When you’re new to the forex marketplace, ready to start trading, but not sure exactly how to go about it, CM Trading is the place to start. Established in 2011, CM Trading is a relative newcomer in the world of forex trading, but it has already built a good reputation for honesty and as a place for new traders to learn the ways of the forex market. New traders can start with a demo account, letting them learn the basics of trading before moving up to live trades in the market.
It’s easy to sign up at CM Trading. The broker website has a short online form, where you can open a new account. The service and retention departments contact new account holders quickly, to get traders settled in. A key feature, one sure to please any new trader, is the welcome bonus. CM Trading offers new account holders a bonus of up to $2000 on their first deposit.
The customer service department is open 24/5 – around the clock Monday through Friday, just like the markets. If you need help with your trading, it’s available right away. Service is available via email, live chat, and phone, in English and Arabic.
Customer education is one of CM Trading’s strongest points. CM Trading aims to make forex trading an easier, more user-friendly experience. A variety of training videos and trading analyses are available for novice traders, and there are webinars and daily forex news for more knowledgeable traders to get oriented in the sometimes-confusing forex marketplace.
If you’re new to the market, you will have the resources you need to learn how to trade, why to make particular trades, and the advantages of strategic trading. The idea is to help traders turn a successful profit. More experiences traders will benefit from technical and fundamental analyses, regularly emailed market notes, and trading signals, made available on the website or the Facebook page.
One great learning tool that CM Trading makes available to traders, that really is an above-and-beyond offering, is the CopyKat platform. CopyKat harnesses the power of social media methods to make forex trading easy. Users sign up through the Sirix Webtrader platform, and can search and follow other traders on the network. Personal information is protected (profiles are anonymous, and personal information is not visible), but traders can see who is successful in the market and which of their trades are turning profits. This can be used to activate the ‘mirror’ function–you can choose a trader and copy their account activity. When they profit, you’ll profit, even if you are new to the market. The best part is, you can follow their trades at your own level of investment – simply allocate from your account the amount you feel comfortable investing, and CopyKat will make the trades proportional to your investment.
If you don’t want to start by CopyKat trading, CM Trading offers you the highly versatile MetaTrader 4 (MT4) software platform. Just download the software package, install it on your home computer, and you can get started trading.
MT4 takes some time to get used to, but it is time well spent. The platform tracks the market movements for a wide range of currency pairs, and shows that information in graphs and charts to make trading an intuitive exercise. You can make trades with the simple click of a mouse, making your decisions using real-time market information.
There are mobile and tablet platforms, as well as a no-download web trading platform, for traders who are frequently on the move. All of these options use the same account login as MT4 and give easy access to forex markets from anywhere in the world. All you need is Internet access, and you can connect to your trading account, see the currency charts, connect to CopyKat– in fact, you can do anything you want to trade successfully.
Deposits and withdrawals
You can use Mastercard, Visa, debit cards, CashU or wire transfers to deposit funds to your CM Trading account. Withdrawals are made similarly, directly to your bank account or credit cards.
Customers who deposit more than $500 to their account are eligible to apply for the CM Trading prepaid debit card. This card, on the Intercash and MasterCard networks, allows users to make direct deposits and withdrawals from their CM Trading account; make purchases offline, anywhere in the world; and to draw cash from any ATM machine that accepts MasterCard. It’s a versatile card that gives CM Trading’s customers quick access to their account balance.
For financial security reasons, CM Trading requires some basic identification documents to confirm a first deposit and an initial withdrawal. The document requirement is an important security feature, protecting both you and the broker from online fraud or identity theft. The customer service department handles deposit and withdrawal transactions quickly and efficiently, usually within one day.
Financial Security and Regulation
You can’t trade with a broker you don’t trust. CM Trading builds that trust with secure banking practices and strong regulatory oversight. The regulatory agency is the South African Financial Services Board, and independent overseer of South Africa’s non-banking financial services sector, charged with maintaining the honesty and propriety of financial investment in South Africa and online. The FSB is a strict regulator, serving the public interest.
In addition to FSB regulation, CM Trading maintains customer security through strict management of all trading account funds. Customer deposits are kept in segregated accounts, separate from company funds, to ensure that they cannot be used for any purpose other than customer trading activity. Additionally, all company websites and servers are firewall protected to maintain the safety and integrity of customer data.
Overall we would recommend to any trader CM trading as reliable and trusted broker to trade with.