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CMTrading Review
CMTrading operates from Seychelles, though its South Africa marketing partner holds the FSCA license. It offers deposit bonuses up to $150,000, locked by volume rules.
Min Deposit
$250
Spreads From
About 1.9 pips on EUR/USD for Gold tier and above
Max Leverage
Not published as one figure, third party reviews cite 1:200 up to 1:500
Platforms
MetaTrader 5, CMTrading Webtrader
Pros
- Licensed structure includes an FSA Seychelles dealer license, SD070, since 2021
- South Africa marketing runs through an FSCA authorised representative arrangement
- Higher tier accounts get spreads from about 1.9 pips and ECN access
- Offers MT5 alongside its own CMTrading Webtrader platform
- Operating under the GCMT Group name since 2012
Cons
- Client contracts sit with the Seychelles entity, not the FSCA linked South African one
- Deposit bonuses up to $150,000 lock behind trading volume before withdrawal
- VIP tier markets a 9 percent guaranteed annual interest, unusual for leveraged CFDs
- WikiFX and trader complaint pages describe withdrawal delays and disputes
- Not available to citizens or residents of the United States
CMTrading is the trading name of GCMT Limited, a Seychelles dealer licensed by the FSA under SD070. In South Africa, GCMT South Africa Pty Ltd markets the brand, but only as agent for Blackstone Marketing SA Pty Ltd, the real FSCA holder under FSP 38782. Contracts sit with the Seychelles firm. The group has run since 2012 and does not accept United States residents.
Accounts start at $250 with bonuses from $100 up to $150,000 on the $250,000 VIP tier, set with an account manager and withdrawable only after a volume target is met. The VIP tier also advertises a 9 percent guaranteed annual interest, unusual for a leveraged CFD product. Spreads on higher tiers run near 1.9 pips, on MT5 or the CMTrading Webtrader.
WikiFX and trader complaints describe withdrawal delays over large deposits. The Seychelles FSA also warned in 2022 about a fake CMTrading clone site, separate from the real firm. Read bonus terms closely, since deposit bonuses can make your own funds harder to withdraw.
Min. Deposit
USD 250
Max Leverage
Not published as one figure, third party reviews cite 1:200 up to 1:500
Spreads From
About 1.9 pips on EUR/USD for Gold tier and above
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
