CMC Markets is one of the well known and most popular UK-based brokers, founded in 1989. This platform offers more than 10,000 trading instruments across traditional CFD assets, and it offers fully developed spread betting solutions. Under these two categories, the active traders can trade Forex, cryptocurrencies, indices, shares, treasuries, florida sports betting loans, and commodities. The commodities indices group together individual commodities to make commodity baskets. CMC Markets offers its proprietary trading and also Metatrader 4 next generation trading platform, which shows its commitment to the traders so that they can take full advantage of its offered services.
CMC Markets provides tier-1 liquidity, it is regulated by similar brokers in the trading strategies and market volatility. CMC Market will give you the resemblance as the web version. This article will talk about the CMC Markets review and see if it satisfies the boxes of a reliable and consistent trading platform. Find more about the forex brokers of the UK and you can learn more from our post which will help you in choosing the best one.
CMC Markets Overview
|Headquarters||London, United Kingdom|
|Regulators||ASIC, FCA, FMA, MAS|
|Financial Products offered||Forex products, cryptocurrencies, indices, shares, commodity, treasuries, ETFs, Australian shares, florida sports betting loans, and several more|
|Minimum Initial Deposit||$0|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Inactivity fee||£10 per month|
|Withdrawal fee||Depends upon the withdrawal method|
|Supported currencies||Bitcoin, Ethereum, Bitcoin Cash, Neo, Ripple, and several more|
|Customer Support||24×5 customer support by phone, email, and live chat|
CMC Markets Reviews – Overview
What is CMC Markets?
CMC Markets was established to provide services in Forex and CFD through an online trading platform. CMC market was founded in 1989. Their asset portfolio has more than 10,000 trading instruments of different CFDs. It covers a wide range of trading instruments, such as indexes, bonds, stocks, trade stocks and commodities. Many of the online brokers we evaluated provided us in-person in CMC Markets.
CMC Markets (CMC forex brokers) is a well-reputed online brokers, and it is a member of the FTSE smallcap index. Some of the top-tier regulatory authorities regulate this broker, and it is listed on the London stock exchange. Talking about Australian trading would include ASX, SSX (Sydney Stock Exchange), and the Chi x derivatives market for the growth oriented companies international shares (Pty Ltd ABN 11). It offers its services to retail clients and also to institutional clients like brokers, banks, trading desks, and hedge funds.
This broker is trusted globally, and it provides excellent services for the active traders by offering more tradable assets, competitive pricing, and the Next generation trading platform (CMC’s pty Ltd platform), which comes fully packed with good quality research, powerful charting, and innovative trading tools to target international markets. CMC market offers liquidity rebates for active traders that starts at 5%. Well there is no minimum deposit requirement at CMC markets.
CMC Markets Reviews – About the Platform
Let us discuss some of all the features offered by this platform –
CMC Markets stockbroking is a well-known and established broker known for its competitive CFD trading, and it also offers spread betting solutions. This broker is regulated in the UK, and it is listed on one of the most prestigious stock exchanges, the London stock exchange. CMC Markets provides a good database of some of the tradable assets, both on web version and mobile apps, and many resources by making it the best choice for U.K traders. New trading accounts lose money often. Access domestic and international shares with $0 brokerage on Japan, US UK and Canada.
With regards to commission and fees, it depends on the type of account holder and the specific asset class chosen by the trader for trading. Simply put, we can say that the CMC market is one of the best forex brokers which offers some of the most competitive fees in the industry. Talking about the negative balance protection, it gives clients a peace of mind in volatile market conditions.
As per our CMC Markets invest account review, we can say that this broker’s retail clients can benefit from excellent educational packages created by well-experienced professionals. CMC Markets consist of three tiers which include active investor, classic and premium trader.
The assets offered by this broker are great, and it offers well-diversified asset portfolios by offering very low trading costs. Irrespective of the trader’s experience level, or if they are an institutional client, CMC Markets (CMC forex broker) provides a full spectrum of services for the broker’s different trading needs. CMC Markets Stockbroking Limited allows you to trade a full suite of investment products from shares to managed funds.
