CMC Markets Review

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Regulated by

Platforms

Founded

Business Model

Headquarters

Min. Deposit

Leverage

Typical Spread

FCA

1989

Currency pairs, Metals, CFD’s, Energies, Options

MT4, Mobile Trading App

1:100

0.74 pips

We Like:

A reliable broker always withdraws funds without any problems and does not block client accounts.
There is an opportunity to receive exclusive materials from the broker’s analysts, and they are provided completely free of charge.

We Don’t Like:

Just two methods are available for feedback: international phone and email.
Quite a few training materials will become a clear obstacle for novice traders who will have to engage in self-education at the expense of other sources of information.

The Verdict:

CMC Markets is a broker with a wide range of trading instruments and high-end trading platforms with easy-to-use features, most of which are unavailable on other brokers’ or competitors’ trading platforms. CMC Markets is intensely regulated across multiple established platforms speaks more about its authenticity.

Company details

The Currency Management Corporation (CMC) is a United Kingdom-based financial derivatives dealer. The CMC organization provides online trading such as Contracts for Difference (CFDs), spread rates, and FX globally.

In 1989, Peter Cruddas founded the Currency Management Corporation (CMC) as the foreign exchange market. It is listed on the London Stock Exchange. The broker was licensed in the United Kingdom by the Financial Services Authority (FSA) in 1992.

The company opened a live FX trading platform in 1996 and made its first trade in the foreign exchange market over the internet. Later, in September 2005, the name was changed to CMC Markets.

The broker was one of the financial companies providing online trading. The company has had a good track record since 1989. The MarketMaker software platform was used to pioneer CMC Market e-commerce technology.

Regulations

The broker has been working on the market for almost 30 years. Today its offices operate not only in the UK but also in other countries:

Germany
France
Canada
New Zealand
Australia
Singapore
Spain
Austria

Several leading regulators control the activity:

ASIC
OSC
NFA
BAFIN

These financial institutions check the broker’s work and accept claims from traders. Regulatory decisions are binding on all parties. Therefore, traders can ensure that any of their requests will not go unanswered.

Trading platforms

To conduct trading operations and analyze the current market situation, the broker offers its clients to use of the classic MT4 terminal, which is available in three versions:

The program on a computer or laptop.
Web-version, which does not require installation of the program, available through a browser window.
Mobile apps for Android and Apple devices.

MT4

CMC Markets also offers MT4 a substitute for its leading trading platform. The broker submits the MT4 platform as most traders prefer its proprietary platform.

MT4 features include:

Instant trade executions
Tight spreads
Automated trading
Live chat
One-click through trading
Customer support
Over 10,000 instruments
Interactive features

Next-generation platform

This platform serves the broker’s clients on all its accounts. It’s available on the web, desktop, and mobile phones giving clients the ability to trade from anywhere.

Its features include:

Market watch indicators provide clients with new and market insights
Fast order execution and easy to use
Advanced features including boundary orders, SL, TP orders, etc.
Live chat and feedback
Over 10,000 instruments
115 technical indicators
Drawing tools
70 chart patterns
12 chart types

Range of markets

The broker claims to provide clients access to diverse liquidity markets in the financial arena. It asserts to offer more than 10,000 instruments with competitive spreads and margins.

Forex

At CMC Markets, the FX market trades 24/5 on the broker’s platforms. It offers clients over 350 currency pairs made up of both significant pairs and exotics. These assets trade with spreads starting from 0.7 pips, instant executions at 0.0045 seconds, and with no dealer intervention — clients have a 99.7% fill rate.

Indices

Over 80 indices trade on the broker based on the FTSE 100 and other regional indices. The indices basket holds both popular indices like the UK 100, US 30, among others, at a 24/5 trading schedule. The broker offers accurate bid/ask prices on these assets with no dealer intervention.

Cryptocurrencies

The broker sites offer about 14 crypto assets for market participants. The assets trade with instant execution and a 99.9% fill rate. Clients experience limited partial and zero manual dealer interventions. The min. spreads start from as low as 1.9 points and change relative to the asset.

Commodities

The broker offers an array of commodities to traders. Clients trade over 100 commodity assets, including popular instruments such as Brent and West Texas oil and lesser-traded products. Some of these assets trade at a min. spread of 0.3 points and a margin rate of 5%. Some commodities include natural gas, gold, silver, and others.

CMC Markets claims to offer over 9000 instruments on shares. The asset class holds about 250 biggest UK shares and the most popular US shares. They trade with instant execution and automation and 24/5 customer support. The spreads start from as low as 0.1 points but fluctuate depending on the instrument.

Treasuries

The broker also diversifies its markets into treasuries such as bonds and global rates. Clients trade over 50 treasuries with full automation, fast executions, and without any dealer intervention. The broker also offers access to 24/5 expert customer support to clients trading these instruments and others, such as the US T-Bond trade up to 23 hours a day.

Main features

Trading tools

Expert advisors on news and insights
Trading calculator
Charting tools
Advanced order options like 1-click trading, price ladders, among others

Analytical tools

Market watch information tools
Economic calendar
Technical analysis tools
Indicators
Signals

Broker bonuses

From time to time, the broker offers welcome bonuses in the form of crediting a small amount (up to $ 250) when opening an actual deposit. These funds can not be withdrawn immediately, but only if a certain number of bets have been made to achieve the level of profitability.

Therefore, it is better for traders to correctly assess their strengths in advance to cope with such a task. This is especially true for beginners, who often take bonuses with pleasure, but subsequently cannot “work out” them.

Types of trading accounts

The broker provides both a demo account and a live account. The demo accounts act as a learning tool, especially for beginners, while the live account serves both intermediate and professional traders. However, the broker also allows newbies to create a live account directly as it offers social trading.

The live accounts include:

A spread betting account
CFDs trading account
Corporate account

Spread Betting account

The minimum deposit is 0
Access to a demo account
No trading commissions
Negative balance protection — yes
Only two base currencies — GBP, EUR
Market data fees — no
Inactivity fees — yes (after one year)
Fast execution
Access to over 10,000 instruments
Free deposits and free withdrawals
24/5 expert support
Access to free education, online trading courses, and content
Access to real-time market trends and advanced trading tools
Low spreads starting from 0.7 pips
Leverages of up to 30:1 for forex

CFD account

The minimum deposit is 0
Access to a demo account
A $10 trading commission on shares only
Negative balance protection — yes
Ten base currencies
Market data fees — yes
Inactivity fees — yes (after one year)
Trade with points low points starting from as low as 0.3 points
Leverages of up to 20:1 for stock index CFDs and 5:1 for stock CFDs
Instant execution
Access to over 10,000 markets
Free deposits and withdrawals
24/5 expert customer support
Access to real-time market trends
Access to free education, online trading courses, and content

Opening an account at CMC Markets

To register, the user enters the main page, clicks on the “Create account” button in the upper right corner, selects the type of account (real or demo), and fills in the following fields:

Country of residence
Account currency
Account type (individual, corporate, or general)

Next, indicate the surname, name, email, and phone number. After that, you can transfer funds and start trading. To withdraw money, you must go through the standard verification procedure.

To do this, the user provides a scan or photo of his passport (main page and page with the address) and a payment document (receipt for payment of utilities) for the last three months.

Commissions and spreads

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

Account type	Spread/commission	Withdrawal commission
Spread betting account	from 7$	No

Customer service

Phone, live chat, email support 24/5
Professional staff
Webinars, videos, analysis, tutorials for free
A huge educational center for beginners and advanced traders