According to its official website, CMTrading is a forex and CFD brand operating in international markets since 2012 that presents itself as Africa's largest local broker; it says it has offices in Johannesburg, Lagos, Abuja, Dubai, Herzliya, Limassol, Mahé and Sofia. The brand is owned by GCMT Limited, a securities dealer the site says is authorised by the Seychelles Financial Services Authority (FSA) under licence SD070; all trading accounts, execution and client funds are administered by this company. Marketing to South African clients is conducted through Blackstone Marketing SA (Pty) Ltd (FSP 38782), authorised by the FSCA, and its juristic representative GCMT South Africa (Pty) Ltd; the site states clearly that contracts resulting from this marketing are between the client and GCMT Limited in the Seychelles. In the UAE, CM Global Financial L.L.C S.O.C only promotes the services and introduces clients under a Category 5 arrangement and advice licence from the UAE Capital Market Authority (CMA); CMT Processing Limited in Cyprus is an independent representative and distributor. The holding company is GCMT Group Ltd in the Seychelles. Account types are Basic (USD 250+), Trader (USD 2,000+), Gold (USD 20,000+), Premium (USD 85,000+) and VIP Club (USD 250,000+), accompanied by promotions such as welcome bonuses, Protected Stage and capital insurance. Trading is offered on MetaTrader 5, CMTrading Webtrader and mobile apps. This information is the company's own statement.
ScopeListed in the FSCA register as an authorised (Authorized) financial services provider under Blackstone Marketing SA (Pty) Ltd (FSP 38782); authorised since 7 Apr 2009; approved product classes: derivative instruments.
StatusVerified
FSA (Seychelles)
Licence no.SD070
Licence holderGCMT Limited
ScopeThe company states that GCMT Limited is authorised by the Seychelles Financial Services Authority (FSA) as a securities dealer (SD070). This record has not yet been verified in the official register.
StatusPending verification
CMA (United Arab Emirates)
Licence no.20200000478
Licence holderCM Global Financial L.L.C S.O.C
ScopeThe company states that CM Global Financial holds a Category 5 (arrangement and advice) CMA licence; it only promotes and introduces clients and holds no client funds. This record has not yet been verified in the official register.
StatusPending verification
User complaints
User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.
Period reviewed: January 2023 – October 2026
Account / trading conditions: 24
Other: 19
Customer support: 15
Withdrawal / payment: 12
Bonus / promotion: 4
Identity verification: 1
HIGH — COMPLAINT LEVEL
36% of institutions with complaint records received more complaints than this one.
BY TOPIC — Account / trading conditions: High · Other: Very high · Customer support: Very high · Withdrawal / payment: Medium · Bonus / promotion: Very high · Identity verification: Medium
The complaint distribution is based on the latest 1-star reviews on CMTrading's Trustpilot page (70) and WikiFX (5) records as of 10 October 2026; one person's reviews count once, and records about fake sites and third parties using the CMTrading name are left out. Across the complaints, losses following analysts' guidance, persistent calls from representatives urging investors to fund their accounts and allegations about withdrawal requests stand out.
Sources and verification history
Official company sourcescmtrading.com — homepage, Account Types, Our Story, Regulations, Deposit and Withdrawal Methods, Trading Apps pages and footer
Company registerCIPC (Companies and Intellectual Property Commission) — Blackstone Marketing SA (Pty) Ltd, 2010/010099/07 · GCMT South Africa (Pty) Ltd, 2013/045335/07 (stated on the website)
User feedback sourcesTrustpilot · Şikayetvar · WikiFX