Overall CMG is a trustworthy and reliable broker that provides traders with ample digital tools. CMG supports the use of the MetaTrader 4 platform through which trades can be executed. CMG has a Maximum Leverage of 1:500.
CMG at a Glance
| 🔎 Broker's Name | CMG |
| 📍 Headquartered | St. Vincent and the Grenadines, Kingstown. |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | ASIC |
| 🌐 Countries not accepted for trade | The United States |
| ☪️ Islamic account (swap-free) | Cannot be ascertained from website |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $250 / R 4 101,88 |
| 💳 Deposit Options | Bank Wire Transfer, Credit Card, Neteller, Skrill (Moneybookers), Konnectivity, China UnionPay, and B2B Transfer. |
| 💳 Withdrawal Options | Bank Wire Transfer, Credit Card, Neteller, Skrill (Moneybookers), Konnectivity, China UnionPay, and B2B Transfer. |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Yes, Mobile and Desktop |
| 📈 Tradable assets offered | Over 80 currency pairs, CFDs, precious metals, commodities, and oils |
| 👨💼 Languages supported on Website | English and Chinese |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 250
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
80+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMG Review – 21 key points quick overview:
CMG Overview
According to research in South Africa, CMG is a global Forex and CFD broker which is registered with the Financial Services Authority and is headquartered in St. Vincent and the Grenadines.
CMG stands for Capital Markets Group. The company was established in 2015 and has since been working relentlessly to provide its clients with competitive pricing, faster order execution, and reliable trading infrastructure.
CMG claims to continuously update its services to stay ahead of its competitors and CMG claims to be the best in the industry.
CMG Safety and Security
One of the best benchmarks to measure the safety of a broker like CMG is to establish which regulating authorities are watchdogs over its actions.
CMG is regulated by the Australian Securities and Investments Commission (ASIC).
CMG Leverage
Leverage is a facility that enables you to get much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit but also increases your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades; otherwise, your trading account will be fully hedged.
CMG offers a maximum leverage ratio of 1:500.
CMG Accounts
A forex account at CMG is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates. It also depends on the regulatory authorities under whose jurisdiction it is regulated.
When you sign up with CMG, you are automatically signed up for a MetaTrader4 account which is the only account option offered.
The standard account has a maximum leverage of up to 1:500, varied spreads from 0.2 pips, and a minimum deposit requirement of 250 USD. Micro lots are available with this account although it depends on the financial instrument that you are trading.
Min Deposit
USD 250
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
80+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMG Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, is actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals:
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy:
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
CMG offers the following from the above:
Over 80 currency pairs
Precious metals
Commodities
Oils
CMG Fees
Cost depends on different factors such as spread and margins. CMG clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
CMG claims that their varied spreads begin at 0.2 pips. However, the average spread is closer to 2.3 pips which is well above their competitors’ rates.
There are commission fees charged depending on which account you have. Although, there is only one account type available and you will be able to upgrade to a wholesale client if you have achieved a balance of 500,000 USD.
There are speculations that wholesale clients are not subjected to commission fees but unfortunately, retail clients are subjected to both commissions as well as roll-over fees when and where commodities are traded.
Min Deposit
USD 250
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
80+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMG Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done through the same payment methods, but this differs from one broker to the next.
CMG requires a minimum deposit of 250 USD and supports the following payment methods:
Bank Wire Transfer
Neteller
Skrill (Moneybookers)
Connectivity
China UnionPay
B2B Transfer
CMG Trading Platforms
The forex trading platform provided by CMG to its clients is the software to carry out their trades. Some brokers provide only one trading platform while others support an array.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
CMG supports the use of the MetaTrader 4 platform through which trades can be executed.
How to open a CMG Demo account step by step
Opening a demo account with CMG is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the CMG website, Click on “Open a Demo Account” in the bottom right-hand corner of the website
Step 2 – Fill out the form
To register a forex trading account with CMG for the first time, you will be required to go through a basic “know your customer” process.
This will allow CMG to ascertain your submitted details and ensure the safety of your funds and account details.
The CMG process entails that prospective traders log into their website and fill in some basic information. You will subsequently be asked to provide proof of your bank account, residence, and a copy of your legal ID.
You may also be required to answer a few questions regarding your level of trading experience. Once this is completed you wait for your account approval, make your minimum deposit requirement, and start trading.
Min Deposit
USD 250
Regulators
ASIC
Trading Platform
MT4
Crypto
No
Total Pairs
80+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMG Customer Support
Potential traders need to make sure the broker company they choose will offer adequate support whenever they need it.
CMG customers can reach the support team via email, telephone, or live chat option on their web page.
CMG Education
Before starting to trade, potential clients of CMG should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
CMG does offer any educational material on its website.
CMG Research
To be able to trade with confidence, traders should do thorough research regarding this kind of speculative trading before registering an account. This includes investigating every deal to ensure that they do not lose money unnecessarily and trade as profitable.
With CMG traders have access to MetaTrader 4’s extensive list of helpful research tools such as built-in technical indicators, an advanced charting package, a wide range of Expert Advisers (EAs), and an extensive back-testing environment.
CMG Awards
Although CMG is praised by customers, there is no indication of awards won on its homepage.
CMG vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇CMG | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $250 / R 4 101,88 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
CMG Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “CMG” is entered into Google’s search engine over a given period of time.
CMG Customer Reviews
client support and the Client Portal
I liked how responsive the client support was and how helpful it was, but my complaint is that the website (the Portal) needs to be improved.
CMG is extremely professional and it…
CMG is extremely professional and it is my intention to keep on using them as a broker.
CMG Pro and Cons
| ✔️ Pros | ❌ Cons |
| 1. High leverage | 1. Wide spreads |
| 2. Adequate regulation | 2. No info on commissions that may be charged |
| 3. Wide variety of trading instruments | 3. No educational material |
Conclusion
Overall, CMG is a trustworthy and reliable broker that provides traders with great digital tools. CMG supports the use of the MetaTrader 4 platform through which trades can be executed.CMG has a Maximum Leverage of 1:500.
Disclaimer
CMG warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors.
Before deciding to trade with CMG, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
CMG warns that margin trading involves the potential for profit as well as the risk of loss.
Such movements in the price of foreign exchange and commodities are very unpredictable, hence CMG cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
CMG Risk Management
CMG stands for Chipotle Mexican Grill, a chain of fast-casual restaurants in the United States, United Kingdom, Canada, Germany, and France. Risk management for a restaurant chain like Chipotle would involve identifying, assessing, and mitigating potential risks to the company’s operations, finances, and reputation. These risks may include food safety incidents, supply chain disruptions, natural disasters, and changes in consumer preferences.
Chipotle’s Risk Management can include implementing strict food safety protocols, maintaining diversified and reliable supply chains, having disaster recovery plans in place, and regularly monitoring and adapting to changes in consumer preferences. Additionally, they may also use financial instruments such as derivatives to hedge against risks such as commodity price fluctuations.
Frequently Asked Questions
How many instruments can I trade with CMG?
You can trade several different instruments with CMG, which include the following:
- Over 80 currency pairs
- CFDs
- Precious metals
- Commodities
- Oils
Which platforms are supported by CMG?
CMG provides the following popular trading platforms:
- MetaTrader4
Does CMG offer leverage?
Yes, CMG offers maximum leverage of 1:500.
Does CMG charge a commission?
Yes. More information on commissions can be obtained from the customer support service.
What is the overall rating out of 10 for CMG?
7/10.
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