In online trading, finding a reliable and feature-rich broker is crucial for success. CMTrading, established in 2012, has emerged as a prominent player in the forex and CFD trading landscape. This comprehensive CMTrading review will examine various aspects of the broker, from its regulatory status to its trading platforms (MT4, WebTrader), account types (Basic, Trader, Gold, Premium, Islamic), and more. Whether you're a novice or an experienced professional, this article will help you determine if CMTrading broker is the right choice for your trading journey.
CMTrading Company Information & Regulation Status
CMTrading, founded by traders for traders, has built a solid reputation over the past decade. The company primarily provides a secure, transparent, and educational trading environment. With operations spanning across Africa, the Middle East, and other regions, CMTrading has indeed become a global entity. Key highlights of CMTrading include:
- Established in 2012, headquartered in Africa;
- Multi-award winning broker, named "Best Financial Broker in Africa";
- Regulated by the Financial Services Authority (FSA) in Seychelles and the Financial Sector Conduct Authority (FSCA) in South Africa.
CMTrading's dual regulation ensures traders' compliance and security. The FSCA oversight in South Africa provides additional protection, especially for African traders.
CMTrading Broker Summary of Specifics
To give you a quick overview of CMTrading's offerings, here's a concise table summarizing the critical specifics:
Broker | CMTrading |
Account Types | Basic, Trader, Islamic, Gold, Premium |
Regulating Authorities | FSCA, FSA |
Based Currencies | USD |
Minimum Deposit | $299 |
Deposit/ Withdrawal Methods | MasterCard, Visa, Diners Card, Discover, Visa Electron, Standard ZAR, Nedbank ZAR, Cryptopayments, Skrill, EFTPay, Neteller, Perfect Money, Google Pay |
Minimum Order | 0.01 |
Maximum Leverage | 1:200 |
Investment Options | No |
Trading Platforms & Apps | MT4, WebTrader |
Markets | Forex, Commodities, Indices, Stocks, Cryptocurrencies |
Spread | 1.9 for Gold & Premium |
Commission | N/A |
Orders Execution | Market |
Margin Call/Stop Out | From 20% |
Trading Features | CopyTrading, Economic Calendar |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | YES |
PAMM Account | No |
Customer Support Ways | Phone, Email, WhatsApp |
Customer Support Hours | 24/5 |
The low spreads and instant execution make CMTrading suitable for various trading styles, including scalping and day trading.
CMTrading Types of Accounts
CMTrading broker offers a range of account types to cater to different trader profiles and investment capacities. Here's an overview of the available options:
Account Type | Min. Deposit | Welcome Bonus |
Basic | From $299 | YES |
Trader | From $2,000 | YES |
Gold | From $10,000 | YES |
Premium | From $50,000 | YES |
Islamic | Varies | YES |
Each account type has its benefits, allowing traders to choose the one that best suits their trading style and capital.
CMTrading Advantages and Disadvantages
To help you make an informed decision, let's examine the pros and cons of trading with CMTrading:
Advantages | Disadvantages |
Regulated by FSCA and FSA | Relatively high minimum deposit |
Excellent customer support | Wide spreads on entry-level |
Comprehensive educational resources | - |
Daily Trading Signals | - |
While CMTrading offers a solid trading experience with good regulatory oversight, the higher costs associated with some account types and transactions may deter some traders.
CMTrading Broker Signing Up & Verification Process
Signing up with CMTrading is a straightforward process. Here's a step-by-step guide:
- Visit the CMTrading website and click on "Sign Up";
- Fill in the registration form with your Full name, Email, Phone and set a password;
- Choose your account type and trading platform;
- Upload verification documents (ID, proof of address).
The verification process usually takes 1-2 business days. CMTrading emphasizes the importance of proper documentation to ensure account security and compliance with regulatory requirements.
CMTrading Trading Platforms
CMTrading provides traders with two primary trading platforms:
- MetaTrader 4 (MT4);
- CMTrading Webtrader.
Both platforms offer mobile versions, allowing traders to manage their positions. The integration of Trading Central signals provides an additional layer of market analysis, which is particularly beneficial for newer traders.
CMTrading Spreads and Commission Structure
CMTrading operates on a spread-based model, with no additional commissions on standard accounts. The spreads vary depending on the account type:
Account Type | Spread |
Basic | regular |
Trader | Regular + |
Gold | 1.9 pips |
Premium | 1.9 pips |
While these spreads are competitive, especially for the higher-tier accounts, traders should note that they may widen during periods of high market volatility.
CMTrading Deposit & Withdrawal methods
CMTrading offers several options for deposits and withdrawals:
- MasterCard;
- Visa;
- Diners Card;
- Discover;
- Visa Electron;
- Standard ZAR;
- Nedbank ZAR;
- Cryptopayments;
- Skrill;
- EFTPay;
- Neteller;
- Perfect Money;
- Google Pay.
Copy Trading & Investment Options Offered on CMTrading Broker
CMTrading provides a copy trading feature through their CopyKat program. This allows less experienced traders to replicate the trades of successful traders automatically. Key points include:
- Access to a pool of experienced traders;
- Ability to view historical performance;
- Real-time copying of trades.
While CMTrading doesn't offer PAMM (Percent Allocation Management Module) accounts, the copy trading feature provides a similar way for traders to benefit from others' expertise.
CMTrading Bonuses and Promotions
CMTrading offers several bonuses and promotional offers:
- Welcome Bonus;
- $100 Deposit Bonus;
- 9% Interest Promo (9% for $10K Deposit);
- $200 referral bonus.
While these offers can be attractive, traders should carefully review the terms and conditions associated with each promotion.
CMTrading Support team and Hours
CMTrading provides comprehensive customer support through multiple channels:
- WhatsApp: +27 60 138 0155;
- Email: support@cmtrading.com;
- Phone: +44 161 388 3321.
The support team is available 24/5, ensuring assistance during all trading hours.
CMTrading Broker List of Restricted Countries
While CMTrading accepts clients from many countries, restrictions are based on regulatory requirements. Unfortunately, the information did not provide a specific list of restricted countries. Traders should check with CMTrading directly for the most up-to-date information on country restrictions.
CMTrading Trust Scores & Reviews
CMTrading broker has garnered positive reviews from many traders, with an average rating of 4 out of 5 stars on Trustpilot website. Traders appreciate CMTrading's educational resources, customer support, and user-friendly platform. However, some users have noted concerns about accounts being blocked and profits being vanished.
Conclusion and final words
CMTrading is a reputable broker with a strong presence in Africa and beyond. Its regulatory status (FSA, FSCA), diverse range of tradable assets (FX, Metal, energy, etc.), and commitment to trader education make it an attractive option for novice and experienced traders. While some aspects, like spread widths on lower-tier accounts, may be points of concern, the overall package offered by CMTrading broker is competitive in the forex and CFD trading landscape. Write with your thoughts on the CMTrading review in the comments.
