Free CM trading demo account is available to novice traders at CM Trading. Demo accounts are perfect for novice traders who wish to practice without risking any money. CM Trading uses a risk-free forex trading environment.
According to regulations, an account verification step is typically required. This step should require a copy of a trader’s ID and one proof of residency document. As a trader, you may only need to complete the ‘Know Your Client’ (KYC) process when you desire to engage with real money.
CM trading demo account is often called practice accounts. They allow traders to try out a broker’s products without risking any actual money, as they are often stocked with a virtual currency.
By actively participating in real-time trades on a sample account, novice traders can learn the ins and outs of the trading process while honing their tactics. Not only may more experienced traders use a Demo account to test out CM Trading’s services, but new traders can also use it to learn more about the industry.
A Bronze Account with CM Trading: –
CMTrade’s Bronze Account is ideal for new traders because it includes all of CMTrade’s fundamental features, including access to market reviews. To open an account CM trading demo account, you must deposit at least $250 and have a maximum leverage of 200:1. The Bronze Account’s spreads are regular, but the primary value of the Bronze Account is the amount of educational information you may access. As a member, you will access Webinars, VODs, and free CMTrading e-books on Introduction to Trading.
CM Trading Silver Account: –
You get the same features as with Bronze but additional perks when you upgrade to a higher-quality account. The Silver Account CM trading demo account includes access to market reviews and a leverage ratio of 200:1. To get started, you’ll need to put down a $1,000 deposit. Spreads on the Silver Account start as little as 1.2 pip, and you get one risk-free trade every month. In addition to being a personal assistant, you will have access to all the necessary instructional materials. Resources for learning about advanced trading are available in the form of webinars and e-books.
CM Trading Gold Account: –
The minimum deposit for CMTrading’s Gold Account is USD 10,000, which is a large sum. However, with a normal leverage level of 200:1 and up to three risk-free trades, you’ll enjoy minimal spreads starting at 0.9 pips. There is a kind of training resources available, including webinars, video on demand, and e-books on the basics of professional trading. Personal assistant, market review, and volume cashback are all included in the Gold Account to aid you in your trading sessions.
Premium CM Trading Account: –
Traders with a lot of experience in the sector should open the Premium Account, the most advanced trading account. A down payment of at least $100,000USD is necessary. However, you may be asked to put more money down. You will have access to the Trading Room, a trading specialist, a personal assistant, and a personalized account as a CM trading demo account holder. With a common leverage level of 200:1, you can get spreads as low as 0.9 pips. The Gold Account’s instructional resources are also available to Premium Account users.