As per our review, CMC Markets invest account is very transparent in its operations regarding the various costs involved, which are listed products clearly on the website. The active traders can buy or sell assets to find all the applicable costs listed for various services.
Pay low brokerage fees of £10 monthly fee if there is no trading activity for 12 months. It also charges market data fees for specific CFD shares. It does not charge any non-trading brokerage fee from the user. Access domestic and international shares with zero or low brokerage fee for trading in US UK,Japanese and Canadian markets depending on the membership tier which is user friendly as well.A pop up window will appear when you log in for the first time, confirming which tier you qualify for a month. Premium Traders can access all the features with best brokerage and dynamic market data in US UK locations.The active investor can be benefited with dynamic data.
CMC Markets offer an award-winning, pty platform called a Next-generation platform and an industry-leading Metatrader 4 trading platform. Next-generation trading strategies can be accessed through a browser in the global markets. CMC Markets invest account trades are executed in less than 1 second. Standout of the charting feature for the next generation platform which would include the emerging pattern tool.
CMC Markets (CMC forex broker) offers a CMC Markets mobile app, and it is developed to help users to trade on the go, irrespective of the experience levels. The CMC Markets mobile app comes with 115 technical indicators, 12 chart types, 70 chart patterns, and it allows the traders to trade directly from the chart. It also offers a Reuters florida sports bettings feed and an economic calendar built-in, which is also available in the mobile app. CMC charges brokerage fees for online trades for the popular products. Value your money and keep the trading cost down with competitive spreads and user-friendly.The CMC Next generation platform is powerful, versatile,with plenty of customization tools and configuration options.
Is CMC Markets regulated broker?
As per our CMC Markets review, this broker is regulated by various financial conduct authority globally. Some of them are given below –
- UK financial conduct authority (FCA)
- Canada’s investment industry regulatory organization of Canada (IIROC)
- Australia’s Australian securities and investment commission (ASIC)
- New Zealand’s financial markets authority (FMA)
- Singapore’s monetary authority of Singapore (MAS)
CMC Markets Review – Pros and Cons
Let us discuss a few pros and cons of this broker –
|CMC Markets is a regulated broker in the UK||This broker does not accept U.S clients|
|This broker is listed on the London stock exchange||CMC Markets provides MetaTrader 4 only for desktop|
|It offers advanced risk management tools for its advanced traders|
|CMC Markets offers more than 10,000 trading instruments to trade|
|It offers its proprietary trading platform as well as Metatrader 4|
Is it safe to trade with CMC Markets?
As per our CMC Markets review, we can say that CMC Markets is one of the most recognized, and it is a market leader in CFD trading. CMC markets in 1996, launched the first online Forex pairs next generation trading platform. It also launched its Sydney office in 2002, and ASIC had licensed CMC Markets Asia Pacific Pty Ltd in 2004.
This broker has won an award for the highest overall customer satisfaction, best customer service, best pro platform features, best educational resources, Best value for money, and several more in the past year. Also, CMC Markets has won Australia’s best value broker award consecutively for 9 years, hence it is one of the best forex brokers Australia.
CMC Markets Asia Pacific Pty ltd provides excellent services for its customers. CMC Markets Asia Pacific Pty ltd also provides trading services in CFDs, securities through their online share trading. We know it is hard to compare trading fees for CFD brokers. Verdict CMC Markets offers an excellent pricing that fits all types of traders. In house analysts run regular CFDs trading, conduct focused events and informative live webinars.
Risk warning –
CFD and spread bets are complex instruments and come with a high degree of risk of losing money rapidly due to leverage. 79% of the retail investor accounts lose money when trading CFD and carrying out spread betting with the credit provider. You should always consider whether you understand how CFDs and spread bets work and whether you can afford to take the risk of accounts lose money. Consider the information provided on the website according to your objectives, financial situation and needs. If you’re unsure of anything, seek professional advice before committing to any plan. We are just information providers and are not making any suggestion or recommendation of a particular product. Do not enter any of your personal information as it would be made public and not provided to the bank or product provider. It is not personal advice.
