{"id":11002,"date":"2022-08-24T10:33:05","date_gmt":"2022-08-24T10:33:05","guid":{"rendered":"https:\/\/tradingplatforms.com\/uk\/?page_id=11002"},"modified":"2023-09-12T06:32:19","modified_gmt":"2023-09-12T06:32:19","slug":"cmc-markets-review","status":"publish","type":"page","link":"https:\/\/tradingplatforms.com\/uk\/cmc-markets-review\/","title":{"rendered":"CMC Markets Review"},"content":{"rendered":"

Established in 1989, CMC Markets boasts a long and varied history and is one of the most respected and well-known brands in the online brokerage industry.\u202fAccording to the company\u2019s 2021 annual report, it has over 300,000 active clients, 87million trades annually, and thousands of instruments.<\/p>\n

In this\u202fCMC Markets review\u202f2022, we will examine the platform\u2019s key features from its fees, trading instruments, payment options, and mobile trading capabilities. First, let\u2019s look closely at CMC Markets and see if it\u2019s the right broker for you.<\/p>\n

Visit CMC Markets<\/span><\/a>\n

Your money is it risk.\u00a0<\/em><\/p>\n

What is CMC Markets?<\/h2>\n

\"\"<\/p>\n

Due to its long history of operation, CMC Markets is considered one of the best platforms in terms of reputation, owing to its prestige as a CFD and forex broker with low spreads. In addition, the\u202fplatform\u2019s parent company, CMC Markets PLC,\u202fis listed on the London Stock Exchange, it is amongst the top 250 largest companies listed on the London Stock Exchange. Further, several global regulatory bodies regulate it, including the top-tier Financial Conduct Authority (FCA) of the United Kingdom.<\/p>\n

As part of the services provided by the broker, its customers have access to more than 12,000 financial instruments, including currency pairs, commodities, indices, shares, ETFs, treasuries, and cryptocurrencies (for professional clients only in the UK). Thus, users can choose from a variety of assets to trade.<\/p>\n

As part of its \u2018precision pricing\u2019 system, users can also access the best purchase price by comparing multiple banks\u2019 fees. As a result, there is little or no slippage with the execution at CMC Markets, and lightning-fast execution.<\/p>\n

A market-making approach offered by CMC Markets is highly recommended for advanced traders interested in accessing a broad range of tradable assets. Traders can build diversified portfolios with CMC Markets, while benefiting from advanced risk-management tools because of the wide variety of financial instruments offered.<\/p>\n

Furthermore, it is a suitable broker for beginners who wish to understand the industry better. As there is no requirement for a minimum deposit, as well as extensive research, support and educational materials, novice investors can learn the nuances of investing without looking elsewhere for training materials.<\/p>\n

It\u2019s quick and straightforward to set up an account and trade on this top-rated platform. There is no minimum deposit amount, and debit\/credit cards, PayPal and bank transfers are accepted.<\/p>\n

CMC Markets Pros & Cons:<\/h2>\n

What we like:<\/h3>\n

\u25cf\u202fTraders can choose from a large variety of spread betting (UK & Ireland\u202fclients\u202fonly) and CFD markets<\/p>\n

\u25cf\u202fForex trading commissions are 0% on a standard account<\/p>\n

\u25cf\u202fThere is no minimum deposit required<\/p>\n

\u25cf\u202fHighly regulated and well-respected<\/p>\n

\u25cf\u202fTight spreads<\/p>\n

\u25cf\u202fNewsfeeds and excellent research materials<\/p>\n

What we don\u2019t like:<\/h3>\n

\u25cf\u202fDoes not accept U.S. clients<\/p>\n

\u25cf\u202fSpread betting only for UK residents<\/p>\n

What Can You Trade on CMC Markets?<\/h2>\n

As one of the largest brokerage firms, CMC Markets offers clients a wide variety of trading assets. There are over 12,000 instruments to choose from, which opens up many new opportunities and the ability to diversify your portfolio. These instruments include:<\/p>\n

