CMC Markets Review

CMC Markets

CMC Markets

www.cmcmarkets.com

  • Leverage: 1:30

  • Regulation: FCA, ASIC, FMA, IIROC, MAS

  • Min. Deposit: 0 GBP

  • HQ: UK

  • Platforms: CMC Web, CMC Mobile

  • Found in: 1989

CMC Markets Licenses

Top 3 Forex Brokers

  1. Is CMC Markets safe or a scam?
  2. Trading Platform
  3. Accounts
  4. Trading Fees
  5. Spread
  6. Leverage
  7. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  8. Conclusion

What is CMC Markets?

English broker CMC Markets have a serious “Life experience” since the company began its activity as far as in 1989 and nowadays is one of the biggest market-maker brokers in the forex market.

Since its launch in the UK, CMC Markets has broadened their presence and established offices internationally in Australia, Austria, Canada, France, Germany, Ireland, Italy, New Zealand, Norway, Poland, Singapore, Spain and Sweden, which made them one of the world-leading online CFD providers.

CMC Markets Review

Among the company priorities stand an aim to increase trade efficiency through development and technology innovation. Therewith, CMC Markets pays great attention to the trading programs for both beginners and experienced traders or investors, among them, presences various large broker companies and international investment funds.

Awards

Owing to the company long presence in the industry, continuous development and strives, CMC Markets has obtained numerous recognitions and awards, only for the last 2 years received rewards exceeded 50:

Awarded Best Platform Features and Best Mobile Phone/Tablet Platform | Investment Trends UK

Ranked highest for Platform Reliability and Charting, based on highest user satisfaction among spread betters, CFD and FX traders

 CMC Markets awards

Is CMC Markets safe or a scam?

Regulated status is a key to check either a broker is safe to trade or a scam. In the case of CMC Markets the broker is heavily regulated and authorized to provide trading service legally. Therefore, headquarter CMC Markets UK plc and CMC Spreadbet plc is authorized and regulated by the FCA (UK), meaning the company complies with client assets regulation, known as CASS that ensures traders’ safety measures.

Due to international company presence, there are various additional regulations company surrendered by which includes Australian regulation by ASIC, Canadian IIROC authorization to act as a CMC Markets UK dealer. The other branches are also regulated by the Financial Markets Authority in New Zealand and the Monetary Authority of Singapore (MAS). In addition, CMC Markets Stockbroking Limited is a Participant of the 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 services provider) provides the financial products and/or services.

CMC Markets entityRegulation and License
CMC Markets plcFCA (UK)  registration no. 173730
CMC Spreadbet plc FCA(UK) registration no. 170627
CMC Markets Asia Pacific Pty LtdASIC (Australia) registration no. ABN 11 100 058 213, AFSL No. 238054
CMC Markets Canada Inc.IIROC(Canada)and Ontario Securities Commission
CMC Markets NZ LtdFMA (New Zealand)
CMC Markets Singapore Pte LtdMAS (Singapore) registration no. No./UEN 200605050E

In simple words, the regulatory status if CMC Markets ensures the traders funds security, while every client funds held under property, trust and insolvency laws while held separately from CMC Markets’ own funds, therefore unavailable to the firm.

Trading Platforms

In fact, CMC Markets has an impressive trading technology advantage with patent powerful platforms ranked by highest surveys and analyses. Innovation platforms featuring both web or mobile versions for any devise iOS or Android, while composed by pioneer trading tools like client sentiment and allows viewing the number of clients and their position value. As well as various multiple assets and pattern recognition scanners that alert the client of possible trading opportunities.

CMC Markets platform

You can find vast of tools and capabilities at the CMC Markets software among the most useful and typical to ultra-innovative, so let’s just see what is available in a brief, but you better jump and see yourself how powerful platform can be.

* Access to Spread betting, which is tax-free trading for a trader to bet spread on forex, indices, commodities, shares and treasuries. However, spread betting is only available for UK or Ireland residents.

* Digital 100 trading, offers a way to speculate on financial markets with limited risk and automated execution and ranges of timeframe starting at 5 minutes to full access on advanced charting package.

