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CMTrading Review
CMTrading Review is an international broker expanding across several African countries including Ghana. Ghanaian traders can expect multilingual customer support and a range of trading tools. CMTrading is a trusted broker with a high trust score.
- Lesche Duvenage
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 Withdrawals
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
FSA, FSCA
Trading Desk
MT4, PandaTS, Webtrade
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
CMTrading is an African financial broker that caters to the diverse needs of traders by offering a platform that aligns with their financial goals and local market dynamics.
Furthermore, CMTrading offers robust platforms like MetaTrader 4 and CopyKat, which are well-received by Ghana’s tech-savvy population.
CMTrading’s commitment to innovation is evident through its adoption of advanced trading tools. The broker offers a multi-tiered account system, including Bronze, Silver, Gold, and Premium, to support progression from beginner to expert levels.
The Bronze account, with a minimum deposit of 1,300 GHS, is accessible to many individuals.
CMTrading also adheres to regulatory bodies like the Financial Services Authority and the Financial Sector Conduct Authority, demonstrating its commitment to ethical trading practices and financial integrity.
The broker also provides educational resources, including webinars and eBooks, to enhance Ghanaian traders’ knowledge. With over 150 instruments, CMTrading supports traders’ growth through education, innovation, and integrity, making it a progressive financial brokerage.
What distinguishes CMTrading from other brokers?
CMTrading stands out for its emphasis on multilingual customer support, rich instructional materials, and unique trading tools designed for traders with different trading skills.
Is CM Trading regulated?
Yes, CMTrading is regulated by recognized institutions like the Financial Services Authority (FSA) and the Financial Sector Conduct Authority (FSCA), ensuring industry compliance and customer protection.
CMTrading at a Glance
| 📊 Year Founded | 2012 |
| ⚖️ Regulation | 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 |
| 📊 Starting spread | From 0.9 pips |
| 📊 Leverage | 1:200 |
| ✔️ Currency Pairs | C50; Minor, Major, Exotic |
| 💳 Minimum Deposit (GHS) | 1,300 GHS ($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 |
| 💻 Tradable Assets | Trading Instruments Forex, Commodities, Indices, Stocks, Crypto CFDs |
| 👉 Open Account | 👉Open Account |
Regulation and Safety of Funds
Regulation in Ghana
CMTrading is not regulated by the Bank of Ghana (BoG). However, CMTrading’s global regulations are listed in the table below.
Global Regulations
| 📱Registered Entity | 🌎Country of Registration | ✔️Registration Number | 🔎Regulatory Entity | 📊Tier | 💳License Number/Ref |
| GCMT Limited T/a CMTrading | Seychelles | 8425982-1 | FSA | 3 | SD070 |
| Blackstone Marketing SA (PTY) LTD | South Africa | 8425982-1 | FSCA | 2 | FSP 38782 |
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 |
Do Ghanaian traders have access to any compensation programs through CMTrading?
No. Currently, CMTrading is not part of any compensation fund.
How does CMTrading guarantee the openness of its Ghanaian financial operations?
According to our findings, CMTrading prioritizes transparency by clearly displaying information regarding their regulatory standing and the segregation of client funds on their website.
Awards and Recognition
During our comprehensive investigation of the CMTrading website, we have observed the following noteworthy accolades:
- Global Business Review Magazine bestowed the “Best Partner Program” designation on CMTrading in the GCC.
- CMTrading was also recognized as the “Fasted Growing Financial Broker” within the Gulf Cooperation Council (GCC).
- In 2024, CMTrading was named the “Most Innovative Trading App in Africa” by Brand Review Magazine.
- CMTrading was granted the esteemed designation of “Best Financial Broker” in Nigeria for 2024 by Global Review Magazine.
- CMTrading was recognized as the “Most Trusted Forex Broker” in Africa in 2024.
- Also, in 2024, Global Business Review Magazine recognized it as the top financial broker in South Africa.
- In 2024, it was ultimately recognized as the Highest-Performing Financial Broker in Africa.
