Wikilix
CMF logo

CMF

Regulated
China
Since 2001
Last Updated:

Trading Conditions

Min Deposit:
CNY1
Max Leverage:
500
Account Types
N/A

Official website

Homepage of qh.newone.com.cn as we captured it

qh.newone.com.cn

Online · checked Sep 10, 2026

8 pages archived · Aug 31, 2026

Funding Methods

3 methods

Bank Transfer

bank transfer
Up to 1 day
Fee:Not recorded
Fee:Not recorded

Telegraphic Transfer (Wire Transfer)

wire transfer
Up to 1 day
Fee:Not recorded
Fee:HK$50

Offline Withdrawal (Form or Email)

other
Not recorded
Fee:Not recorded
Fee:HK$50

Trust rating

High risk

44 out of 100 · 52% checked· Provisional

The licences it claims have not been checked on any official register.

We checked CMF on 2026-10-23 across its regulation, company record, client terms, trading offer and service, and could verify 52% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 44 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.

Score last calculated 2026/10/23

Company Information

Full Name:China Merchants Futures Co., Ltd.
Founded:2001
Headquarters:China
Enterprise Offices:N/A

Customer Support

Phone:
—
Live Chat:
Available
Response Time:
—
Languages:
Chinese (Simplified)Chinese (Traditional)
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about CMF: its history, the licences it holds, its trading conditions and its fees.

Introduction

In the dynamic world of online trading, selecting a reliable and innovative broker is paramount for both novice and experienced traders. CMTrading has emerged as a prominent player, offering a comprehensive suite of trading services tailored to meet the diverse needs of its global clientele. Founded with a vision to empower traders through technology and education, CMTrading has built a strong reputation for transparency, regulatory compliance, and customer-centric solutions.

With over a decade of experience, CMTrading has expanded its presence across multiple continents, serving more than one million users worldwide. This article provides a detailed overview of the company’s background, key features, regulatory framework, trading conditions, fee structure, user experience, and recent developments. The goal is to offer a thorough understanding of what makes CMTrading a noteworthy broker in today's competitive market.

Background and History

Established in 2012 by Ibrahim Aita, CMTrading began as a forex and CFD broker headquartered in Johannesburg, South Africa. The company’s founding principle—“by traders, for traders”—reflects its commitment to building a platform that prioritizes the needs and insights of active market participants. Over the years, CMTrading has evolved from a regional broker into a global entity, expanding its operations and regulatory footprint across various jurisdictions.

Throughout its growth, CMTrading has focused on technological innovation and regulatory adherence, earning several industry awards for customer service and innovation. Its client base has grown to over one million users, a testament to its ability to adapt and meet the demands of an increasingly sophisticated trading community.

Key Features and Offerings

Trading Platforms

CMTrading offers a variety of platforms to cater to different trader preferences. This includes the widely popular MetaTrader 4 (MT4), which provides advanced charting tools, technical analysis, and automated trading capabilities. Additionally, the broker offers a proprietary web-based platform featuring a user-friendly interface, real-time market quotes, and one-click trading functionality. For mobile traders, dedicated iOS and Android applications provide full trading capabilities, secure login, and push notifications.

Account Types

To accommodate traders of all experience levels, CMTrading provides three main account types:

Account Type

Minimum Deposit

Key Features

Target Users

Standard Account

$100

Basic trading access, no commission on forex

Beginner and casual traders

Silver Account

$2,000

Dedicated account manager, enhanced support

Intermediate traders seeking personalized service

Gold Account

$5,000

Higher-tier benefits, personalized service, priority support

Experienced traders requiring premium features

Tradable Instruments

CMTrading provides access to a broad range of over 150 tradable assets across multiple markets:

  • Forex: Major, minor, and exotic currency pairs

  • Commodities: Gold, silver, oil, and others

  • Indices: Global stock indices

  • Cryptocurrencies: Bitcoin, Ethereum, and more

This diverse selection allows traders to diversify their portfolios and capitalize on various market opportunities.

Regulatory Compliance and Licensing

Regulatory oversight is a critical factor in choosing a broker, and CMTrading maintains active licenses in multiple jurisdictions to ensure client protection and operational transparency. The company adheres to international standards, emphasizing the security of client funds and ethical business practices.

Regulator

License Number

Status (2025)

Financial Sector Conduct Authority (FSCA), South Africa

49334

Active

Financial Services Authority (FSA), Seychelles

SD018

Active

These licenses authorize CMTrading to operate in South Africa and Seychelles, while also underpinning its global expansion efforts.

Trading Conditions and Platform Technology

Trading Conditions

CMTrading offers competitive trading conditions designed to appeal to a wide range of traders. Spreads start from as low as 0.1 pips on forex pairs, which is attractive for cost-conscious traders. Leverage can go up to 1:500, though this varies by jurisdiction and instrument. The $100 minimum deposit makes the platform accessible to traders with different levels of capital.

Instrument

Spreads

Leverage

Forex

From 0.1 pips (variable)

Up to 1:500

Commodities

From 0.01

Varies by instrument

Indices

From 1.0 (variable)

Varies by instrument

Cryptocurrencies

From 0.5% (variable)

Varies by instrument

Platform Technology

CMTrading’s technology infrastructure is designed for a seamless and efficient trading experience. The MetaTrader 4 platform remains a favorite for its advanced charting and automated trading capabilities. The proprietary web platform offers a modern, intuitive interface with real-time market data and one-click execution, ideal for traders who prefer a streamlined approach.

