CMTrading is a safe and regulated forex broker that offers competitive trading conditions. The broker provides groundbreaking tech for beginner and professional traders. Latest news and market updates are also available on its official website.
- Maryke Myburgh
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 1
Regulators
FSCA,FSA
Trading Desk
MT4, PandaTS, Webtrader
Crypto
Yes
Total Pairs
174+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
We investigated several brokers that provide various services and online trading methods, and CMTrading stands out above many of them.
Since its inception in 2012, Johannesburg-based CMTrading has become well-known in the FX and CFD trading industries. In addition to their innovative approach and tailored services, they serve countries worldwide, such as Colombia.
Our research shows that CMTrading excels at following regulations and ensuring client safety. The Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA) in the Seychelles regulate trading to ensure its safety and security.
Based on our findings, CMTrading has improved its website with more advanced features and a more user-friendly layout. For Colombian traders, this makes markets and educational resources more available.
CMTrading provides a variety of account types, each with the best trading conditions and tools for new and experienced traders. From the basic Bronze to the advanced Gold and Premium options, traders of all skill levels can find a comfortable workspace.
The broker is committed to education and provides various resources such as articles, video tutorials, and webinars. CMTrading’s comprehensive account options, strong regulatory framework, and emphasis on trader education make trading forex and CFDs in Colombia simple.
We also learned that CMTrading has received numerous awards, including many years as “Best Financial Broker Africa,” for its dedication to providing exceptional service and support.
Has CMTrading ever been recognized for good service to traders?
Yes, CMTrading has won several awards, including Best Financial Broker in Africa.
Where is CMTrading headquartered?
CMTrading has its headquarters in Johannesburg, South Africa.
CMTrading Review At a Glance
| 🗓Established Year | 2012 |
| 🪪Regulation and Licenses | FSA, FSCA |
| 🌟Ease of Use Rating | 4/5 |
| 💰Bonuses | Yes, a referral program |
| ⏰Support Hours | 24/5 |
| 📊Trading Platforms | MetaTrader 4, CMTrading Web, CopyKat |
| 📈Account Types | Bronze, Silver, Gold, Premium |
| 💸Base Currencies | USD, EUR, GBP, ZAR |
| 📊Spreads | From 0.9 pips |
| 📈Leverage | 1:200 |
| 💳Currency Pairs | 50; Minor, Major, Exotic |
| 💰Minimum Deposit | 390,000 COP ($100) |
| 💸Inactivity Fee | Yes, $15 after 60 days of inactivity |
| 🗣Website Languages | English, Spanish, Arabic |
| ⚖️Fees and Commissions | Spreads from 0.9 pips, commission-free |
| 📚Affiliate Program | Yes |
| 🏛️Banned Countries | The United States, Hong Kong, Israel, EU regions |
| 💻Scalping | Yes |
| 🔎Hedging | Yes |
| ✴️Trading Instruments | Forex, Commodities, Indices, Stocks, Crypto CFDs |
| 👉 Open Account | Open Account |
Regulation and Safety of Funds
CMTrading’s Regulation in Colombia
CMTrading is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). However, CMTrading is globally regulated, as listed in the table below:
CMTrading Global Regulations
| 🏛️Registered Entity | 🌎Country of Registration | 🔎Company reg. | 🔎Regulatory Entity | 📈Tier | 🪪License Number/Ref |
| GCMT Limited T/a CMTrading | Seychelles | 8425982-1 | FSA | 3 | SD070 |
| Blackstone Marketing SA (PTY) LTD | South Africa | 2013/045335/07 | FSCA | 2 | FSP 38782 |
CMTrading Protection of Client Funds
| 🛡️Security Measure | 🖺Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | No |
| Compensation Amount | None |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Is CMTrading regulated and overseen by Colombia’s Superintendencia Financiera de Colombia or “SFC”?
No, CMTrading is not overseen by the SFC in Colombia, but the FSA and FSCA regulate it and follow the financial norms set by these entities.
Where are the funds kept that I deposit with CMTrading?
CMTrading keeps traders’ funds in segregated accounts, apart from the company’s operational cash and safe from being used for any other purpose.
CMTrading Awards and Recognition
After further investigating the CMTrading website, we discovered that the broker has received numerous awards for its offerings. The most recent awards that piqued our interest were as follows:
- Best Performing Financial Broker in Africa for 2024.
- Most Trusted Forex Broker in Africa in 2024.
- South Africa’s Best Financial Broker for 2024 by Global Business Review Magazine.
- The company’s partner program was the Best Partner Program in the GCC, according to Global Business Review Magazine
- Most Innovative Trading App in Africa by Brand Review Magazine in 2024.
- Best Financial Broker in Nigeria for 2024 by Global Review Magazine.
- Fastest Growing Financial Broker in the Gulf Cooperation Council (GCC).
CMTrading Account Types and Features
CMTrading’s diverse account types and tiered structure are impressive. With its tiered accounts, traders can choose the best account based on their financial constraints, trading objectives, and experience level.
