CMTrading at a glance
CMTrading is a forex and CFD broker established in 2012, offering forex, indices, commodities, stocks and cryptocurrencies through MT5, WebTrader and its proprietary trading technology.
CMTrading reports a founding year of 2012 and a head office in Johannesburg, South Africa. It lists 1 regulator and 2 trading platforms.
BrokerBazaar verdict
Our research team has not yet published a written verdict for CMTrading. The BrokerBazaar Intelligence Score is 74/100 (moderate risk), computed from regulatory, operational, transparency, reputation and domain-history signals. Scores are editorial assessments, not user ratings, and are never influenced by payment.
Legal entities, regulation and licences
CMTrading operates through 3 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
CMTrading states that it accepts clients from South Africa, Seychelles. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: not disclosed. Platforms: Metatrader 5, CMTrading Webtrader. Account types: Silver, Gold, Platinum.
Best-for tags assigned by our team: Beginners, Copy Trading, Local Support.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100. Spreads start from 1.5 pips and commission is No commission (spread-only). Maximum leverage is 1:200, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card, Skrill, Neteller. Withdrawal methods: Bank Transfer, Skrill, Neteller.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: FSCA: Client funds should be held separately from company funds. Compensation: No central compensation scheme.
Complaints and dispute process
Formal complaints: support@cmtrading.com. Phone: +27 21 109 8267. Complaints are handled under CMTrading's FSCA Complaint Handling Policy. If the final decision does not satisfy the complainant, the complaint may be taken to the FSCA and/or relevant courts for independent external review.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: FSCA-linked South African regulatory structure
- Strength: Seychelles FSA-regulated entity
- Strength: Established in 2012
- Strength: MT5 and WebTrader support
- Strength: Forex, indices, commodities, stocks and cryptocurrencies
- Strength: ECN account option
- Strength: ECN spreads as low as 0.1 pips on EUR/USD
- Strength: Copy trading available
- Strength: 24/5 support is advertised by CMTrading
- Strength: South African local support
- Limitation: South African regulatory structure involves a juristic representative rather than the FSP licence being held directly by GCMT South Africa
- Limitation: Seychelles entity is offshore regulated
- Limitation: Trading conditions vary substantially by account type
- Limitation: Maximum leverage varies by instrument and account
- Limitation: ECN commissions can be significant
- Limitation: Standard account spreads are materially wider than ECN minimum spreads
- Limitation: Minimum deposits increase substantially for higher account tiers
- Limitation: Limited top-tier international regulatory coverage compared with major global brokers
Who this broker suits, and who it does not
CMTrading is most relevant to traders looking for: Beginners, Copy Trading, Local Support.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
CMTrading change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for CMTrading yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about CMTrading
Data sources. Broker submission, the regulator registers linked above, CMTrading published FSP 38782; to re-confirm on FSCA FSP search, web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: Trustpilot 4/5; WikiFX 3.73/10; Forex Peace Army 3.22/5; Google Play Store 4.1/5; Apple App Store 4.4/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with CMTrading. How we make money. Trading leveraged products carries a high risk of loss.