CMC Markets Review – Benefits
Let us discuss some of the benefits offered by the platform –
- Traders can have access to more than 10,000 safety instruments, which allows them to trade executions on several assets starting from forex,forex pairs, Bitcoin, Gold, and several more are selected products for investment.
- CMC offers global shares trading with several clients worldwide, attracting more customers for the services offered.
- Several regulatory authorities regulate CMC Markets, and it is listed in the UK stock exchange. This site may be compensated with third party in CMC markets.
- It has received several awards for its outstanding business performance, and it is recognized as one of the best platforms which offer excellent educational resources and dedicated customer service.
- This broker fee does not need a minimum deposit for online share trading.
- CMC Markets offer low price, which also includes tight spreads and low leverage; the margin requirements are also very low. Low cost share trading is not worth it with CMC Markets.
- The traders can customize their mobile and desktop platforms as per their convenience. They can give a star rating according to their preferences.
- CMC Markets account offer a wide range of sophisticated trading tools, which include pattern recognition, chart forums, analytic insights, price movements, and several more. Thou you do have other options as well.
- CMC Markets provides an in-depth learning academy and offers several webinar tutorials, courses, videos, and written trading resources.
- CMC Markets invest account also offers a completely free demo trading account, dynamic data, live data and it is fully functioning for the benefit of its users. CMC markets also provide free live ASX data. Besides, it also provides a chat forum where the traders can trade shares in the forum to help each other.
- CMC market offers negative balance protection which has become an important feature that most online brokers are offering these days.It also provides trader’s access to an extensive range of offerings with several different asset classes.
CMC Markets Fees
As per our CMC Markets review, we can say that this broker’s earnings are generated from commissions, spreads, or a combination of both, depending upon the asset publicly traded by the user. Spreads on FX pairs start with 0.7 pips, which is very competitive, commissions are charged. For equity trading, it starts from 0.10%; there are also other trading costs, such as a small premium Trader for guaranteed stop-loss order, where it will be refunded if the order is not executed. We know it’s hard to compare trading fees for CFD brokers.There are also overnight holding costs, market dynamic live data feeds, and swap rates. This broker charges account inactivity brokerage fees of £10 a per month. All the active investor tier would be benefited with free live or dynamic data. The information displayed is based on an average of 30 trades per month.
Assets offered for trading
As per our review, this broker offers more than 10,000 next generation trading instruments over 6 asset classes such as Forex, cryptocurrencies, indices, shares, commodity, treasuries, ETFs, and several more. Further, experienced traders and beginners find the asset offering of this broker more comprehensive as CMC Markets charges continue to expand its asset base. Exchange traded options are also available. Trading fees occur when you trade. Besides, the trading assets are all listed on the website of CMC Markets, and the trader can easily navigate the online share trading to find the asset they choose to trade. If you are still looking for guidelines,you can compare our comparison tables in finding the online share trading that suits you.Next generation has three basic order types which would help to stop or lose the trade. Although we cover a wide range of products,this is a great place for frequent traders.
CMC Markets Reviews – Assets Offered
This broker also offers a wide and expensive full range of advanced order features that can be accessed through the desktop platform where the trader can use it.
One of the most advantageous features of this web platform is, the user can trade from the charts, and they can view the charts directly, which includes opening, modifying, and closing their orders. If you want to use this feature, you should have a large screen monitor to use these features more effectively. The insight series and weekly outlook series provider board market coverage, and can be filtered by asset class.
Currently, CMC Markets provides its support for the below-given order types for trading securities and Forex. They are listed below-
- Stop-loss order
- Guaranteed stop-loss order
- Market orders
- Partially close trade order
- Limit and stop entry order
- Take profit order
- Trailing stop-loss order
As per our review, this broker offers a demo account holder free access to all florida sports betting account holders. To access this live account, the Premium trader needs to provide their email address, and they should choose a very strong password. When this is done, they need to select whether they want to try CFD or spread betting. When the trader uses this account, they will be using the CMC Markets proprietary platform. This helps the traders familiarize themselves with the platform’s features and functionalities with virtual money without risking their funds.
