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CMC Markets Review 2022

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

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CMC Markets is a multi-asset class  CFD broker, regulated by the Federal Financial Supervisory Authority (BaFin). Clients can trade on 11,000+ trading instruments covering Indices, Forex, Commodities, Shares, ETFs and Treasuries, all on the MetaTrader 4 platform or the broker’s own proprietary, web-based Next Generation platform.

CMC Markets is a multi-asset class CFD broker with over 30 years of experience, regulated by the Federal Financial Supervisory Authority (BaFin) and thus offering segregated funds and a high level of security and safety. The CMC Group is a publicly-traded company on the London Stock Exchange.

The broker offers 2 different trading accounts: CFD and Corporate accounts. Users can trade on 11,000+ trading instruments covering indices, forex, commodities, shares, ETFs and treasuries, with CFD commissions on shares only.

Users can trade on the MetaTrader 4 trading platform and on the broker’s own, proprietary, web-based Next Generation platform for web and mobile trading. The Next Generation platform is feature-rich with 115 technical indicators and drawing tools, 12 chart types and a pattern recognition tool. The broker also offers news and analysis from their own market analysts, as well as education, webinars and seminars.

Pros: Cons:
  • Globally regulated, and listed on the UK FTSE 250 index.
  • 11,000+ trading instruments covering multiple asset classes.
  • Feature-rich proprietary Next Generation trading platform.
  • News and analysis from in-house market analysts.
  • Potentially steep learning curve for beginner traders using the advanced Next Generation trading platform.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
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CMC Markets Main Features
☑️
Regulations
FCA (United Kingdom), ASIC (Australia), BaFin (Germany)
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Portuguese, Japanese, Chinese, Norwegian, Danish, Czech, Italian, Finnish
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures
💹
Max Leverage
1:30 (FCA), 1:30 (ASIC), 1:30 (BaFin)
🖥
Trading Desk Type
Dealing Desk, Market Maker
📊
Trading platforms
cmc-mobile-app, CMC Web Platform
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

CMC Markets Full Review

CMC Markets Video Review

Investor Protection & Regulations

CMC Markets is authorised and regulated by the Federal Financial Supervisory Authority (BaFin) in Europe, and by the UK’s Financial Conduct Authority under the name CMC Markets UK plc, offering negative balance protection for retail clients and segregated funds. The CMC Group is a publicly listed company on the London Stock Exchange.

CMC Markets is authorised and regulated by the Federal Financial Supervisory Authority (BaFin)in Europe, and by the UK’s Financial Conduct Authority under the name CMC Markets UK plc.

The broker also offers investor protection by holding client money in segregated accounts.

CMC Markets is part of the CMC Group which is a publicly listed company on the London Stock Exchange, thereby offering transparency in its dealings and health.

Tradable Products

CMC Markets offers users the ability to trade CFDs on 11,000+ instruments covering 300+ Forex pairs, 80+ Indices, 100+Commodities, 50+ Treasuries, 11000+ Shares and ETFs.

CMC Markets offers a wide range of instruments to trade on covering all major asset classes such as 300+ Forex instruments, 80+ Indices, 100+ Commodities, 50+ Treasuries and 10,000+ Shares and, 1,000+ ETFs.

Below is a list of just some of the available markets for trading:

Forex Indices Commodities
AUD/USD Germany 30 Cocoa
EUR/CHF UK 100 Coffee
GBP/USD US 30 Crude Oil
Treasuries Cryptocurrencies Shares & ETFs
Canada Bond 10 YR Bitcoin/USD Apple
Euro Bobl – Cash Ethereum/USD BP
Euro Bund – Cash Dash/USD Netflix

*Details regarding the available assets are taken from the CMC Markets website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and are covered further down this review.

Account Opening

CMC Markets offers 2 trading accounts – a CFD account and a Corporate account. Users can also try a free demo account.

CMC Markets offers 2 trading accounts as shown above. Each account comes with some similarities and differences as highlighted in the comparison table which is on the broker’s website. For example, each account has the same platform features but the range of instruments differs slightly, as shown below:

UK EU
Total number of instruments 11,000+ 11,500+
Forex pairs 330+ 330+
Indices 80+ 80+
Commodities 100+ 100+
Shares 9,500+ 10,000+
Treasuries 50+ 50+
Countdowns 24 (Pro clients only) 24
Max. leverage 1.250694444 1.250694444
Trade Size £ per point Number of units/notional value
Fractional trade sizes Yes Yes

Opening an account can be done easily on the broker’s website by clicking on the Start Trading button. This will then open up a registration page where users simply need to input their email and password, as shown below:

Users are then logged into the CMC Markets Next Generation trading platform where they can continue the application process, as shown below:

In the next page, users need to fill out their personal details, address details and financial details.

