CMTrading
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Popularity | |
Leverage | 1:200 |
Minimum Deposit | $100 |
Regulation | ASIC, CySEC, BaFin, FSCA |
Payment Methods | Credit Card, Bank Transfer, PayPal, Skrill |
Trading Assets | Forex, Commodities, Indices, Stocks, Cryptocurrencies |
MT4 | ✅ |
MT5 | ❌ |
Spreads | Low |
Average cost: EUR/USD | 0.2 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ❌ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | $10 after 12 months |
Year Established | 2012 |
Address | 18th Floor, Sandton City Office Tower, 158 5th Street, Sandton, Johannesburg, 2196, South Africa |
Contact Information | Email: [email protected], Phone: +27 10 500 8026 |
Mobile Trading APP | |
Rating | ★★★★★ (4.6) |
Website |
Pros and Cons
- Robust regulatory framework enhances security
- Low spreads increase trading profitability
- Advanced trading platforms (MT4 and proprietary app)
- Comprehensive educational resources for new traders
- Strong customer support services
- Limited availability of MT5 platform
- High inactivity fee after 12 months of no trading activity
- Copy Trading options are limited compared to competitors
- Restricted leverage for cryptocurrency trading
- Platform features may be overwhelming for absolute beginners
Introduction
CMTrading is increasingly recognized as a prominent player in the online brokerage industry, catering to a global clientele.
Founded in 2012, the company has steadily built a reputation for reliability, innovative trading solutions, and a strong commitment to client education and support.
This comprehensive review will delve into various of its services, including their trading platforms, asset offerings, regulatory status, customer support, educational resources, and more.
Open a free accountRegulatory Compliance and Safety of Funds
Regulatory Background
CMTrading is regulated by multiple reputable authorities worldwide, enhancing its credibility and reliability as a broker:
- Financial Sector Conduct Authority (FSCA) in South Africa
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
This strong regulatory framework ensures that the company adheres to strict standards of operation, providing traders with a secure environment for their investment activities.
Safety Features
- Segregated Accounts: Clients’ funds are held in segregated bank accounts, separate from the company’s funds, which protects them from being used for any other purpose.
- Negative Balance Protection: Ensures that clients cannot lose more than their initial investment, protecting them against market volatility.
Trading Platforms and Tools
CMTrading offers its clients a choice of platforms, each catering to different trading needs and experience levels.
MetaTrader 4
- User-Friendly Interface: Known for its user-friendly interface, MT4 is suitable for both beginners and experienced traders.
- Advanced Charting Tools: Provides many technical analysis tools and indicators for enhanced trading decisions.
- Automated Trading: Supports Expert Advisors (EAs) for automated trading strategies.
CMTrading Mobile App
- Accessibility: Enables trading on the go from any location using smartphones or tablets.
- Functionality: Offers a comprehensive range of features, including full trading capabilities, advanced charting, and account management tools.
Platform Comparison
Feature |
MetaTrader 4 |
Mobile App |
Platform Type |
Desktop, Mobile, Web |
Mobile App |
Technical Indicators |
30+ |
Limited |
Automated Trading |
Yes |
No |
Interface |
Customizable |
Streamlined |
Asset Offerings and Markets
CMTrading provides a broad selection of tradable assets, which allows traders to diversify their investment portfolios significantly.
Types of Assets
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Includes precious metals like gold and silver, and energies such as oil and natural gas.
- Indices: Broad market exposure through major global indices.
- Stocks: Shares from leading US, European, and Asian companies.
- Cryptocurrencies: Includes popular options like Bitcoin, Ethereum, and Ripple.
Leverage and Spreads
- Leverage: Up to 1:200 on certain asset classes, allowing traders to amplify their exposure with less capital.
- Spreads: Competitive spreads starting from as low as 1.5 pips on major currency pairs.
Asset Specifications
Asset Class |
Leverage |
Spread |
Forex |
Up to 1:200 |
From 1.5 pips |
Commodities |
Up to 1:100 |
Variable |
Indices |
Up to 1:100 |
Low |
Stocks |
Up to 1:10 |
Variable |
Crypto |
Up to 1:10 |
Variable |
Account Types
CMTrading offers a range of account types tailored to meet the needs of different traders based on their experience level, trading style, and financial goals.
