CMC Markets UK Broker Review 2024

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

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:

CMC Markets Accounts

CMC Markets offers 3 main account types to cater to different trading styles and preferences:

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:

CMC Markets Broker Account Opening and Verification

Opening an account with CMC Markets is a straightforward process:

1. Visit the CMC Markets website and click "Start Trading;"
2. Enter your email and password then Choose your trading platform;
3. Choose your account type;
4. Enter the code CMC Markets sent your email to verify your account;
5. Enter personal details;

6. Enter your national ID details and upload the documents;
7. Enter address details and upload the necessary documents;
8. 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:

• Android
• iOS
• Windows
• Mac

Mobile Trading App

• Available for iOS and Android devices
• Full trading functionality on-the-go
• Real-time price alerts and notifications

Links:

• Android
• iOS

CMC Markets Costs (Spreads and Commissions)

CMC Markets offers competitive pricing across its product range (except for shares trading):

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.

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 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 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 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.