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Verified

CMC Markets

  • Trading conditions
    68%
  • Platforms and tools
    66%
  • Credibility
    36%
  • Education
    83%
  • Support
    86%
  • Fees and payments
    32%
  • Users choice
    71%
0 reviews
0/5

CMC Markets is a multiple award-winning broker providing trading products and services to a global client base. The broker offers forex and CFDs for trading on its cutting edge trading platforms. Founded in 1989 in the United Kingdom (UK), the broker is listed on the London Stock Exchange (LSE) with the ticker symbol CMCX. They are regulated in multiple jurisdictions, offering tight spreads and modern technology. CMC Markets has become a leading spread betting and CFD provider in the world today.

Overall Score

59.11

We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.

  • Spread:
    good
  • Number of futures:
    0
  • Number of currency pairs:
    300
  • Digits after the dot:
  • Number of commodities:
    900
  • Number of cryptocurrencies:
    15
  • Minimum Deposit:
    1
  • Number of bonds:
    3
  • Nuber of indices:
    60
  • Number of tradable assets:
    1000
  • Leverage:
    500
  • Number of options:
    0
  • Number of stocks:
    9000

Advantages

Innovative platform tools inlcuding ‘Module linking’ & ‘Pattern Recognition’
No minimum account opening deposit

Disadvantages

No copy trading platforms
No FIX API
No PAMM/MAM
Spread mark-ups
CMC Markets

A trading dream makes investors put their funds into the financial market to reap huge returns. Everyone expects unexpected (massive) results shortly. That happens when you’ve got the right conditions, experience, and a trustable broker with tools worth trading in every market’s capacity. CMC Markets broker packs that punch for a user and offer simple to complex instruments for diversifying the portfolio.

The broker helps you in becoming the broker that you want to be in financial markets. It renders you the liberty to take your time and learn nuances of the changes in prices. Also, the trading experience of serious market players counts here. You can enable yourself to trade the way you want to.

CMC Markets Pros

  • Offers advanced risk management
  • Award-winning customer service
  • Competitive spreads
  • Tax-free spread betting
  • Swift automated execution
  • Get expert analysis
  • Consistent news alerts
  • Great education courses
  • Advanced trading tool
  • Competitive spreads

Is CMC Markets Scam?

CMC Markets is an online trading portal that operates in multiple countries and follows its rules and regulations. It has an establishment in Germany (CMC Markets Germany GmbH) and United Kingdom(CMC Spreadbet plc or CMC Markets UK plc).

CMC Markets Germany GmbH is regulated by (BaFin)  Bundesanstalt für Finanzdienstleistungsaufsicht. The regulatory authority has also provided it with a license to trade. Its registration number is 154814.

Meanwhile, in the UK, CMC Markets is regulated by FCA ( Financial Conduct Authority). Accordingly, its registration number is  173730. Likewise, for CMC Spreadbet plc, the registration number is 170627.

A trader can visit the physical address: 133 Houndsditch, London, EC3A 7BX.

So, the broker complies with all regulations for every country. Also, it ensures your data and funds remain safe. Thus, you can safely trade on CMC Markets.

CMC Markets: Trading Accounts

The broker offers a live trading account to its users that helps in making leeway in the trading markets. The account is compatible with all devices and browsers for every trader, including veteran and novice ones. So, you have plenty of options aligned with the live account that CMC Markets offers.

Also, if you are not aware of trading and want to try your hand, then the brokerage firm offers a demo account. Use it wisely and experiment with all ideas that you have in mind. The brokerage company provides many tools and charts. You can utilise them in different conditions and situations that the practice account throws you.

You get virtual money for getting trained on different markets, assets and real-life environments. You can keep it open for as long as you wish to.

CMC Markets: Account Opening

If you are considering opening a live account with the broker, follow the steps:-

  • Click the blue-button at the top-right of the trading portal
  • You’ll be asked to select the country of your residence
  • After selecting that, you’ll be asked to put in your official email id and password
  • A code would be dispatched on your email id
  • Put it there and verify the id
  • Now, put up your name, phone number, address and other personal details
  • Provide the documents for authentication
  • Put up your funds and start trading

CMC Markets Trading Platforms

The broker is offering MetaTrader4 (MT4) trading platform services, which is renowned globally for its services holier than thou. It is developed by MetaQuotes that has a reputation to maintain in the financial market with its immaculate services.

