Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

4.7/5 - (12 votes)
CMTrading Review

CMTrading Review

CMTrading is often regarded as the #1 forex and CFD Broker in Africa. CMTrading offers Ivorians a safe and transparent trading environment with tight spreads. CMTrading offers tiered accounts suited to all types of traders.

Updated : June 21, 2024

Jump to:

Overall Rating

Min Deposit

60,400 XAF ($100)

Regulators

FSA, FSCA

Trading Desk

MT4, CMTrading Web, CopyKat

Crypto

Yes

Total Pairs

50

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Overview

 

CM Trading Detailed Summary

 

We spent some time investigating this broker’s website and other reliable resources to understand the broker we were dealing with. Delving into CMTrading’s history, we discovered a considerable evolution consistent with the dynamic Ivorian trading community.

Established in 2012, they set out to reinvent internet trading. Their concentration on absorbing technology breakthroughs and meticulously complying with rules created the groundwork for their developmental strategy from the very start.

Through the information available on this innovative broker, we’ve seen their strong emphasis on expansion and innovation, significantly increasing its popularity in the Ivory Coast.

By launching MetaTrader 4 and the unique CopyKat trading system, CMTrading reflects traders’ desire for cutting-edge financial tools.

Furthermore, it is very apparent that their success has been fueled by its customer-centric strategy. Their multilingual customer support and rich educational materials and tools give Ivorian traders a more personalized trading experience.

We cannot forget to touch on the broker’s regulatory compliance, which is comforting; they are licensed by the Financial Services Authority (FSA) and the Financial Sector Conduct Authority (FSCA).

This gives them credibility and confidence in the trading world. Ivorian traders, like traders everywhere, need assurance in their platforms. CMTrading’s compliance with regulatory requirements gives that peace of mind despite not being locally regulated in the Ivory Coast.

Since its establishment, their agility has been critical to its success. As traders became more sophisticated, they responded by providing enhanced tools and resources to fulfill their demands.

Overall, as reviewers, we are drawn to their competitive spreads and wide selection of instruments, which will let traders worldwide, even those in the Ivory Coast, easily diversify their portfolios and spread their risk across markets.

 

How does CMTrading cater to the Ivorian market? 

CMTrading offers personalized customer support with a strong emphasis on the Ivorian market, meeting specific local trading needs.

 

How competitive are CMTrading’s spreads and leverage options? 

Extremely competitive. They offer competitive spreads from 0.9 pips EUR/USD and leverage options up to 1:200, which can significantly impact the profitability of trades.

At a Glance

🔍 Broker🥇 CMTrading
🔢Established Year2012
⌛Regulation and LicensesFSA, FSCA
4️⃣Ease of Use Rating4/5
🎁Bonuses✅ Yes, a referral program
⏰Support Hours24/5
📊Trading PlatformsMetaTrader 4, CMTrading Web, CopyKat
🗂️Account TypesBronze, Silver, Gold, Premium
💷Base CurrenciesUSD, EUR, GBP, ZAR
📝SpreadsFrom 0.9 pips
📈Leverage1:200
💶Currency Pairs50; Minor, Major, Exotic
💵Minimum Deposit60,400 XAF ($100)
💴Inactivity Fee✅ Yes, $15 after 60 days of inactivity
🗣️Website LanguagesEnglish, Spanish, Arabic
💰Fees and CommissionsSpreads from 0.9 pips, commission-free
🤝Affiliate Program✅ Yes
❌Banned CountriesThe United States, Hong Kong, Israel, EU regions
➡️Scalping✅ Yes
🌟Hedging✅ Yes
🛢️Trading InstrumentsForex, Commodities, Indices, Stocks, Crypto CFDs
🚀 Open an Account👉 Click Here

Regulation and Safety of Funds 

 

CM Trading Review Security Measures

 

Regulation in the Ivory Coast

 

They are not regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, CMTrading’s global regulations are listed in the table below.

