CM Trading is a CFD Forex broker owned by Global Capital Markets Trading Ltd. Their address is P.O.Box 343, Victoria, Mahe, Seychelles. Their phone number in South African is: +27 10 500 80 26 and from the United Kingdom +44 203 318 2176.
CM Trading Platform Review
Traders at CM Trading can use a variety of platforms for trading including, MetaTrader 4, Sirix WebTrader, Tablet Trader (mobile optimized website) and for mobile they work with the MT4 App, which is available for iPhones and Android.
Leverage on Forex trading is 200:1, this is pretty standard with all Forex brokers. New traders should be careful when using leverage, as it is very risky.
The assets available for trading include all major Forex pairs, CFD’s on Forex, Indices, Commodities and Metals. The leverage on popular assets like Brent and Crude Oil, Sugar, and Natural Gas is 100:1. Traders who want risk free trades and a CMT debit card for easier withdrawals, should open a standard account with a minimum of $1,000. The minimum initial deposit requirement for a new account is $250, see here.
Exclusive Special Offer: Go here to get your 20% bonus.
The most popular trading signals nowadays are copy trading or what some brokers call social trading.
At CM Trading, the feature is available in their Sirix web based trading platform and it is called CopyCat. There are a wide range of traders to copy and follow. When researching a trader to copy, it is important to understand that the results you see of their performance do not include open trades.
For example, we saw a trader with 826% returns! When you look at his open positions, there are a bunch of losers that haven’t been closed. So it was probably someone trading a demo account.
CM Trading License
We reviewing a Forex broker to see if they are a scam broker or a legitimate broker, the first this to do is check for a valid brokerage license. Many South African traders have had problems using unlicensed brokers, and it is nice to see a broker that is safe for Forex traders in South Africa.
CM Trading is a licensed and regulated Forex broker. They are licensed by the Financial Services Board (FSB) in South Africa. Their license number is FSP 38782, under the corporate name Blackstone Marketing SA (PTY) Ltd. Client funds are held in segregated accounts.
Compare CM Trading
Traders should always compare their broker with other Forex brokers here.
Markets.com (read review) is very popular CFD Forex broker that is a favorite with traders in South Africa. They are licensed both in South Africa and Europe, and you can start with $25 free, see here.