CMG broker Accounts

CMG Account Type

CMG offers several types of trading accounts to cater to different trading needs and preferences. The primary account types available include:

1. Standard Account:

• Minimum Deposit: $250
• Maximum Leverage: Up to 1:500
• Spreads: Starting from 0.2 pips
• Trading Instruments: Over 80 currency pairs, CFDs, precious metals, commodities, and oils.
• Allows for micro lots trading, depending on the financial instrument.

2. Demo Account:

• Available for practice trading without risking real money.
• Provides a virtual cash balance (typically $50,000) to simulate trading conditions.
• Expires after 30 days of inactivity.

Currently, there are no specific Islamic account options mentioned for CMG.

CMG Broker Account Opening Process

To open a trading account with CMG, follow these steps:

1. Visit the CMG Website: Go to the official CMG website.
2. Select Account Type: Choose between a live account or a demo account.
3. Complete the Registration Form: Fill out the required fields, including personal information such as name, email, phone number, and address.
4. Identity Verification: Provide necessary identification documents (government-issued ID and proof of residence).
5. Submit the Application: After completing the form, submit your application for review.
6. Initial Deposit: Fund your account with a minimum deposit of $250 to activate your trading account.
7. Start Trading: Once your account is approved, you can log in and begin trading.