AbstractIn this work we have studied CM Draconis, one of the least massive eclipsing binaries known. Its components are very similar, with masses and radii of about 0.23 M_⊙ and 0.25 R_⊙. We have analysed light curves in the R and I bands to calculate the fundamental properties of this system with accuracies better than 1%. With these results we plan to carry out a thorough test of the models, which have been found to predict smaller radii and larger effective temperatures than observed for these low-mass stars. This will also be especially interesting in the case of CM Dra since the mechanism driving magnetic activity is thought to be different from that of more massive stars. In addition, the extended time-span of the observations has led to the detection of apsidal motion. This provides a further check on models through the determination of the internal structure of the stars.