CMC Markets Review Summary
CMC Markets Review Highlights
Pros & Cons
- Low forex fees
- Great web and mobile platforms
- Advanced research and educational tools
- High stock CFD fees
- Limited product portfolio
- Complicated account verification
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.
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.
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.
CMC Markets’ clients have up to 10,000 financial instruments at their fingertips:
- Forex 300 + global currencies
- Commodities – Oil, Gold, Silver, etc
- Securities – over 9,000 firms
- 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.
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|
|Crude Oil WTI||3.0|
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
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.