Independent broker researchIssue 020Vol. IV
020Vol. IVMay 22, 2026
— independent broker research —
Broker reviewLast reviewed · 14 April 2026

CM Trading review

CM Trading, established in 2012, is a leading broker in Africa and the Middle East, known for its tailored trading solutions, innovative tools, and exceptional client support.

ByDavid KwameEdited by InvestorTrip Editorial teamLast reviewed April 14, 2026
About the broker

Overview

CM Trading was established in 2012 and is headquartered in Johannesburg, South Africa. The broker has built a strong reputation for offering tailored trading solutions, innovative tools, and exceptional client support, particularly in the African and Middle Eastern markets.

Founded
2012
Quick scan

Strengths and watchouts

Strengths
  • Regulated by FSA and FSCA
  • CM Trading WebTrader
  • Automated trading allowed
  • 170+ trading instruments
  • Crypto trading
  • User-friendly trading platforms
  • US clients not accepted
  • Not a public company
  • Financial information not disclosed
  • No banking licence
Watchouts

Watchouts are not yet documented for this broker. Review fees, regulation and account terms before opening an account.

Tier-1 register checks

Safety and regulation

CM Trading is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The broker complies with local regulatory standards to ensure a secure and transparent trading environment. Client funds are held in segregated accounts with reputable banks to ensure their safety. However, CM Trading does not offer additional insurance protection beyond standard practices.

Regulators on file
  • FSCA
  • FSA
Risk warning

Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.

What you can trade

Markets available

  • Forex
  • Metals
  • Energy
  • Stocks
  • Indices
  • Commodities
  • Cryptocurrency
  • CFDs
Min deposit and structure

Account types

AccountMin depositCommissionLeverage
Basic$00.11:1 to 1:200
Trader$00.11:1 to 1:200
Gold$01.91:1 to 1:200
Premium$01.91:1 to 1:200
What you pay

Fees and costs

Spreads on forex pairs start from 1.5 pips on the Mini Account and decrease with higher-tier accounts. No commissions are charged on most account types. Overnight swap fees apply to positions held overnight, with detailed rates disclosed on the platform. Swap-free Islamic accounts are available upon request. Inactivity fees apply to accounts that remain dormant for more than 90 days, encouraging active trading.

Methodology

How we reviewed this broker

Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.

Read the full methodology →
From readers

Frequently asked questions

Is the broker regulated?
Yes, CM Trading is regulated by the FSCA in South Africa, ensuring a secure trading environment.
What trading platforms are available?
CM Trading offers MetaTrader 4, WebTrader, and CopyKat social trading platforms, along with mobile trading apps.
What is the minimum deposit required to open an account?
The minimum deposit starts at $250 for the Mini Account.
What types of accounts does the broker offer?
CM Trading provides Mini, Classic, Executive, VIP, and demo accounts to suit different trading needs.
What fees and commissions are charged?
Fees include spreads, swap rates for overnight positions, and inactivity fees for dormant accounts. No commissions are charged on most account types.
What is the maximum leverage available?
Leverage of up to 1:200 is available, depending on the account type and trading instrument.
Are demo accounts available?
Yes, CM Trading offers demo accounts with virtual funds for traders to practice and refine their strategies risk-free.
How can I contact customer support?
Customer support is available via live chat, email, and phone, offering multilingual assistance during trading hours.

Reviewed by the InvestorTrip Editorial team · Last updated 14 April 2026

Broker data documented from public sources: regulator registers (FCA, CySEC, ASIC, FSCA, BCC and others), the broker's own website, and IOSCO I-SCAN warnings where applicable. Information can change — verify current terms directly with the broker before depositing.