CGMA Trade Review

About CGMA Trade

CGMA Trade operates via the website cgma-trade.com. The Financial Services Authority of Seychelles (FSA) issued a warning stating that this website is not linked to any entity licensed or regulated by the FSA in any capacity (). Despite claims on the website that it is operated by “Cgma‑trade (Seychelles) Ltd.” under an FSA licence assigned to “Kayser Ltd.”, there is no relationship between CGMA Trade and Kayser Ltd. (). The broker is unregulated and does not offer protections such as fund segregation, guaranteed compensation or negative balance protection ().

CGMA Trade claims a minimum deposit of $250, offers leverage up to 1:200, spreads around 1 pip, and access to a web-based MetaTrader 5 platform (). It purports to offer trading in forex, commodities, indices, shares and cryptocurrencies (). Withdrawal terms include a minimum amount of around $100–€100, a 25% charge if no trade has occurred, and requirements to trade 20 standard lots per $100 bonus before withdrawal is allowed ().

Who it’s for

• Traders willing to engage with an unregulated offshore entity
• Individuals seeking high-leverage and broad asset access without regulatory oversight

Pros and cons

Pros

• Offers web-based MetaTrader 5 platform access
• Claims support for multiple asset classes: forex, commodities, indices, shares, cryptocurrencies

Cons

• No regulation and explicit warning from the Seychelles FSA
• No client fund protection measures (segregation, compensation, negative balance protection)
• High-risk withdrawal conditions and bonus trading requirements
• Minimum deposit requirement relatively high for offshore brokers