Read This CM Trading Review To Make An Educated Broker Decision
Contact Info
- Website: www.cmtrading.com
- UK: +44 203 318 2176
Canada: +164772 45 457
Malaysia: +603 9212 6626 - Office address:
- 84 Spyrou Kyprianou St. 4004,
- Limassol
- Cyprusn
CM Trading launched its FX brokerage services in 2012 and is one of the latest entrants in the market that is trying hard to earn a respectable reputation in the industry by catering to the largest retail trading market in the world. CM Trading has a diversified trading products portfolio that incorporates numerous assets including currencies, metals, commodities, indices, and CFDs. Even though the broker has covered the widest range of financial markets, it remains to be seen whether CM Trading is indeed a reliable broker that can offer the best services to its clients.
Take Us Through The CM Trading Regulatory Status
CM Trading is regulated by the FSB in South Africa and also has its headquarters in Seychelles. The company is not your typical broker that has a European regulatory tag, which is more synonymous with trader trust and safety of client funds. Nevertheless, FSB is a high-quality regulatory agency that follows stringent regulatory guidelines that are designed to ensure a fair and transparent marketplace for all companies operating in the financial markets. The FSB does not have the amount of reputation that other regulatory agencies possess, which can act as a hindrance to the company while advertising their services to the global pool of retail traders. Expectedly, the US market remains closed to CM Trading, and EU traders will also find it difficult to garner enough support from the broker due to the absence of an EU regulation.
CM Trading holds all of their clients’ funds in segregated accounts in Barclays PLC and Nedbank. The funds are kept strictly away from the company’s accounts, and it is impossible for the broker to misuse a client’s trading capital for any other purposes. FSB’s CM Trading regulation also states that the broker should keep the company financials separate from their trader’s financials, and routine audits will serve as a sound reference point to ensure that the broker only indulges in fair and honest financial dealings.