CM Trading Fees and Spreads
CM Trading spreads start from the average spread of 0.9 pips EUR/USD, fees, and commission are dependent on the trading account the trader is using. Axiory chargers deposit fees of $100 USD, which is equivalent to 1,200 Botswanan Pula, at the time of writing.
- Lesche Duvenage
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Fees and Spreads Overview
Additional Trading Fees
Broker Fees
Pros and Cons
Final Verdict
FAQ
CM Trading Fees and Spreads – 6 key points quick overview:
CM Trading Fees and Spreads Overview
👉 The spread list for Botswana traders starts from 0.9 pips EUR/USD.
👉 The spreads that traders can expect from CM Trading will depend on the type of account that they use. The average spread list that Botswanans can expect is as follows:
➡️ 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
👉 CM Trading takes broker fees from the spreads, which means that Botswana traders need not worry about paying commissions on their trades.
Additional Trading Fees
👉 Overnight and swap fees are charges or interest that are either credited or debited when Botswana traders keep their positions open for longer than a trading day. CM Trading offers a comprehensive and transparent fee schedule and overnight fees are charged according to the following:
➡️ The position size
➡️ The position of the trader – whether long or short
➡️ The financial instrument that is being traded
👉 To determine the overnight fees on positions when trading with CM Trading, traders can use the following formula:
➡️ The overnight fees = Duration of the position/number of nights x Swap (buy or sell) x The Number of Lots x Point value
👉 Because CM Trading is not a spread betting broker, spread betting fees will not apply.
Broker Fees
👉 Deposit fees are charged when traders fund their accounts using cryptocurrencies. In addition, Botswana traders can expect withdrawal fees on the following 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%
👉 In addition to these broker fees, Botswana traders may be subject to inactivity fees when their trading account goes dormant. These fees will be charged monthly until the trading account balance reaches zero, after which the account will be closed.
CM Trading Pros and Cons
✔️ Pros | ❌ Cons |
Botswanans do not pay any commissions on trades | Deposit fees apply to crypto payments |
CM Trading is transparent about its broker fees | Withdrawal fees apply to several payment methods |
CM Trading caters to all types of traders and offers competitive trading conditions | CM Trading charges inactivity fees |
The swap fees are transparent and Muslim traders are exempted through the Swap-Free account |
CM Trading Final Verdict
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.
Frequently Asked Questions
What is the average spread that CM Trading charges?
The average spreads that CM Trading charges start from 0.9 pips on the VIP and RAW accounts on major instruments such as EUR/USD.
What are the holding fees on a Swap-Free account with CM Trading?
CM Trading does not charge any holding fees.
Does CM Trading charge commissions?
No, CM Trading only charges the spread list.
What is the minimum deposit I pay for a CM Trading Account?
The minimum deposit you must pay is 100 USD / 1,200 BWP.
Do I pay withdrawal fees when I take money from my CM Trading account?
Yes, you pay the following withdrawal fees:
- Bank Wire Transfer – 2%
- Bank Transfer – 2%
- OZOW – 2%
- Electronic Fund Transfer (EFT) – 2%
- Skrill – 2%
- Neteller – 2%
- Credit Card – 2%
- Debit Card – 2%
- M-Pesa – 2%
- Local Mobile Money – 2%
- Cryptocurrencies – 4%
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.