Home / Forex Brokers / Review Brokers / CM Trading Broker Review

CM Trading Broker Review

FX Scouts By Jeffrey Cammack Updated: November 12, 2019
Average Score
3 / 5
Min. Deposit USD 250
Max. Leverage 200:1
Min. Spread 1.5 pips
Regulators FSCA
Regulator Origin FSCA
Broker Type Market Maker

Summary

CM Trading, headquartered in Johannesburg and is regulated by the South African FSCA. A beginner-friendly, market maker broker offering competitive spreads and 200:1 leverage, CM Trading won Best Performing Broker in Africa in 2017 (African Investor), supports MetaTrader4 and Sirix WebTrader and offers a copy trading system allowing users to follow and copy professional traders. 

With FSCA oversight, processes for the security of client funds and industry recognition CM Trading meets the requirements for us to consider them for our recommendation.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses 20% Bonus on Deposits Above 500 USD
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum Deposit USD 250
Base currencies EUR, USD
Number of FX Pairs 47
Hedging Allowed
Scalping
Swap-Free Accounts

Average Spreads

EUR / USD 1.5
GBP / USD 2.6
USD / JPY 1.7

Company Details

Company name BLACKSTONE Marketing SA(PTY)LTD
Founded 2013
Website Visit Website
Type Market Maker
Regulators FSCA
Office locations South Africa,Mauritius,Israel

Deposit & Withdrawal Methods

Supported Platforms for CM Trading

CM Trading Broker Detailed Review

Is CM Trading Safe?

The parent company of CM Trading, Blackstone Marketing SA, has been regulated by the FSCA (FSP – FAIS License Number 38782) since 2009.  Headquartered in Johannesburg since 2012, CM Trading has recently started enrolling at award ceremonies and winning Best Broker 2018: Africa from African Investor for their quality and innovation.  This was a strong signal from the trading community that CM Trading is considered one of the continent’s top brokerages.

Trading Conditions

The CM Trading trading conditions and spreads change depending on account type; with the higher deposit account types having the tightest spreads.  CM Trading also has a range of deposit bonuses for traders depositing over 250 USD – these also improve with higher deposits.

Accounts Types

CM Trading has different account types with varying conditions. All customers also have access to a demo account, which unfortunately expires after a month of use – not ideal for traders looking to test out new strategies without getting burned.

Account Features

  • Leverage is set at 200:1 for all account types.
  • All customers have access to daily and weekly market reviews.
  • Access to CM Trading Forex trading signals delivered via your platform and SMS.  This free service is excellent for beginners not yet comfortable with technical analysis.
  • The premium account offers 3-risk free trades (2- for the executive and 1- for the classic)
  • Same-day withdrawals on the premium account type.

Spreads and Commissions

All trading is commission-free at CM Trading, with traders only paying the spread which is either floating or fixed (mini account) dependent on account type.  For Mini and Classic accounts, spreads on major currency pairs average between 2 to 3 pips with the EUR/USD averaging 1.5 and the USD/JPY averaging 1.7. 

CM Trading Spreads

Bonuses & Promotions

The bonuses at CM Trading are unique and exciting for new traders, ranging from different cash bonuses and improved trading conditions to education packs and giveaways.

CM Trading Bonus

NB: These bonuses are accurate for October 2019 and are only illustrative of what you might expect.

Deposits and Withdrawal Fees

Deposits and withdrawals are generally processed within 24 hours.  Deposit methods include all major credit and debit cards as well as wire and bank transfers, CashU, Neteller, and Fasapay.  Withdrawals are processed quickly if identity documentation is in place. Same-day withdrawals are available for premium customers.  To contact the finance team, write them on [email protected].

CM Trading for Beginners

CM Trading is a good Forex broker for beginners, with a decent 3rd-party education section and adequate analytical content.  If your priority is to have a South African broker, CM Trading is definitely one of the better local operators for beginners, and you do not have to be a CM Trading client in order to access any of this learning material.

Educational Material

Training Videos

The backbone of the education section is a generic library of animated training videos, with subjects covering common Forex terms, social trading, the MetaTrader 4 platform, trading strategies and trading psychology.  While most of the training videos are aimed at beginner traders, lessons in technical and fundamental analysis and trading plans support more advanced learning. Other more advanced videos cover EAs to use with the MT4 platform and other methods of automated trading.

The one downside to CM Trading’s video library is that all the videos are only accessible through CM Trading’s own player, which is dated and has very limited functionality. This is frustrating, especially for those of us accustomed to YouTube and other popular players.

Education CM Trading

Webinars

CM Trading hosts weekly webinars on a range of subjects, recent webinars include the Psychology of Trading and Trading Cryptocurrencies. These webinars are simple to register for and, once more, you do not have to be a CM Trading customer to access them.

Video Chart Analysis

The chart analysis section is accompanied by a brief, yet useful, analytical breakdown of the major currency pairs. The video chart analysis on offer is straightforward and detailed and is helpful to both novice and expert traders.

