CMC Markets Review

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.