CMC Markets Review: Expert Opinion & 146 Customer Ratings Leave a comment

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. CMC Markets offer its clients one of the leading platforms in the market – MetaTrader4 (MT4).

Costs

Other than that, spread betting and CFDs with CMC Markets are the same in terms of price and market coverage. CMC Markets uses its own proprietary trading platform called Next Generation. It was previously called Market Maker, however, the name was dropped because of (presumable) B-book cogitations. Overall, CMC Market’s trading app is an excellent resource for active traders on the move. The analysis section provides insights and intraday updates, news from Reuters, economic calendars and CMC TV can keep you informed and entertained. There are also some quite good platform tour videos, so you can get to know the platform better, some educational videos on how to trade and you can join live events.

Customer Support Test

Education and research offerings are strong, and customer service, while not always the fastest, is reliable. CMC Markets offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. The CFD Trading account is perfectly calibrated for experienced and novice traders. Additionally, the combination of commission-free trading and raw spreads from 0.5 pips is extremely favorable. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

CMC Markets trading platforms and tools

CMC Markets lets you spread bet and trade commodity CFDs and with leverage on 100+ instruments. Commodity markets include Gold, Silver, Brent and West Texas Crude Oil plus commodity indices, with tight spreads, lightning-fast execution https://forexarena.net/ and some of the highest customer satisfaction in the industry. I found that CMC Market’s spread betting prices were always tight and hail from the original online platform name (Deal4Free, and slogan “compare the spread”).

If you live in the U.K., check out the review of CMC Invest at our sister site, UK.StockBrokers.com. CMC Invest is available via mobile on a stand-alone basis with commission-free trading across all account types. Disadvantages of trading with CMC Markets include – CFDS available only, customer support is only available 24/5, charges high stock CFD fees. The CMC Markets Alpha Account is a premium Membership that offers discounts on spread costs, premium support, a Financial times subscription, and access to market experts. Overall, CMC Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. It is regulated by five tier-1 regulators (high trust) and one tier-2 regulator (average trust).

• When you bring up an asset you can see what percentage of clients are long or short, related products and also break it down between which way the profitable and non-profitable clients are trading.
• It’s for traders with a higher than average balance who do not yet meet professional account requirements.
• CMC Markets also stands out for its huge selection of non-forex assets, providing portfolio diversification opportunities.
• For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.

Everyone knows that you shouldn’t put all your eggs in one basket when it comes to investing, and the same is true of trading. You’ve got a better chance of beating the market consistently if you spread your risk across different asset classes and don’t go crazy Rio trading. Although you’re out of luck if you want to trade CMC shares on CMC, I tried when I was demonstrating how to do a pairs trade against it’s main rival IG. And one risk you can always reduce is going with a well-established and well-capitalised provider. CMC Markets is a public company so you can see how well they are doing as a business.

A mobile application specifically designed for the iPad makes better use of the device’s larger screen size. CMC Markets has no minimum deposit requirement to open an account, although you will need to have enough money in your account to use as a margin to trade live. Forex traders can benefit from CMC Markets’ ultra-low dealing spreads that start at 0.07 pips for EUR/USD. Below you can see the minimum margin rates and average spreads on some of the most popular CFDs offered by CMC Markets. CMC Markets is highly recommended for investors looking for cost-effective trading options. It does not require a minimum deposit, charges below-average spreads for the EUR/USD, and offers discounts for active traders.

There is a commission charge that comes into play when one is trading individual shares and ETFs. This may be charged to your account directly upon order execution or added to the either side of the spread, depending on whether it’s classified as a CFD or spread betting account. CMC Markets provides five different account types, the CFD Account, the Corporate account, the Spreadbetting, Alpha, and risk-free demo accounts. No minimum deposit amount is required in order to open a CMC Markets live trading account. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CMC Markets lets you trade on over 80 cash and forward global indices based on the FTSE 100 and more, with leverage, on an award-winning spread betting and CFD platform.

Professional clients, who, in choosing this option, forego some of the enhanced protection afforded to retail clients, such as negative balance protection. I find CMC Markets an excellent broker in terms of its cmc markets review platform as it has a lot of functionality and is very easy to use. PROBLEMthe problem for people like myself who like to trade indices is that the spreads are very high, especially when the U.S. isn’t on.

CMC Markets does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The CMC Markets Demo account expires after 30 days and is funded with £10’000 in virtual currency. The Good Money Guide is a UK-based guide to global trading, investment and currency accounts. We offer expert reviews, comparison, news,  analysis, interviews and guides so you can choose the best provider for your needs. One of the standout features though is CMC Markets’ client sentiment data, which is displayed around the order tickets. When you bring up an asset you can see what percentage of clients are long or short, related products and also break it down between which way the profitable and non-profitable clients are trading.

With 330+ forex pairs and custom indices, CMC Markets offers more currency assets than every other broker we have tested. These are trusted regulators, ensuring various safety features are implemented to protect traders, including negative balance protection, segregated accounts, plus KYC and AML protocols. Besides, the broker is also suitable for beginners seeking to accumulate more knowledge.

One of the things that makes CMC Markets app stand out for me when I tested it is the focus on media as well as execution. Instead of providing an app that is just a slimmed-down version of the main platform, there is a huge amount of educational and news content available as video. So the app provides a bit more than just a way to stay connected to the markets, it can be a resource and a way to learn whilst on the move. Watch as we trade live on the CMC Markets trading platform and highlight some of the features unique to them. Trading with CMC Markets is obviously not free, but it is cheap, they have always been one of the best value trading platforms. This is great, because I really like trading stocks, I find it quite easy, compared to forex as they are based on fundamentals I understand.

Notice the bottom tool bar, from there you can access quickly the most important areas on your mobile trading platform. CMC Markets may use client information to make further inquiries about the client, but CMC Markets does not sell personal client information to any third parties for marketing purposes. Furthermore, CMC Markets offers two-factor authentication or 2FA to all account holders.