CMTrading Review
CMTrading Review is a regulated MT4 Broker for Singaporeans emphasizing multilingual customer support. They offer Singaporeans a vast range of educational materials and several trading tools. CMTrading is one of the most innovative brokers for Singaporeans.
- Louis Schoeman
Updated : May 22, 2024
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Overview
CMTrading is a leading online trading platform that focuses on empowering Singaporean traders through educational resources. The platform offers Singaporean traders webinars, e-books, and daily market analysis, enhancing their trading skills.
Their competitive spreads start from 0.9 pips, catering to Singapore’s cost-saving nature.
Furthermore, the broker also adheres to regulatory standards set by the Financial Services Authority (FSA) and the Financial Sector Conduct Authority (FSCA), adding an extra layer of trust.
They have expanded its offerings to include over 150 tradable assets, catering to Singaporean traders of all levels and trading strategies.
In addition, CMTrading integrates with MetaTrader 4 and its innovative CopyKat trading feature, reflecting Singapore’s affinity for technology-driven financial solutions.
This broker is known for its secure trading environment and customer-centric approach, including 24-hour support in several languages.
As they continue to grow, its focus on blending educational support with advanced trading capabilities and stringent security measures remains an attractive option for Singaporean traders navigating global financial markets successfully.
How varied is CMTrading’s clientele?
CMTrading has a varied client base, including traders from Singapore and other areas, and caters to traders with various degrees of expertise and techniques.
Can I use CMTrading’s services on a mobile device?
Yes, they provide mobile trading systems compatible with iOS and Android smartphones, allowing Singaporean traders to trade on the go while remaining connected to the markets at all times.
At a Glance
| 🔍 Broker | 🥇 CM Trading |
| 🔢Established Year | 2012 |
| ⌛Regulation and Licenses | FSA, FSCA |
| 4️⃣Ease 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 | 135 SGD ($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 an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in Singapore
CMTrading is not regulated by the Monetary Authority of Singapore (MAS). However, their 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 CMTrading | Seychelles | 8425982-1 | FSA | 3 | SD070 |
| 🥈Blackstone Marketing SA (PTY) LTD | Indonesia | 2013/045335/07 | FSCA | 2 | FSP 38782 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | None |
| 💴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 | None |
Is CMTrading compliant with Shariah standards for traders in Singapore?
Yes. They provide Islamic trading accounts in Singapore that adhere to Shariah rules, allowing traders to engage in the financial markets while maintaining their religious convictions.
Can traders in Singapore independently check CMTrading’s regulatory status?
Yes. Singaporean traders can immediately verify their regulatory status on the FSCA and FSA’s official websites.
Awards and Recognition
Upon investigating the CMTrading website, we came across a series of noteworthy accolades:
✅Brand Review Magazine named CMTrading the “Most Innovative Trading App in Africa” for 2024, underscoring the company’s commitment to innovation.
✅In recognition of its dedication to client confidence, CMTrading was named the “Most Trusted Forex Broker” in Africa for 2024.
✅With a specific emphasis on regional acknowledgment, CMTrading was bestowed with the esteemed “Best Financial Broker” designation in Nigeria and South Africa for 2024 by Global Review Magazine and Global Business Review Magazine, respectively.
✅Global Business Review Magazine has designated CMTrading’s partner program as the “Best Partner Programme” within the Gulf Cooperation Council (GCC). Additionally, CMTrading was named the “Fastest Growing Financial Broker” in the GCC region by the same publication.
✅In recognition of its overall performance in Africa, CMTrading was awarded the “Best Performing Financial Broker in Africa” distinction for 2024.
Account Types
| 🔍 Live Account | 💴Minimum Deposit | 🚀Open an Account | ➡️Platforms | 📈Leverage |
| 🥉Bronze | 135 SGD | 👉 Click Here | All | 1:200 |
| 🥈Silver | 340 SGD | 👉 Click Here | All | 1:200 |
| 🥇Gold | 6,750 SGD | 👉 Click Here | All | 1:200 |
| 🏆Premium | 67,500 SGD | 👉 Click Here | All | 1:200 |
Bronze Account
The Bronze Account is ideal for Singaporeans just getting into financial trading. It is easily accessible, with a 135 SGD minimum and 340 SGD maximum deposit, making it suitable for novices.
Bronze Account users receive daily market updates, trading eBooks for education, and access to webinars for skill development.