The table below contains a summary of each account type followed by an in-depth analysis of each Colombian account:
| Bronze | Silver | Gold | Premium | |
| ⚖️Availability | All traders | All traders | All traders | All traders |
| 📈Markets | All | All | All | All |
| 💳Commissions | None; only the spread is charged | None; only the spread is charged | None; only the spread is charged | None; only the spread is charged |
| 💻Platforms | All | All | All | All |
| 📊Trade Size | From 0.01 lots | From 0.01 lots | From 0.01 lots | From 0.01 lots |
| 📈Leverage | 1:200 | 1:200 | 1:200 | 1:200 |
| 💰Minimum Deposit | 390,000 COP ($100) | 970,000 COP ($250) | 19.33 million COP ($5,001) | 193.23 million COP ($50,000) |
CMTrading Demo Account
When we looked into CMTrading’s offerings, we were impressed by the demo account’s wealth of features catering to new and experienced traders.
This account functions as both a simulation and a comprehensive training resource. Colombian traders can trade risk-free with a virtual balance of up to $50,000, providing an excellent opportunity to learn about market dynamics without incurring actual monetary losses.
This ensures that Colombian traders can easily transition to live trading when they are ready.
We were also pleased to see that all account types—Bronze, Silver, Gold, and Premium—are available in the demo environment, allowing traders to experiment with different strategies at different investment amounts and complexity levels.
We found this very useful in Colombia, where forex trading is still gaining popularity. Like CMTrading’s live accounts, the demo account provided us with full access to all trading instruments and real-time market data.
CMTrading Bronze Account
The Bronze account is ideal for beginners in Colombia who want to trade forex or CFDs. With a minimum investment of 390,000 COP ($100), it is an excellent choice for those looking to test the waters of trading without investing too much capital.
Beginning at 1.5 pips, we think the spreads on the most popular currency pairs are competitive, making trading easier for beginners.
Traders with a Bronze account can open larger positions than their deposit size would normally allow, thanks to a maximum leverage of 200:1. However, this also increases the risk and should be used cautiously.
The account also provides access to instructional materials and webinars, which are excellent resources for learning about trading.
According to us, one of the best features of the Bronze account is the daily market reviews. These reviews provide valuable insights into market trends, allowing novice traders to make more informed decisions.
CMTrading Silver Account
Traders in Colombia with more experience and a desire to advance their trading careers can open a Silver account with CMTrading.
Compared to the lower entry barrier of the Bronze account, we discovered that this account, which requires a minimum deposit of 970,000 COP ($250), offers more sophisticated capabilities.
Colombians can access a personal account manager for recommendations and assistance with each trader’s unique situation.
Traders can also expect improved trading outcomes because of much lower trading expenses due to tight spreads, which start at 1.2 pips on major pairs.
Overall, we found that intermediate traders in Colombia who want to elevate their trading experience will find the Silver account the perfect blend of advanced tools and accessibility.
CMTrading Gold Account
With a minimum deposit of 19.33 million COP ($5,001), we believe only experienced Colombian traders should benefit from the Gold account’s comprehensive and competitive trading environment.
Gold account holders have access to premium services such as more detailed market research and reports and advanced charting tools. We discovered that without these tools, you cannot make informed trading decisions or enjoy trading to its full potential.
This account type offers even tighter spreads for high-volume traders, which begin at just 0.9 pips on popular forex pairs.
Gold account holders are eligible for exclusive invitations to VIP events and advanced seminars, where they can network with other traders and seek advice from industry experts.
Traders who require quick access to their funds can also benefit from the Gold account’s expedited withdrawal processing.
Colombian traders who take their trading seriously will find a strong trading environment with the Gold account.
CMTrading Premium Account
Traders with high net worth in Colombia can open a Premium account for a minimum of 193.23 million COP ($50,000). This account is ideal for high-volume traders and scalpers because it provides the best conditions, including spreads as low as 0.1 pips on major pairs.
This account type allows traders to maximize their trading positions with a maximum leverage of 200:1.
We discovered that premium account members receive personalized coaching from experienced market analysts and access to premium trading signals that provide timely and actionable trading opportunities.
CMTrading Islamic Account
CMTrading, like many other Forex and CFD brokers, offers Islamic accounts. We also tested this service under Sharia law and suitable for Muslim traders.
This account guarantees that trading activities will not charge swap or rollover interest on stocks held overnight, removing a significant barrier to accessing foreign financial markets for Colombian traders who hold these religious beliefs.
Our research on CMTrading’s Islamic Account revealed that the account provides instantaneous trade execution and settlement to maintain transparency.
The Islamic account prohibits trading in stocks or cryptocurrencies, in line with Sharia-compliant products. All trading operations follow the ethical guidelines outlined by Islamic rules.
Can Colombian traders open practice accounts with CMTrading?
Yes, traders can open demo accounts with which they can practice trading strategies and the different platforms.
Who should open the expensive CMTrading’s Gold and Premium accounts?
CMTrading’s Gold and Premium accounts are meant for experienced traders and those with a high net worth due to their high entry level. However, they include valuable features like lower spreads, personal account managers, and access to unique webinars.
CMTrading Account Registration
To get started with CMTrading, Colombians can follow these easy steps:
Step 1 – Select Sign Up
Go to the official CMTrading website and find the “Sign Up” option on the homepage. Click the “Sign Up” button and wait for the registration form to load.
Step 2 – Choose Account Type
Complete the information and choose the account type that suits your needs from the available options: Choose between Bronze, Silver, Gold, or Premium, based on your trading experience and financial objectives.
Step 3 – Complete Form
Complete the registration form by providing your personal information. Complete the Know Your Customer (KYC) process by submitting the necessary documents for identity verification. These include a government-issued ID (such as a passport or national ID card) and proof of residence (like a utility bill or bank statement).
How can I open a CMTrading account from Colombia?
Colombians can easily register an account with CMTrading free and online on the broker’s website.
Is there an account suitable for novice Colombian traders?
Yes, after practicing on the demo account, novice traders can start with a Bronze account.
CMTrading Broker Comparison
| 🥇 CMTrading | 🥇 AvaTrade | 🥇 BDSwiss | |
| 🗺️ Regulatation | FSA, FSCA | CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao | CySEC, FSC, BaFIN, FSA |
| 💻 Trading Platform | MetaTrader 4 CMTrading Web CopyKat | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web |
| 💰 Withdrawal fee | Yes | No | No |
| 💳 Demo Trading Account | Yes | Yes | Yes |
| 💰 Minimum Deposit | 390,000 COP ($100) | 390,000 COP ($100) | 39,000 COP ($10) |
| 📊 Leverage | 1:200 | 1:30 (Retail) 1:400 (Pro) | Up to 1:1000 |
| 💰 Spreads | From 0.9 pips | Fixed, from 0.9 pips | From 0.0 pips |
| 🚀 Commissions | None; only the spread is charged | None; only the spread is charged | From $2 |
| 📊 Margin Call/Stop out | From 20% | 25% – 50% (M) 10% (S/O) | 50%/20% |
| 📊Order Execution | Market | Instant | Instant/Market |
| ❌No-Deposit Bonus | No | No | No |
| 🪙Cent Accounts | No | No | Yes |
| 📒 Account Types | Bronze Account Silver Account Gold Account Premium Account | Standard Live Account Professional Account Option | Cent Account Classic Account VIP Account Zero Spread Account |
| 🏛️SFC Regulation | No | No | No |
| 💰COP Deposits | No | No | Yes |
| 💻COP Account | No | No | No |
| 📞Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 💳Retail Investor Accounts | 4 | 1 | 4 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 💰Minimum Trade Size | 0.01 lots | 0.01 pips | 0.01 lots |
| 💸Maximum Trade Size | Unknown | Unlimited | 50 lots |
| ⏰Minimum Withdrawal Time | Instant | 24 to 48 Hours | Instant |
| ⏲️Maximum Estimated Withdrawal Time | Up to 3 working days | Up to 10 days | Within 24 hours |
| 💳Instant Deposits and Instant Withdrawals? | Yes, deposits and withdrawals | No | Yes |
| 👉Open Account | Open Account | Open Account | Open Account |
CMTrading Trading Platforms
CMTrading’s trading platforms feature user-friendly interfaces, educational materials, and powerful trading tools and technology suitable for novice and experienced traders.
In the sections that follow, we will evaluate these platforms’ suitability for Colombian traders:
CMTrading Web
One of the most distinguishing features of CMTrading’s web platform is the integration of trading tools designed to improve trading efficiency. For example, strong charting options enable you to conduct in-depth market analysis.
We found CMTrading’s web interface very user-friendly for Colombian traders new to forex. If you use multiple devices or prefer to keep things simple, you can view it directly from your web browser without downloading or installing anything.
Furthermore, you can quickly change the charts by utilizing a variety of technical indicators and tools to identify trends and potential trading opportunities. The platform supports one-click trading, which allows you to execute trades quickly without switching screens.
Colombians who need to react quickly in a changing market will appreciate this. CMTrading’s Web platform, with its responsive design and user-friendly style, benefits all traders in Colombia, from beginners to experts.
MetaTrader 4
CMTrading’s MetaTrader 4 platform (MT4) is popular among Colombian traders due to its reputation for durability and versatility.
According to our tests, MT4 can provide a completely reliable and dynamic trading environment. The extensive charting package in MT4 is a fantastic feature, as it provides a variety of charts and time frames to suit various trading strategies.
It benefits both short-term and long-term trading in Colombia, as analyzing market fluctuations over multiple time frames helps traders make better decisions. Its user-friendly layout and powerful features make it an ideal trading platform for both new and experienced traders.
You can be confident that your transactions will be completed at the best possible rates with minimal slippage thanks to MT4’s market execution technology.
We believe this is critical for Colombian traders operating in volatile markets. The efficiency of trade execution, primarily determined by the platform’s speed and stability, can significantly impact trading results.
Because of its powerful analytical tools and effective execution skills, MT4 is the ideal platform for Colombian traders looking to boost their trading success.
CopyKat Trading
Finally, we looked at CopyKat Trading, another of CMTrading’s platforms that offers a unique social trading experience.
The sense of camaraderie among CopyKat Trading members is one of its most significant advantages. Colombian traders can learn a lot about trading strategies and market perspectives by connecting with mentors and other traders worldwide.
This platform’s ability to mimic the trades and techniques of seasoned professionals may benefit novice traders who are still learning trading strategies and those with hectic work schedules who do not have time for in-depth market research.
The software allowed us to easily view the performance statistics of other traders who were available for copying. Traders can manage risk by adjusting copy settings, such as specifying a fixed amount for each transaction or a balance percentage.
