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.
The CM Trading broker has been providing financial services in the international Forex market since 2012. The company is focused on working with active traders and provides optimal trading conditions. CM Trading allows advisors, provides a vast array of instruments for market analysis, and its seasoned professionals always have your back. CM Trading is regulated by the FSCA 38782 (Financial Sector Conduct Authority of South Africa) and the FSA SD070 (Financial Services Authority of Seychelles).
The broker's portfolio of trading instruments includes currency pairs, cryptocurrencies, indices, and CFDs. There are few assets for long-term investments in the company, so the broker offers investors another way to get passive income. It can be done using the services of trade copying agencies or apps.
TU Expert Verdict
CMTrading carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of CMTrading with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, CMTrading’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
CMTrading Standard spreads CMTrading OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.7 0.1 0.9 GPB/USD max, pips 1.0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
CMTrading RAW/ECN spreads CMTrading OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with CMTrading. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
CMTrading Non-Trading Fees CMTrading OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-15 0 Inactivity fee ($, per month) 15 0 15 -
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
CMTrading Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
FSCA SA Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 
FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 CMTrading Security Factors Foundation date 2011 Negative balance protection YesVerification (KYC) Yes -
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
- Tight spread ECN account
- Low minimum deposit
- No VIP account option
- No Cent account
CMTrading account types vs top competitors CMTrading Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoCMTrading accounts trading conditions
The first step to making money on trading and trading in CMTrading is opening a trading account.
Account types:
Account Type Description Bronze Account The minimum deposit is 250 EUR/USD, there is access to news, books, and webinars. The size of the spreads is standard. Access to the video course is limited to the "introduction" stage only. Silver Account This account is the most popular among CMTrading traders. The minimum deposit is from 1,000 USD/EUR. This allows access to educational materials, news, the video course is (partial), spreads from 1.2 pips, one risk-free trade, and advice from a personal assistant. Gold Account To open an account, you need to deposit from 10,000 EUR/USD. For this amount, the trader gets access to all educational materials, including full access to the video course, as well as a review of news and articles. Spreads start from 0.9 pips, there is an opportunity to make three risk-free trades and cashback. A personal assistant is attached to the account. Premium Account Minimum deposit amount is from 100,000 EUR/USD. The user has access to all materials and instruments for market analysis, the help of a personal manager throughout, as well as access to the trading room and special offers. ECN accounts At CMTrading, they are presented with the following options: Bronze, Silver, Gold, Platinum. On these accounts, the size of spreads can fall to 0.1 pips, and the execution of transactions is many times faster. ECN accounts are used to trade currency pairs. Users who profess Islam can open Islamic accounts with special conditions for fees and swaps. To open an Islamic or ECN account, contact your personal manager.
You can also check the trading conditions in CM Trading on demo (training) accounts, the conditions on which fully correspond to the conditions on real trading accounts.
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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.
CMTrading provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- Bank wire transfers available
- USDT (Tether) supported
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are CMTrading deposit and withdrawal options?
CMTrading provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
CMTrading Deposit and Withdrawal Methods vs Competitors CMTrading Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are CMTrading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. CMTrading supports the following base account currencies: USD, EUR, GBP, ZAR.
What are CMTrading's minimum deposit and withdrawal amounts?
The minimum deposit on CMTrading is $100, while the minimum withdrawal amount is $20. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact CMTrading’s support team.
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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.
- Indices trading
- Copy trading platform
- Crypto trading
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by CMTrading with its competitors, making it easier for you to find the perfect fit.
CMTrading Trading.com Plus500 Currency pairs 70 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 150 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products CMTrading offers for beginner traders and investors who prefer not to engage in active trading.
CMTrading Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
CMTrading account opening CMTrading Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 12 20 KYC time (days) 2 2 3 Is CMTrading available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Opening a trading account with CMTrading does not take much time and takes place in three simple steps:
Open the broker's official website. There are two buttons in the upper right corner: "LOGIN" and "REGISTER".
Fill out the form with personal data. Enter your first name, last name, date of birth, email, password, and country of residence. Also select the type of account, either for personal use or corporate use.
