Top 8 Locally Based Brokers
CM Trading Review
Overall, CM Trading is very competitive in terms of its trading fees and spreads. Their spread is super low compared to other FSCA regulated brokers, there are no hidden trading fees, and commission with a Premium account is very straightforward. CM Trading is currently not regulated by the CMA of Kenya
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.8/5
Min Deposit
USD100
Regulators
FSA
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
154
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
| 🏛️ Headquartered | South Africa |
| 🏛️ Nigerian Based Office | No |
| 👍 Accepts Nigerian Traders? | Yes |
| 📅 Year Founded | 2012 |
| 📱 Nigerian Office Contact Number | None |
| ⚖️ Regulation | FSA, FSCA |
| 🔎 License Number | Seychelles – SD070 South Africa – 2013/045335/07 and FSP 38782 |
| ⚖️ CBN Regulation | None |
| ✴️ Regional Restrictions | The United States, Hong Kong, Israel, EU regions |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 4 |
| 📊 PAMM Accounts | No |
| 📊 Liquidity Providers | Anonymous |
| 💰 Affiliate Program | Yes |
| 📊 Crypto trading offered? | Yes |
| 🚀 Offers a Nigerian Account? | No |
| 💻 Dedicated Nigerian Account Manager? | No |
| 📈 Maximum Leverage | 1:200 |
| 📈 Leverage Restrictions for Nigeria? | No |
| 💳 Minimum Deposit (₦) | 41,700 Nigerian Naira (equivalent to $100) |
| 💳 Nigerian Naira Deposits Allowed? | Yes |
| 💰 Active Nigerian Trader Stats | 1.3 million |
| 📈 Active Nigerian-based CM Trading customers | Unknown |
| 💰 Nigeria Daily Forex Turnover | 370,000+ |
| 💳 Deposit and Withdrawal Options | Bank Wire Transfer Bank Transfer OZOW Electronic Fund Transfer (EFT) Skrill Neteller Credit Card Debit Card MPesa Local Mobile Money Cryptocurrencies |
| 💰 Segregated Accounts with Nigerian Banks? | No |
| 💻 Trading Platforms | MetaTrader 4, CM Trading Web, CopyKat, Expert Advisors, Trading apps |
| 💰 Tradable Assets | • Currency trading • Stocks • Indices • Cryptocurrencies • Commodities • CFDs |
| 🌐 Offers USD/NGN currency pair? | No |
| 🌐 USD/NGN Average Spread | N/A |
| 📈 Offers Nigerian Stocks and CFDs | None |
| 👨💼 Languages supported on Website | English, Arabic |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Nigerian-based customer support? | No |
| 💰 Bonuses and Promotions for Nigerians | None |
| ✴️ Education for Nigerian beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
| ✔️ Is CM Trading a safe broker for Nigerians? | Yes |
| ✔️ Rating for CM Trading Nigeria | 8/10 |
| ✔️ Trust score for CM Trading Nigeria | 91% |
| 👉 Open an account | 👉 Open Account |
CM Trading Review – 14 key points quick overview:
Regulation and Safety of Funds- Account Types and Features
- Account Registration
- CM Trading Vs Tickmill Vs AvaTrade – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- CM Trading Education and Research
- CM Trading Affiliate Program
- Verdict on CM Trading
- CM Trading Pros and Cons
- Frequently Asked Questions
CM Trading Overview
👉 CM Trading is a South African-based broker that offers some of the best retail trading accounts to Kenyan traders. In addition to its comprehensive trading solutions, CM Trading has a large market share in Kenya.
👉 In addition to being one of the most creative Forex brokers in the world, CM Trading is also the biggest Forex broker in South Africa. CM Trading is a foreign exchange trading services broker that accepts Kenyan traders even though the Capital Markets Authority (CMA) does not regulate the broker.
👉 Markets such as currencies, stock indexes, and commodities can be traded across powerful trading platforms offered by CM Trading. Energies, metals, and agricultural commodities are all available for commodity traders along with several other instruments for crypto and forex traders.
