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CMC Markets is a well-known British broker that has been around since 1989.
CMC Markets Main Highlights
| 🚀 Minimum deposit: | 0$ |
| ⚖️ Leverage: | Up to 1:500 |
| 🛡️ Regulations & Licenses: | ASIC, FCA, FMA, MAS |
| 💵 Deposits/Withdrawals: | Wire Transfer, Credit Card, PayPal |
| 💻 Trading platform: | MetaTrader 4, CMC Mobile Apps, CMC Web Platform |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | cmcmarkets.com |
A Look at CMC Markets
CMC Markets is a widely recognized and popular UK-based broker, established in 1989. And offers more than 10,000 trading instruments across traditional CFD assets, and fully developed spread betting solutions.
This is an online trading platform established in 1989. It provides services in Forex and CFD trading, with an asset portfolio of more than 10,000 instruments. It is regulated and listed on the London Stock Exchange and is a member of the FTSE Smallcap Index. CMC Markets is trusted globally and provides services to retail traders and institutional clients such as brokers, banks, trading desks, and hedge funds. It offers liquidity rebates of up to 5% for active traders and a Next Generation trading platform with quality research, powerful charting, and innovative trading tools.
CMC Markets Account Types
CMC Markets provides different types of accounts, including a free demo account and a live account that doesn’t require a minimum deposit. They offer the MetaTrader 4 platform for trading commodities, forex and indices, and their Next-generation platform for trading other assets. They also have Pro accounts available for professional traders.
CMC invest account offers three account types for Premium traders: CFD, Spread Betting, and Corporate.
The process of opening an account on the CMC Markets website is straightforward and effortless. It involves a few simple steps which enable traders to set up a live trading account and start trading on the trading platforms quickly.
CMC Markets Deposits & Withdrawals
This broker only offers bank wires, credit cards, and debit card transfers when it comes to deposits and withdrawals. Since these are the only options available, no fees are charged for deposits and withdrawals. However, there are third-party bank charges which include 1% for credit cards and 0.6% for debit cards. If you deposit a large amount of money, the fees may be quite substantial.
Deposit and withdrawal methods include debit card, credit card, bank transfer, BPAY, PayPal, and electronic wallets.
CMC Markets Regulations and Licenses
This broker is regulated by various financial bodies across the world, such as:
- The UK Financial Conduct Authority (FCA).
- Investment Industry Regulatory Organization of Canada (IIROC).
- Australian Securities and Investment Commission (ASIC).
- Financial Markets Authority (FMA) of New Zealand.
- Monetary Authority of Singapore (MAS).
CMC Markets Trading Platforms
CMC Markets’ platform offers a great trading experience with customizable charts, technical indicators, a search feature, and a simple design.
Web-based platform
The Next Generation platform, owned by CMC Markets, is web-based and also supports Meta Trader 4 for more experienced traders. The interface may seem complex at first, but CMC Markets offers helpful educational materials to help new users get started. It also supports 9 different languages.
The downside is that it does not have a two-step CMC Markets login for added security. Finally, it offers reports that include trading costs, gains & losses, cost basis, and market prices.
Desktop platform
The Next Generation platform can be used on a desktop computer, although its design is not as good as the web-based version. The features and customization options are similar to the web version. And, CMC Markets also supports Meta Trader 4, which is a more advanced version for experienced traders with more technical indicators.
Mobile trading app
The CMC Markets mobile trading app is easy to use and has plenty of features in comparison to the other two versions, such as a good search function even though it is not as adjustable as the web version.
Products Offered By CMC Markets
CMC Markets offers a range of Contracts for Difference (CFDs) for a variety of financial assets but does not provide trading for stocks, bonds, options, or futures. And, the selection of currency pairs available makes it a great choice for forex traders.
- 338 currency pairs
- 92 stock index CFDs
- 8,000 stock CFDs
- 1,000 ETF CFDs
- 136 commodity CFDs
- 56 bond CFDs
- 15 cryptocurrencies
FAQs
Is CMC Markets a scam?
No, it is considered highly trusted.
Is CMC Markets securities legit?
It is a publicly traded company, not a bank, and is authorized by five very trustworthy regulators, one moderately trustworthy regulator, and no low-trust regulators.
What is the minimum deposit at CMC Markets?
There is no minimum deposit.
Where are the offices of CMC Markets located?
Based in London and traded on the London Stock Exchange.
CMC Markets Pros
- Listed on the London stock exchange
- More than 10.000 trading instruments
- Offers metaTrader 4
CMC Markets Cons
- No U.S clients accepted
- MetaTrader 4 only for laptop