CMTrading’s CopyKat Trading is unlike other trading platforms; it is a learning environment where you can pick up skills through practice. As a result, we believe that traders in Colombia may use this information to choose a mentor based on their trading style, risk tolerance, and track record.
What equipment do Colombian traders need to trade on CMTrading platforms?
Colombian users only need a mobile phone, as CMTrading’s platforms include a web version that can be accessed with a mobile phone and an active internet connection.
What can Colombian traders do with the CopyKat platform on CMTrading?
With the CopyKat platform, Colombian traders can copy other traders to be more successful in making a profit.
CMTrading Range of Markets
To help Colombians achieve balanced portfolio diversification, CMTrading offers a variety of instruments that cater to their diverse trading needs, styles, and techniques. Colombian traders can trade the following markets with CMTrading:
Indices
Traders in Colombia have access to foreign markets through more than 20 different indexes, allowing them to make informed decisions without leaving their native country.
When dealing with indices reflecting the economic growth of emerging nations, Colombian traders can take advantage of the available competitive leverage levels to increase their market exposure.
Colombian traders have a distinct advantage when it comes to focusing on emerging markets. They can easily use their knowledge of regional economic climates to inform their trading techniques.
Forex
Over 50 currency pairs, including major, minor, and exotic pairs, are available to Colombian traders in the forex market, creating a broad and dynamic trading environment.
Swift decision-making is vital in the volatile currency market, and trading capabilities are enhanced by leverage of up to 1:2000.
Being able to trade exotic currencies like the South African Rand (ZAR), a currency with both worldwide importance and possible economic links to Colombia, is an exciting possibility for Colombian traders.
Stocks
Investors from Colombia have access to CMTrading’s vast collection of over 100 worldwide stocks, allowing them to speculate on a wide range of companies and industries.
Traders can own a piece of significant corporations all over the globe when real stocks, not simply CFDs, are offered. We also found that Colombian traders can easily navigate the stock market with the help of CMTrading’s dedication to customer satisfaction and individual service.
Cryptocurrencies
Traders in Colombia have access to a market that is open around the clock and can participate in more than 21 CFD cryptos.
Furthermore, CMTrading’s real-time market forecasts, updates, and leverage options magnify a trader’s exposure to market volatility, allowing for more effective execution of planned trades.
A reliable platform for digital assets trading is a requirement for Colombian traders, and this platform satisfies that demand with its focus on security and transparency.
Commodities
Colombian traders can access several commodities, including energy, agricultural products, precious metals, and more, through CMTrading.
With flexible leverage options, trading becomes even more exciting, opening the door to bigger market positions and higher profits.
In the volatile commodities market, quick execution and small spreads are of the utmost importance. We believe that Colombian traders can benefit from expert insights and develop commodities market-specific trading techniques with the help of Trading Central’s technical analysis.
CMTrading Leverage and Margin
Our analysis of CMTrading’s margin and leverage policies revealed that the broker caters to Colombian traders with varying risk tolerances and trading styles.
After thoroughly examining CMTrading’s website and client agreement, we have determined that this broker provides a range of flexible leverage choices, including instruments with a maximum leverage of 1:200.
Traders looking to increase their market exposure without putting a huge sum of money down might benefit greatly from this high level of leverage.
Our research shows that CMTrading accounts for the specifics of the Colombian market when it comes to margin and leverage.
To keep their positions open, traders with CMTrading must maintain a minimum margin amount, as is the case with many brokers.
However, the margin call policy that CMTrading employs to avoid negative balances is what sets it apart. This element is crucial for Colombian traders looking for security in the uncertain trading environment.
In addition, we found that CMTrading uses a dynamic leverage strategy, which means that leverage is adjusted according to the open position size.
This strategy is ideal for Colombian traders because it allows them to take larger positions with lesser leverage, which reduces the danger of losing a lot of money due to unexpected market fluctuations.
If you’re a trader looking to learn more about margin and leverage, CMTrading has you covered there, too. Colombian traders greatly benefit from this help since it teaches them how to successfully control leverage based on their trading style and risk tolerance.
In conclusion, CMTrading has carefully considered the requirements of Colombian traders while developing their margin and leverage products.
Traders can comfortably navigate the markets with the broker’s complete framework, which includes educational tools, protected margin policies, and adjustable leverage options.
After reviewing CMTrading’s policies, we can confidently say that the broker is serious about giving its Colombian clients a safe and dynamic trading environment.
Does CMTrading offer Colombian traders the opportunity to trade in local markets?
No, CMTrading does not facilitate trading in domestic CFDs like indices or stocks.
Are index trading options available for Colombian traders at CMTrading?
Colombian traders can trade a variety of worldwide indexes through CMTrading. However, CMTrading doesn’t offer domestic indices from Colombia.
CMTrading Fees
Compared to other top-tier FX and CFD brokers, CMTrading’s fees are reasonable. We discuss these fees in detail below.
CMTrading Spreads
Our analysis of CMTrading’s spread structure indicates that Colombian traders stand to benefit from the company’s extremely low spreads. For example, the difference in value between the US dollar and the euro in the foreign currency market could be as small as 0.00001 pip.
Spreads on other assets, such as crude oil and Brent, indexes, and stocks like Apple and USTECH/NSDQ, can be as small as 0.01 pip.
