| Min. Deposit | USD 250 |
| Max. Leverage | 200:1 |
| Min. Spread | 1.5 pips |
| Regulators | FSCA |
| Regulator Origin |
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| Broker Type | Market Maker |
Most retail CFD accounts lose money. Your capital is at risk.
CM Trading forex broker has its headquarters in Johannesburg, South Africa. It also has other satellite offices in Seychelles, Victoria and Mahe. It is a complete market maker type of a broker.CMTrading is a good choice for all kinds of forex traders, and because they are an up-and-coming player in the emerging markets, they are more willing to invest time into you as their customer.
If you are a scalper, the best accounts are the Executive and Gold accounts due to their tight and competitive spreads respectively. CM has an automated mirroring system and does allow for social trading. You should have a minimum of $250 to open the most basic CMTrading account, but this has benefits of 1-on-1 training and access to the full platform.
| Trust Rating | |
| Trading Conditions | |
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| Deposit & Withdrawal | |
| Education & Research | |
| Assets Available | |
| Customer Service | |
| Bonuses | $25 No Deposit Bonus |
| Beginner Friendly | Standard |
| Our Review Process |
| Minimum Deposit | USD 250 |
| Base currencies | EUR, USD |
| Number of FX Pairs | 47 |
| Hedging Allowed | Yes |
| Scalping | Yes |
| Swap-Free Accounts | Yes |
| EUR / USD | 1.5 |
| GBP / USD | 2.6 |
| USD / JPY | 1.7 |
| Company name | Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA) |
| Founded | 2013 |
| Website | Visit Website |
| Type | Market Maker |
| Regulators | FSCA |
| Office locations | South Africa, Mauritius, Israel |
Having been founded in South Africa, it was first registered with the Financial Sector Conduct Authority (FSCA). However, it is also registered with other commissions in the various countries in which it operates. CMTrading is licensed by the Securities Commission Malaysia so as to allow it to operate in Malaysia.
CMTrading offers both real and demo accounts – there are four types of real accounts from which a retail forex trader can choose to open depending on the deposit amount, and has different features or spreads. The four real accounts are mini account, standard account, executive account and Gold account. Every type of a real account has its own unique features:
| Min. Deposit | Max. Leverage | Min. Spread | Commission | ||
|---|---|---|---|---|---|
| Bronze | USD 250 | 30:1 | 1.5 pips | None | Account Details |
| Gold | USD 10000 | 30:1 | Not Published pips | None | Account Details |
| Premium | USD 25000 | 30:1 | Not Published pips | None | Account Details |
| Silver | USD 1000 | 30:1 | Not Published pips | None | Account Details |
CMTrading allows the use of a variety of money transaction methods in depositing money to and withdrawing money from the trader’s CMTrading account including credit cards, debit cards, Skrill (Moneybookers) and bank wire transfers.
CMTrading has a standard variety of trading platforms to cater to the needs of traders. These trading platforms include MetaTrader 4, Tablet Trader (which is a mobile-optimized website trading platform), Sirix WebTrader and MT4 App for mobile devices.
As a note, the Sirix Web Trader allows traders to copy other traders’ trades while the MT4 mobile app is actually available for both iPhones and Android-operated smartphones.
Most retail CFD accounts lose money. Your capital is at risk.
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| Overall Rating | |||
| Minimum Deposit | USD 250 | USD 100 | USD 200 |
| Regulation |
FSCA
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CySEC
ASIC
FSCA
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CySEC
FCA
ASIC
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| Broker Type | Market Maker | Market Maker | Market Maker |
| Trading Instruments | Commodities, Cryptocurrencies, Forex | Commodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, Blends | Commodities, Cryptocurrencies, Forex, Indicies, Equities |
| Forex Pairs | 47 | 50+ | 47 |
| Crypto Pairs | 4 | 6 | 16 |
| Read Full Review | Read Full Review | ||
| Trust Rating | |||
| Trading Conditions | |||
| Trading Platforms | |||
| Deposit & Withdrawal | |||
| Education & Research | |||
| Assets Available | |||
| Customer Service | |||
| % Lose with this broker | 73% of retail investor accounts lose money when trading CFDs with this provider | 76.60% of retail investor accounts lose money when trading CFDs with this provider | 76% of retail investor accounts lose money when trading CFDs with this provider |
| Leverage | 200:1 | 300:1 | 400:1 |
| Spread | 1.5 pips | 0.9 pips | 2.0 pips |
| Hedging | Yes | Yes | Yes |
| Scalping | Yes | Yes | No |
| Account Types |
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| Swap Free | Yes | Yes | Yes |
| Trading Platforms | MetaTrader4, WebTrader, Sirix | MetaTrader4, MetaTrader5, WebTrader | etoro |
| Funding Methods | CashU, Bank Transfer, Neteller, Fasapay | Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal | Visa, Mastercard, Neteller, Unionpay |
| Trading Commission |
| Clear all brokers |
CM tradingVisit Website |
Markets.comVisit Website |
eToroVisit Website |
|---|---|---|---|
| Overall Rating | |||
| Min. Deposit | USD 250 | USD 100 | USD 200 |
| Regulation |
FSCA
|
CySEC
ASIC
FSCA
|
CySEC
FCA
ASIC
|
| Broker Type | Market Maker | Market Maker | Market Maker |
| Read Full Review | Read Full Review | Read Full Review | |
| Trust Rating | |||
| Trading Conditions | |||
| Trading Platforms | |||
| Deposit & Withdrawal | |||
| Education & Research | |||
| Assets Available | |||
| Customer Service | |||
| Risk Disclaimer | 73% of retail investor accounts lose money when trading CFDs with this provider | 76.60% of retail investor accounts lose money when trading CFDs with this provider | 76% of retail investor accounts lose money when trading CFDs with this provider |
| Leverage | 200:1 | 300:1 | 400:1 |
| Spread | 1.5 pips | 0.9 pips | 2.0 pips |
| Hedging Allowed | Yes Yes | Yes Yes | Yes Yes |
| Scalping Allowed | Yes Yes | Yes Yes | No No |
| Platforms | MetaTrader4, WebTrader, Sirix | MetaTrader4, MetaTrader5, WebTrader | etoro |
| Funding | CashU, Bank Transfer, Neteller, Fasapay | Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal | Visa, Mastercard, Neteller, Unionpay |
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Most retail CFD accounts lose money. Your capital is at risk.
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