CMTrading Good or Bad? Any Experience?

Broker Discussion Forex Brokers
1

My experience with CMTrading is quite good. When I joined them I requested for some negotiations which they happily approved. I had a couple of hiccups when I was trying to connect my mt4 with myfxbook but the support team responded and helped me connecting with them. They also have a very quick and efficient payment options. No slippage till now. my first profits went very smooth, and it’s bad that they only have bank withdrawals, however, I got the money with no difficulties

does anyone have trading experience with this broker? or any complaints ?

update: Sorry, they have added Neteller and CashU as Payment process

2

It’s confusing when you say they have only bank withdrawal. Withdrawal is only after we deposit with that right? So you mean they have only bank deposit option? I think they mean huge deposit to start, so that’s already taking me far from even thinking of trying this.

3

Yes, that sounds oddly. If CMTrading has only one option to deposit and not the most convenient one, I even don’t want to try this broker.

4

Yeah actually this basically limits the clients, as majority on net prefer payment processor, if you take that out than it’s like working with very limited people.

5

A lot, if not all, brokers will only make payments in the same format as you make your deposit. I believe its a legal requirement to cut down on money laundering, so rules may vary from country to country.
Would be good if a broker could confirm if this is correct.

6

a good broker must be regulated and offer several payment options. the withdrawal by bank transfer in my country take more than seven days.

7

update: Sorry, they have added Neteller and CashU as Payment process. But yes, when I joined them they only have bank transaction and the minimum deposit is $250, which is pretty high. but as they let me withdraw smoothly, deposit amount isn’t a matter I guess

12

I was very pleased when began to trade with this broker. They don’t take fees for depositing and withdrawing money. It is really good. I’ve not seen this with others. And I appreciated their spreads and honest trading with clients. So I can recommend this CMTrading broker for anybody for trading.

13

I have traded with my brokers (CMTrading IS THE WORST, BIG SCAMMER, you better help your I have traded with my brokers (CMTrading IS THE WORST, BIG SCAMMER, you better help your emotions by running away from them by infininte distance)

I opened an account with CMTrading after they seemed to be nice. I was influenced by their advertisement of no fee charged on deposit and withdrawal. On opening the account, I made a profit of $4 dollars within few days and no longer comfortable with trading during the week. I requested for my money and profit of $4.

On waiting for days for my refund to roll in, I found out I was charged $39 and was denied of my profit. What? I immediately contacted them and was told that when I made a deposit, they paid for the fee and now that I am making a withdrawal, I have to pay the fee. I called many times but all to no avail and even contacted them on facebook but the blocked me from further posting on their facebook page.

Kindly note I did not receive any form of bonus which may warrant any kind of strict regulation on the withdrawal of my money.