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CMTrading vs M4Markets

CMTrading vs M4Markets Comparison Table 2024
CMTrading M4Markets
Review
3.5
Review
3.6

CMTrading is one of South Africa's leading online day trading brokers, offering trades with leverage up to 1:1000 on the MetaTrader 4 and browser-based Sirix platforms as well as a bespoke copy trading service. The brokerage launched in 2012 and holds a license with South Africa’s Financial Sector Conduct Authority (FSCA).

M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

Bonus Offer
50% deposit bonus up to $10,000
Comment by Reviewer
"CMTrading is a great choice for traders based in South Africa looking to access highly leveraged forex and CFDs, plus copy trading tools and short-term signals." "M4Markets will serve active investors looking for highly leveraged trading on powerful third-party platforms. Other investment opportunities are also available, including copy trading and MAM/PAMM accounts."
Pros
  • The broker supports the powerful MetaTrader 4 platform plus a proprietary Webtrader and a bespoke social trading feature
  • There's a decent array of educational resources for beginners on the online academy
  • Clients can access free short-term forex signals from the broker's platform
  • M4Markets is a low-cost broker, offering spreads from 0.0 pips and $0 commissions, plus an accessible $5 minimum deposit
  • Execution speeds are fast, averaging 30 ms (we consider anything below 100 ms as fast and suitable for active day traders)
  • The broker offers a range of hands-off trading opportunities, including a copy trading service, plus MAM/PAMM accounts
  • There’s a wide range of global payment methods available, with no deposit or withdrawal fees
  • Reliable 24/5 customer support is available in 10 languages via live chat, telephone and email
  • M4Markets holds multiple global licenses, including the CySEC and DFSA
Cons
  • Spreads are uncompetitive across accounts compared to competitors
  • The broker's market coverage is limited, including only 100+ stocks
  • There are no additional third-party analysis tools such as AutoChartist
  • The educational resources trail the best brokers with only a small selection of eBooks and webinars offered
  • The range of around 200 investments is slim compared to top brokers, who typically offer over 1000
  • M4Markets doesn't offer any rebate schemes or rewards for active traders
Awards
  • Best Deposits & Withdrawals Broker, Fazzaco
  • Most Transparent Broker, World Finance Awards
  • Best Trading Conditions Broker Global, International Business Magazine
Instruments
Forex, CFDs, Indices, Shares, Energies, Metals, Cryptos Forex, CFDs, Indices, Shares, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $5
Trading Platforms
  • CMTrading Webtrader
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSCA, FSA FSA, CySEC
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
Android App Rating
4.8
iOS App Rating
5
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes (APIs)
Copy Trading
Yes Yes
Copy Trading Platform
The broker's Copykat solution lets clients watch, copy and replicate the success of others traders. Clients can start mirroring positions once they have opened an account with a $250 minimum payment. M4Markets continues to deliver a user-friendly copy trading service to beginners looking to mirror other strategies and to experienced investors looking to become a mentors. The service easily synchronizes with your trading platform and is active 24/7.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • ZAR
  • USD
  • EUR
  • GBP
  • JPY
  • ZAR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, shares, indices, energies, metals and cryptocurrencies with variable leverage up to 1:200 and floating spreads. Traders can use the popular MetaTrader 4 platform or try the user-friendly, web-based Sirix, which also delivers real-time trading tips and detailed market forecasts. M4Markets offers CFD trading across forex, stocks, indices, commodities and cryptocurrencies. Day traders can access powerful charting platforms with multiple order types and built-in indicators. There’s also a good selection of data-driven analysis tools supplied by reputable provider, Acuity.
Leverage
1:200 1:1000
FTSE Spread
35 From 0.01
GBPUSD Spread
2.6 Raw from 0.0 pips
Oil Spread
6 From 0.01
Stocks Spread
0.1 N/A
Forex Trading
Trade 50 forex pairs with floating spreads starting from 2+ pips on the regular account through to a minimum of 0.9 pips on premium ECN accounts. Traders benefit from in-depth forex education resources on CMTrader's academy and from daily signals. M4Markets offers 45+ currencies with zero pip spreads. The low latency and 30-millisecond execution speeds makes the broker a decent choice for forex day traders. Additionally, there are no restrictions on trading strategies, including scalping.
GBPUSD Spread
2.6 Raw from 0.0 pips
EURUSD Spread
1.5 Raw from 0.0 pips
EURGBP Spread
2.6 Raw from 0.0 pips
Assets
50 50
Cryptocurrency
Trade 23 of the most popular cryptocurrency assets, including BTC, ETH and SOL, in CFD pairs with USD and spreads from 0.02. Traders will not own the underlying tokens with these derivatives. M4Markets offers a decent range of 15 crypto CFDs paired with USD. Traders can get started with as little as $5 and enjoy zero commissions on crypto trades. Spreads on BTCUSD average around 14.1 which is competitive and in line with the top low-cost crypto brokers.
Spread
From 0.02 From 0.0 pips
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • LINK
  • XLM
  • XMR
  • XDG
  • SOL
  • BCH
  • ADA
  • DOT
  • UNI
  • SHIB
  • VET
  • TRX
  • XEM
  • THT
  • BNB
  • MATIC
  • MANA
  • BTC
  • ETH
  • LTC
  • XRP
  • DOGE
  • DASH
  • XMR
  • OMG
  • NEO
  • QTUM
  • ZEC
  • DOT
  • SOL
  • ETX
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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