CM Trading
Ellevest
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Overview
CM Trading was founded in 2011 and is headquartered in Seychelles, while Ellevest was established in 2008 and is based in USA. CM Trading holds licences including Financial Sector Conduct Authority (FSCA), while Ellevest is regulated by Unregulated among others. CM Trading serves 10,000+ clients worldwide; Ellevest has 10,000+. The minimum deposit is $250 at CM Trading and $1 at Ellevest.
| Feature | CM Trading | Ellevest |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Financial Sector Conduct Authority (FSCA) | Unregulated |
| Founded | 2011 | 2008 |
| Country | Seychelles | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CM Trading and Ellevest, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs $250 at CM Trading). Ellevest charges withdrawal fees while CM Trading does not, giving CM Trading an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Ellevest charges deposit fees; CM Trading does not. Overall, Ellevest scores higher on fees in our assessment.
| Feature | CM Trading | Ellevest |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
CM Trading offers MT4, MT5, cTrader, while Ellevest supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. CM Trading supports social and copy trading features, which Ellevest does not offer. The two brokers are closely matched on platform offering.
| Feature | CM Trading | Ellevest |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mirror Trader, Sirix, Web Trader, Tablet & Mobile apps | Windows, Android, Mac OS, iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CM Trading and Ellevest compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | CM Trading | Ellevest |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CM Trading accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Ellevest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CM Trading | Ellevest |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both CM Trading and Ellevest offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | CM Trading | Ellevest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |