(4.3 / 5)4+ Ratings

CMC Markets Reviews

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Overall Rating

4.3
4 Reviews
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About CMC Markets

CMC Markets is a leading global provider for online trading. It offers a platform for trading various instruments around the world. These include Forex pairs, Indices, Cryptocurrencies, Commodities, Shares & ETFs, and Treasuries.

The platform provides a trading experience for both new and experienced traders. For new traders, it offers a risk-free demo, no minimum deposit, and advanced risk management. For experienced traders, it offers a wide range of charting tools, fast automated execution, expert news & analysis, competitive spreads, and advanced trading tools.

Users can manage their account, analyse the markets, and trade from anywhere on their award-winning platform, available across all devices including desktop, mobile, and tablet. The platform also provides market-leading education for all experience levels, including webinars & events, trading strategy videos, and platform video guides.

It's important to note that tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK. Losses can exceed deposits when trading CFDs or spread betting with CMC Pro. Retail client protections do not apply.

For further inquiries, please visit their official website.

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CMC Markets Customer Reviews (4)

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Carl Brann
Carl Brann
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Jul 18, 2024
Albika Bisliev
Albika Bisliev
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Jul 16, 2024
Megan Stephens
Megan Stephens
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Jul 14, 2024
Tasha Kim
Tasha Kim
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Jul 14, 2024

CMC Markets Customer’s Q&A

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CMC Markets Features and Benefits

CMC Markets offers a wide range of features and benefits for its users:

  • Value for Money: Competitive and reliable pricing with attractive spreads across the product range. Margin rates start from 3.3% for forex, 5% for indices and commodities, and 20% for shares and treasuries.

  • More Trading Opportunities: Thousands of spread betting and CFD instruments to trade, including forex, indices, commodities, cryptocurrencies, shares, share baskets, ETFs, and treasuries.

  • Intuitive Platform: The online trading platform is award-winning and constantly innovating. It's highly customizable and rich with features such as an advanced order panel.

  • Dynamic Charting Capability: Comprehensive and advanced charts provide a host of features to support chart analysis, including multiple chart types, over 115 technical indicators and drawing tools, and a pattern recognition feature.

  • Trade Anywhere: Mobile trading apps designed for iPhone and Android devices allow complete control over the account and trades, wherever the user is.

  • Execution Control: Enter and exit trades quickly with cutting-edge technology. Multiple order types are available for enhanced order management.

  • Risk Management: An extensive range of risk-management features help manage trading risk effectively, helping to secure potential profits and minimize losses.

  • Dedicated Support: 24-hour dedicated support for all users.

  • Security of Funds: High level of security and compensation in case the company is recognized as illiquid.

Remember, trading involves risk and it's important to understand these risks before starting. For more details, please visit the official website.

CMC Markets Pricing

CMC Markets offers a competitive pricing schedule that varies based on the client’s trading preferences, account type, and asset class. The prices of their products are generated electronically by the platform and are based on the market prices of the relevant underlying products.

For products predominantly traded on an exchange, market prices are sourced from industry-leading data vendors. For products predominantly traded over the counter (OTC), such as FX, price data is sourced directly from liquidity providers.

The automated pricing engine collates and checks thousands of prices per second from these data sources, discarding any prices determined as erroneous. It is from this cleansed data that the prices are derived.

Spreads are fairly tight across the board and start from 0.3 pips for foreign exchange pairs which rank as very affordable for the industry.

Please note, some products may not be available in certain jurisdictions. For more information on how instruments are priced, please visit the official website.

Payment Method

CMC Markets provides users with several options for funding their accounts:

  • Bank Transfers: These are typically fee-free and require up to 2 business days to process.
  • Credit Cards: Only Visa and Mastercard credit cards are accepted.
  • eWallets: Currently, PayPal is the only eWallet service available.

All deposits are charge-free and can be done through the Client Portal of CMC Market. Please note that all payments must come from an account in the user's name. Any payments from third-party sources will be returned. For more details, please visit the official website.

CMC Markets FAQs

FAQ

CMC Markets Alternatives

Here are the top 10 alternatives to CMC Markets:

  1. eToro: Known for its social trading feature, allowing users to follow and copy the trades of expert investors.
  2. OANDA: A US-based forex broker offering a user-friendly platform and a variety of trading tools.
  3. Forex.com: A global CFD and forex broker with a wide range of trading options.
  4. Ig: Offers a comprehensive range of trading options, including CFDs and forex.
  5. Interactive Brokers: Provides access to a wide range of asset classes.
  6. XTB: A global CFD broker known for its excellent customer service.
  7. FP Markets: An Australian CFD and forex broker offering competitive pricing.
  8. Saxo Bank: A Danish investment bank providing a variety of trading options.
  9. Admirals (Admiral Markets): A global forex and CFD broker with a focus on providing quality market research.
  10. IC Markets: Known for its raw spreads and a wide range of tradable instruments.

Each of these platforms offers unique features and benefits, so it's important to research and choose the one that best fits your trading needs and preferences. For more details, please visit their official websites.

FAQ

How To Open A CMC Markets Account?

To open an account at CMC Markets, follow these steps:

  1. Select your country of residence, account type, and account base currency.
  2. Fill in your name, date of birth, phone, email, and address.
  3. Answer a few questions about your employment status and trading experience, then click 'Submit'.
  4. After submitting the form, you will get a response from CMC Markets within 60 seconds.
  5. Fund your account and choose from over 12,000 financial instruments to start trading.

Remember, most applicants can be identified online and will not need to send in any paperwork. Once your ID is confirmed or if you're electronically identified, your application will be processed and your trading account will be opened within 2-4 days.

Please note that you won’t be able to place a trade unless there are sufficient funds in your account to open a position. Happy trading!

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