CM Trading – Minimum Deposits

CM Trading – Minimum Deposits

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CMTrading 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

 

Our CM Trading Minimum Deposit Revealed:

 

Minimum Deposit

CM Trading has a minimum deposit requirement of $250.

 

This minimum deposit amount is equal to 3,730 ZAR at the current exchange rate between the United States Dollar and the South African Rand.

 

CM Trading has minimum deposit requirements according to different account types, indicated as follows:

  • Bronze Account – $250 up to $999
  • Silver Account – $1,000 up to $9,999
  • Gold Account – $10,000 up to $99,999
  • Premium Account – $100,000 and more

 

CM Trading is well-regulated by FSCA in South Africa, which means that the broker is required to keep all client funds in segregated accounts, separate from the broker account. CM Trading may not use these funds for anything other than trading activities and it may not be used for operational purposes or to fulfil its financial obligations.

 

Deposit fees and deposit methods

CM Trading does not charge any deposit fees according to the official website. When traders pay the minimum deposit amount of $250, they can use any of the following payment methods:

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

 

When traders deposit the minimum deposit, they can use USD or EUR. When traders deposit funds into their accounts, they must select their payment method carefully as their withdrawals will be processed through the same method.

 

In addition, when depositing funds, traders must do so from an account that features the same name as the name in which they registered a live trading account. The reason for this is that CM Trading prohibits third-party payments or payments from unknown sources.

 

This forms part of the Anti-Money Laundering policies and ensures that traders can trade in a secure and safe environment. If funds are received from unknown sources, the funds will be returned, and traders may be liable for any transaction fees when this happens.

 

The time that it takes for deposits to reflect in the trading account will depend on the payment method that traders use when they deposit funds.

 

Step by step guide to depositing the minimum amount

Once traders have verified their trading account, they can follow these simple steps to deposit the minimum amount:

 

  • Traders can log into their trader’s dashboard and select “Deposit”.
  • Traders can select the account that they want to fund, enter their residential address, Zip code and date of birth and proceed with the deposit.
  • Traders can select their preferred deposit method, enter the amount, and proceed with any additional verifications before their deposit is confirmed.

 

Pros and Cons

PROS CONS
Trusted funding methods offered Limited deposit currencies supported
A choice between different funding options High minimum deposit requirement
Deposit fees are not charged
Quick deposits offered

 

You might also like: CM Trading Account Types

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

 

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

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.