CMTrading Account Types
| 🔎 Live Account | 💳 Minimum Deposit | 👉 Open Account | 📉 Commissions | 📊 Leverage |
| Bronze Account | 1,300 GHS | 👉Open Account | None; only the spread is charged | 1:200 |
| Silver Account | 3,300 GHS | 👉Open Account | None; only the spread is charged | 1:200 |
| Gold Account | 66,100 GHS | 👉Open Account | None; only the spread is charged | 1:200 |
| Premium Account | 662,000 GHS | 👉Open Account | None; only the spread is charged | 1:200 |
Demo Account
The CMTrading Demo Account is a crucial educational tool for traders, allowing them to practice strategies in a simulated market environment.
Furthermore, the CMTrading demo can be replenished as needed, providing unlimited practice sessions without the risk of losing money. In addition, it also serves as a workshop for Ghanaian traders to familiarize themselves with trading platforms and different trading conditions.
Islamic Account
CMTrading Islamic Account is a platform for Ghanaian traders to adhere to Islamic finance principles, avoid interest implications, and adhere to ethical financial standards.
The CMTrading Islamic Account operates similarly to conventional accounts but excludes cryptocurrency and shares trading to maintain religious compliance, demonstrating CMTrading’s commitment to inclusivity.
Bronze Account
The CMTrading Bronze Account is a beginner-friendly financial trading platform in Ghana, offering a modest initial deposit of 1,300 GHS.
It provides educational materials like market reviews and webinar access, making trading less intimidating.
The account also sets a deposit limit of 3,300 GHS to encourage responsible trading. A demo account is included for beginners to practice without risking money. Overall, this account demonstrates CMTrading’s commitment to helping new traders in Ghana learn and grow in the financial markets.
Silver Account
The CMTrading Silver Account is a cost-effective solution for Ghanaian traders, offering narrower spreads and specialized services like expert trading signals and personalized market insights.
A minimum deposit of 3,300 GHS allows risk-free trades and personalized assistance, bridging the gap between beginner and advanced trading.
Gold Account
CMTrading’s Gold Account caters to experienced Ghanaian traders with a minimum deposit of 66,100 GHS, offering tighter spreads and cost-effective trading.
Ghanaians using the CMTrading Gold Account will receive a dedicated account manager and benefits like risk-free trades and cash-back rebates, recognizing the expertise of Ghana’s seasoned traders.
Premium Account
The CMTrading Premium Account is designed for Ghanaian traders seeking significant capital investment in financial markets.
Starting with a minimum deposit of 662,000 GHS, it offers competitive spreads, tailored trading conditions, and access to a specialized trading room for in-depth market analysis, exclusive promotional deals, and strategic consultations with trade experts.
Can I open a CMTrading demo account before committing to a live account?
Yes, CMTrading provides demo accounts to Ghanaian traders, allowing them to practice trading methods and become risk-free with the platform’s features before moving on to actual trading.
Can I swap account types on CMTrading?
Yes, Ghanaian traders can upgrade or downgrade their account types with CMTrading at any moment, allowing them to alter their trading circumstances depending on changing requirements and preferences.
How To Open a CMTrading Account step by step
To register an account with CMTrading, follow these steps:
Step 1: Start the Registration Process
To begin the registration procedure, go to the “Open Account” area of the CMTrading website, typically in the top menu or the homepage.
Step 2: Complete Registration Form
The Applicant will now be greeted by a short registration which requires a selection of general information plus a unique password to be set.
Step 3: Demo Account
At this point of the registration, a Demo Account has been created.
Step 4: Add Live Account
To continue the process and add a CM Trading live trading account the applicant can click on the Demo drop-down menu and select Add Account.
Step 5: Create a Personal Profile
The Applicant will now create their profile and complete the live account registration process.
Can I open several accounts at CMTrading?
Yes, Ghanaian traders can open several accounts with CMTrading, allowing them to explore different trading techniques or account types at the same time.
Is there a fee for opening a CMTrading account?
No, creating a trading account with CMTrading is free for Ghanaian traders, with no initial fees or costs connected with account registration.