We discovered that even for highly volatile assets such as BTC/USD, the spread remains constant at 0.01 pips. High-frequency traders and those working with slim profit margins may benefit from this narrow-spread strategy.
CMTrading Commissions
Traders in Colombia can predict their trading expenses better because CMTrading does not charge separate commission fees.
CMTrading Overnight Fees
Traders who hold positions overnight must understand swap or overnight fees. These fees are set by CMTrading and vary depending on the instrument and duration of the position.
For example, our most recent calculations show that the cost of holding a long position in the EUR/USD market is -14.56 points. In contrast, holding a short position costs two points.
Colombians should consider these fees when they want to hold positions overnight, as they may affect the profitability of their trades.
CMTrading Deposit and Withdrawal Fees
CMTrading’s website lists the method-specific costs associated with deposits and withdrawals.
For example, there is a 4% maximum cost for bank wire deposits and a 4% fee for bank wire withdrawals, which are deducted from the market rate. Deposits for cryptocurrency transactions cost 2.5 percent plus the market rate, while withdrawals cost 4 percent plus the market rate.
CMTrading Inactivity Fees
CMTrading will charge a $15 monthly inactivity fee to accounts that have been idle with no trading activity for an extended period. To reduce these expenses, traders should plan their trading activities or close their accounts if they expect a lengthy period of inactivity.
CMTrading Currency Conversion Fees
Because CMTrading does not offer COP, Colombian traders should know the currency conversion fees that apply when trading in a currency other than their account’s base currency.
What is meant by ‘conversion fees’ when trading with CMTrading?
Colombian traders may pay these conversion fees due to their lack of access to COP accounts, and their deposits need to be exchanged for USD, etc.
Does CMTrading charge deposit and withdrawal fees to Colombian traders?
Yes, Colombian traders will pay deposit fees, for example, 4% maximum for bank wire deposits and 4% for bank wire withdrawals. Deposits for cryptocurrency deposits cost 2.5 percent plus the market rate, while withdrawals cost 4 percent plus the market rate.
CMTrading Deposits and Withdrawals
CMTrading offers fairly standard deposit and withdrawal procedures. However, CMTrading has significantly shortened processing times, which makes it an excellent choice for Colombians.
The deposit and withdrawal options are displayed below as they are valid for different locations, supported currencies, and processing times:
| 💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
| MasterCard | All | USD, EUR, GBP, ZAR | Instant (deposit and withdrawal) |
| Visa | All | USD, EUR, GBP, ZAR | Instant (deposit and withdrawal) |
| Diners Card | All | USD | Instant (deposit and withdrawal) |
| Discover | All | USD | Instant (deposit and withdrawal) |
| Visa Electron | All | USD, EUR, GBP, ZAR | Instant (deposit and withdrawal) |
| Bank Transfers | All | USD, EUR, GBP, ZAR | 1 – 3 days on deposits and withdrawals |
| Cryptocurrency Payments | All | BTC, ETH, etc. | Instant |
| Skrill | All | USD | Instant (deposit and withdrawal) |
| EFTPay | All | USD, EUR, GBP, ZAR | Instant (deposit and withdrawal) |
| Neteller | All | USD | Instant (deposit and withdrawal) |
| Perfect Money | All | USD | Instant (deposit and withdrawal) |
CMTrading Deposits
How to Deposit using Bank Wire Step by Step
- Proceed to the ‘Deposit’ section of your CMTrading account.
- To deposit, use the ‘Bank Wire’ option.
- Information regarding CMTrading’s banking will be provided. To send money from your bank account, please follow the instructions.
- Your currency should be used to deposit the desired amount (USD, EUR, GBP, or ZAR).
- Be sure to keep the receipt from the bank for the transfer.
- Send CMTrading proof of payment to expedite the process, which typically takes one to three days.
How to Deposit using Credit or Debit Card Step by Step
- Proceed to the ‘Deposit’ section of your CMTrading account.
- Click the “Credit/Debit Card” option.
- Enter your card number, the date it expires, and the CVV.
- Indicate the deposit amount in a supported currency (USD, EUR, GBP).
- Confirm the transaction.
How to Deposit using Cryptocurrency Step by Step
- Sign in to your CMTrading account and choose the ‘Deposit’ option.
- Select ‘Cryptocurrency,’ followed by the cryptocurrency you want to use (for example, BTC or ETH).
- CMTrading will assign a unique wallet address for the transfer.
- Open your personal cryptocurrency wallet, enter the CMTrading wallet address, and send the specified amount.
- The deposit will be confirmed on the blockchain.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- On your CMTrading account, navigate to the ‘Deposit’ window.
- Select your preferred electronic wallet (Skrill, Neteller, Perfect Money, or EFTPay).
- You will need to enter the amount into your electronic wallet account.
- Confirm the payment. E-wallet deposits are handled immediately.
CMTrading Withdrawals
How to Withdraw using Bank Wire Step by Step
- Sign in to CMTrading and navigate to the ‘Withdrawal’ section.
- If you want to withdraw money, select “Bank Wire.”
- Provide your name, your bank account number, and the SWIFT and BIC codes.
- Indicate the withdrawal amount in a supported currency (USD, EUR, GBP, or ZAR).
