September 10, 2022
Since its founding in 2012, CMTrading has developed into one of the most well-known brokers in Africa. CMTrading, which has the approval of two regulators, provides traders with both the well-known MT4 trading platform and the lesser-known Sirix Platform, which has emerged as a competitive alternative, particularly for copy trading. The highest leverage is 1:200, which is sufficient for inexperienced traders to learn how to trade the financial markets without taking on excessive risk. The asset selection includes more than 150 different instruments. Many African Forex brokers have a structure for their accounts that is similar to CMTrading’s. Additionally, CM Trading review offers resources for research and teaching. What can I Trade? The 150+ assets that CMTrading tracks span five industries and include forex, cryptocurrencies, consumables, stocks, and indices. It offers a fantastic selection, especially for novice traders. Account Formats Many African brokers follow to the four commission-free and two commission-based trading account types as standard. For those who contribute above $10,000, more educational options are offered. Another widespread, albeit obviously unsatisfactory, practise is to offer better trading conditions and reduced commissions to traders who make larger amountsfree accounts, the ECN accounts have smaller amounts. Our evaluation of CMTrading led us to the conclusion that the brokerage ought to think about providing more aggressive pricing schemes. Unique Qualities For traders who are strapped for time or lack confidence in their own trading tactics, Copycat, the mt4 copy trading tool at CMTrading, works with the Sirix Web Trader. A Mirror Trader account, another third-party service provider that caters to social and duplicate trading, is also mentioned in […]
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