CM Trading Review – Reliable Broker or Scam?

A broker regulated by the FCSA, CM Trading offers international brokerage services on a variety of financial instruments. The broker is still trying to make a name for itself, but it already has the potential to be among the best. Can the trading platform be trusted? The answer is yes. More details on its offerings in this CM Trading review.

Who is CM Trading?

CM Trading is a South African online broker established in 2011 in Johannesburg. Today, it ranks among the best brokers on the African continent by offering a fairly comprehensive offering. It allows you to have an online trading account as well as to trade on the best assets on the market while benefiting from the best possible prices. Thousands of investors around the world have already trusted him.

This brief description of the broker shows us that it looks quite reliable. But before giving you an opinion on CM Trading, what about its brokerage offers? We tell you more.

Is CM Trading A Market Marker or An ECN Broker?

CM Trading offers No Dealing Desk services, which means that it falls under the category of ECN brokers. Therefore it offers you direct access to trading on the market, without manipulation of spreads. This allows you to have the actual prices practiced on the underlying assets at the time of placing your orders.

CM Trading Business Overview

Summary of essential data on the broker's trading activity and offers:

The Levers Offered

For this CM Trading review, it is also a question of taking a close look at the levers offered by the broker. And the fact that is made is that it is only possible to benefit from the investment margins of the online Forex broker. The ceiling was set at 1:200, which is very far from the standards of the best platforms, which is a shame.

The Different Financial Instruments

The broker offers a few asset classes and allows its clients to take advantage of several financial investment choices. Among these are:

• Currency pairs (Forex) : More than 50 assets and derivative products available;
• Raw materials : Metals, agriculture and petroleum;
• The clues : 15 stock market indices including the NASDAQ 100, the S&P 500 and the CAC 40;
• The actions : Nearly 60 of the largest US, European and Asian companies.

Deposits and Withdrawals

After examining CM Trading, here are the means available for deposits and withdrawals of funds on its platform:

• Bank transfer: the minimum amount to deposit is $200 while the ceiling is set at $20;
• Credit/debit card: Visa and Mastercard;
• Neteller;
• M-pesa;
• OnlineNaira;

The South African broker allows the use of other payment methods than those offered. To do this, you must contact customer service and they will give you the procedure to follow.

All withdrawals of funds on the platform are processed and available within 24 hours of the request.

How to Contact CM Trading?

The means of contacting customer service are very important, especially when dealing with an online investment platform. Those found in the writing of this CM Trading review are as follows:

• Telephone: +44 203 318 2176;
• Live Chat: On the CM Trading website;
• E-mail : [email protected] ;

According to reviews, and after experimentation on our part, CM Trading's support is quite responsive. We can somewhat criticize the lack of professionalism, but this does not really impact the quality of service.

Can CM Trading be Trusted?

If you are reading this CM Trading review, it is partly to get an answer to this question. After some checking, the answer is yes. The FCSA regulatory license in his possession indicates a certain seriousness in his activities. Even if it seems very meager compared to the best Forex brokers like Axi, the latter proves to be sufficient to make it a reliable broker.

Scams Listed On CM Trading?

You had to look closely at this aspect before ensuring that the broker is reliable, it is not a trading scam. It was a question of examining the review sites as well as the discussion forums on CM Trading, and no particular problem of this order was noted. The online brokerage site can boast of offering you a safe investment offer.

Broker Regulations

Licenses are a great way to judge whether a broker is reliable and safe. As we introduced a little above, CM Trading only has one. The latter is that of the Financial Sector Conduct Authority (FCSA). It is a fairly serious organization with several renowned financial establishments under its umbrella.

CM Trading France, does it exist?

We have not identified any branch of CM Trading established in France. In addition to this, the broker's site is not available in French. Although the platform is intended to be international, this causes it to lose a lot of points with French-speaking traders.

Is CM Trading An AMF Broker?

