CM Trading review and test – Scam or not?

CopyKat

It is one of the newer tools on the CM Trading site and works especially well for rookie traders looking for an uncomplicated trading tool. It works by selecting a high-earning trader that you know about and replicates his order to a T. It can copy one hundred of the most successful traders in the whole world, input them in the CopyKat system and duplicate their orders.

1×1 trading

This tool is also catered to the beginner, wherein an expert trader will work in full capacity with a less experienced one.  Thus, providing the necessary knowledge to become a better trader.

Smart communication system

It is a unique CM Trading feature wherein the user constantly receives significant updates concerning the financial world. It includes market trends, trading signals, and other relevant details.

You can download this for free and includes additional features like a direct messaging service, a Stop-Loss calculator, and automated feedback from the “Guardian Angel” system.

Mobile applications

Mobile trading allows you to trade anywhere using a handheld device like a smartphone, which is available via the CMTrader application. You can download it on Android, Windows, and iOS devices. Its features include real-time quotes, streamlined integration with desktop, one-click execution, mobile notifications, and updates. Also, tools for charting and indicators are accessible. 

Fees, spreads, and commissions

Similar to actual brokers, CM Trading takes a fee from the floating spreads. A pair mostly utilized in foreign exchange markets like GBP/USD and EUR/USD has a spread of 2.6 and 1.5 pips in the given order, but not as tight as other brokers have. However, the company does not charge extra commissions.

If you think about the total cost, you should know that there is an inactivity fee of fifteen dollars for accounts not used for three months. Positions held at night are charged rollover overnight fees.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 70% of retail CFD accounts lose money)

Customer support

You can contact their customer service team in several ways:

• Online chat: You can message a team member directly by clicking on the chat icon located on the right side of the site.
• Email address: You write a message in [email protected] for client support, [email protected] for Introducing Brokers, and [email protected] for the finance department.
• Phone numbers: The South African number is +27105008026, and the United Kingdom number is +4420333182176.

The best way to get immediate contact with a CM Trading customer representative is through live chat. Chat reps are the fastest to respond to any platform-related questions you may have. You can contact them from Monday to Friday from 0800 GMT+3 to 2100 GMT+3.

You can also visit their social media pages on Facebook, YouTube, and Instagram to contact them and get the most current updates.

Types of accounts

There are many account types available for traders with different skill levels. You can select from these:

• Bronze or Mini account: There are a required initial two-hundred-fifty dollars initial deposit, with a limit of 999 dollars. It has a 400:1 leverage. There are extra features like a daily and weekly market review and an eBook about CM Trading.
• Silver or Standard account: There is a 1k dollar minimum deposit, with a limit of 4,999 dollars. It has 200:1 leverage and standard spreads. You can opt to get a CMT debit card, which you can utilize for deposits and withdrawals. Benefits include a free webinar about foreign exchange and risk-free trade.
• Gold or Executive account: There is a 5k initial deposit, with a limit of 24,999 dollars. It has a 200:1 leverage. It has tighter spreads and the option to get VIP debit cards for cash transactions. The benefits include two webinars about forex and its technical analysis and two trades that are risk-free.
• Premium account: It has a 25k minimal deposit, with 200:1 leverage and very competitive spreads. Added benefits include three risk-free trades, withdrawals on the same day, three webinars including an extra topic about trading psychology.

If you are Muslim and prefer to follow Islamic principles, you can opt for an Islamic account. These types are interest-free with a wide scope of open positions, even if how long it takes.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 70% of retail CFD accounts lose money)

Demo account

If you are still hesitant about selecting an account and want to try out the platform features and tools, you can open a demo account. You can quickly open one in a few minutes and get your login bona fides on the same day. Then, you can pick either Sirix or the MT4 tool to teach yourself.

Payment methods

You can add funds to your chosen account with these accepted methods:

• Debit and credit cards
• Wire transfer
• CashU
• M-Pesa
• Neteller
• FasaPay

There is a minimum deposit amount of fifty dollars, and you will not be charged a deposit fee. Payments are done on the same banking day. Also, Dubai traders have a choice of a local bank.

CM Trading has a new offer: a CMT Prepaid Card, which can be utilized in several options. Also, there are Regular and VIP Cards also available for the most prosperous of CMT traders. There is a twenty-dollar minimal amount for withdrawal. Depositing and withdrawing follow the same online process. Yet, you have to wait three banking days for the Finance department to process it and might call you if they need to verify something.

