CMC Markets is one of the UK’s Leading Forex brokers. In this review, we will focus on its trading features, regulations, trading platforms, and account types. Furthermore, we will also uncover its pros and cons, and evaluate its spread, and commission. So let’s start this CMC Markets review.
4.8/5
1989
$0
CMC MARKETS REVIEW
Founded in 1989, CMC Markets is the UK’s leading online Forex and CFD broker offering a wide range of financial assets including Forex, CFD Stocks, and Spread betting. With over 30+ years in the business, CMC Markets has expanded its global presence with regional offices in Germany, Australia, and Singapore. It’s regulated by top-tier authorities and is known to be a trustworthy Forex broker.
| Founding Year |
 1989
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.8/5 |
| Minimum Deposit |
 $0
|
CMC MARKETS REGULATION REVIEW
CMC Markets is a highly regulated broker and operates under the oversight of 3 tier-1 regulatory bodies. In the UK, CMC Markets is regulated by the Financial Conduct Authority (FCA).
In Australia, it is regulated by the Australian Securities and Investments Commission (ASIC). It is also regulated in Singapore by the Monetary Authority of Singapore (MAS).
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
 Australia |
Australian Securities and Investments Commission (ASIC) |
Singapore |
Monetary Authority of Singapore (MAS) |
CMC MARKETS TRADING PLATFORMS REVIEW
CMC Markets offers a variety of trading platforms to its clients including its proprietary Next Generation Platform featuring advanced charting and customizable layouts. It’s available for desktop and mobile devices. A web version of this platform is also available.
CMC also offers MetaTrader 4 (MT4), a third-party platform with advanced charting and auto-trading capabilities. The Mobile version of MT4 is available for both IOS and Android devices. Additionally, traders can also use MT4’s web version and trade directly from their browser.
These platforms cater to all sorts of traders by offering a range of features and capabilities to suit different trading styles.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
Yes
|
| MT4 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
CMC MARKETS REVIEW
CMC Markets provides a range of leverage options for different financial instruments. For major currency pairs, retail account holders can use up to 30:1 leverage, while professional account holders can use up to 200:1 leverage. For minor currency pairs, retail account holders can access up to 20:1 leverage, while professional account holders can access up to 100:1 leverage.
For indices, the leverage ratios are up to 10:1 for retail account holders and up to 50:1 for professional account holders. The leverage ratios for commodities are up to 10:1 for retail account holders and up to 100:1 for professional account holders. For cryptocurrencies, retail account holders can access up to 10:1 leverage, while professional account holders can access up to 20:1 leverage.
It’s important to note that leverage ratios for specific instruments may vary depending on the jurisdiction of the trader. It is advisable to check with the broker beforehand.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 1:200 |
| COMMODITIES | 1:50 |
| CRYPTO | 10:1 |
CMC MARKETS PRODUCTS REVIEW
CMCMarkets offers its clients a wide range of financial products, including Forex, Indices, Commodities, Cryptocurrencies, Shares, ETFs, Options, and Bonds. With over 330 currency pairs to trade, CMCMarkets offers some of the most popular and widely traded currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, as well as a wide range of minor and exotic pairs.
The broker also offers to trade on major global indices, such as the FTSE 100, DAX 30, S&P 500, and NASDAQ 100, giving clients access to the world’s largest stock markets. In addition, CMC Markets offers trading on various commodities, including gold, silver, oil, and natural gas. Cryptocurrencies are also available for trading, including Bitcoin, Ethereum, and Ripple.
Shares trading is also available from various exchanges around the world. CMC Markets also offers trading on a wide range of exchange-traded funds (ETFs) and Options, which can be a good way to diversify a portfolio. Furthermore, CMCMarkets also offers to trade on a range of government and corporate bonds. All these products are available to the clients of CMC Markets regardless of their account type, except certain products, which may only be available to certain types of accounts.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
CMC MARKETS TRADING FEES REVIEW
CMC Markets offers competitive spreads across all of its products. In terms of Forex, the spread on major currency pairs such as EUR/USD and GBP/USD is typically between 0.7 and 1.2 pips. On Indices, the spread can be as low as 0.1 on certain markets. On commodities such as Crude oil and Gold, the spread can range between $0.1 to $0.5 per barrel and $0.1 to $0.5 per ounce respectively. CMC Markets also offer trading in Cryptocurrency pairs with a spread that varies depending on the market conditions.
In terms of commission, CMCMarkets charges a variable commission on certain products, such as shares and ETFs, which is based on the value of the trade. For other products like Forex, Indices, commodities, and options, CMC Markets does not charge any commission.
CMCMarkets also offer competitive overnight financing rates, also known as rollover or swap rates. This is an additional cost or credit that is applied to or from the trading account depending on the direction of the trade and the interest rate differentials between the two currencies.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.7 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
CMC MARKETS DEPOSIT AND WITHDRAWAL METHODS
CMC Markets supports a variety of deposit and withdrawal methods, including credit and debit cards, bank transfers, and e-wallets such as PayPal and Skrill.
Deposit times vary depending on the method used. However, credit and debit card deposits are typically processed immediately. The bank transfers may take up to 2-3 business days to be credited and processed. Withdrawals are processed within 1-2 business days and the time for the funds to be credited to the client’s account will depend on the method used. Withdrawals to credit and debit cards are typically processed within 3-5 business days, while bank transfers and e-wallet withdrawals can take up to 7 business days.
It is unclear whether CMC Markets currently accepts deposits in cryptocurrencies. While the broker may have offered this option in the past, they may have discontinued it.
CMCMarkets also implements strict security measures to protect the client’s personal information and funds. Clients are required to verify their identity and address before making a withdrawal, to ensure that the funds are going to the correct person. This is a standard industry practice to comply with Anti-Money Laundering (AML) and know-your-customer (KYC) regulations.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
 No
|
CMC MARKETS EDUCATIONAL RESOURCES
CMCMarkets provides valuable educational resources and analysis tools to its clients. It has a comprehensive learning section on its website. This section includes video tutorials, market analysis, and a range of other learning materials such as trading guides, and glossaries.
CMC MARKETS REVIEW
CMC Markets is a well-established online broker. It offers a wide range of trading instruments including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable financial authorities which include UK’s FCA and Australia’s ASIC. It provides multiple account types to suit the needs of different traders. It has a user-friendly and highly customizable proprietary trading platform. Moreover, it provides top-notch educational material and tools to help trader improve their trading skills.
In terms of leverage, CMCMarkets offers high leverage on most of its products. It offers tight spreads and competitive commission charges. Its deposit and withdrawal methods are also very convenient. Recently CMC Markets has also introduced copy trading which is another great addition to its services.
In conclusion, CMC Markets stands out as a well-regulated broker with a wide range of trading instruments and competitive spreads. Its commitment to traders’ education and the recent addition of copy trading makes it a compelling choice for new and experienced traders.
CMC MARKETS PROS AND CONS
It’s important to evaluate CMC Markets Pros and Cons before deciding to open an account with the broker.
| Pros |
Cons |
|---|---|
| Multi Asset | None |
| Multi Regulated | |
| Comprehensive Education | |
| Low Minimum Deposit | |
| Copy Trading | |
| Huge List of Instruments | |
| Low Spread | |
| Proprietary Platform |
©2023 FOREXWICK.COM All Rights Reserved.
