CM Trading

CM Trading

Forex Broker

  • Company name: Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)
  • Founded: 2013
  • Offices: South Africa,Seychelles
  • Regulators: FSCA No.38782
  • Broker type: Market Maker

Trading info

  • Min. Deposit: £250
  • Leverage: 200:1
  • Min. Spread: 1.5 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard,Skrill, CashU
  • Currency pairs: 47

Trading platform

  • Platform: MetaTrader4, Sirix
  • Web based: Yes
  • Mobile: Yes

Open Account

8.1 FXScouts
User Rating 9 (1 vote)
  • FSCA Regulated (FSP 38782)
  • 20% first deposit bonus
  • MT4 & Sirix trading platforms
  • 4 account types with optional swap-free options
  • Underwelming educational material
  • Wide spreads on the mini account
CM Trading, a brand of Blackstone Marketing SA, was founded in 2012 as a purely South African broker regulated by the South African FSCA. In 2017 CM Trading won Best Performing Broker in Africa (African Investor) which was seen as industry recognition for the quality of the organization. CM Trading supports for MetaTrader4, mobile phone apps, a copycat which system allows users to follow and copy professional traders, both live and demo accounts and segregated bank accounts that keep client trading funds safe.
Account Types8
Client Support & Onboarding7.5
Free Services8
Deposit & Withdrawal9

Is CM Trading Safe?

Blackstone Marketing SA has been regulated by the FSCA (FSP 38782) since 07/04/2009, and the CM Trading brand has been in operation since 2012 building a substantial reputation in the South African market.

Winning the Best Broker 2018: Africa award (African Investor) for quality and innovation at the brokerage was a significant sign from the African investor community and helped ensure CM Trading as one of the continents top brokerages.

Client funds are deposited in segregated accounts according to regulations and then enforced through annual audits by the FSCA.  With South African local regulation, respect for client funds and industry recognition CM Trading is a safe brokerage to trade with.

CM Trading for Beginners

Good beginner brokers make it easy to get started and understand the primary tools used in trading. CM Trading is not your ideal beginner Forex broker, but should FSCA regulation and local presence be important to you, it is worth giving CM Trading an extra look.

Educational Material

The educational material offered by CM Trading has a more considerable breadth than most. In addition to videos and articles, and an e-book, they also provide detailed instructions on how to download and develop strategies using MT4’s powerful expert advisor.

CM Trading offers several courses, videos, and webinars that target the novice trader. With a full library of training videos and webinars available monthly, a beginner will find an immediate advantage of being a member of CM Trading. Lessons in technical and fundamental analysis support more advanced learning and trade planning which is important for success as a trader. More advanced sections on EAs to use with the MT4 platform is one of the two options available for automated trading.

The video chart analysis they provide is helpful to both novice and expert traders. The video chart analysis feature differs from many brokers that offer technical analysis reports only in written format.

Analysis Material

CM Trading offers six specific analysis categories including technical analysis, fundamental analysis (economic calendar), social trading, guardian angel, a daily analysis report and forex signals. The standouts include social trading, which is a forum where you can track the trades of others and trade alongside those who have successful track records.

While automated trading is no replacement for actual trading, they can give beginners insight on how to enter and exit trades by presenting examples in a demo account environment.

Customer Support

One-on-one training is available to larger depositors, and a 24-hour, five days a week customer support department is open. CM Trading provides 11-different international telephone numbers, as well as a fax number.

On their “contact us” page they have several different emails that are geared to either customer services, trading or finance. Besides, CM Trading has a “chat” button, that provides you with the capability to chat directly with a representative. Also, they provide MT4 support, to help beginner traders get started.

Trading Conditions

CM Trading offers different account types that offer different spreads to clients.  Deposits and withdrawals are seamless as access to funds are central to the trust component of a brokerage.  CM Trading offers deposit bonuses to traders depositing over 250 USD as an opening amount.

Accounts Types

CM Trading has 4-different account types, mini, classic, executive and premium, which are based on the size of your account. The larger the account size, the more options that are available. Every account has access to a demonstration account, which expires within a month but has unlimited demo currency.

All accounts have access to daily and weekly market reviews, as well as leverage that is 200-1. The premium account offers 3-risk free trades (2- for the executive and 1- for the classic), as well as same day withdrawals which is not offered to the lowered tear accounts.

All active and funded trading accounts get free signals.  They are delivered via the website, as well as in a daily morning review, and urgent signals are sent via SMS.  This service is excellent if you are a beginner and you are not yet comfortable with doing your own technical analysis.

CM Trading Account Types

Spreads and Commissions

The bid/offer spreads become more competitive as the account size grows. The spreads available on the mini and classic account are in line with other reputable brokers. For “Mini” and “Classic” accounts, spreads on major currency pairs average between 2 to 3 pips. The higher tier accounts provide spreads as low as 1-pip on major currency pairs.

While the spreads for the mini account are fixed, the spreads for the larger accounts become tighter and more competitive floating spreads.  This is where CM Trading starts to compete with the banks to get you the best deals.


With a 20% bonus for new clients, free signals, and reasonable trading conditions we believe you will have a good South African trading experience with CM Trading.

Deposits and Withdrawal Fees

CM Trading simplifies deposits and withdrawals by using a wide range of methods. They accept all major credit and debit cards as well as wire and bank transfers. CashU, Neteller, and Fasapay. Withdrawals are processed quickly if internationally identity documentation is in place. For premium accounts, they offer same day withdrawals, which is not found at many other brokers.

CM Trading Platforms

CM Trading offers a customized version of the popular Meta Trader 4 platform which has become the benchmark brand for forex and CFD trading platforms.  CM Trading also offers CopyKat, a social trading platform that allows you to watch professional traders’ deals and copy them. The system is an easy-to-use and supports one-click trade that lets you learn easily from others.

CM Trading even offers a “Guardian Angel” service, which provides support and direct messages concerning market trends and other information that can assist with trading.

CM Trading Mobile Apps

In addition to the downloadable MT4 platform, CM Trading offers a web-based platform driven by Sirix, that can be used on smartphones and tablets. CM Trading also offers a mobile trading platform driven by MT4.

Compare CM Trading

CM Trading Vs. XM

 CM TradingXM
FundingBank wire, Visa/Mastercard,Skrill, CashUBank wire, Visa/Mastercard, Skrill , Neteller
RegulatedFSCA No.38782EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypeMarket MakerMarket Maker
Currency Pairs4755+
Minimum Spread1.5 pips0.0 pips
Minimum Deposit£250£5
Max Leverage200:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit CM TradingVisit XM

CM Trading Vs. FXTM

 CM TradingFXTM
FundingBank wire, Visa/Mastercard,Skrill, CashUBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more
RegulatedFSCA No.38782FSCA No.46614, FCA, CySEC, IFSC
Broker TypeMarket MakerECN/STP
Currency Pairs4759
Minimum Spread1.5 pips0.1 pips
Minimum Deposit£250£5
Max Leverage200:1Flexible
Expert ReviewRead reviewRead review
Visit WebsiteVisit CM TradingVisit FXTM

Evaluation Process

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the CM Trading offer. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

CM Trading Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients.  CM Trading would like you to know that:  Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.


CM Trading is a traditional FSCA-regulated market maker broker focused on its South African client base. They have established themselves, and are today, as an award-winning, trusted brand in the African forex industry

The platform offering centres around MT4 which is advantageous to the experienced trader and offers a downloadable as well as a mobile platform. The spreads are in line with competitors, but if you are trading an account above 25K, you qualify for exceptionally tight spreads.

CM Trading checks all the boxes as a trustworthy, technology savvy broker, that provides superior trading tools, and liquidity with your funds.


Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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