CMTrading is a global forex and CFD broker founded in 2012. It offers online trading services across multiple financial markets, including forex, commodities, indices, shares, and cryptocurrencies.
The broker is operated by Global Capital Markets Trading and provides services to traders worldwide. CMTrading focuses on user-friendly trading, offering access to popular platforms like MetaTrader 4 (MT4) along with its own web-based trading system.
CMTrading is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, allowing it to operate legally in certain regions. The broker provides multiple account types, educational resources, and trading tools designed for both beginners and experienced traders.
In addition to trading services, CMTrading offers features like copy trading and market analysis to support users in making informed decisions.
| Founded: |
Account Currencies |
| 2012 |
USD, EUR, ZAR |
| Trading Instruments: |
Trading Platforms: |
| Forex, Commodities, Indices, Stocks, Cryptocurrencies |
MT4, CMTrading Mobile App, Sirix WebTrader |
| Funding Methods: |
Regulation |
| Bank Transfer/EFT, Card Payments, E-Wallets |
FSA (Seychelles) |
| Max Leverage: |
Min Deposit: |
| 1:200 |
$10,000 |
Fees, Spreads, and Commissions
CMTrading uses a spread-based pricing model. It offers mostly commission-free trading on standard accounts.
The broker earns mainly through spreads. Traders do not pay separate commissions on most trades.
Spreads on major forex pairs like EUR/USD typically start from around 1.2–1.5 pips. In some cases, spreads can be higher depending on the account type.
Some sources report typical spreads reaching around 2.6 pips on standard accounts. Higher-tier accounts may offer slightly tighter spreads.
CMTrading also offers ECN accounts. These accounts provide tighter spreads, sometimes from 0.1 pips, but charge a commission per trade.
The commission on ECN accounts can range from about $5 to $7 per side, depending on the account level.
In addition to trading costs, swap (overnight) fees apply to positions held beyond one day.
The broker may also charge inactivity fees after a period of no trading activity.
Deposits and Withdrawals
CMTrading offers a variety of deposit and withdrawal methods. These include bank transfers, credit/debit cards, e-wallets, and local payment options.
Deposits are usually fast. Card and e-wallet deposits are often instant, while bank transfers may take up to a few business days.
CMTrading does not charge internal deposit fees in most cases. However, currency conversion or third-party charges may apply.
Withdrawals are processed within about 3 business days by the broker. After that, banks or payment providers may take additional time.
Bank and card withdrawals can take around 3–7 business days to reach the account. Processing time depends on the financial institution.
Most withdrawals follow the same method used for deposits. This ensures compliance with anti-money laundering rules.
The minimum withdrawal amount is usually around $20.
Some withdrawal fees may apply. In many cases, fees can range around 2% depending on the method used.
Minimum Deposit and Account Types
CMTrading offers a tiered account structure for different trading levels. It provides options for beginners and advanced traders.
The minimum deposit usually starts from around $250 to open a live trading account.
Some entry-level accounts may start lower, around $100 depending on the region or account type.
CMTrading offers multiple account types. These include Basic, Trader, Gold, Premium, and VIP accounts.
The Basic account suits beginners. It typically requires a deposit of around $250 and offers standard trading conditions.
The Trader account requires around $2,000. It provides additional tools like trading signals and personal support.
Gold accounts start from about $10,000–$20,000. They offer better spreads and extra trading benefits.
Premium accounts require higher deposits, often above $85,000. VIP accounts can require $250,000 or more.
CMTrading also offers ECN accounts for advanced traders. These accounts provide tighter spreads with a commission.
A demo account is available for practice. Traders can test strategies without risking real money.
Some accounts also include Islamic (swap-free) options for Sharia-compliant trading.
Global Regulation
CMTrading operates under a multi-entity regulatory structure. It serves clients in different regions through separate licensed companies.
The broker is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. This is a recognized regulatory authority in the region.
The South African entity operates under GCMT South Africa (Pty) Ltd with FSP number 38782.
CMTrading also operates an offshore entity. This entity is licensed by the Financial Services Authority (FSA) in Seychelles.
The FSCA provides a moderate level of oversight and ensures compliance with financial rules.
However, the Seychelles FSA offers lower investor protection compared to top-tier regulators like FCA or ASIC.
Regulation depends on the entity where the account is registered. Protection levels may vary by region.
Safety Beyond the Trade
CMTrading uses several measures to protect client accounts and data. These steps help improve overall security.
The broker keeps client funds in segregated accounts. This ensures funds remain separate from company operations.
CMTrading follows KYC and AML procedures. These checks help prevent fraud and unauthorized access.
The platform uses encryption technology to protect personal and financial data. This reduces the risk of cyber threats.
CMTrading also provides basic risk management tools. These include stop-loss and take-profit features.
In some cases, the broker may offer negative balance protection. This depends on the regulatory entity.
However, safety levels vary by region. Offshore entities may provide lower protection.
CMTrading does not offer strong investor compensation schemes like top-tier regulators.
Trading Platforms and Tools
CMTrading offers two main trading platforms. These include MetaTrader 4 (MT4) and its proprietary WebTrader platform.
MT4 is one of the most popular trading platforms in the industry. It provides advanced charting tools, indicators, and automated trading features.
Traders can use Expert Advisors (EAs) on MT4. These tools allow automated trading based on custom strategies.
The platform supports multiple order types and real-time market data. It also allows full customization of charts and indicators.
CMTrading also offers a WebTrader platform. It runs directly in a browser without requiring any download.
WebTrader provides charting tools, indicators, and fast trade execution. It also supports social trading features.
Both platforms are available on mobile devices. Traders can manage accounts and trade anytime.
CMTrading also provides copy trading tools. These allow users to follow and replicate experienced traders.
Customer Support
CMTrading provides customer support through multiple channels. Traders can contact the team via live chat, email, phone, and WhatsApp.
Support is available 24/5 during trading days. This ensures assistance when markets are active.
The broker offers multilingual support across different regions. It serves clients through international phone numbers and local teams.
Live chat and WhatsApp are the fastest support options. They usually provide quicker responses than email.
CMTrading also provides dedicated email support. Users can contact different departments for onboarding, funding, or general queries.
Many users report helpful account managers and training support. However, some users mention delays or inconsistent responses.
The broker also offers a FAQ section and educational resources. These help traders solve common issues quickly.
