Yes, CM Trading offers 4 options in live accounts. These are classified as the Bronze Account, Silver Account, Gold Account, and Premium Account. Each account also has a swap-free Islamic account version on all account types for Muslim traders.
A Quick Overview of our CM Trading Account types Review:
- ☑️Overview
- ☑️CMTrading Account Types
- ☑️How to Open a CMTrading Account – Step-by-Step Guide
- ☑️CMTrading At a Glance
- ☑️CMTrading Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- CMTrading is a well-known online platform that has gained popularity among South African traders.
- CMTrading was founded to deliver a full trading experience for beginner and seasoned traders in the volatile world of forex, cryptocurrencies, and other financial instruments.
- One of CMTrading's distinguishing qualities is its user-friendly design, which simplifies the trading process for beginners while providing advanced capabilities for expert traders.
- This balance guarantees that the platform is usable by diverse users, regardless of trading experience.
CMTrading Account Types
- CMTrading offers a range of account types tailored to suit various trading preferences and experience levels.
- The Basic Account, requiring a minimum deposit of $250, provides access to essential trading tools and educational resources.
- The Trader Account, with a minimum deposit of $2,000, includes additional features such as one-on-one platform training and trading signals.
- The Gold Account, starting at $20,000, offers tighter spreads and dedicated market analysis.
Bronze Account
- Beginners should opt for the Bronze Account as their first choice because it serves as the entry-level offering.
- Access to basic trading features, including webinars and daily market analysis, comes with a level of minimum deposit at the Bronze Account.
- The account provides minimal premium features because it does not include individual training sessions or sophisticated trading instruments.
Silver Account
- The Silver Account provides traders with tighter spreads, together with risk-free trading opportunities and enhanced educational materials.
- Traders who seek additional mentoring combined with enhanced trading circumstances should choose the Silver Account.
Gold Account
- The Gold account is designed for skilled traders who want to increase their trading capabilities.
- This type of account provides traders with benefits such as better spreads, quicker trade execution time, exclusive access to cashback rebates, and additional advanced tools.
Premium Account
- CM Trading's Premium account is designed for professional and institutional traders seeking the highest service tier.
- This top-end account boasts exclusive features, including customized trading conditions, tailored services such as personalized trading strategies, and a dedicated trade room to provide premium comfort while you work towards your goals.
Demo Account
- Opening an account with CMTrading is a simple process that allows South African traders to prepare for trading in just a few minutes.
- However, it is essential to remember that opening a demo account necessitates the first opening of a genuine account, which may frustrate some traders.
- This technique differs from the standard practice of most brokers and may not be the best solution for beginners who like to practice risk-free trading before committing to a real account.
- However, CMTrading offers a pre-funded demo account with USD 10,000, and traders can request more virtual cash directly from CMTrading if necessary.
Islamic Account
- Islamic Accounts offered by CMTrading completely adhere to the tenets of Shariah law and Islamic finance.
- These accounts are specifically tailored to meet the requirements of Muslim clientele in South Africa.
- Specialized accounts, alternatively referred to as swap-free accounts, comply with the core principles of Islamic finance by excluding swap charges and residual interest associated with overnight positions.
- CMTrading's Islamic Accounts are distinguished by their rigorous adherence to approved and Shariah-compliant financial instruments.
| 🔎 Account Type | 💶Investment Min | 📉 Spreads | 💳Bonus Potential | 🖺Features |
| 🥇 Basic | $250+ | Regular | Up to $100 | Daily reviews, eBooks, Online Education |
| 🥈Trader | $2,000+ | Plus | Up to $500 | 1-on-1 Zoom training, Trading Central signals |
| 🥉 Gold | $20,000+ | From 1.9 pips | Up to $8,000 | 3 Risk-Free Trades, Dedicated Analyst |
| 🏅 Premium | $85,000+ | Tight | Up to $40,000 | ECN access, Personalized seminars |
| 🥇VIP Club | $250,000+ | Raw/Lowest | Up to $150,000 | Face-to-face with founder, 9% annual interest |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
What account types does CMTrading offer?
