CMC Markets Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MetaTrader4
- Mobile Apps
- Web Trading platform
- BaFin
- CNMV
- FCA
- IIROC
- ASIC
- 1989
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MetaTrader4
- Mobile Apps
- Web Trading platform
- BaFin
- CNMV
- FCA
- IIROC
- ASIC
- 1989
Our Evaluation of CMC Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CMC Markets is a reliable broker with the TU Overall Score of 7.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CMC Markets clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The CMC Markets broker offers the profitable trading conditions and is characterized as a broker which is providing the high level protection of investments to its traders.
Brief Look at CMC Markets
CMC Markets (https://www.CMC Markets.com/en/) is one of the leading companies in Forex and CFD trading, founded in 1989. The broker is regulated by the FCA 173730 (UK Financial Conduct Authority). The company provides a wide range of trading assets, including indices, stocks, and cryptocurrencies. Solid experience in the financial services market, regulation in the UK, and segregated accounts for clients are the foundation of a high level of traders' trust. The broker also has a risk management program. CMC Markets is popular in many countries, for example, in Australia.
- a wide range of assets;
- high level of security and compensation in case the company is recognized as illiquid;
- high technical level of the proprietary platform.
- the basic language of the site and support service is English;
- withdrawal and deposit methods are limited to bank transfers and Visa and MasterCard cards;
- despite the impressive amount of information, the official website does not have data on the minimum amount of start-up capital or trade speed;
- a new account must be opened for each category of trading assets;
- Apart from manual trading, there are no investment options.
TU Expert Advice
Financial expert and analyst at Traders Union
The CMC Markets broker has been on the market for over 30 years and during this time has gained the trust of clients, taking a confident position in the exchange and over-the-counter markets. The list of provided trading assets includes CFDs for stocks, commodities, cryptocurrencies, and classic currency pairs. Low spreads and fast execution of trade orders, and a stable platform attract traders.
The company focuses exclusively on active members working independently. So, it is not suitable for those who wish to receive passive profit by investing in trust management. However, traders who prefer to trade manually have effective analytical tools at their disposal, which positively affects the efficiency of trading operations.
The CMC Markets website is not user-friendly because it contains a lot of really useful information that is not so easy to find.
- You are an experienced trader. CMC Markets offers a wide range of advanced features and resources, including Level 2 data, technical analysis tools, and algorithmic trading capabilities, catering to the needs of seasoned traders.
- Regulation is a top priority for you. CMC Markets is regulated by top-tier authorities in multiple jurisdictions, including the FCA in the UK and ASIC in Australia, providing a high level of regulatory oversight and protection.
- You value educational resources and research. CMC Markets offers extensive educational materials, webinars, and market analysis to support informed trading decisions, contributing to ongoing learning.
- You are looking for multiple options in terms of account offerings. CMC Markets does not offer a variety of account options, which may be a limitation if you prefer different account types to suit your trading style or preferences.
CMC Markets Summary
Your capital is at risk. All UK publishers must mention (As per FCA requirements) this disclaimer in their content about CMC Markets: "76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider" All EU publishers must mention this disclaimer in their content about CMC Markets: "78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider".
💻 Trading platform: | MetaTrader4, Web trading platforms, Mobile apps |
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📊 Accounts: | Spread betting account, CFD account, Demo (limited) |
💰 Account currency: | GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD |
💵 Replenishment / Withdrawal: | Bank transfer, payment cards |
🚀 Minimum deposit: | From $1 |
⚖️ Leverage: | Up to 1:500 |
💼 PAMM-accounts: | No |
📈️ Min Order: | No data |
💱 Spread: | From 0.7 pips |
🔧 Instruments: | Forex, Cryptocurrencies, Indices, Stocks, Commodities, Shares & ETFs, Treasuries |
💹 Margin Call / Stop Out: | 80/50% |
🏛 Liquidity provider: | No data |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Execution |
⭐ Trading features: | Cryptocurrency trading is allowed |
🎁 Contests and bonuses: | No |
Trading conditions of the CMC Markets broker can be attributed to a high level of competitiveness. The leverage reaches a ratio of 1:500. The spread in the company is floating. According to trading conditions, the minimum value of the spread for contracts for currency pairs is 0.7 pips, the average value is 0.9 pips.
CMC Markets Key Parameters Evaluation
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Trading Account Opening
How to open your personal account:
On the main page of the CMC Markets website in the top panel, click the "Register" button to create a real account.
Register by entering your current personal data in the appropriate fields: country of residence.
Enter your email and password. Click on the "Continue" button.
The following functions are available in the CMC Markets personal account:
There are also many other useful functions and features here:
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fresh analytics and the section has an economic calendar and news archive;
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analytical tools;
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customer support;
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education.
Regulation and Safety
The CMC Markets broker has been providing services for over 30 years. During this time, the company has earned the trust of customers around the world. CMC Markets is licensed by the UK (FCA 173730). It is an international regulator that monitors the fulfillment of their obligations by brokers very closely.
