CM Trading Review

CM Trading Overview

Overall, CM Trading is considered low-risk, with an overall Trust Score of 91 out of 100. CM Trading is licensed by zero Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). CM Trading offers four retail trading accounts: a Bronze Account, Silver Account, Gold Account, and Premium Account.

CM Trading is a South African company that opened in 2012 under Blackstone Marketing SA (PTY) LTD. However, it is still subject to regulation by the FSCA, the governing body in its home city of Johannesburg, and the FSA in Seychelles.

Compared to European Union and United Kingdom authorities, it has less stringent regulations. For example, the FSCA requires all brokers to keep customer cash in separate accounts. However, it does not require them to provide negative balance protection or adhere to leverage limits.

CM Trading operates openly and honestly, placing a premium on the safety and protection of its customers. CM Trading also offers access to various robust trading platforms that may meet the demands of traders of all experience levels.

You can boost your trading efficiency and produce new trade ideas using the broker’s wide variety of trading tools. CM Trading succeeds in this area and differentiates itself from the competition. They stress the importance of traders receiving enough training and making calculated judgments based on thorough research.

CM Trading accepts Botswanan clients and has an average spread from 0.9 pips with zero commission charges. In addition, CM Trading has a maximum leverage ratio of up to 1:200, and a demo and Islamic account are available.

MT4, CM Trading (Web), CopyKat, Expert Advisors, and Trading App platforms are supported. CM Trading is headquartered in South Africa and is regulated by the FSCA and FSA.

CM Trading Distribution of Traders

CM Trading currently has the largest market share in these countries:

South Africa – 50.6%

Nigeria – 30%

Kenya – 9.7%

Botswana – 2.4%

Zimbabwe – 0.5%

Popularity among traders who choose CM Trading

CM Trading has a decent market share in Botswana, making it one of the Top 20 brokers for the region.

CM Trading at a Glance

CM Trading Regulation and Safety of Funds

👉 CM Trading is a fully licensed broker that aims to ensure that its trading platforms are secure, safe and that there are transparent conditions offered to all traders. CM Trading operates through the following entities:

➡️️​ GCMT South Africa Pty Ltd, which is trading as CM Trading, is registered under 2013/045335/07. In addition, this entity is a representative and an agent of Blackstone Marketing Pty Ltd, which is registered under 2010/010099/07 with Financial Service Provider (FSP) number 38782.

➡️️​ GCMT Limited trades as CM Trading and is a licensed Securities Dealer that is registered in Seychelles. CM Trading is registered under 8425982-1 and is regulated by the Financial Services Authority (FSA) in Seychelles, under license number SD070.

👉 The Financial Sector Conduct Authority (FSCA) is a respected and well-established market regulatory and regulatory authority in Africa. It is the only regulatory body for financial institutions in South Africa that covers banks, retirement funds, administrators, insurers, and all market infrastructures, ensuring that consumers are protected.

👉 CM Trading has been regulated by the FSCA since 2012 and this license and regulation can be verified by Botswana traders when they visit the official FSCA website.

👉 In addition to the FSCA regulation, CM Trading obtained FSA regulation in 2021, striving to provide quality trading services in this region to beginner traders and professional investors.

CM Trading Account Types and Features

👉 CM Trading offers some of the best trading conditions in the industry, distributed across four unique retail investor accounts. Each of these accounts serves to provide different traders with unique trading conditions and features that will suit their trading needs and objectives.

The account types that CM Trading offers are:

➡️️​ Bronze Account

➡️️​ Silver Account

➡️️​ Gold Account

➡️️​ Premium Account

Live Trading Accounts

✅ Bronze Account

👉 The Bronze Account offered by CM Trading is an entry-level account that has the following unique features.

✅ Silver Account

👉 The Silver Account is one of CM Trading’s most popular options because it is suited to most types of traders.

✅ Gold Account

👉 The Gold Account offers some of the best trading conditions to active traders, high-frequency traders, expert advisors, algorithmic traders, and other short-term, competitive traders.

✅ Premium Account

👉 The Premium Account is dedicated to professional traders who want the most from their trading account. This account has the best features and options available.

✅ Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.

👉 There is a certain degree of risk involved when trading financial markets and CM Trading offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

✅ Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

👉 CM Trading is a forex broker that is compliant with all requirements surrounding Sharia law as well as the principles of Islamic Finance. CM Trading offers swap-free trading accounts that are exempted from swap charges and rollover interest when Muslim traders hold positions overnight.

👉 In addition, Muslim traders are only given access to financial instruments that are Shariah-compliant, which means that cryptocurrencies and stocks are not available for trading when using an Islamic swap-free account.

Account Registration

👉 To register an account with CM Trading, Botswana traders must complete a short online form. Once the application has been completed, traders must verify their email addresses and provide proof of their identity and proof of residence.

👉 Once the information and documents have been verified, the account will be approved, and traders can fund their account using the flexible deposit options provided by CM Trading.

