CM Trading is a one-stop shop for online trading that was established by traders for traders. The company combines many years of trading experience to achieve this goal. CM Trading is an online foreign exchange broker that focuses on index and commodity trading in addition to forex trading.

Traders in Nigeria are able to confidently invest their money in a highly secure and regulated environment. This environment enables traders to use Forex, Indexes, and Commodities, including Cryptocurrencies, in a seamless and technology-driven process.

CM Trading Regulation

The Financial Sector Conduct Authority (FSCA) in South Africa oversees CM Trading, which has its headquarters in the Seychelles. The FSCA provides strict regulatory guidelines that are set up to ensure a fair and transparent marketplace for all companies operating in the financial markets.

All of the funds belonging to CM Trading’s customers are kept in separate accounts with Barclays PLC and Nedbank respectively, preventing any possible financial mismanagement on the part of the broker.

CM Trading Accounts

CM Trading offers four account types, namely the Bronze Account, Silver Account, Gold Account and Premium Account.

Each of these accounts is uniquely tailored to specific trading requirements and experience levels, so that CM Trading is able to support a wide range of traders in Nigeria.

Across all of these accounts traders have access to Webinars, live trading signals, market analysis, market reviews, and Islamic Account options.

CM Trading Costs and Fees

CM Trading has a competitive spread offer of 0.7 pips average on the EUR/USD, which is low compared to the spread offered on the same currency pair by many other brokers. CM Trading does not appear to charge commissions on most instruments, making for very low pricing.

CM Trading does, however, charge withdrawal fees, which can range from 2% or 4% depending on the withdrawal method used.

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CM Trading Platforms and Trading Features

The platform that CM Trading makes available to traders in Nigeria offers a wide range of standard as well as specialized functions. The company provides the ever-popular MT4 platform, which is equipped with cutting-edge technology, in addition to the Sirix and CopyKat copy trading platforms.

MetaTrader4 is an extremely capable trading platform that enables users to choose from 8 different order types and 3 different execution styles.

In addition to this, it enables a wide range of social functions, such as trading signals, algorithmic trading, and the reporting of financial news, and it provides access to over 50 analytical tools.

The CopyKat platform gives traders the ability to copy the orders of the top 100 traders in the market. Traders don’t need any prior experience with the market because the platform chooses the trader who is best suited to their needs and replicates their trades.

 

You might also be interested in: Forex Brokers in Nigeria

 

Final Thoughts

CM Trading is a well-regulated South African online Forex broker that provides a wealth of trading features on advanced and powerful trading platforms. Traders in Nigeria will benefit from the broker’s competitive spread offering in a safe and transparent trading environment.

 

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