounts have more favorable spreads.

During this CM Trading review there were a few deposit-based promotions available to new traders.  The brokerage offers customer support 24/5 via several international phone numbers, live chat on their website or email.  The website contains an extensive education section with resources in many different forms to help you learn more about your trading options, strategies and platforms. 

As with any brokerage, do your research, but the reviews and feedback we have researched seem to say this a decent option for traders outside of the U.S.

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