Ebooks

CM Trading, through a 3rd party, offers a collection of eBooks covering Forex terms, trading psychology, basic and advanced technical analysis and basic and advanced trading strategies. These are also available to non-customers but unfortunately non-downloadable.  Much like the with the Training Videos, CM Trading’s player is not a particularly easy way to digest new information, even in written format.

Analysis Material

The analysis material offering is basic but adequate in that it contains a functional economic calendar, highlighting the major events of the day.  This is accompanied by a five-minute daily market review every morning before market-open, which highlights potential trading opportunities across the major financial markets for the coming day, and is generally well researched. 

Customer Support

Customer support is available 24/5 via live chat, WhatsApp, email and via 11 different international phone numbers (in South Africa, Canada, Malaysia, UK, China, France, Brazil, Mexico, Saudi Arabia, Russia and Bahrain) with full language support for each region.  Additionally, CM Trading provides MT4 support to help beginner traders get started and one-on-one training is available to larger depositors.

CM Trading Platforms

CM Trading Smart Communication Systems

MetaTrader 4

CM Trading offers its version of the Meta Trader 4 (MT4) platform, which is the industry standard for Forex & CFD trading.  MT4 allows trade using EAs, and also allows for hedging or scalping. If you have your own existing Expert Advisor it will integrate seamlessly with CM Trading’s version of MT4. 

Sirix Webtrader

Sirix WebTrader was released in 2014 by Leverate and was developed in HTML5 so can be used on any phone, tablet or desktop. It has over 60 built-in indicators, a high level of security and receives regular software updates.

Designed to speed up trading, the Sirix trading windows can be pre-configured to include the instruments and lot sizes you trade regularly. One-click-trading can be enabled or disabled.

Additionally, Sirix Webtrader comes with a built-in copy trading functionality, which we will look at in more detail below.

Trading Tools

CopyKat

With CM Trading’s Sirix WebTrader you will also receive access to Sirix CopyKat, Sirix’ copy trading tool.

CopyKat allows you to watch professional traders’ deals and copy them in real-time but also allows for automated copying. The system is easy-to-use and supports one-click trading.

Guardian Angel

CM Trading runs a Smart Communication System for its customers called Guardian Angel, which provides support and direct messages concerning market trends and provides automated feedback on how you trade, highlighting market volatility indications and a stop loss calculator.

CM Trading Mobile Apps

CM Trading’s Sirix platform is available across all devices with little loss in functionality. CM Trading also offers a mobile trading platform driven by MT4.

Evaluation Process

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the CM Trading offer. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

CM Trading Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. CM Trading would like you to know that: Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

Overview

CM Trading is a well-known FSCA-regulated market maker broker focused on its South African client base. Established, award-winning, and trusted by the African Forex industry, CM Trading has trading conditions are in line with their competitors, adequate platform support with MT4 and Sirix Webtrader, and exciting bonuses for new clients.

Most retail CFD accounts lose money. Your capital is at risk.

Compare Brokers

CM Trading

CM Trading

Visit Website
Markets.com

Markets.com

Visit Website
AvaTrade

AvaTrade

Visit Website
Overall Rating 3/5 4/5 5/5
Minimum Deposit USD 250 ZAR 1000 USD 100
Regulation
FSCA FSCA
CySEC CySEC
ASIC ASIC
FSCA FSCA
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review
Trading Conditions 3 / 5 4 / 5 4 / 5
Trading Platforms 3 / 5 3 / 5 3.5 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
% Lose with this broker 73% of retail investor accounts lose money when trading CFDs with this provider 76.60% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage 200:1 300:1 400:1
Spread 1.5 pips 0.9 pips 0.7 pips
Hedging
Scalping
Account Types
  • Standard,Vip,Professional
  • Mini
  • Standard
Trading Platforms MetaTrader4, WebTrader, Sirix MetaTrader4, MetaTrader5, WebTrader MetaTrader4, WebTrader
Funding Methods Bank Transfer, Neteller, Visa, Mastercard, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer
Clear all brokers

CM Trading

Visit Website

Markets.com

Visit Website

AvaTrade

Visit Website
Overall Rating 3 / 5 4 / 5 4 / 5
Min. Deposit USD 250 ZAR 1000 USD 100
Regulation
FSCA FSCA
CySEC CySEC
ASIC ASIC
FSCA FSCA
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review Read Full Review
Trading Conditions 3 / 5 4 / 5 4 / 5
Trading Platforms 3 / 5 3 / 5 3.5 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
Risk Disclaimer 73% of retail investor accounts lose money when trading CFDs with this provider 76.60% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage 200:1 300:1 400:1
Spread 1.5 pips 0.9 pips 0.7 pips
Hedging Allowed Yes Yes Yes
Scalping Allowed Yes Yes Yes
Platforms MetaTrader4, WebTrader, Sirix MetaTrader4, MetaTrader5, WebTrader MetaTrader4, WebTrader
Funding Bank Transfer, Neteller, Visa, Mastercard, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sign Up

Most retail CFD accounts lose money. Your capital is at risk.