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CM Trading Broker Review 2024

User-Friendly Platform & Strong Support

Written by Constantin T.

Fact-checked by Dominic T.

Updated June 2024

CM Trading is a reputable and well-established online brokerage that has gained popularity among traders for its comprehensive suite of services, user-friendly platforms, and strong regulatory oversight. Founded in 2012, CM Trading offers a broad range of financial instruments, including forex, commodities, indices, and cryptocurrencies, catering to both novice and experienced traders. As a globally recognized broker, CM Trading is particularly known for its emphasis on client education, personalized trading experience, and advanced trading tools. In this CM Trading review, we provide an in-depth analysis, based on our rigorous and self-tested approach, to help you determine if it is the right broker for your trading needs.

Is CM Trading Available in My Country?

Check if CM Trading is available in your country:

    • Afghanistan
    • Åland Islands
    • Albania
    • Algeria
    • American Samoa
    • Andorra
    • Angola
    • Anguilla
    • Antarctica
    • Antigua and Barbuda
    • Argentina
    • Armenia
    • Aruba
    • Australia
    • Austria
    • Azerbaijan
    • Bahamas
    • Bahrain
    • Bangladesh
    • Barbados
    • Belarus
    • Belize
    • Benin
    • Bermuda
    • Bhutan
    • Bolivia
    • Bonaire, Sint Eustatius and Saba
    • Bosnia and Herzegovina
    • Botswana
    • Bouvet Island
    • Brazil
    • British Indian Ocean Territory
    • Brunei Darussalam
    • Bulgaria
    • Burkina Faso
    • Burundi
    • Cabo Verde
    • Cambodia
    • Cameroon
    • Cayman Islands
    • Central African Republic
    • Chad
    • Chile
    • China
    • Christmas Island
    • Cocos (Keeling) Islands
    • Colombia
    • Comoros
    • Congo
    • Congo, Democratic Republic of the
    • Cook Islands
    • Costa Rica
    • Côte d’Ivoire
    • Croatia
    • Cuba
    • Curaçao
    • Cyprus
    • Czechia
    • Denmark
    • Djibouti
    • Dominica
    • Dominican Republic
    • Ecuador
    • Egypt
    • El Salvador
    • Equatorial Guinea
    • Eritrea
    • Estonia
    • Eswatini
    • Ethiopia
    • Falkland Islands
    • Faroe Islands
    • Fiji
    • Finland
    • French Guiana
    • French Polynesia
    • French Southern Territories
    • Gabon
    • Gambia
    • Georgia
    • Germany
    • Ghana
    • Gibraltar
    • Greece
    • Greenland
    • Grenada
    • Guadeloupe
    • Guam
    • Guatemala
    • Guernsey
    • Guinea
    • Guinea-Bissau
    • Guyana
    • Haiti
    • Heard Island and McDonald Islands
    • Holy See
    • Honduras
    • Hong Kong
    • Hungary
    • Iceland
    • India
    • Indonesia
    • Ireland
    • Isle of Man
    • Italy
    • Jamaica
    • Japan
    • Jersey
    • Jordan
    • Kazakhstan
    • Kenya
    • Kiribati
    • Korea, Republic of
    • Kuwait
    • Kyrgyzstan
    • Laos
    • Latvia
    • Lesotho
    • Liberia
    • Liechtenstein
    • Lithuania
    • Luxembourg
    • Macao
    • Madagascar
    • Malawi
    • Malaysia
    • Maldives
    • Mali
    • Malta
    • Marshall Islands
    • Martinique
    • Mauritania
    • Mauritius
    • Mayotte
    • Mexico
    • Micronesia (Federated States of)
    • Moldova
    • Monaco
    • Mongolia
    • Montenegro
    • Montserrat
    • Morocco
    • Mozambique
    • Namibia
    • Nauru
    • Nepal
    • Netherlands
    • New Caledonia
    • New Zealand
    • Nicaragua
    • Niger
    • Nigeria
    • Niue
    • Norfolk Island
    • North Macedonia
    • Northern Mariana Islands
    • Norway
    • Oman
    • Pakistan
    • Palau
    • Palestine, State of
    • Panama
    • Papua New Guinea
    • Paraguay
    • Peru
    • Pitcairn
    • Poland
    • Portugal
    • Puerto Rico
    • Qatar
    • Romania
    • Rwanda
    • Réunion
    • Saint Barthélemy
    • Saint Helena
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Martin (French part)
    • Saint Pierre and Miquelon
    • Saint Vincent and the Grenadines
    • Samoa
    • San Marino
    • Sao Tome and Principe
    • Saudi Arabia
    • Senegal
    • Serbia
    • Seychelles
    • Singapore
    • Sint Maarten (Dutch part)
    • Slovakia
    • Slovenia
    • Solomon Islands
    • South Africa
    • Sri Lanka
    • Suriname
    • Svalbard and Jan Mayen
    • Tajikistan
    • Tanzania
    • Thailand
    • Timor-Leste
    • Togo
    • Tokelau
    • Tonga
    • Trinidad and Tobago
    • Tunisia
    • Turkey
    • Turkmenistan
    • Turks and Caicos Islands
    • Tuvalu
    • Uganda
    • Ukraine
    • United Arab Emirates
    • United Kingdom of Great Britain and Northern Ireland
    • Uruguay
    • Uzbekistan
    • Vanuatu
    • Viet Nam
    • Virgin Islands (British)
    • Wallis and Futuna
    • Western Sahara
    • Zambia