 

Global Regulations

🫴🏻Registered Entity🌎Country of Registration🖋️Registration Number➡️Regulatory Entity📊Tier🔢License Number/Ref
🥇GCMT Limited T/a CMTradingSeychelles8425982-1FSA3SD070
🥈Blackstone Marketing SA (PTY) LTDIndonesia2013/045335/07FSCA2FSP 38782

 

Protection of Client Funds

🔍Security MeasureInformation
🗂️Segregated Accounts✅ Yes
👤Compensation Fund MemberNone
💵Compensation AmountNone
🎓SSL Certificate✅ Yes
2️⃣2FA (Where Applicable)✅ Yes
⛔Privacy Policy in Place✅ Yes
⚠️Risk Warning Provided✅ Yes
❌Negative Balance Protection✅ Yes
🛑Guaranteed Stop-Loss OrdersNone

 

How does CMTrading respond to Ivory Coast traders’ disputes? 

CMTrading provides a transparent dispute resolution procedure, and it entails access to customer service and, if required, escalation to regulatory organizations such as the FSCA.

 

What auditing techniques does CMTrading employ in Ivory Coast to guarantee financial transparency? 

Reputable international accounting companies regularly audit CMTrading’s finances to ensure they are transparent and compliant with regulations.

Awards and Recognition

 

CMtrading Awards and Recognition

 

The CMTrading website has received numerous awards, including a few of the following

 

✅CMTrading also secured the title “Most Trusted Forex Broker” in Africa in 2024.

✅In 2024, Global Business Review Magazine recognized the company as the Best Financial Broker in South Africa.

✅CMTrading was awarded the title “Most Innovative Trading App in Africa” in 2024 by Brand Review Magazine.

✅CMTrading has been awarded the prestigious title of “Best Financial Broker” in Nigeria for 2024 by Global Review Magazine.

✅CMTrading has been recognized as the top-performing financial broker in Africa in 2024.

✅CMTrading received high praise as the “Best Partner Program” in GCC by Global Business Review Magazine.

✅This was followed by being recognized as the “Fastest Growing Financial Broker” in the Gulf Cooperation Council (GCC) by the same publication.

Account Types 

 

CM Trading Review Account Types

 

Unlike other brokers offering different accounts such as Mini, Standard, VIP, etc., we found that their tiers are different, from Bronze to Premium. We evaluated each account type using a demo account, allowing us to provide Ivorian traders with a decent breakdown of each account and its features.

By viewing the information we provided, traders can understand what they can expect from CMTrading.

 

🔍Live Account💵Minimum Deposit🚀Open an Account📊Platforms⬆️Leverage
🥉Bronze60,400 XAF👉 Click HereAll1:200
🥈Silver152,000 XAF👉 Click HereAll1:200
🥇Gold3.02 million XAF👉 Click HereAll1:200
🏆Premium30.2 million XAF👉 Click HereAll1:200

 

Demo Account 

 

CMTrading Demo Account

 

Ivory Coast traders can enhance their abilities with the Demo Account. It’s a risk-free replica of live markets and an instructional tool for testing new trading strategies and getting to know their platforms.

 

Islamic Account 

 

CM Trading Islamic Account

 

This broker offers the Islamic Account to Muslim traders who, according to Sharia law, cannot pay or receive swaps while holding overnight positions.

Furthermore, while Muslim traders can access a range of markets through CMTrading, they are restricted from trading Crypto CFDs as these instruments are not considered Halal.

 

Bronze Account 

 

CMTrading Bronze Account

 

To help new traders from Ivory Coast find their bearings in the trading world, this broker has created the Bronze Account.

To make it more accessible to a range of traders, a minimum investment of 60,400 XAF ($100) is required. It has become an industry standard among most brokers because it’s low enough for those with smaller investments yet enough to start trading smaller position sizes.

With this flexible account, Ivorians can trade with lots from as small as 0.01 lots, providing traders a great deal of control in mitigating risks.

The account also allows for leverage of up to 1:200, allowing traders to open positions of up to $20,000;

In addition, another attractive feature of this account is that traders just starting with their trading journey world won’t have to worry about commission payments.

Overall, we appreciate this type of account as it gives novice users a taste of CMTrading’s flexibility without making them feel overwhelmed by complexity.

 

Silver Account 

 

CMTrading Review Silver Account

 

The Silver Account is the next level CMTrading offers, ideal for more experienced traders ready for larger position sizes, tighter spreads, and additional features.

Although the minimum deposit of 152,000 XAF is more demanding, this option offers extra perks such as access to webinars and advanced tools.

Like the Bronze Account, there are no commission fees, and traders still have extensive access to markets and a versatile platform.