\u25cf\u202f330+ currency pairs<\/p>\n

\u25cf\u202f80+ indices<\/p>\n

\u25cf\u202f10,000+ shares<\/p>\n

\u25cf\u202f1,000+ ETFs<\/p>\n

\u25cf\u202f100+ commodities<\/p>\n

\u25cf\u202f50+ treasuries<\/p>\n

\u25cf\u202f21 cryptocurrencies (professional clients only in the UK)<\/p>\n

CMC Markets Fees & Commissions<\/h2>\n

Traders are not charged any hidden fees by CMC. They have a transparent fee structure when it comes to their services.<\/p>\n

Depending upon the asset traded by the user, the broker\u2019s earnings are generated either from commissions or average spreads, or a combination of the two.<\/p>\n

CMC Markets fees stand out for their tight spreads, which traders highly value. As a result of the spread, traders incur the cost of entering and exiting trades. This cost can often determine whether an active trader ends up being profitable or losing money.<\/p>\n

Popular products are offered at attractive and competitive spreads. For instance, CMC Markets\u2019 spreads are especially low during peak trading hours, averaging around 0.7 pips for EUR\/USD and USD\/JPY. Spreads typically range from 0.8 pips to 1 pip.<\/p>\n

Furthermore, there are no deposit fees, withdrawal fees, or monthly account fees charged by CMC Markets -\u202falthough there is a \u00a310 inactivity fee charged after a year of no trading if the account is not actively maintained.\u202fHowever, this is redeemable if the account is used again after the fee has been paid.<\/p>\n\n\n\n\n\n\n
<\/td>\nCFD Account<\/td>\nCorporate Account<\/td>\nSpread Betting Account<\/td>\n<\/tr>\n
Minimum deposit<\/td>\n$0<\/td>\n$0<\/td>\n$0<\/td>\n<\/tr>\n
Spreads from<\/td>\n0.3 Pips<\/td>\n0.3 pips<\/td>\n0.3 pips<\/td>\n<\/tr>\n
Commissions<\/td>\nShares only<\/td>\nShares only<\/td>\nN\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

If you decide to trade instruments whose currency is different from the currency in which your account is held, you should be aware that CMC Markets will charge you a currency conversion fee. A mark-up of 0.5% will be applied.<\/p>\n

CMC Markets User Experience<\/h2>\n

As a trading platform, CMC Markets offers users a very intuitive and easy-to-use experience. In addition, the broker\u2019s advanced research and support tools can assist its clients greatly. For example, through a strategic alliance with Morningstar, it provides information regarding a wide range of shares at users\u2019 fingertips.<\/p>\n

Furthermore, the broker provides its users with various tools designed to enhance their trading experience. Among those tools are economic calendars, stop-loss support, and pattern recognition systems that help traders identify patterns.<\/p>\n

In addition to their helpful customer support, they offer useful risk-management tools and exceptional order execution, which set them apart from their competitors. Furthermore, to ensure that their customers have access to a range of informational materials, the broker ensures they have direct access to them\u202f24\/5. The team of customer service representatives is also prompt and takes the time to resolve all customers\u2019 questions quickly.<\/p>\n

CMC Markets Features, Charting, and Analysis<\/h2>\n

\"\"<\/p>\n

CMC\u2019s \u2018Next Generation\u2019 platform features an extremely rich charting environment, including 80 technical indicators and studies, 40 drawing tools, and 60 candlestick patterns that can be easily manipulated. Breakouts and emerging patterns are two tools that make the platform the standout charting platform in the market.<\/p>\n

Among the many features available on the\u202fCMC trading platform<\/a>, pattern recognition is one of the most useful. Trading and analysing the price action of an asset can be made easier by having a variety of options available to traders. Accordingly, you can devise and implement sophisticated strategies as part of your daily operations.<\/p>\n

Trading from a one-minute chart to a monthly chart and identifying patterns is easy thanks to these auto-adjustable chart patterns. Additionally, you will have access to the client sentiment indicator. This shows the sentiment of the firm\u2019s client exposure, both in buying and selling instruments.<\/p>\n

There is also an exclusive feature worth mentioning called module linking. The layout can be configured to connect multiple windows. The result is that whenever a change is made in one module, the data for the same instrument will also be updated in all other linked modules.<\/p>\n

Also, the CMC trade deal comes with some useful features. For example, as part of the Market Calendar window, you can get a countdown to the release of various economic news events.<\/p>\n

