CMTrading Review |
|
| 📅 Year founded |
2012 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Mahe, Seychelles |
| 🌍 Country of regulation |
Seychelles / South Africa |
| ✅ Regulators |
FSA / FSCA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$299 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / CMTrading Web Trader |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Stocks / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Fasapay / UPayCard / AstroPay / Skrill / Neteller / OZOW / Trustwave / powercash |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Welcome Bonus |
| 💰 Account Currencies |
USD / EUR |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
After one month of inactivity |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
200:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
None |
| 💰 Spreads |
From 0.9 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
51 + |
| 🔢 Number of clients |
1 000 000 + |
| 🥇 Instruments Offered |
150 + |
| 📙 Education |
Videos / Webinars / Seminars / eBooks / One-on-One Coaching |
WHAT IS CMTRADING?
CMTrading is a prominent online brokerage established in 2012, specialising in forex and Contract for Difference (CFD) trading.
The broker operates under the regulatory oversight of both the Financial Services Authority (FSA) in Seychelles and the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring a high standard of compliance and security for its clients.
As a global trading platform, CMTrading offers a comprehensive suite of financial instruments and seeks to provide innovative trading solutions tailored to the needs of traders from beginners to professionals.
The company prides itself on creating a trading environment that is accessible and user-friendly, while also embedding advanced technological tools and resources to aid traders in navigating the complexities of the markets.
CMTrading’s dual regulation in both Seychelles and South Africa provides them with a robust regulatory framework which enhances their credibility and reliability as a broker.
This regulatory foundation not only reassures traders of the safety of their funds but also underscores CMTrading’s commitment to adhering to international standards of financial practices and transparency.
The brokerage aims to empower traders by offering extensive educational resources, robust trading tools, and dedicated customer support, all designed to enhance the trading experience.
By maintaining a client-focused approach, CMTrading strives to foster long-term relationships with its traders, supporting them in achieving their investment goals through a stable, secure and dynamic trading environment.
INTRODUCTION
CMTrading is a dynamic and versatile online brokerage that caters to a diverse clientele, ranging from novice traders to seasoned financial professionals.
Since its inception in 2012, CMTrading has grown to become a respected leader in the forex and CFD trading industry, known for its robust trading environment.
The broker’s offerings include a variety of asset classes such as forex, indices, commodities, stocks and cryptocurrencies. This diversity allows traders to engage in multiple markets, facilitating a broad range of trading strategies and opportunities.
In an industry where the technological landscape is constantly evolving, CMTrading stays at the forefront by integrating the latest technological advancements to enhance the functionality and efficiency of its trading platforms.
Whether clients are interested in trading global currencies, speculating on stock market indices, investing in commodities or exploring the volatile cryptocurrency markets, CMTrading provides a comprehensive solution tailored to meet their investment needs.
PROS & CONS
PROS
- Regulated by FSCA and the FSA.
- User-friendly trading platforms.
- Strong focus on trader education.
- Effective customer support.
CONS
- Limited number of trading instruments on offer.
- High minimum deposit of $299 USD is required.
TRADING INSTRUMENTS
CMTrading provides its clients with a diverse range of trading instruments, allowing them to participate in various markets according to their trading preferences and strategies.
Forex
As the cornerstone of CMTrading’s offerings, the forex market allows traders to speculate on the fluctuations of currency pairs.
CMTrading offers a comprehensive selection of currency pairs, with over 51 on offer, including all major pairs such as EUR / USD, USD / JPY and GBP / USD, along with numerous minor and exotic pairs.
Indices
Traders at CMTrading can also trade on major global indices, which is an excellent way to gain exposure to the broader market trends without directly investing in individual stocks.
Available indices include the Dow Jones Industrial Average, NASDAQ Composite, S&P 500, FTSE 100 and 12 others, covering various geographic regions and market sectors.
Commodities
For those interested in commodities trading, CMTrading offers opportunities in both hard and soft commodities. This includes precious metals like gold and silver, energy commodities such as crude oil and natural gas and agricultural products like coffee and sugar.
With over 16 commodites made available by the broker, traders will never be short of options.
