GLOBAL CM Company

Global CM Forex Broker - Complete Information Guide

1. Broker Overview

Global CM, officially known as CM Globals, is a forex and CFD brokerage established in 2012. The company is headquartered at Suite 118, 252 Russell Street, Melbourne, VIC 3000, Australia. As a privately held entity, Global CM has built a solid reputation in the financial industry, providing a range of trading services to clients worldwide.

The broker primarily serves retail traders and institutional clients, focusing on delivering a robust trading environment. Over the years, Global CM has achieved significant milestones, including obtaining regulatory licenses from prominent authorities, which bolstered its credibility in the competitive forex market.

The company operates under the umbrella of Como Trade Pty Limited and has expanded its services to cater to a diverse clientele, including traders from various regions seeking access to global financial markets. Global CM's business model revolves around offering retail forex trading, contract for difference (CFD) trading, and institutional services, ensuring a comprehensive suite of trading options for its users.

2. Regulatory and Compliance Information

Global CM is regulated by two primary authorities: the Australian Securities and Investments Commission (ASIC) and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

• ASIC License Number: 625 075 498
• FINTRAC Registration Number: M21737310

The licenses granted by these regulatory bodies ensure that Global CM adheres to strict compliance standards, promoting investor protection and market integrity. ASIC's regulations focus on safeguarding client funds and maintaining transparency, while FINTRAC oversees the company's operations in Canada.

In terms of client fund safety, Global CM implements a segregated accounts policy, ensuring that client funds are kept separate from the company's operational funds. This practice minimizes the risk of misappropriation and enhances the security of client investments. Furthermore, Global CM is part of an investor compensation fund, providing an additional layer of protection for clients in the event of insolvency.

The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all clients undergo proper verification processes to mitigate the risk of fraudulent activities.

3. Trading Products and Services

Global CM offers a diverse range of trading products, making it an appealing choice for traders looking to explore multiple asset classes. The broker provides access to over 43 forex currency pairs, including major, minor, and exotic pairs, catering to various trading strategies and preferences.

In addition to forex, Global CM offers a variety of CFD products, which include:

• Indices: Access to major global indices, allowing traders to speculate on market movements.
• Commodities: A selection of commodities, including precious metals and energy products.
• Cryptocurrencies: Trading options for popular cryptocurrencies like Bitcoin and Ethereum.
• Stocks: CFDs on selected stocks, enabling traders to engage with equity markets.

Global CM continuously updates its product offerings, adding new instruments based on market demand and trading trends. The broker provides retail trading services, ensuring that individual traders can access a wide array of financial instruments while also catering to institutional clients through tailored solutions.

4. Trading Platforms and Technology

Global CM supports the MetaTrader 5 (MT5) trading platform, which is widely recognized for its advanced charting tools, technical indicators, and automated trading capabilities. This platform is available for desktop, web, and mobile devices, ensuring traders can access their accounts and execute trades from anywhere.

Currently, Global CM does not offer a proprietary trading platform but focuses on providing a seamless trading experience through MT5. The broker's web-based platform allows for easy access without the need for downloads, while the mobile application supports both iOS and Android devices, providing flexibility for traders on the go.

The broker operates under an ECN (Electronic Communication Network) execution model, which enhances trade execution speed and transparency. Global CM's servers are strategically located to ensure minimal latency and optimal trading conditions. Additionally, the broker supports API integration for automated trading, catering to algorithmic traders seeking to implement advanced trading strategies.

5. Account Types and Trading Conditions

Global CM offers several account types to accommodate different trading preferences and capital levels. The main account types include:

• Co-Basic Account: Minimum deposit of $100, spreads starting from 1.7 pips.
• Co-Class Account: Minimum deposit of $2,000, with spreads from 1.4 pips.
• Co-Pro Account: Minimum deposit of $5,000, offering spreads from 1.1 pips.
• Co-Master Account: Requires a minimum deposit of $10,000, with the best spreads starting from 0.8 pips.

All account types are commission-free, and traders can access a demo account to practice their strategies without risking real capital. The leverage offered by Global CM can reach up to 1:500, providing opportunities for traders to enhance their trading potential. However, the broker also imposes overnight fees on positions held beyond trading hours, which vary depending on the asset class.

6. Fund Management

Global CM supports a variety of deposit and withdrawal methods, ensuring that clients can manage their funds conveniently. The available deposit methods include:

• Bank Transfers
• Credit/Debit Cards
• E-wallets (such as Neteller and Skrill)
• Cryptocurrency Transfers

The minimum deposit requirement varies by account type, with the basic account starting at $100. Deposits are processed quickly, typically within 24 hours, and there are no fees for deposits.

Withdrawals can be made using the same methods as deposits, with processing times ranging from instant to a few business days, depending on the chosen method. However, withdrawal fees may apply, particularly for certain e-wallet transactions. The broker also charges a monthly inactivity fee of $10 for accounts that remain dormant for an extended period.

7. Customer Support and Educational Resources

Global CM provides comprehensive customer support to assist its clients effectively. Support channels include:

• Phone Support
• Email Support
• Online Chat
• Social Media

The customer support team operates 24/5, ensuring that traders receive timely assistance during market hours. Global CM offers support in multiple languages, catering to its diverse client base.

In addition to customer support, Global CM provides educational resources to help traders enhance their skills. These resources include webinars, tutorials, and e-books covering various trading topics. The broker also offers market analysis services, providing clients with daily insights and research reports to inform their trading decisions.

8. Regional Coverage and Restrictions

Global CM primarily serves clients in Australia and Canada, with a growing presence in other international markets. The broker has established regional offices in key locations, including Melbourne and Toronto, to better serve its clientele.

However, Global CM does not accept clients from certain jurisdictions, including the United States, Hong Kong, and specific countries in the European Union. The broker is committed to complying with international regulations and ensuring that its services are accessible only to eligible clients.

In conclusion, Global CM has positioned itself as a reputable forex and CFD broker, offering a comprehensive range of trading products, robust regulatory compliance, and a user-friendly trading environment. With its focus on customer support and educational resources, Global CM is well-equipped to meet the needs of both novice and experienced traders in the global financial markets.