In addition to the top-of-the-line research department offered by CMC Markets, the company has a team of top analysts that provide reports on fundamental news sources, as well as key insights and updates on the markets, which are being provided on its site daily.<\/p>\n

Furthermore, it provides traders with the option of subscribing to specific events. Whenever the news release time draws near, you will automatically be notified. Several market research reports and analyses are also posted on the website, discussing the development of certain markets and their impact on the market. There is no more suitable way to prepare for major macroeconomic events than these tools.<\/p>\n

Similarly, there are educational materials available on the CMC Markets website, especially useful for new traders.\u202fAs well as regular live webinars, traders can ask questions to the host, as well as experienced traders via chart forum in the platform.<\/p>\n

CMC Markets Account Types<\/h2>\n

Choosing the type of account is an important decision you must make when opening a new account. The requirements and features of each of these are different. They can be subject to the type of investor, background, the products, the currency options, and personal investment advice.<\/p>\n

When it comes to CMC Markets, they currently offer\u202ffour\u202ftypes of accounts to its users:<\/p>\n

\u25cf\u202fSpread betting account<\/p>\n

\u25cf\u202fCFD trading account<\/p>\n

\u25cf\u202fFX Active account<\/p>\n

\u25cf\u202fCorporate account<\/p>\n

The first account is the\u202fSpread Betting\u202faccount<\/a>. There are thousands of global financial instruments you can speculate on, and the process is\u202ftax-efficient. However, it is important to note that tax treatment depends on individual circumstances and can change depending on the jurisdiction that you reside in. Traders with an account will only be able to sign up for it if they are within the\u202fUK or Irish jurisdiction\u202fand the spread for forex starts at 0.7 pips. This account allows you to spread bet\u202fon over 12,000 assets.<\/p>\n

Secondly, we have the CFD account, which features the ability to trade\u202fon\u202fseveral asset classes, including forex pairs, commodities, indices, shares, and bonds, as well as other asset types. As far as the spreads for this account are concerned, they start at 0.3 pips, and there are no commissions for CFDs, except on shares and ETFs when trading with this account.<\/p>\n

Thirdly, CMC offers an FX Active account on both CMC\u2019s platform and\u202fMetaTrader\u202f4. This account offers the same as a standard CFD account on each platform, but six major FX pairs start at 0.0 spreads, plus there\u2019s a 25% spread discount on all other FX pairs versus a standard account. FX trading on this account also has a low, fixed commission cost at $2.50 per lot (100,000 of notional value).<\/p>\n

Finally, Corporate accounts are primarily available to institutional traders with more experience than average \u2013 accounts of this type work a little differently than other types. The spread starts at 0.3 pips, with no commission on CFDs, but there is a $7 commission on shares. Traders can choose from more than 4,000 stocks and 10,000 tradable CFDs.<\/p>\n

Furthermore, customers can easily sign up for a demo account. Spread Betting and CFD accounts are eligible. It is an interesting option for users to practise trading, understand the key features and experience the platform\u2019s functionality.<\/p>\n

CMC Markets Mobile App & Trading Platforms Review<\/h2>\n

\"\"<\/p>\n

Depending on the type of account, CMC Markets offers its users two\u202ftrading platforms<\/a>: Next Generation (developed in-house) and\u202fMetaTrader\u202f4<\/a> (developed by a third party).<\/p>\n

The first is the company\u2019s proprietary platform, which is available to spread betting (in the UK and Ireland)\u202fand\u202fCFD account holders. In terms of accessibility and customisation, this platform is highly intuitive and can be tailored to a great extent. In addition, powerful analysis tools, regular news updates, and advanced technical indicators make this award-winning platform one of the most popular.<\/p>\n

CFD accounts can also be opened using\u202fMetaTrader\u202f4, a standard tool for the industry. Among the many features available on this platform is the ability to measure client sentiment, access price alerts, and customisable indicators. Besides being accessible on Android and iOS platforms, a web-based version of the platform is available for this account type to ensure 24\/7 accessibility for all users, regardless of where they are.<\/p>\n

Overall, the broker offers many useful trading features and platforms, helping to ensure that all its users remain informed about the market situation.<\/p>\n

CMC Markets Payments<\/h2>\n

Several payment methods are available to fund your trading account on CMC Markets. Besides bank transfers, you can also use your credit\/debit cards and PayPal, the same\u202foptions offered by the company\u2019s closest competitors. Funds from third-party sources will be rejected.<\/p>\n

