CM Trading Review 2022: A Scam or Legit Forex Broker
One of the most modern Forex brokers in the world and the biggest broker in South Africa is BLACKSTONE Marketing SA (PTY)LTD, which trades under the brand name “CM Trading.”
The organisation provides a wide range of latest trading solutions to the worldwide, global clientele in addition to its primary strategy throughout the African continent.
Modern trading platforms and exceptional availability are offered by CM Trading review for both beginner and expert traders.
The seamless, technology-driven approach enables traders to trade Forex, Index, and Commodities, including Cryptocurrencies, with confidence in a highly safe and regulated environment.
Is CM Trading a Scam or its Safe?
The CMTrading gives a highly protected trading experience using their own SSL security systems while all client funds are maintained in separate accounts since a safe and secure trading conditions continues to be of the utmost importance.
Clients of GCMT SA are protected by the Financial Services Board (FSB) of South Africa’s financial legislation because GCMT SA is a legal representative of FSP 38782 Blackstone Marketing SA (PTY) Ltd.
The FSCA adheres to strict regulatory standards that are designed to guarantee an open and honest market for all businesses engaged in the financial markets.
The FSCA does not enjoy the same reputation as other regulatory bodies, which can make it more difficult for the company to market its services to a wider audience.
As a result, CM Trading cannot access the US market, and as there is no EU regulation, EU traders will also have a difficult time getting the broker’s support.
All of CM Trading’s client funds, however, are kept in separate accounts with Barclays PLC and Standard bank. Local Trade Copier allows you to mt4 copy trades from different master accounts and merge them into one. The money is kept completely separate from the business’s accounts, so the broker cannot utilise a client’s money in the market for any other reason.
According to the FCA’s CM Trading rule, the broker shall keep the company’s finances distinct from those of their traders, and regular audits will act as a reliable benchmark to make sure that the broker only engages in fair and honest financial dealings.
Thus, potential traders can be confident that a broker who offers smooth technical connectivity and a variety of trading instruments will provide a safe and safely regulated market place.
Cmstock Platforms
The most popular features as well as special ones offered to clients are included in the selection of trading platforms.
The primary trading platform is MT4, which features modern technology and the ability to use Sirix, CopyKat, and even learn best practises for one-on-one trading.
With 3 execution modes and 8 order types available, MetaTrader is a tremendously sophisticated trading platform.
With access to more than 50 analysis instruments, it also enables a wide range of social services, including technical indicators, algorithmic trading, and financial news updates.
Additionally, there are news and alert services to help you stay current on the market wherever you are.
It’s no wonder that it’s the users’ favourite with all those incredible features.
With its revolutionary approach to currency markets, Sirix Web Trader allows users to execute trades from their smartphones, laptops, and tablets without having to download or set up any software.
The CopyKat system enables users to replicate the top 100 traders on the market without the need for trading experience; users only need to select the most appropriate trader and mt4 copy his orders.
Conclusion
The South African Financial Sector Conduct Authority (FSCA), which licences and oversees CM Trading, operates under a system that is quite similar to that of regulatory agencies in Europe and the UK. CM Trading provides a distinctive brokerage service.
Investors can be certain that their deposits are secure and segregated from operating capital in top Tier 1 banks as a result.
Personal, financial, and transactional data are securely secured using the newestSSL technology, and the bar is set very high for operating standards.
With a leverage of up to 400:1, CM Trading provides a one-stop shop for online trading services that include a wide variety of assets in the form of CFDs for stocks, commodities, indices, and foreign currencies.
Additionally, CM Trading provides a variety of special features like CopyKat, which enables users to emulate the trades of other, more seasoned traders, and the “Guardian Angel” function, which immediately alerts users to any significant changes in the market.