Deposits and Withdrawals options
The broker’s options are bank wires, credit cards, and debit card transfers concerning deposits and withdrawals. Even though other brokers offer several transfer options, we can consider this as an impediment from this broker.
Since these are all the only trading options offered by the broker, it does not charge any fees for withdrawals and deposits; but the traders should note that there are third party bank charges.
Deposit and withdrawal charges are commission-free, but 1% is charged on the various credit cards; debit card charges are 0.6%. If you are depositing a large sum of money, the fees could be more substantial. There would be on an average 10 trades per month.
Some of the accepted deposit and withdrawal methods are -:
- Debit card
- Credit card
- Bank transfer
CMC Markets offers great charting tools, and the advanced tools selection is huge. The trader can choose from several technical analysis and editor tools. It also offers an extra feature like automatic trendline drawing tools, and the trader can have an option to save their preferred one.
Trading of CFD
As per our review, the CMC market is one of the most popular and leading platforms that offers social trading of CFD in the form of assets such as treasuries, stocks, commodities, cryptocurrencies, and several more. Further, every instrument can use leverage and should be following ESMA regulations for the retail trader. The trader can short sell their assets on the platforms.
CMC Markets invest in several financial instruments that are available to trade along with spread betting facilities. The benefit of using spread betting on the preferred choice of assets is that the trader can benefit from tax-exempt profits and make money. However, the trader should check with a qualified tax professional regarding this tax-exempt, which might differ as per the country of residence.
Risk warning –
Trade CFDs work and spread betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of the retail investor accounts lose money when trading CFDs and carrying out spread betting with this credit provider. You should always consider whether you understand how CFDs and spread bets work and whether you can afford to take the risk of losing your money.
- As per our review, this broker offers account types with a free access demo account and a live account without a minimum deposit. The trader has a choice to choose the platform of trading to trade. MT4 trading platform allows trading only in commodity, forex, and index trading. If the trader is interested in trading with other assets they have to choose CMC’s Next-generation platform.
- CMC Markets invest account provide the below given three types of account (including Share Trading accounts) for its Premium trader such as –
- CFD account
- Spread betting account
- Corporate account
- Even though the above-mentioned accounts have more similarities, they differ in other platforms like share trading. For example, all the above-mentioned accounts have the same features, but some of the instruments differ from the trader’s type of account.
- The account opening process is very easy and effortless, and it can be carried out on the CMC Markets website. It is a simple step-by-step process that helps the traders set up trading live accounts quickly and start using the trading platforms for live trading. Let’s check out the step-by-step account opening process on the CMC Markets platform for further details. You should consider this information service on your objectives, financial situation and according to your needs.
Account Opening Process
The account opening process with CMC Markets is easy and quick, and the online application can be downloaded from the website for a mobile app. After opening an account, the trader can start with live trading or proceed with the demo trading as per their choice; but the trader should submit some of the documents required to satisfy the regulators’ KYC requirements. These documents might take time to submit, but it guarantees every trader’s safety once it is done. CMC Market offers a joint account option as well.
Step 1. Registration
For registering, the trader should proceed to the florida sports bettingpage of CMC Markets and they need to download the registration form and fill in the basic details such as full name, address, contact details, and date of birth. The trader should also provide some of the information like their tax status and in some cases, this broker asks for a national insurance number from their client.
Step 2. Financial Information
The trader should provide some financial services about their financial status, which is mandatory as the broker asks. They also need to state their employment status and the industry experts they work for and give details about their annual income and their experience in trading securities online. They should also answer some of CMC markets’ multiple-choice questions to understand the trader’s knowledge in trading. Moreover, the traders will be questioned about their knowledge of risk undertaking and applying leverage. You should also understand the negative balance protection which means that your account balance cannot go into negative. Clients can have additional asset protection with the help of Financial Services Compensation Scheme (FSCS).