As well as the outstanding functionalities offered by CMC Markets, the broker also has a feature that does not impose any minimum deposit requirement on its UK users. Due to this feature, you can start trading on the platform as soon as you\u2019ve made an initial deposit. Moreover, you can also withdraw your funds at any time, since there is no minimum withdrawal requirement.<\/p>\n

CMC Markets Contact and Customer Service<\/h2>\n

Customer service is a top priority for the broker.<\/p>\n

Customer service at CMC Markets is available 24 hours from Sunday night to Friday night in various languages, such as Chinese, English, French, German, Italian, Norwegian, Polish, Spanish, and Swedish.<\/p>\n

As part of a well-functioning customer service department, one of the most important components is having enough channels to contact them to get the help you need. Usually, the more communication platforms there are, the more likely someone will be able to answer your question promptly. Considering this, the following are how you can contact CMC\u202fMarkets:<\/p>\n

\u25cf\u202fLive chat via the platform<\/p>\n

\u25cf\u202fPhone<\/p>\n

\u25cf\u202fEmail<\/p>\n

Social media<\/h2>\n

All communication options provide fast and reliable service. For example, the live chat feature is responsive, and you can even get relevant answers within a minute.<\/p>\n

Likewise, phone support is excellent; wait times were short, and every operator spoke clearly and understood. Regarding inquiries sent by email, it is common to get an answer to emails within one business day of the inquiry being made.<\/p>\n

In addition to providing essential information about the broker\u2019s key offerings and potential issues, the FAQ section of its website is particularly helpful to individuals who are comfortable seeking answers. Clients can also use search tools on the site and knowledge base to find answers.<\/p>\n

Is CMC Markets Safe?<\/h2>\n

As a member of the Financial Conduct Authority, CMC Markets is regulated by the UK Financial Services Authority (FSSA), under reference number 173730.<\/p>\n

According to the FCA\u2019s client money rules, the broker also ensures that its clients\u2019 funds are not mixed with the company\u2019s funds. CMC holds clients\u2019 funds in segregated accounts at\u202fregulated banks to ensure that their assets are protected in the unlikely event that CMC becomes insolvent.<\/p>\n

There is also an asset protection scheme known as the Financial Services Compensation Scheme (FSCS), which\u202fmay\u202fprovide\u202fthe client with additional asset protection of up to \u00a385,000.\u202fEligibility conditions apply. Please contact the FSCS for more information.<\/p>\n

As a result of ESMA rule changes that took effect in 2018, it is now mandatory to protect negative balances. In other words, it means your account balance cannot go negative at any time.<\/p>\n

As far as software security is concerned, CMC is aligned with the best in the industry. As well as two-factor and biometric authentication, the application has a timer that will log the user out of the mobile application if it is not being used for a prolonged period.<\/p>\n

Additional transparency is provided by CMC Markets\u2019 listing on the London Stock Exchange.<\/p>\n

How to Start Trading with CMC Markets<\/h2>\n

Step 1 \u2013 Registering<\/h3>\n

\"\"<\/p>\n

As a first step toward creating an account with CMC Markets, you can click the \u201dStart trading\u201d button at the top right of the CMC Markets website to begin the registration process.<\/p>\n

On the registration page, you must select your country of residence.<\/p>\n

Having done this, you will be asked to create a unique password and choose your preferred trading platform. Depending on your trading needs, you can choose either the CMC platform or\u202fMetaTrader\u202f4.<\/p>\n

Step 2 \u2013 Select Account Type & Verify Your Email<\/h3>\n

In this step, you will be directed to another window where you can select the type of account you would like to open. This can range from\u202fspread betting,\u202fto CFD trading, to FX Active.<\/p>\n

Afterward, you will be prompted to check your email for a verification code, which you will need to enter. After entering the code, a demo account will automatically be created for you. During this stage, you can decide whether you are interested in registering a live account or prefer to start trading on the demo account right away.<\/p>\n

For the process to be completed, click on Continue.<\/p>\n

Step 3 \u2013 Register For A Live Trading Account<\/h3>\n

A six-step process is needed to create a live account; to do so, you must fill out a form.<\/p>\n

