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CMTrading has been operating since 2012 and provides its clients with brokerage services, allowing them to trade currency pairs, indices, cryptocurrencies, commodities, indices and CFD contracts. According to the official website (www.cmtrading.com), the firm has licenses from the FCA and FSCA.
CMTrading has positioned itself as the best African financial broker. At first glance, this firm is really worth a look: a wide range of trading tools, several trading platforms, various training materials, and promises of quality technical support and trading assistance.
At the same time, this broker has a rather ambiguous reputation in the Internet. His rating on various opinion aggregators is quite low (in the region of 2 out of 10 based on several thousand evaluations). There are positive records, but their number is vanishingly small compared to the number of negative comments about CMTrading activity. Reviews often report that in fact this project is a scam, and its creators are fraudsters.
CMTrading trading conditions
The minimum deposit to start trading with this broker is $250. In total, CMTrading clients have access to 4 types of basic trading account: bronze, silver, gold and platinum.
You can use bank transfers, credit or debit cards, as well as Neteller, M-Pesa and Online Naira to make a deposit. There is no detailed information on withdrawal methods and conditions.
Reviews about CMTrading
Positive comments about this broker in most cases contain little specificity, while the negative ones repeatedly point out the following problems that can be encountered when trying to cooperate with this company:
- small number of payment systems;
- large minimum deposit and limited number of currencies available to the trading account;
- unsatisfactory work of technical support;
- lack of information on trading conditions;
- big spreads;
- Deception and fraud on the part of CMTrading managers, leading to deposit drains;
- annoying suggestions.
Conclusion
Broker CMTrading at first glance may give the impression of an honest organization, but at a more detailed acquaintance there are serious suspicions that when cooperating with him possible divorce and loss of funds. Negative reviews, abundantly found on the Web, confirm this.
Trusting your funds to CMTrading is not recommended. If you still want to take a risk, you should limit yourself to the minimum possible deposit and under no circumstances increase it, ignoring any suggestions of managers.