CMTrading provides several account options tailored to different trading needs, including Basic, Trader, Gold, Premium, and VIP Club accounts. Each type offers unique features such as educational resources, trading signals, tighter spreads, personal seminars, and exclusive VIP benefits.
Are there Islamic account options available?
Yes, CMTrading offers Islamic Accounts that comply with Sharia law. These accounts provide swap-free trading conditions, allowing Muslim traders to participate in forex and CFD trading without paying or receiving interest, while still accessing the broker’s tools and support.
How to Open a CMTrading Account – Step-by-Step Guide
- To open an account with CMTrading, South Africans can follow these steps:
[video width="1920" height="1080" mp4="/storage/images/2023/12/How-to-CM-Trading-.mp4"][/video]
Step 1: Register Online
- Visit CMTrading’s official website and complete the registration form with your personal details such as name, email, phone number, and password.
- Select your preferred account type based on your trading needs and experience.
Step 2: Verify Your Identity
- Upload the required verification documents, including proof of identity (passport or ID card) and proof of residence (utility bill or bank statement).
- This step complies with regulatory requirements and ensures the safety of your account.
Step 3: Fund Your Account
- Choose a convenient deposit method such as bank transfer, credit/debit card, or e-wallet.
- Fund your account with the minimum required deposit, depending on the account type you selected during registration.
Step 4: Start Trading
- Download the CMTrading platform (MT4 or WebTrader), log in with your account credentials, and begin trading.
- You can also practice strategies using the demo account before transitioning to live trading with real funds.
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | 
|
| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 |
|
| 🥉 |  | Read Review | CySEC, MWALI, FSCA | $25 |
|
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 |
|
| 5 |  | Read Review | FSA, FSCA | $250 |
|
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 |
|
| 7 |  | Read Review | FSC, FSCA | $50 |
|
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 |
|
| 9 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 |
|
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 |
|
CMTrading At a Glance
| Company Information |  |
| 📅Year Founded | 2012 |
| ⚙️Current CEO | Ibrahim Abu Aita |
| Founder/s | Daniel Kibel, Maurice Krawczyk |
| 🧑🏻💻Amount of staff | 250 |
| 👩💻Amount of active traders | Over 2,000,000+ registered members worldwide. |
| 🌐Publicly Traded (Listed Company) | No (Private Company). |
| 🏦 Headquartered | South Africa |
| Regulation and Security | |
| 🛡️Regulation | FSCA (South Africa): GCMT South Africa Pty Ltd is regulated by the Financial Sector Conduct Authority, License No. 38782. FSA (Seychelles): GCMT Limited is regulated by the Financial Services Authority of Seychelles, License No. SD070. |
| 🌎Country of regulation | South Africa and Seychelles. |
| 💻Account Segregation | Yes (Client funds are kept in top-tier banks separate from company operational funds). |
| 🪫Negative balance protection | Yes (Available on all retail accounts). |
| 🪙Fund Withdrawal Fee | Generally No (3rd party provider fees may apply). CMTrading may charge fees on inactive accounts with no trading volume. |
| 📊Spreads from | Basic/Trader: Regular/Plus spreads. o Gold/Premium/VIP: As low as 1.5 - 1.9 pips on EUR/USD. |
| 💸Commissions | $0 (CMTrading is compensated via the spread for most account types). |
| ➕ Accounts: | Live: Basic, Trader, Gold, Premium, VIP Club. Demo: Available (Free, access to MT4/ WebTrader). Islamic: Available upon request (Swap-free). |
| 💰 Minimum Deposit: | Basic: $250+ Trader: $2,000+ Gold: $20,000+ Premium: $85,000+ VIP: $250,000+ |
