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The WikiFX Score of this broker is reduced because of too many complaints!

CM Trading

South Africa | 5-10 years |
Regulated in Seychelles | Retail Forex License | Suspicious Overrun | High potential risk | Offshore Regulated

https://www.cmtrading.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Slovakia 4.00
Surpassed 15.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 10 157 19 89
support@cmtrading.com
https://www.cmtrading.com/
Block B, No. 6, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles
The WikiFX Score of this broker is reduced because of too many complaints!
Keywords 6
5-10 years
Regulated in Seychelles
Retail Forex License
Suspicious Overrun
High potential risk
Offshore Regulated
Warning: Low score, please stay away!
2025-06-16
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
5

Basic Information

Registered Region
South Africa
Operating Period
5-10 years
Company Name
CMT Processing Limited
Abbreviation
CM Trading
Company employee
--
Customer Service Email Address
support@cmtrading.com
Contact Number
+27101571989
Company address
Block B, No. 6, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles

FX2108217575

Unverified

Nigeria

I traded with cmtrading and withdrew little moneys but when I deposited huge fund cmtrading refused to process my withdrawal accessing me that they mistaken send fund to my account which I didn't see because my address changes. norther have refused to pay me my money because of the false account they refused to give me my money. They also closes my trade unauthorized to blow my account I complained . I was trading with another broker before Caesar from Cmtrading persuaded me to use their broker. After reading bad and scam review i refused but he persisted which I later agreed now I'm a victim of the scam. they refused to give me my money. everything about cmtrading is terrible even their license is exceeded. they open and close trades in my account. cmtrading give me my money.

Exposure

2023-10-20

emine

Unverified

Turkey

I can not withdraw $4500 from my CMtrading account ID: 140976643. Can you please help? All documents are attached. The institution where I live in January is cheating on me with different excuses. I want to withdraw my deposit.

Exposure

2023-06-08

emine

Unverified

Turkey

140976643 Emine cunedioglu cm trading I can't withdraw money from my account please help.

Exposure

2023-05-24

Germer

Unverified

Hong Kong

CM Trading, man, they've got a solid selection of market instruments that really cover all the bases. And their customer support? Oh, it's top-notch, always quick to respond and helpful.

Positive

2024-07-23

Cornelius Sinclaira

Unverified

South Africa

CM Trading got me on the fence. The suspicion around the South Africa FSCA regulation being a clone raises serious doubts about their legitimacy. Offshore regulations come with their own set of risks, and the lack of specific spread details is a letdown. I've heard withdrawal processing times can be a bit unpredictable. It's a mixed bag.

Neutral

2023-12-06

Thaddeus Montgomery

Unverified

Peru

CM Trading has been my go-to broker for diverse trading options. The range of market instruments, including forex, CFDs, and cryptocurrencies, gives me plenty of opportunities to explore. The multiple account types suit different needs, and the Islamic accounts show they're inclusive. The high leverage of 400:1 is a game-changer for potential profits. I love the MetaTrader 4 platform for its user-friendly interface, and the educational resources, like training videos and webinars, have been super helpful.

Neutral

2023-12-05

ahmetcnd

Unverified

Turkey

140976667 Ahmet cuneydioğlu Cm Trading cant withdraw money from my account. The broker called cmtrading.com doesn't withdraw the profits I earn by staying in front of the screen day and night with great effort. Im under a lot of stress bcz they didn't deposit mu money and I cant even sleep at night. Please get back to this mistakes you made

Exposure

2023-05-24

FX1258668766

Unverified

Nigeria

Since I registered on CM Trading three months ago, I have had a great trading experience owing to the tools and education they offer. None of my queries has gone without being answered. The customer support team is pretty swift.

Positive

2023-02-23

王1753

Unverified

South Africa

Actually I used Copykat platform but was not tough well on how to stop copying when there is incurring losses. I do think CMTrading should have much time in advising their clients on when and how profits/losses are read and can be minimized.

