CM Trading Review: To add to our journey of providing an unbiased review of binary options broker, we are going to review CM Trading. As always, the review will encompass several aspects about the CM Trading and how it compares to other actors such as option robot and several signal services on the field. Short review will tell you whether or not you should be involved with this actor and if it can help you in your binary trading success.
The review will provide detailed information regarding the organization, the promoters, kind of platform being provided by the brokerage house, the financial dealings by the CM Trading including bonuses, deposits & withdrawals, and the customer service offerings. To know more please read on…
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The CM Trading is owned by the Global Capital Markets Trading Limited, an organization having its registered address at P.O.Box 343, Victoria, Mahe, Seychelles.
It is important to note here that the CM Trading (or the Global Capital Markets Trading Limited) does not have a regulatory approval from the well-known binary regulator like the Cyprus Securities & Exchange Commissions (CySEC).
The CM Trading being more into forex and CFD (Contracts for Difference) provides several trading platforms to their customers including MetaTrader 4, Sirix web trader, tablet trader and an android & IOS powered mobile app. The MetaTrader 4 and the Sirix platforms can be accessed through any internet supported devices.
It is universally accepted as the most advanced and well-known forex trading platform. The platform provides basic functionality for the naïve traders to the most advanced technical charting options for the seasoned and experienced trader. It has intuitive and user-friendly functionality and requires a little practice to comprehend. The platform provides convenience and its aesthetically placed tabs are perfect for trading in the forex market. The platform has most advanced capabilities for the technical charting, trading order management, and customization. It also allows you to make your own auto trading strategies and indicators.
The company claims that this platform is fully integrated and provides seamless trading experience, and also, it provides tight spreads and market execution without any requotes ever.
Advantages of the MetaTrader4:
Simple and user-friendly interface
Advanced technical charting
Indicators and tools
The CM Trading’s Sirix platform is designed with online traders in mind. The platform provides an intuitive and user-friendly interface along with technical charting options in real-time. The Sirix platform provides accurate currency conversion and very high level of security.
Advantages of the Sirix platform:
24 by 7 user updates
Allows you to backup
Highly secured and safe interface
Uses encryption to secure the data
Allows you to handle multiple accounts.
Ease of transaction
Online trading tips
Technical charting option
Both the platform provides trading into several assets including forex pairs, CFD’s on currency pairs, popular indices, commodities, and metals. The brokerage house also provides 200:1 leverage for the forex trading. However, we would warn our readers to take leverage carefully, as it increases your risk multiple times. The brokerage house also provides leverage on popular commodities like the Brent, crude, sugar and natural gas as 100:1.
The Sirix platform of the CM Trading provides copy trading option known as CopyKat. It allows the traders to copy the trades of the most successful traders on the platform. The option of copying can me made automatic or can be kept manual to suit your style. To utilize the services of the CM Trading, all you need to do is open an account, make a deposit and start trading.
The website also provides comprehensive education material to their registered users. The resources available for the learning includes video training, e-books, webinars, forex signals & strategies, fundamental & technical analysis, amongst others. The brokerage house also offers a demo account to practice your strategies and understand the platform. The demo account is a complete replica of the actual version which makes it easier for the naïve traders to comprehend the platform before placing their first real bet.
The brokerage house provides state of the art mobile applications for the traders who prefer to make their trades while they are on the go. The android users can download the application from the Google Play Store whereas the iPhone users can download the compatible application from the Apple’s App Store. Along with all of the above benefits, the website provides daily news and analysis, market trends, and other useful information to their members.
Deposit and Withdrawals
The CM Trading provides the most convenient and popular methods for depositing and withdrawing the funds. They accept payments through Visa & MasterCard credit and debit cards, e-wallets and bank wire transfers. The popular e-wallets through which the CM Trading accepts the payments include Neteller, CashU, MoneyNet, and FastPay amongst others. The customer needs to provide proof of payment if the payment is made through bank transfer and in case the payment has been made through cards, then the customer must provide the copy of front and back of the card. The customer can start trading in their accounts by making a minimum deposit of $ 250 or € 250. The currency of initial deposit sets the currency of accounts and once selected it cannot be altered.
The withdrawal process at the CM Trading is also seamless. To initiate the withdrawal from the account, the member has to select the preferred amount for withdrawal, select the mode of payments, and click the withdrawal request. The organization follows the Anti-Money Laundering and KYC guidelines and all their members must satiate these requirements in order to make the withdrawals. Customers are allowed to withdraw as low as $ 20 from their accounts and the processing of withdrawals takes anywhere between 2 to 3 days and depends upon the selected mode of payments.
Signup and Bonuses
The brokerage house requires standard form filling to register on their website. The trader has to provide information like their real name, address, and other generic fields. Each and every member of the website must comply with the KYC and AML guidelines. Also, the customer must register to activate their demo-account. We advised our readers to go through their terms and conditions before initiating registration.
The CM Trading provides a generous bonus to their registered users. On the first deposit of any amount, the customers are entitled to receive a free e-book, while the customer who makes the deposit of more than $ 500 or up can get a deposit bonus up to 20% (max bonus of $ 1,000).
The registered users have an option to select from four account types. The following table provides the complete details about the various account types and their advantages.
PS: Please read the terms and conditions on the website to know more about the account types and their offerings.
The professional promoters of the website have developed a robust customer support system to cater to all the customer needs from opening an account to assist in the understanding the various aspects. The website of the brokerage house is available in the English, Arabic, Chinese, Bahasa, and Spanish language to address the global customer needs. Customers can get a 24 by 5 assistance through an online chat system as well as phone numbers. Customers can also connect with the support team through an e-mail and postal address.
The company provides international contact numbers to cater to the worldwide clients.
The CM Trading provides full-fledged forex and CFD trading services to their clients through their robust platform and customer support system. The platform provides access to several assets including forex pairs, and CFD on commodities, stocks, indices and metals. It has a 256-encryption to provide a safe and secure environment for financial dealings as well as online trading. The licensed company from the FSB, the Blackstone Marketing SA (PTY) Ltd, is being represented by the Global Capital Markets Trading Limited. However, the Global Capital Markets Trading Limited does not have a direct license from any of the regulator. Our concern for the CM Trading is that it does not provide binary options for the trading rather it provides services in the forex and CFD market.
So, if you are a forex trader or interested in the CFD trading then the CM Trading can be a good option but if you are interested out and out binary options trading than this is not the right broker for you.
For your binary options trading requirements, we recommend using the services of the Option Robot. The Option Robot also has a well-established process in place and also it has been consistent in its customer support and financial dealings. The Option Robot also has an affiliation with well-known binary brokers.
Overall, the CM Trading is not a good option if you want to trade binary options, and hence we recommend you to enroll with the Option Robot for all your binary options trading requirements.
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Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.
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