* Countdowns is a CMC Markets unique way to trade with limited risks on a short-term price market movements with timeframes from 30 seconds with a decision either price will go up or down.

CMC Markets countdown

In addition, important to note extensive risk-management features developed to help secure potential profits and minimize losses. So you or any trader can be certain that a trading order will close at an exact price with guaranteed stop-loss orders.

Trading Accounts

CMC Markets’ clients having at their disposal comprehensive range of trading instruments, up to 10,000: Forex 300+ global currencies including Cryptocurrencies, Indices – Major global, Commodities – Oil, gold, silver and more, Shares – over 9,000 companies, Treasuries – Gults, bonds and treasury notes.

There are two types of accounts offered by CMC Markets CFD trading and Corporate Account that may slightly range in their offering at various regions due to the regulatory restrictions. Both accounts have almost the same universal features and useful set of tools, while spreads differ depending on the chosen asset, scroll down for minimum spreads.

CMC Markets accounts

The beginning traders or even seasoned ones can truly enjoy CMC Markets technical support service that is considered to be one of the most powerful in the industry, as well as to practice trading in risk-free Demo Account. Apart from the strong support, customers counting for an opportunity to communicate online with well-known specialists in the field, whom the company invites for webinars.

Fees

Among its numerous advantages, CMC offers also a competitive CFD spreads and commissions, with spreads on major FX pairs starting from 0.7 points, 1 point on key indices like the UK 100 and Germany 30, and 0.3 points on Gold. Margin rates start from 3.3% for forex, 5% for indices and commodities, and 20% for shares and treasuries.

CMC Markets fees

CMC Market Spread truly considered among the brokers’ advantages, however, you should bear in mind that there is a minimum spread that is shown in the table below and average spread across the trading period, since spread may change under high volatile conditions. As an example, the average spread for EUR/USD January 2019 was 0.805. Additionally, the holding rate used when calculating the applicable holding costs on FX comes from the tom-next rate, which is the difference between the two currencies’ interest rates, with an additional 1% CMC Markets charge added.

Asset/ PairCMC Markets Fee Terms
EUR/USD0.7
Crude Oil WTI3.0
Gold0.3
BTC/USD0.75%

Leverage

Leverage, known as a loan given by the broker to the trader that enable to trade much bigger volume than the initial deposit actually varies from the entity to another. As leverage significantly increases the potential to higher gains, but in reverse may cause bigger loses the regulatory standards set a particular level which is considered to be safe. However, the opinions of authorities are different, while European clients can use a maximum leverage level 1:30, the Australian or clients from New Zealand can enjoy leverage up to 1:500.

CMC Markets Leverage

Deposits and Withdrawals

CMC Markets offers its clients a relatively “modest” set of payment methods, which is limited to bank transfers and Visa/ Master Cards. However, narrowed variability of financial instruments is compensated by the quality of the services, as all payments are done within one or two banking days.

The minimum deposit amount at CMC Markets mentions no minimum requirement to start trading, however the broker recommends to deposit at least 200 GBP in order to cover margins, costs, etc.

CMC Markets withdrawal fee

The withdrawals are processed quite fast by the CMC Markets, while there is no charge by the company to withdraw funds either for deposit or withdrawal. Yet, your Bank may impose additional Banking fee or international bank transfer that should be repaid by the customer. For instance, check out and compare fees with its Plus500.

Conclusion

So why CMC Market? Because of their huge experience in the trading business for about 30 years, focus on a client – always looking how to improve, value for money – keeping trading costs with the competitive spreads and low margins, intuitive platform – trading on user-friendly proprietary platform and apps, multiple award-winners – over 50 platform and service awards worldwide just for the last 2 years.

The company not offering a big variety of account types or fund methods, but that “economy” absolutely justified since offering emphasize to other important objects in the trading. Variety of tools and trading instruments, comprehensive platform development and broker’s true reliability, which been aged by years and verified by numerous big partner companies. All in all, CMC Markets brings a true stable disciplined feeling which can be determined in one word only “reliable” and loyal for years to come.

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2 responses to “CMC Markets”

  1. Hi there

    just wonder if you could pls advised that if CMC is trading against its clients, or against the real markets?

    thanks

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