Furthermore, a demo version is available to Singaporeans, allowing inexperienced traders to experiment without facing any risk.
Silver Account
The Silver Account is an upgrade from the Bronze level and offers Singaporeans a more advanced trading experience.
A larger minimum deposit of 340 SGD offers advantages such as smaller spreads for more cost-efficient trading.
In addition, Singaporean Silver Account holders also receive special trading signals and market research from Trading Central, one risk-free transaction to enhance confidence and personalized assistance from a dedicated assistant.
Therefore, this account is ideal for Singaporeans who have progressed beyond the fundamentals but are still honing their methods.
Gold Account
The Gold Account is for experienced Singaporean traders with a detailed understanding of the financial markets. With a larger deposit of 6,750 SGD, you receive advanced features, including tighter spreads and a dedicated account manager.
Furthermore, Singaporean Gold Account members also get three risk-free trades, the opportunity to open an ECN Account, and cash-back rebates based on their trading activity.
Therefore, this unique and tailormade account is ideal for those Singaporean traders who want competitive advantages and improved trading conditions, especially scalpers and day traders.
Premium Account
The Premium Account provides Singaporean professional traders with exceptional trading experience. With a minimum deposit of 67,500 SGD and no maximum deposit, it offers the lowest spreads, tailored trading conditions, and access to a specialized trading room for in-depth research.
Premium Account customers from Singapore can benefit from exclusive deals, strategic advice from trade specialists, and customized support. Therefore, it is the ideal solution for serious investors who want to optimize their trading potential.
Demo Account
CMTrading provides Demo Accounts to all customer levels, allowing traders to test their methods in a risk-free environment. This account is very handy for Singapore traders to familiarize themselves with the platform before they commit real capital that might be put at risk.
The demo account funds can easily be reset at any given time, and traders can adjust their leverage ratio according to their strategy, allowing beginners to see the benefits and risks of leverage in a simulated, risk-free environment.
Furthermore, traders can access the various functions offered by MetaTrader 4 and CMTrading Web. This can benefit traders by giving them the tools to refine and optimize their trading strategies before applying them in live markets.
Islamic Account
The Islamic Account is created for traders who desire to follow Sharia law principles. It has no interest costs and maintains ethical financial principles.
While it has the same functionality as other accounts, it does not allow trading in cryptocurrency or shares to comply with religious norms.
Therefore, the Islamic Account is a fantastic solution for Singaporean traders who want a platform that respects their religious values while delivering a thorough trading experience.
Are there any variations in trading conditions across CMTrading account types?
Yes, their account types provide different spreads, leverage levels, and additional services like dedicated account managers and risk-free trades, allowing Singaporean traders to customize their trading experience.
How can I choose which CMTrading account type is best for me?
Singaporean traders may pick the best account type based on their trading goals, experience level, and risk tolerance, considering criteria such as minimum deposit and accessible features.
How To Open an Account Step-by-Step
To register an account with CMTrading, follow these steps:
Step 1: Go to the official website and select “Start Trading”
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.
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.)
Are there any special prerequisites for creating a CMTrading account?
Singaporean traders must give personal information such as their name, email address, phone number, residence address, and papers for identification verification, as part of the Know Your Customer (KYC) procedure.
How long does it take to open a CMTrading account?
The account opening procedure is relatively rapid. Singaporean traders may begin trading as soon as they complete the registration and verification stages, which usually take a few business days.
Trading Platforms and Software
This broker offers Singaporean trades the following Trading Platforms:
➡️MetaTrader 4
➡️CMTrading Web
➡️CopyKat Trading
MetaTrader 4
MetaTrader 4 holds a significant position in CMTrading’s range of platforms. Traders in Singapore find it especially appealing due to its customizable charts, user-friendly interface, and range of timeframes that can be selected.
With CMTrading MT4, Singaporeans can explore market analysis with over 50 technical indicators and advanced graphical tools.
MT4 also supports automated trading using its popular Expert Advisors (EAs), letting Singaporeans execute their strategies automatically across markets and account types.
CMTrading Web
CMTrading Web is a user-friendly platform designed for easy and convenient access. This web-based platform is an ideal choice for Singapore traders who appreciate its convenience and freedom.
The platform offers a user experience comparable to desktop applications, attributable to the intuitive design and advanced charting tools.
Furthermore real-time quotes are also available to enhance the overall experience for Singaporeans regardless of their trading style or experience.
