CM Trading
Westpac
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Overview
CM Trading was founded in 2011 and is headquartered in Seychelles, while Westpac was established in 2008 and is based in Austrailia. CM Trading holds licences including Financial Sector Conduct Authority (FSCA), while Westpac is regulated by Financial Conduct Authority (FCA) among others. CM Trading serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $250 at CM Trading and $50 at Westpac.
| Feature | CM Trading | Westpac |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Financial Sector Conduct Authority (FSCA) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2011 | 2008 |
| Country | Seychelles | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CM Trading and Westpac, directly affecting your bottom line as a trader. CM Trading has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Westpac). Neither broker charges withdrawal fees. CM Trading applies inactivity fees on dormant accounts; Westpac does not. Westpac charges deposit fees; CM Trading does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | CM Trading | Westpac |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
CM Trading offers MT4, MT5, cTrader, while Westpac supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | CM Trading | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CM Trading and Westpac compare. Westpac runs regular live webinars; CM Trading does not. Both provide video tutorials. Westpac publishes daily market commentary; CM Trading does not. Both integrate third-party research tools. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | CM Trading | Westpac |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CM Trading | Westpac |
|---|---|---|
| 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 Westpac 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 | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |