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15 alternatives Expert-reviewed Updated 2026

CM Trading vs Top 15 Alternatives — Side-by-Side Comparison (2026)

15 top-rated brokers compared to CM Trading (rated 3.0/5). Every alternative is independently scored on fees, regulation, demo accounts, and platforms.

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Deriv

4.0
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CM Trading

Currently comparing against

CM Trading

3.0
Full review
Quick Answer

The best alternatives to CM Trading in 2026 are ForTrade (4.3/5), Bybit (4.2/5), Interactive Brokers (4.4/5). For lower fees, Bybit offers spreads from 0.1 pips. For stronger regulation, ForTrade holds tier-1 licences (FCA). For lowest entry, Interactive Brokers requires no minimum deposit.

See side-by-side comparison below

CM Trading vs Top 5 Alternatives — At a Glance

BrokerRatingMin DepositSpread fromDemo AccountRegulation
CM Trading
CM TradingThis broker
2.98
$2501 pips✓ Free demo
FSCA
Review
4.25
$1001 pips✓ Free demo
FCA
Visit
4.15
$00.1 pips✓ Free demo
FMASCA
Visit
4.43
$00.2 pips✓ Free demo
SECMAS
Visit
4.43
$00.2 pips✓ Free demo
CFTCFCA
Visit
4.40
$1000.8 pips✓ Free demo
MASCFTC
Visit

All 15 alternatives ranked below. Demo accounts are free across all listed brokers — no deposit required to test platforms.

CM Trading

Why traders look for CM Trading alternatives

Rating: 3.0/5Spread: 1 pipsMin deposit: $250Regulated: FSCA

Strengths

+FSCA regulated
+Strong Africa presence
+ZAR accounts
+Copy trading available

Common reasons to switch

−FSCA only regulation
−Higher minimum deposit

Best CM Trading alternative by category

CM Trading vs ForTrade — quick comparison

CM TradingForTrade
Rating3.04.3 ✓
Min spread1 pips1 pips
Min deposit$250$100 ✓
RegulationFSCAFCA, CySEC, FSC ✓

If you want… choose this alternative

CM Trading Alternatives — Overview

CM Trading is rated 3.0 out of 5, regulated by FSCA and headquartered in Johannesburg, South Africa. While it remains a solid choice for many traders offering forex, cfd, indices, commodities, crypto, stocks markets, there are 15 alternatives worth considering in 2026 depending on your trading priorities.

The highest-rated alternative is ForTrade (4.3/5), regulated by FCA, CySEC, FSC, DFSA. Other strong contenders include Bybit (4.2/5), Interactive Brokers (4.4/5), Kraken (4.4/5).

Key factors when choosing a CM Trading alternative include regulation strength, trading fees and spreads, minimum deposit requirements, available markets, and platform quality. We score every broker on these criteria independently using our transparent rating methodology — ratings are not influenced by commercial relationships. CM Trading's minimum spread starts at 1 pips with a $250 minimum deposit — several alternatives below offer tighter spreads or lower entry requirements. Use our spread calculator to estimate your trading costs, or take the broker finder quiz for a personalised recommendation.

