(5 out of 5 stars from 5 Reviews)
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CM Trading is a foreign exchange brokerage powerhouse with headquarters in South Africa. It’s offering includes a wide array of tradable assets – including forex pairs, shares, cryptocurrencies and commodities.
In a nutshell: CM Trading provides an award-winning service of the highest caliber with swift order execution, highly competitive pricing and multilingual customer support. The company is one of the largest forex brokers in South Africa and it has been awarded the best-performing broker for 3 years in a row.
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About CM Trading
CM Trading was incorporated in 2012 in Johannesburg, South Africa and it has since grown into one of the largest and most trusted brokers in the region. The broker is licensed by the prestigious Financial Services Conduct Authority (FSCA) in South Africa to provide retail and institutional clients with direct access to the financial markets.
The company has a proven track record, a knowledgeable trading and customer support team and its continued compliance with the FSCA directives are just a few of the reasons why it’s such a trustworthy brand across the region.
Regardless of account type, CM Trading competitive terms and conditions to all its clients including 1:200 leverage to control larger positions, free daily market analysis and one-on-one coaching.The broker’s carefully structured accounts provide the best bang for your buck and are tailored to meet the needs of all traders no matter their background or skill level.
Each account also has a demo equivalent where clients can trade risk-free using virtual money to test out their strategies. If the account’s benefits are suitable for your trading strategy, you can then request to switch to a live trading account and trade with a real deposit.
CM Trading guarantees a best-in-class trading experience for both beginner and experienced traders regardless of trading volume or assets traded.
The broker’s all-inclusive philosophy is also evident in its initiative to provide no-interest and no-commissions accounts to all Muslim clients. With an Islamic Account, investors who are keen to take advantage of the opportunities in forex but remain Shariah-compliant, can do so without paying or receiving interest and enjoy trading forex free from any and all commissions.
CM Trading offers the most advanced and efficient trading platforms to equip its clients with all the tools required to succeed in the financial markets.
MetaTrader 4 (iPhone/Mac OS, Windows/Android)
While the broker doesn’t offer a proprietary trading platform, the user-friendly and intuitive MetaTrader 4 is the gold standard as far as forex trading platforms are concerned, and its versatile ecosystem of technical indicators and trading robots can be incredibly useful for both beginner and seasoned traders.
CM Trading supports the MetaTrader 4 on all desktop and mobile devices and clients will definitely find trading with the brokers additional plugins and tools more than satisfactory.
Sirix Web Trader
Even if you don’t own a supported device or can’t access your desktop or smartphone for some reason, with CM Trading you can still access the markets through the Sirix Web Trader. Available through any modern web browser, you can login to your account via the Sirix Web Trader and open and modify positions as you would normally.
The broker also has available a social trading platform, aptly named CopyKat, where clients can connect with a huge community of experts and copy their traders or invest in their strategies for a modest fee.
Copy Trading is a very popular approach to forex trading and the majority of investors have found success through copying the strategies of more experienced traders instead of trading on their own.
- Forex pairs. You are able to trade 50 currency pairs with this broker including EUR/USD, GBP/USD, USD/CHF etc.
- CM Trading offers more than 10 of the most popular commodity markets including silver, gold, crude oil, sugar and coffee.
- Trade 17 of the largest indices in the world including S&P 500, NASDAQ 100 and the Dow.
- CM Trading offers more than just tech stocks like Apple, Google and Amazon. The broker also offers stocks in the best-performing companies in the cannabis industry such as Aurora Cannabis, Cronos Group and Canopy Growth.
- Bitcoin and altcoins like Litecoin, Ripple and Ethereum can also be found in CM Trading’s trading instruments.
Deposit and Withdrawal Methods
Clients can fund their CM Trading account via Wire/Bank Tranfer, debit/credit card, CashU, Neteller, Fasapay, or crypto wallet. Withdrawals are made to the same deposit method and are processed on the same day of request. However, depending on the payment provider used, you may have to wait a couple of days for it to appear in your account.
Education and Market Analysis
CM Trading really shines for its initiative to provide clients with accurate information about the financial markets. The broker provides extensive learning resources through the dedicated education section on its website where clients can access training videos, educational webinars and a trove of other useful materials.
Aside from the education portal, each client can request a one-on-one coaching session with the broker’s trading specialists who can guide you through the markets and provide you with exclusive forex trading tips.
The broker also posts daily market analysis videos on YouTube where an expert team of traders and analysts cover the most important economic developments of the day which you can use to catch up with the markets before your trading session.
Given its long running success on such a scale, CM Trading can definitely be considered a trustworthy broker worthy of your business. Clients are loyal to the broker and their reviews and testimonials prove that their experience was a positive one. We have found that their support is exceptional and their pricing is fair and competitive and therefore can highly recommend this broker.
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- Recommended online trading sites
- About CM Trading
- Account Types
- Trading Platforms
- Sirix Web Trader
- Tradable markets
- Deposit and Withdrawal Methods
- Education and Market Analysis
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