The available leverage ratio remains at 1:200, ensuring stability in trading conditions. Additionally, the minimum trade sizes remain consistent at 0.01 lots, providing traders flexibility regarding the positions they want to trade.

 

Gold Account 

 

CMTrading Gold Account

 

The Gold Account is designed for Ivorian traders with significant market experience ready to take their trading to the next level. When they make a minimum deposit of 3.02 million XAF, Ivorians demonstrate a strong dedication to more sophisticated trading endeavors.

Our research shows that this account improves the trading experience by offering narrower spreads, which can significantly impact profitability.

However, the superior customer support and advanced analysis tools distinguish this account type from the previous two, making it an ideal option for those requiring expert guidance.

 

Premium Account 

 

CMTrading Review Premium Account

 

The Premium Account is the ultimate choice for the most discerning Ivory Coast traders engaging in substantial trading.

Given the initial investment of 30.2 million XAF, it’s evident that this account is designed for experienced traders.

We noticed that this account offers the most competitive spreads and various customized services, including privileged access to valuable insights and a dedicated trading room, making it ideal for professionals in the Ivory Coast who need a competitive edge in their trading.

 

What advanced features does the Gold account with CMTrading include? 

The Gold account includes spreads from 0.9 pips, cashback rebates, and access to ECN for skilled traders.

 

Does the CMTrading Bronze Account give me access to educational materials? 

Yes, educational materials are available with the Bronze account.

How to open an CMTrading Account – A Step-by-Step Guide 

 

Here’s the process we followed to register, verify, and fund our Bronze Account with CMTrading:

 

Step 1: Go to the official website and select “Start Trading”

 

CMTrading Sign Up step 1

 

Step 2: Complete the Online Application Form

The following step is to complete the registration form, which requests personal information. Please provide your name, email address, phone number, and residential address.

 

How To Open a CMTrading Account

 

Step 3: Verify your Account

Upload or email proof of Identity (ID document or password) and residential address (a bank or credit card statement, utility bill, etc.)

 

What information is required to complete the CMTrading account application? 

You must provide your name, contact details, and current employment status to complete the CMTrading account application.

 

What is the final step in registering an account with CMTrading? 

The final step is accepting CMTrading’s terms and conditions to complete your registration.

CMTrading vs Pepperstone vs AvaTrade – Broker Comparison

🔍Broker🥇CMTrading🥈Pepperstone🥉AvaTrade
⌛RegulationFSA, FSCAASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
📊Trading PlatformMetaTrader 4
CMTrading Web
CopyKat
TradingView
MetaTrader 4
MetaTrader 5
cTrader
Capitalise.ai
AvaTradeGO
AvaOptions
AvaSocial
MetaTrader 4
MetaTrader 5
DupliTrade
ZuluTrade
💷Withdrawal Fee✅ YesNoneNone
🗂️Demo Account✅ Yes✅ Yes✅ Yes
💵Min Deposit61,500 XAF ($100)79,300 XAF (AU$200)61,500 XAF ($100)
📈Leverage1:2001:500 (Pro)
1:200 (Retail)
1:30 (Retail)
1:400 (Pro)
📝SpreadFrom 0.9 pipsFrom 0.0 pipsFixed, from 0.9 pips
💶CommissionsNone; only the spread is chargedFrom AU$7None; only the spread is charged
🛑Margin Call/Stop-OutFrom 20%90%/20%25% – 50% (M)
10% (S/O)
🧑‍⚖️Order ExecutionMarketMarketInstant
❌No-Deposit BonusNoneNoneNone
🪙Cent AccountsNoneNoneNone
🗂️Account TypesBronze Account
Silver Account
Gold Account
Premium Account
Standard Account
Razor Account
Standard Live Account
Professional Account Option
🌟WAEMU RegulationNoneNoneNone
💴XAF DepositsNoneNoneNone
👉XAF AccountNoneNoneNone
⏰Customer Service Hours24/524/724/5
⚙️Retail Investor Accounts421
☪️Islamic Account✅ Yes✅ Yes✅ Yes
⬇️Minimum Trade Size0.01 lots0.01 lots0.01 pips
⬆️Maximum Trade SizeUnknown100 lotsUnlimited
⏱️Minimum Withdrawal TimeInstant1 business day24 to 48 Hours
🕰️Maximum Estimated Withdrawal TimeUp to 3 working daysUp to 7 business daysUp to 10 days
✔️Instant Deposits and Instant Withdrawals?✅ Yes, deposits and withdrawalsNoneNone
🚀Open an Account👉 Click Here👉 Click Here👉 Click Here

Trading Platforms and Software

The broker offers Ivorian traders a choice between these trading platforms: 

 

➡️MetaTrader 4

➡️CopyKat Trading

➡️CMTrading Web

 

MetaTrader 4 

 

CM Trading MT4

 

After testing this broker’s MetaTrader 4, we can confidently say that we consider it a user-friendly platform with plenty of depth.

