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.
CMC Markets 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.
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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of CMC Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, CMC Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
CMC Markets Standard spreads CMC Markets OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.7 0.1 0.9 GPB/USD max, pips 1.0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
CMC Markets RAW/ECN spreads CMC Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with CMC Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
CMC Markets Non-Trading Fees CMC Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 10 0 15 -
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
CMC Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 BaFin
Full Name Federal Financial Supervisory Authority Country of regulation Germany Investor Protection Fund Up to €20,000 Regulation Level Tier-1 CIRO
Full Name Investment Industry Regulatory Organization of Canada Country of regulation Canada Investor Protection Fund CAD 1,000,000 Regulation Level Tier-1 MAS
Full Name Monetary Authority of Singapore Country of regulation Singapore Investor Protection Fund No specific fund Regulation Level Tier-1 CMC Markets Security Factors Foundation date 1989 Negative balance protection YesVerification (KYC) Yes -
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.
- Cent account for beginners
- Demo account
- Tight spread ECN account
- Micro lots are not available
- No Swap Free account
CMC Markets account types vs top competitors CMC Markets Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent YesNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged YesNoNoCMC Markets accounts trading conditions
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:
Account Type Description Spread betting account Spread betting account to spread bets; CFD account CFD account that allows trading contracts for more than 1000 commodities. 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.
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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.
CMC Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Low minimum withdrawal requirement
- Supports 5+ base account currencies
- Bank card deposits and withdrawals
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC payments not accepted
- Wise not supported
What are CMC Markets deposit and withdrawal options?
CMC Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
CMC Markets Deposit and Withdrawal Methods vs Competitors CMC Markets Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are CMC Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. CMC Markets supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, Bitcoin, RUB, CZK, CNH, TRY, HUF, MXN, NOK.
What are CMC Markets's minimum deposit and withdrawal amounts?
The minimum deposit on CMC Markets is $0, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact CMC Markets’s support team.
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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.
- ETFs investing
- Passive income with bonds
- Indices trading
- Copy trading not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by CMC Markets with its competitors, making it easier for you to find the perfect fit.
CMC Markets Trading.com Plus500 Currency pairs 330 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 12000 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products CMC Markets offers for beginner traders and investors who prefer not to engage in active trading.
CMC Markets Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts YesNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
CMC Markets account opening CMC Markets Trading.com Plus500 Online Registration YesYesYesMinimum deposit $0 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is CMC Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Trade statistics and account management..
- Account settings..
- Withdrawal of funds and replenishment of the trading account..
There are also many other useful functions and features here:
- fresh analytics and the section has an economic calendar and news archive;
- analytical tools;
- customer support;
- education.
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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 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationThe broker's support service is ready to provide assistance around the clock, but not including weekends.
- Works 24/5
- Answers quickly
- Does not work on weekends
The broker offers several ways to contact support:
- call to phone numbers indicated on website;
- email.
Contacts Foundation date 1989 Registration address CMC Markets UK Plc 133 Houndsditch London EC3A 7BX United Kingdom Regulation FCA UK, BaFin, MAS, CIRO Licence number:
173730, 154814Official site cmcmarkets.com Contacts clientmanagement@cmcmarkets.co.uk +44 (0)20 7170 8200
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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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