The company went live with its Next Generation platform in 2010, which is now available to users worldwide. Since its launch, Next Generation has accrued a number of awards from respected UK institutions. Following the company’s 25th anniversary in 2014, CMC Markets opened an office in Warsaw, Poland, in eastern Europe. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

Aside from the services we have examined, the CMC Markets offers a few other notable services we will review briefly. The CMC Markets has a pretty great average rating of 4.1 from about 1,545 reviews on TrustPilot. This general sentiment is reflected by a user who considers his experience thus far a five-star one. The terminal is where traders can access such information as their trading history, open and closed positions, and current margins. There are three CMC Markets accounts – four if you count the demo account. We will examine each of these types in this section of our review.

If you hold a currency position overnight, you will incur an overnight financing charge, or swap rate. This charge is determined by the overnight interest rate differential between the two currencies included in the respective pair and whether you are holding a long or short position. The swap rates for forex pairs are based on the tomorrow to next day (tom-next) rate in the underlying market and are presented as daily or annualized percentages. The adjustments below are added by CMC Markets to the tom-next rates for long positions and subtracted from the rates of short positions. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Whilst these aren’t the fastest withdrawal times, they are in line with most forex brokers.

The integration is smooth, execution is fast, and spreads are competitive. Order placement is intuitive, and fills are consistently efficient. CMC Markets offers multiple trading platform options to its users depending on the account type. This platform is highly intuitive and can be customised to a great extent. This award-winning platform comes with advanced features such as comprehensive analysis tools, the latest news and updates, as well as advanced technical indicators.

However, the wait time can be longer if there is a significant queue of clients on the wait. The Education section enables traders to find all the educational resources they need to improve their trading. These include market news, the latest updates on trends, webinars, and expert takes on various trends in the market. The conversion of foreign currencies into your account base currency or local currency costs 50 basis points (0.5%) if you are trading foreign exchange products on the CMC Markets CFD platform. However, it does have regional offices in many countries across Europe and Asia.

Trading View

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance cmc markets review Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. This variation in leverage is due to the different regulatory standards and risk management practices in each region.

Luckily, the platform also offers its services through the third-party platform MT4. In any case, we will now look at some of the CMC Markets mobile app features and how to start trading on it. For traders wishing to trade in CFDs only, CMC Markets offers a CFD account, which is not only free to open but also has no minimum deposit requirements. The account type is suitable for new traders, and it is available on both the proprietary CMC Markets platform and MT4. Spreads here begin from 0.7 pips, and the holding costs start from $7. When it comes to trading these CFDs and real stocks, traders on the platform can count on a robust set of educational resources and advanced trading tools to aid their trading.

This indicates that the company is subject to the laws of these countries and must adhere to strict standards concerning its clients. CMC Markets is a reliable CFD and Forex broker with a long-standing presence in the market. It is regulated by leading financial authorities, ensuring a high level of client fund security.

Who is CMC Markets? 📘

The fee is deducted from your available account balance each month and generally applies to UK customers trading under the FCA-licensed entity.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
It applies to all trading instruments – Forex, stocks, bonds, commodities.
In our opinion, Price+ offers excellent value for high-volume forex traders.
Our review of CMC Markets found that it was the top forex broker for intermediate forex traders.
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

This made for a slightly frustrating experience during my hands-on tests of the CMC Markets platform. On major indices, such as the S&P 500, 0.6 is the average spread cost during peak trading hours (the fees are built into the spread). Unlike some of its main competitors, such as Interactive Brokers, CMC doesn’t provide access to exchange-traded securities (non-CFDs) for international stock exchange participation. The platform also doesn’t include interest rate trading, or long-term investment opportunities via managed portfolios. Depositing and withdrawing to CMC accounts is typical of a regulated broker – the options are relatively limited, but secure.

The broker understands that comfort and personalization are significant in enabling a trader to be in their element when trading. As such, the mobile platform is designed to be very customizable, especially in the dashboard section. The spread for an asset is the difference between its ask and bid prices, and it’s usually expressed as a decimal number.

Are my funds insured with CMC Markets?

CMC Markets does not offer MAM/PAMM solutions to accommodate money managers. These include the FCA in the UK, the ASIC in Australia, the CIRO in Canada and the MAS in Singapore. These are all well-regarded regulators that add to the broker’s credibility. The 300,000+ client base is also a reassuring sign that the company is reputable. Trading hours vary by asset and are in line with most other brokers. It is also not surprising to see that the broker has won many awards, including the No. 1 Web-Based Platform and the Best Spread Betting Provider.

CMC Markets Account Minimum Deposit Requirements

The CMC Markets trading platforms operate on mobile apps and desktop, both of which we will be examining in this review section.
Next Generation also gives you access to 20+ years of pricing history to work from in charting and tracking price projections.
In this section of our CMC Markets review, we will briefly overview these various offices, their addresses, and relevant regulators.
CMC Markets is a publicly listed company on the London Stock Exchange, owned by its shareholders.
This platform offers features such as measuring client sentiment, accessing price alerts, as well as custom indicators.
It comes with 100+ built-in indicators, 50+ smart drawing tools, and the ability to custom code your scripts using Pine Script.

CMC Markets offers only one account for CFD trading, which provides access to a wide range of trading instruments. A demo account is also available for those who want to practice before trading on a real account. CMC Markets offers two primary account types designed to suit different categories of traders. Yes, CMC Markets can be a solid choice for beginners, especially those who are serious about learning the ropes. The platform is packed with educational tools, a free demo account, and a user-friendly interface.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you are seeking a trustworthy broker with extensive experience.

How long do withdrawals take on CMC Markets?

Guaranteed stop-loss orders are given by the premium rate multiplied by the trade size. However, if the guaranteed stop-loss is not triggered then the charge is fully refunded to the trader. Fees on other products were competitive too, with a 1.0 spread on the FTSE, 2.0 on Brent Crude Oil, and 0.2 on Gold. Yes, CMC Markets offers the MetaTrader 4 (MT4) platform in addition to its proprietary Next Generation platform.

Inbuilt tools like sentiment charts and pattern recognition are also designed to help clients analyze the markets and uncover potential trading opportunities. The “also being traded” section provides trading ideas and shows related instruments that other clients are currently trading, although the platform lacks full social and copy trading functionality. Established in 1989, we have 35 years’ industry knowledge and experience. We’re listed on the London Stock Exchange and headquartered in London, with several international offices in many of the world’s leading financial centres. This allows us to support over 1.5 m traders and investors worldwide (1.621 million unique user logins for the CMC Markets invest and CFD platforms globally, as at August 2024).