CM Trading is an FSCA South Africa regulated Crypto & Forex broker, that is owned by GCMT South Africa (PTY) LTD. Contact phone number is: +27105008026, and customer service email address is: [email protected].
The official website is at: https://www.cmtrading.com/.
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.
Investors who want risk free trades and a CMT debit card for easier withdrawals, should open a standard account with a minimum of $1,000. However, the minimum deposit required for a new trading account is only $250, see here.
Free Trading Signals
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.
Is CMTrading a Legit Broker?
Yes, CM Trading is a licensed and regulated Forex broker. They are regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Their FSCA license number is FSP 38782, under the corporate name Blackstone Marketing SA (PTY) Ltd. Client funds are held in segregated accounts.
- GCMT SOUTH AFRICA PTY LTD is trading as CM TRADING, with Registration # 2013/045335/07. Address: 14th Floor, Sandton City Office Tower 9, Corner Rivonia Road and 5th Street, Sandton, Johannesburg, 2196, South Africa.
GCMT LTD is a Securities Dealer registered in Seychelles, registration # 8425982-1. They are licensed by the Financial Services Authority (FSA), number SD070. Address: Block B, No. 6, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
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.
Compare Licensed Brokers
Traders should always compare their broker with other Forex brokers here.
Try their Free Demo Account, signup here.
*72% of retail CFD accounts lose money