- Company name: Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
- Founded: 2013
- Offices: South Africa,Seychelles
- Regulators: FSCA No.38782
- Broker type: Market Maker
- Min. Deposit: $250
- Leverage: 200:1
- Min. Spread: 1.5 pips
- Deposit/Withdrawal: Bank wire, Visa/Mastercard,Skrill, CashU
- Currency pairs: 47
- Platform: MetaTrader4, Sirix
- Web based: Yes
- Mobile: Yes
- FSCA Regulated (FSP 38782)
- 20% first deposit bonus
- MT4 & Sirix trading platforms
- 4 account types with optional swap-free options
- Underwelming educational material
- Wide spreads on the mini account
With a 20% bonus for new clients, free signals, and reasonable trading conditions we believe you will have a good South African trading experience with CM Trading.
The four Accounts types include Mini, Standard, Executive, and Gold, with escalating deposit requirements and features. Each account type has a demo option, and some of the higher level accounts have more webinars, which include lessons on trading strategy and maximising your trades.
The mini account requires a 250 USD minimum deposit to get the basic fixed spreads. The markup on spreads starts at 1.5 pips and comes with leverage up to 200:1.
A minimum deposit of 1000 USD gives you standard spreads which are tighter than the basic spreads offered with the mini account. With the Standard account and upwards, you get the CM Trading debit card that gives you immediate access your trading wallet at any ATM. Immediate withdrawals are a nice perk to have for professional traders. One risk-free trade is available with this account.
With a minimum deposit or 5,000 USD, traders receive even tighter and more competitive spreads, the CM Trading debit card, and the education package of webinars on how to do technical analysis and find your own trading opportunities.
With a minimum deposit of 25,000 USD, the gold account has the tightest spreads available to CM Trading clients, as well as the CM debit card for fast withdrawals, the education pack of webinars, and three risk-free trades.
While the spreads for the mini account are fixed, the spreads for the larger accounts become tighter and more competitive floating spreads. This is where CM Trading starts to compete with the banks to get you the best deals. Leverage of 1:200 is available.
All active and funded trading accounts get free signals. They are delivered via the website, as well as in a daily morning review, and urgent signals are sent via SMS. This service is excellent if you are a beginner and you are not yet comfortable with doing your own technical analysis.
You can make your deposits via wire transfer, debit card, credit card, Neteller, CashU, and even cash deposits at your local Nedbank branch once your account is open.
CM Trading provides MetaTrader4, an Android mobile platform, and the Sirix webtrader. Sirix also allows you to trade on your tablet, and the layout looks much like MetaTrader4 on the desktop, so you don’t need to get used to a vastly different platform.
Also, CM Trading also offers CopyKat, a social trading platform that allows you to watch professional traders’ deals and copy them. The system is an easy-to-use and supports one-click trade that lets you learn easily from others.
CM Trading even offers a “Guardian Angel” service, which provides support and direct messages concerning market trends and other information that can assist with trading.
CM Trading has quality support via live chat or telephone
The upper tier accounts have instructional videos, attend webinars and educational ebook. They also run a blog and do technical analysis, all of which is available under the “CM Academy” tab on their homepage.
Compare CM Trading
CM Trading Vs. XM
|Funding||Bank wire, Visa/Mastercard,Skrill, CashU||Bank wire, Visa/Mastercard, Skrill , Neteller|
|Regulated||FSCA No.38782||EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670|
|Broker Type||Market Maker||Market Maker|
|Minimum Spread||1.5 pips||0.0 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit CM Trading||Visit XM|
CM Trading Vs. FXTM
|Funding||Bank wire, Visa/Mastercard,Skrill, CashU||Bank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more|
|Regulated||FSCA No.38782||FSCA No.46614, FCA, CySEC, IFSC|
|Broker Type||Market Maker||ECN/STP|
|Minimum Spread||1.5 pips||0.1 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit CM Trading||Visit FXTM|
CM Trading is a traditional South African FSCA market maker. The trading conditions and the number of currency pairs can certainly be improved, along with the quality of educational material offered to mini account holders, but the additional support for MetaTrader and the comfort of knowing that they are locally regulated should make up for that. Traders looking to use MT4, and would appreciate the free signals and Copykat functionality, should shortlist CM Trading.