CM Trading
Chris Cammack September 6, 2019 02:46 PM
Founded in 2012 in South Africa, CM Trading is a market maker with high ongoing trading costs and high minimum deposits compared to other Forex brokers. CM Trading offers six trading accounts, including two ECN accounts, and offers trading on multiple instruments, including Forex, indices, cryptocurrencies, commodities, oil, and metals. Minimum deposits start at [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"] on its entry-level account with average spreads at [fxs-broker-property identifier="eur_usd"] pips on the EUR/USD. Minimum deposits escalate quickly, with the Premium Account requiring a minimum deposit of 100,000 USD but still featuring relatively high ongoing trading costs. In addition to the high minimum deposits and trading costs, a significant drawback for beginner traders is the lack of educational and market analysis materials offered at CM Trading. CM Trading charges high deposit and withdrawal fees compared to most other brokers, but local customer service is generally excellent. Like most Forex brokers, CM Trading supports the MT4 platform and allows for all trading strategies including hedging, scalping, signal trading, and algo trading. In addition, it also provides support for Sirix Webtrader - a rare web-based trading platform that runs in browsers on all devices. Sirix comes with a selection of trading tools, including the Guardian Angel system - which provides automated feedback on your trading style - and the CopyKat copy trading system.