CMTrading Vs FXCM Vs Vantage Markets – Broker Comparison
| 🥇 CMTrading | 🥈 FXCM | 🥉 Vantage Markets | |
| ⚖️ Regulation | FSA, FSCA | FCA, ASIC, CySEC, FSCA | CIMA, VFSC, FSCA, ASIC |
| 📱 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 • ProTrader • Vantage App • Vantage Social trading • ZuluTrade • Myfxbook AutoTrade • DupliTrade |
| 💰 Withdrawal Fee | Yes | Yes, bank wire | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 1,300 GHS ($100) | 673 GHS ($50) | 673 GHS ($50) |
| 📊 Leverage | 1:200 | • 1:30 (FCA) • 1:400 (Others) | 1:500 |
| 📊 Spread | Variable, 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 | From $3 |
| ✴️ Margin Call/Stop-Out | From 20% | 100%/50% | 80%/50% |
| 💻 Order Execution | Market | Market | Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | • Bronze Account • Silver Account • Gold Account • Premium Account | Active Trader Professional Trader | PRO ECN |
| ⚖️ BoG Regulation | No | No | No |
| 💳 GHS Deposits | No | No | No |
| 📊 Ghana Cedi Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 1 | 3 |
| ☪️ 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 | Instant |
| 📊 Maximum Estimated Withdrawal Time | Up to 3 working days | Up to 2 working days | 3 – 5 working days |
| 💸 Instant Deposits and Instant Withdrawals? | Yes, deposits and withdrawals | Yes | Yes |
CMTrading Trading Platforms and Software
MetaTrader 4
CMTrading’s MetaTrader 4 is a powerful tool for Ghanaian investors, offering advanced charting and analysis tools to explore over 150 tradable assets.
With access to 50 currency pairs and leverage of up to 1:200, it complements CMTrading’s educational resources, allowing traders to apply their knowledge in real-time market analysis.
Furthermore, with a leverage ratio of up to 1:200, MetaTrader 4 becomes a strategic ally, enabling Ghanaian traders to make informed decisions and execute trades effectively.
CMTrading Web
CMTrading Web is a platform for Ghanaian traders to access financial markets easily and conveniently. It is compatible with various web browsers, eliminating the need for extra software.
The platform integrates with CMTrading’s innovative services, offering various account options and assets.
The user-friendly interface accommodates educational materials, allowing traders to apply knowledge in practical scenarios.
With real-time data and execution capabilities, it complements the broker’s competitive spreads and leverage options, making trading efficient and cost-effective for Ghanaian traders.
CopyKat Trading
CopyKat Trading is a social platform bridging the gap between inexperienced and seasoned traders in Ghana. It allows users to observe, learn, and apply successful strategies in real time, accelerating learning.
CopyKat integrates with CMTrading’s educational resources, offering structured learning materials and insights from observing peers. This feature complements CMTrading’s multilingual support, fostering an inclusive trading environment.
Ghanaian traders can use CMTrading’s diverse asset offerings and leverage options, translating observed strategies into action across various financial markets. This aligns with CMTrading’s commitment to providing an innovative and supportive trading environment.
What trading platforms are offered to Ghanaian traders with CMTrading?
CMTrading offers three trading platforms: MetaTrader 4 (MT4), CMTrading Web, and CopyKat, giving Ghanaian traders a range of alternatives to fit their tastes and trading styles.
Does CMTrading provide social trading services for Ghana traders?
Yes, CMTrading provides CopyKat trading, which allows Ghanaian traders to participate in social trading by duplicating the transactions of more experienced traders, enabling learning and collaboration within the trading community.
Trading Instruments & Products
CMTrading offers the following trading instruments and products:
- Forex – CMTrading provides Ghanaian traders access to over 50 currency pairs, offering a diverse range of investment strategies and leverage of up to 1:200, maximizing potential returns.
- Stocks – CMTrading offers traders over 109 stock CFDs, allowing them to speculate on company price movements. This strategy offers a broad investment horizon and leverage up to 1:10, balancing opportunity and caution.
- Indices – CMTrading provides Ghanaian investors access to 17 global indices, enabling them to trade on various stock markets or sectors, with leverage options up to 1:50.
- Commodities – Ghanaian traders can diversify their portfolio with CMTrading, offering 16 commodities, including valuable metals like gold and silver and energy resources like oil. With leverage of up to 1:50, they can manage risks effectively in the commodities market.
