CM Trading Review 2026
The full CM Trading write-up for Kenya traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Kenya
| Regulator | FSCA, Financial Sector Conduct Authority (FSCA) |
| Licence Number | 38782 |
| Regulated Entity | Global Capital Pty Ltd |
| Max Leverage (Forex) | 1:400 |
| Minimum Deposit | $250 |
| EUR/USD Spread | From 1.8 pips |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 3 months |
| Verify on FSCA register → | 38782 |
Verdict
Cooks under FSCA (licence 38782). Cover charge $250. In Kenya, forex leverage is capped at 1:400.
About CM Trading
CM Trading opened its doors in 2012 out of a kitchen in Johannesburg, South Africa. Its menu runs to 300 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Global Capital Pty Ltd under FSCA.
In Kenya, CM Trading serves as Global Capital Pty Ltd, cleared by FSCA under licence number 38782. Under FSCA house rules, Kenya traders are poured no more than 1:400 leverage on forex pairs.
Trading Platforms
Pros
- FSCA regulated, licence 38782
- 300+ instruments to trade
- Negative balance protection in Kenya
- Platforms: MT4, MT5
- Copy trading available
- Established in 2012, over a decade in the market
Cons
- Inactivity fee: USD10/month after 3 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is CM Trading regulated?
Yes. CM Trading is authorised by FSCA, issued to the entity Global Capital Pty Ltd, an authorisation you can look up for yourself on the official FSCA public register.
What is the minimum deposit for CM Trading in Kenya?
The cover charge is $250, the smallest amount Kenya traders need to open a live account with CM Trading under FSCA rules.
What leverage does CM Trading offer in Kenya?
In Kenya, FSCA rules cap CM Trading at 1:400 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is CM Trading safe to trade with?
The kitchen passes inspection: CM Trading cooks under FSCA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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