We believe retail traders in the Ivory Coast will enjoy how configurable it is, accommodating several popular trading strategies, including scalping and automated trading (using EAs).

Furthermore, the platform’s powerful charting features let us evaluate market patterns, which is critical given Ivory Coast’s complicated financial ecosystem.

We were also surprised with how swiftly transactions were handled, which is critical for traders dealing with CFDs and Forex, where CMTrading provides attractive spreads from 0.9 pips.

The platform’s reliability also stood out during our testing; even amid market volatility and significant traffic, it remained responsive, guaranteeing that we could trade accurately.

 

CopyKat Trading 

 

Regarding CopyKat Trading, we found an innovative and robust platform that encourages a strong sense of community among traders.

This social trading platform revolutionizes the trading experience for Ivorian traders, allowing them to access the expertise of seasoned traders.

We could easily replicate the strategies of experienced traders, which we know is extremely beneficial for those still familiarizing themselves with trading activities.

This platform aligns with the broker’s emphasis on education, providing Ivorian traders a hands-on opportunity to enhance their skills and actively engage in the market.

 

CMTrading Web 

 

CM Trading Review Web

 

When exploring the CMTrading Web platform, we discovered a perfect balance between ease of use and practical features. This is particularly beneficial for Ivorian traders who may not have access to high-powered computers.

The platform has a user-friendly design and offers a variety of analytical tools, which aligns with CMTrading’s educational resources.

We found the real-time quotes and integrated account management tools incredibly useful in making well-informed decisions promptly.

With the web platform’s seamless transition between demo and live trading, Ivorian traders can easily test new strategies they’ve learned from CMTrading’s educational materials before jumping into live trading.

 

What are the features of the CMTrading Web platform? 

CMTrading Web is a browser-based platform, ideal for ease of use, with one-click trading and real-time charting.

 

What unique features does CopyKat Trading offer on CMTrading? 

CopyKat Trading offers social trading, allowing users to learn and replicate the strategies of experienced traders.

Range of Markets

 

Which Markets can you Trade with CM Trading Review

 

 

Ivorian traders can expect the following range of markets: 

 

➡️Index CFDs

➡️Stock CFDs

➡️Cryptocurrency CFDs

➡️Forex

➡️Commodities

 

Which Markets Can You Trade with CMTrading? 

They offers a range of markets, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies.

 

Does CMTrading provide a wide range of commodities for trading? 

Yes, they offer several commodities for trading, including precious metals, softs, and energy commodities.

 

Fees, Spreads and Commissions

 

CM Trading Fees, Spreads and Commissions

 

Competitive pricing is one of the critical components that we look for during comprehensive reviews, and they did not disappoint us. The fee schedules are not only competitive but they are transparently displayed on the their website, including the following discussed below.

 

Spreads 

The broker charges competitive spreads from 0.9 pips on major forex pairs like EUR/USD, making it appealing to traders in the Ivory Coast.

We consider their ability to offer tight spreads across various financial instruments extremely advantageous as it reduces expenses, which is crucial in Ivory Coast’s diverse economy, where even small differences in trading costs can substantially impact the profits and trading outcomes of traders.

 

Commissions 

This broker stands out from its rivals by its commission policy or, rather, the lack of commissions. Ivorian traders will welcome the commission-free trading environment since CMTrading generates money through spreads.

This straightforward and transparent policy makes trading easier for Ivorians, eliminating the need to calculate additional charges for every trade and allowing traders to focus only on spread costs.

 

Overnight Fees 

As reviewers, we’re used to coming across overnight fees because most brokers charge/credit them. These fees are calculated by the broker using the instrument, position size, and whether the position is long or short.