CM Trading does not appear on the AMF's blacklist of financial operators to avoid. This means that its activities do not violate any rules of the institution on the protection of investors and their capital. Traders on national territory can therefore trade with this broker.

What Protections For Client Funds?

The only security guarantee on which the broker communicates is the following:

• Segregation of accounts: This implies that client funds are saved in separate accounts from that of the broker. Any risk of confusion in the establishment's capital is thus avoided.

Other important guarantees, such as recovery in the event of the institution's bankruptcy, or protection against the negative balance seem not to be present. Knowing their importance, this can only take points away from CM Trading in this review.

What Protections For Customer Data At CM Trading?

The broker ensures that all information and details of banking transactions on the platform are not saved on any of its servers. The data stored is the last 4 digits on credit/debit cards to ensure verification during future payments. This is the protection that CM Trading guarantees in this context, which is still very meager in our opinion.

The Different Rewards

CM Trading is positioned on the brokerage market as a leader on the African continent. This has earned him some distinctions that take precedence over the quality of his services. Among these, we can find:

What Accounts Are Available At CM Trading?

There are a total of 4 online investment client access offers offered by the broker. Bronze Account, Silver Account, Gold Account and Premium Account. More details on their specificities below.

The Bronze Account

This is the CM Trading client access intended for amateur or beginner traders. This offers the bare minimum in terms of trading offers. It still allows you to benefit from:

• Review of the market and its prices;
• Investment range between $ 250 et $ 999 ;
• Regulated spreads (stabilized by the broker);
• Access to interactive online seminars organized by the broker;
• Using MetaTrader 4, CopyKat and 1X1 Trading as investment platforms.

Silver Client Access

This trading account takes the basics of the Bronze offer and adds a few features.vantageadditional s. It gives, among other things, access to:

• A review of the market and its prices;
• An investment range between $1 000 et $9 999 ;
• Spreads from 1.2 pips ;
• Two currencies to choose from EUR or USD;
• Access to interactive online seminars organized by the broker;
• 1 risk-free investment;
• Using MetaTrader 4, CopyKat and 1X1 Trading as investment platforms;
• 1 personal assistant.

The Gold Module

This is the first account in the CM Trading module hierarchy to offer full ECN No Dealing Desk access. It is intended for investors with serious capital and allows them to take advantage of privileged access to the stock market. With the latter, you benefit from:

• Review of the market and its prices;
• Investment range between $10 000 et $99 999 ;
• Spreads from 0.9 pips ;
• Two currencies to choose from EUR or USD;
• Access to interactive online seminars for professionals;
• 3 risk-free investments;
• Using MetaTrader 4, CopyKat and 1X1 Trading as investment platforms;
• 1 personal assistant.

Premium Account

This is the complete ECN offering for professional and corporate traders. It combines all the best the broker can offer. With the premium account at CM Trading, you are entitled to:

• A review of the market and its prices;
• Investments of $100 000 and more ;
• Spreads from 0.9 pips ;
• Two currencies to choose from EUR or USD;
• Access to interactive online seminars for professionals;
• 3 risk-free investments;
• Using MetaTrader 4, CopyKat and 1X1 Trading as investment platforms.
• 1 personal assistant;
• A personalized account;
• Access to the trading room;
• Latest news and market analysis;
• Special offer.

What account do you recommend CM Trading for?

It's not really the broker we recommend, but if you have to choose a trading account on the platform, opt for the Gold offer. This is customer access with the best value for money. It offers you attractive spreads with a rather attractive investment range. It is the perfect module for retail traders with relatively average capital.

What Fees Are Present At CM Trading?

The main trading fees you will have to pay are as follows:

• spreads : They result from the difference between the Bid price and the Ask price of financial assets. They come in the form of pip points and are variable based on real-time market values. Also, these are the trading fees.
• Commissions : They are taken by the broker during your money transactions.
• swaps : These are the costs of maintaining your positions from one session to another. They depend on the underlying asset and the percentage to be taken is calculated and then debited by the broker.

