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CM Trading review

Trade crypto, CFDs, forex and more with CM Trading.

CM Trading is a South African broker that allows clients to trade currencies, commodities, CFDs and more.

In this review, we’ll take a look at the platforms, features and fees of a CM Trading account, to help you decide if it’s the right investment account for you.

What is CM Trading?

Founded in 2012, CM Trading is a Johannesburg-based online broker, a subsidiary of Global Capital Markets Trading LTD. As one of the largest trading platforms in South Africa, CM Trading stands out with its suite of unique features including social trading, FOREX education and customisable web-based platforms.

Compare CM Trading as an online broker

Name Product Number of Stocks CFDs Shares Available Markets
CM Trading
N/A
Yes
No
US, FR, DE, UK, AU, ZA, CH. HK, JP, ES, NL, IT
CFD Service. Your capital is at risk.
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CM Trading Features

With a trading account from CM Trading, you can trade a huge range of financial products including over 50 different major currency pairs. You can choose from four types of accounts, each requiring a minimum account value ranging from $250 for a Bronze account to $100,000 for a Premium account.

Here’s a list of features you can expect to enjoy when you sign up for CM Trading.

  • Easy-to-use interfaces. To access your account, you can use the two popular FOREX trading platforms: MetaTrader 4 or Sirix Web. With both platforms, you can modify the charting, toolbars and widgets to suit your needs.
  • Sophisticated charting. You can predict market movements with over 60 pre-installed technical indicators, from Bollinger Bands to AI-detected Trend Lines. >
  • Seamless orders. Besides an immense variety of advanced order types, CM Trading offers custom-made automatic trading strategies to carry out hedging or scalping trades, right from the charts.
  • Competitive bid-ask spreads. Enjoy competitive spreads at upwards of 0.9 for currencies and just 0.2 for cryptocurrencies like Bitcoin.
  • Variety in trading assets. Exotics, major indices, CFDs and cryptocurrencies are just some of the global assets that you can buy and sell.
  • Top-notch customer service. Higher-tier account holders can access a personal assistant or trading specialists who will directly address your questions.
  • Social Trading. With CM Trading, you can directly trade the moves made by any other investor on the platform, which can serve as a guardrail if you’re new to the market.
  • Leverage. You can enjoy leverage of up to 1:200, which magnifies the gains on your trades with lower committed capital.
  • Free Demo Account. If you’re curious about the trading interfaces, you can try a free demo account with CM Trading for as long as you want, whenever you need.

CFD trading with CM Trading

Important: Trading CFDs on leverage comes with a high risk of losing money rapidly and may not be suitable for all investors. Losses can exceed your deposits. Ensure you fully understand the risks before trading.

CFDs are complex investment instruments that require you to take on a much higher risk. That’s because CFDs involve speculation instead of owning positions. If you’re a new investor, you’re typically discouraged from using CFDs as it is a tool for more experienced traders. Remember, you should only invest as much as you are willing to lose—especially so for CFDs.

CM Trading allows you to trade CFDs on currency pairs, precious metals, indices and shares amongst other assets. While stock spreads start at 0.1, FTSE spreads are approximately 35. You can find more information about CFD trading with CM Trading by visiting their website and reading up on the specific CFD asset you’re interested in.

Is CM Trading safe?

Yes. CM Trading is regulated by South Africa’s Financial Sector Conduct Authority (FSCA) and is licensed to operate as an online trading platform. Here are the other security measures put in place by CM Trading to help you keep your money safe.

  • SSL and 128-bit Key Encryption. All transaction data is encrypted based on 128-bit keys and transmitted over a secure network thanks to SSL certification. This prevents unauthorised people from reading your transaction data.
  • Extended Authentication. By enabling extended authentication, you can ensure that you’re logging in to your trading account through the right server and limit any unauthorised access to your account.
  • Segregated Accounts. Like most other brokers, CM Trading also holds separate accounts for the company’s finances and client capital, avoiding the situation of someone tampering with your finances.

CM Trading fees and charges

Fee typeCost
Basic accountNone
Deposit fee2%
Withdrawal fee2%
Monthly Inactivity feeUS$15

Do note that you will incur rollover charges for holding leveraged positions overnight. The actual charges will vary according to the amount of leverage you’re using, the instrument you’re trading and the size of your trade. We advise you to get in touch with CM Trading for a specific quote of how much you could end up paying.

How to sign up

To sign up, you’ll only need a few minutes of your time. Here are the steps that you should to follow.

  • Visit the CM Trading website and click on the button labelled “Open Account”.
  • Fill out the form provided with your personal information. You’ll need to provide details such as your employment status and address.
  • Choose your preferred account type, whether it’s a Demo account or a Live Trading account.
  • Accept the terms and conditions offered to finish registering your account.
  • Transfer the minimum deposit amount for your account type to start trading securities.

Pros and Cons of CM Trading

Pros

  • Wide range of investment options
  • Intuitive trading interfaces
  • A regulated and safe platform
  • Social trading features

Cons

  • Above-market spreads
  • High transaction fees
  • Limited leverage of just 1:200

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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