On-line since:
Country of origin:
Regulation:
Payment options:
Minimum account size:
Minimum lot size:
Leverage:
Spreads:
CM Trading is the largest best-performing broker in South Africa. The company offers a wide range of advanced trading solutions and the highest liquidity. Established by traders, the company can boast of rich and long operating history as well as creating simple but lucrative strategies for online trading. The broker gives its clients access to Forex, stocks, and commodity trading.
Trading conditions
CM Trading offers four types of trading accounts: Bronze, Silver, Gold, and Premium. You can learn more about each account type in a special section on the company’s website. The minimum deposit is $250. There is no information about the demo account. The leverage amounts to 1:400, which is typical for this industry. However, its ratio changes depending on the trading volume, currency pairs, and chosen instruments.
On the broker's website, you can find analytical reviews, an economic calendar, electronic manuals, and webinars. Information about contests and bonus programs is not specified.
Trading platforms
CM Trading clients can choose between two following trading platforms: MetaTrader 4 and Sirix Web Trader.
Support service
You can contact CM Trading support team via live chat, email, or one of the international phone numbers.
Deposit and withdrawal of funds
Traders can top up their trading accounts via credit cards and wire transfer, as well as via Neteller, CashU, and FasaPay payments. In order to withdraw funds, the broker's clients should make a withdrawal request from their personal manager.
Feedback
We were able to found just a couple of reviews about cooperation with CM Trading on the Internet. Notably, some traders left positive reviews claiming that trading with this broker enabled them to score big gains. However, others complained about the poor quality of services and disruptions in the trading platforms.
Advantages and disadvantages
Pros:
- regulated broker
- advanced trading platforms
- great variety of trading accounts
Cons:
- uninformative website
- no demo account
- controversial comments on its work
Conclusion
Despite the fact the CM Trading offers quite favorable trading conditions, it remains unknown in the forex industry. Additionally, a South African license outside the country gives little credibility to traders in case of any problem. There are also negative reviews about the broker. The procedure of profit withdrawal is also too long and inconvenient (you need to make a request and wait for approval of your personal manager).