Mobile trading is fully supported through dedicated iOS and Android apps, which include features like push notifications and secure login protocols. Additional tools, such as an economic calendar, trading signals, and risk management features (stop-loss, take-profit), further enhance a trader's ability to make informed decisions.

Fee Structure

Transparency in fees is a hallmark of CMTrading’s service. The broker imposes no hidden charges, with clear policies on deposits, withdrawals, and commissions.

Fee Type

Details

Amount

Deposit Fees

Bank transfer, credit/debit card, e-wallets

No fees

Withdrawal Fees

Standard processing

No fees

Withdrawal Fees

Wire transfer

$25

Inactivity Fees

After 12 months of inactivity

$50 per month

Commission

Forex (Standard Account)

$0

Commission

Other instruments and account types

Varies

Account Maintenance Fees

All accounts

None

No account maintenance fees are charged, but overnight financing (swap) fees apply to positions held beyond trading hours.

User Experience and Market Reputation

CMTrading enjoys a solid reputation among its users, reflected in an average rating of 4.5 out of 5 on independent platforms like Trustpilot and ForexPeaceArmy. Traders frequently praise the broker’s responsive customer support, intuitive platforms, and comprehensive educational resources. The availability of dedicated account managers for Silver and Gold accounts adds a personalized touch that many clients appreciate.

Some users, however, have expressed concerns about withdrawal processing times and the inactivity fee policy. Despite these minor drawbacks, CMTrading is widely recognized for its innovation, regulatory compliance, and trader-focused approach, having earned multiple industry awards over the years.

Recent Developments

In 2024 and 2025, CMTrading undertook significant infrastructure upgrades to enhance system performance and scalability. These improvements provide traders with faster execution speeds and greater platform stability. Furthermore, the company has expanded into the institutional sector, offering services to other brokers and financial institutions, signaling its ambition to grow beyond retail trading.

The broker has also introduced new trading instruments and enhanced its mobile app features to improve the user experience. These developments contributed to CMTrading receiving multiple awards for innovation and customer service in 2024, reinforcing its position as a forward-thinking broker.

Conclusion

CMTrading stands out as a broker that combines robust regulatory compliance with innovative technology and a trader-centric philosophy. Its diverse product offerings, competitive trading conditions, and comprehensive educational resources make it an appealing choice for traders of all experience levels. While areas such as inactivity fees and withdrawal processing could be improved, the overall user experience and market reputation remain strong.

As CMTrading continues to evolve and expand its services, it is well-positioned to meet the demands of the global trading community, particularly in emerging markets. For traders seeking a reliable, regulated, and technologically advanced broker, CMTrading presents a compelling option worth considering.

Website archive
Captured

Website snapshots

8 full-page captures of CMF's own site, archived so what they said can still be read after the pages change.

8 pages
Homepage
Company Profile
Compliance Management
Contracts & Risk Disclosure
Client Margin Accounts
Complaints Handling
Individual Client Services
Branch Offices
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check

Regulatory Licenses

CMF is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

China Financial Futures Exchange 0136

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
China
Authority strength
Tier 1
Licence type
Dealing in futures contracts
Not yet checked on the register

Client protection under this licence

  • Compensation schemeDeposit insurance covers up to CNY 500,000 per depositor
  • Complaints routeExchange rules
  • Maximum leverage1:7

These are the rules CFFEX sets for the firms it licenses. They are not a statement about how CMF applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Deposits & withdrawals

Funding Methods

3 ways to fund an account.

3 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer
No cash deposits allowed. Deposits must be made before 4pm on business days with deposit slips emailed for verification. Third-party deposits not accepted. Bank account name must match withdrawal request.
Not recordedNot recordedNot recordedNot recordedHKD 1,000,000Up to 1 day
Telegraphic Transfer (Wire Transfer)Wire Transfer
Additional correspondent and receiving bank fees may apply. Large withdrawals over HKD 8 million or USD 2 million may require additional processing time.
Not recordedHKD 50Not recordedNot recordedHKD 8,000,000Up to 1 day
Offline Withdrawal (Form or Email)Other
Offline withdrawals always incur HKD 50 plus bank fees. Bank account name must match withdrawal request.
Not recordedHKD 50Not recordedNot recordedNot recordedNot recorded
Fees, limits and processing times as published by CMF, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • Chinaqh.newone.com.cn/main/home/index.shtmlMain siteChinaActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Frequently Asked Questions

Frequently Asked Questions

Common questions about CMF

Most Popular Questions
China Merchants Futures Co., Ltd. offers customer support via live chat during business hours and email support in Chinese (Simplified and Traditional). They also provide phone contact numbers and a physical address in Shenzhen for client inquiries.
Yes, China Merchants Futures Co., Ltd. requires verification for deposits and withdrawals. Deposit slips must be submitted for verification, and the bank account name must match the withdrawal request to comply with their policies and prevent third-party transactions.
According to WIKILIX data, China Merchants Futures Co., Ltd. offers a maximum leverage of 500. This leverage applies to their trading accounts, although specific trading platforms and instruments are not detailed.
China Merchants Futures Co., Ltd. supports deposits via bank transfer and withdrawals via telegraphic transfer or offline methods such as forms or email. Deposits made before 4pm on business days are processed the same day, while withdrawals typically take 1-2 business days. Withdrawal fees of HKD 50 plus bank fees apply for offline and wire transfers.
China Merchants Futures Co., Ltd. is regulated by the China Financial Futures Exchange (CFFEX), a government-regulated entity in China. The broker holds a license for dealing in futures contracts and offers deposit insurance coverage up to CNY 500,000 per depositor. This regulation ensures a medium level of transparency and compliance with local laws.
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