CMC Markets

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Contents

CMC Markets Review

Review

CMC Markets is a well-established and well-regulated UK online brokerage firm, listed on the London Stock Exchange and member of the FTSE SmallCap Index. Services are offered to retail clients as well as institutional clients such as banks, brokers, hedge funds and trading desks. It offers its own proprietary trading platform as well as the MT4 trading platform which shows that it is deeply committed to allow all its traders to take full advantage of its services. CMC Markets is a provider of Tier 1 liquidity and active in the prime brokerage market.

Retail clients can benefit from an educational package created over the past thirty years by this experienced broker. Asset selection is great and allows for a well-diversified cross-asset portfolio with relatively low trading costs. Regardless if you are a new trader, an established trader or an institutional client, CMC Markets offers the full spectrum of services to accommodate all trading needs. Over the past three decades this brokerage has expanded into a world-class operation which continues to grab market share. This CMC Markets review will focus on the services offered to retail traders or “Personal” traders, as they are referred to on the CMC Markets website with an evaluation of its CFD account which is where most traders will manager their portfolios from.

Regulation and Security

CMC Markets PLC is registered in England and Wales under company number 05145017. It is the owner and operator of CMC Markets UK PLC and CMC Spreadbet PLC which are both authorized and regulated by the Financial Conduct Authority (FCA) in the UK under license number 173730 and 170627 respectively. The FCA is a world class regulator and CMC Markets is in full compliance of regulation.

Client funds remain fully segregated from company funds in account held at Natwest, Barclays and Lloyds in the UK, Ulster Bank in Ireland, Deutsche Bank in Germany and Barclays in France. Being authorized and regulated by the FCA in the UK, client funds are further protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 which offers complete coverage for most, if not all, retail traders. Retail traders who exceed this amount should consider putting some of their funds with other brokers.

CMC Markets earns their revenue either from spreads, commissions or a combination of both, depending on the asset traded. Spreads on Forex CFD’s start as low as 0.7 pips which represents a competitive spread. Commissions are charged for equity trading and starts from 0.10%. Other trading costs which should be considered is a premium for guaranteed stop-loss orders (GSLOs) which will be refunded if the order won’t be triggered, as well as overnight holding costs, swap rates and a market data fee. An account inactivity fee of £10 per month also applies which is not only unfortunate, but also unnecessary.

CMC Markets is very transparent about all costs involved, and all are listed clearly on the company’s website. As always, traders can access all the costs from inside the trading platform as each deal ticket comes equipped with all the applicable costs.

What Can I Trade?

CMC Markets offers of 10,000 assets across six classes which include Forex, indices, cryptocurrencies, commodities, shares & ETFs and treasuries. Most traders, retail as well as professional, will find the asset selection very comprehensive and this broker continues to expand its list. All assets can be found listed on their website, but traders will find it a lot easier to navigate the proprietary trading platform in order to find the asset they wish to trade.

A full list of each available asset type is available in several organized, comprehensive lists on the company’s website.

Account Types

CMC Markets offers four different account types depending on what type of trader a client is and there are no minimum deposits which is great as traders can always opt to deposit as much as they are willing to and not chase account upgrades through higher deposits. All traders are treated equally within each account type which is another great feature in-line with the great trading environment provided by CMC Markets. The four different account types are Spread Betting, CFD Trading, CMC Pro and CMC Corporate.

Spread Betting

This will be a popular choice for UK based traders as it allows for tax-free trading. International traders cannot qualify for a spread betting account, but can look at the CFD Trading Account. Professional clients may also be eligible for cash rebates based on trading volume as CMC Markets paid out £14.1 million in cash rebates to clients during their 2020/2020 financial year. Professional clients wave certain protection granted and in return get more favorable trading conditions; traders need to apply to change their status from retail trader.

CFD Trading

This is the bread-and-and butter business of CMC Markets and most clients will deposit their funds, manage their portfolios and expand their investments from this type of account. CMC Markets offers excellent trading conditions that make it a suitable option for traders at all levels.

