CMC Markets Review 2020

CMC Markets Rated 3/5
learn more Learn more about IC Markets. Losses can exceed deposits
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CMC Markets Guide

CMC Markets are an online broker founded in 1989 offering Forex trading, CFDs trading, Spread Betting trading, and Binary Options trading.

CMC Markets are a global broker and have a head office in UK.

CMC Markets have a listed stock symbol. This means that CMC Markets have publically listed and you can officially buy shares in CMC Markets on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of CMC Markets we break down the pros and cons. What CMC Markets are able to offer, what countries CMC Markets are available in. Who CMC Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with CMC Markets

Open CMC Markets's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to CMC Markets

With this review we hope to help you see if CMC Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding CMC Markets that will help you get off to a good start in the world of online trading.

CMC Markets Review Table of Contents

CMC Markets what you should know

CMC Markets offer four ways to trade: Forex, CFDs, Spread Betting, Binary Options.

With CMC Markets you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with CMC Markets platform.

CMC Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are CMC Markets safe?

When choosing a broker like CMC Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1989, and in operation for 31 years CMC Markets have a head office in UK.

CMC Markets is regulated. This means CMC Markets are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to CMC Markets, this will be honored. If CMC Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to CMC Markets accounts by traders are held in a segregated bank account.

For added security CMC Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with CMC Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit CMC Markets

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker CMC Markets IC Markets eToro XTB
Year Established 1989 2007 2006 2002
Head Office UK Australia Cyprus, UK Poland
Regulation Financial Conduct Authority (FCA) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Used By 10,000+ 60,000+ 12,000,000+ 250,000+
Negative balance protection No Yes No Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit CMC Markets Visit IC Markets Visit eToro Visit XTB
Risk Warning Losses can exceed deposits Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CMC Markets Pros and Cons

What we like about CMC Markets

  • Used by over 10,000 traders
  • Established in 1989
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $200

What we don't like about CMC Markets

CMC Markets Financial Regulation and Supervision in more detail

We have checked and CMC Markets is regulated and supervised by reputable organisations. You are able to check every CMC Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with CMC Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect CMC Markets traders and provide a safe trading environment.

CMC Markets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as CMC Markets you should be sure they're legitimate online agent.

CMC Markets Awards

CMC Markets have won numerious industry awards over the 31 years they have been operating as a financial broker. We list the most notible awards and mentions for CMC Markets below.

  • Investment Trends Highest Overall Customer Satisfaction 2019
  • Investment Trends Best Mobile/Tablet App 2019
  • Investment Trends Best Email Customer Service 2019
  • Investment Trends Best Telephone Customer Service 2019
  • Investment Trends Best Platform Features 2019
  • Investment Trends Best Education Materials/Programmes 2019
  • Canstar Awards Broker of the Year – Online Share Trading 2019
  • Canstar Awards Outstanding Value Online Share Trading 2019
  • Invest Cuffs Award Foreign Forex Broker of the Year 2019
  • Invest Cuffs Award Foreign Forex CFD Broker of the Year 2019

CMC Markets General Fees

  • CMC Markets withdrawal fees varies on payment method
  • CMC Markets does charge inactivity fees
  • CMC Markets does charge deposit fees
Broker CMC Markets IC Markets eToro XTB
Min Deposit 200 200 200 0
Withdrawal Fees Varies No Yes varies
Inactivity Fees Yes No Yes No
Deposit Fees Varies Varies No No
CFD Commission Fees Yes, 0.10% Yes No Yes

CMC Markets Commissions

  • CMC Markets does charge commission on CFD instruments.

What can you trade with CMC Markets?

Be aware that Different entities under CMC Markets Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with CMC Markets over 100 instruments infact.

If you are looking at trading currency pairs CMC Markets offer over 35 currency pairs.

Compare CMC Markets with IC Markets and eToro below.