Advantages
- Availability of segregated accounts in accordance with the requirements of the regulator
- Independent external audit
Disadvantages
- Company insolvency insurance is not provided for retail traders
- It is sometimes difficult for traders to contact the regulator to clarify controversial issues
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
---|---|---|
Spread betting account | From $7 | No |
Also, the Traders Union experts have compared trading commissions at the CMC Markets broker with those of other Forex brokers. Each broker was assigned a level from low to high, based on the results of the assessment for this parameter.
Broker | Average commission | Level |
---|---|---|
|
$7 | |
|
$1 | |
|
$8.5 |
Account Types
CMC Markets offers two types of Real accounts for each category of selected instruments with identical trading conditions. There is no minimum deposit, the maximum leverage is 1:500.
Account types:
It is possible to open a demo account. It is suitable for strategy testing and training. It is worth considering that the demo account has a limited validity period.
CMC Markets is a company that is suitable for both novices and professional traders who prefer manual contracts for difference (CFDs) trading.
Deposit and Withdrawal
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You can withdraw funds via bank transfer or Visa and MasterCard payment cards.
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Withdrawal requests are processed on the same day if they are submitted by 14:00 (GMT + 1) for the UK and by 11:00 (GMT + 1) for customers outside the UK.
Investment Options
The CMC Markets broker does not provide investment programs for clients. The company is focused on cooperation with clients who prefer active trading to improve their own professional level. However, the broker still offers ways of passive earnings. These are affiliate programs.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CMC Markets affiliate program:
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Gray Label is targeted at licensed investment companies and trading account management firms. It allows you to copy the trading conditions of a broker. Cooperation is discussed individually with each partner.
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White Label allows the broker to use the CMC Markets network to promote the broker’s business.
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API Direct provides access to CFD and FX liquidity and stable prices for over 400 assets.
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Prime Derivatives allow counterparties to trade CFDs through the FIX API that is located in multiple data centers around the world and connected directly to the order management system.
As you can see, all programs are aimed at entrepreneurs. Affiliate programs open up opportunities for business development.
Additional Trading Tools
To help clients find profitable assets, CMC Markets provides the following tools:
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Market sentiment. This feature of the trading web platform shows which financial instruments are most popular and attract more investments from CMC Markets clients. WebTrader users can sort the type of data being broadcasted: trading statistics are available for all traders, as well as for the most profitable clients.
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Market Analysis. The company broadcasts opinions and trading ideas from its internal team of analysts, as well as data from reputable data providers such as news from Reuters and research from Morningstar. Additionally, CMC Markets clients have access to an online economic events calendar based on Thomson Reuters.
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Newsfeed on the CMC Markets website. New articles appear daily. They are dedicated to news about the economy, politics, and finance that may affect changes in asset prices in the short and medium term. Once a week, there is a forecast from the company's chief analyst Michael Hewson, who has been working in financial markets for over 30 years.
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Training for novice traders. The broker's website features an extensive library of articles useful for understanding the market and trading. Additionally, there is an option for individualized learning through seminars and webinars.
Customer Support
The broker's support service is ready to provide assistance around the clock, but not including weekends.
Advantages
- Works 24/5
- Answers quickly
Disadvantages
- Does not work on weekends
The broker offers several ways to contact support:
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call to phone numbers indicated on website;
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email.
Contacts
Education
The CMC Markets broker provides quality educational information. Thus, it will be very comfortable for traders to cooperate with the company, regardless of their professional level.
All information is general, therefore it is recommended to practice on a demo account before trading on a real account.
Comparison of CMC Markets with other Brokers
CMC Markets | RoboForex | Eightcap | Exness | AMarkets | NPBFX | |
Trading platform |
MT4, MobileTrading, Web platform | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, AMarkets App | MT4 |
Min deposit | No | $10 | $100 | $10 | $100 | $10 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.3 points | From 0 points | From 0 points | From 1 point | From 0 points | From 0.4 points |
Level of margin call / stop out |
80% / 50% | 60% / 40% | 80% / 50% | No / 60% | 50% / 20% | No / 30% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Detailed Review of CMC Markets
CMC Markets is a company that focuses on maximum coverage of trading assets: from currencies and metals to stocks, indices, and securities (US Treasury), as well as cryptocurrencies. CMC Markets provides direct access to trading at prices from global banks and liquidity providers. This feature is implemented thanks to API Direct. The undoubted advantages of the broker also include a high level of security and technical components of the trading mechanism.
A few numbers about the CMC Markets broker that will help a trader to choose a reliable broker:
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57,000 clients worldwide;
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over 50 awards;
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experience in trading since 1989.
CMC Markets is a broker for professional trading in the exchange and over-the-counter markets
CMC Markets is a direct broker with liquidity providers that offer optimal spreads. The company guarantees the best market prices as well as order execution without slippage. As a terminal, customers can use the classic MetaTrader 4 and the proprietary development of the company, as well as mobile applications. More than 100 technical tools are available to each client, including tools for drawing charts and diagrams.
A wide selection of CFDs on various assets is what attracts clients around the world. The company offers several accounts for trading CFDs on various financial instruments. The broker also accommodates traders with a demo account.
Useful services of CMC Markets:
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news feeds;
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more than 100 analytical tools;
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risk management.
Advantages:
modified technical functionality of the proprietary platform;
low spreads;
company experience in the market for over 30 years;
segregated accounts.
Algorithmic trading and scalping are allowed.
User Satisfaction