- Cryptocurrencies – CMTrading offers 21 cryptocurrencies for trading, catering to the growing demand in the digital currency market. Ghanaian traders can navigate the dynamic landscape with a 1:2 leverage.
Does CMTrading provide stock trading to Ghanaian traders?
Yes, CMTrading provides over 109 stock CFDs for Ghanaian traders to trade, encompassing a wide range of industries and enterprises, allowing them to profit from stock market moves.
What commodities are available for trading with CMTrading?
CMTrading allows Ghanaian traders to trade 16 commodities, including precious metals and energies, giving more diversity and trading options than traditional asset classes.
Spreads and Fees
Spreads
CMTrading is a flexible and transparent broker in Ghana that offers a flexible spread structure that caters to various trading styles. Its competitive spreads start at just 0.9 pips on major forex pairs, making it ideal for scalping strategies.
Furthermore, CMTrading’s focus on cost-efficiency, balancing competitiveness with user-friendliness, appeals to Ghanaian traders who want to maximize profits while keeping expenses low.
Commissions
CMTrading is a prominent platform in Ghana that offers commission-free trading on most financial instruments, simplifying the cost structure for traders who value transparency and straightforward calculations.
Furthermore, this unique commission-free model lets Ghanaians focus on spread costs, making predicting and managing trading expenses easier. Overall, this simplicity aligns with CMTrading’s educational approach, making it easier for new traders to learn the ropes.
Overnight Fees
CMTrading charges overnight or swap fees to Ghanaian traders holding open positions. These fees are calculated based on position size and trade direction.
CMTrading’s transparent policy allows traders to understand these fees, enabling them to make informed decisions about trade timing and position duration, especially for long-term traders.
Deposit and Withdrawal Fees
CMTrading offers Ghanaian traders a cost-effective transfer process for depositing and withdrawing funds, thanks to its trader-friendly fee approach.
The broker does not charge internal fees on deposits and withdrawals, making it appealing for traders who want to maximize their investments without additional charges. However, traders should know potential charges from external payment processors, banks, or e-wallet services.
Inactivity Fees
CMTrading charges $15 monthly for inactivity fees on accounts that have been dormant for 60 days or more, urging Ghanaians to stay active or withdraw funds if they no longer wish to trade.
This policy is particularly important for Ghanaian traders who prefer long-term investment and regular account management to avoid unnecessary charges.
Currency Conversion Fees
Ghanaian traders should be aware of currency conversion fees when using CMTrading, as the platform does not offer accounts denominated in GHS.
These fees will apply when depositing or withdrawing funds in other currencies, which can add up over time.
Furthermore, CMTrading’s transparent approach ensures clear communication of these fees, allowing Ghanaian traders to plan their finances efficiently, even when dealing with currency conversions.
Does CMTrading charge fees on transactions for Ghana traders?
No, CMTrading uses a commission-free methodology for most financial products, with spreads marked up instead, resulting in clear pricing structures for Ghana traders.
Are there any additional fees or expenses for trading with CMTrading?
No, CMTrading does not impose internal costs for deposits and withdrawals. However, Ghanaian traders should consider any potential third-party payment provider or currency conversion fees.
CMTrading Deposit & Withdrawal Options
We easily accessed CMTrading’s deposit and withdrawal information from the official website. We discuss the general steps for each payment method after the table to help traders find the right option to fund an account and retrieve their funds.
| 💳 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 withdrawalshours |
| 💰Cryptocurrency Payments | All | USD, EUR, GBP, ZAR | Instant |
| 💳 Skrill | All | USD | Instant (deposit and withdrawal) hours |
| 💰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
How to Deposit using Bank Wire Step by Step
✅Access your CMTrading account and go to the “Deposit” section.
✅Choose “Bank Wire” as your preferred deposit method.
✅Find the banking details provided by CMTrading for your specific country.
✅To initiate a bank wire transfer, you can use CMTrading’s banking details and provide them to your local bank.
✅Send proof of the wire transfer to CMTrading (if necessary).
How to Deposit using Credit or Debit Card Step by Step
✅Log into your CMTrading account and locate the “Deposits” section.
✅Select the “Credit or Debit Card” option from the available payment methods.