Our investigation shows that these costs are consistent with industry standards and fully stated on the trading platform. Furthermore, Ivorian traders with long-term positions must investigate and understand these fees to ensure they know how it will affect their profits and trading outcomes.

Luckily, the broker is transparent and publishes these fees and how they are calculated on the website. Furthermore, if traders have any questions regarding overnight fees, they can easily contact CMTrading using the contact information on the website.

 

Deposit and Withdrawal Fees 

Withdrawals and deposits are processed without complexities with this broker, as our research showed that the broker does not charge any internal transaction fees.

This feature is especially advantageous for traders from the Ivory Coast who deposit funds into their accounts frequently as part of their trading strategies.

Ivorian traders should, however, know that third-party payment providers could impose additional fees, especially for international transfers.

 

Inactivity Fees 

Per our research after reading the Client Agreement, we can confirm that CMTrading charges fees for inactivity.

Accounts that remain inactive for over sixty days will incur a monthly fee of $15. Therefore, it is critical for Ivorian traders, who might encounter connectivity issues or market volatility, to remain updated on account activity to prevent these fees.

Furthermore, we urge traders who use long-term strategies that leave their accounts inactive for long periods to consider these fees to ensure they have enough free margin to maintain positions.

 

Currency Conversion Fees 

When the currency in transactions, or deposit and withdrawal currencies, differs from the Ivorian trader’s account base currency, currency conversion must occur, costing traders fees.

Traders can only register accounts denominated in USD, GBP, ZAR, or EUR, limiting Ivorians with CFA Franc (XAF) bank accounts and exposing them to currency conversion fees.

This broker does not charge a separate fee when converting currencies, but traders are subject to the prevailing market rates. Therefore, we urge Ivorians to consider this fee to ensure they can manage their trading and non-trading fees.

 

Does CMTrading charge currency conversion fees? 

Yes, they charge a conversion fee that includes the market rate plus up to 4% for deposits and minus 4% for withdrawals.

 

How competitive are CMTrading’s fees compared to other brokers? 

Their fees are competitive, especially considering the tight spreads and no commission on trades.

Deposit & Withdrawal Options 

 

This broker is transparent regarding the deposit and withdrawals that Ivorians can use to fund accounts and withdraw money.

In the table below, we provide Ivorians basic information on deposits and withdrawals, followed by general steps on how traders can fund their accounts and withdraw funds.

 

💳Payment Method🌎Country💵Currencies Accepted⏰Processing Time
💳MasterCardAllUSD, EUR, GBP, ZARInstant (deposit and withdrawal)
➡️VisaAllUSD, EUR, GBP, ZARInstant (deposit and withdrawal)
✴️Diners CardAllUSDInstant (deposit and withdrawal)
🌟DiscoverAllUSDInstant (deposit and withdrawal)
🔖Visa ElectronAllUSD, EUR, GBP, ZARInstant (deposit and withdrawal)
🏦Bank TransfersAllUSD, EUR, GBP, ZAR1 – 3 days on deposits and withdrawals
💸Cryptocurrency PaymentsAllBTC, ETH, etcInstant
👉SkrillAllUSDInstant (deposit and withdrawal)
💻EFTPayAllUSD, EUR, GBP, ZARInstant (deposit and withdrawal)
✳️NetellerAllUSDInstant (deposit and withdrawal)
⚙️Perfect MoneyAllUSDInstant (deposit and withdrawal)

 

Deposits 

 

Bank Wire 

✅Log in to your  account and proceed to the ‘Deposit’ section.

✅Obtain the banking information by selecting the ‘Bank Wire’ option and writing it down or copying and pasting it on your device or computer.

✅Start your bank transfer through your financial institution using the CMTrading banking information that has been supplied.

✅Keep the transaction receipt or any confirmation provided by your bank for your records.

✅Provide the broker with evidence of the transfer, such as a bank transfer confirmation or receipt.

 

Credit or Debit Card 

✅After logging into your account, navigate to the deposit section.

✅Select “Credit or Debit Card” as the method of deposit you prefer.

✅Complete the card information field with the card number, expiration date, and CVV.

✅Enter the desired deposit amount, considering the minimum and maximum amounts per your account type.

✅Verify the transaction and, if prompted by your card provider, complete any additional authentication that may be necessary.

 

Cryptocurrency 

✅Once logged into your account, click on the deposit options.

