- 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
Is CM Trading Safe?
Blackstone Marketing SA has been regulated by the FSCA (FSP 38782) since 07/04/2009, and the CM Trading brand has been in operation since 2012 building a substantial reputation in the South African market.
Winning the Best Broker 2018: Africa award (African Investor) for quality and innovation at the brokerage was a significant sign from the African investor community and helped ensure CM Trading as one of the continents top brokerages.
Client funds are deposited in segregated accounts according to regulations and then enforced through annual audits by the FSCA. With South African local regulation, respect for client funds and industry recognition CM Trading is a safe brokerage to trade with.
CM Trading for Beginners
Good beginner brokers make it easy to get started and understand the primary tools used in trading. CM Trading is not your ideal beginner Forex broker, but should FSCA regulation and local presence be important to you, it is worth giving CM Trading an extra look.
The educational material offered by CM Trading has a more considerable breadth than most. In addition to videos and articles, and an e-book, they also provide detailed instructions on how to download and develop strategies using MT4’s powerful expert advisor.
CM Trading offers several courses, videos, and webinars that target the novice trader. With a full library of training videos and webinars available monthly, a beginner will find an immediate advantage of being a member of CM Trading. Lessons in technical and fundamental analysis support more advanced learning and trade planning which is important for success as a trader. More advanced sections on EAs to use with the MT4 platform is one of the two options available for automated trading.
The video chart analysis they provide is helpful to both novice and expert traders. The video chart analysis feature differs from many brokers that offer technical analysis reports only in written format.
CM Trading offers six specific analysis categories including technical analysis, fundamental analysis (economic calendar), social trading, guardian angel, a daily analysis report and forex signals. The standouts include social trading, which is a forum where you can track the trades of others and trade alongside those who have successful track records.
While automated trading is no replacement for actual trading, they can give beginners insight on how to enter and exit trades by presenting examples in a demo account environment.
One-on-one training is available to larger depositors, and a 24-hour, five days a week customer support department is open. CM Trading provides 11-different international telephone numbers, as well as a fax number.
On their “contact us” page they have several different emails that are geared to either customer services, trading or finance. Besides, CM Trading has a “chat” button, that provides you with the capability to chat directly with a representative. Also, they provide MT4 support, to help beginner traders get started.
CM Trading offers different account types that offer different spreads to clients. Deposits and withdrawals are seamless as access to funds are central to the trust component of a brokerage. CM Trading offers deposit bonuses to traders depositing over 250 USD as an opening amount.
CM Trading has 4-different account types, mini, classic, executive and premium, which are based on the size of your account. The larger the account size, the more options that are available. Every account has access to a demonstration account, which expires within a month but has unlimited demo currency.
All accounts have access to daily and weekly market reviews, as well as leverage that is 200-1. The premium account offers 3-risk free trades (2- for the executive and 1- for the classic), as well as same day withdrawals which is not offered to the lowered tear accounts.
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.
Spreads and Commissions
The bid/offer spreads become more competitive as the account size grows. The spreads available on the mini and classic account are in line with other reputable brokers. For “Mini” and “Classic” accounts, spreads on major currency pairs average between 2 to 3 pips. The higher tier accounts provide spreads as low as 1-pip on major currency pairs.
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.
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.
Deposits and Withdrawal Fees
CM Trading simplifies deposits and withdrawals by using a wide range of methods. They accept all major credit and debit cards as well as wire and bank transfers. CashU, Neteller, and Fasapay. Withdrawals are processed quickly if internationally identity documentation is in place. For premium accounts, they offer same day withdrawals, which is not found at many other brokers.
CM Trading Platforms
CM Trading offers a customized version of the popular Meta Trader 4 platform which has become the benchmark brand for forex and CFD trading platforms. 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 Mobile Apps
In addition to the downloadable MT4 platform, CM Trading offers a web-based platform driven by Sirix, that can be used on smartphones and tablets. CM Trading also offers a mobile trading platform driven by MT4
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|
Review 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.
CM Trading is a traditional FSCA-regulated market maker broker focused on its South African client base. They have established themselves, and are today, as an award-winning, trusted brand in the African forex industry
The platform offering centres around MT4 which is advantageous to the experienced trader and offers a downloadable as well as a mobile platform. The spreads are in line with competitors, but if you are trading an account above 25K, you qualify for exceptionally tight spreads.
CM Trading checks all the boxes as a trustworthy, technology savvy broker, that provides superior trading tools, and liquidity with your funds.