Stocks
CMTrading provides access to stock trading, where traders can buy and sell shares from leading global companies. This allows traders to participate in the equity markets and benefit from the potential growth of these companies.
The broker offers a limited number of stocks to its clients, with only 110 stocks available for trading.
Cryptocurrencies
Recognising the growing interest in digital currencies, CMTrading includes cryptocurrencies in its portfolio. Traders can engage in the trading of popular cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin.
The broker has expanded its cryptocurrency selection in recent years, allowing traders to now access over 22 cryptocurrencies for trading.
By offering a varied range of trading instruments, CMTrading caters to the needs of a broad spectrum of traders, from those interested in traditional markets like forex and stocks to those keen on newer markets such as cryptocurrencies.
Each category of instruments comes with its own set of opportunities and risks, suited to different trading styles and strategies.
TRADING PLATFORMS
CMTrading offers its clients two primary trading platforms, each designed to cater to different trading needs and preferences: MetaTrader4 (MT4) and the CMTrading WebTrader. Both platforms are equipped with a range of functionalities and tools to support effective trading.
MetaTrader4 (MT4)
MT4 is widely recognised as one of the leading platforms in the forex trading community due to its robust functionality, user-friendly interface and extensive customisation options.
It is particularly favoured for its advanced charting capabilities, technical indicators and the ability to use automated trading systems known as Expert Advisors (EAs).
MT4 allows traders to conduct detailed market analysis and execute trades with precision. Its reliability and comprehensive tools make it suitable for both novice and experienced traders who require in-depth technical analysis and automated trading capabilities.
CMTrading WebTrader
Understanding the need for accessibility and simplicity, CMTrading also offers its proprietary WebTrader platform.
This web-based platform does not require any download or installation and can be accessed from any web browser, making it extremely convenient for traders who prefer a straightforward, accessible trading experience or who trade from multiple devices.
The CMTrading WebTrader provides a clean, intuitive interface with a range of trading tools and charts. It includes essential features like one-click trading, real-time quotes and a selection of technical analysis tools.
The platform is designed to cater to traders who need quick access to markets without the complexity of more advanced trading systems.
Both platforms are designed to provide traders with a seamless trading experience, incorporating various tools and resources to assist in decision-making processes.
MT4’s strength lies in its advanced features and customisation, making it ideal for traders who rely on technical analysis and automated trading strategies.
On the other hand, the CMTrading WebTrader offers a more straightforward approach, ideal for those who value ease of use and accessibility without the need for complex functionality.
CMTrading’s dual platform approach allows traders to choose the platform that best fits their trading style and needs, ensuring they have the right tools to execute their trading strategies effectively.
Whether trading on the go, from multiple locations or using sophisticated trading algorithms, CMTrading’s platform offerings cater to a diverse range of trading activities and preferences.
ACCOUNT TYPES
CMTrading offers a variety of account types to cater to the diverse needs and preferences of traders at all levels of experience.
Each account type comes with its own set of features and benefits, tailored to enhance the trading experience and meet specific requirements of traders ranging from beginners to professionals.
Bronze Account
The Bronze Account serves as the entry-level option, perfect for those new to trading or with limited experience. This account requires an initial deposit of $299 USD to start trading and offers basic access to all trading instruments.
Bronze account holders receive access to daily market reviews, a session with a senior market analyst and live webinars with senior trading strategists. The spreads are slightly wider compared to higher-tier accounts, making it a cost-effective option for new traders.
Silver Account
The Silver Account is designed for intermediate traders who have a grasp of the basics and are looking to expand their trading capabilities. This account type features more competitive spreads and also includes access to webinars and seminars, enhancing the educational aspect.
Traders can benefit from more in-depth market analysis and some additional support services, such as trading signals, which can help refine their trading strategies. This account type requires a minimum deposit of $5 000 USD.
Gold Account
The Gold Account is ideal for advanced traders who require a broader range of tools and tighter spreads. In addition to the features offered in the Silver Account, Gold members receive a dedicated market analyst, cash back rebtes and even more competitive spreads starting from 1.9 pips.
This account is suitable for serious traders who are managing larger volumes and require personalised support to optimise their trading activities, available from a minimum deposit of $25 000 USD.