Below, we provide an in-depth look at each account type, highlighting their unique features and benefits.
Bronze Account
-
- Minimum Deposit: $100
- Features: Daily market reviews, webinars, and basic educational resources.
- Suitable For: Beginners looking for a low-entry barrier and educational support to start their trading journey.
Silver Account
-
- Minimum Deposit: $1,000
- Features: Includes all Bronze features plus access to seminars and advanced trading tools.
- Suitable For: Intermediate traders who require more comprehensive tools and educational resources.
Gold Account
-
- Minimum Deposit: $10,000
- Features: Lower spreads, special risk management tools, and SMS signals.
- Suitable For: Experienced traders looking for competitive conditions and personalized trading support.
Premium Account
-
- Minimum Deposit: $25,000
- Features: VIP customer support, access to premium trading rooms, one-on-one coaching sessions, and the lowest spreads offered.
- Suitable For: Professional traders and high-net-worth individuals requiring a tailored trading experience with top-tier features.
Comparison Table for Account Types
Account Type |
Minimum Deposit |
Key Features |
Spreads |
Commission |
Bronze |
$100 |
Market reviews, Basic education |
Higher |
None |
Silver |
$1,000 |
Advanced tools, Webinars, Seminars |
Medium |
None |
Gold |
$10,000 |
SMS signals, Personalized support |
Low |
None |
Premium |
$25,000 |
One-on-one coaching, Premium trading rooms |
Lowest |
None |
Special Features Across Account Types
- Educational Support: Each account type progressively offers more in-depth educational materials and live trading sessions to help traders enhance their trading skills.
- Customer Support: Starting from Silver accounts, traders receive priority support, with Premium accounts getting personalized services.
- Trading Tools: Advanced trading tools become available as you move to higher-tier accounts, including more sophisticated risk management and analysis tools.
Who Should Choose Which Account?
- Bronze Account: Ideal for beginners who are not ready to commit a substantial amount of capital but want access to necessary trading tools and educational content.
- Silver Account: Best for intermediate traders who are looking to expand their knowledge and start using more advanced features without a high investment requirement.
- Gold Account: Suitable for experienced traders who need lower spreads and personalized trading advice to optimize their strategies.
- Premium Account: Tailored for seasoned professionals and institutional traders who require a comprehensive suite of tools and direct access to market insights and support.
Customer Support
The company places a strong emphasis on comprehensive customer support:
- Availability: 24/5 support through live chat, email, and phone.
- Languages: Services offered in multiple languages to cater to a global clientele.
- Response Time: Commitment to quick response times, aiming to address client queries as promptly as possible.
Educational Resources
Commitment to Trader Education
The broker offers an extensive range of educational resources aimed at empowering traders to make informed decisions:
- Trading Webinars: Regular webinars covering market trends and trading strategies.
- E-books and Guides: Comprehensive learning materials for traders at all levels.
- Video Tutorials: Step-by-step tutorials on using the platforms and trading tools effectively.
Trading Insights
- Daily Market Reviews: Provides traders with the latest market insights.
- Economic Calendar: Keeps traders updated on important economic events that could impact market conditions.
User Experience and Interface
Platform Usability
CMTrading’s platforms are designed with user experience in mind, ensuring that both novice and seasoned traders can navigate their trading environments with ease.
- MetaTrader 4 (MT4): Renowned for its robust functionality and customizability, MT4 allows users to tailor their trading environment to their personal preferences, which includes the use of charts, indicators, and automated trading systems.
- Mobile App: This app provides a streamlined, intuitive interface that enables traders to manage their accounts, execute trades, and access real-time market data from anywhere, at any time.
Performance and Reliability
The reliability of a trading platform is crucial, especially in fast-paced markets where timing and execution can significantly impact trading outcomes.
- Execution Speed: Their platforms are engineered to execute trades swiftly and accurately, minimizing slippage even in volatile trading conditions.
- Uptime: Both MT4 and the proprietary mobile app maintain high uptime statistics, ensuring that traders can access their accounts and trade without interruption.
