CM Trading – Account Types

CM Trading – Account Types

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CMTrading - Account Types

Overall Rating

4.8/5

Rated #7 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

154

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Our CM Trading Account Types Revealed.

CM Trading Overview

CM Trading was established in 2012 and it is a well-regulated forex and CFD provider based in South Africa that conducts its marketing activities through Blackstone Marketing Proprietary Limited.

In addition, CM Trading has regulation and authorization through the FSCA in providing trading services and solutions in South Africa and abroad.

CM Trading offers traders a wide range of markets that are spread across forex, commodities, cryptocurrencies, indices, metals, and more. These can be traded through powerful trading platforms namely MetaTrader 4, Sirix, and CopyKat.

CM Trading offers a choice in trading accounts, and each caters to the needs of different traders. In addition, CM Trading also offers a range of educational materials and helpful trading tools that traders can use to refine and improve their trading across several markets.

CM Trading Account Types

CM Trading offers traders a choice between four different account types with unique, innovative, and comprehensive features and some of the best trading conditions in the industry. These accounts are as follows.

  • Bronze Account
  • Silver Account
  • Gold Account
  • Premium Account

In addition to this, CM Trading offers traders the option of registering a demo account across all four accounts in addition to offering the option for an Islamic Account on all account types, exempting Muslim traders from being subject to earning/paying interest.

CM Trading Account Features

Bronze Account

The bronze account is CM Trading’s entry-level account that offers the following features.

  • A minimum deposit between $250 and $999
  • Access to a demo account
  • Access to different market reviews
  • CM Trading eBook
  • The ability to attend different webinars
  • Access to regular spreads
  • Access to an introduction to VOD

Silver Account

The Silver Account is the most popular option offered by CM Trading and it is suited to most traders who have some experience in financial markets and trading. The Silver Account features the following.

  • A minimum deposit between $1,000 up to $9,999
  • Access to a demo account
  • Access to different market reviews
  • CM Trading eBook
  • The ability to attend different webinars
  • Variable spreads from as low as 1.2 pips EUR/USD
  • Access to advanced VOD
  • Live trading signals that are provided through Trading Central
  • Market analysis that is offered through Trading Central
  • Access to 1 risk-free trade
  • Access to a personal assistant free of charge

Gold Account

The Gold Account offers traders some of the best trading conditions and offers additional benefits in addition to the following features.

  • A minimum deposit between $10,000 up to $99,999
  • Access to a demo account
  • Access to different market reviews
  • CM Trading eBook
  • The ability to attend different webinars
  • Access to spreads from as low as 0.9 pips EUR/USD
  • Access to a professional introduction to VOD
  • Live trading signals that are provided through Trading Central
  • Market analysis that is offered through Trading Central
  • Access to 3 risk-free trades
  • Access to a dedicated account manager
  • Access to cash-back rebates
  • The ability to register for an ECN Account

Premium Account

This is the perfect account that caters specifically to professional traders who want to get the most from their trading activities. This account has the best, most premium features and the following specifications.

  • A minimum deposit of $100,000 and more
  • Access to a demo account
  • Access to different market reviews
  • CM Trading eBook
  • The ability to attend different webinars
  • Access to spreads from as low as 0.9 pips EUR/USD
  • Access to a professional introduction to VOD
  • Live trading signals that are provided through Trading Central
  • Market analysis that is offered through Trading Central
  • Access to 3 risk-free trades
  • Access to a dedicated account manager
  • Access to cash-back rebates
  • The ability to register for an ECN Account
  • The ability to customize the account according to the needs and objectives of the trader
  • Access to a Trading specialist for investment and trading advice
  • Access to a dedicated trading room
  • Some of the best news and analysis to help with efficient fundamental analysis
  • Special offers

CM Trading Demo Account

The CM Trading Demo Account offers traders the option of testing out the live trading accounts that the broker offers along with their features. This is all done in mirrored live trading conditions without traders risking their funds.

Traders can place trades in a live environment using virtual funds and while most traders believe that the demo account is only intended for beginners, it is a useful tool that can be used by experienced and professional traders as well.

Traders can use the demo account to practice their trading strategies before they apply it in a live environment where they will inevitably risk their capital. By using the demo account, traders can tweak their trading strategies accurately and safely until they are happy with the outcome.

CM Trading Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

CM Trading offers Muslim traders the option of converting their live trading account into an Islamic account that is swap-free and subsequently does not carry any swap charges or rollover interest.

By using this account, Muslim traders are also granted access to Sharia-compliant and approved financial instruments. However, traders must note that shares and cryptocurrencies are currently not available for trading when using the Islamic Account.

Traders can convert their live trading account by registering for a live account of their choice and contacting CM Trading customer support once the account is verified. Once approved, traders can make the necessary minimum deposit to activate their Islamic Account.

The advantages of the Islamic account include.

  • The ability to trade any financial instruments apart from cryptos or shares.
  • Access to a completely interest-free account.
  • Access to instant trade execution, instant contract settlement, and zero rollover interest on all trades.

CM Trading Pros and Cons

PROS CONS
Well-regulated and reputable There is a high minimum deposit requirement of $250
Wide range of tradable instruments United States clients are not accepted
User-friendly trading platforms offered Fixed spreads are not offered
Daily market analysis is provided
Commission-free trading accounts offered
Educational sources are offered
A plethora of social trading opportunities are offered
Different trading styles are supported

CM TRADING AT A GLANCE

Broker's Name CM Trading
Headquartered South Africa
Year Founded 2012
Regulating Authorities FSCA
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Maximum Leverage 1:200
Minimum Deposit $250
Deposit Options
  • Bank wire transfer
  • Debit & credit cards
  • Neteller
  • FasaPay
  • M-Pesa
Withdrawal Options
  • Bank wire transfer
  • Debit & credit cards
  • Neteller
  • FasaPay
  • M-Pesa
  • Online Naira
Platform Types
  • MetaTrader 4
  • Sirix
  • CopyKat
OS Compatibility Android, iOS, Windows, Linux, macOS
Tradable Assets
  • Forex
  • CFDs
  • Commodities
  • Indices
  • Cryptocurrencies
  • Shares
Languages supported on Website English, Arabic, Russian
Customer Support Languages Multilingual
Customer Service Hours 24/5

You might also like: CM Trading Demo Account

You might also like: CM Trading Fees and Spreads

You might also like: CM Trading Islamic Account

You might also like: CM Trading Minimum Deposit

Overall Rating

4.8/5

Rated #7 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

154

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with CM Trading?

You can trade any of the following instruments.

  • Forex
  • CFDs
  • Commodities
  • Indices
  • Cryptocurrencies
  • Shares

Which platforms are supported by CM Trading?

CM Trading supports the use of the following.

  • MetaTrader 4
  • Sirix
  • CopyKat

Does CM Trading offer leverage?

Yes, CM Trading offers leverage up to 1:200.

What spreads can I expect with CM Trading?

You can expect spreads from 0.9 pips on the Gold and Premium Account.

Does CM Trading charge commission?

No, CM Trading does not charge commissions. The broker’s fee is included in the spread.

Are there additional charges on the Islamic account?

No, there are no additional charges on the Islamic Account.

Is CM Trading regulated and by whom?

Yes, CM Trading is regulated by the FSCA.

Is CM Trading a recommended forex trading broker for experts and beginners?

Yes, CM Trading is a recommended forex trading broker for both beginner and expert traders.

What is the overall rating out of 10 for CM Trading?

8/10.

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

Does CM Trading offer a demo account?

Yes, CM Trading offers a demo account.

How long is the demo account valid?

The demo account is available for an unlimited period if it is actively being used.

Which live trading accounts does CM Trading offer?

CM Trading offers the following live trading accounts.

  • Bronze Account
  • Silver Account
  • Gold Account
  • Premium Account

Does CM Trading offer an Islamic Account?

Yes, CM Trading offers an Islamic Account on all account types offered.

What are the available deposit currencies for a live trading account?

CM Trading supports the use of EUR or USD.

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with CM Trading?

$250.

How do you make a deposit and withdraw money with CM Trading?

You can use any of the following.

  • Bank wire transfer
  • Debit & credit cards
  • Neteller
  • FasaPay
  • M-Pesa
  • Online Naira

Does CM Trading charge withdrawal fees?

Yes, CM Trading may charge fees on some withdrawal methods.

How long does it take to make a withdrawal?

This will depend on the withdrawal method that traders use. Some withdrawals may be instant whereas others can take a few days to process and clear.