CMC Markets is a trusted global broker established in 1989. The broker offers CFDs and spread betting across a wide variety of markets including forex, indices, commodities, shares, ETFs, cryptocurrencies and treasuries with over 10,000+ instruments to trade from.
With CMC Markets, traders stand to enjoy a bunch of optimal trading features and conditions which includes; an advanced proprietary trading platform, over 10,000+ instruments to trade, low-cost trading, fast order execution, license and regulation from top tier regulatory bodies across the globe, a great customer support service with a fast response rate and much more.
TABLE OF CONTENTS
- 1 CMC Markets Broker Details
- 2 CMC Markets Pros & Cons
- 3 CMC Markets License and Regulation.
- 4 Asset Classes Offered By CMC Markets
- 5 CMC Markets Spreads and Commissions
- 6 CMC Markets Trading Fees
- 7 CMC Markets Funding and Withdrawals Options
- 8 CMC Markets Trading Platforms
- 9 CMC Markets Customer Support
- 10 Summary
- 11 CMC Markets FAQ
CMC Markets Broker Details
|Head Office||CMC Markets UK plc|
London EC3A 7BX
|Regulations||ASIC, IIROC, MAS, and the FCA|
|Trading Platforms||Next Generation CFD trading platform,|
MetaTrader 4 (MT4)
|Ways To Trade||CFDs, Spread Betting, Count Downs|
|Maximum Leverage||1:1 – 1:500|
1:1 – 1:30 (EU Traders)
|Minimum trade size||0.01|
|Demo Account||Available – Open Demo Account|
|Wire Transfer, Credit / Debit Cards, |
|Asset Classes |
|Forex, Indices, Commodities, Shares, ETFs, |
|Languages||English, German, French, Spanish, Italian, |
Polish, Swedish, Norwegian
CMC Markets Pros & Cons
- Regulated under top tier regulatory bodies across multiple jurisdictions, including the FCA, ASIC, IIROC and MAS
- 7 asset classes and over 10,000+ instruments to trade.
- Clients funds are segregated
- Not available is the US
- Inactivity fee charge, although its only applies after a year of inactivity.
CMC Markets License and Regulation.
CMC Markets is licensed and Regulated by top tier regulatory bodies around the world, theses include;
- Australian Securities & Investment Commission (ASIC),
- Investment Industry Regulatory Organization of Canada (IIROC),
- Monetary Authority of Singapore (MAS), and
- The Financial Conduct Authority (FCA).
These regulatory bodies ensure the strict compliance of financial institutions to the laws that protect financial consumers.
Asset Classes Offered By CMC Markets
CMC Markets offers a wide range of asset classes with over 10,000+ instruments to trade from. Assets classes offered by CMC Markets include; Forex, Indices, Commodities, Shares, ETFs, Cryptocurrencies and Treasuries.
|Assets.||No. Instrument Offered||Margin|
|Shares & ETFs||9,000+||20%|
CMC Markets Spreads and Commissions
CMC Markets offers one of the lowest spreads compared to other industry-standard brokers, with spreads on major instruments going as low 0.3 pips. Also, commissions are charged when trading shares on the brokerage platform, with a minimum commission charge of $7.
CMC Markets Trading Fees
CMC Markets provides its clients with a very transparent fee structure with no hidden charges around the corner.
The fees charged by the brokerage platform include; overnight fee charge(if held overnight); dormancy fee (after one year of inactivity); market data fee and guaranteed-stop-loss-order premium which is refunded in full if GLSO (guaranteed-stop-loss-order) is not triggered.
CMC Markets Funding and Withdrawals Options
CMC Markets allows the processing of payments and withdrawals through;
- Wire transfers and
- Card payments.
Note – Account funding and Deposits which can only be done with a card or account in the account holders name, as third party names would not be allowed for the processing of payments and withdrawals.
Also, Withdrawals on CMC Markets are processed on the same day, as long as the withdrawal is made before cut-off time by 2 pm (for clients in the UK) or 11 am (for clients outside the UK).
CMC Markets Trading Platforms
CMC Markets provides clients with two trading platforms, one of which is their advanced proprietary trading platform called the Next Generation trading platform and the other is a third-party trading terminal called the MetaTrader 4 which has been one of the most popular trading terminals amongst traders.
CMC Trading Platform Details
CMC Markets Customer Support
CMC Markets offers an award-winning customer support service with a dedicated support team with a surprisingly fast response rate, ranging from 3-5 minutes. The customer support team is available 24/ 5 and can be reached via live chats, email and telephone.
CMC Markets is a great broker overall, and clients stand to enjoy a bunch of optimal trading features and conditions which includes; an advanced and comprehensible proprietary trading platform; over 10,000+ instruments to trade from; low-cost trading; fast order execution; a great customer support team and much more.
On the other hand, CMC Markets is considered safe and trustworthy to trade with, as they have consistently built a great reputation over the years and are licensed and regulated by top tier regulatory bodies across the globe including the FCA, ASIC, IIROC and MAS.
CMC Markets FAQ
Is CMC Markets regulated?
Yes, CMC Markets is regulated by top tier regulatory bodies around the world including the;
- ASIC – Australian Securities & Investment Commission
- IIROC – Investment Industry Regulatory Organization of Canada
- MAS – Monetary Authority of Singapore
- FCA – The Financial Conduct Authority
Is CMC Markets an ECN broker?
No, CMC Markets is a market maker.
What is CMC Markets minimum deposit?
The minimum deposit required on CMC Markets is $0, as there is no minimum amount required to open a live account, although you would need to make a deposit with the required margin to be able to place a live trade.
How long do withdrawals take on CMC Markets?
Withdrawals on CMC Markets are processed on the same day, as long as the withdrawal is made before cut-off time by 2 pm (for the UK) or 11 am (for outside the UK).
Does CMC Markets accept US traders?
No, CMC Markets does not accept US traders.
How do I open a CMC Markets live account?
To open a CMC Markets live account;
- Visit their website here,
- Click on ‘start trading’ at the top navigation of the website,
- You’ll be taken to an account registration page to fill
- Once the broker has approved your application, you will be emailed your trading account login details and password.
Do CMC Markets allow scalping?
Yes, CMC Markets allows scalping.
Do CMC Markets allow hedging?
Yes, CMC Markets allows hedging.