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
- Maryke Myburgh
Jump to:
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
CMTrading Information
| Category | Details |
| 🏦 Kenya Office Address | CMTrading mentions operations in Kenya but no verified physical address available |
| 📧 Email Support | support@cmtrading.com |
| 📞 Phone Support (Kenya) | No dedicated Kenya number published (use international or regional lines) |
| 💬 Live Chat | Available via CMTrading website |
| ⏱️ Customer Support Hours | 24 hours / 5 days (Monday–Friday) |
| ⏳ Office Operating | Typically Mon–Fri (business hours vary by region) |
| 🌐 Official Website | https://www.cmtrading.com/ |
| 🚀 Sign Up | Open Account |
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Regulation and Safety of Funds
In Kenya, the regulation and safety of funds when trading with brokers like CMTrading require careful consideration.
While CMTrading is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA) of Seychelles, which provides a level of oversight and operational standards, it is not licensed by the Capital Markets Authority of Kenya (CMA)—the official body responsible for supervising and protecting investors in Kenya.
| 🏛️ Regulator | 📍 Jurisdiction | 🏢 Entity | 📄 License / Reg No. |
| 🟢 Financial Sector Conduct Authority (FSCA) | 🇿🇦 South Africa | GCMT South Africa (PTY) LTD (via Blackstone Marketing SA) | FSP No. 38782 Reg No. 2013/045335/07 |
| 🔵 Financial Services Authority (FSA) | 🇸🇨 Seychelles | GCMT Limited | License No. SD070 Company No. 8425982-1 |
Is CMTrading regulated in Kenya?
CMTrading is not regulated by the Capital Markets Authority (CMA), which is the official financial regulator in Kenya. Instead, it operates under international licenses such as the Financial Sector Conduct Authority (FSCA) and the Financial Services Authority (FSA). This means Kenyan traders can access the platform, but they do not benefit from local regulatory protection or dispute resolution provided by the CMA.
How safe are funds with CMTrading for Kenyan traders?
CMTrading states that it uses segregated client accounts, regulatory compliance, and secure systems to protect trader funds. However, since it is not licensed by Kenya’s CMA, traders rely on foreign regulatory frameworks like FSCA and FSA. While these provide some level of oversight, the absence of local regulation means reduced legal protection and recourse in case of disputes or withdrawal issues.
Account Types and Features
CMTrading offers Kenyan traders a flexible and structured trading environment with five distinct account types designed to match different experience levels and capital sizes.
Whether you are a beginner entering the forex market for the first time or a more advanced trader refining strategies, CMTrading provides tailored conditions, including varying spreads, educational resources, and personalized support.
Kenyan clients typically access these accounts through CMTrading’s international entities, benefiting from features such as negative balance protection, market analysis tools, and scalable account upgrades that allow traders to progress as their skills and investment grow.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| 🟢 Basic Account | $250+ | Open Account | Up to 1:200 | $0 |
| 🔵 Trader Account | $2,000+ | Open Account | Up to 1:200 | $0 |
| 🟡 Gold Account | $20,000+ | Open Account | Up to 1:200 | $0 |
| 🟠 Premium Account | $85,000+ | Open Account | Up to 1:200 | $0 |
| 🔴 VIP Club | $250,000+ | Open Account | Up to 1:200 | $0 |
Basic Account
The Basic Account is CMTrading’s entry-level live trading option, suitable for beginners in Kenya starting their forex journey. It typically requires a minimum deposit of around $250 and provides standard spreads, negative balance protection, and essential educational resources such as trading eBooks and daily market reviews to help new traders build confidence.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | Regular spreads |
| 💰 Minimum Deposit | $250+ |
| 📈 Maximum Leverage | Up to 1:400 (varies by region) |
| 💹 Trading Instruments | Forex, indices, commodities, stocks, crypto |
| 🏆 Best For | Beginner traders |
| ✅ Advantages | Education tools, market reviews, negative balance protection |
| 🚀 Sign up | Open Account |
Trader Account
The Trader Account is designed for more committed traders and usually requires a minimum deposit of about $2,000. It enhances the Basic Account by offering improved spreads, one-on-one training sessions, and access to Trading Central signals. Kenyan traders also benefit from multi-currency account options and more advanced trading support.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | “Plus” (improved spreads) |
