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CMTrading review and ratings

Established 2012
Location South Africa
Regulation FSCA
Offices Johannesburg
Broker type STP
Leverage up to 1:200
Deposit from 250 USD
Spreads mid  mid
Platforms Web MetaTrader 4 Specific Social Platform
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Neteller FasaPay UnionPay CashU

Company information

CMTrading is a forex broker located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).

Availability

CMTrading accepts clients from all over the world, excluding USA, most EU countries, Hong Kong, Israel and some third-world countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

45+ Currency Pairs Based on major and minor world currencies.
4 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin, Ripple.
15 Indice Futures Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
1 Metal Future Based on Copper.
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
4 Soft Futures Based on Coffee, Corn, Sugar and Wheat.
50+ Stock CFDs Based on shares of US companies.

Comprehensive review

CMTrading is a South Africa-based forex & CFD broker that is regulated by the South African Financial Sector Conduct Authority (FSCA) under the official business name Blackstone Marketing SA (PTY) LTD. Looking up the broker in FSCA’s database confirms that the company is authorized to offer financial services in South Africa.

South Africa is a well-known country for forex brokers, and many brokerages choose to incorporate there and use the country as their gateway to the larger African market. As forex & CFD trading has increased significantly in popularity across Africa, many of the South African brokers have also seen strong growth as a result.

As the well-established jurisdiction that South Africa is, regulated forex brokers there are generally considered reliable and safe to trade with, regardless of the country the trader is based in.

In terms of underlying assets available for trading, CMTrading offers a fairly good selection of close to 50 forex pairs, a pretty large selection of major equity indices, shares of more than 50 US-based companies, as well as a handful of commodity and crypto CFDs.

All assets offered by CMTrading can be traded via either the well-known MetaTrader 5 (MT5) platform or the Sirix WebTrader.

While the MT5 probably does not need an introduction here, the Sirix WebTrader is a lesser known trading platform in the forex trading community. In general, the platform is simple to use, has apps for both Apple and Android mobile devices, comes with integrated news feeds, and has relatively good charting capabilities. The WebTrader also comes with a social trading tool known as CopyKat, which makes the whole trading experience easy, even for beginners.

CMTrading offers its clients to sign up for four different types of trading accounts, all depending on the amount of money the client chooses to deposit. These deposit requirements range from USD 250-999 for the most basic Bronze Account, and goes all the way up to USD 50,000 and over for traders who want access to the broker’s Premium Account.

However, it should be noted that the difference between the various account types seem rather insignificant, with all trading accounts apparently getting the same “regular spread” and the same maximum leverage of 1:200.

Trading accounts can be funded with either bank wire transfers, credit & debit cards, as well as the e-wallets CashU, Neteller, and FasaPay. Although the broker does offer bitcoin and crypto trading, deposits and withdrawals in cryptocurrency is unfortunately not available.

CMTrading’s customer support is available via email, live chat, phone, and WhatsApp. In addition to the broker’s local South African support line, it also has local phone numbers for Canada, Malaysia, the UK, China, France, Mexico, Brazil, Saudi Arabia, Bahrain, and Russia.

In conclusion, we would say that CMTrading is a good choice for those interested in testing out copy trading on a different platform than what most of the bigger social trading brokers use. We also appreciate the pretty good selection of underlying assets the broker has for CFD trading, and in particular in terms of cryptocurrencies. One thing to note here is the bitcoin CFD with a leverage of up to 1:50, which is far higher than what is available at most other CFD brokers.

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