    CM Trading Rating

    4.2/ 5.0

    Fees

    4.1/ 5.0

    Instruments

    4.1/ 5.0

    Deposit/ Withdraw

    4.3/ 5.0

    Experience

    4.1/ 5.0

    Platform

    4.2/ 5.0

    Mobile Platform

    4.2/ 5.0

    Web Platform

    4.0/ 5.0

    CM Trading Pros and Cons

    Pros

    • Comprehensive Educational Resources
    • Advanced Trading Platforms
    • Regulatory Oversight
    • Social Trading Features

    Cons

    • Higher Spreads on Basic Accounts
    • Inactivity Fees
    • Higher Min. Deposit for some Accounts

    Why to choose CM Trading?

    CM Trading stands out as an attractive option for traders due to its strong emphasis on client satisfaction, robust educational resources, and a wide array of trading tools. Whether you are a beginner looking to learn the ropes or an experienced trader seeking advanced trading strategies, CM Trading offers tailored solutions that fit diverse trading styles. The broker’s regulatory status under the FSCA adds a layer of security, giving traders confidence in the safety of their funds. Additionally, with features like social trading through the CopyKat platform, CM Trading makes it easier for traders to learn and potentially profit by copying the strategies of seasoned professionals. For traders who value a well-rounded trading environment with a focus on education, technology, and security, CM Trading is an excellent choice.

    Min. Deposit: 100$ Max. Leverage: 1:200 Trading Fees: Middle Founded: 2012 Trusted Broker: Yes 10-Year Track Record: Yes

    Trading Instruments at CM Trading

    Instrument Score4.1/5.0

    CM Trading offers a diverse range of trading instruments, catering to a broad spectrum of traders and investment strategies. This variety ensures that traders have ample opportunities to diversify their portfolios across different asset classes. Below is a breakdown of the trading instruments available:

    Trading Instrument Available
    Forex Available
    Stocks Available
    Crypto Available
    Futures Not Available
    Options Not Available
    Bonds Not Available
    ETFs Not Available
    CFDs Available
    • Forex: CM Trading provides access to a wide range of currency pairs, including major, minor, and exotic pairs. Traders can engage in the highly liquid and dynamic forex market with competitive spreads and flexible leverage options.

    • Commodities: The broker offers trading in popular commodities such as gold, silver, crude oil, and natural gas. These instruments are ideal for traders looking to hedge against inflation or diversify their portfolios with tangible assets.

    • Indices: CM Trading allows trading on major global indices, including the S&P 500, NASDAQ, FTSE 100, and DAX 30. Index trading is a great way to gain exposure to broader market movements and economic trends.

    • Cryptocurrencies: While the selection is limited, CM Trading does offer trading in popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This allows traders to participate in the volatile and fast-growing digital asset market.

    • Stocks: CM Trading provides access to a selection of global stocks, enabling traders to invest in individual companies from various industries.

    • CFDs: The broker also offers Contracts for Difference (CFDs) across various asset classes, allowing traders to speculate on price movements without owning the underlying asset.

    This wide range of instruments allows traders at CM Trading to pursue various strategies, whether focusing on short-term gains or long-term investments.