Some CM Trading Fees

Here are some examples of fees that you can find on the platform:

The Trading Platforms Available At The Broker

The brokerage software and applications offered by CM Trading are as follows:

MetaTrader 4

CM Trading offers you the opportunity to open a trading account on the popular MetaQuotes forex trading platform. It embeds nearly 30 technical indicators including those for trend analysis and oscillators. It will also allow you to benefit from fluid and fast trades with an automation option thanks to the Expert Advisors (EA) plug-ins. MT4 is available on Mac, Windows PC and mobile (iOS/Android).

Sirix platform

It is the forex trading platform developed internally by the South African broker. It allows between and others to benefit from:

• Live trading tips;
• Software available 24/7;
• Ability to use multiple accounts;
• Encrypted services.

Slippage and Order Execution

CM Trading is primarily an ECN broker. This means that your day orders may experience a slight lag between the time you place them and the time they are taken into account by the market. The broker has not communicated on this point to give you tips to avoid this, which is a shame. On the other hand, other platforms of the same type such as Vantage, offer you more controlled slippages.

The Trainings Offered By CM Trading

For this CM Trading review, we also looked at the education component of the platform. It appears that the broker offers:

• Webinars;
• Training videos: these come in the form of accompanying lessons;
• An ebook on the basics of Forex investing;

NB: No CM Trading training content is available in French.

Calculator and Trading Tools Offered by CM Trading

The broker does not have a trading calculator on its platform. Functionality highly appreciated by investors, it makes it possible to accurately determine the sums to be committed during a trade. Other tools present can still try to compensate for this lack. For instance :

• The Economic Calendar : it is a synthetic overview of the movements that influence stock market values ​​on a daily basis.
• social trading : it is a function that allows investors to copy the investments of more experienced traders.
• Trading signals : these are strategic investment suggestions using trend entry points on an asset.
• Guardian angel : Free function that allows you to stay informed about stock market movements using instant notifications.

Avantages and Disadvantages of CM Trading

Here is a recap of the positives and negatives of CM Trading observed in this review.

Does CM Trading Offer A Welcome Bonus?

The South African online broker offers its new customers 100% bonus on their first deposits.

Which Affiliate Options At CM Trading?

Communication around the CM Trading affiliate program leaves something to be desired. The broker does not have any page on its website that offers information on this subject. By dint of research, we were able to discover that the online broker allows companies and individuals to join as an IB (Introducing Broker). This is the only data we could find.

Comparison of CM Trading vs Other Brokers

Would you like to have a perspective on CM Trading's offer compared to other similar brokers? Here is a comparison that will help you.

As you may have noticed in this CM Trading review and this comparison, the broker's offer still has some shortcomings.

Conclusion: What do you think of CM Trading?

At the end of this CM Trading review, can we say that it is the best broker? Based on everything that has been said during this review, the answer is no, just like we can read in the Global Prime reviews. Even if the online broker offers a fairly interesting trading offer, it is not the platform that we recommend. The fact that its site and training courses are not available in French is a huge negative point for the broker. In addition to this, it does not offer leverage for all asset classes. It is partly for these reasons that Vantage is a much better alternative.

Is CM Trading a Reliable Broker?

The online broker has a regulatory license, which makes it a serious trading platform. Yes, it can be considered reliable.

Is CM Trading an ESMA Broker?

In view of his brokerage offers, it is difficult to say. The institution requires certain guarantees of transparency from its brokers, such as protection against negative balance and the capping of leverage at 1:30. So we can say that it is not one.

What is the Best Trading Platform at CM Trading?

MetaTrader 4 is the best trading software offered by the broker.

What Are the Best Alternatives to CM Trading?

We can advise Vantage and Axi. These brokers offer better brokerage offers than CM Trading.

Do you have further questions about CM Trading or would you like to share your experience on the platform? leave a comment