✅Provide your card information and the desired deposit amount.
✅You might be required to provide a copy of your card for verification purposes, making sure to hide any sensitive information.
✅Confirm and finalize the deposit request.
How to Deposit using Cryptocurrency Step by Step
✅Access your CMTrading account and navigate to the “Deposit” section to conveniently select your desired cryptocurrency for funding.
✅CMTrading will gladly provide you with the necessary information to send your cryptocurrency.
✅Proceed with the transfer from your cryptocurrency wallet to the provided address.
How to Deposit using e-Wallets or Payment Gateways Step by Step
✅Access your CMTrading account and navigate to the “Deposit” section to conveniently select your desired cryptocurrency for funding.
✅CMTrading will gladly provide you with the necessary information to send your cryptocurrency.
✅Proceed with the transfer from your cryptocurrency wallet to the provided address.
Withdrawals
How to Withdraw using Bank Wire Step by Step
✅Access your CMTrading account and navigate to the “Deposit” section to conveniently select your desired cryptocurrency for funding.
✅CMTrading will gladly provide you with the necessary information to send your cryptocurrency.
✅Proceed with the transfer from your cryptocurrency wallet to the provided address.
How to Withdraw using Credit or Debit Cards Step by Step
✅Access your CMTrading account and go to the withdrawal section.
✅Choose the option for withdrawing funds using your credit or debit card.
✅Provide the desired withdrawal amount according to your available funds and the required card information.
✅Confirm and submit your withdrawal request.
How to Withdraw using Cryptocurrency Step by Step
✅Access your CMTrading account and choose the “Withdrawal” option. From there, select “Cryptocurrency” as your preferred withdrawal method.
✅Provide the public address of your cryptocurrency wallet.
✅Enter the withdrawal amount, making sure it meets the minimum limit requirements.
✅Carefully review all the details before submitting your withdrawal request.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
✅To withdraw funds from your CMTrading account, simply access your account and navigate to the ‘Withdraw’ option in your account section.
✅Select your preferred e-wallet or payment service from the available withdrawal options.
✅Provide the amount you wish to withdraw and any necessary information for the e-wallet or payment gateway.
✅Review the information and proceed to submit your withdrawal request to CMTrading.
What payment methods does CMTrading offer for deposits and withdrawals from Ghana traders?
CMTrading supports various payment options, including bank transfers, credit/debit cards, e-wallets (such as Skrill and Neteller), and cryptocurrency payments, offering Ghanaian traders choice and convenience.
Are there any costs for depositing funds into a CMTrading account?
CMTrading does not charge any internal fees for deposits. However, Ghanaian traders should know that third-party payment providers can charge processing or transaction costs.
Leverage and Margin
CMTrading provides Ghanaian traders with leverage, allowing them to increase their trading power across various markets.
With leverage ratios up to 1:200 for forex trading, traders can magnify their capital by 200 times, resulting in substantial profits even from small price movements.
However, leverage can also increase the potential for losses. Hence, CMTrading emphasizes the importance of margin, which acts as a security deposit to ensure traders have a stake in their trades.
CMTrading keeps margin requirements low, sometimes as low as 2%, reducing the barrier to entering larger positions.
However, despite this low margin requirement, Ghanaian traders must carefully navigate the risks associated with leverage, using tools like stop-loss orders and take-profit points to protect against market volatility.
Therefore, understanding margin and leverage is crucial because margin calls require additional funds to maintain open positions during adverse market conditions.
To mitigate such occurrences and educate Ghanaian traders, CMTrading offers resources and tools for leveraging financial markets effectively. However, despite these resources, it ultimately falls on Ghanaian traders to drive their trading strategies with foresight and caution.
Are there different leverage levels accessible for various trading instruments on CMTrading?
Yes, CMTrading provides variable leverage levels for different trading products, such as lesser leverage for stocks and larger leverage for Forex pairs, giving Ghanaian traders more flexibility and risk management alternatives.
How does CMTrading determine the margin needs of Ghanaian traders?
CMTrading assesses margin needs based on the position size and leverage employed, ensuring that Ghanaian traders have enough funds to cover possible losses and margin calls.
