CM Trading Review 2020 South Africa: CM Trading broker is one of the biggest brokers in South Africa. They pride themselves in being the most trusted forex trading broker in the foreign exchange market. This forex broker was established in 2012 and has a well-established financial center in Johannesburg, South Africa. They also have an operating centre in Seychelles.
CM Trading has a 24/7 customer support which opens 5 days a week. One of CM Trading’s goal as a broker is to make each South African trader reach their full potential and trade currencies like a professional. The forex broker, which seeks to make Forex trading easy and user-friendly, also allows new forex trading beginners to open demo accounts before they start trading with real money. They also come up with a strategy which effectively uses forex trading signals which meet clients’ trading needs.
In South Africa, the regulatory regime is strict. CM Trading is regulated by the Financial Services Board, which is known as the FSB and has authorized its operation under FAIS License Number 38782. This regulatory firm makes sure that all forex traders in South Africa have a safe and secure trading environment. They also make sure that the investors’ funds are used for trading purposes only.
CM Trading also offers traders with forex education and there are multiple resources that forex trading beginners can utilize. This includes daily Forex news and webinars.
Types of accounts offered by CM Trading South Africa
CM trading offers four different types of accounts. Mini ($250-$999), Classic ($1000-$9 999), Executive ($10 000-$24 999) and Premium account (over $25 000). There’s also a free demo account which is specially designed for beginners.
Types of trading services offered
With CM Trading, you can trade CFDs, Stock, Cryptocurrencies, Forex, Metals, Commodities and Indices.
CM Trading platform and apps
CM Trading offers its traders the most popular and powerful Metatrader4 trading platform. For traders who want to trade on their mobile phones, the broker also offers Sirix, which is a web-based and mobile trading platform service. They also provide a user friendly web and mobile MetaTrader 4 apps, MT4 user manual, CopyKat system, economic calendar and technical analysis.
Payment and withdrawals
CM Trading accepts all major credit/debit cards, Skrill, CashU and bank wire transfers. Withdrawals are processed within 24 hours. For you to make a withdrawal, you need to log into the CM Trading website and click on ‘Withdrawal’ on the top right. You will then be required to complete an online withdrawal request form and then click on ‘Request a Withdrawal’ after completing the form. The finance department will contact you within 24-hours upon receiving your withdrawal request.
In terms of depositing funds into your CM Trading account, there are various ways to go about it. You can use Wire or bank transfer, debit or credit card, CashU, Fasapay or Neteller to deposit money into your account.
With CM Trading, you can learn and practice trading for free. They provide training material such as videos, webinars, e-books and technical analysis for free. They also believe that forex signals education and trading is important, that’s why they help beginners reach their trading goals. Since this broker is FSB regulated, it means your money is safe when you trade with them.