CMTRADING has been flagged by Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: NIL.
Where do I even begin with CMTRADING? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Real-time alerts|Clear documentation|Comprehensive tools
Cons: Website design could be more modern|Could offer more webinars
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. CMTRADING recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast execution|No hidden fees|Reliable uptime
Cons: Cannot customize dashboard fully
After doing some research AFTER the fact (I know, I should have done this first), I discovered that CMTRADING is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The spread at CMTRADING is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through word of mouth in my investment club and initially thought the platform was good - until I started trading seriously.
Pros: Fast support response|Comprehensive tools|Stable platform
Cons: Withdrawal takes 1-2 business days|Minimum deposit could be lower
I lost a significant amount because CMTRADING did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Regular platform improvements|Professional team
Cons: Onboarding videos are outdated|Desktop app not available on Linux
CMTRADING changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Instant funding|Multiple order types
Cons: Slow to add new assets|Email notifications too frequent
CMTRADING had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Responsive team|Dedicated account manager|Copy trading available|Segregated accounts
Cons: Wish they had more educational resources|Withdrawal takes 1-2 business days
The platform at CMTRADING is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about eight months of dealing with this, I have had enough.
Pros: Customizable dashboard|Tax reports included
Cons: Inactivity fee applies after 12 months
After for the past six months with CMTRADING I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Dedicated account manager|Full transparency|Automated trading options
Cons: Limited cryptocurrency options
If you are reading this considering CMTRADING - run. I wish I had read more negative reviews through word of mouth in my investment club. I thought the positive ones were real. Maybe some are. My experience over for nearly two years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Social trading features|Real-time alerts|Tax reports included
Cons: Nothing significant|Inactivity fee applies after 12 months