CMC Markets Review for 2019

CMC Markets Rated 5/5

CMC Markets Introduction

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.

Open CMC Markets's Website

As with any investment your capital is at risk, 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 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 30 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 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

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

What we like

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

What we don't like

CMC Markets General Fees

  • CMC Markets withdrawal fees varies on payment method
  • CMC Markets does charge inactivity fees

CMC Markets Commissions

  • CMC Markets does charge commission on CFD shares

What can you trade with CMC Markets?

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 Interactive Brokers and XTB below.

FX / Currencies CMC Markets IB XTB
# of forex pairs offered 35 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs CMC Markets Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs CMC Markets Interactive Brokers XTB
# of Stocks offered 9000 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
CMC Markets's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on CMC Markets web platforms and other applications

CMC Markets offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers 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

What funding methods do CMC Markets accept?

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

  • Credit cards
  • Bank Transfer
  • Payoneer

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 trader, accounts and instruments, but as a guide, CMC Markets offer margin up to 0.002% on currencies.

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 over three languages, email and phone support.

What you will need to open an account with CMC Markets

As CMC Markets is regulated by Financial Conduct Authority, 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:

  • 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 10 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.

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?

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

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. 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.