CMC Markets Review
4.4
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. 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 Broker is a trusted and reputable platform that offers a comprehensive trading solution to traders worldwide. With its advanced technology, diverse range of tradable instruments, and commitment to customer satisfaction, CMC Markets Broker stands out as a top choice for traders.
CMC Markets Broker offers a comprehensive trading solution with its advanced technology, diverse range of tradable instruments, competitive pricing, advanced risk management tools, regulatory compliance, and dedicated customer support. Whether you are a beginner or an experienced trader, CMC Markets Broker provides the necessary tools and support for a successful trading journey.
-
Regulated by top-tier authority, listed on stock exchange
-
Fast, fully digital account opening
-
No minimum deposit requirement
-
Low forex fees
Overview
Year founded
Minimum deposit
Withdrawal fee amount
Available Offerings
Platforms available
1989
0$
0$
ETFs*, Forex*, CFD, Crypto*, Bond*
Desktop, Mobile, Web
* EFTs, Forex, Crypto and Bond excluded to UK clients
Account Opening
The account opening process at CMC Markets is fully digital, with no minimum deposit requirement. Account verification is typically completed within 1-3 business days. CMC Markets provides three types of accounts: CFD account, Spread betting account, and Pro account. The Pro account has specific requirements, such as having placed 10 trades in the previous quarter of significant size, maintaining a portfolio exceeding €500,000, and having at least one year of experience in the financial sector. To open a CMC Markets account, follow these four steps. First, select your country of residence, account type, and account base currency. Next, provide your personal information, including your name, date of birth, phone number, email address, and residential address. Answer a few questions about your employment status and trading experience. Afterward, you will receive an email with a link to a third-party video identification service. Through the webcam, you'll be required to show your face and present identification documents, such as a driver's license, national ID card, or passport, to an operator. Finally, confirm your address by submitting utility statements like bank statements, electricity bills, or internet bills.
Safety
CMC Markets is subject to regulation by multiple financial authorities worldwide, ensuring a high level of oversight. It is listed on the London Stock Exchange, which enhances transparency and accountability. For clients in the UK and EU, CMC Markets provides negative balance protection, safeguarding against losses that exceed the available funds in their accounts. CMC Markets is regulated by several esteemed financial authorities across the globe, including the Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Dubai Financial Services Authority (DFSA), Financial Markets Authority (FMA), Investment Industry Regulatory Organization of Canada (IIROC), and Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Established in 1989, CMC Markets is headquartered in England.
Risk Disclaimer
Trading securities carries a significant level of risk. When it comes to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is substantial exposure to various risks. These risks include, but are not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility. They can have a significant impact on the price or liquidity of a currency or related instrument. It is important to note that the methods, techniques, or indicators provided in these products may not necessarily yield profits, and there is a possibility of incurring losses. For more information on the risks associated with forex trading, please refer to further resources.
Summary
CMC Markets is a highly reputable CFD and forex broker, regulated by top-tier authorities, making it one of the industry's finest options.
Among its notable advantages, CMC Markets offers low forex fees and operates as a publicly listed company on the London Stock Exchange, ensuring enhanced transparency.
However, there are a few limitations to consider. The fees for Stock CFDs are relatively high, and the product range is limited to CFDs, excluding real stocks and ETFs with the exception of Australian clients.
Offers 330+ forex pairs with leverage on their award-winning spread bet and CFD platform
(77% of retail investor accounts lose money when trading CFDs with this provider)