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CM Trading Review

  • Regulated by: FSP 3878
  • Safety: segregates client funds
  • Trust Rating: D
Open CM Trading's Website

Losses can exceed deposits

Overview

CM Trading is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices and commodities. For commodity traders, they offer a range of energies, metals and agriculturals.

To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, CM Trading offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . CM Trading puts all client funds in a segregated bank account and uses tier-1 banks for this. CM Trading has been established since 2011, and have a head office in Seychelles.

Before we dive into some of the more detailed aspects of CM Trading’s spreads, fees, platforms and trading features, you may want to open CM Trading’s website in a new tab by clicking the button below in order to see the latest information directly from CM Trading.

Open a demo account Visit CM Trading

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

CM Trading screenshot

PROS

  • Segeregates client funds
  • Established in 2011
  • Regulated by FSP 3878
  • Min. deposit from $250

CONS

What are CM Trading's spreads & fees?

Like most brokers, CM Trading takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on CM Trading’s website. The colour bars show how competitive CM Trading' spreads are in comparison to other popular brokers featured on BrokerNotes.

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, CM Trading's minimum spread for trading EUR/USD is 2.6 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with CM Trading vs. similar brokers.

See all Spreads
Losses can exceed deposits

How much does CM Trading charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with CM Trading at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index.

CM Trading XTB City Index
Spread from: N/A $ 2.00 $ 5.00
Typical overnight fee: N/A $ 7.94 $ 20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $ 9.94 $ 25.6
Visit CM Trading Visit XTB Visit City Index

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Losses can exceed deposits

General Fees

  • CM Trading doesn’t charge inactivity fees*
  • CM Trading doesn’t charge withdrawal fees*

Commissions

  • CM Trading doesn’t charge commission on CFD shares

What can you trade with CM Trading?

CM Trading offers over 50 different instruments to trade, including over 28 currency pairs. We’ve summarised all of the different types of instruments offered by CM Trading below, along with the instruments offered by XTB and City Index for comparison.

FX / Currencies CM Trading XTB City Index
# of forex pairs offered 28 48 84
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs CM Trading XTB City Index
# of commodities offered 6 21 26
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs CM Trading XTB City Index
# of Stocks offered 0 1606 4500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See CM Trading's InstrumentsSee XTB's InstrumentsSee City Index's Instruments
Losses can exceed deposits

What’s the CM Trading trading experience like?

1) Platforms and apps

CM Trading offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. CM Trading also offer their custom CM Trading CopyKat platform.

CM Trading Screenshot See CM Trading 's Platforms

CM Trading also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See CM Trading 's platforms
Losses can exceed deposits

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

CM Trading allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As CM Trading offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that CM Trading offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

CM Trading support a wide range of languages including English, Spanish, Chinese, Arabic, and Indonesian.

CM Trading has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with CM Trading

As CM Trading is regulated by FSP 3878, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore CM Trading’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with CM Trading you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.cmtrading.com on August 23, 2018.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.