Losses can exceed deposits

Broker CMC Markets IC Markets eToro XTB
Instruments Available 100 232 100 1,500
Platforms Web Trader, Binary, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies Visit CMC Markets Visit IC Markets Visit eToro Visit XTB
Forex pairs offered 35 65 50 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit CMC Markets Visit IC Markets Visit eToro Visit XTB
Commodities Offered 0 19 0 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit CMC Markets Visit IC Markets Visit eToro Visit XTB
Stocks Offered 9000 100 957 1696
UK Shares Yes No Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on CMC Markets web platforms and other applications

CMC Markets offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

CMC Markets also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See CMC Markets's platforms

CMC Markets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss

CMC Markets Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • Managed account

Can I try CMC Markets before I buy?

CMC Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

CMC Markets withdrawal and funding methods.

Please note that the list of payment methods below depend on the CMC Markets Entity and the Clients Country of Residence.

CMC Markets offer the below funding payment methods. learn more about CMC Markets

  • Credit cards
  • Bank Transfer
  • Payoneer
Broker CMC Markets IC Markets eToro XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with CMC Markets?

When opening a trading account with CMC Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on CMC Markets trading platforms here.

Performing trades with CMC Markets

With CMC Markets, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, CMC Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

CMC Markets Leverage and CMC Markets CFDs Explained

let's take a look at some of the basics of using CMC Markets leverage.

CMC Markets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

CMC Markets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the CMC Markets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The CMC Markets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

CMC Markets CFDs are typically used for short to medium term trades. For example CMC Markets intraday trading.

Limit Risk When Trading with CMC Markets Stop Loss, CMC Markets Stop Limit Orders

A stop-loss order is an order placed with a broker like CMC Markets to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at CMC Markets

To trade effectively with CMC Markets, it's important to get a have a good understanding of the CMC Markets trading tools and the markets.

CMC Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with CMC Markets.

Take time to look around the CMC Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at CMC Markets

CMC Markets support a wide range of languages including English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian

CMC Markets have a double AA grade support rating because CMC Markets offer live chat and email support in multiple languages.

Livechat Support at CMC Markets

CMC Markets does not offer LiveChat Support.

Email Support at CMC Markets

We sent several emails to CMC Markets and answer times overall were excellent. The fastest response from CMC Markets was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with CMC Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from CMC Markets.

Phone Support at CMC Markets

We called CMC Markets and the call was answered very quickly. The call was answered in less than 5 minutes.

The CMC Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual CMC Markets team by calling in varying languages. CMC Markets made an effort to make sure our queries were answered.

Overall great phone support from CMC Markets.

See how CMC Markets Support Compares Against Other Brokers

Broker CMC Markets IC Markets eToro XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit CMC Markets Visit IC Markets Visit eToro Visit XTB
Risk Warning Losses can exceed deposits Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with CMC Markets

As CMC Markets is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under CMC Markets Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore CMC Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with CMC Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.cmcmarkets.com on 12th August 2018.

Is CMC Markets A Good Broker?

We spent over 3 months examining CMC Markets in depth. Although we found some very useful aspects of the CMC Markets platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative CMC Markets broker.

  • CMC Markets have a good track record of offering Forex, CFDs, Spread Betting, Binary Options.
  • CMC Markets has a history of over 31 years.
  • CMC Markets has a reasonable sized customer support of at least 10.
  • CMC Markets are regulated by Financial Conduct Authority (FCA). This means CMC Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • CMC Markets have regulation from a Tier 1 reputable country.
  • CMC Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • CMC Markets have an international presence in multiple countries. This includes local CMC Markets seminars and training.
  • CMC Markets are able to hire people from various locations in the world who can better communicate in your local language.

CMC Markets Risk Disclaimer

Losses can exceed deposits

CMC Markets not quite right?

Check out these CMC Markets Alternatives

We have spent years researching the best alternatives to CMC Markets. Click the links below to learn more.

If you feel some of the above CMC Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of CMC Markets alternatives below.