👉 International and worldwide customers can benefit from a broad range of modern trading solutions in addition to the company’s primary focus on Africa. CMTrading’s innovative trading platforms and unmatched liquidity are available to all levels of traders.
👉 This CM Trading review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with CM Trading is as follows:
➡️️ South Africa – 50.7%
➡️️ Kenya – 24%
➡️️ Kenya – 15.2%
➡️️ Bulgaria – 1.3%
➡️️ Germany – 0.7%
Popularity among traders who choose CM Trading
🥇 While CM Trading is not based in Kenya, the broker has a market share of over 15% in the country, making it one of the Top 10 brokers that accommodate Kenyan retail traders and institutional investors.
VIDEO
CM Trading at a Glance
| 🏛 Headquartered | South Africa |
| 🏙 Kenyan Based Office | No |
| ✅ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2012 |
| 📞 Kenyan Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube |
| ⚖️ Regulation | FSA, FSCA |
| 🪪 License Number | • Seychelles – SD070 • South Africa – 2013/045335/07 and FSP 38782 |
| ⚖️ CMA Regulation | No |
| 🚫 Regional Restrictions | The United States, Hong Kong, Israel, EU regions |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| 📊 PAMM Accounts | No |
| 🤝 Liquidity Providers | None Indicated |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Average spread | From 0.9 pips |
| 📞 Margin Call | From 20% |
| 🛑 Stop-Out | Unknown |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a Kenyan shilling Account? | No |
| 👨💻 Dedicated Kenyan Account Manager? | No |
| 📊 Maximum Leverage | 1:200 |
| 🚫 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (KES) | 11,400 KES or an equivalent to $100 |
| ✅ Kenyan shilling Deposits Allowed? | Yes |
| 📊 Active Kenyan Trader Stats | 70,000+ |
| 👥 Active Kenyan-based CM Trading customers | Unknown |
| 💳 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | • Bank Wire Transfer • Bank Transfer • OZOW • Electronic Fund Transfer (EFT) • Skrill • Neteller • Credit Card • Debit Card • MPesa • Local Mobile Money • Cryptocurrencies |
| 🏦 Segregated Accounts with Kenyan Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • CM Trading Web • CopyKat • Expert Advisors • Trading apps |
| ✔️ Tradable Assets | • Currency trading • Stocks • Indices • Cryptocurrencies • Commodities • CFDs |
| 💸 Offers USD/KES currency pair? | No |
| 📈 USD/KES Average Spread | N/A |
| 📉 Offers Kenyan Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, Arabic |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Kenyan-based customer support? | No |
| ✅ Bonuses and Promotions for Kenyans | No |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is CM Trading a safe broker for Kenyans? | Yes |
| 📊 Rating for CM Trading Kenya | 8/10 |
| 🤝 Trust score for CM Trading Kenya | 91% |
| 👉 Open an account | 👉 Open Account |
Regulation and Safety of Funds
Its trading systems are safe and secure, and it offers clear terms to all traders since CM Trading is a fully regulated broker. CM Trading operates through the following companies:
️ GCMT South Africa Pty Ltd with registration number 2013/045335 and Financial Service Provider number 38782 under Blackstone Marketing Pty Ltd (2010/010099/07).
️ GCMT Limited (CM Trading) is regulated and registered in Seychelles under 8425982-1, with regulation and authorization through the FSA in Seychelles under SD070.
️ Client money is held in segregated accounts to guarantee that they are not utilized for any other reason, but exclusively for the trading of the client’s account Clients must be able to access their funds whenever they choose.
Account Types and Features
For individual investors, CM Trading provides some of the greatest trading conditions in the market, which are split among four different accounts. Various traders have different requirements and goals when it comes to their trading accounts, which is why we offer so many different types.
