CMC Markets UK is a leading broker with over 1 million customers in 4 continents. This broker is listed on the London Stock Exchange (LSE) and has offices in various countries, including Australia, Canada, Spain, Norway, Poland, and many more.
CMC Markets allow traders to trade on Spread Betting, CFD Trading, and FX Active accounts with a maximum leverage of 1:500.
CMC Markets Company Information & Regulation Overview
CMC Markets has built a strong reputation over its 30+ years in the financial industry. The company's commitment to regulatory compliance and client protection is evident in its multiple licenses from top-tier financial authorities worldwide:
- Financial Conduct Authority (FCA) in the UK (registration no. 173730)
- Cyprus Investment and Securities Commission (CySEC) in Cyprus
- Federal Financial Supervisory Authority (BaFIN) in Germany (license no. 154814)
- Australian Securities and Investments Commission (ASIC) in Australia
- Financial Markets Authority (FMA) in New Zealand
- Monetary Authority of Singapore (MAS) in Singapore
- Dubai Financial Services Authority (DFSA) in Dubai (license number F002740)
- National Financial Regulatory Administration (NFRA) in China
- Financial Market Authority Austria
- CMC Markets Germany GmbH Filial Oslo
CMC Markets Broker Summary of Specifications
This Forex broker offers a comprehensive suite of trading products and services, catering to both novice and experienced traders. Here's a summary of the key specifics:
Broker | CMC Markets |
Account Types | Spread Betting, CFD Trading, FX Active |
Regulating Authorities | FCA, ASIC, CySEC, DFSA, NFRA, FMA, BaFIN |
Based Currencies | GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD |
Minimum Deposit | $0 |
Deposit Methods | Visa/MasterCard, Bank wired |
Withdrawal Methods | Visa/MasterCard, Bank wired |
Minimum Order | N/A |
Maximum Leverage | 1:500 |
Investment Options | No |
Trading Platforms & Apps | MT4, Next Generation web trading platform |
Markets | Forex, indices, commodities, crypto, shares, ETFs, Treasuries |
Spread | Floating from 0.0 pips |
Commission | From $10 on shares |
Orders Execution | Market |
Margin Call/Stop Out | 80%/50% |
Trading Features | Demo account |
Affiliate Program | Yes |
Bonus & Promotions | Deposit bonus, cashback bonus |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, live chat, phone |
Customer Support Hours | Monday to Friday from 8am to 8pm |
Restricted Countries | Iran, Brazil, Yemen, Argentina, USA and more |
CMC Markets Accounts
CMC Markets offers 3 main account types to cater to different trading styles and preferences:
Account types | Spread Betting | CFD Trading Account | FX Active Account |
Minimum deposit | $0 | $0 | $0 |
Maximum leverage (retail clients) | 1:30 | 1:30 | 1:30 |
Spreads | Floating from 0.0 pips | Floating from 0.0 pips | Floating from 0.0 pips |
Commission | No | Yes (only for shares trading) | Yes (only for shares trading) |
Instruments | Forex, indices, commodities, shares, treasuries | Forex, indices, commodities, shares, treasuries | Forex, indices, commodities, shares, treasuries |
All account types provide access to CMC Markets' proprietary Next Generation platform, mobile apps, and MetaTrader 4. It is also worth mentioning that CMC Markets offers demo accounts for beginner traders.
CMC Markets Advantages and Disadvantages
Let’s review the benefits and drawbacks of trading with CMC Markets:
Advantages | Disadvantages |
Wide range of tradable instruments (over 12,000) | Limited withdrawal and deposit methods |
Established broker with strong regulatory oversight | High shares trading fees |
Low-cost Forex and CFD trading | - |
Excellent user experience across platforms and tools | - |
CMC Markets Broker Account Opening
The account opening process on CMC Markets is user-friendly and takes no time to complete. CMC Markets registration:
#1 Access & Initial Setup
Go to the official CMC Markets site, select your country, and click Get Started. Enter your email, create a strong password, and choose your preferred platform.
#2 Account Creation & Email Confirmation
Select your account type (e.g., MT4 CFD or FX Active), then verify your email using the 6-digit code sent to your inbox.
#3 Demo Access & Live Upgrade
You’ll first log into a demo account. To activate live trading, click Open a Live Account, then choose your account settings: country, platform, currency, and account type.
#4 Submit Required Information
Fill in your personal details, tax and nationality data, residential address, employment, and financial background, including trading experience.
#5 Final Confirmation
Agree to the terms and conditions and submit your application. Your live account will be ready once verification is complete.
CMC Markets Verification
CMC Markets verification requires both proof of identity (such as a passport, driver's license, or ID card) and proof of address (such as a bank statement or utility bill). The broker will review your documents and verify your account in 1-2 days.
CMC Markets Trading Platforms
CMC Markets offers a range of trading platforms, including MetaTrader 4, to suit different preferences:
Next Generation Platform (web-based)
- Intuitive interface with advanced charting tools
- Customizable workspace and module linking
- Real-time news and market analysis
- 115 technical analysis indicators, 70 chart patterns, and 12 chart types
MetaTrader 4 (MT4)
- Industry-standard platform for Forex and CFD trading
- Advanced charting, technical analysis, and trading tools
- Support for automated trading (Expert Advisors)
- Available for desktop and mobile
Mobile Trading App
- Available for iOS and Android devices
- Full trading functionality on the go
- Real-time price alerts and notifications
Links:
CMC Markets Costs (Spreads and Commissions)
CMC Markets offers competitive pricing for Forex trading, with all costs incorporated into tight spreads. For major currency pairs such as EUR/USD, the spread is typically around 0.6 pips, and no separate commissions are charged for Forex CFDs.