Related CMC Markets Comparisons

If you would like to see how CMC Markets stands up against other brokers you can read some of our CMC Markets comparisons below. We compare side by side some of our top rated CMC Markets versus comparisons. Read some indepth CMC Markets VS pages below.

CMC MARKETS Frequently Asked Questions

Can I try CMC Markets before I buy?

CMC Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do CMC Markets accept?

Please note that the list of payment methods below depend on the CMC Markets Entity and the Clients Country of Residence.

CMC Markets offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is CMC Markets safe?

CMC Markets are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to CMC Markets accounts by traders are held in a segregated bank account. For added security CMC Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is CMC Markets trading good?

CMC Markets is considered good and reputable to trade with. CMC MarketsCMC Markets is used by over CMC Markets active traders. CMC Markets offers Forex trading, CFDs trading, Spread Betting trading, and Binary Options trading. Minimum deposit with CMC Markets is 200.

Is CMC Markets trading Legit?

CMC Markets was founded in UK in 1989. CMC Markets has been facilitating trade on the financial markets for over 31 years. CMC Markets offers clients Forex trading, CFDs trading, Spread Betting trading, and Binary Options trading. All funds deposited to CMC Markets are held in segregated tier 1 bank accounts for security. CMC Markets is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is CMC Markets a good broker?

CMC Markets is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. CMC Markets allows Forex trading, CFDs trading, Spread Betting trading, and Binary Options trading.

Is CMC Markets trustworthy broker?

CMC Markets can be considered trustworthy. All money funded to CMC Markets is placed into a segregated tier 1 bank account. this means your money in not held by CMC Markets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also CMC Markets is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for CMC Markets?

The minimum deposit to trade with CMC Markets is 200.

How long do CMC Markets withdrawals take?

Withdrawing money from CMC Markets processing time varies but averages 2-5 days.

Is CMC Markets regulated?

CMC Markets is regulated by Financial Conduct Authority (FCA).

Is CMC Markets a market maker?

CMC Markets is a market maker. Stocks, currency and other commodities and instruments will be purchased by CMC Markets even if no buyer is lined up.

How can I start trading with CMC Markets?

When opening a trading account with CMC Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on CMC Markets trading platforms here.

Is my money safe with CMC Markets?

CMC Markets is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like CMC Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to CMC Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is CMC Markets a con?

CMC Markets is regulated and well established having been in business for over 31 years. CMC Markets is definitely not a con.

Can you make money with CMC Markets?

Although traders have had great success with CMC Markets. Trading on the financial markets with CMC Markets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does CMC Markets have fees?

CMC Markets withdrawal fees varies on payment method. CMC Markets does charge inactivity fees. CMC Markets does charge deposit fees.

When was CMC Markets founded?

CMC Markets was founded in 1989.

How many people use CMC Markets?

CMC Markets is used by over 10000 registered traders.

What is CMC Markets Headquarters country?

CMC Markets has its head quarters office in UK.

Does CMC Markets offer negative balance protection?

CMC Markets does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does CMC Markets offer guaranteed stop loss?

CMC Markets offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does CMC Markets allow scalping?

CMC Markets offers scalping.

Does CMC Markets allow hedging?

CMC Markets offers hedging.

Does CMC Markets offer CFD trading?

CMC Markets offers CFD trading.

Does CMC Markets offer STP?

CMC Markets does not offer STP trading.

How many people use CMC Markets?

CMC Markets is used by over 10000 traders.

Is CMC Markets an ECN broker?

CMC Markets does not offer ECN trading.

Does CMC Markets offer a demo account?

CMC Markets offers a demo account.

Does CMC Markets offer an Islamic account?

CMC Markets does not offer Islamic accounts.

What are the funding methods for CMC Markets?

CMC Markets accept the following funding methods : Credit cards, Payoneer, Bank Transfer.

CMC Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the CMC Markets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

CMC Markets review written by Mark Hansen of Comparebrokers.co