CM Trading provides the following kinds of accounts:
➡️ Bronze Account
➡️ Silver Account
➡️ Gold Account
➡️ Premium Account
Live Trading Accounts
Bronze Account
This is the basic account type offered by BDSwiss, providing Kenyan traders with some basic features, including:
| Account Feature | Value |
| 💰 Minimum Deposit | 11,400 Kenyan shilling equivalent to $100 |
| 💵 Maximum Deposit | 114,000 Kenyan shilling equivalent to $999 |
| ✔️ Demo Account | Yes |
| 📚 Educational materials | Yes, Trading eBook, Webinars |
| ✍️ Market Reviews | Yes |
| 📊 Spreads from | Regular spreads |
Silver Account
This is a popular account option as it offers more competitive trading conditions, risk-free trading, and live trading signals, in addition to several other features.
| Account Feature | Value |
| 💰 Minimum Deposit | 114,500 Kenyan Naria equivalent to $1,000 |
| 💵 Maximum Deposit | 1,145,000 Kenyan shilling equivalent to $9,999 |
| ✔️ Demo Account | Yes |
| 📚 Educational materials | Yes, Trading eBook, Webinars |
| ✍️ Market Reviews | Yes |
| 📊 Spreads from | 1.2 pips EUR/USD |
| 🚨 Live Trading Signals | Yes |
| ✔️ Risk-Free Trades offered | 1 Risk-Free Trade |
| 👥 Personal Assistant offered? | Yes |
| 🚨 Trading Central Trading Signals | Yes |
| 📈 Trading Central Live Trading Signals | Yes |
Gold Account
This is a more advanced account that provides better trading conditions than previous accounts. This makes the Gold Account perfect for Kenyan day traders, high-volume traders, and scalpers, among other trading styles.
| Account Feature | Value |
| 💰 Minimum Deposit | 1,145,000 Kenyan shilling equivalent to $10,000 |
| 💵 Maximum Deposit | 11,454,000 Kenyan shilling equivalent to $99,999 |
| ✔️ Demo Account | Yes |
| 📚 Educational materials | Yes, Trading eBook, Webinars |
| ✍️ Market Reviews | Yes |
| 📊 Spreads from | 0.9 pips |
| 🚨 Live Trading Signals | Yes |
| ✔️ Risk-Free Trades offered | 3 Risk-Free Trade |
| 👥 Personal Assistant offered? | Yes |
| 🚨 Trading Central Trading Signals | Yes |
| 📈 Trading Central Live Trading Signals | Yes |
| 💸 Cashback Rebates | Yes |
| ✔️ Access to ECN? | Yes |
Premium Account
This is the professional option for seasoned traders who trade high volumes and who are well-versed in managing their trading risks. This account is the best account type that offers the most benefits and some of the best trading conditions.
| Account Feature | Value |
| 💰 Minimum Deposit | 114,000,000 Kenyan shilling and more (equivalent to $100,000+) |
| 💵 Maximum Deposit | None |
| ✔️ Demo Account | Yes |
| 📚 Educational materials | Yes, Trading eBook, Webinars |
| ✍️ Market Reviews | Yes |
| 📊 Spreads from | 0.9 pips |
| 🚨 Live Trading Signals | Yes |
| ✔️ Risk-Free Trades offered | 3 Risk-Free Trade |
| 👥 Personal Assistant offered? | Yes |
| 🚨 Trading Central Trading Signals | Yes |
| 📈 Trading Central Live Trading Signals | Yes |
| 💸 Cashback Rebates | Yes |
| ✔️ Access to ECN? | Yes |
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and CM Trading offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
How to Create a Demo Account
Step 1 – Go to the official CM Trading website
➡️ Go to www.cmtrading.com and click on “Sign Up” in the top left corner.
Step 2 – Fill Out Your Personal Details
➡️ Fill out your personal details and click on “Submit”
Step 3 – Click on “Demo”
➡️ Click on “Demo” and then on “Add Account”
Step 4 – Fill Out Your Personal Details
➡️ Fill out your personal details and click on “Submit”
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
CM Trading is an Islamic forex broker that complies with all Sharia law and Islamic finance concepts. CM Trading provides swap-free trading accounts for Muslim investors who want to avoid paying swap fees and interest on overnight holdings.
