Forex Brokers in South Africa
CM Trading is owned by Global Capital Markets Trading South Africa Private Limited. Currently, they need centres in Seychelles and Johannesburg. Regulated by the Financial Services Board (FSB), the platform has emerged together of the simplest brokerage portals in South Africa .
The last time we reviewed this company, CM Trading was the new kid on the block, just starting out in the South African trading scene. A few good years down the line, CM Trading has 3 consecutive years of winning awards for its excellent performance. Earlier this year, CM Trading won the prestigious award for Africa’s Best Financial Broker in 2019.
How to Open a CM Trading Account?
CM Trading aims to facilitate this registration process and offers a really simple account opening process. To register an account for CM Trading, you would like to follow these simple steps:
- To begin, visit the official website of CM Trading and click on on the ‘Open Account’ option.
- Following this, you’ll be required to fill out a form with the required details. These include your name,
- contact details, and your employment status.
- You can choose your account type as per your trading skills. If you would like to practice trading, choose a
- Demo account, otherwise you can choose a Live Trading account directly.
- After you accept the terms and conditions, your registration are going to be complete.
CM Trading Education
Looking for new educational materials?
Well, look no further! CM Trading clients have access to a rich selection of educational materials and mediums. Reach for an eBook on commodity or stock trading or watch this broker’s latest video tutorial. The award-winning brokerage also offers daily market reviews, trade of the month updates, and 1-on-1 training sessions with your dedicated market analyst.
If you are new to trading online, make sure to always consult with your market analyst before you execute a trade. This course of action will not only help you avoid unnecessary risk, but it will also you what to do the next time around.
To make a deposit with CM Trading you have a wide variety of mediums at your disposal, including wire transfers at Nedbank, Visa, Mastercard,Neteller, and Bitcoin among others. The minimum amount is $250, which is a standard requirement that numerous brokers make to ensure you are financially stable enough to start trading online without burning out in the process.
In addition, this deposit is in no way a payment to the broker. Thy funds are yours, and you can file a request for a withdrawal at any point. The brokerage will only release the money if you have verified your identity with the compliance department as a part of the company’s anti-fraud and ant-money laundering policies.
Please note: Any withdrawal you will request will be sent back using the same method you chose when you made a deposit.
CM Trading Tools
While CM Trading does offer its clients the classic trading tools and feature you would expect any broker to provide, this company definitely goes the extra mile.
CopyKat. This tool lets you copy the top traders on the market, opening and closing trades like theirs. The CopyKat further allows you to customize the trade to your account. For example, if the trader you chose opened on the South African rand against the US dollar and funded it with $100,000, you can put $1000 in yours.
EA Robot on MetaTrader4. The Expert Advisor is a rather new feature on the MetaTrader4 trading platform. This automated trading algorithm allows you to take a hands-off approach to trading online. The bot trades independently on your account, making its calculations, and opening and closing trades on your behalf.With this helpful bot, you get to sit back, relax, and watch the profits roll in.
Trading Central. Gain access to the Trading Central, where you can create your own dashboard and get in-depth analysis and alerts regarding expected movements and market trends. Your personal dashboard is customizable, and you can tailor different aspects of it to your needs.
CM Trading also provides its clients with live trading signals on a daily basis by uploading them onto the website and send them via email twice a day.
CM trading Customer Support
Encountered an unexpected problem or question while trading? You can contact CM Trading through different channels, which consist of a phone call, email, or a live chat. The technical and customer support call canter operates 24 hours a day, 5 days a week (Mondays to Fridays).
We found CM Trading’s customer service to be prompt and effective. The representatives we contacted through each of the methods above were courteous and did their best to help us reach the solution we were looking for.
CM Trading Accounts
To suit the requirements and trading sorts of every trader, CM Trading offers four differing types of trading accounts. The accounts differ from one another on the idea of the speed of trading and therefore the level of study offered. the various sorts of accounts offered include:
Mini Account – The Mini Account of CM Trading is priced between $250-$999. When opening a Mini account, you’ll get a Demo Account and a leverage of 1:200. Featuring a traditional spread, CM Trading will provide you with a daily and a weekly review, along side an e-book for trading.
Classic Account – Priced between $1,000-$9,999; the Classic Account offers leverage of 1:200 and a Demo Account too. It offers you one Risk-Free Trade and features a daily spread. With the Classic Account, you’ll even have access to a webinar which will introduce you to Forex.
Executive Account – Featuring a tighter spread, the chief Account is priced at $10,000-$24,999. The account offers you two risk-free trades. you’ll even have access to 2 webinars – one on the introduction to forex and one on understanding fundamental and technical analysis.
Premium Account – The Premium Account offered by CM Trading is priced straight at $25,000. The account features a competitive spread and allows you to form same-day withdrawals. Further, you’ll be ready to make 3 risk-free trades and run 2 trading strategies. aside from the 2 webinars mentioned above, the premium account also offers access to a webinar on the psychology of trading.
CM Trading has come a long way over the past 10 years or so, growing its presence in Africa and branching out to the Middle East. With several awards and noteworthy achievements under its belt, we are confident that this brokerage has what it takes to go the distance and become an even bigger star on the local scene.
CM Trading contact details:
Address: 82 Maude Street,
Sandton, Johannesburg 2031