CMTrading is regulated Forex and CFDs broker that gives different trading opportunities to the traders with various platforms and products. CMTrading broker is South Africa FSB regulated and with this broker, beginner and expert traders can experience a professional trading environment in many markets. CMTrading has also received different prestigious awards in the industry and its trading execution is supported by Metatrader4 and Sirix platforms.
Read our review to discover what makes CMTrading stand out from the rest of offers in South Africa – and understand what the broker offers in case you choose to trade with them.
CMTrading Account Features
The registration process with the CMTrading broker is very simple. You must enter your name, last name, password, email address, and the currency in which you want to trade. What CMTrading makes a special choice is a number of different types of accounts you can use and we choose to do a list and explain each of them just for you:
CMTrading Mini Account
- $250 – $999 Deposit Amount
- Basic Spreads
- 1:200 Leverage
- CMTrading e-book
- Market Review
CMTrading Standard Account
- $1000 – $4999 Deposit Amount
- Lower Spreads
- CMTrader debit card
- Different Forex webinars
- 1 Free Risk Trade*
CMTrading Executive Account
- $5000 – $24999 Deposit
- More Lower Spreads
- VIP CMT debit card
- Technical + fundamental analysis
- 2 Free Risk Trades*
CMTrading Gold Account
- $25000 + Deposit
- Super Low Spreads
- Instant (daily) withdrawals
- More trading strategies
- Full webinar options
- 3 Free Risk Trades*
CMTrading Islamic Account
This type of account is always respecting Shariah Law and all features and settings are in accordance with Shariah rules. As already known, Islamic accounts are strictly made for Muslim clients and they cannot be charged for additional financial penalties. Also, Islamic accounts contain the same number of settings and assets that are allowed for trading as well as regular accounts.
CMT Forex Signals
It is important to note that besides these listed features, CMTrading also has a Forex Signal tool. Signals are recommendations that a trader can accept or decline at any time. The benefit is that they are generated automatically and individually and you do not need to do a detailed market analysis to use them. It is your decision to accept or decline them.
Also, the popular feature that is used by many traders nowadays is social trading. In this case, CMTrading provides a service called CopyCat. Once you are in Sirix Platform, you have the right to choose this social trading feature. All you have to do is click the “Join” button and that’s it! Some of the most successful traders share their statistics and trading and you can fully copy them. Also, there is a mirror option where you can fully copy all future trades that a specific trader will set up on their account.
This broker also provides certain bonuses, but it is very important to study the FAQ and Terms and Conditions to be fully informed about the bonus requirements. The bonus can be up to $ 1000, but it is necessary to reach a certain trading volume in order to pay off the bonus.
As we have already mentioned at the top of this review, there are different platform types that traders can use, such as Metatrader4 platform, webtrader, mobile MT4 and Sirix web trader.
CMTrader MT4 Platform
To trade via the MT4 platform on CMTrading, it is necessary to download it. This will certainly create some difficulties for some Mac users, but there are different emulators with which the ultimate goal can be achieved. Also, MT4 platforms are available through Apple and Google mobile applications.
CMTrader Sirix Platform
Sirix platform is a different kind of a platform than MT4. It is popular among traders because it doesn’t need to be downloaded. It can be used with any browser and device with internet connection. With this kind of a platform, mirror trading is available and integrated so no further action is required from traders in order to start with social trading.
With CMTrading broker, Forex, CFDs, and currencies are available for trading. Other than this, traders can trade with different indices and commodities to explore more than standard set of currency pairs available.
CMTrading Support Information
Customer Support is a very important feature for a large number of traders. At the time of writing this review, we contacted CMTrading customer support team and were surprised by the speed and the knowledge of the agents. They were very useful and they answered on us every question.
At any moment, traders can ask for a help on customer support live chat. Also, there are alternative options like e-mail and telephone numbers that are listed on the website.
CMTrading Payment Methods
CMTrading broker is regulated and licensed is owned by Blackstone PTY in South Africa. The license number is FSP 38782. It is important for every trader to verify their account and they can do that by simply sending a set of required documents.
In order to make a deposit, traders can use several deposit methods as Credit/Debit cards, Bank wire, CashU, Netteler, and Fasapay.
Account currencies available for trading are USD and EUR. Minimum deposit to use CMTrading is $250.
Minimum withdrawal amount with CMTrading broker is $20. It is usually processed in about 2-3 business days and the requests are placed through the broker website.
We were pleasantly surprised by all features and tools that CMTrading offers. Their Trading Platform with high technology interface will provide enjoyable trading experience for beginners and market experts. This award-winning broker will surely refresh your trading mode and give you the chance to use a feature that you can not find with other brokers. As CMTrading continues to upgrade their trading options and platforms we can only expect great things in the future!
*Risk-Free Trades needs to be tagged in the comment section before placing the trade. If you are not sure how to do that, please contact customer support. These trades usually last for 24 hours and if the position for a specific trade is closed during that time, the loss will not be deducted from the trader’s account.
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