CMC Markets Broker Review

CMC Markets Broker Review
Petar Nola
CMC Markets is an FCA regulated broker that has been offering spread trading services more than 27 years. The broker is owned by CMC Markets UK plc and under FCA license reference number 42013. For separate product called “countdowns” is licensed by the UK Gambling Commission. Maybe the most interesting part of trading with CMC... Read more
CMC Markets is an FCA regulated broker that has been offering spread trading services more than 27 years. The broker is owned by CMC Markets UK plc and under FCA license reference number 42013. For separate product called “countdowns” is licensed by the UK Gambling Commission. Maybe the most interesting part of trading with CMC Markets is the fact that the broker enables access to a huge number of markets, so traders will not be just limited to forex / currency pairs, but also other classes of underlying assets, along with some more exotic types of instruments such as Digital 100s and countdowns.
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  1. CMC Markets is an FCA regulated broker that has been offering spread trading services more than 27 years. The broker is owned by CMC Markets UK plc and under FCA license reference number 42013. For separate product called “countdowns” is licensed by the UK Gambling Commission. Maybe the most interesting part of trading with CMC Markets is the fact that the broker enables access to a huge number of markets, so traders will not be just limited to forex / currency pairs, but also other classes of underlying assets, along with some more exotic types of instruments such as Digital 100s and countdowns.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. CMC Markets Special features

    CMC Markets Demo Account

    With the CMC Demo you will get 10,000 in virtual currency to trade with. In our case, the account was in EUR, so we got €10,000. The signup is easy – all prospective traders need to do is fill in the info and verify the email by clicking the verification link in the email that arrives to the inbox. This will grant access to the web based Next Generation platform by CMC Markets, which we will take a closer look at in the next section of our review.

    CMC Personal Account

    The regular account, as opposed to the corporate account also offered by CMC Markets offers

    • Spreads that start from 0.3 pips
    • Up to 1:500 leverage
    • Commissions with stock CFDs – starting from $10
    • Education resources
    • CMC Market analysis
    • Market Calendar
    • News feeds
    • Traders sentiment indicators
    • Advanced platform features (so many of them)
    • Trading using unrealised profits
    • One click trading
    • Managing platform layouts and saving them
    • CMC TV and Twitter Feed access
    • Patter recognition scanner
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  6. CMC Markets Trading software

    The CMC Next Generation Platform is a web based online trading platform with numerous features. Since we use Safari on a Mac computer, we could not load the platform initially. This is due to the fact that the platform requires Adobe Flash, which we feel is a bit unfortunate and might explain in our opinion some of the complaints we encountered around Internet about freezing and affecting pricing. Adobe will discontinue flash within 3 years and the plugin itself was known to draw a lot of resources and has not be a stable companion, especially for mobile devices. Thankfully, the platform apps for mobile re native apps.

    The overall look and feel of the platform will mostly depend on how you arrange it for yourself. This is one of the most important features. Layouts can be changed and saved and trader has the control of her trading interface. On the top there is a product selector. There one can choose among the instruments. Please mind we use the conventional name for financial instruments – meaning assets are underlying assets, while instruments are CFDs, Digital100s – or ways to trade based on those assets or to access prices on those markets.

    CFDs are leveraged products that enable trading the whole range of assets, while Digital 100s are more akin to binary options, with expiry times and fixed investment sizes that cannot be changed through leverage. They always end on 100 value and the payout depends on the buy/sell price. Buy designates upward direction expectations, while sell means the trader expects prices to fall compared to the price when the order was placed.

    With CMC Markets, traders have access to trading based on

    • 339 currency pairs
    • 95 indices
    • 111 commodities
    • more than 9000 stocks
    • 46 treasuries

    for total of more than 10000 individual financial assets. As mentioned in the intro, we consider this to be the most interesting aspect of this broker since not all assets are equally interesting around the world – CMC Markets gains a truly global presence this way.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. CMC Markets Support information

    Whenever markets are open, CMC Markets customer support is also available. Any kind of difficulties can be reported to them in order to get a solution. The CMC Markets website is translated in German, Spanish, French, Italian, Polish, Chines and Swedish languages.

    The support is mostly available through phone and email. The broker claims most calls are answered within 20 seconds which is a pretty good record. The FAQ section and glossary, along with the guides on the websites are pretty detailed, so unless there is some unlikely really serious issue, we doubt there will be a need to contact support, but still we have to complain we did not find a live chat function before creating an account.

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  10. CMC Markets Payment Methods

    CMC Markets Deposit

    There is no minimum deposit with CMC Markets. Traders can deposit as much as they want, however, as always, sinc ewe are talking about leveraged products, some minimum amounts are advisable in order to be able to execute trading in an optimized manner – minimum $250 is usually recommended even though serious traders say $1000 is needed to start with a proper strategy when markgin calls and stop outs are taken into account. Don’t forget that CMC Markets does not have negative balance protection.

    A 2.3% charge is applied to credit card payments. Bank deposits cost will depend on your bank and country. The cards that can be used with this broker are:

    • MasterCard
    • Maestro/ Switch
    • Visa
    • Solo
    • Delta
    • Visa electron

    The payments need to come from the trading account owner’s card or bank account. Documents for KYC – know your client policy will be required to verify the account and enable withdrawals.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

  12. Your capital is at risk
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