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Head to head

CPT Markets vs WM Markets

CPT Markets is licensed by FSCA in South Africa and UAE CMA in the United Arab Emirates, and also has an offshore registration. WM Markets has no licence we could confirm on a regulator's register. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $500 at CPT Markets and $50 at WM Markets. Only WM Markets offers negative balance protection. Both offer segregated client money.

Facts last checked: CPT Markets on 20 October 2026, WM Markets on 20 October 2026.

CPT Markets profileWM Markets profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
CPT MarketsRegulatedRead the profile
WM MarketsRead the profile
Comparing
CPT MarketsSouth Africa
WM Markets

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Not yet checked
Fomboni, Mwali (Comoros)
Official websites
  • cptmarkets.com
  • cptfx.com
  • wmmarkets.com
  • en.wmmarkets.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
CPT Markets (PTY) Ltd
No licence listed
Regulator
FSCA
South Africa
No licence listed
Regulation level
Regulated
No licence listed
Licence number
FSP 45954
Check the register
No licence listed
Clients this company serves
South African residents, through the South African website and terms
No licence listed
All licences held
  • FSCA (South Africa)
  • Belize FSC (Belize (international clients))
  • UAE CMA (United Arab Emirates)
None listed
Segregated client money
Yes
Yes
Negative balance protection
No
Yes
Compensation scheme
None
None

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Yes

Leverage and margin

Maximum retail leverage
Up to 1:1000
Up to 1:2000 (dynamic, set per instrument)
Retail leverage by asset class
  • All accounts: Up to 1:1000
Not yet checked
Margin call level
Not yet checked
100%
Stop-out level
Not yet checked
20%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • CPT app
  • CPT desktop platform
  • Copy trading
  • MAM
  • MetaTrader 4
  • MetaTrader 5
  • WM Markets mobile app
  • MT4 WebTrader
Markets
Forex, indices, metals, energies, commodities, futures, stocks and crypto CFDs
CFDs on forex, metals, indices, energies, commodities, treasuries, shares, ETFs and cryptocurrencies
Demo account
Yes
Yes
Copy trading
Yes
Yes
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
Not yet checked
Not yet checked
Withdrawal fee
Not yet checked
Not published; the agreement allows transfer-related and termination fees
Inactivity fee
Not yet checked
Accounts with no trading for six months are disabled and may pay maintenance charges (amount not published)

Support

Customer support
Not yet checked
24/5 multilingual support by live chat

Our notes

Strengths
  • CPT Markets (PTY) Ltd is authorised by the FSCA (FSP 45954), confirmed on the FSCA register
  • CPT Markets Limited is listed as active on the Belize FSC register, for trading and arranging transactions in securities
  • Says client funds are fully segregated
  • MetaTrader 4 and 5 plus its own app, copy trading and MAM accounts
  • Negative balance protection is written into the client agreement
  • The agreement says client money is kept apart from the company's own funds
  • Says it holds a client funds insurance policy of up to $1,000,000
Watch out for
  • Clients outside South Africa are likely to sign with the Belize company, which holds an offshore licence
  • The UAE company is licensed only for introduction and promotion, not for dealing
  • Its risk warning says you can lose more than your deposit; we found no negative balance protection policy
  • No minimum deposit, typical spread or commission rate is published for the Classic or ECN accounts; the Prime account starts at USD 500
  • Says WM Markets Ltd holds MISA licence BFX2024009; we could not confirm it on MISA's register on 2026-10-20 (the register blocked automated access).
  • The agreement gives the company a lien over client assets and lets it pledge or reinvest assets held for clients
  • Leverage up to 1:2000, and payment methods and withdrawal fees are not listed on the public website
  • Inactive accounts are disabled after six months and may be charged maintenance fees that are not published

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • CPT Markets: The FX and CFD contracts on our online facility are traded on a margin or leverage basis, a type of trading that carries a high degree of risk to your capital. The price of the contract you make with us may change quickly, and your profits and losses may be more than your initial investment or deposit. If you do not hold sufficient funds to meet your margin requirements, we may close your open positions immediately and without notice. It is possible to lose more than your initial deposit. Trading these products is not suitable for all investors. Make sure that you understand and accept the risks before trading on a margin or leverage basis and can sustain potential losses.
  • WM Markets: Contracts for Difference (CFD) are complex financial instruments carrying a substantial level of risk and may not be suitable for all investors, as may result in the loss of all invested capital rapidly due to leverage. You should consider whether you understand how CFDs work, your investment objectives, level of experience, risk appetite, and, if necessary, seek advice from an independent financial advisor.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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