CMTrading

sign-up-green1
$250
Minimum Deposit
400:1
Maximum Leverage
2.6
Mininum Spread
8.5 TradeForexSA
Pros
  • FSB Regulated
  • Exclusive 20% Bonus + an extra 30% Bonus on online deposits to the first 100 TradeForexSA referrals every day.
  • Platforms for every type of user and device, including tablets and phones
  • CopyKat system allows users to imitate professional traders and learn from the best
Cons
  • Withdrawls without their credit card can be slow
  • Varying experiences of the quality of the edcuation sessions
  • Wide spreads
Summary
CMTrading is a South African FSB regulated broker and comes highly-recommended for our South African traders. The markup on spreads is a standard 2-3 pips for the entry level accounts, and leverage is available at 400:1 for Forex Trading. With an exclusive additional 20% bonus for TradeForexSA clients, free signals from when you sign up and deposit, and reasonable trading conditions we believe you will have a good trading experience with CM Trading.
Account Types7.5
Free Services8
Paid Services7.5
Support7
Deposit & Withdrawal9

Based in Johannesburg and operating out of both South Africa and the Seychelles, CMTrading is stringently regulated and a trustworthy broker founded by experienced and professional traders. Your money is protected by the Financial Services Board (FSB) of South Africa, which tightly regulates non-banking financial services. CMTrading offers the most popular and user-friendly trading platforms available and their chat helpline is open 24/5. Traders based in Africa would be well advised to make use of CMTrading.  CM Trading’s License numbers is 38782.

Bonus: CMTrading grants a 20% Bonus + an extra 30% Bonus on online deposits to the first 100 TradeForexSA referrals every day. The bonus will be given once you start trading. Withdrawal of your deposit can be easily done within 3 business days of the request being made, but the bonus itself is not withdrawable.

 

Accounts include Mini, Standard, Executive, and Gold, with escalating deposit amounts and features. Each account type has a demo option, so you can try out each one for free before deciding which is best suited to your needs. Some of the higher level accounts also have webinars, which include discussions on tactics and maximizing your trade results. Note that accounts also have escalating deposit minimums.

Minimum Payment:

250 USD – you can pay via wire transfer, credit card, Neteller and CashU.

Trading Platforms:

CMTrading provides MetaTrader4, a mobile platform, and the Sirix webtrader, allowing access to all types of traders from anywhere with an internet connection. Sirix also allows you to trade on your tablet, and the layout looks much like MetaTrader4 on the desktop, so you don’t have to get used to a different trading structure.

In addition, CM Trading also offers CopyKat, a social trading platform that allows you to watch professional traders’ deals and copy them if you wish. The system is an easy-to-use, one-click deal that lets you learn quickly and easily from others.

Similar to other brokers, CMTrading’s wide range of platforms are simple to use and easily accessible. The site even offers a “Guardian Angel” service, which provides support and direct messages concerning market trends and other information that can assist with trading.

Signals:

All active and funded trading accounts get free signals.  They are delivered on the website, as well as in a daily morning review, and hot signals are even delivered via mobile as a text.  This service is great if you are a beginner and you are not yet comfortable with doing your own technical analysis.

Customer Support

CM has quality support through a variety of channels. You can watch instructional videos, attend webinars, download their ebook, and chat directly with support staff via live chat or telephone. They also run a blog and do technical analysis, all of which is available under the “CM Academy” tab on their homepage.

Best Features:

  • Platforms for every type of user and device, including tablets and phones
  • Excellent range of support services, from video to ebook to live chat
  • CopyKat system allows users to imitate professional traders and learn from the best

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