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CMC Markets Review
CMC Markets general information
Founded in: | 1989 year |
Headquarters: | United Kingdom |
Offices in the country: |
Australia, Austria, Germany, Ireland, Spain, Italy, Canada, New Zealand, Norway, Poland, Singapore, France, Sweden |
Minimum Deposit: | 0 $ |
Website: | www.cmcmarkets.com |
Website languages: |
English, Spanish, Italian, Chinese, Deutsch, Norwegian, Polish, French, Swede |
Execution model: | NDD, STP |
Deposit currency: |
USD, EUR, GBP, AUD, NZD, SEK, HKD, SGD, PLN |
Support languages: |
English, Spanish, Italian, Chinese, Deutsch, Norwegian, Polish, French, Swede |
Regulated by: |
ASIC (Australia) license № 238054 FCA (United Kingdom) license №173730) |
Mobile trading: | iOS, Android |
Types of offered accounts: |
Demo accounts (with a time limit), Standard Accounts |
Affiliate program: | Yes |
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:
- Offers a vast range of trading instruments from indices, commodities, shares, and stocks.
- Leverages start from 30:1 for European clients to 500:1 for clients in New Zealand
- Spreads start from 0.7 pips on the forex instrument
- 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:
- The financial conduct authority (FCA) from the United Kingdom.
- The financial markets authority (FMA) from New Zealand.
- The monetary authority of Singapore (MAS).
- 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:
- Retail clients' funds are kept in the segregated account to prevent mix-ups.
- 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:
- Has advanced technical indicators and drawing tools.
- Has the client sentiment tool that will enable you to see the number of clients trading and their position value.
- Offers news and insights.
- 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:
- Advanced charting and analytic tools.
- Customizable features.
- The application is free on download on the respective download sites.
- Built-in help and support.
- Advanced order options to aid in trading.
Promotions
The following are the promotions currently being run by CMC.
- 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.
Trading accounts of CMC Markets
- CFD account
- Corporate account
Trading platforms: | CMC Next Generation |
Minimum Deposit : | 0 $ |
Deposit currency : |
USD - US Dollar EUR - Euro GBP - British Pound AUD - Australian Dollar NZD - New Zealand Dollar SEK - Swedish Krona HKD - Hong Kong Dollar SGD - Singapore Dollar PLN - Polish Zloty |
Trading instruments:
| Forex1:500
Number of currency pairs: 389
CFD's1:500 Amount of assets : 1042
Metals1:500
Energy sources1:500
Binary Options Spread betting |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Commission:
| Yes (shares only) - From $10 |
Phone trading:
| Yes |
Trading platforms: | CMC Next Generation |
Minimum Deposit : | 0 $ |
Deposit currency : |
USD - US Dollar EUR - Euro GBP - British Pound AUD - Australian Dollar NZD - New Zealand Dollar SEK - Swedish Krona HKD - Hong Kong Dollar SGD - Singapore Dollar PLN - Polish Zloty |
Trading instruments:
| Forex1:500
Number of currency pairs: 389
CFD's1:500 Amount of assets : 10042
Metals1:500
Energy sources1:500 Binary Options Spread betting |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Commission:
| Yes (shares only) - From $10 |
Phone trading:
| Yes |
Contacts of CMC Markets
Recent customer reviews of CMC Markets
Advantages: No minimum deposit Analytics Narrow spreads Quick withdrawal of funds
Disadvantages: None
Comment: It is very convenient, because there is both a mobile version and a web version. You can set price alerts to monitor price fluctuations + a lot of technical tools. The platform is regulated and this, as for me, is the most important thing.
Advantages: A large selection of assets Information about quotes on the broker's website Multilingual technical support All opportunities for professional training A lot of analytical materials Reliable trading terminals
Disadvantages: None
Comment: I have already traded with many brokers, some are honest, but then the withdrawal will be delayed, then there are no shares, then the spreads are sky-high. I like everything so far. For a long time, of course, I was tormented with verification at the beginning, then I cut off the edge, then I closed the wrong numbers on the map. This stage was completed thanks to the manager. Well, then everything is normal, I tested for a demo for several weeks, then I started overclocking the depot on the standard. According to the execution, everything is smooth, no spires are drawn at night. Today I brought out the first normal profit. It took about 15 minutes to map.
Advantages: ASIC Regulation Transparent detailed trading conditions There is an Islamic account Hedging is allowed A lot of positive reviews
Disadvantages: The broker has the right to use funds from your account to fulfill obligations to other clients and partners
Comment: Oddly enough, but when choosing a company, in addition to the conditions, I also pay attention to the appearance of the official website, namely its informativeness and structure. Over the years, I have noticed that one-day kitchens, as a rule, rivet a template page that contains almost no useful information. And here, on the contrary, everything is competently structured.
CMC Markets webinars and seminars
Happening every Monday, this CMC Markets’ webinar is a great avenue to learn and plan your trading in the week ahead. Host ...
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