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CMC Markets Broker Review 2024

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CMC Markets Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:CMC Markets
Founded:United Kingdom
Min Deposit:1
Max Leverage:500
Headquarter:London
US Accepted:
About
CMC Markets is a London-based Forex and CFD broker that has been operating since 1989. This broker has 12 offices worldwide and offers over 12,000 tradable markets and instruments to more than 1 million traders and investors on four continents.
Contact
CMC Markets, 133 Houndsditch, London EC3A 7BX, UK
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Established broker with strong regulatory oversight
Excellent user experience across platforms and tools
Low-cost Forex and CFD trading
Wide range of tradable instruments (over 12,000)
Cons
Limited withdrawal and deposit methods
Limited withdrawal and deposit methods High shares trading fees

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 broker review
CMC Markets complete review for traders in capital markets

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 FCA regulation
CMC Markets is regulated by multiple authorities, including FCA in the UK

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 accounts
CMC markets offer 3 main account types for retail clients

CMC Markets Advantages and Disadvantages

Letā€™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

High shares trading fees

Established broker with strong regulatory oversight

Low-cost Forex and CFD trading

Excellent user experience across platforms and tools

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;
CMC Markets account registration
Type in your personal details in the CMC Markets registration form
  1. Enter your national ID details and upload the documents;
  2. Enter address details and upload the necessary documents;
  3. 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
CMC Markets Next Generation trading platform
CMC markets Next Generation trading platform is available on web browsers

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

Links:

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
CMC Markets welcome bonus
CMC Markets offers a welcome bonus for the first single deposit of new traders

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 restricted locations
CMC Markets Doesnā€™t offer services in countries mentioned above

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.

CMC Markets Trustpilot score
CMC Markets has a 4.2 out of 5 score 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.

FAQs

Is CMC Markets regulated?

Yes, CMC Markets is regulated by multiple tier-1 authorities, including the FCA, ASIC, and BaFIN.

Can I use MetaTrader 4 with CMC Markets?

Yes, CMC Markets supports MetaTrader 4 in addition to its proprietary platforms.

What assets can I trade with CMC Markets?

CMC Markets offers trading in forex, indices, commodities, shares, cryptocurrencies, and more, totaling over 12,000 instruments.

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