Contributor, Benzinga
November 11, 2021
Overall Rating:
securely through CMTrading's website

Founded in 2012, South Africa-based online broker CMTrading gives clients award-winning access to more than 150 tradable assets, including the foreign exchange market (forex), contracts for difference (CFDs), commodities, indices and cryptocurrencies. 

In addition to the globally recognized MetaTrader 4 (MT4) trading platform, CMTrading also supports the Sirix Web Trader platform and a social trading platform called CopyKat. The broker provides a wide range of trading tools on its website as well as mobile trading apps for the Sirix and MT4 platforms. CMTrading offers extensive educational resources for less-experienced traders that include live seminars, webinars, e-books and training videos. While CMTrading services clients in more than 190 countries, the broker does not currently accept U.S.-based customers. 

Best For
  • New traders
  • Experienced traders
  • CFD traders
  • Active traders
  • Premium analytics
  • Extensive educational resources
  • Multiple trading platforms
  • Research platform
  • Social trading
  • Not available to U.S. based traders
  • High minimum deposit

CMTrading Ratings at a Glance

CMTrading supports the popular MT4 trading platform and has an extensive selection of expert advisor (EA) software that traders can use for automating their trading ideas or for trade signal generation. 

CMTrading also lets clients use the Sirix Web Trader platform that is a reliable and high-quality web-based trading platform compatible with both iOS and Windows operating systems. In addition, CMTrading supports the CopyKat social trading application for copy and social trading. 

The maximum leverage ratio offered at CMTrading is 200-to-1. CMTrading offers online trading to more than 1 million clients worldwide in over 150 tradable assets, including:

  • Stocks
  • CFDs
  • Forex
  • Indices
  • Cryptocurrencies
  • Commodities

CMTrading Customer Service

CMTrading’s high-quality multilingual customer service can be accessed in English, Spanish, Chinese, Arabic and Indonesian. In addition to the useful live chat feature on its website, CMTrading can be contacted 24/5 via 3 international telephone numbers. You can also contact the broker via email or by visiting one of its offices in Cape Town or Johannesburg in South Africa and in Lagos, Nigeria. The broker also responds to inquiries made through social media sites like WhatsApp, Facebook, Twitter, YouTube and Instagram. 

CMTrading Pricing

Depending on your level of experience and the amount of money you can deposit initially, you can choose from 5 different account types at CMTrading. All of these accounts include a demo account, market reviews, a CMTrading e-book and access to webinars. For Silver Accounts and higher, you get access to a dedicated account manager. Below find listed the 5 account types and their features:

  1. Bronze Account: This is CMTrading’s basic account and requires a minimum deposit of $100. You’ll get regular forex dealing spreads and an introductory video on demand (VOD) with this account type. 
  2. Silver Account: This account type requires a minimum deposit of $1,000. The account features dealing spreads as low as 1.2 percentage in points (pips) on EUR/USD, introductory to advanced VODs, live trading signals and market analysis from Trading Central. You also get 1 risk-free trade and a personal assistant.  
  3. Gold Account: With the Gold Account that requires a $10,000 minimum deposit you’ll get access to EUR/USD dealing spreads as low as 0.9 pips, introductory professional VODs, live trading signals and market analysis by Trading Central and 3 risk-free trades. In addition, you’ll get an electronic communications network (ECN) account, a cashback rebate and an account manager.  
  4. Premium Account: The CMTrading Premium account requires a minimum deposit of $100,000, and you receive all of the features described for the Gold Account plus a customized account, access to a trading specialist in addition to an account manager, access to Trading Room, top news and analysis and special offers.
  5. Sharia-Compliant Islamic Account: For people of the Muslim faith, CMTrading’s Islamic accounts are interest-free and meet all the requirements of Sharia law because these accounts incur no swap charges or rollover interest on overnight positions. Also, Islamic account holders can only access Sharia-compliant and approved trading instruments. 

For ECN accounts, a minimum markup of 0.1 pips applies over market pricing as well as a commission of $7 per lot applies to all trades. An inactivity fee of $15 per month will also be charged after 90 days of inactivity in any account.  

