Broker Review: CMC Markets

CMC Markets

Commissions & Fees

Offering of Investments

Customer Service

License & Regulation

Account Types

Platforms

Trader Tools

Mobile Trading

Education

Features

5/5
4.5/5
4.5/5
5/5
5/5
4.5/5
4.5/5
4.5/5
5/5
4.5/5

Name

Licensing and Regulation

UK Financial Conduct Authority (FCA)

Global Presence

CMC has a global reach, attracting clients from almost every region of the world, including Canada, Australia, the EU and East Asia.

Account Management - Minimum Deposit

There is currently no minimum deposit requirement when traders fund their accounts with credit/debit cards and bank transfers.

Investor Security

CMC is licensed and regulated by a variety of authorities around the world, giving traders one of the highest levels of protection. CMC works with international banks to provide segregated accounts and is covered by a comprehensive investor protection scheme. In the unlikely event of insolvency or bank failure, traders are protected up to a maximum of $100,000.

CMC Overview

CMC Markets has three decades of experience and was one of the early pioneers of online trading. The company enjoys a strong reputation as a leading CFD broker and is listed on the London Stock Exchange. Traders can choose from over 10,000 financial products and their trading is backed up by tight spreads, high tech trading tools and top quality account management and administration.

Trading Platforms

CMC Markets is one step ahead of the competition with its own Next Generation Platform (available in Advanced and Standard modes). NGP is an award winner and is regarded as being one of the world’s best trading platforms. Features include pattern recognition tools, advanced charts and module linking. Although highly sophisticated, the Next Generation Platform is accessible and user friendly.

Markets, Assets and Products

CMC Markets provides a full range of forex, indices, commodities, shares and treasuries, but is best known for its CFDs and spread betting. Traders have immediate access to over 10,000 products.

Trader Education

The education center at CMC Markets is superbly designed and potentially very effective. It covers every aspect of online trading and investing in a series of modules. There are additional resources in the form of webinars, e-books and videos. There are separate levels for beginners, intermediate and professional traders and all the learning is ‘hands on’ rather than theoretical.

Customer Service and Support

Traders at CMC Markets have 24/5 access to multilingual live support. The customer service staff is friendly, professional and well trained. Contact options include live chat, email, telephone or a face to face meeting in one of the broker’s offices.

Advanced Features

CMC Markets isn’t a broker that wastes too much time on gimmicks or special offers. The site is geared towards professional level trading and investment. There are however refer a friend bonuses and monthly rebates for traders.

At a Glance

PLUS: CMC Markets is one of the oldest and best-known online CFD brokers. It’s fully regulated, works closely with major banks and is listed on the London Stock Exchange. There is significant investment in new technology and also in customer service. Pricing is competitive and there are no unpleasant surprises in the form of fees and hidden charges.

MINUS: There have been some concerns about the Android app and fingerprint security. CMC says that it is addressing these issues and that they are minor glitches.