CMC Pro

This is where retail traders can apply to get an upgrade to professional client status which grants the same access to assets through the same trading platform, but with better trading conditions which includes higher leverage. Segregation of funds as well as the FSCS protection of up to £85,000 applies, but in order to qualify as a professional clients, assets need to exceed £500,000 and at least one year working experience in the financial industry is required.

CMC Corporate

This is where CMC Markets caters to its institutional clients with a range of services which include grey and white label solutions, API Direct, FX Prime and Prime Derivatives. The 30 years of experience are clearly showing and despite having heavily invested into their proprietary software, they did not neglect support for MT4/MT5 solutions. The attention to detail, deep understanding of market infrastructure and broad inclusion of all types of providers is just the latest proof that this broker truly deserves the countless awards and accolades it has collected.

Trading Platforms

CMC Markets has created its own proprietary trading platform which is packed with unique features, is fully customizable so that you can create the trading terminal which suits you best, allows for fully automated trading solutions, and the overall product is a very competitive and superior trading platform than most traders may be offered, especially in the retail sector. It is available as a web version and comes as a mobile version as well.

Those who are used to the MT4 trading platform and environment or have their own EA’s and other custom trading solutions don’t need to worry as CMC Markets also offers the MT4 trading platform in order to accommodate the millions of dollars’ worth of enhancements which have been developed for the MT4 trading platform, which remains the most popular trading platform for Forex traders. The fact that CMC Markets opted to offer this as a choice and not ignore the largest segment of the financial world ads to the world-class service this broker offers.

Traders who have no custom solution running on MT4 are advised to make the switch to CMC Markets’ own trading platform which offers an overall better trading experience as an unmodified MT4 trading platform; those who have customized their MT4 trading platform may opt to remain loyal to what has worked for them, simply connect to the CMC server and get access to the same great trading conditions for Forex, commodities and indices; CFDs on shares are not available.

Unique Features

The proprietary trading platform developed by CMC Markets is the most unique feature this broker offers, but within its platform is another gem in the form of its charting package which was ranked highest in a 2020 Investment Trends survey. This package comes loaded with over 115 technical indicators, over 70 chart patterns and 12 different chart types and creates a powerful technical analysis tool for traders. Another great feature inside the trading platform is CMC Markets Price Projection Tool which can automatically scan for chart formations as well as candlestick patterns and calculate the projected price.

Traders who prefer a social trading environment can take advantage of the Chart Forum which connects them to like-minded traders and allows traders access to CMC Market analysts with easy to share and copy analysis across the trading platform. Rounding up a great trading platform experience are live news provided by Reuters and quantitative equity research reports by Morningstar. The CMC Markets trading platform is the gateway to a very well organized and developed infrastructure which allows traders access to everything they need in order to trade successfully.

Research and Education

When it comes to research and education, CMC Markets deployed the same attention to detail as it did with its excellent trading platform. A dedicated team of analysts offers coverage across asset-classes, the results are well presented and well organized to that traders can quickly located what they are looking for. The research and analysis is further broken down into market commentary, chart analysis, weekly outlook, technical analysis and fundamental analysis. It can be filtered by asset class as well as region.

The education section is filled with webinars and events hosted by CMC Markets experts and there is an abundance on educational articles which clearly shows the effort placed on education by this broker. The eight main categories of the educational section are as follows: Learn spread betting, Learn to Trade CFDs, Learn Forex trading, Technical indicators, Fundamental analysis, Webinars & events, Platform guides and Trading guides. A comprehensive glossary rounds up the very well thought through educational package of CMC Markets.

Research

Excellent market coverage which makes for a good read, is well organized and adds value to overall service offered by CMC Markets.

Education

New traders will find the educational material very beneficial as it will allow them create a strong foundation from where they can grow. A great effort went into the published educational material and the webinars as well as in-person seminars polish the overall section.

Customer Support

Customer support is available 24/5 and can be accessed through the FAQ section, live chat, via phone and through e-mail. CMC Markets states that 98% of calls are answered in less than 20 seconds, though we did not test this feature during our CMC Markets review. That being said, CMC Markets was voted the “Best Phone & Email Customer Service” in 2020 by Investment Trends UK Leverage Trading Report.

