CMStrader Account Type

CMStrader offers several account types tailored to different trading needs and investment levels. The available account types include:

• Mini Account
• Minimum Deposit: $500
• Features: Commission-free trading with fixed spreads. Micro tradeable lots are available.
• Silver Account
• Minimum Deposit: $10,000
• Features: Offers additional benefits such as personal account management and risk management plans.
• Gold Account
• Minimum Deposit: $50,000
• Features: Similar to the Silver Account, with additional perks and potentially floating spreads.
• Islamic Accounts
• Available for traders from Islamic countries, these accounts are swap-free, meaning no rollover interest is applied to overnight positions.

The minimum initial deposit required by CMStrader is relatively high compared to many other brokers, which typically range from $100 to $500. The spreads for the EUR/USD pair are wide, averaging around 3 pips, while most brokers offer spreads between 1.0 and 1.5 pips.

CMStrader Broker Account Opening Process

Opening an account with CMStrader is a straightforward process. Here are the steps involved:

• Registration
• Visit the CMStrader website and click on the "Register" button.
• Fill out the registration form with necessary details such as your name, email, birth date, country of residence, and phone number.
• Verification
• After registering, you will need to verify your account by providing a valid form of identification (government-issued ID or driver's license) and proof of residence (utility bill or bank statement).
• Funding Your Account
• Once your account is verified, you can fund it using various methods, including bank wire transfers or credit/debit cards.
• The minimum deposit required to open an account is $500.
• Demo Account
• CMStrader also offers a demo account option, allowing new traders to practice trading without risking real money.
• Start Trading
• After funding your account, you can start trading on the CMStrader platform, which is available in web, mobile, and desktop formats.

By following these steps, traders can easily set up their accounts and begin their trading journey with CMStrader.