CMC Markets is a veteran online CFD broker that is listed on the London Stock Exchange. The corporate HQ is in London with offices in Singapore and Sydney. Traders can choose from a truly impressive index of over 10,000 financial products. CMC claims to provide a low cost service with tight spreads on most assets. Their four platforms include MT4 and bring a range of high tech trading tools and top quality account management and administration.
CMC Markets is registered in the UK and has a good reputation as a secure brokerage. CMC uses segregated accounts and meets industry standards for privacy, SSL cybersecurity and customer care.
CMC is an international brokerage, attracting clients from almost every region of the world. It has a strong following in the UK, Canada, Australia, the EU and East Asia.
CMC does not offer a good range of account types. There is currently only a single account for private traders. There is however a free demo account.
Minimum Deposit – $0
CMC accepts a number of different payment methods, but these vary according to trader location. The best methods seem to be bank wire transfer and credit/debit card. CMC is an experienced brokerage and their deposit and withdrawal systems run very smoothly. They don’t hit traders with surprise fees and commissions and the account terms are clearly laid out.
There is no minimum deposit requirement when traders fund their accounts with credit/debit cards and bank transfers.
Withdrawals can usually be completed in a few business days and are managed directly from your trading account. CMC doesn’t pressure traders to reinvest their profits and the customer service is fast to respond if you need help.
CMC has 4 different platforms, of which the MT4 and Next Generation platforms are most relevant to ordinary CFD traders. Both the platforms deliver a secure, and highly effective trading experience. They contain all the latest features and allow for fast order execution, analysis and risk management.
One of CMC’s main advantages is it’s huge asset index. Traders have fast access to over 10,000 financial instruments. This is far more than the average trader will ever need, but is great for anybody who requires specialist or niche assets. Forex and cryptos are particularly strong.
The education center at CMC Markets is modular, with separate sections for beginners, intermediate and professional traders. It’s one of the few education centers that doesn’t neglect advanced trading. There is a great range of ebooks, videos and webinars that cover all aspects of trading and investing.
CMC is let down by the fact that it doesn’t provide 24/7 customer service. The reps are only available 24/5 but do provide an efficient multi-lingual service via live chat, email and phone. There is also an option to visit a CMC regional office.
CMC generally doesn’t provide bonuses and promotions. This is partly due to official rules governing trading. It may be worth asking your account manager for improved spreads or new trading tools.
As well as a free demo account, CMC provides some good risk management tools, OPTO trading intelligence, charting features, and the new Market Depth tool. The MT4 platform also contains a range of tools.
CMC Markets is a well established brokerage with a high level of trader security. It provides one of the largest asset indexes, and some good platforms. Account management is simple and convenient and all the broker’s spreads and fee structures are entirely transparent.
US citizens are excluded from the brokerage and there is no customer service at weekends and holidays.
Large asset index
Established and reliable brokerage
Good education center
Poor choice of account types
No bonuses or promotions
No US traders
Minimum Depsoit - $0
November 17, 2020 08:00
I lost $500 in 10 min – something isn’t right here – not recommended!
November 17, 2020 08:00
Demo trading wasn’t good pratice for me when i started to trade with they real account. Sorry my english is not good.