In addition, only Shariah-compliant financial products are accessible to Muslim traders who use an Islamic swap-free account; therefore cryptocurrencies and equities are not available for trading.
Account Registration
To open an account with CM Trading, traders in Kenya must first fill out a brief online application. To complete the application, traders must validate their email addresses and show proof of their identification and residency by uploading a government ID or passport and utility bill, respectively.
Customers can fund their CM Trading account using a variety of deposit alternatives after their information and papers have been validated.
How To Register An Account
Step 1 – Go to the official CM Trading website
➡️ Go to www.cmtrading.com and click on “Sign Up” in the top left corner.
Step 2 – Fill Out Your Personal Details
➡️ Fill out your personal details and click on “Submit”
Step 3 – Verify Your Account
➡️ Your account has now been created. Click on your name in the top right corner, and click on “Verify Centre” to verify your account.
CM Trading Vs Tickmill Vs AvaTrade – Broker Comparison
| AvaTrade | JustForex | XM | |
| ⚖️ Regulation | FSA, FSCA | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| 📱 Trading Platform | • MetaTrader 4 • CM Trading Web • CopyKat • Expert Advisors • Trading Apps | • MetaTrader 4 • MetaTrader 5 | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💰 Withdrawal Fee | Yes | No | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 11,400 KES | 11,400 KES | 11,400 KES |
| 📈 Leverage | 1:200 | 1:500 | 1:400 |
| 📊 Spread | From 0.9 pips | Variable, from 0.0 pips | Fixed, from 0.9 pips |
| 💰 Commissions | None | From $1 | None |
| ✴️ Margin Call/Stop-Out | From 20% | 100%/30% | 25%/10% |
| ✴️ Order Execution | Market | Market | Instant |
| 💳 No-Deposit Bonus | No | Yes | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | • Bronze Account • Silver Account • Gold Account • Premium Account | • Pro Account • Classic Account • VIP Account | • Standard Live Account • Professional Account Option |
| ⚖️ CMA Regulation | No | No | No |
| 💳 KES Deposits | Yes | No | No |
| 📊 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 3 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Overall Rating
- 4.8/5
Min Deposit
USD100
Regulators
FSA
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
154
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Trading Platforms
👉 CM Trading supports the use of these robust and innovative trading platforms:
➡️ MetaTrader 4
➡️ CM Trading Web
➡️ CopyKat
➡️ Expert Advisors
➡️ Trading apps
Desktop Platforms
➡️ MetaTrader 4
➡️ Expert Advisors
👉 MetaTrader 4 (MT4) is the most sophisticated and widely used trading platform in the world. As a newbie or an experienced trader, MetaTrader4 is the ideal platform for Kenyan traders. At all levels, it is simple to use and performs precisely what traders want it to.
👉 Meta Editor is also supplied with each MT4 platform. MQL’s proprietary programming language, Meta, has its own compiler, the Meta Editor.
👉 Meta Trader 4 is pre-loaded with two EAs for traders who do not know how to program or do not want to create their own EA strategies. Additional EAs may be found on the MQL user site via a link in MT4.
WebTrader Platforms
➡️ MetaTrader 4
➡️ CM Trading Web
➡️ CopyKat
➡️ Expert Advisors
👉 For every trading strategy, CM Trading’s MetaTrader 4 platform is the best option available. In addition to providing all the necessary assistance and tools for EA trading, it also enables trading methods like hedging and scalping. Using Technical Analysis to execute trades quickly and efficiently necessitates these components.
👉 For currency traders, CM Trading WebTrader is a significant benefit since it enables them to trade from their mobile devices such as smartphones and tablets without having to download or install any software.
👉 With just a single click, traders can easily access a wide range of currencies and markets using CM Trading’s WebTrader, with the benefit that it works with a range of Internet browsers.
👉 Kenyan traders can watch, study, and duplicate successful traders’ sophisticated tactics with CMTrading’s CopyKat. Regardless of the trader’s level of trading experience, they can easily trade like an expert instantly.
👉 Lastly, automated trading on the MetaTrader 4 platform is offered using Expert Advisors (EA). The MQL programming language, developed specifically for automated trading, is used to generate EAs.
