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CMTrading in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%55
- Round-turn cost20%85
- Safety20%10
- Payouts15%40
- Track record10%70
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- GCMT Limited
- Founded
- 2012
- Retail leverage
- 200KE
- Round turn
- 8 USDKE
- Currencies
- USD primary; no verified KES account.
- Swap-free account
- yes
Licence check
Open an account with CMTradingThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- GCMT Limited
- Local standing
- NOT locally regulated by Kenya's CMA. Operates as offshore broker accepting Kenyan clients. No CMTrading-specific CMA alert verified at review.
- Licence as the register states it
- No local CMA licence. Relies on FSCA(ZA) 38782 + FSA Seychelles SD070.
- Leverage for this entity
- Up to 1:200.
- The firm behind it
- Global Capital Markets Trading; founded 2012, Johannesburg; offshore Seychelles entity serves East Africa.
- What we hold against it
- FLAG: offshore-regulated only, outside Kenya CMA's local-licence regime; limited domestic recourse.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNOT locally regulated by Kenya's CMA. Operates as offshore broker accepting Kenyan clients. No CMTrading-specific CMA alert verified at review.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Basic/Silver/Gold/Premium/VIP, entry min ~USD 300 (or lower via local methods). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Withdrawal, h 72 · Fee, USD 0 · Min, USD 50.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://cmtrading.com/m-pesa
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (5 methods · 1 local)
M-Pesa (instant, commission-free), cards, bank transfer, Skrill/Neteller.
- M-Pesalocal
- Cards
- Bank transfer
- Skrill
- Neteller
- Account currency
- USD primary; no verified KES account.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(5 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(9 platforms)
- MT4
- WebTrader
- mobile app
- copy-trading
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.5 |
| WebTrader | — | 1.5 |
| mobile app | — | 1.5 |
| copy-trading | — | 1.5 |
| Forex pairs | 51 | — |
| Shares | 73 | — |
| Indices | 16 | — |
| Commodities | 15 | — |
| Crypto | 21 | — |
71 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 65 more.
Identical for every row: Leverage 200 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.1 | 192 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(3 for and 5 against, each tied to a figure on this page)
- Swap-free account available
- Round-turn cost 85 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, WebTrader, mobile app, copy-trading
- Round turn 8 USD on the raw + commission basis, over the Kenya median 7
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the Kenya median 25
- Withdrawal in 72 h, over the Kenya median 48
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #18
- Round turn, USD
- 9KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 400KE
- Rank in this country
- #13
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
- Round turn, USD
- 6KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #12
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | CMTrading |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 55 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 85 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 70 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
Where CMTrading sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 8 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 100 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:200 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does CMTrading accept residents of Kenya?
- No. NOT locally regulated by Kenya's CMA. Operates as offshore broker accepting Kenyan clients. No CMTrading-specific CMA alert verified at review. Onboarding entity: GCMT Limited
- Is CMTrading licensed to serve clients in Kenya?
- No local CMA licence. Relies on FSCA(ZA) 38782 + FSA Seychelles SD070. Checked on 09.07.2026.
- How much does one round turn cost at CMTrading?
- About 8.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does CMTrading offer to retail clients in Kenya?
- Up to 1:200. leverageGeo: Up to 1:200.
- Which trading platforms does CMTrading support?
- MT4, WebTrader, mobile app, copy-trading. Instruments: FX, indices, commodities, shares, crypto CFDs.
- How can I withdraw money from CMTrading in Kenya?
- M-Pesa (instant, commission-free), cards, bank transfer, Skrill/Neteller. Typical withdrawal time: 72.0 hours.
- What account types does CMTrading offer?
- Basic/Silver/Gold/Premium/VIP; entry min ~USD 300 (or lower via local methods).
- Does CMTrading offer a swap-free (Islamic) account?
- Yes. CMTrading offers a swap-free (Islamic) account to Kenya residents.