CMC Markets Review 2021

CMC Markets Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

6.6

Overall rating

6.39

/10

Execution of orders

6.81

/10

Investment instruments

6.45

/10

Withdrawal speed

6.75

/10

Customer Support work

6.23

/10

Variety of instruments

6.97

/10

Trading platform

42

Position
in rating

Trading terminals:

MetaTrader4 Mobile Apps
42

Position in rating

6.6/10
Overall rating

Trading terminals:

MetaTrader4 Mobile Apps

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of CMC Markets Trading Company

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 (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.

Attention!

We work with accounts opened exclusively through the Traders Union website.

👍 Advantages of trading with CMC Markets:

  • 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.

👎 Disadvantages of CMC Markets:

  • 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.

Overall

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.

Visit CMC Markets

CMC Markets Latest Comments for 2021

13
0
2

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of CMC Markets published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

It is a pleasure to do business with CMC Markets. I have been working with this broker for at least a year and have not noticed a single problem. The company fulfills all its agreements. It operates in the legal field and is regulated by the FCA. The British regulator is not the one to trifle with because it has the reputation of revoking licenses in a flash.
In January, I earned about $2,000 cooperating with CMC Markets. It is a pity that the broker only provides manual trading. If it had advisory or trust management, it would be even cooler. Presently, I do not plan to end my cooperation with this company because I do not see an alternative.

I recently registered on the CMC Markets platform. A friend advised me to open an account with this broker since the office is reliable and regulated by a reputable supervisory authority. For me, a broker that operates properly and within the law means a lot. I got into scams time and again and lost large sums. There are no complaints about CMC Markets. Execution of orders is prompt, there are no problems with the payment of profits. Recently, I received another payment to my card of $3,000.

CMC Markets has not been the subject of fraud or deposit/withdrawal complaints. I started with this broker as a beginner. It is great that both a demo account and training materials are provided for novice traders, even if they are only in English. I didn't even lose the deposit! The broker offers high-quality analytics and 24/5 support. I repeatedly asked for help, even at night. They never kicked me off, all issues were resolved promptly. Comfort in trading and broker’s honesty are important for me and CMC Markets has it all.

CMC Markets is not a fly-by-night broker! I realized this right away when I first registered on the platform. Сustomer support tries to support clients in everything from the verification process to the withdrawal of funds. To be honest, in comparison with the previous broker, this is just "heaven on earth".
I started on the CMC Markets platform with a minimum deposit, but I was able to develop a little bit. Now there is more than $20,000 on the balance. There are no problems with withdrawing a profit, it always happens quickly and easily.

I have no complaints about CMC Markets. This review is objective and transparent. I have been trading with this broker since 2018 and actively use a mobile application to make trades because I travel often. Everything works fine and I haven't noticed any technical glitches or bugs. Special thanks go to the support team for efficient consultations 24/5. They helped me become proficient with crypto trading since before that I had no experience in this area. Everything is perfect! I have already earned over $10,000 trading bitcoins.

At CMC Markets the variety of assets is enough for me. I mainly trade CFDs on cryptocurrencies, as I believe they bring the greatest profit. Thanks to the expert assistance provided in this company for both beginners and experienced traders. I didn't lose my deposit. The interface of the proprietary trading platform is intuitive. I figured it out quickly, without even resorting to the Help or the support menus.
The speed of payments should be noted separately. This broker is unable to boast of a wide variety of payment methods, but the proposed options are quite suitable for me. The main point is that everything is prompt and without scammers.

I have a neutral attitude towards CMC Markets. I do not see any problems with this broker. The broker cares about the conditions of trading and has a variety of trading instruments.
Of course, you need to be prepared to meet the requirements of a brokerage organization and go through verification. Without this, there may be problems with the withdrawal of profits. However, I understand very well that I am dealing with a reputable broker who has been working in the Forex market for several years. I wanted to work honestly and was ready to disclose personal information, as the company guarantees the privacy of your data.

2 3 >

Video Review of CMC Markets

Expert Review of CMC Markets

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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

6.6

Overall rating

6.39

/10

Execution of orders

6.81

/10

Investment instruments

6.45

/10

Withdrawal speed

6.75

/10

Customer Support work

6.23

/10

Variety of instruments

6.97

/10

Trading platform

Dynamics of the Popularity of CMC Markets
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Geographic Distribution of CMC Markets Traders

Investment Programs, Available Markets and Products of the Broker

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.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

CMC Markets affiliate program:

  • 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.