Step 3. Verification Process
Any UK Forex broker such as CMC Markets is required to identify their customers who use their services provider because they comply with anti-money laundering regulations. They should adhere to the licensing conditional orders asked by the FCA. For this, the trader should manually provide the supporting documents to this broker. Also, they need to include a clear copy of a proof of address and a government-issued ID to this broker.
Step 4. Depositing Funds
If you are using a demo account, there is no need to deposit funds as the account is already provided with the account’s virtual funds. This broker allows its traders to deposit or withdraw funds through bank transfer, debit cards, and credit card. There is no minimum amount to deposit on the platform, and it is fine to start with a very small amount.
Step 5. Live Trading
After adding a minimum deposit, the trader can proceed with the live trading. To start live trading, the trader needs to go to the website of CMC markets. Login to the trading platform, which is very easy to use, and the trader can easily find the asset they are looking for. Further, the trader can use the search function, asset class and specify the instrument they are looking for to have quick access. It permits users to customize the layout completely, which is one of the best features offered by CMC Markets. Live chats can also be launched from within the next generation platform which is very convenient.
Trading Platforms Available
CMC Markets provides two options of trading for the benefit of its traders. The first option would be Metatrader 4, which is fully supported by CMC Markets. It only covers the CFD and Forex trading aspect and not the spread betting. The second option is, the trader can use a proprietary trading platform offered by CMC Markets.
Irrespective of any of the trader’s platforms, this online broker allows the user to trade through their main desktop website. This means the trader needs not to download any software; besides, the trader can use CMC Markets mobile trading app. CMC markets are a great choice for global Forex and CFD traders. Open a online share trading account trade shares with CMC Markets invest account and take advantage of Australia’s lower Brokerage. Now you must be wondering how to apply for a CMC market invest account. To sign up for a CMC market invest account, click to “apply now” where it will redirect you to the application form.
CMC Markets charges a online share trading platform that helps traders carry out their trades and spread betting through mobile trading apps. The mobile app can be downloaded from the CMC Markets website, or they can directly download it from the Google play store or Apple app store. The next generation platform has features which are flexible and easy to use where you can manage your trade effortlessly. CMC market is well trusted across the globe and it delivers the best trading experience with tradable instruments.
The withdrawal fees or inactivity fees of CMC Markets vary depending upon the withdrawal method chosen by the trader. Every broker has their preferred withdrawal rules on how they can withdraw their funds from their trading accounts. It also offers several withdrawal methods and processing fees; their processing times might vary as per the method chosen. CMC Markets invest accounts allows the traders to withdraw their funds to a Payoneer account and a bank account through a wire transfer.
florida sports betting CFD Trading
CMC Markets offers cryptocurrency trading as the most popular client assets class. Cross cryptocurrency trading is not available. This broker offers several pairs along with competitive spreads. Some of the USA crypto pairs that are offered are Bitcoin, Ethereum, Bitcoin Cash, Neo, Ripple, and several more. Further, the spreads are wider than any traditional currency pairs because of the high-risk involved in the volatile market. If you wish to use CFDs work you can use CMCs next generation CFD trading platform.
CMC Markets offers a top-class research department that provides insights on fundamental florida sports bettings along with key insights and the market data developments that are being posted on the site every day. Every publication posted on the website contains several market research and analyses the development and its impact on certain markets.
CMC Markets hosts educational material. If you are a florida sports betting trader, you can make use of it and this will even help you with florida sports betting loads situations. Moreover, it also hosts regular live webinars and gives a chance to the traders to ask questions to expert traders any time as per their convenience.
As per our review, this broker offers a well-structured economic calendar; this calendar is incorporated into Thomson Reuters and it provides some of the most recent development and latest florida sports bettings daily. Each florida sports bettings is analyzed to identify whether it has a market data impact on the financial markets. The traders can access these events daily, or country wise where the impact is seen. Also, the traders can set alarms separately for these events.
Both Thomson Reuters and CMC Markets offer florida sports bettingsfeeds, and it is available on the web platform. The trader can easily find CMC florida sports bettings and analyze blogs on the website, and Thomson Reuters can also be located on the trading platforms. CMC markets also provide a link to CMC TV, which provides several functionalities. Moreover, it also offers a YouTube channel that provides several updates per week on the current market movements, whether to buy or sell an asset and its development. Aside from market data updates, it also offers technical analysis.
