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CM Broker Review

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CM Review 1

Latest All(1) Exposure(1)
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They cheat u

When I tried to withdraw funds, everything became problems.

FX3573773317
2021-06-24

  

CM Trading 2025 Review: Everything You Need to Know

  CM Trading has established itself as a notable player in the online brokerage scene, particularly within the African market. The broker is recognized for its user-friendly platforms and a range of educational resources. However, potential traders should be aware of the regulatory landscape and varying user experiences associated with this broker.

  Note: It is important to highlight that CM Trading operates under different regulatory entities depending on the region, which may affect the level of protection and service quality offered to clients.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 8
Customer Service and Support 6
Trading Setup (Experience) 7
Trustworthiness 7
User Experience 6

  We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2012, CM Trading is based in Johannesburg, South Africa, and operates under the regulation of the Financial Sector Conduct Authority (FSCA) of South Africa and the Financial Services Authority (FSA) of Seychelles. The broker primarily offers access to the MetaTrader 4 (MT4) trading platform, known for its robust trading capabilities and extensive analytical tools. CM Trading provides a variety of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies, catering to both novice and experienced traders.

  

Detailed Section

  

Regulated Geographic Areas

  CM Trading is regulated in South Africa and Seychelles, which may limit its appeal to traders in regions with stricter regulatory environments, such as Europe and the United States. The FSCA is considered a reputable regulatory body, but the lack of multi-jurisdictional regulation can be a concern for some traders.

  

Deposit/Withdrawal Currencies

  CM Trading supports several currencies for deposits and withdrawals, including USD, EUR, GBP, and ZAR. The broker also accepts cryptocurrencies for transactions, which adds a modern touch to its payment options.

  

Minimum Deposit

  The minimum deposit required to open an account with CM Trading is $100, making it accessible for new traders. However, higher-tier accounts, such as Silver, Gold, and Premium, require significantly larger deposits ranging from $1,000 to $100,000.

  

Bonuses/Promotions

  CM Trading frequently offers bonuses and promotions, including a welcome bonus of up to 100% for new clients. However, traders should carefully read the terms and conditions associated with these promotions, as they can vary.

  

Tradable Asset Classes

  Traders can access a wide range of asset classes, including over 50 currency pairs, commodities like gold and silver, indices such as the S&P 500, and a selection of cryptocurrencies. This diverse offering allows traders to construct varied portfolios.

  

Costs (Spreads, Fees, Commissions)

  CM Trading operates on a commission-free model, with costs primarily derived from spreads. The average spread for major currency pairs like EUR/USD is around 1.6 pips. However, some sources indicate that spreads can vary significantly based on account type, with higher-tier accounts enjoying tighter spreads.

  

Leverage

  The broker offers leverage of up to 1:200, which is standard in the industry. However, users should exercise caution when utilizing high leverage, as it can magnify both profits and losses.

  

Allowed Trading Platforms

  CM Trading primarily utilizes the MetaTrader 4 platform, which is widely regarded in the trading community for its functionality. Additionally, the broker offers a web-based platform and a social trading feature called CopyKat, which allows users to mimic the trades of successful traders.

  

Restricted Regions

  CM Trading does not accept clients from the United States, Canada, or several European countries, which may limit its reach and appeal to a global audience.

  

Available Customer Service Languages

  CM Trading provides customer support in multiple languages, including English, Arabic, and Russian. However, user reviews indicate that the quality of customer service can be inconsistent, with some users reporting delays in response times.

  

Ratings Recap

Category Rating (out of 10) Explanation
Account Conditions 7 Offers a range of account types but requires higher deposits for premium features.
Tools and Resources 8 Strong educational resources and trading tools available.
Customer Service and Support 6 Mixed reviews on responsiveness and helpfulness.
Trading Setup (Experience) 7 Generally positive trading experience, though some users report issues with execution during volatile periods.
Trustworthiness 7 Regulated by FSCA, but limited multi-jurisdictional oversight.
User Experience 6 User-friendly platforms but some complaints about service quality.

  

Detailed Breakdown

  Account Conditions: CM Trading offers various account types, including Bronze, Silver, Gold, and Premium, with minimum deposits ranging from $100 to $100,000. While the lower-tier accounts are accessible, the benefits of higher-tier accounts are more appealing to serious traders.

  Tools and Resources: The broker provides a wealth of educational materials, including webinars, e-books, and daily market analyses, which can greatly benefit traders looking to enhance their skills.

  Customer Service and Support: While CM Trading offers support in multiple languages, user feedback suggests that the quality of service can be inconsistent. Some users report quick response times, while others have experienced delays.

  Trading Setup (Experience): Overall, user experiences with trading on CM Trading's platforms have been largely positive, though execution can be affected during high volatility.

  Trustworthiness: CM Trading is regulated by the FSCA, which provides a level of security for traders. However, the lack of multi-jurisdictional regulation may be a concern for some.

  User Experience: The platforms are generally user-friendly, but there have been mixed reviews regarding the quality of customer support, which can impact the overall user experience.

  In summary, CM Trading presents itself as a reliable broker with a solid range of trading instruments and educational resources. However, potential traders should carefully consider the regulatory implications and user feedback regarding customer service before making a decision.