Customization and Features
- Charts and Tools: Traders can customize charts and use various technical analysis tools to help make informed trading decisions.
- Alerts and Notifications: The platforms provide options for setting up alerts and notifications about market events or price movements, helping traders to stay informed without needing to constantly monitor their screens.
Payment Methods and Banking Options
Deposits and Withdrawals
This broker supports a range of convenient deposit and withdrawal methods to accommodate its diverse client base.
- Credit/Debit Cards
- Bank Wire Transfers
- E-Wallets: Including PayPal and Skrill.
Deposits are typically processed quickly, often instantly, while withdrawals are processed within 24 to 48 hours, ensuring that traders can access their funds promptly.
Fees and Charges
- No Deposit Fees: CMTrading does not charge any fees for deposits.
- Competitive Withdrawal Fees: Withdrawal fees are kept competitive and are clearly stated, ensuring transparency.
- Inactivity Fee: An inactivity fee is charged on accounts that are inactive for more than 12 months, which is standard practice in the industry.
Trading Insights and Market Analysis
Market Coverage
CMTrading offers comprehensive market coverage, providing traders with access to a wide range of markets globally, including:
- Forex: More than 50 major, minor, and many exotic pairs.
- Indices: Key global indices such as the Dow Jones, NASDAQ, and S&P 500.
- Commodities: More than 20 commodities such as gold, silver, oil, and agricultural products.
- Stocks and Cryptocurrencies: Broad access to major global stocks and popular cryptocurrencies.
Analysis Tools
- Technical Analysis Tools: Robust charting capabilities with numerous technical indicators and tools allow traders to perform detailed market analysis.
- Fundamental Analysis Resources: Economic calendars, news feeds, and market commentary help traders stay on top of market conditions and significant economic events.
Transparency and Trust
Transparency is a cornerstone of its operational philosophy, fostering trust and confidence among its clientele.
- Clear Terms and Conditions: All trading terms, conditions, fees, and policies are clearly communicated to ensure there are no misunderstandings.
- Risk Disclosure: CMTrading provides detailed risk disclosure documents to help clients fully understand the risks associated with trading.
Conclusion
CMTrading stands out as a reputable and trustworthy broker in the forex and CFD trading community.
With robust regulatory oversight, a wide range of trading platforms and tools, diverse asset offerings, and a strong commitment to client education and support, it offers a secure trading environment highly conducive to successful trading.
Whether you’re a beginner seeking educational resources or an experienced trader needing a reliable platform with advanced tools, CMTrading caters to all levels of traders.
Their dedication to providing a transparent and customer-focused service further enhances their attractiveness as a top choice for traders around the world.
Visit official website: www.cmtrading.comUser Reviews
Video: How to open and close a trade
Frequently Asked Questions (FAQ)
What is the minimum deposit required to open an account?
The minimum deposit required to start trading is $100. This low entry barrier makes it accessible for beginners looking to enter the market.
Does it offer a demo account?
Yes, CMTrading offers a free demo account that you can use to practice your trading strategies without risking real money. This is a great way to get familiar with the platform and its features.
Can I trade cryptocurrencies?
Yes, it offers cryptocurrency trading alongside traditional assets like forex, stocks, and commodities. However, leverage for cryptocurrencies is more restricted compared to other assets.
Is CMTrading regulated?
Yes, the broker is regulated by multiple reputable bodies, including ASIC, CySEC, and FSCA, ensuring a high standard of accountability and safety for your investments.
What platforms does CMTrading offer for trading?
It offers the popular MetaTrader 4 (MT4) platform as well as their own proprietary mobile trading app. The mobile app is especially useful for those who prefer to trade on-the-go.
Are there educational resources available?
Yes, CMTrading provides a wealth of educational materials, including webinars, e-books, and daily market reviews. These resources are designed to help traders at all levels improve their trading skills and knowledge.
How can I contact customer support?
Customer support at CMTrading can be reached via email at [email protected] or by phone at +27 10 500 8026. They offer support in multiple languages and are available 24/5 to assist with any queries or issues you may encounter.
Resources
- Official Website
- Google Play Store
- AppStore
- Crunchbase
- X
- Trustpilot
- YouTube
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: May 4, 2024