Minimum Deposit: $250
Maximum Leverage: 1:200
Hello my friends! Today I am going to introduce you to CM Trading in this article. CM Trading is the Brand name of Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA).
In this CM Trading review, I will give you all information about the broker’s spreads, leverage, minimum deposit, account types.
You can also take the answers to these questions: Is CM Trading scam or reliable? How are the trading conditions such as leverage, spreads, minimum deposit?
What are the account types offered by the broker? Is CM Trading regulated or not? You are going to find the answers relevant sections. Let’s start with regulation and investor protection.
Regulation and Investor Protection
CM Trading is a South African forex and CFD broker who stands in 14th Floor Sandton City Office Tower 9, Corner Rivonia Road and 5th Street, Sandton, Johannesburg 2196, South Africa.
Providing a safe and secure trading environment is one of the most important things that investors need when they choose a forex broker.
The broker is under the regulation of the Financial Sector Conduct Authority (FSCA) South Africa as a juristic representative of FSP 38782 Blackstone Marketing SA (PTY) Ltd. So, it means CM Trading is a regulated forex broker.
The Financial Sector Conduct Authority (FSCA) is the only regulatory body for financial institutions in South Africa such as latter include banks, retirement funds, administrators, insurers, and market infrastructures.
The FSCA is a well-known and respected authority in Africa, as it aims to ensures the clients’safety. Due to its strict guidelines, only 81 brokers have been able to obtain this prestigious license so far.
CM Trading is an FSCA approved broker since 2012 and they strive to provide their clients with a secure trading environment. In addition, the broker provides all their client funds are held in segregated accounts.
I also checked the license on the FSCA website, you can see it on the below image.
Account Types and Spreads
CM Trading offers its clients four trading accounts. These account types are Mini, Standard, Executive and Gold accounts. In addition, the broker offers a swap-free Islamic account. There is also a demo account for test the broker with virtual $50 000.
Mini account offers $250 minimum deposit. Maximum leverage for this account is 1:200. Minimum trade size is 0.001 lots.
Standard account offers $1000 minimum deposit and maximum leverage 1:200. Spreads are from 1.5 pips for EUR/USD.
Executive account offers $5000 minimum deposit. The leverage is 1:200 too. There is no information about the spreads and minimum trade size.
Gold account is the last account and it offers $25000 minimum deposit. Maximum leverage is the same 1:200.
There are various trading instruments including forex, commodities, indices, equities, stocks, and Cryptocurrencies. Some Cryptos are Bitcoin, Litecoin, Ripple, Ethereum.
CM Trading provides a user friendly web and mobile MetaTrader 4 apps, award winning trading platforms, MT4 user manual, CopyKat system, economic calendar, technical analysis and much more.
There is also the Sirix platform. It is a web platform that can be used without having to install it. It can be used also Sirix mobile application.
As many forex broker, CM Trading offers the most popular trading platform MetaTrader 4. It is the most popular platform among traders; it provides a wide variety of useful information, fully customizable and automated.
The MetaTrader 4 program has a built-in convenient and user-friendly format and contains all advanced tools for trading including technical analysis tools, advanced trading orders and many possibilities for customizing charts. In addition, you may add custom-made automatic trading strategies (EAs) and indicators.
The broker offers different deposit and withdrawal options to its clients. These are wire transfer, credit/debit card, CashU, Neteller and Fasapay.
CM Trading works with numerous banks around the world. Your withdrawal requests will be sent to the Finance Department. The Finance Department will contact you by email within 24 hours.
CM Trading is a duly regulated South African forex broker who offers various trading account. The trading conditions are not very good but it is average.
It looks like a reliable company. It offers the most used trading platform MetaTrader 4. It offers wide range of trading products and payment methods.