    Trading Fees

    Fee Score4.1/5.0

    Understanding the trading fee structure is crucial for any trader, and CM Trading offers a transparent and competitive fee schedule. Here’s a breakdown of the different types of fees you can expect when trading with CM Trading:

    Fees CM Trading
    Deposit Fee $0
    Withdraw Fee $0
    Account Fee No
    Inactivity Fee Yes
    EUR/USD Spread 1.0
    S&P 500 Cfd Spread 1.2

    Deposit Fee at CM Trading

    CM Trading does not charge any deposit fees, regardless of the payment method you choose. This is a significant advantage for traders who frequently fund their accounts, as it allows you to maximize your trading capital.

    Withdraw Fees at CM Trading

    Withdrawal fees vary depending on the payment method used. Bank wire transfers may incur fees, while other methods, such as e-wallets or credit/debit cards, are often free of charge. It’s important to check the specific fee structure for your preferred withdrawal method to avoid surprises.

    Account Fee

    CM Trading does not charge any account maintenance fees. This makes it cost-effective to maintain an account with the broker, whether you are an active trader or only trade occasionally.

    Inactivity Fee

    An inactivity fee is charged if an account remains dormant for more than 60 days. The fee is $15 per month, which could add up for traders who do not actively manage their accounts. It’s advisable to either keep your account active or withdraw your funds to avoid these charges.

    Spreads and Commissions

    CM Trading primarily makes money through spreads, which can vary depending on the account type. The spreads are competitive on higher-tier accounts, but they can be wider on basic accounts. For example, on a standard account, EUR/USD spreads start at 1.5 pips, while premium account holders can enjoy tighter spreads. The broker does not charge additional commissions on forex trades, making it easier to calculate your overall costs.

    Regulation

    Trusted Broker

    Regulation is a crucial factor when selecting a broker, as it ensures the safety and security of your funds and trading activities. CM Trading is committed to maintaining high standards of transparency and client protection, which is reflected in its regulatory framework.

    Regulator Licences of CM Trading

    • Icon FSCA – Financial Sector Conduct Authority – South Africa:
      CM Trading operates under the regulation of the Financial Sector Conduct Authority (FSCA) in South Africa. The broker’s license number is 38782. The FSCA is a respected regulatory body that enforces strict compliance with financial and trading standards, ensuring that brokers adhere to best practices in the industry.

    Investors Protection

    CM Trading takes investor protection seriously. Being regulated by the FSCA means that the broker must follow stringent client fund segregation rules, ensuring that client money is kept separate from the broker’s operating funds. This separation protects traders’ funds even in the unlikely event of the broker’s insolvency. Additionally, CM Trading employs advanced encryption technologies to safeguard client data and transactions, further enhancing security.

    About CM Trading

    CM Trading was established in 2012 and has grown significantly over the years to become a trusted name in the online trading industry. The broker has expanded its offerings and improved its trading platforms to cater to a global client base. Over its years of operation, CM Trading has built a reputation for reliability, customer service, and a client-centric approach, which is evident in its robust educational resources and innovative trading tools.

    CM Trading’s regulatory status, combined with its focus on client protection and a solid track record, makes it a trustworthy choice for traders around the world.

    CM Trading Trading Platform

    Platform Score4.2/5.0

    CM Trading offers a range of trading platforms designed to cater to the diverse needs of its clients. Whether you are a beginner or an experienced trader, CM Trading provides intuitive and powerful tools that enhance your trading experience. Below is an overview of the available platforms:

    cm-trading-broker-review-trading-platform

    Mobile Trading Platform

    CM Trading offers a robust mobile trading platform that allows traders to manage their portfolios and execute trades on the go. The mobile app is available for both Android and iOS devices, providing full access to account management, charting tools, and real-time data. The app is user-friendly and mirrors the functionality of the desktop platform, ensuring that traders can seamlessly transition between devices without compromising their trading experience.

    Web Trading Platform

    For those who prefer not to download software, CM Trading provides a web-based trading platform that is accessible through any browser. The web trader is compatible with both Windows and Mac operating systems and offers the same functionality as the desktop version. With an intuitive interface, customizable charts, and multiple order types, the web platform is ideal for traders who require flexibility and ease of access. The platform also integrates with the broker’s CopyKat social trading tool, enabling users to copy trades from more experienced traders directly within the browser.