Bonuses and Promotions

While there were no special promotions or deposit bonuses at the time of this CMC Markets review, professional traders can qualify for cash rebates based on trading volume which is a great incentive.

This is standard operating procedure for prime brokerages which don’t seek to attract clients through monetary incentives, but through services offered which create a superior trading environment as well as experience; CMC Markets has delivered in this regard.

Opening an Account

Opening an account with CMC Markets is quick and easy with an online application which is the norm in today’s global financial sector. This will give traders quick access to the back-office of their live trading account, but additional documentation is required in order to satisfy AML/KYC requirements as mandated by regulators. These documents may be difficult to submit, but they guarantee the safety of every depositing trader.

Deposits and Withdrawals

When it comes to deposits and withdrawals, the only options offered by CMC Markets are credit/debit cards and bank wires. This remains the only weak point in the operational structure of CMC Markets and while it is not an impediment to most traders, it would be nice to have other options available. As with all regulated brokers, the withdrawal method needs to be the same as the funding method and accounts in the same name. Since options are limited to the bread-and-butter, old school methods, there is not a great deal of information provided. CMC Markets doesn’t charge for deposits or withdrawals, but third-party bank charges apply.

General Information

Company Information

  • Broker’s Name : CMC Markets
  • Headquarter : United Kingdom
  • Regulation : FCA

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Maximum Leverage : 1:500
  • Commissions / Spreads : Commissions and spreads (Varies in regions)
  • Account 1 : Spread Betting
  • Account 2 : CFD Trading
  • Account 3 : CMC Pro
  • Account 4 : Corporate
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Proprietary platform, Web-based
    • English
    • Spanish
    • Italian
    • French
    • German
    • Chinese
    • Swedish
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Chinese
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • Award Winning Platform
    • Tight Spreads
    • Demo Account Available
    • No Bonuses

    Where is CMC Markets based?

    CMC Markets is headquartered in London, UK.

    How does CMC Markets make money?

    CMC Markets earns money through spreads and commissions charged on over 10,000 assets. It also charges an additional 0.0027% on swap rates for overnight Forex trades.

    How can I deposit into an CMC Markets account?

    CMC Markets offers bank transfers, credit and debit card payments.

    What is the minimum lot size at CMC Markets?

    The minimum trading size depends on the asset traded and a complete list can be viewed directly on the broker’s website.

    When does a margin call take place at CMC Markets?

    CMC Markets does issue margin calls, but detailed information was not available on the website. Traders should contact support, but a drop below a 100% equity ratio is likely to trigger a call.

    Is CMC Markets regulated?

    CMC Markets PLC is registered in England and Wales under company number 05145017. It is the owner and operator of CMC Markets UK PLC and CMC Spreadbet PLC which are both authorized and regulated by the Financial Conduct Authority (FCA) in the UK under license number 173730 and 170627 respectively.

    What is the maximum leverage offered by CMC Markets?

    The maximum leverage is dependent on the trader classification, retail or professional, as well as the trades asset. More details need to be obtained from support.

    How do I open an account with CMC Markets?

    CMC Markets has an online application form which is standard operating procedure.

    Does CMC Markets offer the MetaTrader Trading Platform?

    Yes, CMC Markets offers the MT4 trading platform on top of its own proprietary trading platform.

    Summary

    CMC Markets is a UK-based prime brokerage which offers an exceptional service to all type of clients and covers the entire spectrum of financial markets. Its proprietary trading platform offers a fantastic gateway and market access and the platform offers many bonuses that go above the standard broker offering. These include, but are not limited to, a charting package, price prediction tools with automated chart recognition features, and more. Regulation, security and transparency is what CMC Markets is built on and this LSE listed broker delivers on all its promises. No false hype or marketing, but an honest approach which led to the creation of a superior brokerage.

    New traders can benefit from an extensive educational program which allows them to grow as traders first before they attempt to grow their accounts. A research team offers market coverage and analysis across asset classes and regions and traders have access to over 10,000 different assets. Spreads are tight, commissions acceptable and execution is flawless; this combination creates a trading environment every trader should consider.