| 💰 Minimum Deposit | $2,000+ |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Trading Instruments | Forex, indices, commodities, stocks, crypto |
| 🏆 Best For | Intermediate traders |
| ✅ Advantages | 1-on-1 training, trading signals, multi-currency accounts |
| 🚀 Sign up | Open Account |
Gold Account
The Gold Account, aimed at experienced traders, requires a higher deposit starting from approximately $20,000. It offers tighter spreads, several risk-free trades, and a dedicated market analyst. Kenyan users also gain access to cashback rebate programs and more personalized trading insights for better strategy execution.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | From ~1.9 pips |
| 💰 Minimum Deposit | $20,000+ |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Trading Instruments | Forex, indices, commodities, stocks, crypto |
| 🏆 Best For | Experienced traders |
| ✅ Advantages | Risk-free trades, analyst support, cashback rebates |
| 🚀 Sign up | Open Account |
Premium Account
The Premium Account caters to active and professional traders, with deposits typically starting from $85,000. It includes ECN trading access, personalized training sessions and seminars, and enhanced market analysis tools. This account level is ideal for Kenyan traders seeking faster execution and institutional-style trading conditions.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | From ~1.9 pips |
| 💰 Minimum Deposit | $85,000+ |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Trading Instruments | Forex, indices, commodities, stocks, crypto |
| 🏆 Best For | Professional traders |
| ✅ Advantages | ECN access, advanced training, premium support |
| 🚀 Sign up | Open Account |
VIP Club
The VIP Club is CMTrading’s highest-tier account, generally requiring a deposit of $250,000 or more. It is tailored for high-net-worth individuals and offers exclusive benefits such as VIP concierge services, luxury perks, dedicated account management, and additional features like guaranteed interest and premium travel rewards.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | From ~1.9 pips |
| 💰 Minimum Deposit | $250,000+ |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Trading Instruments | Forex, indices, commodities, stocks, crypto |
| 🏆 Best For | High-net-worth traders |
| ✅ Advantages | VIP concierge, luxury perks, dedicated support |
| 🚀 Sign up | Open Account |
Demo Account
The Demo Account is available to Kenyan traders for practice purposes, typically lasting 90 days. It provides virtual funds of around $10,000 (or up to $50,000 depending on region) and allows full access to platforms like MetaTrader 4 and WebTrader, enabling users to test strategies without risking real money.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | Simulated (real market conditions) |
| 💰 Minimum Deposit | $0 |
| 📈 Maximum Leverage | Same as live accounts (simulated) |
| 💹 Trading Instruments | Forex, indices, commodities, stocks, crypto |
| 🏆 Best For | Beginners & strategy testing |
| ✅ Advantages | No financial risk, virtual funds, full platform access, ideal for learning |
| 🚀 Sign up | Open Account |
Islamic Account
The Islamic Account is a swap-free option designed for traders who require Sharia-compliant trading conditions. It is available across all account types upon request. While no rollover interest is charged, administrative fees may apply to positions held beyond a certain period (usually 5–10 days), and verification may be required.
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, WebTrader |
| 📉 Spread Pips | Same as selected live account |
| 💰 Minimum Deposit | Same as chosen account tier |
| 📈 Maximum Leverage | Same as selected account |
| 💹 Trading Instruments | Forex, stocks, crypto, indices, commodities |
| 🏆 Best For | Muslim traders (Sharia-compliant trading) |
| ✅ Advantages | No swap/interest fees, Sharia-compliant, wide asset access, instant execution |
| 🚀 Sign up | Open Account |
Is the CMTrading Demo Account free and available in Kenya?
Yes, the CMTrading Demo Account is completely free for Kenyan traders and requires no deposit. It typically runs for about 90 days and includes virtual funds, allowing users to practice trading on MetaTrader 4 and WebTrader in real market conditions without any financial risk.
How does the CMTrading Islamic Account work?
The CMTrading Islamic Account is a swap-free option designed for traders who require Sharia-compliant trading. It can be applied to any live account type and removes overnight interest charges, although administrative fees may apply after holding positions for several days.
What Is the Process to Register with CMTrading?
