Home » Reviews » CM Trading
Broker Review Contents
CM Trading Review
CM Trading is a broker for forex trading. They offer traders with access to a wide range of assets in a number of markets, including currencies, indices, and commodities. They provide a variety of energy, metals, and commodities.
- Established in 2011
- Segregates client funds
- Regulated by FSP 3878
- Min. deposit from $250
- Limited range of instruments
- Doesn’t offer VPS (See alternatives)
- Not FCA Regulated (See alternatives)
A minimum deposit of $250 is required to create a live account. Alternatively, CM Trading provides a demo account that you may use to experiment and become acquainted with their platform.
CM Trading keeps all customer funds in a separate bank account and works with tier-1 banks to do so. CM Trading was founded in 2011 and has its headquarters in Seychelles.
Before we get into the specifics of CM Trading’s spreads, fees, platforms, and trading tools, you may want to open their website in a new window by clicking the button below to get the most up-to-date information straight from them.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are the spreads and costs at CM Trading?
CM Trading, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an item.
The commissions and spreads shown here are based on the CM Trading website’s minimum spreads.
|Forex||CM Trading||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||1.7 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||1.9 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||2.0 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||2.1 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||2.1 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||2.4 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||2.4 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||2.0 pips||0.5 pips||0.1 pips|
Spreads are changeable and are provided solely for research reasons.
As you can see, the minimum spread for trading EUR/USD at CM Trading is 1.7 pips, which is relatively high when compared to the average EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with CM Trading vs other brokers.
How much does it cost to trade 1 lot of EUR/USD with CM Trading?
If you bought one standard lot of EUR/USD (100,000 units) with CM Trading at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $0. Here is a general breakdown of the fees and how they compare to IG and XTB.
|Spread from:||$ 17.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 17.00||$ 6.00||$ 2.00|
|$11 less||$15 less|
|VISIT CM TRADING||VISIT IG||VISIT XTB|
All fees/prices are for informational purposes and are subject to change.
What can you trade with CM Trading?
CM Trading provides over 150 different trading instruments, including over 50 currency pairings. We’ve reviewed all of the various types of instruments offered by CM Trading below, along with comparisons to the instruments supplied by IG and XTB.
|FX / Currencies||CM Trading||IG||XTB|
|# of forex pairs offered||50||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||CM Trading||IG||XTB|
|# of commodities offered||14||34||21|
|Index & Stock CFDs||CM Trading||IG||XTB|
|# of stocks offered||69||8000||1606|
|SEE CM TRADING’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S|
How is the trading experience at CM Trading?
1) Platforms and apps
The popular MT4 forex trading platform is available from CM Trading. See our MT4 broker comparison for a list of the best MT4 brokers. They also provide their own CopyKat platform.
They now provide mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
Still not sure?
2) Executing Trades
You may conduct a minimum trade of 0.01 Lot with CM Trading. This may differ based on the type of account you establish. The maximum trading requirements differ according on the trader and the instrument. Because they provide STP execution, you may anticipate narrower spreads and greater transparency in the price you pay to execute your trades.
As a market maker, CM Trading may have lower entrance criteria than an ECN broker, who usually has greater capital and minimum trade requirements due to a higher number of transactions. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission..
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
Finally, we’ve included a list of some of the most common funding options that CM Trading provides its traders below.
- Allows hedging
- Offers STP
- Allows scalping
- Low min deposit
- Mini account
- Standard account
- Managed account
- Demo account
- Micro account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
English, Spanish, Chinese, Arabic, and Indonesian are just a few of the languages supported by CM Trading.
4) What you’ll need to open an account with CM Trading
Because CM Trading is regulated by FSP 3878, every new customer must pass a few simple compliance tests to verify that you know the implications of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it 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 have to complete a few basic compliance concerns to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their site immediately, it is essential to note that you will not be allowed to execute any trades until you pass compliance, which might take several days depending on your scenario.
79% of retail investor accounts lose money when trading CFDs with this provider.