Premium Account
The Premium Account is the highest tier offered by CMTrading and is tailored for professional traders and high-volume investors. This account includes VIP customer service, the lowest spreads and customisable trading conditions.
Premium account holders also benefit from priority in both execution and customer support services, along with exclusive access to VIP events and promotions. It requires a significantly higher initial deposit from around $50 000 USD but provides the most advantageous trading conditions and comprehensive support.
Each account type also supports Islamic trading, offering a swap-free option in line with Islamic finance principles, upon request. This consideration ensures that traders of the Islamic faith can participate in trading activities without compromising their religious beliefs.
CMTrading’s tiered account structure is designed to accommodate traders at various stages of their trading journey, providing them with the necessary tools and services to succeed. Whether a trader is just starting out, looking to expand their trading knowledge, or a seasoned professional seeking advanced features and the best possible terms, CMTrading has an account type to meet those needs.
HOW TO OPEN AN ACCOUNT
Opening an account with CMTrading is straightforward. Prospective traders need to complete an online application form, verify their identity and residence by submitting the necessary documents and then fund their account to start trading.
The whole process is designed to be simple and accessible, able to be completed within one day depending on the deposit method.
DEMO ACCOUNT
CMTrading offers a demo account that simulates real trading with virtual money. This is an excellent way for beginners to practice and get accustomed to the platform without financial risk.
Additionally, the demo account can also be used by more experienced traders who are looking to test new strategies before implementing those on their live accounts.
SOCIAL TRADING AND COPY TRADING
The broker features options for social and copy trading, which allow less experienced traders to mimic the trades of more seasoned traders automatically, thus leveraging the expertise of successful traders. The broker has partnered with Trading Central to provide signals to the account types that offer this service.
Additionally, traders are able to make use of features in MT4, such as Expert Advisors (EAs) to implement copy trading strategies on their live accounts.
COMMISSIONS AND FEES
CMTrading offers competitive spreads and low trading costs. The broker is known for not charging commissions on trades, however, there are fees for overnight positions and withdrawals, which traders should consider.
Overnight fees, known as swap-fees, are charged by all brokers, however, CMTrading offers swap-free account options to traders of the Islamic faith.
Additionally, the broker does charge an inactivity fee on accounts which have remained inactive for a month, however the amount charged is not specified.
LEVERAGE
Leverage at CMTrading varies by account type and instrument but can be as high as 200:1 for certain forex pairs. While this can increase potential profits, it also significantly increases risk.
Traders are encouraged to view the leverage breakdown for each individual instrument on the broker’s website, as not all instruments have access to leverage of 200:1.
WITHDRAWALS AND DEPOSITS
CMTrading supports a variety of payment methods for deposits and withdrawals including major credit and debit cards, bank wire transfers and a wide range of eWallets. The process is generally straightforward, with the company aiming for quick processing times.
The broker does charge fees on deposits and withdrawals, limited to 2% per deposit.
CUSTOMER SERVICE
Customer support is available via live chat, email and telephone. The service is known for its responsiveness and helpfulness, assisting traders efficiently.
The broker has received numerous positive reviews for its customer service, which is available in a variety of different languages, highlighting their commitment to providing their clients with the best possible experience.
SAFETY AND SECURITY
Safety and security are crucial in the operations of CMTrading, underpinned by strict regulatory oversight to ensure a secure trading environment for all clients. CMTrading is regulated by two main bodies:
Financial Services Authority (FSA) of Seychelles
The FSA is the regulatory authority for non-bank financial services in the Seychelles. It is responsible for issuing licenses to brokers and monitoring their operations to ensure they comply with national and international financial standards.
Regulation by the FSA ensures that CMTrading adheres to legal requirements and follows best practices in financial services. This includes maintaining adequate capital, providing regular financial reports and ensuring fair and transparent trading conditions for clients.
Financial Sector Conduct Authority (FSCA) of South Africa
The FSCA is South Africa’s primary financial markets regulator, known for its strict guidelines and oversight in the financial sector. By being regulated by the FSCA, CMTrading is subject to stringent compliance requirements, including client fund protection, financial transparency and ethical business practices.