The first step is filling out general information, such as account type and currency base.<\/p>\n

After that, you will be asked to enter your personal details, such as your date of birth, nationality, and tax status.<\/p>\n

The next requirement will be to fill out details about your address, such as your city and postal code. In addition to the address details, it will also be necessary to provide employment details.<\/p>\n

To comply with regulatory requirements, you must also provide your financial background. As soon as you have completed this section, you can proceed with the final step related to market knowledge and experience.<\/p>\n

Step 4 \u2013 Start Trading<\/h3>\n

If you have chosen CMC\u2019s Next Generation platform during the registration process for a live or demo account, you will be taken to the homepage of this platform after registering.<\/p>\n

Once you are logged into the platform, you can select the \u2018Products\u2019 tab, then \u2018Library\u2019, to browse through over 12,000 financial instruments. You can also type a specific instrument into the search bar to find exactly what you are looking for.<\/p>\n

CMC Markets Review \u2013 The Verdict<\/h2>\n

By providing a broad range of different investors with access to one of the most diverse asset varieties, this broker provides a solution for any strategy or trading preference. Aside from advanced charting features, the broker\u2019s trading platform offers news, research, signals, and other in-platform features that are among the best in the industry.<\/p>\n

As a result, its Next Generation platform comes with various powerful and versatile features, as well as high-quality mobile apps.<\/p>\n

Due to FCA regulation and the emphasis placed on account security, CMC lends credibility. Moreover, negative balance protection protects clients\u2019 accounts from volatile market conditions by minimising risk.<\/p>\n

In summary, CMC Markets is a great choice if you are looking for a forex and CFD broker with competitive spreads! By clicking the link below, become a trader with one of the industry\u2019s most reputable brokers.<\/p>\n

Visit CMC Markets<\/span><\/a>\n

Your money is at risk.\u00a0<\/em><\/p>\n

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.\u202fThe vast majority of retail client accounts lose money when spread betting and\/or trading CFDs.\u202f<\/strong>You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.<\/em><\/p>\n

FAQ<\/h2>\n
\n
\n

What is CMC Markets?\n \n<\/svg>\n <\/h3>\n
In 1989, CMC Markets was established in London, and since then, it has grown to become one of the world\u2019s most widespread trading brokers. Aside from offering over 12,000 trading\u202finstruments across traditional CFD assets, this platform offers a complete range of spread betting (UK & Ireland\u202fclients\u202fonly) services as well.<\/div>\n <\/section>\n
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Does CMC Markets offer forex trading?\n \n<\/svg>\n <\/h3>\n
Yes. The wide range of forex pairs that CMC Markets offers is one of the largest in the online forex brokerage\u202fcommunity, at over 330 pairs- according to ForexExplore.com. This includes majors such as EUR\/USD, GBP\/USD, and USD\/JPY, plus a huge range of minor and more exotic currency pairs.<\/div>\n <\/section>\n
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Which account types does CMC Markets offer?\n \n<\/svg>\n <\/h3>\n
CMC Markets allows its users to access several account types. Among the most popular accounts in the UK is the Spread Betting account. Trading\u202fon\u202fthousands of global financial instruments in a tax-efficient manner is possible here, with users able to speculate on their price movements. Secondly, there is the CFD account, which offers the same range of asset classes, such as forex pairs, commodities, indices, shares, and bonds. Additionally, institutional traders with extensive experience can open a\u202fcorporate\u202faccount.<\/div>\n <\/section>\n
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Which trading platforms does CMC Markets offer?\n \n<\/svg>\n <\/h3>\n
CMC Markets offers clients its multiple award-winning, proprietary \u2018Next Generation\u2019 platform, and\u202fMetaTrader\u202f4, one of the most widely-used platforms in the market. Customers can access trades remotely by employing web versions and mobile apps available for Android and iOS devices.<\/div>\n <\/section>\n
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Can I trust CMC Markets with my funds?\n \n<\/svg>\n <\/h3>\n
Under the FCA\u2019s Client Money rules, CMC is required to segregate client money (unless otherwise agreed between the company and individual customer) from CMC\u2019s own funds. The funds held in segregated bank accounts do not belong to CMC and will be held in a way that enables it to be identified as client money.<\/div>\n <\/section>\n <\/div>\n\n