As per our CMC Markets review, CMC Markets offers a wide choice of available educational resources in written text and videos. Aside from trading lessons, it also offers platform tutorials for its traders. CMC Markets education materials offer a variety of tools and features that are given below-
- Tutorial videos
- Demo account
- General educational videos
- Trading educational articles
- Glossary and several more
The educational articles of CMC Markets are very easy to read, and it is supported by short videos and graphs to help the traders to understand complex trading processes. Some of the articles are based on the trader’s trading experience, and some of the topics range from CFD fundamentals and goes through trading strategies.
CMC Markets Reviews – Educational Tools
CMC Markets Review – Customer Support
CMC Markets offers dedicated customer support available 24×5, and traders can use their FAQ section. It also offers customer support through phone, email, and live chat. The phone support is answered immediately. This broker has been voted as the best phone and email customer service in the year 2019, offered by investment trends UK leverage trading report. The active investor would be benefited with technical support.
Based on CMC Markets review, we can say that CMC Markets is a well-known broker regulated by top-level regulatory authorities. It is one of the best forex and CFD brokers offering services around the world. Some of the advantages include low forex fees, providing several research tools, trading platforms, and dedicated customer service. Even though it has few drawbacks, its service is seamless. To open an account is very easy, and the popular product range selection covers forex and several asset classes like bonds, mutual funds, stocks, and several more. We recommend the traders try this broker because it offers excellent features with no minimum deposit with caution. Here the customer can also choose dynamic data.
CMC Markets Review – FAQ’s
Are CMC Markets Good?
Yes, CMC Markets is a good broker, and it is rated as best in several categories as the best overall Forex broker, which offers a wide range of tradable assets. This broker offers several features irrespective of the trader’s experience level and a feature-rich platform for its traders. It also offers excellent customer service, educational resources, and great market research tools.
Are CMC markets safe?
As per our CMC Markets review, we can say that CMC Markets is considered as low risk and has a good trust score, which shows it is safe. Moreover, this broker is publicly traded, and it does not operate as a bank. Several regulatory authorities around the world authorize it.
Is CMC Markets Good for beginners?
Yes, CMC Markets is a well-known online trading broker based in London and has traders trading experience on the platform globally. It offers two platforms, their proprietary trading platform; another is Metatrader 4. Besides, its spreads are tighter compared to its competitors. The minimum deposit required is very low; this is considered as an advantageous feature for the florida sports betting traders.
Who owns CMC Markets?
Peter Cruddas, in 1989, launched CMC Markets. Initially, it was first named as Currency Management Corporation and later renamed as CMC Markets. Based in London, it offers its trading services to traders all around the globe.
How much do I need to deposit to start trading with CMC Markets?
The minimum deposit for CMC Markets is $0.00USD. Moreover, the broker does not enforce any minimum deposit policy; clients need to deposit funds into their account to start trading. As for the funding methods, CMC Markets supports the traditional payment options credit card / debit card and bank transfers with no additional deposit fees.
The platform reserves all rights for its features and functionalities. For more you can track the product issuers lists from our sites.
Can you trade Crypto on CMC markets?
With CMC markets, you can trade bitcoin via a CFD account.This allows you to speculate on bitcoin price movements without owning the actual cryptocurrency.You aren’t taking ownership of bitcoin.
Risk warning –
CFD and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of the retail investor accounts lose money when trading CFDs and carrying out spread betting with the product provider. We compare from a wide set of banks, insurers and product issuers. You should always consider whether you understand how trading CFDs work and spread bets work and whether you can afford to take the risk of losing your money. New accounts lose money often. Please ensure to read the relevant product disclosure statement (PDS) and Target market determination (TMD) before taking action. We are not owned by any of the banks, we are not a product issuer or credit provider. We recommend to seek independent advice along with professional advice before committing to any plan. This is not personal advice.