The FSCA also ensures that the broker provides financial education and promotes financial literacy among its clients, enhancing the overall integrity of the broker’s operations.
In addition to regulatory oversight CMTrading keeps client funds in segregated accounts, separate from the company’s own funds. This is a crucial practice as it protects clients’ money in the event of the company’s financial instability or insolvency, ensuring that clients’ investments are not used for any other purposes.
CMTrading provides various risk management tools, including stop-loss orders and negative balance protection. These tools are essential for traders to manage and limit their risks effectively, especially in volatile market conditions.
To further enhance transparency and reliability, CMTrading undergoes regular audits by independent auditors. These audits ensure compliance with regulatory standards and help maintain operational integrity.
PROMOTIONS
The broker frequently offers various promotions including deposit bonuses, trading contests and referral incentives, which can enhance the trading experience and increase account leverage.
Currently, the broker offers cash back rebates to active traders on the Gold and Premium Account types, while all accounts enjoy welcome bonuses for initial deposits, although the amount is unspecified.
RESEARCH
CMTrading provides market analysis, daily reviews and insights, as well as an economic calendar which are beneficial for making informed trading decisions. However, the scope of research tools might not satisfy the most demanding traders.
Additionally, traders are able to access the wide range of research tools available on the MT4 platform to further inform their decision making.
EDUCATION
The education centre at CMTrading includes webinars, eBooks, videos and daily news that help traders understand the markets and develop trading skills. The training videos offered by the broker are fairly in-depth and will provide new traders a great platform from which they can begin their trading journeys.
Additionally, the broker provides access to senior market analysts and traders depending on the account type that is selected by traders, ensuring a fantastic educational experience for the broker’s clients.
GLOBAL AWARDS
CMTrading has received several industry awards, recognising its services in forex and CFD trading, customer service and innovations in technology.
Some of their most recent awards include the following:
- Best Financial Broker South Africa (2024) – Global Business Review Magazine.
- Best Performing Financial Broker Africa (2024) – Global Business Review Magazine.
- Most Trusted Forex Broker Africa (2024) – Brand review Magazine.
- Best Partner Programme GCC (2024) – Global Business Review Magazine.
- Best Online Trading Platform UAE (2024) – International Business Magazine.
- Most Innovative Forex Broker in GCC and Africa (2023) – World Business Stars Magazine.
The above represent only some of the broker’s recent awards, with over 40 awards being won by the broker since 2017, highlighting the high-quality services offered by the broker.
SAFE OR SCAM?
CMTrading is widely regarded as a legitimate and reliable forex and CFD broker. This perception is strongly supported by its regulatory status and compliance with established financial standards:
CMTrading is regulated by the FSA in Seychelles and the FSCA in South Africa. These regulatory bodies are responsible for overseeing the financial operations of licensed brokers to ensure they adhere to legal and ethical standards.
The presence of regulatory oversight is a significant indicator of the broker’s commitment to transparent and fair trading practices.
The broker adheres to the industry practice of segregating client funds from company funds. This segregation ensures that client assets are protected and cannot be used by the company for its own financial activities, providing an additional layer of security for traders.
Regular audits by independent bodies ensure that CMTrading maintains high standards of transparency and fairness. This helps build trust with clients and reinforces the broker’s reputation as a reliable entity in the financial market.
The broker generally receives positive reviews from its users, particularly in areas like customer support, user-friendly trading platforms and educational resources. While no broker is immune to criticism, the majority of feedback about CMTrading is positive, indicating a satisfactory client experience.
Given these factors, CMTrading is considered safe for trading. The regulatory frameworks, operational transparency and proactive measures to protect client interests all serve to position CMTrading as a trustworthy broker in the competitive world of online trading.
CONCLUSION
CMTrading offers a comprehensive trading solution that caters to a broad audience of traders. With robust trading platforms, a wide range of instruments and a focus on education and customer service, it stands out as a reliable choice for traders looking to engage in the forex and CFD markets.
While it has some areas for improvement, particularly in offering tighter spreads and more trading instruments, its strengths make it a worthy consideration for traders at all levels.
After conducting the above review, the team at Brokersuggest.com can highly recommend CMTrading as a great broker for traders of all experience levels.