- Request to withdraw. A wire withdrawal from a bank usually takes between one and three days.
How to Withdraw using Credit or Debit Cards Step by Step
- After logging in to CMTrading, select the ‘Withdrawal’ option.
- To withdraw money, select the “Credit/Debit Card” option.
- Verify the information on the card that was used to make deposits.
- To withdraw money, the amount must be in the currency of your account.
- Make the request to withdraw. The withdrawal process for credit and debit cards is quick.
How to Withdraw using Cryptocurrency Step by Step
- After logging in to CMTrading, select the ‘Withdrawal’ option.
- Click on the “Cryptocurrency” option, then select the type (e.g., BTC, Ethereum).
- Please provide the address of your personal wallet to receive the funds.
- Enter the amount that you wish to withdraw.
- Confirm the withdrawal. Withdrawing cryptocurrency typically takes place instantly.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Log into CMTrading and go to ‘Withdrawal’.
- Use Skrill, Neteller, Perfect Money, or EFTPay to withdraw.
- Check your e-wallet data.
- Enter the withdrawal amount.
- Request withdrawal. Withdrawals from e-wallets are instant.
Can Colombian traders withdraw funds from CMTrading in crypto?
Yes, Colombian traders can withdraw funds from CMTrading in crypto, a very quick method.
Which deposit method a Colombian trader uses will take the longest to process?
Bank wire depositing usually takes up to a few days, the longest of all the methods.
Min Deposit
USD 1
Regulators
FSCA,FSA
Trading Desk
MT4, PandaTS, Webtrader
Crypto
Yes
Total Pairs
174+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
CMTrading Education and Research
How-To Videos
CMTrading’s How-To Videos are a valuable resource for Colombian traders who want to understand trading fundamentals. These videos provide comprehensive coverage of various topics, including the setup of a trading platform and the execution of trades.
For Colombians, especially those who are new to trading, these videos provide a valuable resource, presenting instructions in a clear and easily understandable format.
They have the expertise to assist traders in comprehending the intricacies of market analysis and the mechanics of trading, which are crucial in the ever-changing financial markets.
CMTrading Events
The CMTrading Events section serves as a central hub for Colombian traders, providing them with timely updates on upcoming financial events that can potentially influence their trading strategies. These events consist of webinars, seminars, and roundtable discussions.
These events offer valuable educational content and the chance to connect with fellow traders and industry professionals, which can be highly beneficial for Colombians.
This can be especially advantageous for individuals seeking to understand the impact of global events on local markets and make informed trading choices.
Daily Trading Signals
CMTrading’s Daily Trading Signals are a valuable resource for Colombian traders, providing strategic insights to guide their trading decisions. These signals provide recommendations for potential trades based on thorough market analysis.
For Colombians, these signals can serve as a valuable resource for making well-informed decisions, particularly for individuals who do not have the luxury of dedicating extensive time to conducting their own market analysis.
According to our research, it’s a method of accessing professional expertise and utilizing it for trading activities on platforms such as MetaTrader 4, which has gained popularity in Colombia.
Calculators
Calculators are indispensable tools for Colombian traders, and CMTrading provides a wide range of options, such as margin and pip calculators. These tools are essential for effectively managing risk and strategically planning trades.
These calculators are useful tools for Colombians to make accurate calculations and effectively manage trades.
Daily Market Reviews
CMTrading’s Daily Market Reviews offer Colombian traders a concise overview of the day’s noteworthy market movements and events. This resource is especially helpful for individuals who want to stay updated but have a busy schedule and limited time to review news articles.
These reviews can provide valuable insights into global economic changes that may impact trading strategies for Colombian traders, particularly in commodities significant to Colombia’s economy, like coffee and sugar.
Fundamental Analysis
Understanding fundamental analysis is crucial for successful trading, and CMTrading provides valuable resources to assist Colombian traders in comprehending the economic indicators that influence market trends.
Understanding the economic developments in Colombia is crucial as they can greatly influence trading. With a solid grasp of fundamental analysis, Colombian traders can enhance their ability to predict market movements and make well-informed trading choices.
Economic Calendar
The Economic Calendar is a valuable tool for Colombian traders to stay informed about important economic events that can impact their trading decisions.
Understanding international economic releases can provide valuable insights into potential market reactions, especially in the context of Colombia’s emerging market status. This calendar is essential for strategizing trades around events that may result in heightened market volatility.
Blog
CMTrading’s Blog provides many articles covering topics such as strategy, analysis, and market news.
The blog serves as a valuable resource for Colombian traders, helping them expand their market knowledge and stay informed about the latest trading trends. It can provide valuable insights into how global market trends may impact local Colombian market conditions.
Daily Podcast
The Daily Podcast from CMTrading is a convenient resource for Colombian traders to stay updated on the latest market news and trends. This is particularly beneficial for individuals who may be pressed for time and prefer to listen to information instead of reading lengthy reports.
It allows them to multitask and listen while commuting or engaging in other activities. The podcast is designed to assist Colombian traders in staying connected to the markets while seamlessly fitting into their daily routines.
Free Webinars
CMTrading offers free webinars that provide an interactive learning experience for Colombian traders, allowing them to gain insights from industry experts.
These webinars provide a comprehensive range of topics, covering market analysis, trading strategies, and risk management.
