Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
CMTrading Pros & Cons
- A vast array of trading accounts, including ECN accounts and an Islamic account.
- The presence of a service for copying transactions, which allows you to receive passive income.
- Tons of training materials and instruments for market analysis.
- Segregated accounts are used to store clients’ funds and the broker does not have access to them.
- For trading, you can use built-in advisors or those offered by the MT4 platform.
- Fast registration procedure on the site.
- Demo account availability.
- The minimum deposit amount is 250 EUR or USD, which is not always a top-tier option for beginners.
- Trading accounts can be opened in only two currencies: euros or US dollars.
- The broker offers a small number of payment systems for deposits and withdrawals.
TU Expert Verdict
CMTrading demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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CMTrading User Reviews
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5-star
2%
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4-star
2%
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3-star
26%
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2-star
37%
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1-star
33%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of CMTrading have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- Inactivity fee applies
- Withdrawal fee applies
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Is CMTrading Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria7 /10CMTrading has a safety score of 7/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 15 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6 /10CMTrading offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- Micro lots are not available
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.2 /10CMTrading received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.8 /10CMTrading offers a limited selection of trading assets compared to the market average. The platform supports 150 assets in total, including 70 Forex pairs.
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Trading Account Opening
We successfully registered an account with CMTrading in 12 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at CMTrading is $100.Score:We evaluated Trading Account Opening at CMTrading by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at CMTrading by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.7 /10
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CMTrading Video Guides
FAQs
How is CMTrading regulated and what safety measures does it offer?
CMTrading is regulated by the Financial Sector Conduct Authority of South Africa (FSCA SA, Tier-2) and the Financial Services Authority of Seychelles (FSA, Tier-3), and has an overall safety score of 7/10, described as a Medium security level. The broker provides negative balance protection and applies KYC verification, but it is not tier-1 regulated and there is no specific investor compensation fund mentioned for its licenses.
What fees, spreads, and commissions do reviews highlight for CMTrading?
According to the fee analysis, CMTrading is rated 8/10 for having generally low trading and non-trading fees, including tight EUR/USD spreads of about 0.5–0.8 pips on Standard accounts and average 0.1-pip spreads on EUR/USD and GBP/USD for RAW/ECN accounts with a $2.5 per-lot commission. There is no deposit fee, but an inactivity fee of $15 per month and withdrawal fees are noted as disadvantages.
What do user reviews and feedback say about CMTrading’s overall reputation?
Based on available user reviews, CMTrading has a user satisfaction score of 4/10 from 57 reviews, with most ratings being 1–3 stars. The distribution shows 2% 5-star, 2% 4-star, 26% 3-star, 37% 2-star, and 33% 1-star reviews, indicating that feedback is mostly negative.
How do reviews describe the CMTrading account opening process?
The account opening process at CMTrading is described as fully online, with registration taking about 12 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $100, and while the onboarding is characterized as accessible and straightforward, the review notes that account approval can take extra time depending on the documentation provided.
What do reviews say about CMTrading’s customer support and response quality?
Reviews of CMTrading’s customer support describe service that is available 24/7 with multiple contact channels, including email, phone, fax, website chat, and social networks, and support is noted as multilingual. However, the safety score for support is 5.7/10, and comments indicate that response speed can be moderate and sometimes slow, with no callback function mentioned.
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