CMC Markets Review 2019

CMC Markets is a world-leading online broker offering derivatives trading such as Contract for Difference, spread betting, and forex.

The company is based in the UK where it’s listed on the London Stock Exchange. Nonetheless, they have more than 10 international offices in Sydney, Singapore, and Stockholm, to mention a few.

The company was founded in 1989 under the name Currency Management Corporation (CMC) and have offered online forex trading since 1996, making CMC Markets one of the first online forex brokers.

Today, as mentioned, CMC Markets is one of the most established online brokers in the world, and in the following CMC Markets review, we share everything you have to know before opening an account with them.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Risk Warning:

Your capital will be at risk when using any of the recommended platforms in this article. Never invest money you can’t afford to lose. Using a high leverage can result in losses of capital.  65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Tested Trading Platforms

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

Who is CMC Markets?

With more than 10,000 assets and experiences that span over more than 30 years, it should come as no surprise that CMC Markets is one of the top online brokers in the world.

The company’s management, with Peter Cruddas (CEO, founder and the richest person in the City of London) at the top, has worked hard to establish CMC Markets as one of the most modern and efficient brokers in the world. A job that has paid off well.

By continuously working on optimizing and updating their products and platforms, CMC Markets offers one of the best intuitive trading platforms online.

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Can You Trust CMC Markets?

CMC Markets is not only a top broker but one of the most respected financial institutions based in the UK. Subsequently, there is no doubt that you can trust CMC Markets.

In terms of regulation, CMC Markets’ main license is issued by the Financial Conduct Authority (FCA), although they have several local licenses, for example:

In other words, this broker is overseen by the financial world’s most respected regulatory bodies and as a trader, you can rest assured that you and your funds are protected at all times.

CMC Markets Review: Pros and Cons

In the name of unbiased reviews, we want to offer you the most accurate insight into how CMC Markets operates. And, as with most things in life, there are pros and cons to using this broker.

Pros:

  • Large selection of assets available at your fingertips
  • Well-established and regulated
  • Great proprietary platform

Cons:

  • Not commission-free unlike many of their competitors
  • No copy trading features
  • Customer support is only through phone and email, no live chat
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Find the best trading platform. You capital is at risk when trading. Be careful.

Assets and Markets Offered By CMC Markets

CMC Markets provide access to a range of markets with a total of 10,000+ tradable assets. These assets are offered as speculative derivatives, meaning you don’t own the underlying security. This is done using Contract for Difference (CFDs) as well as spread betting (for UK customers).

There are many benefits to this. For example, CFDs allow you to maximize your positions using leverage and margins, it makes it easier to switch between long and short positions, and it provides the opportunity to trade securities that you couldn’t afford investing in otherwise.

Below, we’ve listed the markets offered by CMC Markets with examples of the assets you can buy.

Forex

CMC Markets was first launched as a forex broker and the foreign exchange market remains one of their main products.

As a trader, you’re able to trade 330 spot and forward forex pairs including majors, minors, and exotic pairs. In addition, CMC Markets has created its own exclusive forex indices which provides unique trading opportunities.

Better yet, CMC Markets has competitive forex spread, but more about that in a second.

Shares

By opening CMC Markets account, you’ll gain access to 9,400 international shares including more than 1,000 Exchange-traded funds.

The selection is broad with everything from major American and British stocks such as Apple, Amazon, and Tesco, to smaller locally exchange-listed companies from over 23 countries. Just note that, in addition to spread, CMC Markets charges a commission for share trading.

That being said, CMC Markets commission is lower than your average stockbroker.

Commodities

There are currently close to 30 commodities offered on the CMC Markets platform. These CFD commodities are divided into energies such as crude oil and natural gas, precious metals such as gold and silver, as well as food products such as cocoa, corn, and cattle.

Indices

CMC Markets offers 90 indices from all over the world. For example, Germany 30, UK 100, and US 30. The broker has also designed several exclusive indices that can only be found on the CMC Markets platform.

Cryptocurrencies

Over the past couple of years, CMC Markets has been optimizing their cryptocurrency product and today they offer 12 cryptocurrency products including Bitcoin, Ethereum, and Ripple.

The cryptocurrencies are provided as CFDs in pairs with USD, meaning your job is to predict whether the assets will increase or decrease in value compared to the US dollar.

Treasury Bonds

Lastly, CMC Markets has a selection of 50+ treasury CFDs, which is rather unusual in the industry.

Here you’ll find both forward and cash prices on mostly European and American bonds, but also Asian products such as the Japan JGB.

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Find the best trading platform. You capital is at risk when trading. Be careful.

CMC Markets: Trading Fees, Spread, and Commission

Similar to all online brokers, CMC Markets charges a spread for every position opened on their platform. A spread is the difference between the ask and bid price and it is how all online brokers make a profit.

In addition to that, CMC Markets charges a commission for stocks and ETFs which, as mentioned, is something most CFD brokers don’t.

With that said, CMC Markets fees are kept at a very minimum and even though they charge a commission for certain products, their overall price point is highly competitive.

In other words, trading with CMC Markets is not more expensive than trading with other brokers and, in many cases, it can actually be cheaper to use CMC Markets than some of their competitors.

Moreover, you’ll be charged overnight fees as well as certain inactivity fees, but that is also considered an industry-standard.

