CM Trading Review 2026
A licensed kitchen with real, checkable paperwork.
CM Trading opened its doors in 2012 and cooks as a regulated CFD broker, carrying FSCA licence 38782.
What's on the menu
CM Trading has been serving since 2012, with the kitchen based in Johannesburg, South Africa. The firm is privately held. The order book runs deep: 300 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. A copy-trading table lets you mirror another trader's orders automatically, no recipe of your own required.
| Founded | 2012 |
| Headquarters | Johannesburg, South Africa |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | No, CFDs only |
Kitchen inspection: is CM Trading safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FSCA | 38782 ✓ | Global Capital Pty Ltd |
| FSA | SD053 ✓ | CM Trading Ltd |
Want to inspect the kitchen yourself? Pull up investingchef.com and look up the FSCA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
CM Trading - FSCA regulated, min deposit $250, 300+ instruments.
Ingredient costs: CM Trading spreads
Here is what the raw ingredients cost on a standard CM Trading account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 1.8 pips pips |
| GBP/USD | 2.1 pips pips |
| USD/JPY | 1.9 pips pips |
| Gold (XAU/USD) | 33c/oz |
| S&P 500 | 0.6pt |
That EUR/USD figure of 1.8 pips pips carries a bit more markup than the ECN-first kitchens, though it is normal fare for a table with no per-trade commission.
The bill: CM Trading withdrawal fee and timing
Cost to take money out: None. CM Trading does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at CM Trading depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Global Capital Pty Ltd | FSCA 38782 | $250 | 1:400 |
| CM Trading Ltd | FSA SD053 | $250 | 1:500 |
CM Trading vs TurboForex
| CM Trading | TurboForex | |
|---|---|---|
| Primary regulator | FSCA 38782 | FSA SD031 |
| Min deposit | $250 | $250 |
| EUR/USD spread | 1.8 pips pips | 1.5 pips |
| MetaTrader | Yes | Yes |
| Instruments | 300+ | 300+ |
| Copy trading | Yes | No |
| Withdrawal fee | None | Varies |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at CM Trading if you value copy trading and following other traders. TurboForex plates up better for anyone who leans on leaner spreads.
The licences, line by line
| FSCA | 38782, Global Capital Pty Ltd |
| FSA | SD053, CM Trading Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:400 on the major forex pairs. The offshore entity will pour up to 1:500, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- FSCA regulated
- MetaTrader 4 and 5 available
- Copy trading available
Sent back
- No tier-1 regulator (FCA/ASIC/CySEC), offshore entity only
- No real stock ownership, CFDs only
- Inactivity fee: $10/month after 3 months
- Higher minimum deposit of $250
Compare CM Trading before you commit
4.0/5 rating - FSCA regulated - min deposit $250
The verdict
Nothing on the plate here is fake: CM Trading is a genuine, regulated broker, and FSCA licence 38782 checks out on the public register. The table is set best for social traders who like to follow the chef. We rate it 4.0 out of 5.
Other tables worth a look
If CM Trading is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is CM Trading safe?
The Seychelles FSA is an offshore regulator. The kitchen holds FSCA licence 38782, and you can confirm it for yourself on the official register.
What is the CM Trading minimum deposit?
The cover charge is $250 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the CM Trading EUR/USD spread?
On a standard CM Trading account the EUR/USD ingredient runs about 1.8 pips pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does CM Trading take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does CM Trading charge withdrawal fees?
None. CM Trading does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does CM Trading have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.