CMC Markets review: CMC Markets is a UK-based financial services provider that offers online trading in a variety of financial instruments, including forex, stocks, indices, and commodities. The company was founded in 1989 and has since grown into a global operation, with offices in 14 countries and over 70,000 clients worldwide. CMC Markets is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia.
One of the key features of CMC Markets' trading platform is its Next Generation platform, which is available on desktop and mobile devices. This platform offers advanced charting and technical analysis tools, as well as a range of order types and risk management tools. In addition to the Next Generation platform, CMC Markets also offers a MetaTrader 4 platform for forex traders.
CMC Markets offers competitive pricing on its trading products, with tight spreads and low commissions. The company also offers a range of educational resources, including webinars, seminars, and a trading academy. Clients can also access a range of research and analysis tools, including daily market commentary and trading signals.
Trading Terminals:
| 💵 Currency: | USD, GBP, EUR, CHF, AUD, SGD, JPY, CAD, HKD, NZD, NOK, SEK, ZAR |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | Up to 1:500 for Professional clients |
| 💱 Spread | From 0.3 pips for forex |
| 💹 Markets | Forex, Indices, Commodities, Shares, Treasuries, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | London, United Kingdom. |
Overall CMC Markets Review
Overall, CMC Markets is a reputable and established online trading provider with a wide range of products and services. The company's advanced trading platform and competitive pricing make it an attractive choice for traders of all levels, while its institutional services cater to the needs of more sophisticated clients.
Go to CMC Markets website
Geographic Distribution
Geography of clients (traders) of Markets Traders
Top Reviews
Best customer reviews of CMC Markets Reviews
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I've been using CMC Markets for a couple of years now and I'm really happy with the platform. The interface is user-friendly and easy to navigate, and the customer service is always quick to respond and helpful. The range of products available for trading is impressive and the fees are competitive. Overall, I would definitely recommend CMC Markets to other traders.
Germany
The trading platform is reliable and easy to use, and there is a good range of trading products available. However, I have found the fees to be quite high, particularly for smaller trades. Additionally, the customer service is hit and miss – sometimes helpful, but other times not so much. Overall, I would say that CMC Markets is a decent platform, but not necessarily the best option out there.
United Kingdom
I had some technical issues with the platform and when I tried to contact customer service, it took ages to get a response. When I finally did get through, the representative was unhelpful and rude. I ended up losing money because of the technical issues and the lack of support from CMC Markets.
Canada
Expert Review
Expert Review of CMC Markets
As an experienced financial analyst, I have conducted a comprehensive review of CMC Markets exchange, examining its key features and reliability.
First and foremost, CMC Markets has a strong reputation in the financial industry as a reliable and trustworthy exchange. It is regulated by several financial authorities, including the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS).
In terms of security, CMC Markets utilizes various measures to ensure the safety of its users' funds and personal information. This includes the use of encryption technology, two-factor authentication, and secure storage of funds in segregated accounts.
Furthermore, CMC Markets offers a wide range of trading instruments, including forex, CFDs, shares, commodities, and cryptocurrencies. Its trading platform is user-friendly and provides advanced charting tools, technical analysis indicators, and other features to enhance the trading experience.
One area where CMC Markets particularly stands out is its education and research resources. The exchange provides a range of educational materials, including webinars, seminars, and courses, to help traders improve their knowledge and skills. It also offers extensive research and analysis tools, including daily market reports, economic calendars, and real-time news feeds.
On the downside, CMC Markets charges relatively high fees compared to other exchanges, particularly for its share and forex trading services. Additionally, it has limited options for payment methods, with only bank transfer and credit/debit cards currently available.
In conclusion, CMC Markets is a reputable and reliable exchange that provides a range of trading instruments, education resources, and research tools. While it may have higher fees than some other exchanges, its strong regulatory oversight and security measures make it a trustworthy option for traders.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on CMC Markets carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts. Only trade with money that you can afford to lose and always remember that past performance is not indicative of future results.
Copy Trading
Investment Programs
CMC Markets offers copy trading services through their platform called “CopyPortfolios”. CopyPortfolios allow users to automatically copy the trades of expert traders, as well as invest in a diversified portfolio of assets selected by CMC Markets' experts. The CopyPortfolios are designed to offer a hands-off approach to investing for those who want to benefit from the knowledge and experience of professional traders.
However, it's important to note that copy trading carries its own set of risks, as the performance of the expert traders being copied cannot be guaranteed. Users should carefully evaluate the performance and strategy of the expert traders before deciding to copy their trades. Additionally, CMC Markets charges management and performance fees for their CopyPortfolios, which should also be taken into consideration before making any investment decisions.
