(4.3 / 5)4+ Ratings

CMC Markets Reviews

Are you looking for ways to save money when shopping at CMC Markets. Our CMC Markets coupon codes can help you do just that! Over 4 customers have already used our coupons to save an average of $61 with CMC Markets discount codes. There are currently 13 coupons available, so now is the perfect time to join in on the savings.

Get Coupons

Overall Rating

4.3

4 Reviews

558%
442%
30%
20%
10%

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.

CMC Markets Pros & Cons

Pros of CMC Markets:

Extensive Investment Options: Offers over 12,000 tradeable symbols and 156 forex pairs, providing a comprehensive trading portfolio.
Highly Competitive Fees: Charges below-average spreads for the EUR/USD, with an average spread of 0.61, and offers discounts for active traders.
Superior Educational Resources: Provides extensive resources for both beginners and advanced traders, though slightly more favorable for experienced users.
User-Friendly Platforms: Offers a powerful proprietary web-based platform called Next Generation, as well as the widely-used MetaTrader 4, catering to both professionals and new traders.
Regulatory Compliance: Heavily regulated by reputable financial authorities such as ASIC, MiFID, and the FCA, ensuring a secure and trustworthy trading environment.
Advanced Trading Tools: Includes a range of innovating trading tools, including automated trading signals and a price projection tool.
Mobile Trading App: Provides a user-friendly mobile app with powerful charting features and over 40 popular indicators and drawing tools.

Cons of CMC Markets:

Limited Asset Base: Only offers CFDs, which means you cannot purchase real stocks, mutual funds, or bonds for long-term investment and income purposes.
High Fees for Stock CFDs: Incurs relatively high commission for trading stock CFDs, especially compared to cheaper brokers like IC Markets.
Limited MT4 Offering: The MetaTrader 4 account includes fewer tradeable symbols compared to its proprietary platform.
No MetaTrader 5 Support: Does not support MetaTrader 5, which might be a drawback for traders preferring its more advanced features.
Educational Material Limitations: The educational and training material offered is not up to current market standards, which might be a red flag for beginners.
No Access to US Clients: Does not accept US clients due to regulatory issues, which is a significant drawback given the size of the US market.

CMC Markets Coupon & Discount Codes

Grand 15% discount via this CMC Markets promo code. Best promotion right here!

Verified 6 days ago1580 Uses

15% OFF

Distinguished items for just $12 and above.

Verified 1 days ago880 Uses

$12 OFF

Gain 10% discount on all your items. Note the exclusions (if any).

Verified 8 days ago1340 Uses

10% OFF

CMC Markets Customer Reviews (4)

0/5

Carl Brann

Verified Buyer

Jul 18, 2024

Albika Bisliev

Verified Buyer

Jul 16, 2024

Megan Stephens

Verified Buyer

Jul 14, 2024

Tasha Kim

Verified Buyer

Jul 14, 2024

CMC Markets Customer’s Q&A

No question yet

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

CMC Markets Alternatives

Here are the top 10 alternatives to CMC Markets:

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

How To Open A CMC Markets Account?

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

Select your country of residence, account type, and account base currency.
Fill in your name, date of birth, phone, email, and address.
Answer a few questions about your employment status and trading experience, then click 'Submit'.
After submitting the form, you will get a response from CMC Markets within 60 seconds.
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!