CMTrading Review

CMTrading Review

Founded in 2012, South Africa-based online broker CMTrading provides its clients award-winning service and access to more than 150 tradable assets, including the foreign exchange market (forex), contracts for difference (CFDs), commodities, indices, and cryptocurrencies. The company operates globally with offices in South Africa, Nigeria, Israel, Bulgaria, and Dubai.

In addition to the popular MetaTrader 4 (MT4) trading platform, CMTrading also supports a social trading platform called CopyKat. The broker is great for beginners and provides a variety of trading tools on its website as well as extensive educational resources. Less-experienced traders can benefit from live seminars, weekly webinars, e-books, and many training videos. The broker also delivers daily trading signals and covers the latest market news and events via its blog. While CMTrading services clients in more than 190 countries, currently the broker does not accept US-based customers.

 

  • More than 150 tradable instruments to choose from.
  • The latest and best in trading platforms.
  • Low spreads and high leverage.
  • Regulated and licensed.
  • Multilingual and efficient customer support
  • Low minimum deposit of $100

 

Licensed and Regulated

CMTrading is a licensed and regulated financial broker operating since 2012.

The company is governed by two regulators:

  • South Africa Financial Sector Conduct Authority (FSCA) as CMTRADING under registration number 2013/045335/07,
  • Seychelles Financial Services Authority (FSA) as CMTRADING under Securities Dealer registration number 8425982-1 and under license number SDO70.

CMTrading also has an internal and noncommercial payment processing agent called CMT Processing Ltd. that is based in Limassol, Cyprus.

 

Account Types

You can start trading on a Live Trading Account for $100 and get a basic Bronze Account. It’s important to note that the first deposit permanently sets your account’s currency type – US dollars or Euros. You can choose from five different account types at CMTrading, including an Islamic-tailored account. All accounts include a demo account, market reviews, a CMTrading e-book, and access to webinars. For Silver Accounts and higher, you get access to a dedicated account manager and risk-free trades.

Here are the 5 account types and their features:

Bronze Account (Deposit amount: $1,00-$9,999)

 

  • Demo Account
  • Market Reviews
  • CMTrading eBook
  • Webinars
  • Spreads: Regular
  • VOD: Introduction

 

 

Silver Account (Deposit amount: $1,000-$9,999)

 

Gold Account (Deposit amount: $10,000-$99,999)

 

Premium Account (Deposit amount: $100,000 or more) 

 

Sharia-Compliant Islamic Account: For those practicing the Muslim faith, CMTrading’s Islamic accounts are interest-free and meet all the requirements of Sharia law; these accounts incur no swap charges or interest on overnight positions. In addition, Islamic account holders can only access Sharia-compliant and approved trading instruments.

 

Deposit & Withdrawals options

Several methods of deposits and withdrawals are accepted on CMTrading. About 10 currencies are accepted for transactions.

The following are the accepted payment options:

  • Bank Wire
  • OZOW
  • EFT
  • Skrill
  • Neteller
  • Credit Cards – Visa & Mastercard
  • Mpesa
  • Local Mobile Money
  • Cryptocurrency

 

Privacy & Security

Security

All client information is protected by secure sockets layer (SSL) certification, and the broker uses firewalls on both hardware and software to maximize your data protection and security.

Segregation of Client Funds

All client funds deposited with CMTrading are held in segregated accounts at top-tier banks such as Barclays Bank PLC and Nedbank Group. This ensures that client funds are used only for the client’s transactions and for no other purposes.

Mobile Trading Platforms

CMTrading Mobile App

The CMTrading app is available for iPhone and Android devices. The main features include:

  1. Advanced order management
  2. Quick buying/selling of assets
  3. Live dynamic pricing
  4. Real-time market updates

 

AWARDS

The brand has won multiple industry awards including Best Financial Broker Africa for 5 consecutive years (2017 to 2021).

 

CMTrading’s list of awards includes: 

 

2021 Best Financial Broker Africa – Finance Derivative Awards

2021 Best IB program GCC – Global Business Review Magazine

2021 Best Performing Broker Africa – Global Business Review Magazine

2021 Best Broker Nigeria – Ultimate Fintech Awards

2020 Best Financial Broker Africa – International Business Magazine

2019 Best Broker Africa – Global Brands Magazine

2019 Best Forex Broker Africa – International Business Magazine

2018 Best Forex Broker Africa – Global Brands Magazine

2017 Best performing Broker Africa – Africa Investor

 

Great Customer Service

CMTrading’s multilingual customer service can be accessed in English, Spanish, Chinese, Arabic, and Indonesian. Clients can use the helpful live chat feature via the website. The company can also be contacted 24/7 via 3 international telephone numbers and responds swiftly to emails. You can also visit its offices in Cape Town or Johannesburg in South Africa and Lagos, Nigeria. The broker also responds through social media platforms including WhatsApp, Facebook, Twitter, YouTube, Instagram, and Telegram.

CMTrading Copykat

Whether you’re a beginner or pro, CMTrading’s Copykat allows you to watch, learn and copy the complex strategies used by successful traders. Even if you are new to trading, you’ll have the opportunity to trade like professionals through social trading.

 

  • Follow expert traders and decide if you want to copy them
  • Each time they trade, the same trades take place in your account.
  • When experts you follow profit, so do you
  • Setup automatic trades.
  • Available on mobile, desktop, and APP

 

Pros

  • 150+ tradable assets
  • Low minimum deposit of $100
  • Premium analytics
  • Extensive educational resources
  • Multiple trading platforms
  • Social trading

Cons

  • Not available to U.S based traders
  • Inactivity and withdrawal fees
  • High stock CFD fees
  • Most withdrawal options have a fee

 

 

 

 

up to 100%
no Deposit Bonus

Trade NowTrade Now