10 Best Forex Brokers in Ghana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Educational Resources
How-To Videos
CMTrading’s How-To video series is designed to cater to Ghanaian traders’ needs by providing a step-by-step visual guide to online trading.
The series covers account setup and platform navigation, clarifying platform-specific features and essential trading procedures. By tailoring the visual guides to match the trading environment, CMTrading ensures that Ghanaian traders can apply their knowledge effectively.
eBooks
CMTrading’s eBooks are a valuable resource for Ghanaian traders, offering in-depth knowledge of trading concepts, strategies, and market analysis.
They cater to beginners and experienced traders, covering topics from Forex trading fundamentals to advanced analysis techniques. These self-paced learning resources are available anytime, making them a valuable self-paced learning resource for traders in Ghana.
Live Seminars
CMTrading provides Ghanaian traders with hands-on training through live seminars, allowing them to interact with trading experts.
These interactive sessions, particularly beneficial in regions with limited trading knowledge, foster a deeper understanding of trading concepts, making them a vital educational opportunity.
Webinars
CMTrading offers Ghanaian traders access to webinars, providing valuable insights and training on trading-related topics. These online seminars enable traders to connect with market experts, learn advanced strategies, and overcome geographical barriers to education.
Training Videos
CMTrading provides Ghanaian traders with visual and auditory training videos that present complex trading concepts in an easy-to-digest format. These videos cater to individual learning paces, making them particularly beneficial for Ghanaian traders who appreciate seeing concepts in action.
Can Ghanaian traders attend live seminars hosted by CMTrading?
Yes, CMTrading hosts live seminars in various locations, allowing Ghanaian traders to gain hands-on experience and meet with industry professionals and other traders.
Can Ghana traders use CMTrading’s educational resources via mobile devices?
Yes, Ghanaian traders can study at any time and from any location using the CMTrading mobile app or the mobile-friendly version of the website.
Bonuses and Promotions
In Ghana, CMTrading has customized a range of promotions and bonuses to accommodate the particular requirements of local traders.
An exceptional promotion we came across is the $200 Refer a Friend Bonus, which grants traders the opportunity to earn additional funds by referring new customers to the platform.
This benefit is especially appealing in Ghana, where community connections and word-of-mouth recommendations heavily influence business interactions.
Furthermore, we found that the procedure and eligibility prerequisites for this incentive are exhaustively detailed on the CMTrading website. We urge Ghanaians to familiarize themselves with this information before they opt for this bonus.
From what we could find, CMTrading has strategically designed its promotional campaigns in Ghana to capitalize on the growing popularity of forex trading, especially among the younger and technologically proficient demographic.
Furthermore, CMTrading’s bonuses are designed to offer concrete advantages, enhancing the experience of trading by providing supplementary funds that can be used to test out different trading strategies without exposing initial personal capital to risk.
What should Ghanaian traders know regarding the withdrawal of bonus fund-generated trading profits?
Once traders have completed the required trading volume specified in the bonus terms, profits from trading with bonus funds can be withdrawn.
Can I combine bonuses with CMTrading?
No. Bonuses can typically not be combined with other promotions.
How to Register an Affiliate Account with CMTrading Step-by-Step
Ghanaian traders can register an affiliate account with CMTrading by using these easy steps:
Step 1: Log In
Go to www.cmtrading.com and click on ‘Login‘.
Step 2: Log into your account
Use your registered email address and password to log into your account.
Step 3: “Invite a Friend”
Click on your name at the top right corner and select “Invite a Friend”
Step 4: “Copy Link”
Affiliate Programs
Features
From what we know about the economy in Ghana, it is expanding and going through rapid change, with more entrepreneurs emerging daily. Making CMTrading’s affiliate program ideal.
Furthermore, the program’s suitability for the Ghanaian market is characterized by a substantial interest in financial education and trading.
As a Business Referral partner, you can benefit from this rising interest by recommending CMTrading’s vast educational products to your clients, like webinars and personalized training sessions.
The versatility of the CMTrading affiliate network complements Ghana’s entrepreneurial culture. Partners can do business from anywhere, making reaching a larger audience countrywide easier.
