- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
CM Trading review 2026: is CM Trading legit in Kenya and South Africa?
CM Trading is a Johannesburg-based broker that says it is FSCA-authorised. Sources disagree on which company holds the licence, so we have not confirmed it. Expect MetaTrader 4, WebTrader and an inactivity fee after 90 days.
- Founded2012
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAChecking
- Minimum depositSources conflict ($100–$250)
- M-PesaNot confirmed
Is CM Trading regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
A review site lists FSP 38783 (Blackstone Marketing SA (Pty) Ltd), while CM Trading is described as a brand of Global Capital Markets Trading (South Africa). We are confirming which company holds the licence.
Source: tradefx.co.za, not yet checked on the register
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About CM Trading
CM Trading is a South African-focused CFD broker. TradeFX lists FSP 38783 for Blackstone Marketing SA (Pty) Ltd and describes CM Trading as a brand of Global Capital Markets Trading (South Africa). We are checking which company is authorised.
Who CM Trading suits, and who should look elsewhere
Good fit if you
- want a broker with a Johannesburg office
Look elsewhere if you
- need a confirmed FSCA licence before depositing
CM Trading account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Several tiers | Sources conflict ($100–$250) | From about 1.5 pips |
CM Trading fees: spreads, commission and other charges
| Inactivity fee | After 90 days dormant (amount not published) |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
CM Trading deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- CM Trading is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- FSP 38783 listed by TradeFX; company name unclear.
- Not found on the FSCA ODP list.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
CM Trading trading platforms
- MetaTrader 4
- WebTrader
- CopyKat
Is your money safe with CM Trading?
- Licence holder not yet confirmed.
CM Trading pros and cons
Pros
- Local South African office
Cons
- Licence holder unclear
- Conflicting published terms
- Inactivity fee
Our real-money test of CM Trading
Coming
We will open a CM Trading account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
CM Trading withdrawal time: reports from traders
How long do CM Trading withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at CM Trading? Get a ready complaint letter and the right regulator contact with our complaint desk →
CM Trading: questions people ask
Is CM Trading regulated in Kenya?
No. CM Trading is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is CM Trading regulated by the FSCA in South Africa?
Not confirmed. We have not yet matched CM Trading to an FSCA licence number, so it gets no “Visit” button for South Africa until we do. A review site lists FSP 38783 (Blackstone Marketing SA (Pty) Ltd), while CM Trading is described as a brand of Global Capital Markets Trading (South Africa). We are confirming which company holds the licence.
Is CM Trading regulated?
CM Trading says it is FSCA-authorised; we have not yet confirmed which company holds the licence.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.