  • White Label allows the broker to use the CMC Markets network to promote the broker’s business.

  • API Direct provides access to CFD and FX liquidity and stable prices for over 400 assets.

  • 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.

Rebate and Discount Programs of the Traders Union for CMC Markets

The CMC Markets broker is a partner of the Traders Union. Each client of the Union can reduce trading costs through TU’s rebate service. You need to go through a free registration on the Traders Union website (the process takes up to 15 minutes, including verification). Then you need to open an account with CMC Markets using the affiliate link, and that's it. Now you can receive compensation for the spread on the balance of the Traders Union personal account.

Try it!  You’ll like this!

Trading Conditions for CMC Markets Users

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.

$1

Minimum
deposit

1:500

Leverage

24/5

Support

MetaTrader4 Mobile Apps
Trading platform: MetaTrader4, Web trading platforms, Mobile apps
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: No minimum deposit
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

Comparison of CMC Markets with other Brokers

CMC Markets FxPro XM Group Admiral Markets UK AvaTrade FXTM
Trading
platform
MT4, MobileTrading, Web platform MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MT5, MobileTrading, WebTrader
Min deposit No $100 $5 $200 $100 $1
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
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 points From 1 point From 1 point From 0 points From 0 points From 0 points
Level of margin call
/ stop out
80%  /  50% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10% 40%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Market Execution, Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes Yes

Broker comparison table of trading instruments

CMC Markets FxPro XM Group Admiral Markets UK AvaTrade FXTM
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes No
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF Yes No No Yes No No
Options No No No No No No

CMC Markets Commissions & Fees

Information

The Traders Union analysts have analyzed the trading conditions of CMC Markets for explicit and implicit fees. There are no hidden fees. The company only charges for spreads. Their minimum value is the same for all account types.

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
CMC Markets $7 Medium
FxPro $13.2 High
Admiral Markets UK $5 Low
CMC Markets
$7
FxPro
$13.2
Admiral Markets UK
$5
Conclusion

The CMC Markets broker offers quite attractive conditions on individual instruments. The average value of the spread corresponds to the market average. Also, traders have the opportunity to reduce the volume of trading costs due to the rebate from the Traders Union.

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:

  • 57,000 clients worldwide;

  • over 50 awards;

  • 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:

  • news feeds;

  • more than 100 analytical tools;

  • risk management.

Advantages:

1

modified technical functionality of the proprietary platform;

2

low spreads;

3

company experience in the market for over 30 years;

4

segregated accounts. 

5

Algorithmic trading and scalping are allowed.

How to Start Making Profits — Guide for Traders

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.

Bonuses Paid by the Broker

Bonus for professionals

For large trading volumes, each client can receive a monthly discount.

CMC Markets Bonuses - For Professionals
CMC Markets Bonuses - For Professionals

Bonus from Traders Union

To receive compensation for the spread, register at Traders Union (it takes no more than 15 minutes, including verification) and open an account using the Union’s referral link. After that, a rebate will be credited to your Traders Union personal account regardless of how the trade was completed. You can find out how to link a valid account and a Traders Union account.

Investment Education Online

Information

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.

Information available in the Education Section
Information not available at CMC Markets site
Risk- management
Online lessons
Technical and fundamental analysis
 
Webinars
 
Training
 
Glossary
 

All information is general, therefore it is recommended to practice on a demo account before trading on a real account.

Security (Protection for Investors)

Information

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 . 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

Withdrawal Options and Fees

  • You can withdraw funds via bank transfer or Visa and MasterCard payment cards.

  • 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.

Customer Support Service

Information

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:

  • call to phone numbers indicated on website;

  • email.

Contacts

Registration address CMC Markets UK Plc 133 Houndsditch London EC3A 7BX United Kingdom
Regulation
Contacts

Review of the Personal Cabinet of CMC Markets

How to open your personal account:

1

On the main page of the CMC Markets website in the top panel, click the "Register" button to create a real account.

