3.57 28 Reviews
3.57

CMC Markets Review Summary

But why the demand for CMC? With over 30 years of experience in trading, focus on the customer – always looking to improve value for money – keeping trading costs competitive and low margins, an intuitive platform – trading on user-friendly proprietary platforms and apps, numerous award winners – more than 50 platforms and service awards worldwide over just the last 2 years. The business does not provide a wide range of account types or financial methods, but that "economy" is completely justified by giving emphasis on other important trading items. Variety of software and trading instruments, robust network growth and true reliability of brokers, which have been aged for years and tested by a variety of major partner companies. All in all, CMC Markets carries with it a genuinely stable, focused feeling that can be defined in one word only "reliable" and loyal for years to come.

CMC Markets Review Highlights

Trading Platform: CMC Web, CMC Mobile
Cryptocurrencies Yes
Regulator FCA, ASIC, FMA, IIROC, MAS
Minimum Initial Deposit 0 GBP
Leverage 1:30

Pros & Cons

Pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
Cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
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What are the CMC Markets?

UK-based broker CMC Markets has grown immensely in size and significance since the company began operating in 1989. It is now one of the largest forex brokers in the UK market.

Since its launch in the UK, CMC Markets has expanded and established international offices in Australia, Austria, Canada, France, Germany, Ireland, Italy, New Zealand, Norway, Poland, Singapore, Spain, and Sweden, making them one of the world’s leading online CFD providers.

The goal of offering great, safe trading conditions through development and technology advancement is one of the company’s priorities. CMC Markets pays great attention to trading programs for both beginners and experienced traders.

Awards

Due to the company’s long presence in the industry, continuous development, and efforts, CMC Markets has received numerous FX awards. For the last 2 years it has received more than 50 awards:

  • Best Platform Features and Best Mobile Phone / Tablet Platform Investment Trends UK
  • Highest ranked for Platform Reliability and Charting, based on the highest user satisfaction among best spreaders, CFD, and FX traders.

Is CMC Markets safe or is it a scam?

CMC Markets is highly regulated and legally allowed to provide trading services. The Headquarters of CMC Markets UK plc and CMC Spreadbet plc is regulated and authorized by the FCA (UK) which means that the broker complies with the CASS (Customer Assets Regulation) which ensures the safety measures of traders.

Due to its international branches, CMC Markets complies with other regulators including the Australian regulation (ASIC) and the Canadian IIROC permit to operate as a CMC Markets UK dealer. The other divisions are authorized by the Financial Markets Authority in New Zealand and the Singapore Monetary Authority (MAS). In addition, CMC Markets Stockbroking Limited is a member of ASX Group (Australian Securities Exchange) and SSX (Sydney Stock Exchange) and Chi-X (Chi-X Australia), ABN 69 081 002 851, AFSL No. 246381 (the stockbroking service provider) offering financial products and/or services.

In simple terms, the regulatory status of CMC Markets guarantees the security of traders’ funds, while all company funds held under the land, trust, and insolvency laws are held separately from the own funds of CMC Markets and are therefore not available to the business.

Trading Platforms

In reality, CMC Markets offers remarkable trading technology with patent-leading platforms rated by the highest surveys and analyses. The platforms are offered via both online and mobile apps for any iOS or Android app, and they contain multiple innovative trading tools such as client sentiment, charting technical indicators, as well as numerous assets and pattern recognition scanners that alert the client to potential trading opportunities.

There are a wide variety of tools available on the CMC Markets platforms, most of which are useful and highly creative:

  •  Access to spread betting, which is tax-free trading that allows traders to bet spread on forex, indices, stocks, securities, and treasuries. However, spread betting is only open to citizens of the United Kingdom or Ireland.
  •  Virtual 100 trading provides a way to bet on financial markets with reduced risk and automated execution. Duration varies from 5 minutes to complete exposure to advanced charting packages.
  • Countdowns are a convenient way for CMC Markets to trade with minimal risks on short-term stock market fluctuations with timeframes of 30 seconds, for either stock up or down.

Industrial accounts

CMC Markets’ clients have up to 10,000 financial instruments at their fingertips:

  • Forex 300 + global currencies
  • Cryptocurrencies
  • Indices
  • Commodities – Oil, Gold, Silver, etc
  • Securities – over 9,000 firms
  • Bonds
  • Treasury Notes.

There are two types of accounts offered by CMC Markets that vary slightly in different regions due to regulatory restrictions. Both accounts have almost the same universal features and useful resources, though spreads vary depending on the asset selected.

Beginner traders and experienced traders will really benefit from the CMC Markets Technical Support Service, which is considered to be one of the most effective in the industry. Apart from strong support, consumers expect an opportunity to connect online with well-known experts in the industry, whom the company invites for webinars.

Fees

Among its various advantages, CMC also provides attractive CFD spreads and commissions, with spreads for major FX pairs starting from 0.7 points, 1 point for main indices such as UK 100 and Germany 30, and 0.3 points for Gold. Margin rates start at 3.3% for forex, 5% for indices and commodities, and 20% for shares and treasuries.

CMC Market’s advantageous spreads are great, however, you should bear in mind that there is a minimum spread shown in the table below and average spread over the trading period, as spreads adjust under high volatile conditions. For example, the average spread for EUR / USD in January 2019 was 0.805. In addition, the holding rate used to measure the relevant FX holding costs is based on the tom-next rate, which is the difference between the interest rates of the two currencies, plus an additional 1% CMC Markets fee.