Integrated directly with traders’ accounts, CMTrading Web offers a smooth trade management experience and provides access to real-time data and analysis tools.
Therefore, Singaporeans can have a seamless trading experience with CMTrading, especially with comprehensive educational resources and robust security measures.
CopyKat Trading
CopyKat Trading at CMTrading brings social trading to Singaporean traders, providing a platform for beginners to learn from experienced traders by mirroring their trades.
This greatly reduces the learning curve for beginners and creates a collaborative environment where traders can share knowledge and learn from the successful strategies of their peers.
Furthermore, CopyKat seamlessly aligns with CMTrading’s dedication to education, offering another opportunity for trader growth.
What are the benefits of using CMTrading Web for trading?
Yes, CMTrading Web is a user-friendly web-based platform that provides ease and accessibility for Singaporean traders. Its intuitive design, powerful charting tools, and real-time quotations allow smooth trading experiences.
Can Singaporean traders personalize their trading interfaces on CMTrading platforms?
Yes, Singaporean traders may modify their trading interfaces on platforms such as MetaTrader 4 (MT4) and CMTrading Web, allowing them to tailor their trading environments to their tastes and requirements.
Range of Markets
CMTrading offers the following trading instruments and products:
➡️Cryptocurrencies
➡️Forex
➡️Stocks
➡️Commodities
➡️Indices
Can Singaporean traders trade Forex using CMTrading?
Yes, Singaporean traders may trade forex with CMTrading, which offers over 50 currency pairs, including major, minor, and exotic pairings, with leverage options of up to 1:200 to maximize trading chances.
How does CMTrading ensure the liquidity of its trading instruments?
CMTrading maintains liquidity for its trading products by collaborating with respected liquidity providers and assuring access to deep and liquid marketplaces, resulting in dependable execution for Singaporean traders.
CMTrading vs FXCM vs JustMarkets – Broker Comparison
| 🔍Broker | 🥇CMTrading | 🥈FXCM | 🥉JustMarkets |
| ⌛Regulation | FSA, FSCA | FCA, ASIC, CySEC, FSCA | CySEC, FSCA, FSA, FSC |
| 📊Trading Platform | MetaTrader 4 CMTrading Web CopyKat | Trading Station MetaTrader 4 NinjaTrader ZuluTrade Capitalise AI TradingView Pro QuantConnect MotiveWave AgenaTrader Sierra Chart SeerTrading NeuroShell Trader | MetaTrader 4 MetaTrader 5 JustMarkets App |
| 💵Withdrawal Fee | ✅ Yes | ✅ Yes, bank wire | None |
| 🗂️Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 136 SGD ($100) | 68 SGD ($50) | 14 SGD ($10) |
| ⬆️Leverage | 1:200 | 1:30 (FCA) 1:400 (Other Reg) | Up to 1:3000 |
| 📝Spread | From 0.9 pips | From 0.2 pips EUR/USD | From 0.0 pips |
| 💶Commissions | None; only the spread is charged | Only the spread is charged | $6 per lot traded |
| 🛑Margin Call/Stop-Out | From 20% | 100%/50% | 40%/20% |
| 🧑⚖️Order Execution | Market | Market | Market |
| ❌No-Deposit Bonus | None | None | ✅ Yes |
| 🪙Cent Accounts | None | None | ✅ Yes |
| 🗂️Account Types | Bronze Account Silver Account Gold Account Premium Account | Spread Betting CFD Trading Active Trader Professional Trader | MT4 Standard Cent Account MT4 Standard Account MT4 Pro Account MT4 Raw Spread Account MT5 Standard Account MT5 Pro Account MT5 Raw Spread Account |
| 🌟MAS Regulation | None | None | None |
| 💷SGD Deposits | None | None | ✅ Yes |
| ✴️SGD Account | None | None | None |
| 🕰️Customer Service Hours | 24/5 | 24/5 | 24/7 |
| ⚙️Retail Investor Accounts | 4 | 1 | 7 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | Unknown | 50 million per trade on Forex | 100 lots |
| 🕰️Minimum Withdrawal Time | Instant | Instant | 1 – 3 hours |
| ⏰Maximum Estimated Withdrawal Time | Up to 3 working days | Up to 2 working days | 6 banking days |
| ✔️Instant Deposits and Instant Withdrawals? | Yes, deposits and withdrawals | ✅ Yes | ✅ Yes, deposits |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in Singapore
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads and Commissions
Spreads
CMTrading provides a spread structure that caters to different trading styles, with variable spreads starting from as low as 0.9 pips on major forex pairs like EUR/USD and variable spreads on USD/SGD according to market conditions.