Your Ghanaian clients can benefit from a trading experience that reaches or surpasses international standards owing to CMTrading’s usage of cutting-edge trading technology.
How does CMTrading provide resources and training to its affiliates in Ghana?
CMTrading offers a variety of marketing resources, webinars, and comprehensive training sessions to ensure that Ghanaians have the necessary skills and knowledge to promote the broker effectively.
Are affiliates from Ghana eligible to participate in CMTrading’s exclusive contests and campaigns?
Yes, Ghanaian affiliates can participate in exclusive contests when CMTrading provides them. Ghanaians should monitor the CMTrading website for more information on this.
Customer Support
| Customer Support | CMTrading Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | English, Arabic |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| 🎓 Customer Service | Yes |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Ghana? | 4/5 |
Can CMTrading assist Ghanaian traders in developing their trading abilities through educational support?
Yes. CMTrading provides Ghanaian traders with a variety of educational resources, namely webinars, one-on-one training, and daily market updates to assist them in expanding their trading expertise.
Can Ghanaian traders get technical support for trading platform-related issues?
Yes. Technical support for issues with the trading platform is easily accessible to Ghanaian traders via the customer support channels offered by CMTrading.
CMTrading Social Responsibility
CMTrading does not have any active CSR projects in Ghana. However, it has several initiatives in other countries.
According to our research, CMTrading emphasizes the company’s social responsibility by sponsoring juvenile athletics initiatives in South Africa.
The “Giving Back to the Community” segment provides an account of a coaching clinic that was recently organized in partnership with Sporting Chance.
The clinic provided local children with opportunities to improve their athletic capabilities, coaching, and access to apparatus. This endeavor is designed to foster a love of sports and promote healthy lifestyles among young people.
While further information is limited, CMTrading’s social responsibility initiatives could be strengthened by contemplating expanding this program or showcasing comparable efforts in other domains, including Ghana.
CMTrading Security Measures
CMTrading is a global financial company that prioritizes the safety of its traders in Ghana.
The Broker is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA) in Seychelles, demonstrating their commitment to maintaining trading security.
Despite not being regulated locally in Ghana, CMTrading’s adherence to international standards ensures that Ghanaians can expect a safe, fair, and transparent environment with the necessary measures.
CMTrading’s FSCA regulation guarantees the protection of traders’ money and information. The Seychelles FSA license adds another layer of security for traders in Ghana, providing peace of mind in the uncertain trading landscape.
Furthermore, CMTrading’s transparency about their licenses and education on identifying and avoiding scams in the forex market further demonstrate their commitment to the security and success of their Ghanaian customers.
How does CMTrading secure the safety of customer funds for Ghana traders?
CMTrading prioritizes client funds’ security by isolating them from business funds, offering protection against bankruptcy or financial disasters, and giving Ghanaian traders peace of mind.
What steps does CMTrading take to avoid fraudulent activity and schemes targeting Ghanaian traders?
CMTrading employs proactive steps such as identity verification, transaction monitoring, and fraud detection algorithms to avoid fraudulent actions and schemes targeting Ghanaian traders, improving overall platform security and trustworthiness.
CMTrading User Comments and Reviews
CMTrading is a popular broker with thousands of online reviews from existing customers. Here are a few that we found:
- “I must admit, CMTrading exceeded my expectations. Thanks to the smartphone app, I can trade easily on the go. I can track my positions and market changes using the user-friendly UI. Many updates and enhancements show they value user feedback.”
- “I’ve used CMTrading for over a year due to their reliability. The platform’s stability and range of trading assets provide me with the flexibility I need. Accurate market analysis helps them make smart choices. Definitely one of my finest brokers.”
- “I switched to CMTrading after bad experiences with other brokers and haven’t looked back. Excellent customer assistance made the transfer easy. Security and transparency are my favorite aspects of their business. My investments are safe, so I can relax.”