In our opinion, attending the webinars provides Colombians with a valuable opportunity to learn from experienced trading professionals and receive real-time guidance, allowing them to improve their trading skills.
Live Seminars
CMTrading occasionally offers live seminars in various regions. When these seminars take place in Colombia, traders have the chance to interact directly with market experts and fellow traders.
Attending these seminars can provide you with valuable knowledge and the opportunity to learn from experienced professionals. You will gain a deeper understanding of trading concepts and insights into the local market.
eBooks
CMTrading offers a diverse selection of eBooks catering to various trading expertise levels, including introductory guides and more advanced strategies.
These eBooks provide a convenient learning opportunity for Colombian traders, allowing them to learn at their own pace. They are especially valuable for individuals seeking to enhance their comprehension of intricate trading concepts and implement them within the Colombian market.
Technical Analysis
CMTrading provides a range of resources for technical analysis, including charts, indicators, and tools that can help you analyze market trends and price movements.
Understanding technical analysis is crucial for Colombian traders to navigate the unpredictable nature of financial markets successfully.
These resources can assist individuals in identifying trading opportunities and making informed decisions based on price action. This is particularly important in markets influenced by local and international factors.
Training Videos
Training Videos are an essential component of CMTrading’s educational suite, offering Colombian traders valuable visual and practical lessons on a wide range of trading topics.
These videos are valuable resources for traders in Colombia who want to gain a deeper understanding of complex trading instruments and strategies. This knowledge is crucial for navigating the ever-evolving and sophisticated market.
Do Colombian traders with CMTrading have access to webinars?
Yes, Colombian traders can access CMTrading webinars through the website.
Do Colombian traders have access to enough research tools when they trade with CMTrading?
Yes, Colombian traders have access to several research tools, from advanced charting and technical analysis indicators to real-time market news when they trade with CMTrading.
CMTrading Bonuses and Promotions
Instead of deposit or sign-up bonuses, CMTrading prioritizes a successful affiliate network and referral bonuses for partners who promote its products. CMTrading’s affiliate program includes official compensation for partners who introduce new traders.
The company’s “Promote a Friend” program may pay referrals $100 for each new trader who registers and deposits.
CMTrading emphasizes its commitment to long-term customer and partner relationships by focusing on collaborative growth over temporary promotional incentives.
CMTrading Affiliate Programs
Thus far, we’ve discovered a lot about CMTrading and how the broker could benefit retail traders. Next, we’ll discuss how CMTrading’s affiliate program works and how Colombians can partner with this flexible and reputable firm.
Features
We looked into the CMTrading affiliate program and found it’s a good opportunity for Colombian traders to make money through referrals. As an award-winning, licensed, and regulated broker, CMTrading provides affiliates with the legitimacy they need to launch their own business ventures.
Affiliates can earn commissions by referring new clients to CMTrading. Potential rewards are directly proportional to the number of successful referrals, making this a compelling choice for individuals with strong marketing and networking skills.
With high-level SSL encryption and segregated accounts for funds, CMTrading provides a secure trading environment to clients referred by affiliates.
Clients who are worried about the security of their money will find this to be a major selling point.
Clients also have access to first-rate trading resources, such as CMTrading WebTrader, the widely used MT4 platform, and sophisticated trading applications, which can improve their trading experience and, who knows, maybe even increase their success rates.
As an additional selling point, affiliates can promote CMTrading’s trading conditions. Moreover, traders who want to get the most out of the market might take advantage of the clients’ high leverage and narrow spreads.
CMTrading provides substantial educational support through weekly webinars, individualized training sessions, and a treasure trove of market knowledge to assist clients in honing their trading methods and making educated judgments.
Nobody will abandon you when you sign up as an affiliate. To ensure the continued success of your referral business, CMTrading offers first-rate support and pairs you with an assigned account manager.
If you’re having trouble overcoming obstacles or getting the most out of your referral strategy, this kind of help might be invaluable. In addition, affiliates can earn unlimited income for referring new clients, so they can reap the advantages of each sale for years to come.
Affiliates can stay informed and alter their referral techniques with the tools offered by CMTrading, which allow them to track client performance and commissions in real time.
In our opinion, traders from Colombia have a great chance to build a sustainable income with the CMTrading affiliate program. The platform has a stellar reputation for trading, excellent customer service, and a firm dedication to its affiliates’ success.
How to Register an Affiliate Account with CMTrading Step-by-Step
Colombians who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Register as an Affiliate
Visit CMTrading’s website at https://www.cmtrading.com/.Locate the main menu bar at the top of the page.Hover your cursor over the “Our Company” tab.
👉Step 2 – Select Introducing Business
A drop-down menu will display. To get information on the affiliate program, click Introducing Business. You’ll notice two options to start your CMTrading affiliate account setup process: A prominent “Register” banner is often shown in the upper right corner of the webpage. Alternatively, click the “Become a Business Referral” banner.
👉Step 3 – Complete Form.
Prepare to provide detailed personal and company information so CMTrading can determine your eligibility for the program. Ensure you have the following information easily available: Full Name Colombian contact information: phone number, email address, and residential address in Colombia, Business information (website URL, industry, etc., where appropriate) Complete the application form correctly and completely by addressing all mandatory fields.
CMTrading will take a few days to evaluate your application and documentation. Once approved, you should receive an email with the information and links to log into your affiliate portal to get started.
If I become a Colombian affiliate of CMTrading, will I get any help from them?
Yes, CMTrading offers affiliates several marketing tools to reach and educate more traders.
Can I become a Colombian affiliate of CMTrading if I am a social influencer?
Yes, you can become an affiliate of CMTrading, especially if you also have knowledge and passion for marketing and access to potential clients among your followers.
CMTrading Customer Support
Customer Support
| 📞Customer Support | 🗣️Customer Support |
| ⏰Operating Hours | 24/5 |
| 🗣️Support Languages | English, Arabic |
| 🗨️Live Chat | Yes |
| 📧Email Address | Yes |
| 📞Telephonic Support | Yes |
| 🌟The overall quality of their Support | 4/5 |
Response Time
| Support Channel | Average Response Time | User-based Response Time |
| 📞Phone | 5 – 10 minutes | 7 minutes |
| 24 – 48 hours | 1 working day | |
| 🗨️Live Chat | 2 – 7 minutes | 5 minutes |
| #️⃣Social Media | 5 minutes | 5 minutes |
| 🗣️Affiliate | 24 – 48 hours | Same day |
Can Colombian traders communicate with CMTrading in their mother tongue?
No, CMTrading’s customer support is only available in English and Arabic.
Can CMTrading customer service teams be reached by phone?
Yes, CMTrading provides a phone number where Colombian traders can reach customer support teams.
CMTrading Social Responsibility
CMTrading does not participate in CSR projects in Colombia, but we were impressed with their aggressive community outreach efforts, particularly in Cape Town, South Africa.
In December 2022, CMTrading and Sporting Chance held a three-day coaching seminar in Langa, Cape Town, including a sports clinic that benefited local children and provided valuable educational opportunities. In addition, CMTrading sponsors local soccer matches.
We believe these activities improve CMTrading’s reputation and benefit young people by allowing them to grow, learn, and enjoy sports.
Conclusion
After extensive research, we concluded that CMTrading is an excellent forex and CFD broker for Colombians.
The broker’s numerous account options enable traders of all levels to tailor their trading objectives and budgets. With low spreads and no commissions, CMTrading is an excellent choice for traders looking to maximize profits.
In addition to customizable live accounts, the demo account allows traders to test the platform without risking any money. CMTrading provides an economic calendar, daily market evaluations, and webinars to assist Colombian traders in making informed decisions.
CMTrading accepts multicurrency accounts, deposits, and withdrawals but not the Colombian Peso (COP), which may incur currency translation fees.
While researching CMTrading’s trading and non-trading fees, we discovered deposit and withdrawal fees, currency conversion fees, and inactivity fees, which can increase costs.
High leverage and transaction charges are risks, but CMTrading’s comprehensive offerings and welcoming trading environment make it worthwhile.
Despite these shortcomings, CMTrading’s community interaction, educational content, and sophisticated platform features make it an excellent choice for Colombian traders.
CMTrading User Comments and Reviews
CMTrading has thousands of reviews from trusted websites. Some recent ones we found:
- “CMTrading always helps me, thank you.”
- “CMTrading has given me great service for months now. Their tools are helping me improve at trading, and the costs are low.”
- “I was worried about CMTrading, but now I am confident. The site is great, and their tools helped me make deals that made money.”
- “CMTrading is better than many other brokers. Their seminars and trading signals help me make better trading decisions.”
Our Recommendations on CMTrading
- Expanding its CSR business to include Colombian community events would benefit CMTrading. In addition to raising awareness, this will help local traders learn more about their business.
- CMTrading can attract Colombian traders by providing local payment options.
- Improved market research and commodity predictions will benefit Colombian traders.
- Registering accounts in Colombian pesos would make trading more affordable for locals.
- CMTrading can expand its customer support hours to more time zones.
Our Insight
CMTrading provides an easy-to-use platform for trading stocks, indices, and cryptocurrencies. Their customer support is outstanding in terms of service. Their emphasis on education and mobile apps is appealing to new traders, although active traders may be put off by potentially higher fees.
CMTrading Pros & Cons
| ✅Pros | ❌Cons |
| Colombians can choose an account that suits their risk tolerance and styles | Some accounts have high minimum deposit requirements |
| CMTrading is well-regulated in Seychelles and South Africa | There are no COP-denominated accounts |
| Advanced trading platforms | CMTrading isn’t regulated in Colombia |
| Colombians can access multilingual customer support across many channels | Crypto CFD options are limited compared to other brokers |
| There are competitive spreads and zero commission fees | CMTrading charges deposit and withdrawal fees on various payment methods |
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Frequently Asked Questions
How much will I be charged if my CMTrading account incurs an inactivity fee?
You will be charged a $15 inactivity fee.
Does CMTrading operate under regulation?
Yes, CMTrading is properly regulated in South Africa and some other countries.
What minimum deposit is needed for an account with CMTrading?
The minimum deposit for a CMTrading account is ($100) 386474 COP.
How long does it take to withdraw from CMTrading?
Deposits and withdrawals can be processed within 24 hours.
Does CMTrading offer any bonuses?
CMTrading does not often offer bonuses. Occasionally, they might offer a sign-up bonus if a trader deposits $100 or more.