Neutral

2023-02-16

MendE

Unverified

Turkey

This is my first time investing in this company. I traded and made a profit for the first time I withdraw 600 usd. Sent 3 days later. I then continued trading and made some more profits. I wanted to withdraw 2000 usd more. The money hasn't come for exactly 1 week, and my total of 4470 usd money is kept in my account at the company. Do not invest money in this company until you are sure. I will also initiate the necessary complaints to the relevant languages. my meta trade number is 140905106

Exposure

2023-01-30

Bennie_de_divine

Unverified

Nigeria

I was charged $77 for withdrawing $552, like what on earth is that? that's pretty crazy.

Exposure

2023-01-12

Hamzah Shahrin

Unverified

Hong Kong

I had a pleasant trading experience with CM trading, they are very professional, and their trading conditions are quite good, stable, I made some profits on this platform, and the only one problem I am not that satisfied is their low withdrawal processing time…

Neutral

2022-11-23

spunky

Unverified

South Africa

I deposited money to numerous account, what is shocking me is that they telling me that they can't transfer my profit because I got insufficient balance in my account, to my surprise, how they know that? I gave them my account to deposit money into it also they wanted my email address which I gave them, now they telling me to deposit into my account another R500 so that my profit could reflect, how is that possible? I already deposited R2000 into 3 separate account. Kindly explain and help me in this regard

Exposure

2022-08-25

Mayaz Ahmad

Unverified

Bangladesh

A client has reported that he has been scammed by an employee of this broker.

Exposure

2021-07-28

14
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Creatives

Website

Most visited countries/areas
Lesotho
cmtrading.com
104.22.76.219
Server Location
United States
ICP registration
--
Most visited countries/areas
Lesotho
Domain Effective Date
2002-05-22
Website
WHOIS.FABULOUS.COM
Company
FABULOUS.COM PTY LTD.

Genealogy

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Relevant Enterprises

GCMT LIMITED nonprofit(United Kingdom)
Active
United Kingdom
Registration No.
14568647
Established
2023-01-03
CMT PROCESSING LIMITED(Cyprus)
Active
Cyprus
Registration No.
HE340325
Established
2018-09-19

Company Summary

CM TradingReview Summary
Founded2002
Registered Country/RegionSouth Africa
RegulationFSA (offshore) and FSCA (suspicious clone)
Market InstrumentsForex, currencies, CFDs, commodities, indices, stocks, and cryptocurrencies
Demo Account/
Leverage/
SpreadLow as 1.9 pips
Trading PlatformMT4, Webtrader, CMTrading
Minimum Deposit$20
Customer SupportPhone: +44 161 388 3321
Email: support@cmtrading.com
Adress: 14th Floor Sandton City Office Towers, 158 5th St, Sandton, 2196, South Africa

CM Trading Information

CM Trading was established in 2002 and is offshore regulated by the Seychelles Financial Services Authority (FSA) and holds a suspicious clone license issued by the Financial Sector Conduct Authority (FSCA) of South Africa. It offers a variety of trading instruments including forex, CFDs, and cryptocurrencies. The platform supports multiple deposit and withdrawal methods, with a minimum deposit of $20, and provides five account types along with interest-free Islamic accounts. However, it does not offer the MT5 platform and lacks a demo account.

CM Trading Information

Pros and Cons

ProsCons
No commission feesOffshore regulation risks
No deposit feesSuspicious clone license
Long operational historyDemo account not available
MT4 availableNo MT5 offered
Various trading instrumentsLack of transparency
Offers five account types
Various payment options

Is CM Trading Legit ?

CM Trading is offshore regulated by the Seychelles Financial Services Authority (FSA) and is also registered with the Financial Sector Conduct Authority (FSCA) of South Africa, holding a Financial Services Provider license.

Regulated byRegulatory StatusLicensed InstitutionLicensed TypeLicensed Number
Seychelles Financial Services Authority (FSA)Offshore regulatedGCMT LimitedRetail Forex LicenseSD070
Financial Sector Conduct Authority (FSCA)Suspicious cloneBLACKSTONE MARKETING SA (PTY) LTDFinancial Service Corporate38782
license
license

What Can I Trade on CM Trading?

CM Trading offers seven types of trading instruments, including forex, currencies, CFDs, commodities, indices, stocks, and cryptocurrencies.

Tradable InstrumentsSupported
CFDs
Commodities
Forex
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs
assets

Account Type

CM Trading offers five account types: Basic Account, Trader Account, Gold Account, Premium Account, and VIP Club. In addition, CM Trading also offers interest-free Islamic accounts.

Account TypeMinimum DepositBonusCommissionSpreads
Basic Account$299+$1000Regular
Trader Account$2,000+$5000Plus
Gold Account$20,000+$8,0000Low as 1.9 pips
Premium Account$85,000+$40,0000Low as 1.9 pips
VIP Club$250,000+$150,0000Low as 1.9 pips
Account Type

Trading Platform

CM Trading offers three trading platforms: MetaTrader 4 (MT4), CMTrading Webtrader, and CMTrading Trading Platforms.

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 4 (MT4)Windows, Mac, Android, iOSBeginners
CMTrading WebtraderWindows, Mac, iOS, Web Browsers/
CMTrading Trading PlatformsWindows, Mac, iOS, Web Browsers/
MT5/Experienced traders
Trading Platform
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

CM Trading supports multiple deposit methods including credit/debit cards, bank transfers (Standard ZAR and NedBank ZAR), cryptocurrency payments, and various e-wallets such as Skrill, EFTPay, Neteller, Perfect Money, and Google Pay. All deposits have a minimum amount of $20 and are mostly processed instantly, except bank transfers which take 1–3 business days.

Withdrawals of the original deposited funds must be made via the same method used for deposit, with amounts limited to the original deposit. Profits can be withdrawn via bank wire transfer, e-wallets, or cryptocurrency, but not through credit or debit cards.

Deposit MethodMinimum DepositFeesProcessing Time
Cryptocurrencies$20Instant
Skrill$20Instant
EFTPay$20Instant
Neteller$20Instant
Perfect Money$20Instant
Google Pay$20Instant
Standard ZAR$201 to 3 business days
NedBank ZAR$201 to 3 business days
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Regulated in Seychelles
  • Retail Forex License
  • Suspicious Overrun
  • High potential risk
  • Offshore Regulated

News

WikiFX Broker Assessment Series| CM Trading: Scam or Safe?

News WikiFX Broker Assessment Series| CM Trading: Scam or Safe?

CM Trading is a South Africa based broker that provides wide variety of market instruments such as forex, CFDs, commodities, indices, stocks, and cryptocurrencies. In today's article, you will read a complete review of CM trading and learn everything about it. Let's go .

2023-11-14 19:13

The experienced trader tried CM Trading and ended up having a nightmare.

Exposure The experienced trader tried CM Trading and ended up having a nightmare.

This article sheds light on the alarming experiences of a trader who encountered CM Trading.

2023-10-31 16:59

WIKIFX REPORT: How online trading can beat fuel price hikes and inflation – CMTrading

News WIKIFX REPORT: How online trading can beat fuel price hikes and inflation – CMTrading

Online trading is booming. Despite market conditions during the first half of 2022, there’s never been a better time to get involved with the financial markets.

2022-08-18 15:06

WIKIFX REPORT: CMTrading opens new Abuja office

News WIKIFX REPORT: CMTrading opens new Abuja office

Lagos, 31 May 2022 – CMTrading Nigeria, recent winner of Nigeria's Best Financial Broker, is expanding its Nigerian footprint and opening a new office in the Nigerian capital, Abuja.

2022-08-18 15:02

An Expert Offers His Top 10 Suggestions for Effective Forex Trading

News An Expert Offers His Top 10 Suggestions for Effective Forex Trading

Fred Razak, Chief Trading Strategist from CMTrading, has been trading on the financial markets for well over 20 years. And as Africa’s largest brokerage celebrates its 10th anniversary, Razak shares some of his top tips for aspiring traders.

2022-08-16 18:31

WikiFX report: SA’s largest online broker expands footprint in Africa

News WikiFX report: SA’s largest online broker expands footprint in Africa

CMTrading, South Africa’s largest online broker and a leader in the international markets, has opened up an office in Lagos, Nigeria.

2022-04-25 16:11

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