✅You will be given a unique wallet address for CMTrading if you select the cryptocurrency option.

✅Start your deposit to the CMTrading wallet using your personal cryptocurrency wallet.

✅Before sending, ensure that the address is correct to avoid any errors, as these funds cannot be retrieved once sent.

✅You can then confirm the transaction on your dashboard.

 

e-Wallets or Payment Gateways 

✅Log into your dashboard and go to the deposit section.

✅Choose the electronic wallet or online payment system you want to use.

✅You will be redirected to the payment service portal; enter your credentials to log in.

✅Enter the deposit amount into the designated field per your account’s minimum and maximum deposit limits.

✅Approve the payment and wait for the deposit to be credited.

 

CM Trading Review Deposit & Withdrawal Options

 

Withdrawals 

 

Bank Wire 

✅Enter your CMTrading credentials and navigate to the withdrawals page.

✅Select “Bank Wire” as the withdrawal method.

✅Provide your banking information, including the SWIFT code and account number.

✅Enter your withdrawal amount according to your available balance and any withdrawal limits per CMTrading.

✅Submit your withdrawal request for processing.

 

Credit or Debit Cards

✅After logging into your account, go to the withdrawal section.

✅Choose the Credit/Debit Card withdrawal method from the available options

✅After entering the desired withdrawal amount, verify the card information.

✅Once you submit your request, the withdrawn amount will typically be refunded to the card initially used to make the deposit.

 

Cryptocurrency 

✅After logging into your account, choose the withdrawal option.

✅Select “Cryptocurrency” from the withdrawal methods list.

✅Carefully enter the address of your cryptocurrency wallet to guarantee that funds are received.

✅Provide your withdrawal amount within the permitted limits.

✅After reviewing the information for accuracy, verify your withdrawal.

 

e-Wallets or Payment Gateways 

✅Log into your client portal and go to the withdrawal section.

✅Choose the online payment service or electronic wallet from the options provided.

✅Indicate how much you want to withdraw according to your account balance.

✅Verify the transaction in your electronic wallet and authorize the withdrawal in your client portal.

 

Are CMTrading’s deposit and withdrawal processes quick? 

They offer instant deposits and withdrawals for most methods, ensuring quick transaction processing.

 

What information is required for a CMTrading deposit? 

Payment and account information are specific to your chosen deposit method. The information needed will also depend on your deposit method, as each has unique steps, details, and confirmation processes.

Leverage and Margin 

 

CM Trading Leverage and Margin

 

We investigated the leverage and margin policies for Ivorians to gain insight into the tools that the broker offers.

During this investigation, we encountered several noteworthy discoveries that merit further elaboration. This broker adheres to industry standards for forex trading by providing leverage of up to 1:200.

This means that Ivorian traders can amplify their prospective gains while increasing the associated risks that could lead to monetary loss.

To ensure Ivorians can increase their profit potential while protecting their capital, we recommend using leverage cautiously and employing the risk management tools available, including stop-loss orders and take-profit orders.

Margin requirements, intrinsically linked to leverage, are critical if Ivorians want to execute trades on CMTrading’s platforms. While reading up on their margin requirements, we found that resources cite an average  2% margin requirement.

In our experience, this benefits Ivorian traders who want to participate in larger position sizes without needing substantial investment sizes.

Given the details we uncovered on their website, we can confidently say that the leverage and margin policy of CMTrading demonstrates the company’s commitment to providing traders with adaptable trading conditions and protection from the inherent volatility of global financial markets.

 
Does CMTrading impose limitations on the leverage I can use? 

Yes. Their limits on leverage depend on the financial instrument being traded to minimize the risks of trading various volatile markets. For instance, Forex has a limited leverage of up to 1:200, while crypto CFDs have a limit of 1:2.

 

Can I change my leverage at any time with CMTrading? 

Yes, you can change your leverage within certain parameters with this broker. Consult their Client Agreement for a detailed breakdown of leverage restrictions, terms, and conditions.

Educational Resources 

 

CM Trading Educational Resources

 

Our review process is never complete without examining the educational materials and resources that CMTrading offers. We’ve gone through what CMTrading offers on its website and compiled an explanation of each, giving Ivorians an idea of what they can expect.

