CMTrading 2021 review • Benzinga
CMTrading supports the popular MT4 trading platform and offers a wide selection of Expert Advisory (EA) software that traders can use to automate their trading ideas or generate trading signals.
CMTrading also allows clients to use the Sirix Web Trader platform which is a reliable and high quality web trading platform compatible with both iOS and Windows operating systems. Additionally, CMTrading supports CopyKat social trading app for copy and social trading.
The maximum leverage ratio offered on CMTrading is 200 to 1. CMTrading offers online trading to over one million clients worldwide on over 150 tradable assets, including:
CMTrading’s high-quality multilingual customer service is available in English, Spanish, Chinese, Arabic and Indonesian. In addition to the useful live chat feature on its website, CMTrading can be contacted 24/7 via 3 international phone numbers. You can also contact the broker by email or by visiting one of their offices in Cape Town or Johannesburg South Africa and Lagos Nigeria. The broker also responds to inquiries made through social media sites such as WhatsApp, Facebook, Twitter, YouTube and Instagram.
Depending on your level of experience and the amount of money you can deposit initially, you can choose from 5 different types of accounts with CMTrading. All of these accounts include a demo account, market analysis, CMTrading eBook, and access to webinars. For Silver accounts and above, you have access to a dedicated account manager. Below is the list of the 5 types of accounts and their functionalities:
- Bronze Account: This is the basic CMTrading account and requires a relatively high minimum deposit of $ 250. You will get regular forex trading spreads and an intro video on demand (VOD) with this type of account.
- Money Account: This type of account requires a minimum deposit of $ 1,000. The account offers transaction spreads as low as 1.2 percentage points (pips) on EUR / USD, an introduction to advanced VODs, live trading signals and market analysis from Trading Central. You also get a risk-free trade-in and a personal assistant.
- Gold Account: With the Gold account which requires a minimum deposit of $ 10,000, you will have access to EUR / USD trading spreads as low as 0.9 pips, professional VOD introductions, live trading signals and analysis of market by Trading Central and 3 risk-free transactions. Plus, you’ll get an Electronic Communications Network (ECN) account, cash back, and an account manager.
- Premium Account: The CMTrading Premium account requires a minimum deposit of $ 100,000, and you receive all the features described for the Gold account plus a personalized account, access to a trading specialist in addition to an account manager, access to the trading room, the best news and analysis and special offers.
- Sharia Compliant Islamic Account: For people of Muslim faith, CMTrading’s Islamic accounts are interest-free and meet all Sharia requirements, as these accounts do not incur any swap fees or rollover interest on overnight positions. In addition, Islamic account holders can only access Sharia-compliant and approved trading instruments.
For ECN accounts, a minimum mark-up of 0.1 pips applies to market prices as well as a commission of $ 7 per lot applies to all trades. There will also be an inactivity fee of $ 15 per month after 90 days of inactivity in any account.
As CMTrading does not use its own proprietary trading platform, you can use the mobile versions of MT4, Sirix Web Trader, and CopyKat. You can also use EAs through MT4 mobile and get additional compatible trading apps on your mobile device.
CMTrading offers excellent educational resources that cater to novices and seasoned traders alike. In addition to eBooks and free articles, CMTrading has a YouTube channel where you can watch training videos, webinars, live seminars, how-to videos and much more.
CMTrading’s research resources provide traders with a wide range of information and analysis that can be invaluable to experienced traders. For example, CMTrading gives you access to daily market reviews, trading signals, an economic calendar, several different trading calculators (including a Fibonacci calculator and a Pivot Point calculator), fundamental analysis resources and technical and information on tradable assets and trading conditions.
The CMTrading website is intuitive and easy to navigate. It also provides clear instructions on how to download trading platforms and gives clients access to research and education resources.
The broker’s support for the popular MT4 trading platform allows many seasoned traders to use a great platform that they are already very familiar with and that offers versions for desktop, web and mobile devices. MT4 allows you to automate your forex and CFD trading via EAs, develop custom indicators, backtest trading strategies and participate in social trading via CMTrading.
As an alternative to MT4, the Sirix Web Trader platform gives you the ability to trade anywhere through a web app without downloading or installing any software. For traders who want to test strategies or practice trading, a demo account is available and funded with virtual money.
If you prefer to copy other traders, CMTrading’s CopyKat allows you to watch, learn and copy successful traders and their trading strategies. You can access CopyKat through the Sirix Web Trader platform, which allows you to open a Mirror Trader account which allows you to automatically copy the trades of other traders.
CMTrading vs competitors
CMTrading compares favorably to its competition for CFDs and forex trading, and the broker has recently won numerous awards for its offerings, including excellent customer service. Trading Central gives traders access to daily newsletter updates, a research platform and premium analysis. On the downside, CMTrading has a significantly higher minimum deposit of $ 250 compared to many other online brokers, and it charges an inactivity fee.
Other important features that are not often found with other brokers include comprehensive educational resources and access to dedicated account managers for Silver, Gold, and Premium accounts. CMTrading offers its clients a reasonably safe trading environment with competitive trading conditions and decent leverage ratios available in jurisdictions that allow it.
CMTrading’s offerings and services for forex and CFD traders receive a relatively high overall rating of 4.5 stars. The broker’s educational and research facilities are aimed at both seasoned and newbie traders, and this can be tested using a free demo account before committing any funds. CMTrading also offers a maximum leverage ratio and a decent product line. Nonetheless, CMTrading is not available for clients based in the United States, and the broker has a fairly high initial deposit and inactivity fees which negatively affect its rating.
CMTrading video tutorial
You can get an idea of ââCMTrading’s brokerage services through the company’s YouTube channel, where you can watch an introductory video to it. connect.
Frequently Asked Questions
What does CMTrading mean?
What does CMTrading mean?
Jay and Julie Hawk
“Founded by traders for traders” has been the motto of CMTrading since its inception. The broker has a list of recent awards, including Best Financial Broker in Africa for 5 consecutive years (2017-2021) from the Finance Derivatives Awards and Best Broker in Nigeria from the Ultimate Fintech Awards.
How secure is CMTrading?
Jay and Julie Hawk
CMTrading is supervised by 2 regulators, including the South Africa Financial Sector Conduct Authority (FSCA) as CMTRADING under registration number 2013/045335/07, and the Seychelles Financial Services Authority (FSA) as CMTRADING under number of securities broker registration 8425982-1 and under license number SDO70. CMTrading also has an internal, non-commercial payment processor called CMT Processing Ltd. which is based in Limassol, Cyprus.
In addition, all client funds deposited with CMTrading are held in segregated accounts at leading banks like Barclays Bank PLC (NYSE: PCS) and the Nedbank Group. This ensures that client funds are used only for client transactions and for no other purpose. All customer information, the broker’s website and data centers are protected by Secure Sockets Layer (SSL) certification, and the broker uses firewalls on both hardware and software to maximize the protection and security of your customers. data.
0 Commissions and no minimum deposit. Everyone has smart tools to invest smart. Webull supports full extended trading hours, which includes full pre-trade (4:00 am – 9:30 am ET) and after hours (4:00 pm – 8:00 pm ET) sessions. Webull Financial LLC is registered and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). He is also a member of the SIPC, which protects (up to $ 500,000, which includes a limit of $ 250,000 for cash) against the loss of cash and securities held by a client of a brokerage firm. member of the SIPC in financial difficulty.