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.
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.
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.
Platform & Tools
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.
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.
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.
- No minimum deposit
- Full access to all tradeable products
- 24/7 customer support
- Charting and analysis tools
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.
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.
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