However, stock CFD trading is significantly more expensive. A flat commission of $0.02 per share applies, with a minimum charge of $10 per trade, notably higher than industry averages. For instance, trading Apple CFDs incurs a $10.1 fee.
CMC Markets' other fees:
- Inactivity fee: £10 monthly, if there is no trading activity for one year
- Deposit withdrawal fee: No
- Currency Conversion fee: 0.05%
CMC Markets Broker Deposit & Withdrawal
CMC Markets offers several funding options:
- Credit/Debit Cards: Instant deposits
- Bank Transfer: 1-3 business days processing time
- Online Banking: Available in selected countries
Withdrawals can take up to 5 business days. CMC Markets doesn't charge fees for deposits or withdrawals, but your bank may apply charges. Important notes about funding and payouts:
- There is no minimum deposit required to open a CMC Markets account;
- You can deposit as little money as you wish, and there are no deposit fees for bank transfers;
- Withdrawals to a registered bank account have no limit;
- Withdrawals to a card are limited to $40,000 or its equivalent in your account currency within a 24-hour period;
- Withdrawal limits for cards may also be influenced by the amount deposited with that card in the last 12 months.
CMC Markets Broker Copy Trading & Investment Options
CMC Markets doesn't offer a dedicated copy trading or social trading platform. However, for those interested in copy trading, CMC Markets' integration with MetaTrader 4 allows the use of third-party copy trading services compatible with MT4.
Tradable Markets & Symbols in CMC Markets
CMC Markets offers an impressive range of tradable instruments:
- Forex: 330+ currency pairs
- Indices: 80+ global indices
- Cryptocurrencies: Major cryptocurrencies
- Commodities: 100+ instruments including metals, energies, and agricultural products
- Shares: 10,000+ stocks
- Share Baskets: Thematic baskets of related stocks
- Treasuries: 40 Government bonds from major economies
- ETFs: Access to 1000 various exchange-traded funds
This diverse offering allows traders to diversify their portfolios and take advantage of opportunities across multiple markets.
CMC Markets Bonuses and Promotional Programs
CMC Markets occasionally offers promotions, including:
- Refer a friend bonus: Both referrer and friend can receive a bonus (e.g., S$150 in Singapore)
- Welcome Bonus: Earn up to $4,000 on your first single deposit
It's important to note that promotions may vary by region and are subject to change. Always check the current offers on the CMC Markets website for your location.
CMC Markets Support Channels
CMC Markets provides comprehensive customer support:
- Phone: +49 (0) 69 22 22 440 44
- Email: eusupport@cmcmarkets.com
- Live Chat: Available on the website during business hours
- FAQ Section: Extensive self-help resources
The quality of CMC Markets' customer support is generally well-regarded, with knowledgeable staff providing prompt and effective assistance.
They are adept at addressing both technical issues and trading-related queries, ensuring a smooth user experience. Clients often praise the team's professionalism and accessibility across multiple communication channels.
CMC Markets Restricted Countries and Regions
CMC Markets does not accept clients from certain countries due to regulatory restrictions. These include:
- United States
- Yemen
- Argentina
- Brazil
- Ukraine
- Belarus
- Iran
- Yemen
- North Korea
CMC Markets Broker Trust Scores
CMC Markets has generally positive reviews across various platforms. This broker has a 4.2/5 stars based on over 2000 reviews on the CMC Markets Trustpilot website.
The broker's commitment to addressing client concerns and maintaining transparency contributes to its overall positive reputation in the industry.
CMC Markets Educational Resources
CMC Markets offers a comprehensive education center:
- Platform Guides: Detailed tutorials on using the Next Generation and MT4 platforms
- Trading Library: Articles covering trading basics, strategies, and market analysis
- Webinars: Regular live sessions on various trading topics
- Market Analysis: Daily insights and commentary from CMC Markets analysts
CMC Markets in Comparison with Other Brokers
The table below helps you understand the pros and cons of trading with CMC Markets compared to other Forex brokers.
Parameters | CMC Markets Broker | |||
Regulation | FCA, ASIC, CySEC, DFSA, NFRA, FMA, BaFIN | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FSA, CySEC, ASIC | ASIC, FSC, DFSA, CySEC |
Minimum Spread | From 0.0 Pips | From 0.0 Pips | From 0.0 Pips | From 0.6 Pips |
Commission | From $10 on shares | From $0.2 to USD 3.5 | From $3 | $0 (except on Shares account) |
Minimum Deposit | $0 | $10 | $200 | $5 |
Maximum Leverage | 1:500 | 1:Unlimited | 1:500 | 1:1000 |
Trading Platforms | MetaTrader 4, Next Generation Web Trading Platform | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile | MT4, MT5, Mobile App |
Account Types | Spread Betting, CFD Trading, FX Active | Standard, Standard Cent, Pro, Raw Spread, Zero | Standard, Raw Spread, Islamic | Micro, Standard, Ultra Low, Shares |
Islamic Account | No | Yes | Yes | Yes |
Number of Tradable Assets | 12000+ | 200+ | 2,250+ | 1400+ |
Trade Execution | Market | Market, Instant | Market | Market, Instant |
TF Expert Suggestion
CMC Markets provides low-cost trading services (spreads from 0.0 pips and no commission on various instruments except stocks) with a $0 minimum deposit barrier, which is perfect for newcomers.
However, the high shares trading fees ($10) and limited withdrawal methods with high processing times (up to 3 days) might make it unsuitable for some traders.