Overall Rating

• 4.8/5

Min Deposit

USD100

Regulators

FSA

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

154

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Read Review

OPEN AN ACCOUNT

on CM Trading’s website

CM Trading VS Exness VS Tickmill – Broker Comparison

Trading Platforms

👉 CM Trading offers the following trading platforms:

➡️️​ MetaTrader 4

➡️️​ CM Trading Web

➡️️​ CopyKat

➡️️​ Expert Advisors

➡️️​ Trading apps

✅ MetaTrader 4

👉 CMTrading’s MetaTrader 4 platform has been completely integrated into the broker’s service portfolio, enabling customers to experience trading as it should be, including tight spreads, no requotes, and market execution. MetaTrader 4 is the appropriate platform for all trading strategies despite the account type that traders use.

👉 It gives assistance and all the tools necessary to properly trade utilizing expert advisors and permits trading methods such as hedging, algorithmic trading, auto trading, or scalping. These are crucial aspects in completing effective trade execution utilizing Technical Analysis without delay.

👉 Traders who have developed their own expert advisors can easily integrate them into CM Trading’s MetaTrader 4. Alternatively, advanced traders can develop expert advisors using MetaTrader 4’s programming language.

👉 MetaTrader 4’s programming language also permits the development and modification of custom-made indicators and a wide range of advanced charting tools.

✅ CM Trading Web

👉 For currency traders, CMTrading WebTrader is a significant change because it enables them to trade from their mobile devices such as smartphones and tablets without having to download or install any software.

✅ CopyKat

👉 CM Trading’s proprietary CopyKat trading platform is suited to beginner and professional traders who want to copy the trading strategies of successful traders. With CopyKat, traders can follow expert traders and copy their trades to their own trading accounts.

👉 Every time these successful traders trade, the trades will take place on the account of the trader and when these traders make a profit, so will the trader.

✅ Expert Advisors

👉 MetaTrader 4’s expert advisors (EA) facilitate automated trading. The MQL programming language, developed specifically for automated trading, is used to generate EAs.

👉 There are numerous pre-existing classes and methods in the robust computer language that traders may use to swiftly build and implement new trading techniques. Meta Editor is also supplied with each MT4 platform. The Meta Editor is a compiler that has been designed expressly to be used by this MQL programming language.

✅ Trading Apps

👉 CM Trading offers iOS mobile device users the opportunity to access the proprietary WebTrader when they download and install it to their devices. The CM Trading app helps traders analyse currencies, access real-time data, and place orders.

👉 Any economic news release that occurs throughout a normal 24-hour trading day may have a significant impact on the main currency pairs in the forex trading sectors. Having access to conversations, quotations, market news, and their retail investor accounts from anywhere and at any time is a big plus for skilled and active currency traders.

👉 This is the primary reason why forex trading software has grown so popular. All the well-known forex brokers provide their customers with mobile apps, and CM Trading is no exception.

CM Trading Range of Markets

👉 CM Trading offers the following range of tradable instruments:

➡️️​ Currency trading

➡️️​ Stocks

➡️️​ Indices

➡️️​ Cryptocurrencies

➡️️​ Commodities

➡️️​ CFDs

CM Trading Trading and Non-Trading Fees

Spreads

👉 The spreads that traders can expect from CM Trading will depend on what they trade, the retail investor account they use, and what the market conditions are on the day of trading. The typical minimum spreads that traders can expect include:

➡️️​ Bronze Account – Regular spreads

➡️️​ Silver Account – 1.2 pips EUR/USD

➡️️​ Gold Account – from 0.9 pips EUR/USD

➡️️​ Premium Account – from 0.9 pips EUR/USD

Overnight Fees, Rollovers, or Swaps

👉 When Botswana traders keep their positions open for longer after the trading day has passed, they may incur overnight fees. These rates are determined by the position that traders hold, the financial instrument they trade, and their position size.

To determine the overnight fees on positions, traders can use the following formula:

➡️️​ The overnight fees = Duration of the position/number of nights x Swap (buy or sell) x No of Lots x Point value

Deposit and Withdrawal Fees

👉 CM Trading charges deposit fees when traders use cryptocurrencies to fund their accounts. Withdrawal fees are applied to the following withdrawal methods:

➡️️​ Bank Wire Transfer – 2%

➡️️​ Bank Transfer – 2%

➡️️​ OZOW – 2%

➡️️​ Electronic Fund Transfer (EFT) – 2%

➡️️​ Skrill – 2%

➡️️​ Neteller – 2%

➡️️​ Credit Card – 2%

➡️️​ Debit Card – 2%

➡️️​ MPesa – 2%

➡️️​ Local Mobile Money – 2%

➡️️​ Cryptocurrencies – 4%

CM Trading Deposits and Withdrawals

👉 CM Trading offers the following deposit and withdrawal methods:

