CMC Markets offers a wide range of trading instruments, making it an attractive option for traders of all interests. With access to a broad selection of assets, you can diversify your portfolio and increase your trading opportunities. Our commitment to providing unbiased, comprehensive reviews of forex brokers is rooted in extensive research and expert analysis. We evaluated 18 forex brokers based on rigorous criteria, focusing on key aspects such as regulatory oversight, costs, trading experience, and available offerings. Our methodology ensures that our recommendations are based on reliable data and a thorough understanding of the industry. CMC Markets offers a variety of trading platforms to its clients including its proprietary Next Generation Platform featuring advanced charting and customizable layouts.
CMC Markets’ instruments offering beats the industry average for every asset class. MetaTrader is a powerful platform with impressive features but the interface appears dated in comparison with the Next Generation Platform. What distinguishes MetaTrader is its ability to perform strategy backtesting and automated trading. The app’s order tickets allow users to place the full range of order types, including guaranteed stop-loss orders and trailing stops. The regulatory status of different subsidiaries is covered at the footer of each page.
CMC Markets Stocks, ETFs and Indices
It’s important to evaluate CMC Markets Pros and Cons before deciding to open an account with the broker. Everything you need is on the right place, easily accesible and identifiable (which is a huge concern for me, some platforms don’t show clearly what you’re doing). I managed to squeeze in 2 charts, economic calendar, Reuter news, CMC insights and my execution block. In every chart, you can directly search for another asset, in the image above if you were to click on the platform where it says Coffee Arabica, you would open up the search list and be able to quickly change.
This means, that in the event the broker becomes insolvent, UK clients are protected up to £85,000, EU clients up to €20,000, and Canadian clients up to CAD 1 million. The brokerage has been operating since 1989 and has licenses from multiple trusted bodies, including the FCA in the UK, CIRO in Canada, and ASIC in Australia. The following table summarizes the different investment products available to CMC Markets clients.
Our Opinion On CMC Markets
CMC’s Trustpilot reviews are stellar, with more than 2,000 reviews and an average score of 4.2 out of 5. Customer service and support begins with links to FAQ and relevant educational pages. Users who require a more personal touch can dial in and talk to phone representatives 24 hours per day, Monday through Friday.
CMC Markets’ research includes the latest news and analysis by some of the top names in finance such as Reuters and Morningstar. Its Insights section reports relevant market news and provides timely weekly research by an expert market analyst. You also get multiple articles on stocks and a general market outlook. CMC Markets mobile trading platform is one hell of a beautiful mobile app packed with all sorts of features, a simple interface and very useful information at a glance. CMC Markets is committed to ensuring compliance with local and international regulations, offering its trading services in regions where it holds relevant licenses.
It also offers raw spreads from 0.5 pips and supports commission-free trading (except for share CFDs). Finally, it provides robust support content and reliable customer support, making it a perfect choice for casual trading. The broker offers more currency assets than any other brokerage, very tight spreads from 0.0 pips, and a loyalty program that offers substantial discounts on trading fees. Users from Australia gain access to stocks and other tradable assets from all over the world, including Canada, the US, the UK, and Japan.
Trading Tools & Education
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The broker’s advanced research support tools can prove to be invaluable for its clients. It has tied up with Morningstar to provide its users with the latest news and reports covering a wide range of financial instruments. In addition to this, the broker also grants its users access to numerous value-added tools including economic calendars, stop loss support, and pattern recognition systems. CMC Markets offers multiple trading platform options to its users depending on the account type. CFD Account holders can use its proprietary platform known as Next Generation.
Top Features
- Its quality is high, although there is still room for improvement, especially with the waiting times for responses via chat.
- Our methodology ensures that our recommendations are based on reliable data and a thorough understanding of the industry.
- Our proprietary scoring model evaluated each broker across 11 major categories and 73 weighted criteria, plus an additional 15 non-weighted criteria.
This is made possible due to the fluidity of its charts, supplemented with a wide array of analytical tools. CMC Markets holds several Tier-1 and Tier-2 licenses across different jurisdictions, and it adheres to all essential safety requirements. The broker operates under a ‘best execution policy,’ providing its clients with the most optimal price feeds. In addition, CMC Markets is publicly traded and a member of the FTSE 250 Index, which adds to its trustworthiness. CMC Markets achieves fast order execution speeds and offers a variety of trading instruments.
- You can trade CFDs on forex, indices, cryptocurrencies, shares, ETFs, commodities and government securities via this online broker.
- This platform is equipped with sophisticated charting tools that allow for detailed market analysis and decision-making.
- It continues to offer excellent functionality, supporting trading on all instruments and offering mobile-optimized charting with scroll and zoom, a choice of notification types, and clear order tracking.
CMC provides a seamless user experience across its mobile app, web-based CMC NextGeneration Platform, or the MetaTrader 4 platform. Usability across all platforms, including mobile, is consistent with access to a range of forex pairs, indices, commodities, shares, ETFs, and more. On the other hand, spread betting and CFDs are sophisticated products that offer significant risks of losing money quickly because of leverage. 69% of retail investor accounts lose money while utilizing this provider’s goods.
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. Overall, CMC Markets is a great choice for those looking to start trading with a trusted broker. Our proprietary scoring model evaluated each broker across 11 major categories and 73 weighted criteria, plus an additional 15 non-weighted criteria. The overall ratings are a weighted average of the weighted criteria, ensuring a balanced and fair assessment.
As such, we consider the customer service of CMC Markets to be some of the best we have come across. The market research and news section at CMC Markets is comprehensive and competes well with similar brands. On the negative side, I do find the look of the terminal somewhat outdated compared to the modern feel of in-house platforms from alternatives like eToro, but this is a minor complaint. Some may be able to process withdrawals within an hour while others could take up to 5 business days. Guaranteed stop-loss orders are given by the premium rate multiplied by the trade size.
This approach ensures that traders have a secure and regulated trading environment, regardless of their location. For those interested in a deeper understanding of how CMC Markets protects its clients’ investments, the broker provides a detailed Security of Funds section on their website. This resource offers valuable insights into the specific measures CMC cmc markets review Markets employs to secure client assets, reflecting their dedication to upholding the trust and safety of their trading environment.
Chat and local phone support are available 24 hours a day from Monday to Friday. However, you can’t be logged into mobile or web platforms at the same time. Another drawback is that charts do not automatically sync with the way you have them set up in the web platform. For example, if you are entering a limit order to buy gold at a price below where the market is trading, you can either mark the order GTC (good ’til canceled) or set a specific expiry date for your order. 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 and 1,000 employees, according to the company’s LinkedIn page.
This platform is specifically designed for traders looking for more sophisticated trading capabilities, including more comprehensive market analysis and more effective execution strategies. The Web Platform allows for deeper analysis with its built-in economic calendar and additional timeframes, which are crucial for making informed trading decisions. The platform also supports automated trading systems, allowing traders to automate their strategies and capitalize on market opportunities efficiently. This makes the Web Platform an excellent choice for traders who demand high-level functionality and extensive analytical capabilities to navigate complex market conditions effectively.