Once this has all been filled out, users simply need to read and agree to the broker’s Terms and Conditions, as shown below:

Users are then shown a confirmation of the application:

And are then redirected to the CMC Markets Client Portal area and an email is sent asking for users to verify their identity and address. Users can also open demo trading accounts and can manage both live and demo accounts from the CMC Markets Next Generation trading platform.

CMC Markets offers spread betting accounts in the UK and Ireland only.

Deposit & Withdrawals options

CMC Markets offers users the ability to fund accounts via credit or debit card, wire transfer and PayPal in some regions. Withdrawals can be made via the same methods.

CMC Markets offers users the ability to deposit funds into their trading account via credit and debit card, wire transfer and PayPal in some regions.

Deposits are fee-free and can be done via the CMC Markets Client Portal.

Withdrawals can take between 1-5 days and funds can only be returned to the original source with a limit of only one withdrawal request per day. More details regarding withdrawals are shown below:

Web & Desktop Trading Platforms

CMC Markets offers users the ability to trade on their advanced, feature-rich, browser-based trading platform called Next Generation, as well as on MetaTrader 4.

CMC Markets’ Next Generation platform is feature-rich and provides users with a range of benefits, such as the ability to:

  • Trade from anywhere with browser-based trading
  • Use 115+ technical trading indicators
  • Access 12 chart types and 70+ chart patterns
  • View client sentiment details to view the number of clients and their ‘Position Value’
  • Switch between 5 different layouts – 5minute chart, FX chart, Market overview, Share chart and Trade Ideas chart
  • Access their own pattern recognition scanner on 120 of the most popular trading products, updated every 15 minutes

A screenshot of the trading platform is shown below. However, a detailed review of the trading platform and its functionality can be found in the video review.

Mobile Trading Platforms

CMC Markets offers impressive and advanced functionality in its mobile trading platforms for iPad, iPhone and Android systems.

CMC Markets offers users the ability to trade on their very own, native CFD mobile trading app. The app can be downloaded from the broker’s website or directly from the Apple App Store or Google PlayStore.

Some of the benefits and features of the CMC Markets mobile trading app include:

  • Mobile-optimised charting
  • 40+ technical indicators and drawing tools
  • Customisable dashboard
  • Live market calendar
  • In-app support

Using the CMC Markets mobile trading is covered in more detail in the video review.

Trading Features

CMC Markets offers an impressive range of trading features that are already built into their very own Next Generation trading platform such a pattern recognition scanner, client sentiment tool and guaranteed stop-loss orders.

CMC Markets offers an impressive range of trading features that are already built in to their very own Next Generation trading platform. For example, users can access the broker’s own pattern recognition scanner which will automatically alert users to the emergence and breakout of popular chart patterns such as triangles, wedges and channels on 120 of the most popular products, updated every 15 minutes, as shown below:

The Client Sentiment tool is also an impressive trading feature as it allows users to view the number of clients and their ‘Position Value’ in near real-time.

CMC Markets also provides the use of Guaranteed Stop Loss orders (GSLOs) on certain asset classes for a premium, which is refunded in full if the GSLO is not activated.

Commissions & Spreads

Trading costs with CMC Markets vary depending on the market being traded and the account type opened. Corporate accounts are commission-based but for shares only.

Trading costs with CMC Markets vary depending on the market being traded and the account type opened. In general, Corporate accounts offer commission-based trading but only on shares which is from $10.

Spreads and margin rates vary depending on the instrument being traded and the account type. You can discover all this information on the broker’s website.

CMC Markets Forex Trading

Bonus & Promotions

In accordance with regulatory restrictions, CMC Markets does not offer any bonuses or promotions

CMC Markets is bound by the restrictions of its regulators not to offer any bonus or promotional schemes.

Customer Support

CMC Markets offers customers 24/5 support via Live Chat, Telephone, and Email. The ‘Help’ section of the website further lists FAQs and a glossary to assist clients with the most common queries.

The CMC Markets web page centrally features a link to the Live chat function. The full contact information for the broker can be accessed by clicking on the ‘Help’ icon in the top corner of the homepage.

The Live Chat Function and Telephone lines are available 24/5 during market opening hours. Upon making an enquiry via the chat function we received feedback within the minute as shown in the screenshot above. The customer service representative was polite, helpful and knowledgeable.

By clicking on the ‘help’ menu icon on the home page, the visitor can access the support section listing various options to contact the broker. CMC Markets is available 24/5 on weekdays via Telephone and Email and offers multilingual support.

Alternatively, clients can interact with the broker using their Social Media channels. CMC Markets has a presence on the main social Media outlets such as Facebook, Twitter and LinkedIn – the contact details are linked on the website.

For instant feedback and answers to the most common queries, users can consult the FAQs or Glossary on the support page.

Contact Information:

Research

CMC Markets offers several useful trader research tools. The site is regularly updated with analysis and market outlook reports covering various markets and asset classes from their own in-house analysts.

