CMC Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of CMC Markets trading signals. You will learn what kinds of trading signals CMC Markets offers and what the conditions for using them are.
Short introduction of CMC Markets
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.
| 💰 Account currency: | GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | From 0.7 pips |
| 🔧 Instruments: | Forex, Cryptocurrencies, Indices, Stocks, Commodities, Shares & ETFs, Treasuries |
| 💹 Margin Call / Stop Out: | 80/50% |
CMC Markets Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
CMC Markets Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CMC Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.