CMC Markets Review

CMC Markets is a large and successful international online trading brokerage with an impeccable reputation in the financial trading industry. They feature a wide range of tradeable products, a next generation trading platform, and more.

CMC Markets review
Overall
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Introduction

CMC Markets is a very well established trading brokerage as they were founded back in 1989 and have grown to become one of the largest and most successful Forex and CFD brokerages in the world. CMC Markets is listed on the London Stock Exchange under ticker CMCX and serves over 60,000 clients from around the world. CMC Markets has won over 50 awards recognizing the quality of their services and dedication to their clients.

CMC Markets is based out of the UK with their headquarters located at CMC Markets UK plc, 133 Houndsditch, London, EC3A 7BX. Though they are based out of the UK, CMC Markets serves the international markets and has head offices around the world in Australia, Austria, France, Germany, Ireland, Italy, New Zealand, Norway, Poland, Singapore, Spain, Sweden, and the United Kingdom.

CMC Markets is obviously a very well-established and trusted online trading brokerage, but are they the right broker for you? Find out in our in-depth CMC Markets Broker Review where we analyze all aspects of this lucrative broker.

Overall Rating

Products & Fees
5
Security
5
Tools
4.5
Desktop Experience
5
Mobile Experience
5
Banking
4
Customer Support
5
Education
5

Pros

  • Sophisticated Trading Platform

    CMC Markets trading platform has won numerous awards and features a wide array of tools and features.

  • Excellent Customer Support

    Support representatives are very helpful and responsive. CMC Markets also offers various support resources.

  • Wide Array of Tradeable Assets

    Traders have access to over 10,000 tradeable instruments across the global markets.

Cons

  • No Bonus Offers

    Traders do not receive any depositing bonuses.

  • No MT4 Trading Platform

    Traders only have access to the proprietary web-based trading platform.

Our goal is to provide you with the ultimate trading experience. We're passionate about online trading, constantly innovating and looking to improve the way our clients invest in financial markets.

Commissions & Fees

CMC Markets imposes very competitive fees and commissions on their traders. For instance, on the EUR/USD currency pair, the minimum and typical spreads are only 0.7 pips and the average spread is just 0.741 pips. For CFD trading, the commission on shares start at just 1cent/share and spreads for other CFD products are very low as well.

Also, CMC markets offers further reduced spreads and commissions to their most active traders that surpass £50 million in trading volume per month. All in all, the commissions and spreads imposed on traders at CMC Markets are very low and competitive with the industry standards.

Commissions & Fees
Stock
ETFs
Forex Spreads
CFDs
Metals
 
CMC Markets
0.08% commission
0.08% commission
From 0.7 pips
0.08% commission
From 0.3 pips
eToro
0.09% spread per side
0.09% spread per side
From 3 pips
From 0.09%
From 2 pips
More eToro fees
HighLow
N/A
N/A
N/A
N/A
N/A
IFC Markets
From 0.1%
Fixed spreads at 4 pips
Spreads from 0.4 pips
Spreads from 34 pips
Fixed spreads at 45 pips
Binomo
N/A
N/A
N/A
N/A
N/A
HYCM
Spreads vary
N/A
Spreads from 0.2 pips
Spreads from 4 pips
Spreads from 30 pips
More HYCM fees

Platform & Tools

cmc markets platform

CMC Markets provides their traders with a highly sophisticated proprietary trading platform called the “Next Generation”. The platform is entirely web-based and accessible from nearly any computer from the web browser. The Next Generation platform has won various awards for its intuitive design and extent of features for technical analysis and trading. The platform features over 115 built-in technical indicators and drawing tools, more than 70 chart patterns, 12 chart types, and features one click trading directly from the charts. The platform also features a news and insights section as well as trading community where traders can interact with one another and discuss strategies and analysis based off of the sophisticated Next Generation charts.

Platform & Tools
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
MT5
Research & Analysis
Social trading
Education
Demo account
 
CMC Markets
eToro
HighLow
IFC Markets
Binomo
HYCM

Mobile App

CMC Markets features not only an award winning desktop trading platform but also an award winning mobile trading application. CMC Markets’ mobile trading app can be downloaded for free from the Apple App Store and the Google Play Store for iOS and Android mobile devices. The app supports full order ticket functionality, real-time charting, over 35 technical indicators and drawing and analysis tools, a live market calendar, and push alerts.

Account Types

CMC Markets keeps things simple by offering traders a demo account for practicing and a real account for trading with real money. The demo account is a full featured trading account, only traders have $100,000 in virtual money to practice trading with. As for the real account, all traders have can open up a real account as there are no minimum deposits. The real account provides traders with everything CMC Markets has to offer with no restrictions.

Real Account

  • No minimum deposit
  • Full access to all tradeable products
  • 24/7 customer support
  • Charting and analysis tools

CMC Markets Account Type

Deposits & Withdrawals

Traders at CMC Markets have access to a wide array of deposit and withdrawal methods that may vary between country to country. However, traders can rest assured that the most popular methods will be supported.

For deposits, all deposits are free of charge and the methods supported are as follows.

  • Online Bill Payment: (within 24 business hours)
  • Electronic Funds Transfer (EFT): (3 business days)
  • Wire Transfer: (24 business hours)
  • Personal Cheque: (5 business days)

As for withdrawals, the most popular withdrawal method is via Electronic Funds Transfer (EFT) which takes 1 – 2 business days and is free of charge. The only other withdrawal method is via wire transfer which takes between 1 – 2 business days but costs $15 per withdrawal.

Deposits & Withdrawals
Minimum deposit
Withdrawal Time
Withdrawal Fee
CMC Markets
$0
1 - 2 business days
Free
eToro
$200
Within 1 business day
$25
HighLow
$10
1 - 3 business days
2% fee on all withdrawals
IFC Markets
$1.00
1 - 5 business days
Fees vary
Binomo
$5.00
Within 3 business days
Free
HYCM
$100
1 - 7 business days
Free

Customer Support

CMC Markets provides their customers with exceptional customer service. Support representatives can be contacted via email, telephone, and live chat. The support reps are very responsive with 98% of calls answered within 20 seconds or less. Additional methods of support include the websites extensive FAQ page and comprehensive education centre.

Security & Fairness

CMC Markets is quite possibly on of the most secure online trading brokerages there is. The brokerage has extensive experience in the financial trading industry and is licensed and regulated by numerous regulatory authorities. For instance, the most notable authorities CMC Markets is regulated by include the UK Financial Conduct Authority (FCA), the Commodities and Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investment Commission (ASIC). These authorities ensure that CMC Markets operates in a fair, transparent, and secure manner.

As well, CMC Markets uses advanced SSL encryption technology to encrypt all transmitted data to further protect sensitive client information and their funds. The brokerage also uses highly secured servers in multiple locations to run their platform and services and runs routine security checks to ensure their software is free of malware and malicious activity. CMC Markets clients are also protected by having their funds stored in secure and segregated tier 1 bank accounts. All in all, CMC Markets is a very secure, fair, and transparent online trading brokerage.