    Desktop Trading Platform

    CM Trading’s desktop platform is powered by MetaTrader 4 (MT4), one of the most popular trading platforms in the world. MT4 is known for its advanced charting capabilities, extensive range of technical indicators, and automated trading through Expert Advisors (EAs). This platform is suitable for experienced traders who require advanced tools and the ability to execute complex trading strategies. MT4 also supports multiple order types and provides real-time market analysis, making it a comprehensive solution for professional trading.

    Trading Platform CM Trading
    MT4 Yes
    MT5 No
    CTrader No
    Own platform No
    Mobile: IOS Yes
    Mobile Android Yes

    Social Trading with CopyCat

    CM Trading’s social trading feature, known as CopyKat, is a standout offering that enables traders to benefit from the expertise of more experienced and successful traders within the CM Trading community. CopyKat is an integrated social trading platform that allows users to automatically copy the trades of top-performing traders, providing a valuable opportunity for less experienced traders to potentially achieve similar results without having to make trading decisions themselves.

    How CopyKat Works

    CopyKat is accessible directly through the CM Trading web trader and mobile platforms, ensuring that traders can easily engage with social trading without needing additional software or complex setups. The platform displays a leaderboard of top traders, ranked based on their performance, risk level, and trading style. Users can browse through the profiles of these traders, view their trading history, performance metrics, and risk management strategies, helping them make informed decisions about whom to follow.

    Once a trader selects someone to follow, the CopyKat system automatically replicates the chosen trader’s positions in the user’s account. The process is fully automated, meaning that every trade opened, modified, or closed by the followed trader will be mirrored in real-time within the user’s account. This automation ensures that users can benefit from the expertise of professional traders without needing to actively manage their own trades.

    Customization and Control

    While the CopyKat platform is highly automated, it also offers a significant degree of customization and control. Users can choose the amount of capital they wish to allocate to copying trades, set limits on the number of trades copied, and adjust risk parameters to align with their own trading goals and risk tolerance. If a user decides they no longer want to follow a particular trader, they can stop copying at any time, retaining full control over their account.

    Benefits of Using CopyKat

    • Learning Opportunity: CopyKat is not only a tool for copying trades but also a valuable learning platform. By observing the strategies of successful traders, users can gain insights into market analysis, risk management, and trade execution.

    • Diversification: Users can follow multiple traders at once, spreading risk across different strategies and markets. This diversification can enhance portfolio stability and reduce the impact of any single trader’s losses.

    • Time Efficiency: For traders who cannot dedicate significant time to market analysis, CopyKat offers a hands-off approach to trading. The automated nature of the platform allows users to participate in the markets without constant monitoring.

    • Accessibility: Whether a trader is just starting or is an experienced investor looking to explore new strategies, CopyKat is accessible to all account holders, making it a versatile tool within CM Trading’s platform offering.

    Risks to Consider

    While CopyKat provides a unique opportunity for traders, it’s important to understand that copying trades does not guarantee profits. The performance of copied trades depends on the strategy and market conditions affecting the lead trader. Therefore, users should carefully review the profiles and past performance of traders they intend to follow, considering their own risk appetite and financial goals.

    Overall, CM Trading’s CopyKat platform is a powerful tool that democratizes access to advanced trading strategies. It enables users to tap into the knowledge and experience of professional traders, making it an attractive feature for both beginners looking to learn and more advanced traders seeking to diversify their strategies.

    Deposit & Withdraw

    Deposit/ Withdraw Score4.3/5.0

    CM Trading offers a variety of deposit and withdrawal methods to ensure that clients from different regions can easily manage their funds. The broker provides flexible options to accommodate traders’ preferences, along with transparent processing times and minimal fees. Below is a detailed overview of the deposit and withdrawal process, including supported account currencies.

    CM Trading Deposit Methods

    CM Trading supports several deposit methods to cater to a global client base. These methods include:

    • Credit/Debit Cards: Visa, MasterCard, and Maestro cards are accepted for instant deposits.

    • Bank Wire Transfers: For larger deposits, bank wire transfers are available. While secure, this method may take a few business days to process.

    • E-Wallets: CM Trading supports popular e-wallets like Skrill and Neteller, offering instant deposits with minimal fees.

    • Local Payment Methods: In certain regions, CM Trading offers local payment methods to make deposits easier for clients. This includes options like African Payment Solutions for clients in South Africa.