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    Established traders who are used to the MT4 trading platform and have their own range of custom created tools, indicators and automated trading solutions don’t need to worry as CMC Markets offers the MT4 trading platform alongside its own, next generation trading platform. Corporate clients who depend on the MT4 infrastructure will get a bridge in order to connect their solutions to CMC Markets and benefit from the full range of services.

    CMC Markets is a prime brokerage and rightfully so. The personalized products and services cater to clients from all segments of finance, attention to detail exits throughout CMC Markets and all awards as well as accolades collected over the past three decades are well deserved. CMC Markets is a first-class broker which should be part of any well diversified approach to asset management, across asset-classes and geographical regions.

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    CMC Markets Review

    Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.

    Top Takeaways for 2020

    After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on CMC Markets:

    • Founded in 1989, CMC Markets is publicly-traded, and regulated in four tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
    • CMC Markets is a leader for low-cost trading and Professional Trading, which includes the largest selection of currency pairs in the industry. Our testing also found Customer Service to be excellent.
    • The CMC Markets Next Generation platform delivers terrific tools, comprehensive market research, an excellent mobile app, and a massive selection of nearly 10,000 tradeable instruments. And, while limited to just 54 available symbols, MetaTrader is also offered for MT4 preferred traders.

    Overall Summary

    Feature CMC Markets
    Overall 5 Stars
    Trust Score 99
    Offering of Investments 5 Stars
    Commissions & Fees 5 Stars
    Platform & Tools 5 Stars
    Research 5 Stars
    Mobile Trading 4.5 Stars
    Customer Service 4 Stars
    Education 4 Stars

    Is CMC Markets Safe?

    CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. CMC Markets is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA). Learn more about Trust Score.

    Regulations Comparison

    Feature CMC Markets
    Year Founded 1989
    Publicly Traded (Listed) Yes
    Bank No
    Tier-1 Licenses 4
    Tier-2 Licenses 2
    Tier-3 Licenses 0
    Trust Score 99

    Offering of Investments

    The following table summarizes the different investment products available to CMC Markets clients.

    Offering Comparison

    Feature CMC Markets
    Forex: Spot Trading Yes
    Currency Pairs (Total Forex pairs) 180
    CFDs – Total Offered 9848
    Social Trading / Copy-Trading Yes
    Cryptocurrency traded as actual No
    Cryptocurrency traded as CFD Yes

    Commissions & Fees

    If trading costs matter to you, CMC Markets has you covered. In 2020, CMC Markets finished Best in Class in this category, thanks to its low spread offering, which is available to all its customer segments and account types.

    Average spreads: CMC Markets offers highly competitive pricing, with average spreads on the EUR/USD as low as 0.7 pips and typical spreads of 0.81 pips, according to CMC Markets price data for the month of October 2020.

    Rebates: CMC Markets offers liquidity rebates to active traders that surpass at least $25 million in notional trading volumes per month. Liquidity rebate levels range from $5 to as much as $10 per million for those that trade even higher amounts.

    VIP accounts: CMC Markets Alpha offering is a VIP account launched through its Australia entity for high-net-worth clients who have $3K in commission spend or have more than $2.5m in holdings.

    Guaranteed Stop-Loss Order (GSLO): CMC Markets offers GSLOs, which, as its name implies, guarantees the stop-loss order rate clients choose when setting risk thresholds on their positions. There is a premium for using the GSLO – for example, $8 per 100,000 units using the EUR/USD, and the GSLO also affects the prime margin, which is the amount at risk specified in the GLSO based on the rate chosen. Most brokers charge for GSLOs, although if not triggered, CMC Markets refunds this cost automatically.

    Fees Comparison

    Feature CMC Markets
    Minimum Initial Deposit $0.00
    Average Spread EUR/USD – Standard 0.81 (as of Oct 19)
    All-in Cost EUR/USD – Active 0.81 (as of Oct 19)
    Active Trader or VIP Discounts Yes

    Platforms & Tools

    CMC Markets Next Generation trading platform is fast, reliable, and comes packed with several unique tools and numerous features to support traders of all skill levels. No question, it is a market leader and will impress even the pickiest of traders. That’s why in 2020 Next Generation won our award as the best Web Based Platform. And, for traders who prefer MetaTrader 4 (MT4), it too is also available as an alternative platform.