 

➡️eBooks

➡️Live Seminars

➡️Training Videos

➡️How-To Videos

➡️Webinars

 

What type of analysis can traders perform with CMTrading’s tools? 

Traders can perform both fundamental and technical analysis using CMTrading’s research tools.

 

How does CMTrading support continuous learning for traders? 

They support continuous learning through its range of educational materials and up-to-date market research tools.

Bonuses and Promotions 

 

CMTrading Bonuses and Promotions

 

This broker has created a bonus system tailored to various global markets, including the Ivory Coast. The $200 Refer a Friend Bonus is a notable initiative that takes advantage of strong community connections and the growing interest in forex trading nationwide.

This incentive motivates current traders to bring in new participants and helps foster the growth of the local trading community in light of the rising popularity of forex trading.

The bonuses provided by the broker in Ivory Coast are designed to be straightforward and user-friendly, making it easy for traders to understand the terms and benefits of each offer.

 

What are the requirements for bonuses for Ivorian traders? 

The conditions include time constraints and trading volume requirements to be eligible to withdraw bonus gains.

 

Are there any special offers for Ivorian occasions or holidays? 

No, they do not have special offers that align with Ivorian holidays or occasions.

10 Best Forex Brokers in Ivory Coast

Rank

Broker

Review

Regulators

Min Deposit

Official Site

🥇

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

🥈

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

🥉

Read Review

ASIC, CySEC, FSCA, FSA

$100

#4

Read Review

FSA, CySEC, FSCA, FSC

$1

#5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#6

Read Review

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

$5

#7

Read Review

FSCA, FSC, FSA, MISA

$10

#8

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

#9

FSC, ASIC, CySEC, FSCA

$5

#10

Read Review

CySEC, MISA, FSCA

$5

#1

$10

Minimum Deposit

#2

$100

Minimum Deposit

#3

$100

Minimum Deposit

#4

$1

Minimum Deposit

#5

$0

Minimum Deposit

#6

$5

Minimum Deposit

#7

$10

Minimum Deposit

#8

$10

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

How to open an Affiliate Account

To register an Affiliate Account, Ivorian traders can follow these steps: 

 

Step 1: Go to the website and click on the “Our Company” tab

Go to the CMTrading website and choose an appropriate option from the language list to see the interface in a language that you understand (English, Arabic, or Spanish).

 

CMTrading Affiliate Step 1

 

Step 2: Select “Introducing Business”

You have two options to start the registration process for your affiliate account. Click on the “Register” button in the top right corner. Or, you can click on the banner that says “Become a Business Referral.”

 

CMTrading Affiliate Step 2

 

Step 3: Fill in the Online Application Form

Please ensure that you provide precise contact information in the designated fields.

 

CMTrading Affiliate Step 3

 

Step 4: CMTrading will review your application

Please be patient, as this may take a few days. Once your evaluation is complete, they will email you your login credentials and the necessary links to access your affiliate portal.

 

Must I meet any requirements for the CMTrading affiliate program?

No. No specific requirements are indicated, but traders can get better commission rates when they achieve larger referral volumes.

 

Is the affiliate program offered by CMTrading beneficial to Ivorian influencers?

Yes, Ivory Coast influencers can profit from this broker’s affiliate program when they use their social media following to refer new customers and get commissions.

Affiliate Programs

 

CMTrading Affiliate Programs

 

Features

Our assessment indicates that the Affiliate program fits the Ivorian market well. This is mainly because of its strong educational support and advanced technological tools.

As a Business Referral partner, you have a vital role in connecting people with their wide range of resources, such as professional trading education and market updates, to help bridge the educational gap.

The program’s adaptability is especially advantageous in the Ivory Coast, where numerous individuals are looking for additional sources of income to supplement their main occupations.

In our experience, the broker’s advanced trading platforms, including MT4 and WebTrader, provide clients in the Ivory Coast with access to high-quality tools similar to those used in more developed markets.

Furthermore, SSL encryption and segregated accounts are highly valued in Ivory Coast due to increasing concerns about financial security.

Therefore, in our experience, with the ability to manage your business remotely and track earnings and client activity in real-time, the affiliate program is a compelling choice for Ivorians to enhance their financial stability and take advantage of opportunities in the Ivorian financial market.