| 📇 Account Base Currencies: | USD, EUR, GBP, ZAR. |
| 💱Number of base currencies supported | 4 |
| 💳 Institutional Accounts: | Yes (Corporate accounts available). |
| 🚀Swap Fees | Charged daily for positions held past 21:00 GMT. Calculated based on interest rate differentials. (Swap-free for Islamic accounts |
| 📈Leverage | Up to 1:200 for Forex; up to 1:100 for Indices/Commodities. |
| 📏Margin requirements | Margin Call: Typically 50%. Stop Out: 20%–30%. |
| ☪️Islamic account (swap-free) | Yes, swap-free on request (admin fees may apply after a certain holding period). |
| 💻 Demo Account: | Yes (No expiry if active, $50,000 virtual funds, MT4/Web access). |
| 💳Deposit Options | Credit/Debit Cards (Visa/Mastercard), Wire Transfer, EFT, Neteller, Skrill, M-Pesa, Local Mobile Money. |
| 💵Withdrawal Options | Same as deposit |
| 🕞 Processing Time: | Deposits: Immediate (Card/E-wallet); 2–3 business days (Wire/EFT). Withdrawals: Processed within 3 business days; 3–7 days to reach bank account. |
| Welcome Bonus | No |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), CMTrading WebTrader |
| 👩💻OS Compatibility | Windows, Mac (Web), iOS, Android |
| ⌛ Order Execution Time: | Instant execution/Market execution (High speed via MT4). |
| 🤖Advanced AI Tools | AI news, AI Chart scanner, Trading central |
| 📉Trading Instruments | Forex – 40 [AUDCAD, EURUSD, GBPJPY, USDMXN, EURHUF] Stocks– 65 [APPLE, TSLA, AMZN, SAP, BMW, NVIDIA, GOOGL Indices – 13 [FRANCE40, GERMANY30, US30, UK100, US500] Commodities – 11 [CRUDE.OIL, XAUUSD (Gold), XAGUSD (Silver), CORN, WHEAT] Crypto – 11 [BTCUSD, ETHUSD, LINKUSD, SOL, SHIBUSD, ADA] |
| 🖥️Forex trading tools | Trading Central signals, Daily Market Analysis, AutoChartist, Economic Calendar. |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/5 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +27 21 109 8267. |
| 🗣️Languages supported on Website | English, Arabic, French, Spanish |
| Educational Resources and Support | |
| 📍Beginners Trader Friendly UX | Yes |
| 🖺Forex course | Yes |
| 📆 VPS Hosting: | Available (Free for high-tier accounts like Gold/Premium). |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| 📚 Resources: | 1-on-1 coaching (Gold+), Daily reviews, Training videos |
| 🖺 Forex Course: | Yes (E-books and video series for all levels). Online Trading Academy |
| Partnerships and Programs | |
| 🪪Affiliate program | Refer a Friend: $100 bonus for both parties (on $250 deposit). |
| 📋IB Program | Custom commission/rebates based on lot volume. |
| 👨🏫Amount of partners | Over 50,000 |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Notably sponsors local sports and seminars in South Africa and Nigeria. |
| 🪙Rebate program | Up to 20% cash back rebate for Gold accounts and above |
| 👤Social Media Platforms | Instagram, LinkedIn, YouTube, X (Twitter). |
| South African Trader Specific Information | |
| Does CM Trading Accept South African Traders? | Yes |
| Is CM Trading regulated by the South African regulatory body (FSCA)? | Yes |
| Does CM Trading offer an Affiliate Program for South African Traders? | Yes |
| Does CM Trading allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 📝Sign up | 👉 Open Account |
CMTrading Customer Reviews
- The customer base at CMTrading assesses the company positively due to its easy-to-use platforms and multiple trading accounts, together with its quick customer service team.
- Users appreciate the educational resources at CMTrading since these help traders of all skill levels enhance their abilities.
- Several customers have voiced issues regarding withdrawal procedures since they feel these procedures could use improvement.
- The trading community recognizes CMTrading positively because it provides social trading alongside competitive bonuses as part of its useful feature set.