CopyPortfolios is a feature offered by CMC Markets that allows users to invest in a diversified portfolio of assets, managed by a team of investment experts. This feature enables traders to copy the trades of successful investors, thereby reducing the risks associated with trading and increasing the chances of profitability.
It's important to note that past performance is not a guarantee of future results, so it's important to do your own research and evaluate the risks involved before investing in any CopyPortfolio.
The key difference of CopyPortfolios from other investment options is that they allow traders to invest in a diversified portfolio of assets, managed by an experienced investment team, rather than selecting individual assets to invest in themselves. This provides a more passive and hands-off approach to investing, while still potentially offering strong returns.
Best Copy Trading Platforms
Conditions
Trading Conditions for CMC Markets Traders
Trading Terminals:
CMC Markets offers trading in over 10,000 financial instruments, including forex, shares, indices, commodities, and cryptocurrencies.
The minimum deposit to open an account is £/€/$ 100.
The maximum leverage available for retail traders is 1:30 for forex and 1:20 for indices and commodities, while professional traders can access higher leverage levels of up to 1:500.
The spreads for forex start at 0.7 pips for major currency pairs, while the commissions for share CFDs start at 0.10% per trade.
CMC Markets offers both variable and fixed spreads for its trading instruments.
There are no deposit or withdrawal fees, but a $15 monthly inactivity fee may apply if the account is inactive for a period of 12 months or more.
Traders have access to a variety of trading platforms, including the proprietary Next Generation platform, MetaTrader 4, and mobile trading apps for iOS and Android devices.
The order execution is fast and reliable, with a high level of transparency.
CMC Markets offers negative balance protection to all traders, ensuring that they cannot lose more than the funds available in their account.
Overall, CMC Markets provides competitive trading conditions with a wide range of trading instruments, multiple platforms, and reliable order execution.
| 💵 Currency | USD, GBP, EUR, CHF, AUD, SGD, JPY, CAD, HKD, NZD, NOK, SEK, ZAR |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | Up to 1:500 for Professional clients |
| 💱 Spread | From 0.3 pips for forex |
| 💹 Markets | Forex, Indices, Commodities, Shares, Treasuries, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Credit/debit card, Bank transfer, Online payment systems (Skrill, Neteller) |
| 🏦 Broker Type: | Market Maker |
| 📞 Customer Service | Phone, Email, Live Chat |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ❌ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | London, United Kingdom |
Risk Warning
Comparison
Comparison of CMC Markets with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
CMC Markets Accounts, Commissions & Fees
CMC Markets offers three main types of accounts: Standard, Premium, and Professional. The accounts differ in terms of the minimum deposit amount, account features, and trading conditions.
The Standard account is suitable for new traders and requires a minimum deposit of $10. It offers fixed spreads, no commissions, and a limited range of markets to trade.
The Premium account is designed for more experienced traders who require access to a wider range of markets and features. It requires a minimum deposit of $1,000 and offers competitive spreads, no commissions, and additional features such as custom watchlists, email and SMS alerts, and premium customer support.
The Professional account is available to traders who meet certain eligibility criteria, including having a portfolio of at least €500,000. This account offers even lower spreads, reduced commission rates, and access to professional trading tools such as Direct Market Access (DMA) and advanced order types.
CMC Markets charges a spread on each trade, which varies depending on the account type and market being traded. For example, the spread on major forex pairs for the Standard account is fixed at 0.7 pips, while the spread on the same pairs for the Premium account is variable, starting from 0.3 pips.
There are no deposit or withdrawal fees for most payment methods, but some electronic payment methods may incur a fee. CMC Markets also charges an inactivity fee of $10 per month for accounts that have been inactive for more than 12 months.
| Account type | Standard | CFD Account | Corporate Account | Professional Account |
|---|---|---|---|---|
| Spreads | From 0.3 pips | From 0.3 pips | From 0.3 pips | From 0.3 pips |
| Leverage | Up to 1:30 | Up to 1:30 | Up to 1:500 | Up to 1:500 |
| Minimum Deposit | $10 | $1,000 | 10,000 | Contact for details |
| Minimum Order | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Demo Account | ✅ | ✅ | ❌ | ✅ |
| Commissions | From $1 per lot traded | From $1 per lot traded | Contact for details | From $1 per lot traded |
CMC Markets offers Islamic accounts for traders who follow the principles of Shariah law. These accounts comply with Islamic finance rules and do not charge any interest on overnight positions. Instead, a fixed administration fee is charged on positions that are held overnight. Additionally, Islamic account holders do not pay any fees or commissions on trades, and are able to access all of the trading instruments and platforms that are available to standard account holders. Overall, the Islamic account option provides a way for traders to participate in the financial markets while adhering to their religious beliefs.
Overall, CMC Markets' commission and fee structure is competitive with other leading brokers in the industry.
