CMC Markets offers robust, multilingual customer support across a global network of offices. With expert teams available Monday to Friday via phone or email, they provide timely assistance on platform access, trading cmc markets review queries, and account management. Support spans regions including 🇬🇧 UK, 🇦🇺 Australia, 🇨🇦 Canada, 🇳🇿 New Zealand, 🇨🇳 China, 🇸🇬 Singapore, and more.
While CMC Markets offers a $0 minimum deposit and a free demo account, its advanced Next Generation platform might have a learning curve for absolute beginners. However, their extensive educational resources can help new traders get up to speed. An invaluable tool for beginners and experienced traders alike, the free demo account allows you to practice trading strategies with £10,000 in virtual funds in a risk-free environment. We highly recommend utilizing this to familiarize yourself with the platform and market dynamics before committing real capital. Based on our thorough review, CMC Markets is an outstanding choice for experienced traders and those looking for a sophisticated platform with a vast array of tradable instruments. Its cutting-edge technology, competitive forex pricing, and strong regulatory standing position it as a leader in the online brokerage space.
The only real downside to the Next Generation platform is that it does not feature automated trading. We were impressed by CMC Markets’ range of financial instruments, which includes over 330 Forex pairs and 10,500 shares, among others. The account-opening process at CMC Markets is fully digital, and accounts are ready within one to two days, which is around the industry average. Last week, it was noted that gold could continue to rise further based on the daily chart, but it was already quite overbought on the monthly and weekly charts.
Trade with a Regulated Broker
The company holds highly regarded regulatory licenses relevant for the U.K., Australia, Singapore, New Zealand, and Germany. CMC Markets is regulated by the FCA which, along with U.S. regulatory agencies (NFA and CFTC), is widely considered to be the preeminent regulatory body. Cmc market has helped me learn how to trade nasdaq andI’m still learning.
- CMC Markets is regulated across 4 continents and has over 30 years of experience in the forex space.
- As someone who actively trades and compares brokers regularly, I wanted to see whether CMC still lives up to its long-standing reputation in such a competitive space.
- The fees and commissions structure seems reasonable overall and the option for cash rebates is a nice extra perk.
Is CMC Markets a Legitimate, Trustworthy Platform? 🤨
From tight spreads and fast execution to robust support and global regulation, the broker offers reliability, flexibility, and cutting-edge trading tools for serious market participants. CMC Markets, established in 1989, is a leading forex broker offering a wide range of over 9,500 CFD products. With competitive EUR/USD spreads starting from 0.7 pips and a diverse selection of trading instruments, including forex pairs, shares, and cryptocurrencies, CMC Markets caters to a global audience. The broker is regulated in key markets like the UK, Australia, Singapore, NZ, and Canada, ensuring a high level of trust and safety with a trust score of 91. Our commitment to providing unbiased, comprehensive reviews of forex brokers is rooted in extensive research and expert analysis.
On the negative side their in-and-out share trading commissions are quite high ($10 minimum). The customization options were a significant plus; we were able to arrange our workspace with multiple layouts, tailoring it to our specific trading strategies and preferences. This flexibility is a big advantage for traders who like to monitor several instruments simultaneously or have different setups for various market conditions. This ensures that your money is protected, even if the company faces financial difficulties. CMC Markets is committed to ensuring compliance with local and international regulations, offering its trading services in regions where it holds relevant licenses. This approach ensures that traders have a secure and regulated trading environment, regardless of their location.
In other words, if you wish to automate your trading and optimize and backtest your strategies, you will be forced to use the MetaTrader software. Next, let us see how CMC Markets fares compared to its closest competitors when it comes to minimum spreads for precious metals and energies. The broker offers MetaTrader 4, MetaTrader 5, Next Generation, and WebTrader. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
CMC Markets Deposit Options and Fees
While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. CMC Markets’ accounts have no minimum deposit requirements, making them accessible to all traders.
Mobile Trading Apps
- CMC Markets has a trust score of 91 based on regulation, reputation, and reviews, making it a highly trusted broker.
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
- 67% of retail investor accounts lose money when trading CFDs with this provider.
These accounts comply with the Sharia Law, which does not allow paying or earning interest. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
The following table summarizes the different investment products available to CMC Markets clients. He is a forex industry expert and an active fintech and crypto researcher. For The Achievers is our global partnership platform, celebrating those who push boundaries – from snowy slopes with GB Snowsport to the toughest track on earth with Red Bull Hardline. Get ready to stay ahead of the curve with our regular updates designed to help you make informed trading decisions.
Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.
To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system. This prolongs response times, and makes traders reluctant to contact CMC Markets, especially when having to phone an international number.
Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.
Trust and Safety
CMC Markets is regulated across 4 continents and has over 30 years of experience in the forex space. CMC Markets provides a free CFD Demo Account, allowing you to practice trading with virtual funds on both the MT4 and Next Generation platforms in a risk-free environment. Integrated into the Next Generation are multiple news and information sources.
While there are spread costs, overnight financing costs, and potential premiums for guaranteed stops, as well as an inactivity fee, they clearly disclose these charges. The availability of a free demo account cannot be overstated as an educational tool. It provides a safe space to apply what you learn without risking real capital. Trading courses and modules covering platform features and actionable trading strategies. It offers a seamless user experience consistent with the web-based platform. The look & feel is intuitive and sleek, making it easy to navigate even on smaller screens.