    CM Trading Withdrawal Methods

    Withdrawals at CM Trading are processed through the same methods used for deposits to ensure consistency and security. The broker aims to process all withdrawal requests within 24 hours, though the total time to receive funds may vary depending on the payment method.

    • Credit/Debit Cards: Withdrawals to credit/debit cards typically take 2-5 business days to reflect in your account.

    • Bank Wire Transfers: Bank withdrawals may take 3-7 business days, depending on the bank and location.

    • E-Wallets: Withdrawals to e-wallets are usually processed within 24 hours, making them the fastest option available.

    Supported Account Currencies

    CM Trading supports the following account base currencies:

    • USD (US Dollar)

    • EUR (Euro)

    • GBP (British Pound)

    • ZAR (South African Rand)

    Choosing the appropriate account currency can help traders avoid conversion fees and streamline their transactions.

    Fees Associated with Deposits & Withdrawals

    CM Trading does not charge fees for deposits, regardless of the method used. However, withdrawal fees may apply depending on the withdrawal method and the amount. It’s important to check with the broker for the most up-to-date fee structure before initiating a withdrawal.

    Processing Times

    • Deposit Processing: Instant for most methods, except bank transfers, which may take 1-3 business days.

    • Withdrawal Processing: CM Trading processes withdrawals within 24 hours, though the total time to receive funds depends on the chosen method.

    Minimum Deposit Requirement

    CM Trading has a minimum deposit requirement of $100, which is standard in the industry and ensures that traders have sufficient capital to start trading effectively.

    Conclusion

    CM Trading offers a streamlined deposit and withdrawal process with multiple payment options, making it convenient for traders worldwide. With support for various currencies and a transparent fee structure, CM Trading ensures that clients can manage their funds with ease and efficiency.

    Research & Education at CM Trading

    CM Trading places a strong emphasis on trader education and research, making it a suitable choice for both novice and experienced traders who want to stay informed and continuously improve their skills. The broker offers a wide range of educational resources and research tools designed to enhance trading knowledge, develop strategies, and keep traders updated with the latest market trends.

    Educational Resources

    • Webinars: CM Trading hosts regular live webinars covering a variety of topics, from basic trading concepts to advanced strategies. These webinars are conducted by market experts and are tailored to meet the needs of traders at different experience levels. Participants can ask questions and engage directly with the presenters, making these sessions interactive and highly informative.

    • eBooks: The broker offers a collection of eBooks that cover essential trading topics, including forex trading, technical analysis, and risk management. These eBooks are available for free and are a great starting point for traders who prefer self-paced learning.

    • Video Tutorials: CM Trading provides an extensive library of video tutorials that guide users through various aspects of trading. These videos cover platform tutorials, trading strategies, and market analysis, making them a valuable resource for visual learners.

    • Trading Courses: CM Trading offers structured trading courses that cover everything from the basics of forex trading to more complex topics like market psychology and strategy development. These courses are designed to build a strong foundation for traders and help them progress to more advanced levels.

    Research Tools

    • Market Analysis: CM Trading provides daily market analysis, including technical and fundamental analysis reports. These reports give traders insights into market trends, key economic events, and potential trading opportunities. The analysis is presented in a clear and concise manner, making it accessible even to those new to trading.

    • Economic Calendar: The broker’s platform features an economic calendar that tracks important economic events and data releases from around the world. This tool is essential for traders who base their strategies on macroeconomic factors and need to stay updated on potential market-moving events.

    • Trading Signals: CM Trading offers trading signals based on technical analysis. These signals are generated by market experts and cover various instruments, including forex, commodities, and indices. The signals are available directly on the trading platform, allowing traders to act quickly on potential opportunities.

    • CopyKat Platform: As part of its social trading offering, CM Trading’s CopyKat platform also serves as an educational tool. By following and copying trades from successful traders, users can learn different strategies and techniques in real-time, gaining practical insights into trading.

    CM Trading’s commitment to education and research is evident in the comprehensive range of resources and tools it offers. Whether you are just starting your trading journey or looking to refine your strategies, CM Trading provides the support you need to grow as a trader. The broker’s focus on continuous learning and market awareness makes it an excellent choice for traders who value knowledge and staying informed.

    Customer Support

    CM Trading offers robust customer support to ensure that traders have access to assistance whenever they need it. The broker understands the importance of responsive and efficient customer service, especially in the fast-paced world of online trading. Below is an overview of the support methods available at CM Trading, along with typical response times.