CMC Markets employs a team of dedicated market analysts who provide daily written analysis and Market outlook reports for the Forex and Stock Markets.

CMC’s in-house analysts publish regular market updates and analysis throughout the day, including video content and supported by social posts and podcasts as they cover breaking economic announcements. Expect to find a range of coverage including analysis on forex, commodities, indices and shares.

The level of research and analysis is impressive and is suitable for both beginner and advanced traders.

Trader Education

CMC Markets has recruited in-house analysts and industry experts to host trader education materials in podcast, article and webinar formats.

CMC Markets provides an impressive range of podcast recordings on-demand covering a wide range of educational topics, with a strong focus on trading psychology and performance enhancement. CMC Markets has recruited in-house analysts and industry experts to host these podcasts series.

Trading Experience

CMC Markets provides a very competitive offering for both beginner and advanced traders, with the ability to trade on 11,000+ instruments on their own, advanced, Next Generation trading platform with unique trading features.

From our observations, CMC Markets provides a simple, transparent trading, yet highly competitive offering suitable for both beginner and advanced traders. Users have access to CFD trading accounts which are also commission-free with the exception of stocks and shares trading.

Traders can access 11,000+ trading instruments covering Indices, Forex, Shares, Commodities and Treasuries with very competitive spreads. While the broker’s own Next Generation platform may be daunting – at first – for beginner traders it is feature-rich offering unique trading tools in the platform.

The broker also offers a high level of trading research and education that beginner and advanced traders will find of use and easy to access.

FAQ

Is CMC Markets regulated?

Yes, CMC Markets is regulated globally, including by the FCA in the UK and BaFin in Germany.

Where is CMC Markets based?

CMC Markets’ UK head office is based at 133 Houndsditch, London, EC3A 7BX, United Kingdom.

How does CMC Markets make money?

CMC Markets makes money mainly through spreads and swaps on certain tradable asset classes and commissions on certain trading accounts.

How do I deposit funds into my CMC Markets account?

Funds can be deposited into your trading account via debit or credit card, bank wire transfer, as well as PayPal in some regions.

What is the min. deposit for CMC Markets?

There is no minimum deposit to open an account.

How do I withdraw money from CMC Markets?

Withdrawals can be made from CMC Markets via debit or credit card or bank wire transfer.

What is the max leverage in CMC Markets?

The maximum leverage offered by CMC Markets is 1:500 for professional clients and 1:30 for retail clients, in line with ESMA regulations.

How do I open an account with CMC Markets?

An account can be opened at the click of a button on the CMC Markets website and can be done in just a few steps.

Does CMC Markets offer MetaTrader?

Yes, CMC offers MetaTrader 4.

Conclusion

CMC Markets is a multi-asset class CFD broker, regulated by the Federal Financial Supervisory Authority (BaFin) accross Europe. Clients can trade on 11,000+ trading instruments covering Indices, Forex, Commodities, Shares, ETFs and Treasuries on the broker’s proprietary, web-based Next Generation platform. CMC also provides MetaTrader 4, where you can trade on forex, indices and commodities.

CMC Markets is a multi-asset class CFD broker with over 30 years of experience, regulated by the Federal Financial Supervisory Authority (BaFin) and thus offering segregated funds. The CMC Group is a publicly-traded company on the London Stock Exchange.

The broker offers 2 different trading accounts: CFD and Corporate accounts. Each account offers 11,000+ trading instruments covering Indices, Forex, Commodities, Shares, ETFs and Treasuries with CFD and Corporate accounts offering commission-based trading on Shares only.

Users can trade on the MetaTrader 4 trading platform and on the broker’s own, proprietary, web-based Next Generation platform for web and mobile trading. The Next Generation platform is feature-rich with 115 technical indicators and drawing tools, 12 chart types and a pattern recognition tool. The broker also offers news and analysis from their own market analysts, as well as education, webinars and seminars.

  • Commission-free trading accounts available.
  • 11,000+ trading instruments available to trade on.
  • Impressive browser-based Next Generation trading platform.
  • Impressive research and education tools and customer support.
broker

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

See CMC Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United Kingdom
Foundation Year
1989
Regulations
FCA (United Kingdom), ASIC (Australia), BaFin (Germany)
Publicly Traded
Yes
Number Of Employees
800+
Trading Desk Type
Dealing Desk, Market Maker
Trading platforms
cmc-mobile-app, CMC Web Platform
Restricted Countries
United States
Supported Languages
English, Spanish, German, French, Arabic, Portuguese, Japanese, Chinese, Norwegian, Danish, Czech, Italian, Finnish
Max Leverage
1:30 (FCA), 1:30 (ASIC), 1:30 (BaFin)
Deposit Options
Wire Transfer, Credit Card, PayPal
Withdrawal Options
Wire Transfer, Credit Card, PayPal
Fixed Spreads
Yes
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
No
Segregated Account
Yes
Managed Account
No
Institutional Account
Yes
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