CM Trading Review – Learn Forex Basics & Start Trading

CM Trading is a South African based Forex trading company and its headquarters are in Johannesburg. They are registered with South Africa FSP (Financial Services Provider) which is very strict and is similar to the regulatory bodies of the UK and EU. They also have a branch which operates out of the Seychelles.

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Trading Accounts

CM Trading offer 4 different accounts with a minimum deposit of $250 and their account structure which is a mini account, standard account, executive account and gold account. The mini account is for beginners and the gold for very experienced traders and the investment is above $25,000.

Software Overview

There are two software options and they are MetaTrader 4 (MT4) and Sirix system. The mobile and tablet trader application is available on Apple iStore and on Android store.

For the Sirix platform, one needs to use the web and log into the Sirix site and all the features will be available exactly the same as on your desktop or laptop.

Both systems have built in warnings systems known as the guardian angel to inform you in real time if there are any changes in the market. MT4 allows you to trade multiple commodities at once.

As a beginner, you have the facility of a practice account to help you get the experience and knowledge to train and make sure that you are aware how trading platforms work. Once you have all the training and you feel comfortable understanding the systems then you can go live and start making money.

As a customer, you are also offered the CM Trading Sirix CopyKat. This is a system whereby you are allowed to copy an experienced trader. There are two ways a customer can do this by either seeing what the experienced trader is doing and then deciding whether to follow that particular trader or there is also an automatic system. This way your account is linked to the experienced trader’s account and whenever they trade you also trade. This way you make money when the trader makes money with the added advantage that you do not have to be at the computer.

CM Trading also trade in other commodities such as CFDs, indices, commodities and metals.

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Deposits and Withdrawals

CMTrading makes deposits and withdrawals very easy because they accept all major Credit and Debit cards and also use money brokers CashU and Skrill. Payouts are processed within 24 hours, when all the information that is required is provided and in order, especially for foreign owned accounts. To make the payouts even easier for CM Trading members can be done when they provide a pre-loaded MasterCard that can be used at ATMs and money points globally.

Customer Support

The customer support is on a 24/5 basis during trading hours and the form of communication can be through email, live chat or by telephone. All the assistants are bilingual and there are 16 dedicated international lines to make sure that the customer is able to get professional help.

If you are a new trader in the business, CM Trading has an excellent education program and it covers a lot of features which consist of training videos, an eBook and webinars to keep you up with the latest trends. There is also training with the technical aspects of Forex trading such as support resistance, the MT4 user manual and the ability to ask questions on a blog site and getting answers from fellow traders.

There is also the daily analyses video that is used to give you incite on what the expert’s predictions are and what they expect so that you are able to make informed decisions.

Safety and Regulation

The client’s funds are all kept in segregated accounts and CM Trading is regulated by the Financial Services Provider of South Africa. The FSP number is 38782, registered as Blackstone Marketing SA (PTY) Ltd. The Financial Services Board is an independent institution to oversee the non-banking financial services in the public interest.

Overall Conclusion

CM Trading is well set up and is keeping up with the modern trends of the trading platforms. It has excellent training facilities and is known as one of the market leaders in training new users how to trade. They also have some features that other trading companies do not have which makes it a cut above some traders. It has well-developed customer support center and if you are considering to trade online, the CM Trading website deserves to be considered.

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