Asset/ Pair CMC Markets Fee Terms
EUR/USD 0.7
Crude Oil WTI 3.0
Gold 0.3
BTC/USD 0.75%

 

Leverage, which is a loan issued by a broker to a trader that makes it possible to use a much greater amount than the initial deposit, generally differs from one trader to another. Leverage can greatly increase the potential for earning higher profits, but on the other hand, higher losses that result in regulatory standards setting a level that is considered to be secure. However, the views of the authorities are different, while European clients can use a maximum leverage ratio of 1:30, Australians or New Zealand clients can benefit from a leverage ratio of up to 1:500.

Deposits and Withdrawal

CMC Markets provides its clients with a fairly “modest” range of payment forms, limited to bank transfers and Visa / Master Cards. However, the decreased volatility of financial instruments is compensated for by the consistency of services, since all payments are made within one or two banking days.

The minimum deposit amount at CMC Markets does not state a minimum requirement to start trading, but the broker suggests that at least GBP 200 be deposited to cover premiums, expenses, etc.

The withdrawals are handled relatively quickly by the CMC Markets, although there is no fee on the client to withdraw the funds either for a deposit or for withdrawal. However, the bank may charge an extra bank fee or a foreign bank transfer, which should be refunded by the customer. For example, check out and compare the fees with the Plus500.

 

CMC Markets Registration

Founded: 1989
Broker Type: Broker
Languages Supported: EN, DE, FR, ES, IT,PL
Trading Instruments: Cryptocurrencies, Indices, Commodities, Shares, Tr
Account Types: CMC Markets CFD, Corporate Account
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: Yes
Inactivity Fee: Yes
Swap-Free Account: No
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: USA
Trading Fees: Yes
Withdrawal Fees: No
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
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28 Reviews for CMC Markets

  • Pho Xay says:

    Average exchange. High spreads make it difficult to profit. Usually different prices to all other exchanges in there favour! Not made a withdrawal so cant comment on the apparently very slow problematic service. My money is locked in long term or i would move it. Waiting for a wallet. Apparently we own the coins but you cant hold them !! Platform works well though i will give them that. Also simple to use.

  • Darren McCarthy says:

    i was dealt with in a polite, and speediant manner, giving me access to my account funds with no issue whats so ever.

  • Serge M says:

    Had a few hiccups at first but customer service were very helpful and problem was resolved. Good broker as well and worth it.

  • Izaac Florin says:

    Great support team.

  • Fanny Fx says:

    Very good Forex platform. Very helpful support and flexible Deposit and Withdrawal.

  • Paulus says:

    When I need support, they are always there. Spreads are low as well. Just sometimes execution is a little late on metatrader (and not cTrader)

  • Soh Petra says:

    great no complaints

  • Rozaidy says:

    Anything is good but withdrawal have not relevant fee ($20) and always accept late payments (till 7 business day – the payment release on my account).

  • Avraham says:

    Provides good ForEx Service. Can be trusted.

  • Bharath Milan says:

    This is the best Broker what I have test.

  • Harry says:

    Through my 2 year trading with them I didn’t need to send any complaint to them.

  • Anthony says:

    there is a HUGE problem with NO CONNECTION !!! this was several times reported and not fixed, on both accounts! reported accounting manager and technical persons.
    problem not fixed. i would actually give only 2 stars.
    some deals take SWAP and commission! there is no place to find these colloms on the platform! i deposit 3000 euros and the balance show 2999.83. no deals open !. every time when i report something the explanations is not relevant. currently, on account 5177929 the profits are 289.77 but only 275 is on the balance, somewhere is money missing that can not be declared on th platform , only on emails. IM NOT HAPPY !

  • hudson says:

    Trading platform is excellent, but I noticed that trades are stopped out when making profits and also, withdrawals are not easily processed.

  • Dewa says:

    in general it’s good but I’m not impressed yet
    especially in terms of deposits and withdrawals
    for Indonesian clients

  • Itan says:

    Unlike other ECN brokers CMC Markets actually maintains near zero spreads 95% of the time like they say on thier website , been using this broker for 2 months now and I’m very very impressed however not going to give 5 stars because of the absence of some good Asian indices like Nifty50 etc.

  • Wright M says:

    Good and fast help

  • Max says:

    questions on index — us2000 symbol does not show up commission or swap fees in account details column. Customer service directed me to read specification about to symbol. Demo accounts don’t necessarily show commission/swap fees regardless of symbol (??). I thought demo should show that as guide to trading cost of new, unfamiliar symbol like us2000 index. In anycase, i still have to dig this up myself for further research…

  • Vule says:

    Good broker has a problem with the support not responding to my emails

  • Ahmed says:

    Good customer service

  • Keith says:

    Watch out when doing you deposit, I was shorted 600 US dollars, do to a transaction at a bank that they had me deposit to…

  • Lee Jackson says:

    I’m approaching the value in my account where I’ll potentially be making a large sum of money and ICMarkets in turn will make a lot through charges etc. Will there be an option to withdraw more than £50k at any one time? I think that limit is low.

  • Eugene says:

    There were cases when I haven’t got an answer to my questions and/or request from the support until I really started banging on the door.

  • Thando says:

    I requested a withdrawal on Friday and I sent you guys a message to help process it and your response was that I should use the credit option first but on my back office the option to withdraw via credit/debit card is not available and also this account I did not fund it via credit card funds were transferred from my previous account to this account so now I don’t know what to do please assist

  • Patrick says:

    takes long if not none to respond to issues

  • NC says:

    fast response from help desk; reliable execution orders; ECN

  • Gohri says:

    Please add local deposit method as I am from india. It is very great full to all indian clients

  • AZ says:

    Very responsive support, and it was very helpful to me when there is trouble

  • Reece Wyatt says:

    very happy with the service I received

FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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