CM Trading is an FSCA-regulated CFD and Forex broker offering a range of account types. While these accounts provide different trading costs, they all have minimum deposits that are higher than average among similar brokers.
CM Trading supports several deposit methods, including credit cards, debit cards, and payment wallets like Neteller and Fasapay. However, it is essential to note that bank wire transfers have a longer processing time than electronic payment gateways.
Deposits
CM trading clients can deposit funds into their accounts using various methods. These include credit and debit cards, payment wallets including Neteller and Fasapay, online banking, and bank wire transfer.
Traders can also fund their accounts in a range of base currencies, including EUR and USD. However, they will be charged a margin at a rate of exchange reasonably determined by CM Trading.
CM trading is regulated in South Africa and Seychelles, and its client funds are segregated from its operating capital. This ensures that the broker can’t dispose of your money without your permission.
Withdrawals
CM Trading client funds are segregated from company capital and held in separate accounts, offering security and peace of mind for traders. Moreover, client money is subject to oversight by the South African and Seychelles monetary authorities.
Traders can deposit and withdraw funds through many methods, including bank transfers, credit cards, and e-wallets. The finance department usually processes payments within three working days.
CM Trading offers an excellent range of Forex pairs and CFDs for stocks, indices, and commodities. Besides, the broker’s high operating standards and encryption of customer data guarantee safety and security to clients.
Minimum deposit
CM trading clients must deposit a minimum of $250 or equivalent in another currency to trade on their account. Traders can choose from a variety of low-fee, instantaneous deposit options. They will receive a proprietary MasterCard prepaid card that allows for immediate ATM withdrawals using funds in their account.
Traders can open a free demo account from the CM trading website to test the platforms and list of instruments before opening a live performance. Once signed up, they will receive login credentials to a demo account within minutes.
CM trading is regulated by the Financial Services Board (FSB) of South Africa and is a genuine and reliable Forex broker. Security of funds is guaranteed through the segregation of accounts and routine auditing requirements.
Platforms
CM Trading offers two platforms: MT4 and Sirix WebTrader, both of which provide full support for automated trading. The MT4 platform is a popular choice and offers thousands of plugins and tools.
The CM Trading, mobile trading platform, allows traders to access their accounts remotely, even when they are not on a computer. This can be an invaluable tool for market analysis and research, as well as for trading on the go.
CM Trading is regulated by the South African Financial Services Commission (FSCA) and the FSA Seychelles. It also has a local branch, GCMT SA (PTY Ltd), responsible for its operations and holds clients’ funds in segregated accounts.
Customer service
Customer service is CM Trading’s priority and is provided through an international network of phone lines, email addresses, and live chat. The team is available on call 24X5 and is eager to help you with registration queries, withdrawal problems, or account questions.
CM Trading provides a safe trading environment through SSL security systems and segregates client funds. They have also introduced a one-time password for added protection.
CM Trading offers a variety of account types and market offerings. Traders can choose from a Silver Account with spreads starting at 1.2 pips on the EUR/USD or a Premium Account with no minimum deposit and a higher minimum trade amount.