    Charting: When it comes to charts, the experience is quite convincing as there are plenty of tools and a long list of 79 technical indicators and studies, and 74 chart patterns that are attachable to each chart. Another feature that stands out from the charting experience is the pattern-recognition tool, which offers traders numerous options for trading and analyzing price action. Patterns auto-adjust when the chart time-scale is changed, enabling traders to scan from a one-minute chart to a monthly chart and see any respective patterns identified.

    Automated trading: The current version of the Next Generation platform doesn’t feature the ability to run automated trading strategies – even though pattern recognition and social-trading tools are available. Trader’s looking for automated trading can choose the broker’s MT4 platform offering.

    Research

    CMC Markets’ research offering is rich with in-house content, including its Insights News, CMC Markets Blog, CMC TV, and even publishes a print magazine called Opto, as well as third-party content from Reuters and Morningstar. Traders can also access additional tools within the platform, including pattern recognition software and client sentiment tools – both of which are available to live account holders.

    Mobile Trading

    The CMC Markets’ mobile app is cleanly designed and comes packed with multiple research tools, powerful charts, pre-defined watch lists for scanning, and much more.

    Seamless platform experience: The overall look and feel of the CMC Markets mobile app closely resemble the web-based version of the Next Generation platform. No question, ample time was invested in the app’s development, especially given the challenge of organizing so much information with limited screen space.

    Charting: Like much of the rest of the app, charting was just as impressive as the platform’s web version. Although only 29 of the 81 technical indicators are available on the mobile app, it’s still a strong offering compared to many of CMC Markets’ competitors, which often lack technical indicators altogether. While the charting experience was impressive, one minor drawback is that zooming in and out across different time frames was not always fluid.

    Market research: For research purposes, another useful feature in the app is the economic calendar where you can subscribe to an event. Once subscribed to an event, an alert will notify you when the news release time approaches. There is also CMC TV, CMC Insights, the broker’s blog, Reuters News, educational content for trading strategies, the Trading Smart series, and webinar schedules.

    Other tools: The pre-defined watch lists in the CMC Markets mobile app are great for identifying trade opportunities. Watch lists include popular products, price movers, and currently trending categories.

    Customer Service

    To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

    Results

    • Average Connection Time: th (22 brokers)

    Final Thoughts

    CMC Markets is a great choice for forex and CFD traders. The company’s Next Generation platform is powerful and versatile, with plenty of configuration options and tools for traders to customize the platform to meet their needs. CMC Markets finished Best in Class across eleven categories in 2020, continuing its streak near the top of the Industry in all key areas including as one of the most trusted brokers.

    With nearly 10,000 instruments to choose from across nearly every asset class and global market, CMC Markets is a great choice for traders looking for a multi-asset solution and broad range CFDs and forex pairs at competitive prices. The broker’s expansion into stockbroking in Australia, coupled with its frequent trader program and Alpha service for VIP clients, helps CMC Markets further distinguish itself as a brilliant multi-asset broker.

    About CMC Markets

    Founded in 1989, CMC Markets (LSE: CMCX) has grown to become one of the leading retail forex, and CFD brokerages globally. The broker offers an extensive range of nearly 10,000 CFD instruments across major asset classes, including forex, commodities, and securities markets.

    CMC Markets serves over 50,000 clients worldwide through its 15 offices globally, with a staff count of 687 people across its entities regulated in the UK, Canada, and Australia. CMC Markets holds over £200 million in Tier 1 regulatory capital and £332.4 million in client segregated funds as per its latest annual report. The company has a market capitalization of over £290 million as of September 2020. Read more on Wikipedia about CMC Markets.

