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CMC NEXT GENERATION
About the CMC NEXT GENERATION platform
CMC Markets, established in 1989, stands out as a reputable Forex and CFD broker offering a wide array of financial instruments for trading. With a vast selection of over 12,000 CFDs and numerous forex pairs, traders also have access to international equity markets. The broker quotes its 158 currency pairs in both directions, providing flexibility for traders.
CMC Markets’ proprietary trading platform, Next Generation, is renowned for its quality research and innovative trading tools. Featuring various analytical features and integrated services like pattern indicators, the platform offers 13 chart types, video tours, and live news streams.
Traders can quickly locate trading instruments using the search bar, watchlist, or product library icons. Initiating a trade is straightforward: Select the ‘Buy’ or ‘Sell’ pricing next to the instrument name, which prompts an order screen to appear.
Pros and Cons
CMC Markets’ Next Generation trading software offers a comprehensive suite of features tailored for all levels of traders; below are the top Pros and Cons
Pros
- With over 80 technical indicators and 40 drawing tools, traders have ample resources for conducting in-depth technical analysis.
- The platform boasts a fully customizable workspace, allowing users to resize and dock windows according to their preferences.
- Advanced order types enable traders to execute trades precisely, including an in-built strategy backtesting tool.
- Personalized performance data provides valuable insights into traders’ trading activities.
- Platform video tours and live news streams inform traders about real-time market developments.
- CMC Next Generation Trader features a pattern recognition scanner, enabling traders to identify potential trading opportunities efficiently.
Cons
- CMC Next Generation Trader lacks support for running automated trading strategies
- Placing trades on the web platform may be more complex than desired,
- Absence of displayed Take Profit and Stop Loss levels on the chart until an order is placed.
- The platform does not provide the risk-to-reward ratio for trades