After filling out a short questionnaire, you will be taken to your personal account, where you can already expand your personal information and go through the mandatory procedures. Then you will have to replenish your deposit and verify your account before starting to trade.
The following functions are available to the trader in the personal account:
- Trading accounts. Here the trader manages his real and demo accounts and creates new accounts if necessary..
- Deposit. A tab where you can conveniently fund your trading account..
- Withdrawal. The tab where you can apply for a withdrawal of funds. It is enough to go through verification, select the account from which you want to withdraw funds, and provide personal data for the transaction..
- Account statements. Here you can view the account statistics such as buy and sell orders and open and close orders..
- Account verification. The tab where you need to upload documents confirming the identity of the user. After uploading, the documents will be sent for review by the company..
- Personal details. The tab for editing personal data. So the trader can indicate a new phone number for communication or email address, surname, etc..
- Change password. The tab for changing the password..
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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 /10Customer support at CMTrading is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. CMTrading provides basic support functionality but does not stand out in overall service performance.
InformationIf a trader has problems during trading, transactions, or registration, CMTrading offers assistance, but you just need to contact the support staff and describe your problem.
- The support service works 24/7
- The broker offers several ways to communicate with traders
- The support service is multilingual
- The response rate from support specialists could be faster
- No callback function
To contact CMTrading’s support team, use one of the following methods:
- an email to the apropos department;
- call to international the phone numbers that are indicated on the website;
- send a fax message;
- send a message to the chat on the broker's website.
You don't need to have an open account with the company to get help. The broker is also represented on social networks and messengers, including Facebook, Twitter, Instagram, LinkedIn, YouTube, and WhatsApp.
Contacts Foundation date 2011 Registration address South Africa, Johannesburg 2196, Sandton, Corner Rivonia Road, and 5th Street. Regulation FSCA, FSA (Seychelles) Licence number:
38782, SD070Official site cmtrading.com Contacts support@cmtrading.com +44 203 318 2176, +27 10 500 80 26
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FAQs
How do CMTrading’s regulations and safety measures protect client funds?
CMTrading has a safety score of 7/10, categorized as a Medium security level, and is regulated by the FSCA in South Africa (Tier-2) and the FSA in Seychelles (Tier-3), both without specific investor compensation funds mentioned. The broker offers negative balance protection and requires KYC verification, and it has been operating since 2011, but it is not classified as a Tier-1 regulated broker in this review.
What fees, spreads, and commissions are outlined for trading with CMTrading?
The review rates CMTrading’s overall fee level as low, with a fees score of 8/10, highlighting low Forex trading fees, tight EUR/USD spreads, and no deposit fee, but noting that inactivity and withdrawal fees apply. On Standard accounts, EUR/USD spreads typically range from 0.5 to 0.8 pips and GBP/USD from 0.7 to 1.0 pips, while RAW/ECN accounts show average EUR/USD and GBP/USD spreads of 0.1 pips plus a $2.5 commission per lot, and a $15 monthly inactivity fee is specified.
What do reviews and feedback indicate about CMTrading’s user satisfaction level?
The user satisfaction score is 4/10 based on 57 reviews, with 2% 5-star, 2% 4-star, 26% 3-star, 37% 2-star, and 33% 1-star ratings, indicating that most users left low ratings. According to user reviews, overall sentiment is described as mostly negative in this section.
What deposit and withdrawal conditions are mentioned in reviews of CMTrading?
The review notes that CMTrading offers a basic range of funding methods, including bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, with no deposit fee and a Medium score of 6.2/10 for deposit and withdrawal efficiency. It also states that withdrawal fees apply, only major base currencies (USD, EUR, GBP, ZAR) are available, BTC is not a base currency, and the minimum deposit and withdrawal amounts are $100 and $20 respectively, which may vary by account type and payment method.
How is CMTrading’s customer support described in user feedback and reviews?
Customer support at CMTrading has a safety score of 5.7/10 and is described as available 24/7 with multiple multilingual contact options, including email, phone, fax, and website chat, and access without needing an open account. The review notes that response times are moderate and can require follow-ups, the response rate could be faster, and there is no callback function, although the broker is also present on several social networks and messengers.
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