    CMC Markets Trading Features

    Feature CMC Markets
    Virtual Trading (Demo) Yes
    Proprietary Platform Yes
    Desktop Platform (Windows) Yes
    Web Platform Yes
    Social Trading / Copy-Trading Yes
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) No
    cTrader No
    Charting – Indicators / Studies (Total) 79
    Charting – Drawing Tools (Total) 24
    Charting – Trade From Chart Yes
    Watchlists – Total Fields 8
    Order Type – Trailing Stop Yes

    CMC Markets Research Features

    Feature CMC Markets
    Daily Market Commentary Yes
    Forex News (Top-Tier Sources) Yes
    Weekly Webinars Yes
    AutoChartist No
    Trading Central (Recognia) Yes
    Delkos Research No
    Social Sentiment – Currency Pairs Yes
    Economic Calendar Yes

    CMC Markets Mobile App Features

    Feature CMC Markets
    Android App Yes
    Apple iOS App Yes
    Trading – Forex Yes
    Trading – CFDs Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing Yes
    Charting – Indicators / Studies 23
    Charting – Draw Trend Lines Yes
    Charting – Trend Lines Moveable Yes
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave Yes
    Forex Calendar Yes

    2020 Review Methodology

    For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

    While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

    All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

    Forex Risk Disclaimer

    “There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

    CMC Markets Review

    CMC Markets general information

    United Kingdom

    Founded in: 1989 year
    Headquarters:
    Offices in the country:
    Minimum Deposit: 0 $
    Website: www.cmcmarkets.com
    Website languages:
    Execution model: NDD, STP
    Deposit currency:
    Support languages:
    Regulated by:
    Mobile trading: iOS, Android
    Types of offered accounts:
    Affiliate program: Yes
    • OCO orders
    • Web-based platform
    • Guaranteed stop loss

    CMC Markets Forex broker description

    CMC is a United Kingdom-based forex trade that is well known worldwide as among the leader when it comes to forex trading. Founded in 1989, it has put the years of experience in operation as its major asset and has been able to attract droves of clients who really appreciate its products.

    Trading Accounts

    For one to be able to trade using CMC, you will need to sign up for an account. You will sign up with your personal details and gain control of the account that you can execute trades with. CMC has a host of accounts under its name that will allow clients to trade. The account is distinctively designed so as to meet the preference and needs of its various clients. Among the trading accounts that a client will choose from CMC include the demo and the live account.

    The Demo Account

    The demo account is a special account type that is meant for clients with little or no experience on trading. Most of this clients are also unwilling to stake their funds in the other account types mostly because they are speculative of the risks involved and want to get the concepts right. The demo account will teach a newbie to the forex trading concept on how to trade in execution and other aspects such as leverage and spreads. The client will be provided with virtual cash that he or she can execute trades with, with no risk of losses at all.

    The Live Account

    The live account is the other account type that CMC offers to its clients. It can be viewed as the standard account type on this platform and is suitable for both newbies and experienced professional traders. The account comes in two aspects that are for retail clients and professional clients. For professional clients, the account is equipped with features that allow for large-scale trading volumes a characteristic of professional traders. Among the features of this account type include:

    1. Offers a vast range of trading instruments from indices, commodities, shares, and stocks.
    2. Leverages start from 30:1 for European clients to 500:1 for clients in New Zealand
    3. Spreads start from 0.7 pips on the forex instrument
    4. The commission is charged according to your geographical location.

    The Company Security. Security Of Funds

    CMC as earlier indicated is located in the United Kingdom and headquartered in London. Its strategic location in one of the notable financial centers worldwide has put it in an envious advantageous position in understanding the forex business and also an exposure to a variety of clients. With this arsenal, it has been able to take full advantage of this conditions and pushed itself to become a force to reckon with in this business. This is evident in its expansion to many territories worldwide with a presence in countries such as Australia, Singapore, New Zealand, China, and Japan among many other countries.

    On CMC’s customer relations, CMC customer reviews and clients paint a perfect picture of a dedicated workforce that is always on the alert to help customers on their various arising issues 24 hours a day. The staff will also occasionally offer advisory services to the clients in a bid to enhance their trading services. The outcome is a very smooth working relationship between the firm and its client that fosters loyalty.

