This is one of the most well-respected platforms in the industry and very well-known for high levels of customizability and its ease of use with an extensive number of charting tools and indicators available. CMC Markets’ proprietary platform combines integrated TradingView charts, advanced execution, client sentiment tracking, Morningstar research, and Reuters news. It’s designed for serious traders seeking precision, speed, and a user-friendly experience across desktop and mobile. CMC Markets maintains transparent and competitive fee structures across various asset classes.
These attract a commission from 0.1% with a $7 commission fee depending on the asset. On other CFD assets like indices, bonds, and commodities, the spread also stays competitive and generally starts from around 0.9 pips depending on the asset traded. This is a massive number of pairs including combinations of major, minor, and exotic FX currencies. The selection in this area is among the largest offered by any major broker. Third-party reviews highlight CMC Markets’ responsive customer service and reliable platforms, though some clients raise concerns about delays in transfers and occasional high fees. Overall, traders appreciate transparency and support, with mixed feedback on efficiency.
Is CMC Markets Regulated?
On the other hand, the lack of CFTC regulation means that CMC Markets cannot provide online trading services to clients based in the United States. CMCMarkets also offer competitive overnight financing rates, also known as rollover or swap rates. This is an additional cost or credit that is applied to or from the trading account depending on the direction of the trade and the interest rate differentials between the two currencies.
CMC Markets launches a share buyback ahead of potential investment and trading arm split
This time, they received licensure as a CFD broker and also introduced an online spread betting platform. This service became an industry disrupter by permitting users to place daily rolling bets. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.
CMC Markets had tighter pricing and because the platform had a dark background, and more flashing lights you felt like a real pro. Despite the fact that CMC’s heritage is in the FX markets, I could never really get the hang of those so I’d trade indices, and FTSE 100 shares (also, CMC only really did the main market stuff back then). CMC Markets’ research includes the latest news and analysis by some of the top names in finance such as Reuters and Morningstar.
CMC Markets Review
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. The 12,000 available instruments span CFDs, forex pairs, indices, commodities, shares, and ETFs. The deep “Learn” portal educates users on platform features and actionable trading strategies. With transparent pricing, reasonable spreads, direct trading from the chart, and a practice demo account, cmc markets review there’s a lot to like for forex and active traders.
- I find this quite easy compared to forex as stocks are based on fundamentals I understand.
- If you want to buy physical shares your only option with CMC Markets is to open an account with CMC Invest, which is their sister investment app for longer-term investing.
- CMC Markets does not provide extensive information about account types, but we found that the broker actually offers two main options, as shown below.
- CMC was one of the first forex brokers to invest heavily in technology and has always led the way in online trading platform innovation.
Commissions
CMC Markets offers nearly 12,000 CFDs, a large number of forex pairs, and access to international equity markets (such as Australia). CMC Markets also quotes its 158 currency pairs both ways (not just EUR/USD – but also the inverse USD/EUR quote). This unique feature doubles the number of CMC Markets’ available pairs – bringing the total up to 316 and helping CMC win our 2025 Annual Awards for #1 Most Currency Pairs.
Safe to hold your money.
However, once trading recommences, clients will be reimbursed for up to 3 months of these fees. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. CMC Markets’ educational offerings are a valuable asset, particularly for new traders looking to build a strong foundation and for experienced traders seeking to refine their strategies.
There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist.
Portfolio Analysis
CMC Markets only offers CFD trading, rolling spot forex and spread betting in the UK. You can invest in the long term and buy physical shares through CMC Invest in the UK (although in Australia CMC Markets does offer stockbroking). In addition, CMC Markets offers current news and updates from in-house analysts to support traders at all levels of expertise. The same is also available from inside either trading platform, Next Generation or Meta Trader4. So advanced traders may need to look elsewhere for the in depth training and knowledge base required to navigate more complex trading needs. To date, Next Generation gives you the option to use 115 drawing tools and technical indicators, 12 chart types, 70 chart patterns and access to real-time industry news and client sentiment data.
Read our full PayPal guide to learn more about using PayPal to fund your forex trading account. For example, the spread on the NZD/USD on CMC Markets’ standard account offering comes in at 1.5 pips, but drops to an all-in cost of 0.5 pips (after commissions) with the FX Active pricing. Another risk management tool that CMC Markets’ clients can use to protect their active positions includes guaranteed stop-loss orders (GSLOs). The guaranteed stop-loss order sets an absolute limit on your potential losses, while also minimizing the risk of slippage.
- However, since the brokerage does not offer any ECN/STP account types, it may not suit the needs of traders who seek institutional grade pricing and direct market access.
- Index trading fees range from a minimum spread of 1 for the UK 100 and the Australia 200 to a maximum of 5 for the US SPX 500.
- This is one of the reasons they are able to offer such tight pricing for clients.
- We found the search functions to be efficient, allowing you to quickly locate instruments and markets.
- The range of markets you can trade and information provided is excellent.
Competitive Pricing
However, credit and debit card deposits are typically processed immediately. The bank transfers may take up to 2-3 business days to be credited and processed. Withdrawals are processed within 1-2 business days and the time for the funds to be credited to the client’s account will depend on the method used. Withdrawals to credit and debit cards are typically processed within 3-5 business days, while bank transfers and e-wallet withdrawals can take up to 7 business days. It’s important to note that leverage ratios for specific instruments may vary depending on the jurisdiction of the trader.