Online since 2011, CMTrading have grown into one of South Africa’s top Forex brokers in recent years. The corporate entity behind the CM Trading brand is Global Capital Markets Trading SA (GCMT SA), which is based in the Seychelles. The actual company address – as provided on the CM Trading website – is PO Box 343, Victoria, Mahe, Seychelles. GCMT can be contacted through a variety of emails and phone numbers. More on that in the “support” section of this review.
CMTrading is a licensed and fully regulated operator. The jurisdiction under which it performs its activities is that of South Africa’s FSB (Financial Services Board). The license which grants it the right to operate in the said jurisdiction is FSP #38782, belonging to Blackstone Marketing SA (PTY) Ltd.
The FSB is an independent regulatory agency in South Africa, which has taken upon itself the regulation and overseeing of the non-banking financial sector.
CMTrading supports the trading of forex, CFDs, indices and various commodities, such as gold, natural gas, sugar, and coffee.
CM Trading Platforms
CM Trading feature an impressive range of trading platforms and tools aimed at making it as easy as possible for their traders to make decisions and to open their positions. The backbone of the CM Trading experience is the MT4 platform, which is indeed the gold standard in the industry. User-friendly and convenient, CM Trading’s MT4 has been completely integrated with the services offered by the brokerage, to provide tight spreads and seamless market execution, free of re-quotes.
Strategy-wise, MT4 provides a superb playing field for scalpers as well as for those relying on hedging. EA support is provided too. Technical Analysis is made easy not only through the platform itself, but also through the range of trading tools offered by the brokerage. Traders who already have their own expert advisors will be glad to learn that they will indeed work seamlessly with CM Trading’s MT4. What’s more, experts will be able to develop new EAs through the MQL4 programming language supported by the platform.
MT4 is available in a mobile app format too. The apps successfully integrate most of the MT4 features, offering one click access to a variety of functions. Graphs and charts can be accessed through a mobile phone for technical analysis on the go. Indicators can be used for instant decision-making and the execution is just as quick and seamless as it is through the above described “full” platform. A steady stream of up-to-the-minute news complete the mobile trading experience, giving traders a handle on the fundamentals, in addition to the technical analysis features already at their fingertips.
The CMTrading WebTrader is essentially the Sirix WebTrader, created by Leverate. It is an online, social trading platform, which lets traders augment their technical and fundamental analysis skills with the wisdom of the masses. The main advantage of the WebTrader is obviously the fact that it allows traders to execute their trades from any PC, without the need to download and to install anything.
The Sirix Tablet Trader lets traders connect to their regular MT4 accounts through any Android or iOS tablet. As such, the Tablet Trader offers access to all the features and functionality incorporated into the “full” MT4 platform.
Through the Sirix CopyKat trader, traders can effectively copy the trades of their more successful peers. All one really has to do to use CopyKat is to create an account and to log on to the Sirix WebTrader. Watching successful traders and copying their trades is as simple as clicking a button from there on out. CopyKat-enabled accounts can be opened for as little as $250.
To complete the lavish platform offering, CM Trading hand their traders an MT4 manual, the aim of which is obviously to ease them into the sea of functionality offered by the popular platform.
CMTrading Account Types
The account types featured by CMTrading cover four tiers: Mini, Standard, Executive and Gold.
The Mini account is obviously the cheapest. It can be had for as little as $250. It includes access to a Demo Account and it features 1:400 leverage. The spread on this account is simple called “spread” at the site. In higher tier accounts, the spread gets tighter. Daily- and weekly market reviews as well as an eBook are included in the Mini offer.
The Standard Account starts from a minimum deposit of $1,000, and it offers 1:200 leverage, with “regular” spreads. In addition to everything the Mini account delivers, the Standard one offers access to webinars, the CMT debit card and a risk-free trade.
The Executive account starts from $5,000, and it features 1:200 leverage, with “tighter” spreads. 2 risk-free trades are included in this package too.
The Gold account starts from $25,000 and it features “competitive” spreads, with 1:200 leverage. Same day withdrawals are also included in this package, as well as 3 risk-free traders and 2 trading strategies.
The CMT demo account is fully featured. Registering for it is as easy as filling out a form with some personal details and confirming one’s email.
An Islamic account is available too.
The CM Trading support staff – which is knowledgeable and eager to help – can be contacted in a variety of ways. First of all, there’s the live chat feature. There are then no fewer than 11 phone numbers people from various countries can call. For the UK, the number is +44 203 318 2176. We have China (+86 1084 054218), France (+331 707 265 08) and Canada (+164772 45 457). There are a number of department-specific email addresses too, like firstname.lastname@example.org, email@example.com and firstname.lastname@example.org, as well as an email form.
For Deposits, CMT support Bank Wire, Neteller, FasaPay, CashU as well as debit- and credit cards. The same methods are supported for withdrawals too.
CM Trading is an all-around decent trading destination, featuring good spreads and leverage on most products, as well as a superb selection of trading platforms and a helpful support staff. Fully regulated, the brokerage enjoys a spotless reputation.
Countries where CM Trading is not available
Afghanistan, Algeria, Chad, Congo, DRC, Eritrea, Ethiopia, Ghana, Lebanon, Turkey, Iran, Iraq, Israel, Libia, Niger, Nigeria, Pakistan, Palestenian territory, Philippines, Sudan, Syria, Uganda, Uzbekistan, Yemen, Liberia, Belarus, Burma, North Korea, South Sudan, Somalia, Barundi, Ivory Coast, Cuba, Zimbabwe, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Macedonia, Bulgaria, Albania, Greece, USA.