    On matters of its credibility and legitimacy, CMC has all its licenses on point and up to date from the concerned regulatory bodies in all the territories that it carries out its operations. This include licenses from:

    1. The financial conduct authority (FCA) from the United Kingdom.
    2. The financial markets authority (FMA) from New Zealand.
    3. The monetary authority of Singapore (MAS).
    4. The Australian securities and investment commission (ASIC).

    In a bid to keep up with the set regulatory standard, CMC ensures client funds entrusted to it are kept secure. Among the measures employed to ensure this security of funds includes:

    1. Retail clients’ funds are kept in the segregated account to prevent mix-ups.
    2. Clients’ funds are kept in a range of credible major banks.

    Trading Conditions

    Minimum Initial Deposit

    There is no set minimum initial deposit, however, for new accounts, it is strongly recommended that one to have a balance of 1000 pounds for one to be able to trade efficiently.

    Spreads

    Spreads start at 0.7 pips for the major trading instruments.

    Commissions

    No commissions are charges except on specified situations.

    Trading Platforms

    Being such a huge force in the forex trading business, it was important that CMC has one of the best trading platforms for the proper execution of trades. And true to this, it has one of the most top-notch trading platforms that are the CMC web and mobile platforms.

    The CMC Web Platform

    The web platform is a nice advanced platform that lets clients trade over the web. The web platform is so lucrative and has awards to its name. Among its features include:

    1. Has advanced technical indicators and drawing tools.
    2. Has the client sentiment tool that will enable you to see the number of clients trading and their position value.
    3. Offers news and insights.
    4. News about the forex sector are provided in real time from Reuters.

    The CMC Mobile Platform

    The mobile platform is a downloadable application that will enable you to execute trades on your mobile phone device. It is compatible with both ios and Android operating systems.

    Its features include:

    1. Advanced charting and analytic tools.
    2. Customizable features.
    3. The application is free on download on the respective download sites.
    4. Built-in help and support.
    5. Advanced order options to aid in trading.

    Promotions

    The following are the promotions currently being run by CMC.

    1. Spread betting rebates that will let one earn monthly cash spread betting rebates on spread betting with selected instruments.

    Withdrawals And Deposits

    One can fund their accounts using credit or debit card s or by transferring funds from their bank accounts. Charges will be deducted from the amount paid and will be credited to one’s respective trading account. Withdrawals are initiated by clicking on the ‘payments’ icon and selecting the ‘withdrawals’ tab. Funds will be sent to your bank account registered in your name.

    Briefly about the Forex Broker

    CMC is a very credible trader that is dedicated to giving their clients the best when it comes to trading conditions. This is a highly recommended trader suitable for both professional and new traders who want to capitalize in the forex trade.

    CMC Markets отзывы

    В он-лайне с: 1989
    Страна: Великобритания
    Регулируется: FSC
    Способы расчетов: банковский перевод, платежные системы WebMoney и др.
    Минимальный размер счета: $100
    Минимальный размер сделки: 0,1 лота
    Кредитное плечо: 1:100
    Спрэды: от 0,3 пункта

    О компании:

    Опытный брокер CMC Markets работает на валютном рынке с 1989 года. Компания предоставляет широкий выбор торговых продуктов для трейдеров по всему миру. Головной офис CMC Markets находится в Лондоне. Филиалы компании есть в Австрии, Австралии, Новой Зеландии, Канаде, Сингапуре, Испании, ФРГ, Франции и не только.

    С помощью торговых платформ CFD Platform и Spread Betting Platform клиенты компании имеют возможность торговать валютными парами, акциями, индексами и сырьевыми товарами с одного счета. Новички и трейдеры, желающие проверить новую стратегию, могут открыть бесплатный демонстрационный счет.

    Компания осуществляет техническую поддержку на разных языках. Каждый клиент может обратиться за помощью к сотрудникам брокера в любое время суток 5 дней в неделю по телефону, электронной почте или в чате.

    CMC Markets проводит бесплатные вебинары, предоставляет электронные учебные материалы.

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