Top 15 Alternatives to CM Trading

Spread: 1 pips
Min deposit: $100
Markets: stocks, cfd, indices, crypto
Higher rating (4.3 vs 3.0) FCA regulated Lower min deposit ($100)
#2
Bybit
Spread: 0.1 pips
Min deposit: None
Markets: crypto
Higher rating (4.2 vs 3.0) Tighter spreads (0.1 pips) Lower min deposit ($0)
Spread: 0.2 pips
Min deposit: None
Markets: indices, commodities, forex, cfd
Higher rating (4.4 vs 3.0) SEC, MAS, FCA, ASIC regulated Tighter spreads (0.2 pips)
#4
Kraken
Spread: 0.2 pips
Min deposit: None
Markets: crypto
Higher rating (4.4 vs 3.0) CFTC, FCA regulated Tighter spreads (0.2 pips)
Spread: 0.8 pips
Min deposit: $100
Markets: stocks, commodities, indices, cfd
Higher rating (4.4 vs 3.0) MAS, CFTC, FCA, ASIC regulated Tighter spreads (0.8 pips)
Spread: 0.5 pips
Min deposit: None
Markets: crypto
Higher rating (4.4 vs 3.0) FCA, SEC regulated Tighter spreads (0.5 pips)
#7
FxPro
Spread: 0.6 pips
Min deposit: $100
Markets: forex, stocks, commodities, cfd
Higher rating (4.1 vs 3.0) FCA, ASIC regulated Tighter spreads (0.6 pips)
#8
XT.com
Spread: 0 pips
Min deposit: None
Markets: crypto
Higher rating (4.1 vs 3.0) Tighter spreads (0 pips) Lower min deposit ($0)
#9
OANDA
Spread: 0.6 pips
Min deposit: None
Markets: cfd, commodities, indices, forex
Higher rating (4.3 vs 3.0) ASIC, MAS, CFTC regulated Tighter spreads (0.6 pips)
#10
IG Group
Spread: 0.6 pips
Min deposit: $250
Markets: commodities, indices, cfd, stocks
Higher rating (4.3 vs 3.0) SEC, MAS, FCA, ASIC regulated Tighter spreads (0.6 pips)
Spread: 0.4 pips
Min deposit: None
Markets: crypto
Higher rating (4.3 vs 3.0) MAS, FCA regulated Tighter spreads (0.4 pips)
#12
Upbit
Spread: 0 pips
Min deposit: None
Markets: crypto
Higher rating (4.3 vs 3.0) MAS regulated Tighter spreads (0 pips)
#13
Plus500
Spread: 0.6 pips
Min deposit: $100
Markets: commodities, cfd, indices, crypto
Higher rating (4.0 vs 3.0) MAS, ASIC, FCA regulated Tighter spreads (0.6 pips)
#14
AvaTrade
Spread: 0.9 pips
Min deposit: $100
Markets: forex, crypto, indices, commodities
Higher rating (4.0 vs 3.0) MAS, ASIC, FCA regulated Tighter spreads (0.9 pips)
#15
Deriv
Spread: 0.5 pips
Min deposit: $5
Markets: forex, commodities, indices, crypto
Higher rating (4.0 vs 3.0) Tighter spreads (0.5 pips) Lower min deposit ($5)

Risk warning: Trading CFDs and forex carries significant risk. Ensure you understand the risks before depositing funds. Capital is at risk.

How to switch from CM Trading to an alternative

1

Open new account

Sign up with your chosen CM Trading alternative and complete identity verification.

2

Fund & test

Deposit funds and test the platform with a demo or small live trades.

3

Transfer positions

Close or transfer open positions at CM Trading. Some brokers support ACATS transfers.

4

Withdraw & close

Withdraw remaining balance from CM Trading and close the account if no longer needed.

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Frequently Asked Questions

1

What are the best alternatives to CM Trading?

The top alternatives to CM Trading include ForTrade, Bybit, Interactive Brokers. These brokers offer similar markets with competitive fees and strong regulation.

2

Why switch from CM Trading?

Traders may look for CM Trading alternatives for lower fees, better platform selection, tighter spreads, different regulation, or access to markets not offered by CM Trading.

3

How do I compare CM Trading with alternatives?

Use BrokerRank's side-by-side comparison tool to compare CM Trading with any broker on fees, regulation, platforms, and markets. Visit our compare page to build your own comparison.

4

Is ForTrade better than CM Trading?

ForTrade is rated 4.3/5 compared to CM Trading's 3.0. The best choice depends on your priorities — ForTrade may offer advantages in fees, regulation, or platform features. Compare them side by side to decide.

5

How do I transfer my account from CM Trading to another broker?

To switch from CM Trading: 1) Open an account with your chosen alternative, 2) Complete verification (KYC), 3) Fund your new account, 4) Transfer or close open positions at CM Trading, 5) Withdraw remaining funds. Most brokers complete the process within 1–5 business days.

6

What is the cheapest alternative to CM Trading?

XT.com offers spreads from 0 pips, making it one of the most cost-effective alternatives to CM Trading.