CMTrading Mobile App

Because CMTrading does not use its own proprietary trading platform, you can use the mobile versions of MT4, Sirix Web Trader and CopyKat. You can also use EAs via MT4 mobile and get additional compatible trading apps on your mobile device. 

CMTrading User Benefits

CMTrading offers excellent educational resources that cater to novices and seasoned traders alike. In addition to e-books and free articles, CMTrading has a YouTube channel where you can watch training videos, webinars, live seminars, how-to videos and much more. 

CMTrading’s research resources provide traders with a wide range of information and analysis that can be invaluable to experienced traders. For example, CMTrading gives you access to daily market reviews, trading signals, an economic calendar, several different trading calculators (including a Fibonacci calculator and a Pivot Point calculator), fundamental and technical analysis resources and insights on tradable assets and trading conditions.  

CMTrading User Experience

The CMTrading website is intuitive and easy to navigate. It also provides clear instructions on how to download trading platforms and gives clients access to research and educational resources. 

The broker’s support of the popular MT4 trading platform lets many seasoned traders use an excellent platform they’re already very familiar with that has versions for desktop, web and mobile devices. MT4 lets you automate your forex and CFD trading via EAs, develop custom indicators, backtest trading strategies and participate in social trading through CMTrading. 

As an alternative to MT4, the Sirix Web Trader platform gives you the option of trading anywhere through a web-based application without downloading and installing software. For traders who want to test strategies or practice trading, a demo account is available and funded with virtual money. 

If you prefer to copy other traders, CMTrading’s CopyKat lets you watch, learn from and copy successful traders and their trading strategies. You can access CopyKat through the Sirix Web Trader platform, which lets you open a Mirror Trader account that lets you automatically copy other traders’ transactions. 

CMTrading vs Competitors

Best For
  • CFD Traders
securely through CMTrading's website

CMTrading compares favorably with competitors for CFD and forex trading, and the broker has won many recent awards for its offerings, including its excellent customer service. Trading Central gives traders access to daily newsletter updates, a research platform and premium analytics. On the downside, CMTrading charges an inactivity fee but has a minimum deposit of $100 which is inline with similar platforms.

Other significant features not often found at other brokers include comprehensive educational resources and access to dedicated account managers for Silver, Gold and Premium accounts. CMTrading provides its clients a reasonably safe trading environment with competitive trading conditions and decent leverage ratios available in jurisdictions that allow it.  

CMTrading Overall

CMTrading’s offerings and services for forex and CFD traders get a relatively high overall rating of 4.5 stars. The broker’s educational and research facilities cater to both seasoned and beginning traders, and this can be tested using a free demo account before committing any funds. CMTrading also offers a decent maximum leverage ratio and product range. Nevertheless, CMTrading is not available to U.S.-based clients, and the broker has a rather high initial deposit and an inactivity fee that adversely affects its rating. 

CMTrading Video Tutorial

You can get an idea of CMTrading’s brokerage services through the company’s YouTube channel, where you can watch an introductory video at this link

Frequently Asked Questions


What does CMTrading stand for?


“Founded by traders for traders” has been CMTrading’s motto since its founding. The broker has a list of recent awards, including Best Financial Broker Africa for 5 consecutive years (2017-2021) from Finance Derivatives Awards and Best Broker Nigeria from Ultimate Fintech Awards. 


How safe is CMTrading?


CMTrading is overseen by 2 regulators, including the South Africa Financial Sector Conduct Authority (FSCA) as CMTRADING under registration number 2013/045335/07, and the Seychelles Financial Services Authority (FSA) as CMTRADING under Securities Dealer registration number 8425982-1 and under license number SDO70. CMTrading also has an internal and noncommercial payment processing agent called CMT Processing Ltd. that is based in Limassol, Cyprus. 


Also, all client funds deposited with CMTrading are held in segregated accounts at top-tier banks like Barclays Bank PLC (NYSE:PCS) and Nedbank Group. This ensures that client funds are used only for the client’s transactions and for no other purposes. All client information, the broker’s website and data centers are protected by secure sockets layer (SSL) certification, and the broker uses firewalls on both hardware and software to maximize your data protection and security.   



User Reviews

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