Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
CMC Markets Pros & Cons
- 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 Verdict
CMC Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
CMC Markets User Reviews
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5-star
27%
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4-star
18%
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3-star
15%
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2-star
24%
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1-star
16%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of CMC Markets have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
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Is CMC Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10CMC Markets has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 37 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7 /10CMC Markets offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Managed.
CMC Markets covers the core account types, making it convenient for traders with different preferences and strategies.
- Standard account with balanced trading conditions
- Cent account for beginners
- Low minimum deposit
- Micro lots are not available
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.7 /10CMC Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.5 /10CMC Markets offers a wider selection of trading assets than the market average, with over 12000 tradable assets available, including 330 currency pairs.
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Trading Account Opening
We successfully registered an account with CMC Markets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at CMC Markets is $0.Score:We evaluated Trading Account Opening at CMC Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at CMC Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.5 /10
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CMC Markets Video Guides
FAQs
How safe is trading with CMC Markets in terms of regulation and client protection?
CMC Markets has a safety score of 10/10 and is described as having a high security level, supported by Tier-1 regulation and a long operating history since 1989. It is regulated by authorities including the FCA (UK), BaFin (Germany), CIRO (Canada), and MAS (Singapore), with investor compensation schemes such as up to £85,000 in the UK, up to €20,000 in Germany, and CAD 1,000,000 in Canada, while Singapore has no specific fund mentioned. The broker also provides negative balance protection and requires KYC verification.
What commissions and trading fees does CMC Markets charge on forex and non-trading services?
CMC Markets has a fees score of 7/10, with overall trading and non-trading costs rated as medium and described as having low forex trading fees and tight EUR/USD spreads. On Standard accounts, EUR/USD spreads typically range from 0.5 to 0.8 pips and GBP/USD from 0.7 to 1.0 pips, while RAW/ECN accounts show average spreads of 0.1 pips for EUR/USD and 0.2 pips for GBP/USD with a $3 commission per lot. Non-trading fees include no deposit or withdrawal fees but an inactivity fee of $10 per month.
What do user reviews and feedback say about CMC Markets overall?
CMC Markets has a user satisfaction score of 6.3/10 based on 113 reviews, with 27% 5-star and 16% 1-star ratings. The distribution also shows 18% 4-star, 15% 3-star, and 24% 2-star reviews, and the overall tone of user reviews is described as mostly negative. According to user reviews, experiences appear mixed but lean toward dissatisfaction.
What deposit and withdrawal options and fees are mentioned in CMC Markets reviews?
CMC Markets supports deposits and withdrawals via bank cards and bank wire transfers, with no deposit fee and a safety score of 6.65/10 for its funding processes. The broker offers 5+ base account currencies, including USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, Bitcoin, RUB, CZK, CNH, TRY, HUF, MXN, and NOK, and sets a minimum deposit of $0 and minimum withdrawal of $1. However, the review notes limited flexibility in payment methods, with USDT and PayPal not supported, which may lead to higher costs for some users.
How do traders describe the CMC Markets account opening process in their feedback?
The account opening process at CMC Markets is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, and the minimum deposit is stated as $0. The review highlights that onboarding is considered accessible and relatively hassle-free, though it also notes that registration and account approval may take longer depending on documentation. Once registered, users can access features such as trade statistics, account management, funding and withdrawals, analytics, an economic calendar, news, support, and education.
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