Their competitive pricing is beneficial for traders in Singapore who are highly engaged in dynamic markets and prioritize narrow spreads, especially day traders, scalpers, and algorithmic traders who rely on razor-thin spreads.
Furthermore, Singaporeans can take advantage of various spread options that will allow them to maximize market liquidity and secure more favorable pricing with CMTrading.
Commissions
CMTrading stands out by offering commission-free trading on most financial instruments when it comes to commissions. Instead, they add a markup on spreads to earn income for facilitating the trade.
This unique method streamlines the expense framework for traders in Singapore, enabling them to concentrate on spread costs without the added concern of extra charges per trade.
Overall, their commission-free model is a testament to their dedication to providing a trading environment that is both transparent and cost-effective to Singaporeans.
Overnight Fees
Understanding overnight fees is crucial, especially for Singaporeans who employ long-term trading strategies that last days, weeks, months, and even years.
They determine swap fees by considering the position size and the traded instrument. Furthermore, they also considers the direction of the trade, whether long (buy) or short (sell), to debit or credit Singaporean trading accounts.
By effectively managing overnight fees, Singaporeans can ensure cost-efficient trading, especially when dealing with leveraged positions.
Furthermore, they provides traders with detailed information about these swap charges on the trading platforms.
Deposit and Withdrawal Fees
CMTrading offers Singaporeans flexible deposit and withdrawal methods that do not incur any internal fees.
This unique approach allows Singaporeans to save on non-trading fees, especially when they make frequent deposits and withdrawals according to their strategies.
Furthermore, while they do not charge these fees, Singaporeans must know that third-party payment providers like e-wallets and payment gateways, credit/debit card companies, and banks might still impose processing and transaction fees.
Inactivity Fees
When Singaporeans, especially those with long-term trading strategies, leave their trading account dormant, CMTrading will impose an inactivity fee. Once an account has been left unattended for 60 days, an inactivity fee of $15 will apply monthly.
Once the account balance reaches zero, the account will be closed automatically. Therefore, Singaporeans must ensure that they frequently monitor their account status to avoid these fees.
Currency Conversion Fees
Traders could pay currency conversion fees when they deposit or withdraw funds in a currency different from their account’s base currency.
CMTrading provides account base currencies, including USD, EUR, GBP, and ZAR. Awareness of these conversion fees is crucial for Singaporean traders who transact in SGD or other currencies, as it helps manage costs effectively.
Overall, their policy considers expenses linked to currency conversion procedures commonly found in global financial platforms.
They are transparent about its non-trading fees, and Singaporeans must consult the Client Agreement before signing up for an account and depositing funds with the broker.
What are the average spreads charged by CMTrading to Singapore traders?
They charge competitive spreads beginning at 0.9 pips on key forex pairs such as EUR/USD, catering to Singaporean traders looking for low-cost trading conditions.
What is CMTrading’s policy on inactivity fees for Singapore traders?
CMTrading charges a $15 monthly inactivity fee after 60 days of account inactivity, reminding Singaporean traders to keep their accounts active or terminate dormant accounts to avoid fines.
Deposit & Withdrawal Options
| 💳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) |
Deposits
Bank Wire
✅Log in to your account.
✅Navigate to the “Deposit” section of your account page.
✅Choose “Bank Wire” as your deposit method.
✅Obtain the financial information offered for your country.
✅Make a bank wire transfer using the information from your bank account.
✅If necessary, send proof of the wire transfer to CMTrading.
Credit or Debit Card
✅Login to your account.
✅Navigate to the “Deposits” area.
✅Select “Credit or Debit Card” from the payment options.
✅Provide card information and deposit amount.
✅You might be asked to produce copies of the card for verification, with sensitive information concealed.
✅Submit the deposit request.
Cryptocurrency
✅Access your account by logging in from the website.
✅Select “Deposit,” followed by selecting the preferred cryptocurrency.
✅You will be given an address to send your cryptocurrency to.
✅Make the transfer from your cryptocurrency wallet to the specified address.
e-Wallets or Payment Gateways
✅Log in to your dashboard.
✅Click “Deposit” and select your preferred e-wallet or payment service.
✅You will be directed to the login page for the e-wallet or payment gateway.
✅Enter the amount you want to deposit.
✅Confirm payment information and authorize the transfer.
Withdrawals
Bank Wire
✅Sign in to your account.
✅Navigate to the “Withdrawal” section of your account.
✅Choose “Bank Wire Transfer” as your withdrawal option.
✅Complete the relevant banking information and check the accuracy of the details entered so that funds are sent to the correct bank account.
✅Submit the withdrawal request.
Credit or Debit Cards
✅Log into your account.
✅Go to the withdrawal section in your account area.
✅Select the credit/debit card option for withdrawal.
✅Enter the withdrawal amount and relevant card details.
✅Confirm and submit the withdrawal request. Singaporeans should note that funds are typically automatically sent to the card for previous deposits.
Cryptocurrency
✅Log into your account on their website.
✅Locate and click on the “Withdrawal” option in your account dashboard.
✅Choose “Cryptocurrency” from the available withdrawal methods.
✅Enter the public address of your cryptocurrency wallet.
✅Specify the amount to withdraw, ensuring it meets the minimum required limit.
✅Review all details and submit your withdrawal request.
e-Wallets or Payment Gateways
✅Access your account.
✅In the account section, choose ‘Withdraw.’
✅Select your e-wallet or a specific payment gateway from the options provided.
✅Enter the amount you wish to withdraw and any required details.
✅Submit your withdrawal request.
Can Singaporean traders use cryptocurrency to deposit funds into their CMTrading accounts?
Yes, they allow Singaporean traders to deposit funds using cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), providing rapid processing and greater flexibility when filling their accounts.
Are there any restrictions on how much funds Singaporean traders may deposit or withdraw from CMTrading?
Yes, they apply minimum and maximum deposit and withdrawal limitations for Singaporean traders, based on the payment method and account type, to ensure regulatory compliance and promote responsible trading.
Leverage and Margin
CMTrading provides Singaporean traders the option to enhance their trading capabilities using leverage. With this broker, traders can control positions up to 200 times the value of their account balance, thanks to leverage ratios of up to 1:200 for forex trading.
This allows Singaporeans to potentially increase their profits from price fluctuations across several financial markets.
Margin is strongly linked to leverage with CMTrading and represents the funds required to start and keep leveraged positions. They offer low margin requirements, sometimes as low as 2% of the position’s value for certain instruments.
For example, a $100,000 position typically only requires $2,000 in margin. Therefore, Singaporeans can benefit from the low margin to engage in significant trades using a relatively small investment.
However, while these tools are extremely valuable and helpful to Singaporeans, they must be cautious when using them and should implement risk management strategies to protect against potential losses.
To help Singaporeans, the broker provides traders tools such as stop-loss and take-profit orders, among others, to manage their risk exposure while focussing on profits.
Furthermore, these risk management tools are important when Singaporeans participate in highly volatile markets susceptible to drastic and quick price fluctuations.
In addition, Singaporeans must familiarize themselves with all details and aspects of margin and leverage, especially the possibility of adverse market movements that could lead to a margin call, which means that traders must deposit more funds to keep their positions open.
Can Singaporean traders change the leverage settings on their CMTrading accounts?
Yes, Singaporean traders may alter leverage levels according to their risk tolerance and trading preferences, allowing them to control their exposure better and manage their trading positions.
How does CMTrading ensure Singaporean traders’ responsible use of leverage?
CMTrading encourages Singaporean traders to utilize leverage responsibly by offering educational materials, transparent risk disclosures, and risk management tools, building an informed and disciplined trading culture.
Educational Resources
CMTrading offers the following educational resources:
✅Training Videos – These videos provide valuable insights into market assets, trading techniques, and a wide range of strategies, helping Singaporeans progress from novice to expert using visual resources.
✅Live Seminars – CMTrading offers live seminars in select locations, providing a hands-on learning environment for aspiring traders. These are not bound by region, allowing Singaporeans access from the website or other online platforms.
✅Webinars – Online webinars provide traders with expert guidance to help align their trading goals with the breadth of the financial markets.
✅How-To Videos – Step-by-step videos are available to guide Singaporeans through several tasks, including opening a trading account, using the trading platform, making withdrawals, etc.
✅eBooks – CMTrading’s eBooks offer comprehensive resources for Singaporeans of all levels, allowing for independent learning that is not rushed or pressured. Furthermore, Singaporeans can always refer to the eBook should they need a refresher.
Are CMTrading’s instructional resources available in many languages to Singaporean traders?
Yes, they offers instructional tools in various languages, including English, Spanish, and Arabic, providing accessibility and inclusion for Singaporean traders with varied linguistic origins.
How can Singaporean traders get the most of CMTrading’s instructional resources?
Singaporean traders may make the most of CMTrading’s instructional offerings by actively participating with the information, attending live events, testing new methods on sample accounts, and getting customized guidance when necessary.
Bonuses and Promotions
CMTrading presents an enticing possibility in Singapore, where financial markets and networking play a big part in professional life. Furthermore, when Singaporeans bring friends and colleagues to this broker, they (and their referrals) can get a $200 incentive.
This bonus is especially appealing in Singapore’s competitive environment, and it’s easy to get started: just send your friend, colleague, or family member your referral link, make sure they sign up, and deposit at least $250 into their account, and you get the bonus.
In our experience, this program emphasizes investigating trade prospects in international marketplaces and growing one’s financial network.
Furthermore, it is an invaluable instrument for enhancing Singaporeans’ financial literacy and reaping the rewards of their social network.
Does CMTrading give referral bonuses to traders in Singapore?
Yes. They offers referral incentives to Singaporean traders who successfully promote new clients to the platform, compensating both the referrer and the referred trader with bonus credits.
Is there any limit on withdrawing bonus funds from CMTrading in Singapore?
Yes. The profits made using bonuses in Singapore are subject to withdrawal limitations, which include achieving particular trading volume or timeframe conditions before the bonus amount can be withdrawn.
Affiliate Programs
Features
Technology and finance combine in Singapore, which makes it a great place for the affiliate program. According to our findings, this program is unique for those with established networks and finance knowledge.
✅Efficiency and Transparency: Singapore places a high importance on both. The program’s transparent commission structures and real-time referral monitoring fully meet these objectives.
✅Tech-Savvy Clientele: People in Singapore are used to modern technologies. With access to market-leading platforms like MT4 and WebTrader, the program gives you the leverage to draw them in—a vital edge in this technologically advanced business.
✅Remote Management and Committed Support: Singapore’s fast-paced work environment necessitates adaptability. With the program, you can oversee your network from a distance and receive individualized support from specialized account managers, guaranteeing the best possible customer connections.
✅Education is Crucial: The traders in Singapore are renowned for their insatiable curiosity. With the application’s tools, you can educate potential customers by providing insightful information about trading tactics and market dynamics.
✅Developing Trust and Security: Robust security is a top priority for Singaporean traders. Features like SSL encryption and segregated accounts, which satisfy the high standards needed in this sector, demonstrate the program’s dedication to your success.
How to Register an Affiliate Account Step-by-Step
CMTrading offers Singaporeans an easy way to sign up for an affiliate account by following 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).
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.”
Step 3: Fill in the Online Application Form
Please ensure that you provide precise contact information in the designated fields.
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.
Does CMTrading have an affiliate program for traders in Singapore?
Yes. They have an affiliate program for traders in Singapore, which allows them to earn money by referring new clients to the platform and marketing its services to their network.
Can Singapore traders watch their affiliate performance and revenue in real-time using CMTrading?
Yes, traders in Singapore can analyze their affiliate success and earnings in real-time using the affiliate site, which offers complete data, analytics, and insights to help them monitor their progress and refine their strategies.
Customer Support
| 🫴🏻Customer Support | 👥CMTrading Customer Support |
| 🕰️Operating Hours | 24/5 |
| 👍Support Languages | English, Arabic |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The overall quality of CMTrading 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 |
What are the CMTrading customer service hours for Singaporean traders?
CMTrading’s customer support is accessible Monday through Friday, 08:00 to 21:00.
Can Singaporean traders receive assistance from CMTrading via social media?
Yes. However, while CMTrading is active on social media, for direct help, traders should contact them using the channels on their website.
Social Responsibility
According to what’s available on the CMTrading website, we could not find any Singaporean CSR projects. However, their CSR initiatives focus on community engagement and assistance, especially in South Africa.
As part of their corporate social responsibility efforts, “CMTrading Gives Back to the Community” is a key program.
We found that the activities in this program strive to improve the lives of those dealing with hardship and foster long-term community progress.