Step 1. Visit the Official Website
Go to the CMTrading website and click on the “Register” or “Start Trading” button. The platform allows you to open an account within minutes with no obligation to deposit immediately.
Step 2. Complete the Registration Form
Fill in your personal details such as:
- Full name
- Email address
- Phone number
- Password
This creates your client profile and login credentials.
Step 3. Verify Your Account (KYC)
To comply with regulations, you’ll need to upload documents such as:
- Proof of identity (ID or passport)
- Proof of residence
This verification step is required before you can trade or withdraw funds.
Step 4. Open a Trading Account
After registration, log in to your dashboard and:
- Choose Live or Demo account
- Select account type (Basic, Trader, etc.)
- Pick your base currency
Your trading account will then be created, and your login details will be sent via email.
Step 5. Deposit Funds
Go to the Deposit section and fund your account using available payment methods (card, bank transfer, e-wallets). You can only start live trading after funding your account.
Step 6. Start Trading
Once your account is verified and funded, you can:
- Download MetaTrader 4 / WebTrader
- Log in with your credentials
- Begin placing trades
You may also be assigned an account manager to assist you.
How long does it take to register with CMTrading?
Registering with CMTrading usually takes only a few minutes to complete the online form. However, full account activation depends on document verification, which can take several hours to one business day before trading and withdrawals are enabled.
What documents are required to open a CMTrading account?
To open an account with CMTrading, you must submit proof of identity (such as a passport or ID) and proof of residence (utility bill or bank statement). These documents are required to comply with KYC and regulatory standards.
CM Trading Vs Tickmill Vs AvaTrade – Broker Comparison
| CMTrading | 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 | 32350 KES | 1294 KES | 647 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 | Basic Account Trader Account Gold Account Premium Account VIP 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 |
| 🚀 Sign up | Open Account | Open Account | Open Account |
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
Which Trading Platforms Does CMTrading Offer?
WebTrader
CMTrading WebTrader is a browser-based platform that requires no download or installation, making it ideal for traders who want immediate access. It works seamlessly on both Windows and macOS, offering a secure and intuitive interface with real-time market data, customizable layouts, and smooth integration with trading tools. This makes WebTrader a convenient option for beginners and casual traders who prefer simplicity and flexibility without needing advanced software setup.
MetaTrader 5
MetaTrader 5 (MT5) is CMTrading’s most advanced platform, designed for traders who require powerful analytical tools and multi-asset trading capabilities. It supports forex, commodities, indices, and equities within a single interface, enabling better portfolio diversification. MT5 includes advanced charting tools, multiple timeframes, numerous technical indicators, and Depth of Market (DOM) features, allowing traders to analyze liquidity and execute strategies with precision in a professional-grade environment.
Expert Advisors (EAs)
Expert Advisors are automated trading systems integrated within the MetaTrader environment, allowing traders to execute strategies without manual intervention. With CMTrading, users can deploy existing EAs or create custom ones using MQL programming. These tools monitor markets continuously, execute trades based on predefined conditions, and help eliminate emotional decision-making, making them ideal for traders who prefer algorithmic and systematic trading approaches.
Trading Apps
MetaTrader mobile app provides full mobile trading functionality, allowing CMTrading users to manage their accounts directly from smartphones or tablets. These apps offer interactive charts, technical indicators, customizable alerts, and real-time market news. With a user-friendly interface and secure access, traders can open, modify, and close positions anytime, making it a perfect solution for those who need flexibility and constant market access while on the go.
Which CMTrading platform is best for beginners?
For beginners, CMTrading WebTrader is usually the best choice because it requires no download and offers a simple interface. It allows new traders to access markets quickly, use basic tools, and start trading without dealing with complex platform features.
Does CMTrading support automated trading strategies?
Yes, MetaTrader 5 and its ecosystem support automated trading through Expert Advisors. These tools allow traders to execute strategies automatically based on predefined rules, helping reduce emotional decisions while improving efficiency, speed, and consistency in trading execution across different market conditions.
