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CM Trading Fund Withdrawal Step by Step

Overall, CM Trading offers a simple fund withdrawal process for Kenyan Traders. CM Trading offers four retail trading accounts. CM Trading is considered a credible broker with competitive fees and spreads. CM Trading has a trust score of 91% out of 100.

Updated : September 27, 2022

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Fund Withdrawal Step by Step

Detailed Withdrawal Information

Terms and Conditions

Pros and Cons

Final Verdict

FAQ

Overall Rating

Min Deposit

USD100

Regulators

FSA

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

154

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on CM Trading’s website

How to Withdraw Funds Step by Step

👉 Traders who want to withdraw funds from the trading account can follow these few steps:

➡️ To do this, go to the Accounts tab of CM Trading’s website and log in.

➡️ Select “Withdrawal” from the drop-down option on the right side of the screen.

➡️ Kenyans can request a withdrawal by filling out the form and clicking the “Request a withdrawal” button.

➡️ Traders should expect to hear from CM Trading’s Finance Department through email to begin the withdrawal process within 24 hours of submitting their request.

➡️ If a Kenyan attempts to withdraw money but is unable, they should double check that they used the same payment method to deposit money.

Detailed Withdrawal Information for Traders

➡️ Within three business days after receiving the withdrawal request, the finance department will process the request and send the monies to the specified withdrawal method.

➡️ Traders should anticipate a longer period for their bank to process the cash once they have been deposited.

➡️ Bank wire transfers and credit card transfers often add three to seven business days, depending on how quickly your financial institution executes the transaction.

➡️ Kenyans should be aware that CM Trading has zero say over the internal regulations and cannot speed up the processing periods involved.

 

CM Trading Deposit Currencies, Deposit and Withdrawal Processing Time

📱 Payment Method💰 Deposit Currencies💸 Deposit Processing💵 Withdrawal Processing
Bank Wire TransferUSD, EUR, ZAR, NGN, KES2 to 5 working days2 to 10 working days
OZOWZARInstant2 to 10 working days
Electronic Fund Transfer (EFT)ZARInstant
SkrillUSD, EURInstantInstant
NetellerUSD, EURInstantInstant
Credit CardUSD, EURInstant2 to 10 working days
Debit CardUSD, EURInstant2 to 10 working days
M-PesaKESInstantInstant
Local Mobile MoneyUSD, EUR, NGN, KESInstantInstant
CryptocurrenciesAll major cryptoInstantInstant

Fund Withdrawal Terms and Conditions

➡️ Anti-Money Laundering procedures are strictly enforced at CM Trading.

➡️ The original financing method is the sole withdrawal option for customers. For instance, withdrawals made by customers using a credit or debit card are limited to the amount that was first deposited using that card.

➡️ Withdrawals of profits may be made by bank transfer, electronic wallet, or crypto means, provided the initial investment was made using the same channel.

➡️ Kenyan traders must note that they cannot cash out their profits using a debit or credit card.

CM Trading Kenya Pros and Cons

✔️ Pros❌ Cons
CM Trading has a high trust scoreThe spreads are competitive, but they are not the lowest
CM Trading is a well-regulated brokerThere are deposit and withdrawal fees charged on crypto funding
Clients’ funds are stored in segregated accounts separate from CM Trading’s operational accounts and fundsThere is an inactivity fee that may apply if the account becomes inactive
There are several advanced trading tools offered to experienced traders
There are no restrictions on the trading strategies that traders can use
CM Trading welcomes Kenyan traders
CM Trading offers local deposit and withdrawal methods
There is a competitive minimum deposit requirement for the account tiers
CM Trading has a long-standing reputation as one of the best forex and CFD brokers for Kenya

Verdict on CM Trading

👉 Overall, CM Trading is very competitive in terms of its trading fees and spreads.

FAQ

How do I withdraw my profits from CM Trading?

You can withdraw your profits using bank wire, e-wallets, or crypto methods.

 

Can I use someone else’s bank account to make a withdrawal?

No, because of strict Anti-Money Laundering (AML) policies, you can only withdraw funds to an account that is registered in the same name that you opened a trading account with.

 

How can I cancel my CM Trading withdrawal?

You can log into the CM Trading website, select withdrawal, and click on Withdrawal History. Here you can find any pending withdrawals and you can select the option to cancel the withdrawal.

 

How long does a withdrawal with CM Trading take?

CM Trading offers instant withdrawals on electronic payment gateways, but bank wire transfers have a longer processing time of up to 10 days.

 

Does CM Trading support M-Pesa?

Yes, CM Trading supports the use of M-Pesa and other local payment options such as OZOW and EFTs.

9.3/10 - (18 votes)