| 🔎 Feature | Customer Feedback | Rating |
| 💻Trading Platforms | User-friendly and feature-rich platforms | ⭐⭐⭐⭐⭐ |
| 📚Educational Resources | Helpful for beginners and experienced traders | ⭐⭐⭐⭐⭐ |
| 📞Customer Support | Responsive but could improve in resolution time | ⭐⭐⭐⭐☆ |
| 💳Withdrawal Process | Some delays reported, but funds are received | ⭐⭐⭐☆☆ |
| 🎁Bonus Offers and Promotions | Attractive offers, but terms should be clearer | ⭐⭐⭐⭐☆ |
| 👥Social Trading | Well-received feature, beneficial for beginners | ⭐⭐⭐⭐⭐ |
| 👍Overall Satisfaction | Mostly positive, with some areas for improvement | ⭐⭐⭐⭐☆ |
Customers Ratings
| 🔎 Feature | 📝 Feedback Summary | ⭐ Rating |
 | Mixed reviews, with some praising execution but others noting slippage issues. | ⭐⭐⭐☆☆ |
 | Concerns about withdrawals and customer service, but some positive experiences. | ⭐⭐☆☆☆ |
 | Users report ease of use but mixed opinions on spreads and fees. | ⭐⭐⭐☆☆ |
 | Generally positive, but some complaints about account verification delays. | ⭐⭐⭐⭐☆ |
 | Mixed feedback, with both satisfied and frustrated clients. | ⭐⭐⭐☆☆ |
 | Good trading conditions mentioned, but withdrawal speed is a concern. | ⭐⭐⭐☆☆ |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by FSCA and FSA | Inactivity and other fees charged |
Conclusion
CM Trading is a brand name used by Blackstone Marketing SA(PTY)LTD and is one of the largest brokers in South Africa. CM Trading is based in Johannesburg, South Africa, and is regulated as a financial institution by the local Financial Services Board (FSB) of South Africa and is registered with the FSCA website as Blackstone Marketing SA (PTY) LTD. CM Trading delivers secure trading through their own SSL security systems while clients' funds are held in segregated accounts. The broker provides state-of-the-art trading platforms that enable traders to trade Forex, Index, and Commodities, including Cryptocurrencies.
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Frequently Asked Questions
What account types does CM Trading offer?
CM Trading offers multiple account types, including Basic, Trader, Gold, Premium, and VIP accounts. Each tier is designed for different experience levels and deposit sizes, with increasing benefits such as tighter spreads, advanced tools, and personalized trading support.
What is the minimum deposit for CM Trading accounts?
The minimum deposit starts from around $250 for a Basic account, while higher-tier accounts like Trader, Gold, Premium, and VIP require significantly larger deposits. Each level unlocks additional features, improved trading conditions, and enhanced support services.
What features are included in the Basic account?
The Basic account includes standard spreads, zero commission trading, educational materials, daily market reviews, and negative balance protection. It is designed for beginners who want to learn trading fundamentals while accessing global CFD markets with limited capital.
What benefits does the Trader account offer?
The Trader account builds on the Basic account by adding tighter spreads, one-on-one training sessions, Trading Central signals, and multi-currency support. It is suited for traders seeking more guidance and enhanced analytical tools to improve performance.
How does the Gold account differ from lower tiers?
The Gold account offers lower spreads, risk-free trades, cashback rebates, and access to a dedicated market analyst. It is designed for more serious traders who require advanced support, better pricing, and additional incentives to optimize their trading strategies.
What advantages does the Premium account provide?
The Premium account includes all Gold features plus access to ECN trading conditions, personalized training sessions, and enhanced platform capabilities. It is tailored for high-volume traders who need faster execution, deeper liquidity, and professional-level trading resources.
What makes the VIP account unique?
The VIP account offers exclusive benefits such as concierge services, direct interaction with company executives, luxury perks, and premium trading conditions. It is designed for high-net-worth individuals seeking a highly personalized and elite trading experience.
Are CM Trading accounts commission-free?
Yes, most CM Trading accounts operate on a commission-free model, where trading costs are primarily built into spreads. However, spreads may vary depending on the account tier, with higher-level accounts generally offering tighter pricing.
Does CM Trading offer Islamic accounts?
CM Trading provides Islamic (swap-free) accounts that comply with Sharia law. These accounts offer the same trading conditions as standard accounts but remove overnight interest charges, making them suitable for traders following Islamic finance principles.
Which CM Trading account is best for beginners?
The Basic account is generally best for beginners due to its low minimum deposit, educational resources, and simple trading conditions. It allows new traders to gain experience while managing risk before upgrading to more advanced account tiers.
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