South Africa’s first regulated broker-matcher

Advertiser disclosure

TradeFX may earn from ads or affiliate links. This never influences our editorial content or recommendations. Read more here.

CMC Markets Broker Review

2.9

/ 5

250
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Reviewed by

In this review

Minimum deposit

Platforms

Regulation

Tradable Markets

TradeFX Rating

2.9

/ 5

TFX Overall Score

The TradeFX score is calculated using our independent methodology, based on multiple broker criteria including regulation, fees, platform features, and trader experience.

We review and update our data regularly to keep comparisons current.

SA Focused

TradeFX evaluates brokers using an independent, criteria-based methodology designed to reflect what matters most to real traders. Our TradeFX score is calculated across multiple factors, including broker regulation and trust signals, total trading costs (spreads, commissions, swaps and non-trading fees), platform and tool quality, product offering, deposit/withdrawal experience, customer support responsiveness, and the overall trading experience across web and mobile.

We review and update our broker data regularly to keep our comparisons current and consistent. While we aim to provide objective, data-driven insights, trading and investing involve risk — so we always recommend that you do your own independent due diligence and verify key details directly with the broker and relevant official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Standout features for South African traders

Accepts South African Clients

No

Has Local Office

No

Trading Platforms

Mobile Trading

No

Tradable Markets

Account Types

Demo Account

No

Account Base Currencies

Maximum Leverage SA

Minimum Deposit

Local Deposits Available

No

Local Withdrawals Available

No

Same-Day Withdrawals

No

Islamic / Swap-Free Accounts

No

Automated Trading Allowed

No

Negative Balance Protection

No

Guaranteed Stop Loss

No

Stop-Out Level (%)

Promotions

Regulatory Bodies

Broker Trust and Regulation

Platforms and Tools

Fees and Spreads

Tradable Instruments

Trader Support

Deposits and Withdrawals

Account Types

CMC Markets Broker Review
Trade Nation
READ REVIEW
Accepts South African Clients ×No Yes Yes Yes
Trading Instrument CFDs CFDs, Spot Trading CFDs, Spread Betting
Tradable Markets Forex, Commodities, Indices, Shares / Equities, Crypto, Precious Metals, Energy Markets Forex, Commodities, Indices, Shares / Equities, Precious Metals, Energy Markets, Crypto Indices, Forex, Commodities, Shares / Equities, Energy Markets, Precious Metals, Bonds, Crypto, ETFs
Trading Platform MT4, Web Trading, MT5, Proprietary Trading Platform, Mobile App Trading MT4, MT5, Mobile App Trading, Proprietary Trading Platform, Web Trading Proprietary Trading Platform, MT4, TradingView, Mobile App Trading, Web Trading
Promotions No No Yes — Deposit Bonus, Trading Credits, Cashback / Rebates No
Account Base Currencies USD, ZAR, EUR, GBP, CAD, JPY, AUD, CHF USD, JPY, CHF, AUD, ZAR, GBP, EUR, CAD ZAR, GBP, AUD, USD, EUR
Maximum Leverage SA 1:2000 1:1000 1:500
Minimum Deposit R200 R100 R1,000
Has Demo Account ×No Yes Yes Yes
Same-Day Withdrawals ×No Yes ×No ×No
Negative Balance Protection ×No Yes Yes Yes

From a South African Perspective

CMC Markets is a reliable platform for global CFD and forex brokers. It began operating in 1989 as a trustworthy trading platform. Globally, the platform has been regulated by different authorities, including the UK’s top-tier Financial Conduct Authority (FCA). It is even listed on the London Stock Exchange.

You can find our transparent CMC Markets review below. Broker reviews are updated frequently!

We value your feedback: Rate this broker by leaving a comment and rating below this review.

On CMC Markets, you will find lower forex fees and no charges for withdrawals and deposits, apart from international withdrawals. It offers mobile and web trading platforms that are highly customizable and friendly designed with rich features. While trading with CFDs, you will not be charged a commission. CMC Markets, however, charge a commission on shares.

Brokers never publish their average spreads, but they do publish their minimum spreads. This makes it complex to compare the spreads with the rest of the brokers.

Trade with One of Our Top 3 Verified Brokers. Try their Risk-Free Demo Account!
[top_three_brokers]

Some Forex brokers have a minimum deposit requirement. SwissQuotes, for instance, requires a USD 1000 deposit as a minimum deposit. But the brokers like Price Markets have a higher deposit requirement. The industry standard for minimum deposits is USD 200, while the CMC market is based on $0 minimum deposit requirements.

Even if CMC does not have a minimum deposit requirement, you still need to have enough money in your CMC account to cover all margin requirements at the time of trading. CMC accepts several funding options, including bank transfer, credit/debit card, e-wallets, and PayPal.

Other broker reviews to check out

xm logo square transparent: xm.com
XM
4.4

/ 5

1500
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading leveraged products involves significant risk and can lead to the loss of your invested capital. Only trade if you understand the risks.
exness logo square transparent: exness.com
Exness
4.4

/ 5

1500
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs is high risk. You can lose money rapidly due to leverage. Only trade if you understand the risks and can afford losses.
trade nation logo square transparent: tradenation.com
Trade Nation
4.3

/ 5

1370
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs is high risk. Leverage can magnify losses, and you may lose your deposit. Only trade with money you can afford to lose.
deriv logo square transparent: deriv.com
Deriv
3.9

/ 5

1370
matches to this broker

Score out of 2,500: This reflects how many South African traders would likely match with this broker, based on an algorithm that compares the broker’s offering to the typical needs of South African traders.

Trading CFDs and options involves high risk and you can lose your capital. Leverage can amplify losses. Only trade if you understand the risks.

TradeFX helps traders learn, compare brokers, and make informed decisions through independent insights and educational content.

TradeFX does not provide trading services.

Trade Now (PTY) Ltd – Registration No. 2025/947512/07

A juristic representative and agent of CFD Central Securities (PTY) Ltd Registration No. 2008/008752/07 (FSP No. 35731)

Registered Office: La Concorde, 57 Main Road, Paarl, Western Cape, 7646, South Africa

© 2026. TradeFX

Disclaimer:

Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks.

TradeFX is not a broker and does not provide trading or investment services. We do not execute trades or hold client funds. Broker listings may include affiliate relationships.
For further information please read our General Terms and Conditions.

Advertiser disclosure:

TradeFX is free to use. In some cases, we may earn a commission from broker partners featured on our platform; at no additional cost to you. These commercial relationships help support the operation and ongoing development of TradeFX.

Importantly, all broker information, comparisons, and educational content presented on TradeFX are created using our own independent methodology. Our assessments are designed to be objective, user-focused, and prepared with the best interests of our users in mind. Partner relationships do not influence our evaluations, rankings, or matching outcomes.

Our goal is simple: to help traders make informed decisions through clear, unbiased, and transparent information.

Powered by Pop Squad

Learn more. Earn more.

TradeFX rewards engagement and learning.

Earn TFX coins by reading articles, completing educational content, and exploring broker insights… unlocking exclusive benefits along the way.