Customer Support

🫴🏻Customer Support🥇CMTrading Customer Support
⏰Operating Hours24/5
👥Support LanguagesEnglish, Arabic
🗣️Live Chat✅ Yes
💻Email Address✅ Yes
☎️Telephonic Support✅ Yes
4️⃣The overall quality of CMTrading Support4/5
🚀Open an Account👉 Click Here

 

Response Time

🫴🏻Support Channel⏱️Average Response Time⏰User-based Response Time
☎️Phone5 – 10 minutes7 minutes
💻Email24 – 48 hours1 working day
🗣️Live Chat2 – 7 minutes5 minutes
📱Social Media5 minutes5 minutes
🤝Affiliate24 – 48 hoursSame-day

 

What steps should Ivorians take if they encounter withdrawal delays or problems? 

Trades from the Ivory Coast should contact CMTrading’s customer support immediately to have withdrawal-related concerns resolved quickly.

 

In which languages can I get customer support in the Ivory Coast? 

The broker provides customer service in both French and English for Ivorian traders.

Social Responsibility 

 

CMTrading Social Responsibility

 

While no CSR initiatives are directed at the Ivorian market, CMTrading’s website showcases its dedication to supporting the community by sponsoring youth sports initiatives in other countries.

The “Giving Back to the Community” section shows a highly successful coaching clinic that took place in South Africa. The clinic aimed to empower local children by providing them with essential equipment, professional coaching, and a platform to enhance their athletic abilities. 

In our experience, this program is perfectly suited for encouraging healthy lifestyles and nurturing a passion for sports among the youth in developing nations. However, they can also expand its CSR projects to include other African countries.

User Comments and Reviews 

 

CMTrading Review User Comments and Reviews

 

CMTrading has been around since 2012 and has amassed various client opinions and comments. They have a high rating of 4.2 out of 5 on the most reputable client review sites, with thousands of comments. Here are three of the latest left by clients:

 

🥇“I’m new on CMTrading, but I’ve already learned so much from the educational resources on the website. Keep it coming, guys!”

 

🥈“I wrote a review last week when I signed up, and the in-house analyst has been worth his weight in gold. Our sessions have taught me everything I need to know to navigate the platform and produce even more profitable trades. Thanks!”

 

🥉“It’s my first time trading, so I have zero experience, but I trust you guys with my life. I’ll learn slowly as time goes on using the demo and education.”

Our Recommendations 

 

CMTrading Our Recommendations

 

✅Consider introducing another entry-level account below the Bronze similar to the Cent and Micro accounts that competitors offer beginners.

✅Make it easier for traders to find information on fees, terms, and conditions by displaying it on the website, not just in the Client Agreement.

✅Consider adding MetaTrader 5 to the list of trading platforms to offer traders another robust platform to access the full range of markets and flexible account types.

You Might Also Like: BDSwiss Review

You Might Also Like: FP Markets Review

You Might Also Like: IC Markets Review

You Might Also Like: JustMarkets Review

Pros and Cons

✅ Pros❌ Cons
Leverage levels of up to 1:200 offer Ivorians the chance to maximize their trading potential across major forex pairsThere are no XAF-denominated accounts offered
Ivorians can expect competitive spreads from 0. PipsThere is no local oversight in the Ivory Coast
CMTrading offers a commission-free model that simplifies cost calculationThere are inactivity and currency conversion fees charged

In Conclusion

 

Our examination shows that CMTrading provides a robust trading environment with solid educational assistance and competitive conditions, ideal for various traders despite their trading objectives, styles, and strategies.

Our Insights

 

After going through CMTrading’s comprehensive offering, we can conclude that the broker is a platform that caters to traders of all levels, offering leverage options up to 1:200 and competitive spreads.

Frequently Asked Questions

Yes, CMTrading welcomes traders from Côte d’Ivoire. CMTrading accepts Ivorian traders, but it’s imperative to understand any deposit/withdrawal procedures or restrictions unique to Côte d’Ivoire.

No, CMTrading is overseen by the FSCA in South Africa and the FSA in Seychelles. CMTrading is not regulated in the Ivory Coast.

You can use credit/debit cards, bank transfers, and eWallets. However, you must confirm the available options and any related costs on CMTrading’s website or by talking to customer support, as options differ per region.

Yes, CMTrading provides demo accounts. The CMTrading demo account is an excellent opportunity to practice trading and familiarize yourself with the platform without risking real money.

Table of Contents