In the Forex Trading world, scams are pretty common. Such frauds usually occur when people deal with an uncertified brokerage house. To prevent huge losses, make sure to trade only with a licensed and registered broker. It is actually easier as there are over 200 to choose from.
When talking about certified brokers, CM Trading is a name always mentioned. If you are unfamiliar with it, we will provide you with the updated information. With that said, here’s all you need to know about the broker!
A Detailed Guide for CM Trading Broker 2021
- Is CM Trading Safe?
First things first, is the broker even legit? Well, the simple answer is yes. CM Trading is a popular brokerage company situated in South Africa. It was established in 2012 and operates under Global Capital Markets Trading (South Africa (Pty) Ltd). Therefore, it is a certified and licensed broker.
Moreover, it is regulated by FSCA (Financial Sector Conduct Authority), which is considered one of the most renowned regulatory entities. The broker is also the winner of the Best Financial Broker Africa 2020 award. - CM Trading Account Types
The most exciting part about the broker is the variety of account types. While you may have seen the traditional standard and pro accounts, CM trading takes one step further. You get to choose from four different accounts, including Bronze, Silver, Gold, and Premium.
All of these come with different features. For instance, a bronze account requires a $1000 minimum deposit and works with regular spreads. The silver account has a $1,000 initial price with 1.2 pips of spreads.
On the other hand, you get a Gold account with a $10,000 initial deposit and 0.9 pips of spreads. Lastly, the premium account has a $100,000 minimum requirement with tons of interesting features, such as customized accounts, special offers, analysis, etc. - CM Trading Platforms
The broker supports the most popular trading platform, MetaTrader 4. It is easy to use and ideal for beginners.
The Sirix Web Trader is also available, which is more suitable for advanced traders. It works on both macOS and Windows.
Last but not least, CopyKat is another platform featured by CM trading. Its main benefit includes direct messaging from the broker about the market trends and other forex information. - CM Trading Deposit and Withdrawal Options
With CM trading, you are not stuck with a single deposit or withdrawal method. Instead, you have the following options: - Credit / Debit Card
- Neteller
- Bank Wire Transfer
- Ozow
- Fasapay
- M-Pesa
- EFT
- Other Features of CM Trading
CM Trading has a demo account that allows you to use the broker’s services for 30 days without any cost.
They offer active customer support in three different languages, English, Russian, and Arabic. You can get in touch via live chat, email, WhatsApp, social media, etc. - CM Trading Pros and Cons
Pros- A Trusted and Safe Broker
- Has lower spreads
- Offer Islamic and Demo Accounts
- Convenient for both intermediate and experienced traders
Cons
- Not compatible with MT 5.
Conclusion
While you may have come across various shady traders, you can ensure safety with CM trading. The review above will provide further answers to your questions about the broker and its working conditions.