However, there is a withdrawal fee, which is dependent on how many funds you want to withdraw and the method of payment utilized.

Education

If you want to be a truly effective trader, you have to take advantage of the instructional and educational tools available in the system. Even researching outside the platform, in your time. There are many available that you can readily access:

• Training videos: There are many subject matters you can select and peruse. The topics include simpler ones like “Introduction to the Stock Market,” to more complex subjects like “Chart Patterns: Ascending Triangles Trading Strategy.” To understand them fully, you have to view them in consecutive order.
• Technical Analysis: This is a vital educational tool for the novice trader to teach about supply and demand. It instructs about math formulas that examine its price changes. Expert traders utilize the technical analysis tool to evaluate if a foreign exchange pair is either overvalued or undervalued. It also analyzes if there is a rising momentum, which might result in price changes.

Forex traders utilize key indicators and chart patterns like:

Trend lines-There are two: downtrend and uptrend. An uptrend happens if a foreign exchange pair rises high, which you can trade at a higher amount. It means that those buyers are getting belligerent. When a downtrend happens, a pair can trade lower as the price drops.

• Resistance: It refers to trading pressure.
• Support: It refers to buying demand.
• Moving average: Refers to the calculation of the average price in a specific time.
• Bollinger bands: It refers to the measurement whenever a moving average deviates.
• RSI or Relative Strength Index: Refers to the measurement of the gains against losses of a particular trading tool in a period. Whenever it increases, it means there is a rising momentum. 
• Fundamental Analysis: It refers to the examination of current economic events by foreign-exchange traders. They analyze the info very intently, as any seemingly minuscule alteration in the economy might cause an impact on the price of currencies. Smart traders follow an essential economic principle, wherein a particular country with a strong economy will have a heightened currency demand as their affluent countrymen increase their investment levels. So, whenever great news happens that makes the country’s economic progress, traders may want to buy their currency, fully expecting their currency demand would rise in the future.

Here are some examples of major economic news that forex traders watch out for:

• Webinars: You can attend online seminars at the comfort of your own home and choose from a variety of topics like “What is VIX? Using VIX to Trade the Financial Markets,” or “Charting Made Easy.” There are also experienced resource speakers that have become successful Wall Street traders, like Fred Razak, who acts as a mentor and a “Trading Educator.”
• EA or Expert Advisor: It was mentioned earlier, but only sparingly. This tool works hand in hand with the MT4 platform and primarily assists in automated trading. Its chief purpose is to aid traders in creating and applying new strategies for their own. You can access this by clicking on the topmost portion of the MT4 tool. It is already included once you download the MT4.
• Forex signaIs: It is a truly essential tool if you want to increase your gains from trading. It advises you in making correct decisions at the proper timing. These provide you crucial details about the foreign exchange market, informing you about situations that might affect the price of currencies. Along with it are detailed data and insightful perceptions so that you can make reasonable investment choices. It is a practical method to improve your trading abilities, therefore making it less of a chore and more gratifying.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 70% of retail CFD accounts lose money)

Promotions and bonuses

CM Trading has a promotion on Facebook and Instagram, wherein traders that utilize their platform are awarded and two-hundred-fifty dollar trading bonus, once they like and share the page.

Conclusion: CM Trading is not a scam

If you are looking for the best online trading platform that is a cut above the rest, CM Trading is the one you need. They have the most comprehensive, user-friendly, and efficient tools that can aid in your journey to become a successful online trader.

There are other promotions for first-timers like:

• Once you deposit to any account for the first time, you will get an eBook for free.
• If you deposit five hundred dollars to any account, you can receive a twenty percent bonus that can go as high as 1k dollars.
• If you deposit 1k, you are eligible to get an “Intercash International” debit card.

Here are so many aspects about the CM Trading platform that customers find truly beneficial and helped them to be better traders:

• Extensive educational materials
• MT4 and mobile platform
• Forex signals daily
• Promotions
• Bonuses
• Copy-trading

There are some elements that clients recommend improving upon:

• Withdrawal fees
• Wide forex spreads

CM Trading review

Review of the broker CM Trading

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Summary:

CM Trading can impress with qualitative trading platforms and a wide range of advanced training.

5

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 70% of retail CFD accounts lose money)

FAQ – The most asked questions about CM Trading :

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Last Updated on January 27, 2023 by Arkady Müller

Risk Warning:

The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Your capital can be endangered. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.

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(Risk warning: 70% of retail CFD accounts lose money)