CM Trading

CM Trading

Forex Broker

  • Company name: Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
  • Founded: 2013
  • Offices: South Africa,Seychelles
  • Regulators: FSCA No.38782
  • Broker type: Market Maker

Trading info

  • Min. Deposit: $250
  • Leverage: 200:1
  • Min. Spread: 1.5 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard,Skrill, CashU
  • Currency pairs: 47

Trading platform

  • Platform: MetaTrader4, Sirix
  • Web based: Yes
  • Mobile: Yes

Open Account

8.1 TradeForexSA
User Rating 9 (1 vote)
  • FSCA Regulated (FSP 38782)
  • 20% first deposit bonus
  • MT4 & Sirix trading platforms
  • 4 account types with optional swap-free options
  • Underwelming educational material
  • Wide spreads on the mini account
CM Trading is a South African FSCA regulated brokerage (FSP 38782) operating since 2012. With offices in Johannesburg, CM Trading operates out of both South Africa and Seychelles. CM Trading offers traders the MetaTrader4 and Sirix trading platforms, four different accounts with different levels of service, tight spreads and reasonable minimum deposit requirements.
Account Types8
Client Support & Onboarding7.5
Free Services8
Deposit & Withdrawal9

With a 20% bonus for new clients, free signals, and reasonable trading conditions we believe you will have a good South African trading experience with CM Trading.

Account Types

The four Accounts types include Mini, Standard, Executive, and Gold, with escalating deposit requirements and features.  Each account type has a demo option, and some of the higher level accounts have more webinars, which include lessons on trading strategy and maximising your trades.

Mini account

The mini account requires a 250 USD minimum deposit to get the basic fixed spreads.  The markup on spreads starts at 1.5 pips and comes with leverage up to 200:1.

Standard account

A minimum deposit of 1000 USD gives you standard spreads which are tighter than the basic spreads offered with the mini account. With the Standard account and upwards, you get the CM Trading debit card that gives you immediate access your trading wallet at any ATM.  Immediate withdrawals are a nice perk to have for professional traders.  One risk-free trade is available with this account.

Executive account

With a minimum deposit or 5,000 USD, traders receive even tighter and more competitive spreads, the CM Trading debit card, and the education package of webinars on how to do technical analysis and find your own trading opportunities.

Gold account

With a minimum deposit of 25,000 USD, the gold account has the tightest spreads available to CM Trading clients, as well as the CM debit card for fast withdrawals, the education pack of webinars, and three risk-free trades.

CM Trading Account Types

Trading conditions

While the spreads for the mini account are fixed, the spreads for the larger accounts become tighter and more competitive floating spreads.  This is where CM Trading starts to compete with the banks to get you the best deals.  Leverage of 1:200 is available.

All active and funded trading accounts get free signals.  They are delivered via the website, as well as in a daily morning review, and urgent signals are sent via SMS.  This service is excellent if you are a beginner and you are not yet comfortable with doing your own technical analysis.

You can make your deposits via wire transfer, debit card, credit card, Neteller, CashU, and even cash deposits at your local Nedbank branch once your account is open.

Trading Platforms

CM Trading provides MetaTrader4, an Android mobile platform, and the Sirix webtrader. Sirix also allows you to trade on your tablet, and the layout looks much like MetaTrader4 on the desktop, so you don’t need to get used to a vastly different platform.

Also, CM Trading also offers CopyKat, a social trading platform that allows you to watch professional traders’ deals and copy them. The system is an easy-to-use and supports one-click trade that lets you learn easily from others.

CM Trading even offers a “Guardian Angel” service, which provides support and direct messages concerning market trends and other information that can assist with trading.

Customer Support

CM Trading has quality support via live chat or telephone

Educational Material

The upper tier accounts have instructional videos, attend webinars and educational ebook.  They also run a blog and do technical analysis, all of which is available under the “CM Academy” tab on their homepage.

Compare CM Trading

CM Trading Vs. XM

 CM TradingXM
FundingBank wire, Visa/Mastercard,Skrill, CashUBank wire, Visa/Mastercard, Skrill , Neteller
RegulatedFSCA No.38782EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypeMarket MakerMarket Maker
Currency Pairs4755+
Minimum Spread1.5 pips0.0 pips
Minimum Deposit$250$5
Max Leverage200:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit CM TradingVisit XM

CM Trading Vs. FXTM

 CM TradingFXTM
FundingBank wire, Visa/Mastercard,Skrill, CashUBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more
RegulatedFSCA No.38782FSCA No.46614, FCA, CySEC, IFSC
Broker TypeMarket MakerECN/STP
Currency Pairs4759
Minimum Spread1.5 pips0.1 pips
Minimum Deposit$250$5
Max Leverage200:1Flexible
Expert ReviewRead reviewRead review
Visit WebsiteVisit CM TradingVisit FXTM

The Breakdown

CM Trading is a traditional South African FSCA market maker.   The trading conditions and the number of currency pairs can certainly be improved, along with the quality of educational material offered to mini account holders, but the additional support for MetaTrader and the comfort of knowing that they are locally regulated should make up for that.  Traders looking to use MT4, and would appreciate the free signals and Copykat functionality, should shortlist CM Trading.


Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director at TradeForexSA, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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