Furthermore, local community development projects, healthcare advancements, and educational support are all part of the efforts. Therefore, this strategy aligns with CMTrading’s overall CSR goals of positively impacting society and highlights the company’s dedication to community welfare.
User Comments and Reviews
CMTrading’s most recent user comments and reviews include some of the following, which we found on various reputable review websites:
🥇“CMTrading is simple to use. Even intermediate users like myself can use their platform’s complicated features. Market information and technical analysis help you trade smartly. Their prompt and knowledgeable customer service is unmatched.”
🥈“Customer service and training are well-run at CMTrading. They work hard to educate and prepare their traders to trade. The training and webinars will teach you a lot. They prioritize client education; all traders need it.”
🥉“It’s amazing how fast CMTrading’s trades are executed. From withdrawal to trade, everything goes well. This reliability helps traders capture chances. Due to its modifications and enhancements, it’s a forward-thinking solution.”
In Conclusion
According to our findings, CMTrading offers a strong choice for Singaporean traders looking for a flexible and reputable Forex and CFD broker
However, our research shows potential drawbacks, such as the absence of an SGD-denominated account, which could lead to currency conversion fees, and the inactivity fees after 60 days, which can impact less active traders or those with long-term strategies.
However, despite these drawbacks, we can safely conclude that CMTrading maintains adherence to regulatory standards, providing a secure trading environment that inspires confidence among Singaporean traders.
Our Insight
In my opinion, CMTrading is a good option for Indonesian traders. Because of competitive spreads, flexible deposit and withdrawal options, and a strong commitment to customer satisfaction, CMTrading is an ideal choice for Singaporean beginners, experienced, and even professional traders..
Our Recommendations
Based on our findings, we can make the following recommendations on how CMTrading can improve its offer to Singaporeans:
✅Cater to the tech-savvy Singaporean market by incorporating more powerful trading tools and analytics into the platform to attract sophisticated traders.
✅Create high-quality instructional content tailored to Singapore’s varied and well-educated population, emphasizing sophisticated trading tactics and risk management.
✅Establish a strong local presence by attending and sponsoring financial events, expos, and seminars to position CMTrading as a thought leader in the Singapore forex community.
Pros & Cons
| ✅ Pros | ❌ Cons |
| CMTrading offers account tiers tailored to varying levels of trader expertise | CMTrading does not offer an SGD-denominated account, exposing traders to currency conversion fees |
| Singaporeans can expect safe, fee-free deposits and withdrawals with CMTrading | Singaporean (MAS) regulation is not available |
| CMTrading has a fair, dynamic, and transparent trading environment | CMTrading charges inactivity fees |
| CMTrading has strict regulations that ensure oversight and client protection | The spreads are marked up and wider than similar spreads from other commission-free brokers |
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Frequently Asked Questions
How long does CMTrading’s withdrawal take?
Withdrawals from CMTrading normally take 1 to 3 business days, depending on the withdrawal method and the client’s bank processing times.
What is CMTrading’s minimum deposit?
The minimum deposit at CMTrading varies according to the account level, with the Bronze Account requiring a minimum of 135 SGD ($100) to get started.
What can I trade with CMTrading?
Singaporean traders can use CMTrading to trade various products, including forex, commodities, indices, equities, and cryptocurrencies. This gives them plenty of possibilities to diversify their portfolios and discover new markets.
Can I use CMTrading's platform with a VPN configured to Singapore?
No, CMTrading may impose limits on VPN use. However, specific settings might be available to local traders.
Where is CMTrading based?
CMTrading is based in Seychelles and has offices in South Africa.
How does CMTrading's educational material target the Singaporean trading market?
CMTrading might give localized examples or analysis for assets that Southeast Asia.
Is CMTrading's price structure competitive in comparison to other renowned Singapore brokers?
Yes, compared to other brokers, especially commission-free brokers, CMTrading has competitive trading conditions.
Is CMTrading a safe broker?
Yes, even though CMTrading does not hold any regulations in Singapore, the broker is safe since it maintains regulatory licenses from respectable institutions such as the Financial Services Authority (FSA) and the Financial Sector Conduct Authority (FSCA).
Does CMTrading take part in any Singaporean financial expos or events?
No, there is no information regarding Singaporean financial expos or events. However, CMTrading might expand its offering to include Asian regions. Traders can check Singapore’s financial event schedules to discover whether CMTrading has already participated or has any planned appearances.