CMC Markets Review - Registration
CMC Markets Review - Registration
CMC Markets Review - Registration
2

Register by entering your current personal data in the appropriate fields: country of residence.

CMC Markets Review -Personal Data completion
CMC Markets Review -Personal Data completion
3

Enter your email and password. Click on the "Continue" button.

CMC Markets Review - Entering an email and password
CMC Markets Review - Entering an email and password
4

The following functions are available in the CMC Markets personal account:

1. Trade statistics and account management.
2. Account settings.
3. Withdrawal of funds and replenishment of the trading account.
1. Trade statistics and account management.
2. Account settings.
3. 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.

Tags:

CMC Markets cmcmarkets cmcmarkets com cmc markets com cmcmarkets com de cmc markets com de

The Oldest Reviews of the CMC Markets

The reviews by customers of the CMC Markets indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of CMC Markets published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

The support is very good at CMC Markets where there are many channels for communication and 24/5 support. There is a wide variety of assets and you need to create a separate account for each category, so I had many questions. It is good that the technical support team has guys who are keen to help. I figured out everything without any problems. The profit on the balance sheet is growing, although it is not always possible to conclude profitable trades. I withdraw money to a card because the variety of payment methods here is relatively small. There are never problems with withdrawing profits. The company complies with the agreed regulations.

CMC Markets is a reputable broker you can trust. It has been working for over 30 years and that rings a bell. The most important thing that is immediately clear is this is not another scam project that wants to get rich at the expense of its traders. I was interested in how honestly the company fulfills its agreements and is ready to cooperate with novice traders. My first deposit here was about $200. The manager offered high-quality analytics, trading assistance, and bonuses. The platform is convenient for trading. It’s possible to work comfortably here. Withdrawals are ok, too!!!

I am happy to leave a positive review about CMC Markets because this broker deserves five stars. The lack of options other than manual trading does not scare me. I am a trader with experience. And with such a reliable broker like this one, it's not scary to make trades. You need to be as careful as possible not to drain your deposit. However, this is the everyday life of the average trader. It is important for me that the company does not cheat in profit payments. The last time I withdrew funds was on February 12, and I received everything in full.

The functionality of CMC Markets’ proprietary platform suits me just fine. It has everything you need to make trades. I started trading with this broker a couple of years ago. I saw a lot of positive reviews, so I wanted to try it. I started with minimal amounts because, despite the extensive experience of CMC Markets, I wanted to check the honesty of this broker. The first withdrawal pleased me with CMC’s efficiency, so I decided to continue cooperation with this broker and increase my capital investments. I am not disappointed so far, although I try to work carefully with CFDs because it's still a high-risk tool. I did not deplete my deposit to zero and I remain profitable.

Of the many brokers on the web, my choice is CMC Markets because this brokerage has been operating in the financial markets for many years, so you can trust it.
CMC Markets is not a fraudulent broker that throws up empty promises. All conditions of cooperation are fully fulfilled. My income for six months is $23,000. I withdrew the money partially to check the honesty of the company. Everything is ok and my profits were paid immediately.

CMC Markets knows how to pleasantly surprise from the start. I was offered a great bonus for replenishing my deposit. Naturally, I agreed. This opportunity should not be missed if you are confident in the honesty of the company, its reliability, and your own strengths. I managed to earn over $5,000 net this month. I took out some of the money because there are urgent expenses. There are no problems with payment discipline, so I continue to work with this broker. It inspires confidence but you should decide for yourself.

I do not regret that I listened to the recommendation of my friends and chose CMC Markets. I have been working with this broker for the fifth month already. I can say that trading is proceeding with varying success, but I still come out in plus (net income is $3,000). I liked the fact that the broker does not just provide trading comfort, but also takes care of training traders. Webinars are held regularly, so you can gather a lot of useful information and improve your skill level. As for payment discipline, I have no complaints. I withdrew profit three times already. Everything was fine.

Author of this Review

CMC Markets broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the CMC Markets rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about CMC Markets you need to go to the broker's profile.

How to leave a review about CMC Markets on the Traders Union website?

To leave a review about CMC Markets, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about CMC Markets on a non-Traders Union client?

Anyone can leave feedback about CMC Markets on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with CMC Markets through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.