Independent rating of Forex broker CM Trading

About company

CM Trading is the brand name of Global Capital Markets Trading Ltd located in Seychelles. CM Trading provides a full range of trading services. Notably, the company operates in South Africa, a region with a difficult economic situation. In addition, the broker offers services for traders from all over the globe, which means that the broker is well-known in the international market. CM Trading has to adhere to strict regulatory rules due to its territorial location in South Africa. The Financial Sector Conduct Authority (FSCA) closely monitors the activity of the company. It gave CM Trading a license in 2012. According to the rules, the broker's client funds must be stored in segregated accounts in tier 1 banks, and all personal and transaction data must be encrypted using the latest SSL technologies.

Trading conditions

• forex, CFD, indices, commodities, and metals trading
• four types of trading accounts
• Islamic accounts
• unique CopyKat system that allows beginners to copy the best traders
• trailing stop
• pending orders
• mobile trading
• one-click trading
• expert advisors
• automated trading
• large selection of educational tools: webinars, e-books, training videos
• promotions
• bonuses
• personal manager
• affiliate program

Trading platform

CM Trading offers its clients two trading platforms to choose from - MetaTrader 4 and Sirix WebTrader.

MetaTrader 4 is one of the most popular platforms among traders. It is intuitive and allows investors to use a wide range of trading strategies. MetaTrader 4 gives you access to three execution modes, more than 50 analytical tools, and eight types of orders. It includes the news section and warning systems that help traders keep up-to-date with the latest information from the markets. The MetaTrader 4 trading platform can be downloaded for both iPhone and iPad, as well as for Android.

There are several main advantages of the MetaTrader 4:

• user-friendly interface
• opportunity to update prices online
• access to charts on different timeframes
• large selection of trading tools and technical indicators
• opportunity to place stop limit orders in one click

Sirix WebTrader is a powerful social trading platform created by Leverate, which provides its services to a variety of forex brokers. This software has a built-in indicator, full integration with social trading options, as well as charting options.

• easy-to-use software, no installation required
• 18 languages
• supportive community of forex traders who are ready to help newcomers at any time
• integrated news feed and calendars
• integration with social trading, opportunity to watch the trades of pros

This trading platform enables investors to make transactions in the forex or futures market without using any additional software. It is compatible with Mac and Windows. The native mobile app is available for Apple and Android.

Support service

The customer service is available 24\5. If you have any questions, you can contact it via online chat, email, or phone.

Traders’ reviews

Most often, we encountered negative reviews of traders about CM Trading. Customers complain about inexplicable disconnection of accounts, problems with withdrawal of funds, and bugs in the operation of trading platforms. Some investors call the broker a fraudster, a liar, and a forex kitchen, accusing the company of deleting negative reviews left by its former customers on many Internet resources.

Advantages:

• regulated broker
• large selection of trading accounts and platforms
• Islamic accounts
• expert advisors
• access to the popular MT4 platform
• wide range of free training materials
• bonuses
• affiliate program
• opportunity to copy the best trades of professional investors

Disadvantages:

• high spreads
• bugs in operation of trading platforms
• high minimum deposit
• problems with money withdrawal
• poor communication with support service
• many negative reviews on the Web