CMC Markets Review 2024

CMC Markets review
CMC Markets Awards

CMC Markets have won numerious industry awards over the 35 years they have been operating as a financial broker. We have listed the most notable 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 review
CMC Markets Fees Explained

• CMC Markets withdrawal fees varies on payment method
• CMC Markets does charge a fee for inactive accounts.
• CMC Markets does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from CMC Markets are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

CMC Markets Costs To Check

Modern brokers like CMC Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, CMC Markets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall CMC Markets trading profitability.

How CMC Markets Fees Compare Against Other Brokers

CMC Markets Minimum Deposit

CMC Markets requires a minimum deposit of 200 GBP/USD/EUR when opening an CMC Markets trading account.

A minimum deposit is the minimum amount of money required by CMC Markets to open a new online brokerage account with them.

Don't be scared off by brokers like CMC Markets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like CMC Markets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

CMC Markets Withdrawal Fees

The fees for withdrawing funds from your CMC Markets account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your CMC Markets withdrawal request is important.

CMC Markets Withdrawal rules may vary across different brokers when it comes to transferring funds from your CMC Markets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with CMC Markets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the CMC Markets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from CMC Markets. Researching and comparing CMC Markets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing CMC Markets funds frequently or dealing with large sums of money. Awareness of these CMC Markets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your CMC Markets funds.

For example, CMC Markets allows you to withdraw your funds to Credit cards, Bank Transfer, Debit cards, Payoneer.

CMC Markets Inactivity Fees

CMC Markets does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by CMC Markets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all CMC Markets fees and services. It's recommended that you check the CMC Markets website before signing up. If you decide to close your CMC Markets account, it's important to do so with the CMC Markets broker customer support and obtain confirmation that no remaining CMC Markets fees are due.

Brokers like CMC Markets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

CMC Markets Deposit Fees

CMC Markets do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

CMC Markets Commission Fees

CMC Markets does charge commission on CFD instruments.

Brokerage firms like CMC Markets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the CMC Markets trading account level held by the trader.

CMC Markets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing CMC Markets terms and conditions to understand the commission fees and any other charges that may apply is essential.

CMC Markets review
Trading on CMC Markets web platforms and other applications

CMC Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

CMC Markets also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See CMC Markets's platforms

Is the CMC Markets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the CMC Markets trading platform to protect you on PC and mobile CMC Markets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using CMC Markets web trading platforms.

CMC Markets Trading Platform Options

After logging into your CMC Markets account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)

Please be aware that CMC Markets does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

CMC Markets does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options CMC Markets gives you.

CMC Markets review
CMC Markets MetaTrader 4 (MT4)

CMC Markets MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on CMC Markets offers traders comprehensive features and tools to enhance their trading performance. The CMC Markets MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the CMC Markets platform to their needs. One of the standout features of MT4 is its charting functionality, which allows CMC Markets traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give CMC Markets traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 CMC Markets trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the CMC Markets MetaTrader 4 (MT4) trading platform. MT4 is a platform available with CMC Markets, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The CMC Markets MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. CMC Markets allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with CMC Markets in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. CMC Markets MetaTrader 4 is compatible with the latest macOS. CMC Markets allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on CMC Markets

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade CMC Markets MetaTrader 4 on iOS Devices

You can download the CMC Markets app or trade with CMC Markets through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. CMC Markets customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade CMC Markets MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and CMC Markets offers its clients access to the MetaTrader 4 platform on these devices. With the CMC Markets MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing CMC Markets traders to stay on top of their trades and react quickly to changes in the market. With the CMC Markets MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade CMC Markets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on CMC Markets are a powerful bundle of three major indicators designed to help traders make informed decisions. CMC Markets MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help CMC Markets traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing CMC Markets traders to potentially stay one step ahead.

CMC Markets MetaTrader 4 Advanced Trading Tools

The CMC Markets MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give CMC Markets traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, CMC Markets provides traders with everything they need to succeed. The CMC Markets MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing CMC Markets traders to analyze the market at any level of complexity.

Trade CMC Markets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

CMC Markets MetaTrader 4 AutoChartist

Autochartist on the CMC Markets platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for CMC Markets MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, CMC Markets traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save CMC Markets users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. CMC Markets traders can navigate the platform and find the information they need to make informed trading decisions.

CMC Markets Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for CMC Markets traders of all experience levels.

CMC Markets Trading benefits

• CMC Markets Allows scalping
• CMC Markets Allows hedging
• CMC Markets Low min deposit
• CMC Markets Guaranteed stop loss
• CMC Markets Offers Negative Balance Protection

CMC Markets Trading Accounts Offered

Below we give an overview of the account types that CMC Markets offer. Whatever you are looking to trade, the varying CMC Markets account types will be able to provide you with what you need.

• CMC Markets Demo account
• CMC Markets Mini account
• CMC Markets Standard account
• CMC Markets Managed account

Can I try CMC Markets?

