CMC Markets, founded in 1989, is a leading global provider of online trading and investing services, offering over 12,000 financial instruments to retail, professional, and institutional clients.
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. In this CMC Markets review, we'll review this broker's features, advantages, and potential drawbacks to help you determine if it's the right broker for your trading needs.
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
CMC Markets 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, Tresuries |
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 Broker Account Opening and Verification
Opening an account with CMC Markets is a straightforward process:
- Visit the CMC Markets website and click "Start Trading;"
- Enter your email and password then Choose your trading platform;
- Choose your account type;
- Enter the code CMC Markets sent your email to verify your account;
- Enter personal details;
- Enter your national ID details and upload the documents;
- Enter address details and upload the necessary documents;
- Fill out employment, financial background, and knowledge questionnaires.
CMC Markets Trading Platforms
CMC Markets offers a range of trading platforms 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 indicators, 70 chart patterns, and 12 chart types
MetaTrader 4 (MT4)
- Industry-standard platform for Forex and CFD trading
- Advanced charting and technical analysis tools
- Support for automated trading (Expert Advisors)
- Available for desktop and mobile
Links:
Mobile Trading App
- Available for iOS and Android devices
- Full trading functionality on-the-go
- Real-time price alerts and notifications
CMC Markets Costs (Spreads and Commissions)
CMC Markets offers competitive pricing across its product range (except for shares trading):
Account types | Spread | Commission | Minimum commission |
Spread Betting | From 0.0 Pips | No commission | No |
CFD trading | From 0.0 Pips | Yes (shares only) | US shares from $10, UK shares from Ā£9 |
FX Active | From 0.0 Pips | Yes (shares only) | US shares from $10, UK shares from Ā£9 |
CMC Markets other fees:
- Inactivity fee: Ā£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.
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.
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 able to assist with both technical and trading-related queries.
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 Trustpilot website.
The broker's commitment to addressing client concerns and maintaining transparency contributes to its overall positive reputation in the industry.
TF Expert Suggestion
CMC Markets, with over 30 years of experience, stands out as a well-established, highly-regulated broker offering a wide range of tradable instruments, competitive pricing, and advanced trading platforms.
Its strong regulatory oversight by notable authorities, including ASIC, DFSA, CySEC, FCA, BaFIN, and more, combined with innovative technology and comprehensive educational resources, make it an attractive option for both beginners and experienced traders.
However, potential clients should be aware of the high risks associated with CFD trading and spread betting, as reflected in the high percentage of retail investor accounts that lose money with this provider. It's crucial to thoroughly understand these products and carefully consider your financial situation before trading.