  • It has more than thirty years of industry experience
  • Risk management tools
  • Extremely educational
  • No minimum deposit required
  • Listed on London Stock Exchange
  • It allows automated trading programs
  • Expert Advisors (EAs) are allowed
  • You can trade CFDs here
  • A trader can download it through different devices like laptops, desktops, and mobile phones.
  • The MT4 app is available on iOS and Android
  • Get trading tools
  • Charting features for predictions
  • News and insights of the market
  • Platform user guide
  • Get trading ideas
  • Swift order execution

CMC Markets: Trading instruments

The broker has a basket full of trading instruments and assets for all traders alike. So if you have the zeal to extend in the extolling environment of trading, there’s no better place than this. You get plenty of opportunities and options for implying your luck and see what works best for you.

Forex

The online trading portal allows you to trade more than 330 forex pairs in the trading market. You have immense leverage for garnering huge profits with lesser amounts in your hands. The lightning-fast execution and tight spreads enable you to see through profits and bigger rewards.

Indices

There are above 80 cash and forward indices on the FTSE 100 and dozens of other markets for investing your funds. You get the chance to trade out of hours and make good money.

Cryptocurrency

You get the chance to trade some of the best crypto coins like bitcoin, ethereum, tron, ripple and others with huge leverage possibilities. As a customer, you feel satisfied after trading with the broker. You get to trade with the fully emerging and top digital currencies in the financial market. The execution is fully automated and lightning quick.

Commodities

Users can trade several metals, energy and other daily usable items in worldwide markets. You can use CFDs for buying and selling these commodities at a quick speed. Customer satisfaction is optimum here.

Shares

A client gets to trade on more than 8000 shares through CFDs. Also, leverage is applicable for them. So, benefits can rise manifolds in quick time. One can receive the best 250 UK shares for trading at the place. The slippage is minimum and there’s no currency risk involved with it.

Share basket

This is exclusively coming from the broker. You can ride on a big trend using a share basket. It is a CFD portfolio where you can trade the growth potential. Cybersecurity and autonomous driving are two of them. You can learn the basket formation, do impact analysis and identify the trend using different tools.

Treasuries

You can trade on more than 50 interest rate instruments and government bonds with leverage. The fill rate is 99.9 per cent with no dealer intervention. There’s no bar on the trading size. A trader can trade out of hours.

ETF Trading

You’ve got over 1000 exchange-traded funds for trading through the CFD platform. You get the most popular themes. The pricing is competitive in the market.

CMC Markets: Commission and Spreads

The broker offers competitive spreads and commissions that assist you in buying and selling your assets easily without having to pay much charge during the time.

The spreads for forex starts from 0.7 points

The commission on shares is a mere 0.1 per cent

On commodities, spreads start from 0.3 points

On treasuries, it starts from 2 points

On indices it starts from 1 point

Moreover, the commission and spreads may vary upon trading in different nations. Their rules and regulations may alter the pattern.

CMC Markets: Leverage

The broker offers massive leverage on every instrument and asset that a trader uses. The broker has got one of the highest leverage in the industry. So, any trader trading with gets the benefit of high leveraging with experts advice. Thus, gains get bigger without losing focus or any money.

CMC Markets: Deposit and Withdrawal

For funding, your account all you need is a credit or debit card. Also, you can use the facility of the bank transfer and do it swiftly. The card or ban account must have your name. Thus ensure that before initiating the fund. For activating the facility, you need to sign in to your account soon after you receive a notification for your application approval while registering.

For withdrawal, you can click on the payments icon and seek your money. You’ll have to select the withdrawals tab. Alternatively, you can ask for the assistance of the client management team. The broker does not transfer money to the third party account during withdrawal. Your request gets processed the same day if you submit it within the banking hours.

CMC Markets: Educational and Research Support

The education system is immensely important and the brokerage firm knows that. Its courses are tailor-made for every beginner and experienced trader. They help you in developing new trading skills and learn the latest ways of trading in the market.

  • Webinars and events are available
  • Watch videos and tutorials
  • Learn from the glossary
  • Get trading guides for better investments

For research

  • Involve yourself into fundamental
  • Weekly outlook
  • Morning update
  • Featured chart
  • Economic calendar

CMC Markets: Customer Support

The customer service support is ready for traders 24*5 when they make a call on the number 02071708200. The executives are quick to respond your calls. Besides, there’s an email id available for every trader. They can write their grievance and dispatch to responsible authorities.

Final verdict

The broker is different from other existing trading portals that you find in the market. It is fully protected and offers trading products that you do not find usually. That opens the gates for experimentation for a market player to invest and create a diversified portfolio. It helps in improving your trading knowledge and customer support makes it count that you are helped in time.

Users' Reviews

N.Z

2021-12-08

It is a great and easy platform to use and start understanding the trading world. I will need more time to fully understand AmorFx and have more experience.

EMRE

2021-11-25

I like the transparency, low transaction costs and great trading platform