Which Markets Are Available To Kenyan Traders On CMTrading
| 🌍 Market Type | 📈 What You Can Trade | 💡 Examples | 🧠 Description |
| 💱 Forex (Currencies) | Major, minor & exotic currency pairs | EUR/USD, GBP/USD, USD/ZAR | Trade global currencies with high liquidity and volatility, making it one of the most active financial markets worldwide |
| 🪙 Commodities | Energy, metals, agriculture | Gold, Oil, Silver, Coffee | Speculate on raw materials widely used in global markets, offering diversification and inflation hedging opportunities |
| 📊 Indices | Global stock indices | Dow Jones, NASDAQ, FTSE 100 | Trade entire market sectors or economies through index-based instruments representing multiple companies |
| 🏢 Stocks (Equities) | Global company shares (via CFDs) | Amazon, Apple, Google | Trade price movements of major companies without owning the underlying shares using CFD instruments |
| 🪙 Cryptocurrencies | Digital assets | Bitcoin, Ethereum | Access highly volatile crypto markets and trade price movements of popular digital currencies |
| 📉 CFDs (Contracts for Difference) | All asset classes via derivatives | Forex, stocks, indices, commodities | Trade price movements without owning assets, with leverage and the ability to profit in rising or falling markets |
How Much Does It Cost To Trade With CMTrading?
Spreads
CMTrading uses variable (floating) spreads, meaning the cost changes depending on market conditions and liquidity. Lower-tier accounts typically have wider spreads, while higher-tier accounts (like Premium or VIP) benefit from tighter, more competitive pricing.
Commissions
- Basic & Trader Accounts: $0 commission (costs are included in the spread)
- Premium & VIP Accounts: May offer ECN-style spreads with tighter pricing, but a small commission per trade can apply
- Inactivity Fee
If your account remains inactive for 3 months, CMTrading may charge an inactivity fee of approximately $15–$30 per month until trading resumes or the balance is depleted.
Currency Conversion Fees
A conversion fee (around 0.5%) may apply when trading instruments that are priced in a different currency than your account base currency. This is standard across most brokers.
Deposit & Withdrawal Fees
CMTrading generally does not charge internal fees for deposits or withdrawals. However, third-party providers (banks, card issuers, or e-wallets) may apply their own transaction or processing fees.
Does CMTrading charge commissions on trades?
CMTrading generally offers commission-free trading on Basic and Trader accounts, where costs are included in spreads. However, Premium and VIP accounts may use ECN-style pricing with tighter spreads and a small commission per trade, depending on the instrument traded.
Are there any hidden fees when trading with CMTrading?
CMTrading is relatively transparent with its pricing, but traders should consider additional costs like inactivity fees after three months, currency conversion charges, and possible third-party deposit or withdrawal fees, which can impact overall trading costs depending on account usage and payment methods.
How Do I Deposit and Withdraw Money From CMTrading in Kenya?
Depositing and withdrawing with CMTrading in Kenya is simple and flexible, with options like cards, bank transfers, e-wallets, and M-Pesa. Deposits are often instant, while withdrawals typically take a few business days, depending on the payment method.
| 💰 Method | 💳 Min. Amount | ⚡ Deposit Time | ⏱️ Withdrawal Time | 💸 CMTrading Fees | 📝 Other Notes |
| 💳 Credit/Debit Card | $250+ | Instant | 3–5 business days | $0 | Must withdraw back to same card first |
| 🏦 Bank Transfer | $250+ | 1–3 business days | 2–5 business days | $0 | Bank fees may apply |
| 📱 M-Pesa (via provider) | $250+ | Instant | 1–3 business days | $0 | Popular in Kenya, fast deposits |
| 💻 E-wallets (e.g. Neteller) | $250+ | Instant – 1 hour | 1–3 business days | $0 | Faster withdrawals than banks |
| 🪙 Crypto (if available) | Varies | Near instant | 1–24 hours | $0 | Network fees may apply |
How to Deposit Funds to CMTrading
- Log in to your CMTrading account
- Go to the “Deposit” section in your dashboard
- Choose your preferred payment method
- Enter the amount and confirm the transaction
Deposits are processed quickly depending on the method used.
How to Withdraw Funds with CMTrading
Log in to your account
Click on “Withdraw”
Enter the amount and submit your request
Wait for approval and processing
Withdrawal requests are usually reviewed within a few business days.
