CM Trading Review 2026
Full CM Trading review for Nigeria traders — regulation, spreads, fees and our honest verdict.
Regulation in Nigeria
| Regulator | FSCA — Financial Sector Conduct Authority (FSCA) |
| Licence Number | 38782 |
| Regulated Entity | Global Capital Pty Ltd |
| Max Leverage (Forex) | 1:400 |
| Minimum Deposit | $250 |
| EUR/USD Spread | From 1.8 pips |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 3 months |
Verdict
Regulated by FSCA (licence 38782). Minimum deposit $250. In Nigeria: maximum forex leverage 1:400.
About CM Trading
CM Trading was founded in 2012 and is headquartered in Johannesburg, South Africa. The broker offers 300 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Global Capital Pty Ltd under FSCA.
In Nigeria, CM Trading operates as Global Capital Pty Ltd, authorised by FSCA under licence number 38782. Nigeria traders are subject to a maximum leverage of 1:400 on forex pairs under FSCA rules.
Trading Platforms
Pros
- FSCA regulated — licence 38782
- 300+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: MT4, MT5
- Copy trading available
Cons
- Inactivity fee: USD10/month after 3 months
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is CM Trading regulated?
CM Trading holds FSCA licence 38782, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSCA public register.
What is the minimum deposit for CM Trading in Nigeria?
The minimum deposit is $250. This is the amount required to open a live trading account for traders in Nigeria under FSCA regulation.
What leverage does CM Trading offer in Nigeria?
In Nigeria, CM Trading offers maximum forex leverage of 1:400 under FSCA rules. Higher leverage may be available through offshore-regulated entities.
Is CM Trading safe to trade with?
CM Trading is regulated by FSCA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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