➡️️​ Bank Wire Transfer

➡️️​ Bank Transfer

➡️️​ OZOW

➡️️​ Electronic Fund Transfer (EFT)

➡️️​ Skrill

➡️️​ Neteller

➡️️​ Credit Card

➡️️​ Debit Card

➡️️​ MPesa

➡️️​ Local Mobile Money

➡️️​ Cryptocurrencies

Overall Rating

• 4.8/5

Min Deposit

USD100

Regulators

FSA

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

154

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Read Review

OPEN AN ACCOUNT

on CM Trading’s website

CM Trading Education and Research

👉 CM Trading offers the following educational materials:

➡️️​ eBooks

➡️️​ Training Videos

➡️️​ Webinars

➡️️​ Live Seminars

👉 For those who want to learn about the fundamentals of trading, CM Trading’s eBooks are an excellent source of information. Financial markets, strategy, psychology, money management, technical analysis, and more are all discussed.

👉 There are two different areas for introductory courses and in-depth courses provided by CM Trading in addition to eBooks. These well-illustrated videos provide a wealth of information about trading. Trading platforms, trading tools, and social trading are some of the topics covered in this course.

👉 CM Trading sometimes offers free webinars that traders can sign up for, but they are infrequent. Participating in online trader chats is a great way to broaden your trading horizons. Traders can also view previous webinars on the official CM Trading website.

👉 In terms of research tools, CM Trading offers the following options to advanced traders:

➡️️​ Daily Market Reviews

➡️️​ Trading Signals

➡️️​ Economic Calendar

➡️️​ Calculators

➡️️​ Fundamental Analysis

➡️️​ Technical Analysis

CM Trading Affiliate Program

👉 CM Trading offers a comprehensive parentship program that offers the following:

➡️️​ Quick pay-outs and complete transparency

➡️️​ Dedicated customer service and support

➡️️​ A personal manager

➡️️​ An FSCA-regulated environment

➡️️​ Attractive and flexible commission schemes

➡️️​ Fresh, localized marketing material

➡️️​ A high conversion rate

👉 In addition, CM Trading also offers a loyalty program that can be divided into the following tiers:

➡️️​ Bronze – with competitive plans, certificate of achievement, online marketing tools, IB starter pack, and free webinar hosting.

➡️️​ Silver offers access to all the benefits in the Bronze Tier along with a personal business developer, marketing budgets, and promotional material.

➡️️​ Gold offers access to the same benefits as Bronze and Silver in addition to extra targets commissions, customized marketing material, exclusive business cards, custom-built websites, and the attendance of CM Trading at events.

➡️️​ The Platinum tier is the highest and offers unrestricted access to exclusive tools as well as promotions, professional guidance, financial advice, and assistance.

Verdict on CM Trading

👉 CM Trading is a South-African online trading broker that offers a wide range of trading instruments spread across several financial markets. CM Trading offers online trading that caters for traders despite their trading experience, skill, or unique trading style, making it ideal for Botswana traders.

👉 CM Trading offers MetaTrader 4, which is a popular trading platform, WebTrading, and mobile trading apps that can be used to keep traders updated while they are on the move. In addition, the proprietary mobile app has the same functions as the CM Trading web-based platform.

👉 CM Trading offers commission-free trading despite the type of trading account traders use and there are a plethora of trading tools offered including daily market review, market trends, market volatility indicators, and other powerful features.

👉 CM Trading has a dedicated customer support team that offers professional guidance in all matters relating to the trading industry. CM Trading also offers several payment methods and deposit currencies, allowing traders to deposit in their local currency.

👉 While deposit fees are only charged on crypto payments, CM Trading applies withdrawal fees to all withdrawal options, which is a drawback.

Overall Rating

• 4.8/5

Min Deposit

USD100

Regulators

FSA

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

154

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Read Review

OPEN AN ACCOUNT

on CM Trading’s website

CM Trading Pros and Cons

Frequently Asked Questions

How can I withdraw my funds from CM Trading?

To withdraw funds from your CM Trading account, you can log into the website, navigate to the “Withdrawal” section, complete the form, and send it through to CM Trading.

What is the withdrawal time with CM Trading?

With CM Trading, withdrawal times vary from immediate to up to ten business days for certain withdrawal methods.

Does CM Trading offer any bonuses or promotions to Botswanans?

No, CM Trading does not currently offer any bonuses or promotions.

Does CM Trading have Volatility 75?

Yes, CM Trading provides Volatility 75 as a CFD on Indices under the symbol “VIX.”

Is CM Trading regulated?

Yes, the Financial Sector Conduct Authority (FSCA) and the Financial Services Authority (FSA) in Seychelles and South Africa supervise CM Trading.

Does CM Trading have Nasdaq?

Nasdaq can be traded with a leverage of up to 1:50 and is offered by CM Trading under the ticker symbol “NSDQ” or “USTECH.”