    Contact Methods

    • Live Chat: CM Trading offers a live chat feature on its website, which is available 24/5. This is the quickest way to get in touch with a representative for immediate assistance. The live chat is accessible directly from the trading platform or the broker’s website, and response times are usually within a few minutes.

    • Email Support: Traders can reach out to CM Trading via email at [email protected]. Email support is available for more detailed inquiries or issues that require documentation. The response time for email inquiries is generally within 24 hours.

    • Phone Support: CM Trading provides phone support for clients who prefer direct communication. The broker offers local phone numbers for several regions, including South Africa, Nigeria, and other key markets. Phone support is available during trading hours (24/5) and is suitable for urgent queries or complex issues that require a verbal explanation.

    • WhatsApp Support: CM Trading also offers support via WhatsApp, allowing traders to communicate with customer service representatives directly through their mobile devices. This method is particularly convenient for quick questions and updates. Response times are typically fast, often within a few minutes during business hours.

    • Social Media Channels: The broker is active on several social media platforms, including Facebook and Twitter. While these are not primary support channels, traders can reach out through these platforms for general inquiries or updates.

    Response Times

    • Live Chat: Typically within a few minutes

    • Email: Within 24 hours

    • Phone Support: Immediate during business hours

    • WhatsApp: Within a few minutes during business hours

    Support Quality

    CM Trading is known for its responsive and professional customer service team. The representatives are knowledgeable about the broker’s services and can assist with a wide range of issues, from technical support to account management and trading queries. Additionally, the broker offers multilingual support, catering to its diverse client base.

    CM Trading provides multiple support channels to ensure that clients can receive timely and effective assistance. With live chat, email, phone, WhatsApp, and social media options, traders have the flexibility to choose the most convenient method for their needs. The prompt response times and quality of support make CM Trading a reliable partner for traders who value customer service.

    Account Types

    CM Trading offers a variety of account types tailored to suit different trading styles, experience levels, and investment goals. This flexibility allows traders to select an account that best aligns with their individual needs, whether they are beginners looking for a low-risk entry point or experienced traders seeking advanced features.

    cm-trading-account-types-overview

    Basic Account

    • Minimum Deposit: $100

    • Key Features:

      • Access to the full range of trading instruments

      • Basic educational resources

      • Standard spreads

      • Access to the CopyKat social trading platform

    The Basic Account is ideal for new traders who want to start with a modest investment while gaining access to a broad range of trading instruments and educational tools. This account type provides the essentials for learning and practicing trading strategies.

    Silver Account

    • Minimum Deposit: $1,000

    • Key Features:

      • Lower spreads than the Basic Account

      • Access to additional educational materials

      • Free access to webinars and training sessions

      • Dedicated account manager

    The Silver Account is suitable for traders with some experience who want better trading conditions and additional educational resources. The inclusion of a dedicated account manager helps guide traders through more complex trading strategies.

    Gold Account

    • Minimum Deposit: $10,000

    • Key Features:

      • Even lower spreads than the Silver Account

      • Premium educational resources, including advanced trading strategies

      • Free market analysis and trading signals

      • Higher leverage options

    The Gold Account is designed for more experienced traders who require tighter spreads, advanced tools, and additional market insights. This account type offers a comprehensive suite of resources for traders who are looking to take their trading to the next level.

    Premium Account

    • Minimum Deposit: $100,000

    • Key Features:

      • The lowest spreads available

      • VIP customer support

      • Customizable trading conditions

      • Personalized trading strategy consultations

      • Exclusive access to high-level market analysis

    The Premium Account is tailored for professional and institutional traders who require the best trading conditions and personalized services. This account offers the highest level of support, resources, and trading advantages.

    Islamic Account

    CM Trading also offers an Islamic Account option for traders who follow Sharia law. This account type is swap-free, meaning it does not incur or pay interest on overnight positions. The Islamic Account is available upon request and can be applied to any of the account types mentioned above.

    Conclusion

    CM Trading’s range of account types ensures that every trader, from beginner to professional, can find an account that meets their trading requirements. The broker’s tiered structure allows for smooth progression as traders gain experience and require more advanced features. With the added benefit of an Islamic Account, CM Trading caters to a diverse global clientele, making it a versatile choice for traders of all levels.