Risk Warning
Final review
Detailed review of CMC Markets
CMC Markets is a global provider of online trading and investment services. Founded in 1989 in the United Kingdom, CMC Markets has since expanded to operate in multiple countries across the world, offering a wide range of financial products including forex, stocks, indices, commodities, and cryptocurrencies.
CMC Markets is an excellent choice for beginner traders looking for a reliable and trusted forex broker.
In terms of trading conditions, CMC Markets offers competitive spreads and leverage up to 1:500, which allows traders to maximize their trading potential. The broker also offers a range of account types to cater to traders of different levels, including a demo account for beginners to practice trading in a risk-free environment.
CMC Markets is also committed to providing excellent customer service, with a dedicated support team available to assist traders 24/5 via phone, email, live chat, and social media. Additionally, the broker offers a range of educational resources, including webinars, articles, and video tutorials, to help traders improve their skills and knowledge.
However, like any broker, there are some potential drawbacks to consider. CMC Markets charges commission on some account types, which may make trading more expensive for some traders. Additionally, the broker's product offering may not be as extensive as some of its competitors, particularly in the area of cryptocurrencies.
Overall, CMC Markets is a reputable and reliable broker with a strong focus on customer service and an advanced trading platform. While there are some potential drawbacks to consider, the broker's competitive trading conditions and range of educational resources make it a strong choice for traders of all levels.
Advantages:
CMC Markets Regulator
Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA): The FCA is the UK's financial regulatory body that oversees and regulates financial firms to ensure they operate in the best interests of consumers. CMC Markets is authorized and regulated by the FCA, which means it must comply with strict regulations on client protection, financial reporting, and risk management. Being regulated by the FCA is considered a positive attribute for a broker as it provides a level of credibility and transparency to clients.
Regulator website: Financial Conduct Authority (FCA)
Australian Securities and Investments Commission (ASIC)
Australian Securities and Investments Commission (ASIC): ASIC is an independent Australian government body that regulates financial services to protect consumers, investors, and creditors. CMC Markets is also authorized and regulated by ASIC, which is a positive attribute for a broker operating in Australia. ASIC regulates the financial markets in Australia and ensures that financial services providers operate with transparency and in compliance with relevant laws.
Website: Australian Securities and Investments Commission (ASIC)
Monetary Authority of Singapore (MAS)
Monetary Authority of Singapore (MAS): MAS is the central bank of Singapore that regulates financial institutions to ensure the stability of the financial system. CMC Markets is authorized and regulated by MAS, which is considered a positive attribute for a broker operating in Singapore. MAS regulates the financial markets in Singapore and ensures that financial services providers comply with the relevant laws and regulations.
Risk Warning
Promotions
Bonuses Paid by the CMC Markets
As a regulated financial services provider, CMC Markets does not offer deposit bonuses or promotions to clients. However, they may offer occasional trading contests or other incentives to clients who meet certain requirements. It is important to note that any bonuses or incentives offered by the broker will be subject to terms and conditions, which should be carefully read and understood before participating. Additionally, CMC Markets encourages responsible trading and does not condone reckless or excessive trading practices in pursuit of bonuses or rewards.
However, they have various promotions and contests that may provide additional bonuses and prizes. To find out about current promotions, we recommend visiting the “Promotions” section on the official website of CMC Markets.
Education
Review of the CMC Markets Education Program
The CMC Markets Education Program offers a wide range of resources and tools to help traders of all levels improve their knowledge and skills. Here are some details about the program:
Overall, the CMC Markets Education Program offers a comprehensive set of resources and tools for traders of all levels. Whether you're a beginner or an experienced trader, there's something for everyone in the program.
Best Online Trading Courses
-
The Future of DeFi: Trends and Predictions for 2024
-
Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
-
Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
-
Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
-
Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
-
The Future of Cryptocurrency: Predictions and Trends for the Next Decade
-
Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
-
Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
-
Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
-
Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
CMC Markets Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I am impressed with their platform and customer service. The platform is easy to use and has a great selection of markets to trade. The customer service was very helpful when I needed it. Overall, my experience with CMC Markets has been excellent.
I’ve been using CMC Markets for several years now and have always found their platform to be reliable and user-friendly. The range of markets available to trade is extensive and the educational resources are top-notch. I also appreciate their excellent customer support, which is always available to answer my questions.
Their platform was glitchy and caused me to lose money on trades that should have been profitable. When I tried to contact customer service, I received unwanted and dismissive responses. I ended up losing a significant amount of money and would not recommend this platform to anyone.
I don’t have any major complaints, nor do I find anything particularly outstanding about their platform. It works well enough, but I had some issues with slippage and occasional downtime. The customer service has been helpful, but sometimes it takes a long time to get a response. Overall, it is a good platform.