CMTrading Spreads, leverage, minimum deposit Revealed
WikiFX | 2023-02-08 15:07Abstract：CM Trading was established in 2002 and is offshore regulated by the Seychelles Financial Services Authority (FSA) and holds a suspicious clone license issued by the Financial Sector Conduct Authority (FSCA) of South Africa. It offers a variety of trading instruments including forex, CFDs, and cryptocurrencies. The platform supports multiple deposit and withdrawal methods, with a minimum deposit of $20, and provides five account types along with interest-free Islamic accounts. However, it does not offer the MT5 platform and lacks a demo account.
| CM TradingReview Summary | |
| Founded | 2002 |
| Registered Country/Region | South Africa |
| Regulation | FSA (offshore) and FSCA (suspicious clone) |
| Market Instruments | Forex, currencies, CFDs, commodities, indices, stocks, and cryptocurrencies |
| Demo Account | / |
| Leverage | / |
| Spread | Low as 1.9 pips |
| Trading Platform | MT4, Webtrader, CMTrading |
| Minimum Deposit | $20 |
| Customer Support | Phone: +44 161 388 3321 |
| Email: support@cmtrading.com | |
| Adress: 14th Floor Sandton City Office Towers, 158 5th St, Sandton, 2196, South Africa | |
CM Trading Information
CM Trading was established in 2002 and is offshore regulated by the Seychelles Financial Services Authority (FSA) and holds a suspicious clone license issued by the Financial Sector Conduct Authority (FSCA) of South Africa. It offers a variety of trading instruments including forex, CFDs, and cryptocurrencies. The platform supports multiple deposit and withdrawal methods, with a minimum deposit of $20, and provides five account types along with interest-free Islamic accounts. However, it does not offer the MT5 platform and lacks a demo account.
Pros and Cons
| Pros | Cons |
| No commission fees | Offshore regulation risks |
| No deposit fees | Suspicious clone license |
| Long operational history | Demo account not available |
| MT4 available | No MT5 offered |
| Various trading instruments | Lack of transparency |
| Offers five account types | |
| Various payment options |
Is CM Trading Legit ?
CM Trading is offshore regulated by the Seychelles Financial Services Authority (FSA) and is also registered with the Financial Sector Conduct Authority (FSCA) of South Africa, holding a Financial Services Provider license.
| Regulated by | Regulatory Status | Licensed Institution | Licensed Type | Licensed Number |
| Seychelles Financial Services Authority (FSA) | Offshore regulated | GCMT Limited | Retail Forex License | SD070 |
| Financial Sector Conduct Authority (FSCA) | Suspicious clone | BLACKSTONE MARKETING SA (PTY) LTD | Financial Service Corporate | 38782 |
What Can I Trade on CM Trading?
CM Trading offers seven types of trading instruments, including forex, currencies, CFDs, commodities, indices, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
CM Trading offers five account types: Basic Account, Trader Account, Gold Account, Premium Account, and VIP Club. In addition, CM Trading also offers interest-free Islamic accounts.
| Account Type | Minimum Deposit | Bonus | Commission | Spreads |
| Basic Account | $299+ | $100 | 0 | Regular |
| Trader Account | $2,000+ | $500 | 0 | Plus |
| Gold Account | $20,000+ | $8,000 | 0 | Low as 1.9 pips |
| Premium Account | $85,000+ | $40,000 | 0 | Low as 1.9 pips |
| VIP Club | $250,000+ | $150,000 | 0 | Low as 1.9 pips |
Trading Platform
CM Trading offers three trading platforms: MetaTrader 4 (MT4), CMTrading Webtrader, and CMTrading Trading Platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | Windows, Mac, Android, iOS | Beginners |
| CMTrading Webtrader | ✔ | Windows, Mac, iOS, Web Browsers | / |
| CMTrading Trading Platforms | ✔ | Windows, Mac, iOS, Web Browsers | / |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
CM Trading supports multiple deposit methods including credit/debit cards, bank transfers (Standard ZAR and NedBank ZAR), cryptocurrency payments, and various e-wallets such as Skrill, EFTPay, Neteller, Perfect Money, and Google Pay. All deposits have a minimum amount of $20 and are mostly processed instantly, except bank transfers which take 1–3 business days.
Withdrawals of the original deposited funds must be made via the same method used for deposit, with amounts limited to the original deposit. Profits can be withdrawn via bank wire transfer, e-wallets, or cryptocurrency, but not through credit or debit cards.
| Deposit Method | Minimum Deposit | Fees | Processing Time |
| Cryptocurrencies | $20 | ❌ | Instant |
| Skrill | $20 | ❌ | Instant |
| EFTPay | $20 | ❌ | Instant |
| Neteller | $20 | ❌ | Instant |
| Perfect Money | $20 | ❌ | Instant |
| Google Pay | $20 | ❌ | Instant |
| Standard ZAR | $20 | ❌ | 1 to 3 business days |
| NedBank ZAR | $20 | ❌ | 1 to 3 business days |
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