CMC Markets provides a demo account that enables individuals to explore trading before investing their funds. By creating a CMC Markets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the CMC Markets demo account can help individuals to make informed decisions before investing their money.

Open a demo CMC Markets account to practice and trade.

Losses can exceed deposits

CMC Markets withdrawal and funding methods

It's essential to remember that the payment methods provided by CMC Markets vary based on the CMC Markets entity and the CMC Markets client's country of residence. To view the CMC Markets payment options available, you can log into your CMC Markets member's area.

CMC Markets offers various funding payment methods listed in your CMC Markets dashboard if available in your region. To learn more about the CMC Markets funding and withdrawal options available in your area, you can explore the CMC Markets website.

CMC Markets provides several payment methods for funding your CMC Markets account. You may utilize any of these deposit options if they are available in your region. CMC Markets ensures that users have multiple payment methods to choose from, making it more convenient for verified CMC Markets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the CMC Markets user's location. learn more about CMC Markets funding and withdrawal methods.

CMC Markets Payment Methods

Some CMC Markets payment methods are local and are available only to specific regions. CMC Markets account holders should check which payment methods are provided in your region.

• CMC Markets accepts Credit cards
• CMC Markets accepts Bank Transfer
• CMC Markets accepts Debit cards
• CMC Markets accepts Payoneer

How can I start trading with CMC Markets?

To open a trading account with CMC Markets, individuals can sign up on the CMC Markets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for CMC Markets account validation and making a deposit. Once completed, CMC Markets users can download the trading platform of their choice.

It's important to note that CMC Markets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps CMC Markets maintain a trustworthy financial environment for its 10,000 users. Detailed information on the CMC Markets trading platforms is available on their website.

Losses can exceed deposits

Performing trades with CMC Markets

The trading platform, CMC Markets, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals.

CMC Markets, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like CMC Markets can be useful for traders starting or with limited capital.

Like other brokers, CMC Markets margin requirements can differ depending on the traded instrument.

CMC Markets offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about CMC Markets, and see all of the CMC Markets account features on the official CMC Markets website.

CFD Trading on CMC Markets

We will show you an example of the basics of using CMC Markets leverage.

CFD trading on CMC Markets allows traders to speculate on the price movements of various financial instruments against the broker CMC Markets, without actually owning real assets. With CFDs, CMC Markets traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

CMC Markets provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, CMC Markets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the CMC Markets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, CMC Markets leverage magnifies both profits and losses in trading.

Trading CFD trades on the CMC Markets platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced CMC Markets traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limiting Your Risk When Trading with CMC Markets Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like CMC Markets. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a CMC Markets trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, CMC Markets trading losses are always limited to the current balance of funds in the trader's account.

Even if an CMC Markets trader experiences a significant loss, they will never owe more money than what is available in their CMC Markets account balance.

It's important for CMC Markets traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that CMC Markets losses are limited to the funds available in your CMC Markets account when negative balance protection is in place.

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

Stop-loss orders are a popular risk management tool traders use on platforms such as CMC Markets . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for CMC Markets traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an CMC Markets trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide CMC Markets traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with CMC Markets, you must actively monitor your live trading portfolio and financial exposure on CMC Markets.

Education Resources at CMC Markets

To trade effectively with CMC Markets, it's important to have a good understanding of the CMC Markets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with CMC Markets and externally.

CMC Markets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with CMC Markets. Familiarizing yourself with the CMC Markets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using CMC Markets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with CMC Markets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like CMC Markets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with CMC Markets. Explore the CMC Markets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with CMC Markets, before live trading.

Customer Support at CMC Markets

As part of our CMC Markets review, we review customer service options, response times and problem resolution effectiveness on the CMC Markets trading platform. The CMC Markets trading platform supports multiple languages, which includes English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian.

CMC Markets Available Support Types

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

Our experience with CMC Markets email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at CMC Markets

Our experience with CMC Markets phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with CMC Markets.

See how CMC Markets Support Compares Against Other Brokers

What you will need to open an account with CMC Markets

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

As a new client of CMC Markets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with CMC Markets in your region. During the CMC Markets account opening process, you will be asked to provide CMC Markets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with CMC Markets have the following documents available.

• CMC Markets require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for CMC Markets compliance. This must be dated within the last six months.
• If you plan to fund your CMC Markets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the CMC Markets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under CMC Markets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring CMC Markets's platform.

However, remember that you won't be able to make trades on CMC Markets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the CMC Markets KYC compliance process as soon as possible to avoid any delays in accessing the CMC Markets platform's features.

It is important to note that CMC Markets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the CMC Markets platform and features immediately. However, you must pass the verification process to start live trading with CMC Markets, which can take up to a few business days.

To start the process of opening an account with CMC Markets you can visit the CMC Markets trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.cmcmarkets.com on April 23, 2024.

CMC Markets review written by Andrew Blumer and Mark Hansen