Pros & Cons
To put everything into perspective for Ghanaian traders, we list the benefits and drawbacks of trading with CMTrading in the table below, giving them an unbiased overview of CMTrading.
| ✔️ Pros | ❌ Cons |
| Ghanaian traders can expect comprehensive education that can guide them through the complexities of online trading | CMTrading is not locally regulated in Ghana |
| Ghanaians can expect access to feature-rich platforms across mobile, web, and desktop | Ghanaians can expect access to feature-rich platforms across mobile, web, and desktop Ghanaians cannot register a GHS-denominated account, exposing them to currency conversion fees |
| Ghanaians can expect competitive spreads without additional commission fees | CMTrading charges inactivity fees on dormant accounts, which can interfere with the profitability of long-term strategies |
| CMTrading is well-regulated in several regions | CMTrading relies heavily on third-party platforms and their features |
| There are flexible account types that Ghanaians can choose from according to their trading objectives | |
| AvaTrade offers a selection of trading platforms that can be used | |
| CMTrading offers multilingual customer support across several channels, including live chat | |
| Ghanaians can trade several dynamic financial markets with CMTrading | |
| Ghanaians can access social trading features through CopyKat |
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Conclusion
In our experience with this dynamic and reputable broker, CMTrading is a top choice for Ghanaian traders entering the forex and CFD markets. With various account types, from Bronze to Premium, traders can find a platform that suits their objectives and strategies.
Furthermore, commitment to education is evident through resources like eBooks, webinars, and instructional videos. CMTrading is regulated by respected bodies like the FSCA in South Africa and the FSA in the Seychelles, providing a sense of security and trust.
However, our research shows no local regulation in Ghana, raising concerns about potential costs related to currency conversion and inactivity fees.
Despite these, CMTrading offers innovative platforms like MetaTrader 4 and CopyKat Trading, competitive spreads, and commission-free trading.
Furthermore, these features make it an attractive choice for Ghanaian traders seeking access to global markets.
In addition, despite some drawbacks, we can conclude that CMTrading’s strengths can help traders navigate forex and CFD markets effectively, seizing opportunities for financial growth and market participation.
Our Insight
According to my findings, CMTrading can conveniently switch between various levels of skills because of the numerous financial instruments that are offered on this platform alongside its interactive trading platforms. For support, the broker has made it happen by providing user-friendly help all the time.
Frequently Asked Questions
Can Ghanaian traders use local payment methods to transact with CMTrading?
No, CMTrading does not accept payment methods other than those specified on its website, such as credit/debit cards, bank transfers, cryptocurrency, and e-wallets.
Is CMTrading a safe broker?
Yes, CMTrading is a safe broker for Ghanaians and traders in other countries. While CMTrading is not locally regulated in Ghana, the broker has regulations with FSA in Seychelles and FSCA in South Africa.
Does CMTrading provide a referral program for Ghanaian clients?
No, CMTrading does not provide a referral scheme exclusively for Ghanaians. However, CMTrading provides a global referral program to its clients.
Are Ghanaian traders charged currency conversion costs while trading with CMTrading?
Yes, they might be. GHS is not a base currency supported by CMTrading. Therefore, Ghanaian traders may face currency conversion costs when depositing or withdrawing funds since transactions are performed in USD, EUR, GBP, or ZAR.
What can I trade with CMTrading?
You can trade forex, equities, commodities, indices, and cryptocurrencies. This diverse group of tradable assets allows for successful engagement with various global marketplaces.
Are there instructional materials particularly designed for the Ghanaian market?
No, CMTrading provides general trading education. However, Ghanaians can consult other online sources to find localized educational materials.
How long does CMTrading’s withdrawal take?
Withdrawals at CMTrading normally take 1 to 3 business days to execute, depending on the withdrawal method used and the trader’s bank’s processing time. Ghanaian traders should know that overseas bank transfers might occasionally take longer than expected.
What is CMTrading’s minimum deposit?
CMTrading’s minimum deposit varies by account type, with the Bronze Account starting at 1,300 GHS ($100).
Are there any CMTrading withdrawal limits that are particular to Ghana?
Yes, there may be limits. Withdrawal options, processing timeframes, and potential costs vary according to the trader’s region.
Where is CMTrading based?
CMTrading is based in Seychelles and has a significant operating presence in South Africa. Furthermore, CMTrading offers its services to several other countries, including Ghana.
CMTrading User Comments and Reviews
CMTrading is a popular broker with thousands of online reviews from existing customers. Here are a few that we found: