CMC Markets Review 2024: Pros, Cons, & Fees

cmc markets review

With ample research on what fees you’re subject to, CMC Markets is a broker with a 30+ year company track record and a well-built internationally recognized platform. The product range is plentiful https://traderoom.info/cmc-markets-a-wholly-reliable-brokerage/ for new traders as well as professionals. Aside from the ambiguous free-floating fee structure, CMC Markets offers one of the most customizable trading dashboards on mobile and desktop today.

How to Open a CMC Markets Demo Account – Step by Step Guide

The event calendar for Pro features corporate events, while the standard features generic economic events. Standard account holders get Dow Jones news feeds, while Pro CMC Invest account holders get access to a built-in Reuters feed. The same goes for analytics https://traderoom.info/ tools like sector analysis, trading central notifications, floats listing, and IPO application pages — you don’t get these with the Pro platform. If you’re trading from elsewhere, head over to cmcmarkets.com and see what fees apply for your locality.

cmc markets review

Forex, Gold & Silver:

This helped me get familiar with the platforms, practice trading strategies and test the brokers service. The CMC Markets website has a dedicated learning section where a selection of comprehensive trader education is provided. I would’ve preferred if they had a bigger selection of educational resources. I found the support page to have a glossary of approximately 220 financial markets terms along with detailed definitions. It also has top Frequently Asked Questions (FAQs) grouped accordingly. This is CMC Markets’ proprietary trading app which is a mobile version of the ‘Next Generation’ trading platform.

cmc markets review

Platforms and Tools

Founded in 1989, CMC Markets has a substantial operating history and is one of the oldest Forex and CFD brokers in the world. It is also one of the largest, with between 501 to 1,000 employees, according to the company LinkedIn page. Headquartered in the City of London, CMC Markets also has offices in Sydney, Singapore, Toronto and across Europe. CMC Markets has an extensive FAQ page answering common questions, and its customer support is available in multiple languages 24 hours a day, 5 days a week. You can reach support staff by phone, email and directly through its offices in the UK, Austria, Australia, Canada, Sweden, Spain, Singapore, Poland, New Zealand, Norway, Italy, France, Germany and Ireland. We use dedicated people and clever technology to safeguard our platform.

  1. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system.
  2. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
  3. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
  4. The more sophisticated Head and Shoulders pattern can also be identified.

This is prepared and presented by the team of analysts at CMC Markets. This tool shows me the percentage of traders that have bought a particular instrument as well as the percentage that have sold the same instrument. Although their customer support is not so prompt and is not available 24/7, they are responsive on business days. We tested it for a second time, and the wait time was less than 2 minutes and the answers to our questions were relevant, although the live chat agent left the chat abruptly. There is a withdrawal limit for card transactions, pegged at $40,000 per day, or its equivalent in GBP.

Below you can see the minimum margin rates and average spreads on some of the most popular CFDs offered by CMC Markets. After trying many online brokers CMC markets has become my long term broker of choice. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index so you can trust your funds are always safe and handled correctly . Additionally their customer service is first class , always going above and beyond to make sure your trading experience works well . CMC’s educational tools rank in the top-tier of what’s offered by competitors.

CMC Markets has a Trust score of 4.0 out of 5.0 on TrustPilot from 1,744 reviews. CMC Markets is regulated around the world, including ASIC, the FCA, the Monetary Authority of Singapore, and New Zealand’s Financial Market Authority (FMA).

Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. With competitive pricing and almost 12,000 instruments spanning virtually every market and asset class, CMC Markets is a great choice for global forex and CFD traders.

The absence of manual intervention also makes your order execution faster. This regulated online broker offers 11,000+ contracts-for-difference (CFD) and spread betting instruments for both retail and professional traders. Outside of the help provided, useful risk management tools and exceptional order execution round out a feature-rich experience that places the brand well above the competition. The broker ensures that its customers have ready access to a range of informational materials at all times.

CMC traders are covered under the Financial Services Compensation Scheme (FSCS) – a UK-based compensation scheme – up to £85,000 or equivalent per individual, or up to £170,000 or equivalent per joint account. While the fee structuring is a little more complex, CMC still delivers the most affordable costs for Australian clients that frequently trade relative to other local brands. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Third-party research from Reuters and Morningstar is also available for clients with live accounts. Video content (CMC TV), which is hosted on YouTube, includes live coverage of headline economic events such as Non-farm Payrolls, central bank meetings and major earnings releases. These video sessions range from roughly 30 to 45 minutes in length and also include technical analysis of the relevant charts.

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