    Account Opening

    Opening an account with CM Trading is a straightforward process designed to be quick and user-friendly. The broker offers a fully digital account opening procedure, allowing new clients to get started with trading as soon as possible. Below is a step-by-step guide on how to open an account with CM Trading.

    cm-trading-broker-registration-steps

    Steps to Open an CM Trading Account:

    1. Visit the CM Trading Website: Start by navigating to the official CM Trading website. Look for the “Open Account” or “Sign Up” button, usually located at the top right corner of the homepage.

    2. Fill Out the Registration Form: Complete the online registration form by providing your personal information. This includes your full name, email address, phone number, and country of residence. You will also need to create a secure password for your account.

    3. Verify Your Email Address: After submitting the registration form, CM Trading will send a verification email to the address you provided. Click the link in the email to verify your email address and activate your account.

    4. Complete the KYC Process: To comply with regulatory requirements, CM Trading will ask you to complete the Know Your Customer (KYC) process. This involves submitting identification documents, such as a passport or national ID, and proof of address, such as a utility bill or bank statement. The documents must be clear and legible.

    5. Select Your Account Type: Choose the type of trading account that best suits your needs from the available options (Basic, Silver, Gold, Premium, or Islamic Account). The account type you select will determine your initial deposit requirement and the features available to you.

    6. Make Your First Deposit: Once your account is verified, you can proceed to fund your account. CM Trading offers various deposit methods, including credit/debit cards, bank transfers, and e-wallets. The minimum deposit requirement varies depending on the account type you selected.

    7. Start Trading: After your deposit has been processed, you can start trading immediately. You can access the trading platforms through your web browser, desktop application, or mobile app. CM Trading also provides a demo account option if you wish to practice before trading with real money.

    Account Opening Time

    The account opening process at CM Trading is typically completed within 1-2 business days, assuming all documentation is submitted correctly. The digital nature of the process ensures minimal delays, and the support team is available to assist if any issues arise during registration.

    CM Trading offers a seamless and efficient account opening process that caters to traders of all levels. The fully digital procedure, combined with a straightforward KYC process, ensures that new clients can quickly gain access to the markets. With a variety of account types and funding options, CM Trading makes it easy to start trading in a secure and regulated environment.

    Open Account

    CM Trading Review Results

    Broker Rating4.2/5.0

    CM Trading has established itself as a reliable and user-friendly brokerage, offering a comprehensive suite of tools and services that cater to both novice and experienced traders. The broker’s commitment to education, regulatory oversight, and innovative features like the CopyKat social trading platform make it an attractive choice for a wide range of investors. Below is a summary of our review results based on key factors.

    cm-trading-broker-review-result-4-2-points

    Strengths:

    • Regulation and Security: CM Trading is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring a high level of security and compliance with industry standards.

    • Educational Resources: The broker excels in providing educational materials, including webinars, eBooks, video tutorials, and structured courses, making it a great platform for traders who want to improve their skills.

    • Trading Platforms: CM Trading offers multiple platforms, including MetaTrader 4 (MT4), a web-based trader, and a mobile app, all of which are user-friendly and packed with advanced features.

    • Social Trading: The CopyKat platform allows traders to follow and copy the trades of experienced professionals, offering a unique opportunity for beginners to learn and profit simultaneously.

    Areas for Improvement:

    • Limited Cryptocurrency Offerings: Although CM Trading offers cryptocurrency trading, the range of available digital assets is more limited compared to other brokers.

    • Inactivity Fees: The broker charges inactivity fees if an account remains dormant for an extended period, which may not be ideal for traders who trade infrequently.

    • Higher Spreads on Basic Accounts: Spreads on the Basic Account are wider compared to those on higher-tier accounts, which may not appeal to cost-sensitive traders.

    Overall Conclusion

    CM Trading is a well-rounded broker that offers a solid combination of security, education, and innovative trading features. Its regulatory status provides peace of mind, while its focus on education and user-friendly platforms ensures that traders have the resources they need to succeed. The availability of multiple account types, including an Islamic Account, adds to its versatility, making it a broker that can grow with you as your trading skills develop. While there are some areas for improvement, such as expanding the range of cryptocurrencies and reducing fees on basic accounts, CM Trading remains a strong contender for traders looking for a dependable and feature-rich trading environment.

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    Risk Disclaimer

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