Change instrument, lot size, and hold duration. Compare CM Trading against all 100 brokers live.
CM Trading is a forex and CFD broker founded in 2012, headquartered in Johannesburg, South Africa. It is regulated by FSCA (licence 38782), FSA (licence SD053). The EUR/USD spread starts from 1.8 pips on a spread-only market-maker model — no separate commission, costs are built into the spread. The minimum deposit is $250. The broker offers 300+ tradable instruments. MetaTrader 4 and MetaTrader 5 are available. This page shows verified regulation data, a full trade cost breakdown, and how CM Trading compares to 100 other brokers on real trading fees.
| Regulator | Licence number | Legal entity | Max leverage | Countries |
|---|---|---|---|---|
| FSCA Tier 2 — Standard |
38782 |
Global Capital Pty Ltd | 400:1 | ZA, NG, KE, GH, TZ, EG |
| FSA Tier 3 — Offshore |
SD053 |
CM Trading Ltd | 500:1 | IL, AE, SA, IN, NG, KE, EG, BR, MX, MY +23 more |
| Hold duration | Spread cost | Commission | Swap (est.) | Total |
|---|---|---|---|---|
| Intraday (no overnight) | $18.00 | $0.00 | — | $18.00 |
| 1 night | $18.00 | $0.00 | $6.50 | $24.50 |
| 3 nights | $18.00 | $0.00 | $19.50 | $37.50 |
| 1 week | $18.00 | $0.00 | $45.50 | $63.50 |
| 1 month | $18.00 | $0.00 | $195.00 | $213.00 |
Swap rates are industry-typical estimates. Actual overnight rates vary per broker and change with interest rates. Commission is estimated from spread profile (Market Maker).
| Rank | Broker | Spread | Spread $ | Commission | Swap (est.) | Total |
|---|---|---|---|---|---|---|
| 1 | Pepperstone | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 2 | IC Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 | FP Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 4 | Exness | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 5 | Tickmill | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 6 | Eightcap | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 7 | RoboForex | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 8 | LiteFinance | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 96 | CM Trading | 1.8 pips | $18.00 | $0.00 | $6.50 | $24.50 |
| MetaTrader | MT4 & MT5 available |
| Copy trading | Yes |
| Real stock ownership | No (CFD only) |
| Retail loss rate | 76% of retail accounts lose money |
| Inactivity fee | USD10/month after 3 months |
| Headquarters | Johannesburg, South Africa |
| Founded | 2012 |
Data sourced from official regulator registers (FCA, ASIC, CySEC, MAS and others), verified 2026-09-15. Spread figures are typical/minimum and may differ on live accounts. Trade cost estimates use standard lot sizes and typical industry swap rates. This page does not constitute financial advice. Read full CM Trading review →