How long do withdrawals take with CMTrading in Kenya?
Withdrawals with CMTrading usually take up to 3 business days for internal processing. After approval, the time depends on the method used, such as cards or bank transfers, which may take an additional 2–5 business days to reflect.
Can I use M-Pesa to deposit and withdraw with CMTrading?
Yes, Kenyan traders can use M-Pesa for deposits through supported payment providers, making funding quick and convenient. However, withdrawals may not always go directly to M-Pesa, and alternative methods like bank transfers or cards are commonly required for payouts.
CMTrading Education & Research Overview
| 📘 Category | 📊 Details | 🎯 Best For | ⭐ Key Features |
| 🎥 Video Courses | Beginner, Intermediate, and Advanced courses with 100+ lessons | All levels | Step-by-step learning, practical strategies, structured progression |
| 📖 E-Books | In-depth guides covering trading basics, strategies, and markets | Beginners & intermediate | Learn at your own pace, covers risk management and technical analysis |
| 🎙️ Smart Trading Talks (Podcast) | Educational podcast episodes on trading concepts and strategies | All traders | Covers leverage, pips, signals, and market insights |
| 📺 Webinars | Live online sessions hosted by trading experts | Intermediate & advanced | Real-time learning, interactive Q&A sessions |
| 🏫 Live Seminars | In-person training events (mainly Africa-based) | Beginners & aspiring traders | Hands-on training, community learning experience |
| 🎬 Training Videos | Tutorials on trading strategies, tools, and markets | All levels | Covers forex, indicators, and trading techniques |
| 🛠️ How-To Videos | Platform and account tutorials (deposit, withdrawal, setup) | Beginners | Step-by-step platform guidance |
| 📊 Market Research Tools | Trading Central, signals, economic calendar, analysis tools | Active traders | Daily insights, technical & fundamental analysis |
| 👨🏫 1-on-1 Training | Personal coaching with a market analyst | Advanced traders | Personalized strategies and guidance |
Can Kenyans Join The CMTrading IB Or Affiliate Program?
CMTrading IB & Affiliate Program
Availability for Kenyan Traders
The CMTrading partnership programs are open internationally, meaning traders, marketers, and entrepreneurs in Kenya can register and participate. There are no country-specific restrictions mentioned for joining the IB or affiliate program.
How the IB Program Works
- You refer clients to CMTrading
- You build relationships and help onboard traders
- You earn commission based on the trading activity of your referrals
- An IB does not trade on behalf of clients but earns from their activity.
In simple terms: You bring traders → they trade → you earn ongoing commissions.
Affiliate Program Structure
CMTrading also offers a multi-tier affiliate system, which means:
- You earn from direct referrals
- You may also earn from sub-affiliates (2-tier or 3-tier structures)
- Commission models can include CPA (cost per acquisition) or revenue share
Some programs offer payouts starting around $150 CPA, depending on performance.
Can anyone in Kenya join the CMTrading IB or Affiliate program?
Yes, Kenyan residents can join CMTrading’s IB or Affiliate program as it is globally accessible. You simply need to register through the partner portal, get approved, and start referring clients using your unique tracking links to earn commissions.
How do Kenyan affiliates earn money with CMTrading?
Affiliates earn through commission models such as CPA (cost per acquisition) or revenue share. This means you get paid when referred clients sign up, deposit, and actively trade, with earnings depending on trading volume and client activity over time.
CMTrading Customer Support
| Customer Support | CMTrading Customer Support |
| ⏰ Operating Hours | Monday – Friday, 08:00–21:00 (GMT+2) |
| 🔊 Support Languages | English (primary) + regional support depending on office |
| 👥 Live Chat | Available on official website (fastest support option) |
| ☎️ Email Address | support@cmtrading.com |
| 🏆 Telephonic Support | International & regional numbers (e.g. +27 South Africa line) |
| 📍 The overall quality of CMTrading Support | Generally responsive with account managers and live chat support; many users report helpful guidance, though experiences can vary |
CMTrading Awards & Recognition
CMTrading has received numerous industry awards over the years, highlighting its performance, growth, and client services. In fact, the broker has won more than 19 awards from various financial institutions and organizations.
| 🏅 Award Title | 📅 Year | 🌍 Region |
| 🥇 Best Financial Broker in Africa | 2025 | Africa |
| 🥇 Best Financial Broker South Africa | 2025 | South Africa |
| 🥇 Fastest Growing Financial Broker | 2025 | GCC |
| 🥇 Best Growing Broker | 2023 | Kenya |
| 🥇 Most Innovative Forex Broker | Multiple Years | Africa & GCC |
| 🥇 Best Trading Experience | Multiple Years | Global |
| 🥇 Best Customer Support Broker | Multiple Years | Africa |
Verdict On CMTrading: Should You Trade With CMTrading In 2026?