Trading App
➡️ MetaTrader 4
👉 With MetaTrader 4, Kenyan traders can easily make use of all the modern trading features. It is very adaptable and mobile. Thus, the MT4 mobile trading option allows investors to access the trading platform straight from their tablets and smartphones.
👉 The trading platform, as well as the maintenance of numerous trading accounts, can easily be accessed at any given time from anywhere in the world.
Range of Markets
👉 The range of markets offered by CM Trading includes:
➡️ Currency trading
➡️ Stocks
➡️ Indices
➡️ Cryptocurrencies
➡️ Commodities
➡️ CFDs
Broker Comparison for Range of Markets
| AvaTrade | JustForex | XM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | Yes |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | Yes |
Trading and Non-Trading Fees
Spreads
👉 What traders can anticipate from CM Trading in terms of spreads will be determined by their trading activity, the retail investor account they utilize, and the current market circumstances. Traders should be prepared for the following usual minimum spreads:
➡️ Bronze Account – Regular spreads
➡️ Silver Account – 1.2 pips EUR/USD
➡️ Gold Account – from 0.9 pips EUR/USD
➡️ Premium Account – from 0.9 pips EUR/USD
Commissions
👉 CM Trading does not charge any commission fees on trades because the broker fees are already included in the spreads that Kenyan traders pay.
Overnight Fees, Rollovers, or Swaps
👉 To avoid overnight costs, Kenyan traders should close their holdings as soon as the trading day ends. For example, these rates are based on a trader’s current position, the kind of financial instrument they are trading, and the amount of their current position.
👉 Traders can use the method below to calculate overnight fees on positions:
➡️ The overnight fees = Duration of the position/number of nights x Swap (buy or sell) x No of Lots x Point value
Deposit and Withdrawal Fees
👉 If Kenyans use crypto funds to finance the CM Trading account, they will be charged a fee. The following methods of withdrawal are subject to these fees:
➡️ Bank Wire Transfer – 2%
➡️ Bank Transfer – 2%
➡️ OZOW – 2%
➡️ Electronic Fund Transfer (EFT) – 2%
➡️ Skrill – 2%
➡️ Neteller – 2%
➡️ Credit Card – 2%
➡️ Debit Card – 2%
➡️ MPesa – 2%
➡️ Local Mobile Money – 2%
➡️ Cryptocurrencies – 4%
Other Fees
👉 CM Trading applies a charge of $15 to inactive accounts for the maintenance and administration of the account, along with compliance management. This fee is only applied when a trading account has been dormant for three consecutive months.
Deposits and Withdrawals
👉 CM Trading offers the following deposit and withdrawal methods:
➡️ Bank Wire Transfer
➡️ Bank Transfer
➡️ OZOW
➡️ Electronic Fund Transfer (EFT)
➡️ Skrill
➡️ Neteller
➡️ Credit Card
➡️ Debit Card
➡️ MPesa
➡️ Local Mobile Money
➡️ Cryptocurrencies
How to Deposit Funds with CM Trading
👉 To fund the trading account Kenyan traders must first log into the CM Trading Account and follow these steps:
➡️ Select “Deposit” from the account page
➡️ Chose the preferred payment method from the list provided
➡️ Transfer funds to the trading account and start trading once it clears
How to Deposit Funds Into Your Account
👉 Step 1 – Go to the CM Trading website and log in.
➡️ Go to the official CM Trading website at www.cmtrading.com and log into your account.
👉 Step 2 – Click on “Deposit”
➡️ In the top right corner of your screen, click on “Deposit”.
👉 Step 3 – Deposit Your Funds
➡️ Choose your method to deposit the funds into your account and make the deposit.
How to Withdraw Funds with CM Trading
👉 CM Trading Kenyan traders can easily withdraw cash by following these simple steps:
➡️ Visit the official CM Trading website to access their account.
➡️ Select “Withdrawal” from the menu at the upper right-hand side of the screen.
➡️ To request a withdrawal, just fill out the form and click “Request a withdrawal.”
