CM Trading Cryptocurrency Trading Review

CM Trading is based in Johannesburg, South Africa and deals in Forex, CFDs, stocks, indices, commodities as well as cryptocurrency trading. CM Trading is the brand name of Global Capital Markets Trading and BLACKSTONE Marketing SA (PTY) LTD (GCMT SA). CM Trading was voted “Best Performing Broker in Africa” in 2017. The broker is regulated by the home regulatory board, Financial Services Board (FSB).

 

 

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Note: Your capital is at risk

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About CM Trading

CM Trading is based in Johannesburg, South Africa and deals in Forex, CFDs, stocks, indices, commodities as well as cryptocurrency trading. CM Trading is the brand name of Global Capital Markets Trading and BLACKSTONE Marketing SA (PTY) LTD (GCMT SA). CM Trading was voted “Best Performing Broker in Africa” in 2017. The broker is regulated by the home regulatory board, Financial Services Board (FSB). For providing the most secured trading experience in South Africa, CM Trading holds their client funds in segregated accounts and they (GCMT SA clients) are protected according to the norms of the said regulatory board. The objective of FSB is to provide a stable and secure financial investment environment in South Africa.

 

Account Types

CM Trading offers 4 types of trading accounts:

• Mini account: The minimum deposit for a Mini account is $250 or €250. The maximum deposit is $999.
• Classic account: It is considered to be the most popular type of live trading account at CM Trading. The minimum deposit for the Classic account is $1,000 and the maximum deposit is $4,999.
• Executive account: The minimum deposit for this type of account is $5,000 and the maximum deposit is $24,999.
• Premium account: For Premium account, the minimum deposit is $25,000.

 

Other than the Mini account, all the live trading accounts offer “Risk Free trade” but the number depends on the account type chosen by the trader. The leverage for cryptocurrency trading for all the trading accounts is up to x5 (T&Cs apply) and they offer tighter spreads. The traders at CM Trading can access the brokerage website’s education section and will be provided market reviews on a daily basis. Demo account is another feature, which is offered by the broker.

 

Trading Platform

MetaTrader 4 is the platform offered by CM Trading to the cryptocurrency traders. Built with the objective of becoming the leading trading platform for forex and CFD trading, MetaTrader 4 has also incorporated cryptocurrency trading. While trading cryptocurrencies with MT4 platform, the traders can create signals, scripts and indicators. The MT4 trading platform offered by CM Trading is compatible with the various services provided by the cryptocurrency broker. It also includes Expert Advisor that helps to automate trading operations. CM Trading has selected MT4 for their simple interface, variety of charts available and the presence of several technical indicators and trading tools.

With the advancement and high sale figure of the smartphones, MetaTrader 4 has developed their own app for the benefit of the traders. Now, the cryptocurrency traders can trade from anywhere they want to through their smartphones. MT4 can be downloaded directly from the CM Trading website or the trader can choose to download it from Google Play and App Store.

 

Demo Account

Demo account, an essential feature is provided by CM Trading to their clients. The beginner will find it extremely useful before opening a live cryptocurrency trading account at CM Trading. The cryptocurrency market is highly volatile, so, it is essential to learn the intricacies of trading before operating in real market situation with real money. It will be an educational experience for the inexperienced trader. A demo account can also be used to test trading strategies as CM Trading offers real market situations on their demo account. To open a demo account, the trader has to simply provide their name, email id and their contact number. The country is automatically detected or else one can choose it from the drop down list. After agreeing with their Customer Agreement (T&Cs), Risk Disclosure Statement, Anti-Money Laundering policy, the trader has to click on “Start Trading”. A demo account will be created and the trader can easily switch from it to a live trading account.

 

Education

A large part of the cryptocurrency brokerage website, CM Trading is dedicated to “Education”. The main objective of investing so much in the “Education” section for CM Trading is to educate their clients such that can have the most profitable experience while trading with them. Educational materials include analysis articles on trading signals, technical and fundamental analysis, training videos and much more. They also organise webinars where the traders can meet and discuss several cryptocurrency trading topics. Guardian Angel and Expert Advisors are there to guide the traders in every step of cryptocurrency trading.

 

Support

The customer support team of CM Trading is available 24x5 during weekly trading hours. The trader can contact the team regarding any issue via live chat, email or can call directly at their helpline number. The customer support team is always ready to help out their clients and is reputable in the country.

 

Bonus/Special Offers

CM Trading offers promotions from time to time to the cryptocurrency traders. The traders need to keep an eye on the “Promotions” section in order to take advantage of the special offers of CM Trading. A bonus of up to $1000 and an eBook is given by the broker when the trader deposits for the first time. (T&Cs apply)

 

Deposits and Withdrawals

The trader can make a deposit by using the following modes:

• Major Credit/Debit cards
• Bank Wire transfers
• Visa
• MasterCard
• Neteller
• UnionPay
• Fasapay
• Trustwave

 

The Withdrawal process at CM Trading is fast and easy. The trader directly requests a withdrawal on the Withdrawal Page from their account or can fill out the online withdrawal request form available in the withdrawal section of the broker website. If the internationally mandated identity documentation is in place the Finance Department of CM Trading hardly takes more than 24 hours to process the request.

 

Available Cryptocurrency Assets

Assets: Bitcoin (BTC/USD), Litecoin (LTC/USD), Ripple (XRP/USD), Ethereum (ETH/USD)

Maximum leverage: x5 (T&Cs apply)

Spreads: Spreads usually range from 0.01 to 80.00.

 

Trading Conditions

• The trading hours for cryptocurrency traders at CM Trading is 24/5.
• Minimum Deposit: $250 or €250
• Minimum Investment: The trader must invest in at least 0.10 LOT of the selected cryptocurrency asset.
• Maximum Position Limits: BTC ($500K)*, ETH ($421K)*, XRP ($449K)*, LTC ($630K)*

 

CM Trading can cancel any excess trades that exceed the outlined threshold limits. The cancelled trades are reimbursed to the clients at their opening rates. The threshold limits also depend on the market condition of the particular instrument.

*Depends on the volatility of the present cryptocurrency market.

 

Frequently Asked Questions

1. Is CM Trading a scam?

No, CM Trading is regulated by Financial Services Board (FSB) of South Africa. They offer Bitcoin, Litecoin, Ripple and Ethereum assets and have strict security guidelines.

2. What is the minimum deposit Amount?

The minimum deposit amount is $250 or €250.

3. How fast is the withdrawal process?

The finance department of CM Trading starts processing a withdrawal request within 24 hours.

4. What is the trading platform offered for cryptocurrency trading?

CM Trading offers MetaTrader 4 trading platform for the cryptocurrency traders.

5. What is the maximum leverage offered?

The maximum leverage for cryptocurrency instruments offered at CM Trading is x5. (T&Cs apply)

 

Conclusion

Even though cryptocurrency trading is unregulated in South Africa as well as in many other countries, CM Trading being Forex/CFDs, indices, stocks and cryptocurrency broker is regulated by the FSB. The broker prioritises the security of their clients and offers top few cryptocurrency instruments for the traders to invest in. They also offer a famed trading platform, MT4 that is flexible. Tighter spreads, up to x5 leverage (T&Cs apply), a well-established education section and various trading indicators and signals are just a few reasons to trade with CM Trading in South Africa.

Note: Your capital is at risk