CM Trading Quick reference
The brand belongs to two companies: GCMT SA and Global Capital Markets Trading. It is licensed by the Financial Regulator of the Republic of South Africa (FSCA).
Either the translation of the Russian-language version of the site is kind of specific, or we are dealing with some special South African terminology. For example, we opened the “Social Trading” tab with interest and became kind of disappointed, realizing that it was about banal following: to observe the trading of other traders on MetaTrader 4 and copy the options you like.
- contracts for difference.
- MetaTrader 4, which has gained wide popularity among beginners and experienced traders around the world.
- CM Trading Sirix - is own development of the company. The creators mention the following advantages:
- availability of backup;
- availability and updates around the clock;
- the ability to simultaneously manage multiple accounts at once;
- latest convenient functionality;
- increased security due to interface protection and information encryption;
- simplicity and intuitive.
CMTrading offers 4 types with the classic principle: more deposit - more opportunities.
«Mini» account can be opened with a minimum investment of $ 250. The broker promises to provide market overviews every day and in-depth analytics once a week. And as a greeting the broker will give you its own electronic textbook CM Trading. The maximum leverage is 1: 200. It is noteworthy that it will be the same in all types of accounts.
«Classic» account is for deposits from 1 to 5 thousand dollars. One risk-free trade and training webinars are added.
«Managerial» account is available when investing 5-25 thousand $. The owners of the account are provided with two risk-free transactions, materials on technical and fundamental analysis. Also they may get reduced spreads, specific figures for which cannot be found in the Russian version of the site.
«Premium» account is available when depositing over $ 25,000. As a bonus, the owners of the account get the materials on the psychology of trade and 3 risk-free transactions. They are also offered two trading strategies designed for the wishes and peculiarities of the client, plus the minimum possible spreads. The broker also promises an accelerated withdrawal of funds for VIP clients - within only 1 day.
Depositing and withdrawal
You can deposit money in the following ways:
- via bank transfer
- via payment systems CashU, Fasapay and Neteller.
But the withdrawal scheme is alarming. CM Trading offers the following algorithm:
- send request
- wait for the call of the manager who will contact you within 24 hours
- discuss the details of the withdrawal with the company employee.
Conclusion about CMTrading
On the one hand, it has been working since 2014 and is regulated. On the other hand, a license from South Africa will not help traders beyond its borders. We level down mark for not sufficiently informative content of the site and for the fact that money can be withdrawn only after filling out the application and personal communication with the manager.