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CMTrading Review – is it scam or safe?

CMTrading Review  – Is www.cmtrading.com scam or safe forex broker?

RATING: 2 / 1 REVIEWS CMTrading
CMTrading is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Mini $250 0.01 lots 1:200 N/A
Standard $1000 0.01 lots 1:200 2.6 pips
Executive $5000 N/A 1:200 N/A
Gold $25 000 N/A 1:200 N/A

 

CMTrading is a forex and CFD broker that offers four types of live trading accounts: Mini, Standard, Executive and Gold. The broker also provides the option for a swap-free Islamic account. There is also a free demo account with virtual $50 000 for test trading.

 

 

The Company. Security of Funds


 

Company Country Regulation
GCMT South Africa Proprietary Limited South Africa FSCA (AR)
Global Capital Markets Trading Limited Seychelles No

 

CMTrading is a collective brand of two entities:Seychelles-based company Global Capital Markets Trading Limited, and South-African Global Capital Markets Trading South Africa Proprietary Limited.

 

While the offshore subsidiary is not licensed, the other entity is registered as a representative of Blackstone Futures, which is duly regulated in South Africa.

 

 

Click on the image to zoom in.

 

South Africa’s regulator of the financial services sector is the Financial Sector Conduct Authority (FSCA), the successor of the Financial Services Board (FSB). The FSCA is responsible for the licensing of financial service providers, and for ensuring that regulated entities comply with the relevant legislation. It also keeps a public register of Authorised Financial Service Providers, so that investors can look up whether a certain broker is FSCA-licensed.

 

 

Trading Platform

 

CMTrading offers to its clients several trading platforms. First and foremost it provides the eternally popular MetaTrader 4 for computers, in a web browser and mobile devices. Then there is the Sirix platform, developed by Leverate. CMTrading offers the Sirix web version, which can be used without having to install it, as well as the Sirix mobile application.

 

The broker also offers CM Trading Sirix CopyKat feature for social trading on Sirix.

 

 

Promotions

 

CMTrading offers two types of promotions. One is an up to 20% deposit bonus for deposits of $500 or more and the other one is a free Intercash international debit card.

 

 

Methods of payment

 

CMTrarding provides several methods of payment to its clients. The broker accepts payments through bank wire, credit/debit card and the electronic payment systems Neteller, CashU and FasaPay.

 

 

Conclusion

 

CMTrading is a South African broker which, judging by the number of posts and likes on its facebook page, it is quite popular among local traders. It is explicable, considering that it operates as a representative of the locally-registered financial company Blackstone Futures.

 

The broker's trading conditions are more or less in the average category and it seems it is a reliable company, as we could not find client complaints about significant problems.

 

Pros Cons
Authorized Representative of a broker licensed in South africa Offshore entity
MT4 supported Spreads above the average
Debit card payments, swap-free accounts  

 

Latest news about CMTrading
No news about CMTrading. Check back later.
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Traders` reviews for CMTrading

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

My experience

I recommend CMTrading.

I loved their training videos and free signals. I addition, they provide great 20% trading bonus of my initial $800 deposit. The Master Card is world-wide usable which is great for traveling traders.

Also, I would like to say that their Support is very helpful and always answer in a polite manner. They are always there when you need them!

Withdrawals are processed ASAP!

Kyle Duncan 03/26/2017
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