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, MT4

  • Found in: 1989

CMC Markets Licenses

Top 3 Forex Brokers

  1. What is CMC Markets?
  2. Awards
  3. Is CMC Markets safe or a scam?
  4. Leverage
  5. Accounts
  6. Instruments
  7. Fees
  8. Deposits and Withdrawals
  9. Trading Platform
  10. Support
  11. Education
  12. 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.

Is CMC Markets good broker?

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.

ProsCons
Long years of operationConditions may vary according to regulation and entity
Strong establishment and numerous regulations
Globally recognized and awarded broker
Platforms MT4 and proprietary CMC Web
Excellent support, learning and research tools
Suitable for beginners and professionals

CMC Markets Review

10 Points Summary
🏢 HeadquartersUK
🗺️ RegulationFCA, ASIC, FMA, IIROC, MAS
🖥 PlatformsCMC Web, CMC Mobile
📉 InstrumentsForex, Cryptocurrencies, Indices, Commodities, Shares, Treasuries Gults, bonds
💰 EUR/USD Spread0.7 pips
🎮 Demo AccountAvailable
💳 Minimum deposit0 GBP
💰 Base currenciesSeveral currencies available
📚 EducationLearning materials, courses, Videos
☎ Customer Support24/5

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 and counting

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?

ProsCons
Regulated broker with good record and history of operationNone
One of the oldest brokers worldwide
Listed in London Stock Exchange, United Kingdom
Financial Conduct Aurtority, ASIC, IIROC, MAS license and overseeing
Additional licenses worldwide
Negative balance protection
Global expand

Is CMC Markets regulated?

Regulated status is a key to check either 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 companies 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).

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

How are you protected?

In addition to all, 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. Meaning, there is the highest level of obligation and control over the firm on the institutional-grade level.

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.

Leverage

Leverage, known as a loan given by the broker to the trader that enables 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 losses 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.

Besides, professional traders may access additional expand to leverage once the status is confirmed and that is besides regulatory levers settings, so be sure to verify those conditions too.

CMC Markets Leverage

Accounts

ProsCons
Fast account openingAccount conditions vary according to regulation
Single account feature
Suitable for new and experienced traders
Easy switch between Demo and Live Accounts
Various Account base currencies

Account types

Basically, there are two types of accounts offered including CMC Markets CFD trading and Corporate Account, while you should note that settings ad proposals may slightly range in their offering at various regions due to the regulatory restrictions.

For standard trading, it is a single account feature, where the preferences will be set according to your level and regulation of the entity likewise.

Accounts have almost the same universal features and useful set of tools, yet are more tailored solutions according to the need, while spreads differ depending on the chosen asset, scroll down for minimum spreads.

Instruments

Range of Markets CMC Markets offering for the clients their disposal includes a comprehensive wide range of trading instruments, up to 10,000. Those including Forex Currency Pairs 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 as trading CFDs.

Yet, also be sure to verify instrument range according to regulation and the applicable laws particularly to you.

CMC Markets accounts

Fees

Among its numerous advantages, we see CMC Markets review 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.

ProsCons
Low Forex and CFD feesFees may vary according to entity
Low Forex and CFD fees Numerous trading instruments Experienced traders rewards Numerous trading instruments
Experienced traders rewards
Interests
Account based on variable spread

Forex fees

CMC Market Spread truly considered among the broker’s advantages, however, you should bear in mind that there is a minimum spread that is shown in the table below and an average spread across the trading period, since spread may change under high volatile conditions.

As an example, the average spread for EUR/USD 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.

Comparison between CMC Markets fees and similar brokers
Asset/ PairCMC Markets FeesPepperstone FeesXM Fees
EUR USD0.7 pips0.2 pips1.6 pips
Crude Oil WTI3 pips8 pips5 pips
Gold31.435
BTC USD0.75%$1060
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingLowLowHigh

Snapshot of reference quotes

CMC Markets fees

 

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 day.

ProsCons
Fast digital deposits, including Credit Card, Debit Card and Wire transferLimited deposit options
No minimum deposit requirement
Free Withdrawals

What is the minimum deposit for CMC?

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

Withdrawals

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 an additional Banking fee or international bank transfer that should be repaid by the customer. For instance, check out and compare fees with its Plus500.

CMC Markets withdrawal fee

Trading Platforms

In fact, CMC Markets has an impressive trading technology advantage with patent powerful platforms ranked by highest surveys and analyses.

ProsCons
Proprietary trading platformNo MT4 as alternative
User friendly design and login
Price alerts
Supporting many languages Technical analysis and powerful features
Numerus tools in the package
Advanced and Standard versions

Web Platform

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.

Desktop trading

You can find a vast of tools and capabilities at the CMC Markets software typically with all features available via its desktop version. 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 a 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 platform

Mobile Trading

Mobile app is among well developed and highly ranked in industry as well, beside to good customization there are simple analysis and features also available via your phone.

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.

CMC Markets countdown

Customer Service

The beginning traders or even seasoned ones can truly enjoy CMC Markets technical support and CMC markets trading 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.

The customer support available around the clock also supporting live chat, phone lines and reachable through various sources.

ProsCons
24/7 supportNone
Quick response and Relevant answers
Live Chat, International Phone Lines and email
Professional and regarded customer service

Education

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. Also, you will find a quite comprehensive learning center defined by the topic you with to learn or to improve your knowledge, which we found very-well organized while doing CMC Markets Review.

ProsCons
Education provided for FreeNone
Comprehensive learning center
Trading signals and technical indicators
Webinars and Video Lessons
Research

CMC Markets education

Conclusion

So why CMC Market? Because of their huge experience in the trading business for about 30 years, focus on a client – always looking at how to improve, value for money – keeping trading costs with the competitive spreads and low margins.

The 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 to emphasize 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.

Nevertheless, we would be happy to know your personal opinion or you can ask us if there is something missing within CMC Markets Review in the comment area below.

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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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