CM trading website feels like a professionally made site where there are no crazy pictures of money or city skylines trying to entice you into the brokerage with promises of unattainable riches in a short period of time, it has a professional straightforward feel.
It is easy to navigate and simple to use and feels like I’m on this site of a good honest broker.
One thing I did notice is the fact that they are or have claimed to be the best performing broker in Africa for 2019. Although, I’m not quite sure how true that is.
The website is available in 6 different languages English, Russian, Arabic, Indonesian, Chinese and Spanish.
CM Trading was founded in South Africa back in 2014. They are owned and operated by two separate companies named Global Capital Markets Trading and Blackstone Marketing SA Limited.
So after doing some research I found out that the company is regulated and registered in South Africa by the financial sector conduct authority (FSCA), which is a good sign. Although I am not familiar with the South African regulatory body, it is always better if a company is registered wherever they are based.
CM Trading has three different platforms you can trade from with the first being this Sirix platform which is a web-based browser platform that can be traded from anywhere. It is a good platform with a lot of tools for technical analysis and forecast, etc. It’s important to note that this platform also has a social trading aspect to it which is another added bonus.
You can also trade through the CM Trading broker via MT4 platform. As we already know is a very good platform and very popular amongst many traders beginner to professional.
Finally they have their mobile trading app which can be downloaded as the Sirix app or the MT4 app and is available both on Android and iOS.
CM Trading has a variety of different assets that you can invest in. It ranges from cryptocurrencies, indices, commodities, forex to CFD’s.
In terms of account types CM Trading has four, these are the bronze, silver, gold and premium.
Let’s start off with the bronze account. With this account the minimum deposit is $250. Also, you receive a demo account, daily market review, a weekly market review and a CM Trading eBook. They do mention a spread, but there are no details and I can only assume these are higher than the other accounts they have available.
The next account is the silver account where the minimum deposit is $1,000. Again you are receiving a demo account with this. You also get a regular spread, 1 risk free trade (which I’m always skeptical about) and access to a webinar called ‘Introduction to Forex’.
Moving onto the gold account, the minimum deposit is $10,000. It has the demo account included. This time they offer tighter spreads and two risk free trades. Besides that, it includes an ’Introduction to Forex’ and ‘Understanding Technical and Fundamental Analysis’ webinars.
Finally, we have the premium account. The minimum deposit here, is $25,000. You receive a demo account, competitive spreads and same day withdrawals. You still get three risk free trades, two trading strategies and some webinars.
When it comes to spreads on their platform, the standard spread on the EURUSD pair is 1.5 pips. This matches the standard in the industry, although I did notice some other pairs had rather high spreads which is a little concerning. For example, I noticed the spread on the AUDUSD is at 5 pips which is extremely high.
Looking for lower spreads? Pepperstone is the right one for you.
Deposit and Withdrawals
When it comes to deposits, there are few different methods that can be used: either wire or bank transfer, debit or credit card, CashU, Neteller and Fasapay. So there are a variety of options that customers can use.
As for withdrawal methods these are the same. You would need to make a request for a withdrawal that would be sent to their finance department. Then, according to their website you would be contacted within 24 hours.
So when it comes to education they do have many tools available and as previously mentioned with the account types they offer training videos, eBooks, webinars, video chart analysis and chart analysis and again this is dependent on which account type you choose. The company pride themselves on education, so I would expect the tools offered to be at a good level.
The life support can be contacted via email via telephone by their web chat service or via their online contact form. As at the time of writing this it is the weekend, and I am unable to get through to them. I believe their customer support is only available at earliest Sunday evening to Friday night.
So How Reliable Are They, What Have Customers Said?
The customers have been very positive, with a lot of them praising the charting platform. So it seems that this is a reputable broker.
Although the spreads are slightly higher this hasn’t seemed to put customers off.
That’s for the reliability, I would say they are very reliable company and broker. This being mainly due to their regulation and the fact that they separate clients money into segregated accounts.
So all in all I believe that CM Trading is a good broker. They have been working professionally with the interests of their clients and customers at hand. The fact that they are regulated is always what traders should be looking for when choosing a broker. I am confident in being able to say that this is a broker that can be trusted.