➡️ CM Trading’s Finance Department will receive the withdrawal request and contact the trader via email within 24 hours to begin the withdrawal procedure.
👉 Step 1 – Go to the CM Trading website and log in.
➡️ Go to the official CM Trading website at www.cmtrading.com and log into your account.
👉 Step 2 – Click On Your Account Name
➡️ Click on your account name in the top right corner.
👉 Step 3 – Click “Withdraw”
➡️ Click on “Withdraw” in the dropdown menu and withdraw your funds.
CM Trading Education and Research
👉 CM Trading offers the following Educational Materials:
➡️ eBooks
➡️ Training Videos
➡️ Webinars
➡️ Live Seminars
👉 CM Trading offers Kenyan traders the following Research and Trading Tools:
➡️ Daily Market Reviews
➡️ Trading Signals
➡️ Economic Calendar
➡️ Calculators
➡️ Fundamental Analysis
➡️ Technical Analysis
CM Trading Affiliate Program
CM Trading provides a full range of partner and affiliate services, including:
➡️ Quick pay-outs
➡️ Transparency
➡️ Dedicated customer service and support
➡️ A personal manager
➡️ An FSCA and FSA-regulated environment
➡️ Attractive and flexible commission schemes
➡️ Localized marketing material
➡️ A high conversion rate
CM Trading also has a customer loyalty program with the following levels:
➡️ An IB startup kit and free webinar hosting are included in the Bronze level. This level also comes with a competitive strategy and a certificate of success.
➡️ In addition to the Bronze-level perks, Silver-level members get a dedicated business developer, marketing funds, and promotional materials.
➡️ Additional commissions, bespoke marketing material, special business cards, and custom-built websites are all included in the Gold tier.
➡️ Platinum is the highest tier and includes unfettered access to exclusive tools, promotions, professional guidance, financial advice, and dedicated customer support from an experienced, helpful team of experts.
Verdict on CM Trading
CM Trading is a well-regulated, trusted CFD and forex broker that adheres to a tight policy because of the restrictions and set of operating standards.
The broker offers a wide variety of account types, a wide variety of training resources (including videos), and a wide variety of unique features (such as copy trading and 1-on-one trading).
To assist Kenyan traders to succeed in the market CM Trading provides comprehensive trading solutions and excellent services alongside market research every day. CM Trading is an excellent choice for traders of all skill levels who are searching for a low-risk trading environment with a wealth of educational resources.
CM Trading Current Popularity Trend
👉 According to Google Trends, “CM Trading” has increased in Google searches over the past month in South Africa.
CM Trading Pros and Cons
| ✔️ Pros | ❌ Cons |
| CM Trading has a decent trust score, and it is a well-regulated broker | There is an inactivity fee that may apply if the account becomes inactive |
| All client funds are stored in segregated accounts which are separate from CM Trading’s operational accounts and funds | There are deposit and withdrawal fees charged on crypto funding |
| There are several trading tools offered to advanced traders | The spreads are competitive, but they are not the lowest |
| There are no restrictions on the trading strategies that traders can use | |
| CM Trading welcomes Kenyan traders and offers local deposit and withdrawal methods | |
| Kenyan traders can deposit funds in local currency | |
| There is a competitive minimum deposit requirement for the account tiers that are offered | |
| CM Trading has a long-standing reputation as one of the best forex and CFD brokers for Kenya, Kenya, and South Africa, amongst other regions |
Frequently Asked Questions
Is CM Trading a good and legal broker?
Yes, CM Trading is considered good and the broker is legal as it is licensed and authorized by the FSA and FSCA.
What is the minimum deposit required to register an account with CM Trading?
11,400 KES or an equivalent to $100.
Does CM Trading offer leverage and what is the maximum ratio offered?
Yes, CM Trading offers maximum leverage up to 1:200.
What is the overall rating for CM Trading out of 10?
8/10.
Is CM Trading suitable for beginner and professional traders?
Yes, CM Trading is an ideal broker that can be used by beginner and professional traders.