CFD Rebates

Another thing that sets CMC Markets apart from their competitors is that they offer rebates to customers with high trading volumes. The rebate system is divided into three tires based on trading volume, ie. the more you spend, the more you can save.

This is a unique system that provides extra value for serious traders and is one of the main reasons why so many professional day traders prefer CMC Markets over their competitors.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Using CMC Markets on a Desktop

The most exciting reason to start trading with CMC Markets is their platforms, which are available both on desktop (through web-based software) as well as mobile devices (iOS and Android).

  • Next Generation

Next Generation is the name of this broker’s proprietary platform and de facto their main trading tool.

It’s an intuitive platform that’s available online meaning you don’t have to download any software to start using it. The software is highly intuitive and can be adjusted to fit your exact needs, regardless of your previous experience and trading skill.

The platform features 12 different charts, hundreds of drawing tools and technical indicators as well as every feature you need to perform accurate technical analysis on every asset offered. Moreover, CMC Markets provides real-time market prices and their team of analysts offer regular market updates and predictions.

In case you want to protect yourself from unnecessary loss, we suggest you use the Guaranteed Stop-loss – an amazing feature that, for a small charge, can be applied to any position.

  • MetaTrader 4 (MT4)

In addition to their in-house designed platform, CMC Markets offers the world-renowned MetaTrader 4 by MetaQuotes. It’s a great platform that’s also available as web-based and mobile platform and that gives you all the tools you need to trade forex and CFDs efficiently. One of the main features of the MT4 is Expert Advisor – an awarded trading robot that can be used for automatic trading.

Many of the world’s leading brokers rely on the MetaTrader 4 and it works the same way with CMC as it does with other brokers. Just note that the MT4 is mainly for forex trading and that the selection of CFDs available on the platform is limited.

Therefore, if you want access to CMC Markets’ complete selection of asset, you should opt for the Next Generation platform.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Mobile Trading with CMC Markets

If you want to option of trading on the go and to always have access to your open positions and the latest market conditions, you can use CMC Markets’ mobile trading platforms.

Both Next Generation and the MetaTrader 4 are available as trading apps that can be downloaded to iOS (iPhone, iPad) and Android devices from the respective app store.

There are many benefits to using a mobile trading platform. Since it gives you access to more than 10,000+ markets wherever you are, it’s a great way to improve your trading advantage.

That being said, both the MT4 and the Next Generation apps are somewhat limited functionality compared to their desktop counterparts. For example, the Next Generation app provides 35 technical indicators and tools compared to the 100+ offered through the web-based version.

Nevertheless, CMC Markets’ trading app should be a part of every trader’s arsenal, at least for the purpose of never losing an opportunity just because you weren’t home at the time the said opportunity presented itself.

Start Trading with CMC Markets

By now, you should understand that there are many good reasons as to why we don’t hesitate to recommend CMC Markets to our readers. And if you’re interested in opening an account, you can follow these instructions.

The first step is to register your account by visiting CMC Markets, choosing which platform you want to use and push the “Create Account” button in the top right corner. Then you provide CMC Markets with the information they need, for example, name, email address, phone number, etc.

The next step involves verifying your identity. You do this by sending a photocopy of your ID (passport, driver’s license) as well as proof of address (utility bill or bank statement). It is then up to CMC Markets’ team to double-check your identity before they approve the account. In certain countries, including Sweden, customers can verify their identity using local services such as Bank-ID.

Please note that this process rarely takes more than a few hours. However, there is a possibility that it can take longer, especially if the team requires more information from you. Because of this, we always recommend that you start the process as soon as possible so that you don’t lose out on trading opportunities.

When the account has been created and your identity is verified, you’re ready to make your initial deposit and start trading. Unlike many brokers, CMC Markets has no minimum deposit limit meaning you can deposit as much or as little as you feel comfortable with.

At this point, we want to remind you that you should never deposit or trade for money you can’t afford to lose. And that is why it’s always recommended to make a strict budget that you always stick with.

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Find the best trading platform. You capital is at risk when trading. Be careful.

Demo Account

For people who have never traded before or that want to test CMC Markets before signing up, there is a free demo account. The demo account is a copy of the regular trading account with the difference that you use virtual money to trade.

That means that you don’t run the risk of losing anything, which, in turn, means you can practice and test the platform in a relaxed setting.

Even after you’ve registered and deposited funds to your regular trading account, the CMC Markets demo account is a great tool to use for practice and strategy development.

Final Words on CMC Markets

In this CMC Markets review, we’ve outlined everything you need to know about this top tier forex and CFD broker so that you can feel comfortable using their services for your benefit.

Besides the fact that CMC Markets has been around for 30 years, they are fully regulated and licensed, meaning they’re safe to use. The broker also provides access to more than 10,000 assets, meaning there is something here to trade for everyone.

To sum this review up, we want to mention the fact that CMC Markets has one of the most extensive resources of trading information and educational material on the market. From videos and detailed guides covering everything you need know to regular market updates and news – this broker has everything you need.

So, if you’ve never traded before we recommend you set up an account and dive right into the material aimed at beginners, while more experienced traders can use the more advanced material to enhance and streamline your strategies.

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Find the best trading platform. You capital is at risk when trading. Be careful.

COMMENTS

WORDPRESS: 970
Between 73-89% of retail investor accounts lose money when trading CFDs.