Yes, but with conditions. CMTrading can be a solid choice for many traders in 2026—especially in Africa—but it’s not perfect and requires informed decision-making.
Advantages And Disadvantages Of CM Trading In Kenya
| 🟢 Pros | 🔴 Cons |
| Licensed by FSCA (South Africa) and FSA (Seychelles), providing a legitimate and monitored trading environment | Not licensed by Kenya’s Capital Markets Authority, meaning no local investor protection |
| Client funds are kept in segregated bank accounts, enhancing protection and transparency | Spreads, deposits, and some fees are higher than competitors |
| Offers courses, webinars, and 1-on-1 training ideal for beginners and intermediate traders | No KES accounts—funds are converted to USD/EUR, adding extra costs |
| Accepts Kenyan traders and has a strong presence across Africa | Some reviews report additional transaction or withdrawal conditions/fees |
| Supports MetaTrader and WebTrader, giving flexibility in trading styles | FSCA/FSA are not considered top-tier global regulators (like FCA/ASIC) |
Summary OfCM Trading’s Key Features And Services
| 🏛 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) | 32350 KES KES or an equivalent to $250 |
| ✅ 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 |
Frequently Asked Questions
Is CMTrading a regulated broker?
CMTrading is regulated by the Financial Sector Conduct Authority (FSCA) and the Financial Services Authority (FSA). These licenses provide oversight and operational standards, although it is not regulated by top-tier authorities like FCA or ASIC.
Can Kenyan traders use CMTrading?
Yes, CMTrading accepts traders from Kenya and provides access to its trading platforms and account types. However, it is not licensed by the Capital Markets Authority (CMA), so local regulatory protection and dispute resolution are limited.
What is the minimum deposit at CMTrading?
The minimum deposit for CMTrading typically starts at $250 for a Basic account. Higher-tier accounts such as Trader, Gold, Premium, and VIP require significantly larger deposits, offering improved spreads, additional features, and more personalized trading support.
Which trading platforms does CMTrading offer?
CMTrading provides access to platforms such as MetaTrader 5 and WebTrader. These platforms support multiple asset classes, advanced charting tools, and mobile trading, allowing users to trade efficiently from desktop or smartphone environments.
Does CMTrading charge commissions?
CMTrading offers commission-free trading on Basic and Trader accounts, where costs are included in spreads. Premium and VIP accounts may use ECN-style pricing, which can include smaller spreads along with a commission depending on the trading instrument and conditions.
How long do withdrawals take at CMTrading?
Withdrawals at CMTrading typically take up to three business days for internal processing. After approval, the time depends on the payment method, with cards and bank transfers usually requiring an additional two to five business days to complete.
Does CMTrading offer a demo account?
Yes, CMTrading provides a demo account that allows traders to practice using virtual funds. It typically lasts for about 90 days and includes access to trading platforms and tools, helping users test strategies without risking real money.
Are there any bonuses available at CMTrading?
CMTrading offers bonuses such as deposit bonuses, referral rewards, and risk-free trades through its Protected Stage feature. However, these promotions usually include conditions, such as trading volume requirements, before profits or bonuses can be withdrawn.
What instruments can I trade with CMTrading?
CMTrading provides access to a wide range of instruments, including forex, commodities, indices, cryptocurrencies, and stocks. This variety allows traders to diversify their portfolios and take advantage of different market opportunities across global financial markets.
Is CMTrading suitable for beginners?
Yes, CMTrading is considered suitable for beginners due to its educational resources, demo account, and structured account types. It also offers support and training tools, making it easier for new traders to learn and gradually build their trading skills.
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