CMC Markets Review 2024: Read Before You Trade

cmc markets reviews

Outside of the help provided, useful risk management tools and exceptional order execution round out a feature-rich experience that places the brand well above the competition. Overall, the user experience provided by CMC Markets is excellent. The broker ensures that its customers have ready access to a range of informational materials at all times. Finally, the customer service team is also prompt and provides quick resolution for all queries. The second platform for CFD Accounts is the industry-standard MetaTrader 4.

So many issues with this platform.

This platform is highly intuitive and can be customized to a great extent. This award-winning platform comes with advanced features such as comprehensive analysis tools, the latest news and updates, as well as advanced technical indicators. CMC Markets offers a competitive pricing schedule that varies based on the client’s trading preferences, account type, and asset class. Spreads are fairly tight across the board and start from 0.3 pips for foreign exchange pairs which rank as very affordable for the industry.

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cmc markets reviews

CMC Invest is available via mobile on a stand-alone basis with commission-free trading across all account types. There was once I contacted customer service but the agent was slow in responding as it’s late at night. Also, the agent does not seem to be able to comprehend what I was referring to. Another situation, recently, I send in a feedback that cmc markets review how come CMC does not offer crypto trading on weekend & the response I get from customer service is that it is due to ‘Good Friday’. But true of the matter, is that there is no crypto trading as long as it’s a weekend on CMC platform. Agents seems poor in knowledge and importantly, don’t even login to the platform and understand the products at all.

Tradable Instruments

The same is true for withdrawals where the same methods are also accessible. In all, the broker has an extremely strong reputation over its more than 30 years in the industry and this stands to its benefit in terms of attracting new and experienced traders and their trust. The website works extremely well, fast and with a huge range of securities to trade.But…

Account Types and Terms

This really is an impressive selection and up there with the very best brokers. For comparison, industry leaders IG have around 17,000 and FP Markets have a great selection of over 10,000 instruments respectively. Founded in 1989 in the United Kingdom (UK), the broker is listed on the London Stock Exchange (LSE) with the ticker symbol CMCX.

  1. This method of execution makes the broker a ‘market maker’, which does not connect a trader to a liquidity pool provider.
  2. Overall, educational resources are impressive but the lack of a search function makes it harder to find less popular topics and leaves one with the impression that this section is poorly organized.
  3. CMC Markets comes highly recommended for advanced traders who wish to gain access to a wide range of tradable assets via its market-making approach.
  4. Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded.

Like most CFD brokers, they do not accept clients from the United States or from FATF (Financial Action Task Force) blacklisted countries North Korea and Iran. These ranged from the basic, for example, ‘are funds segregated? ’ to more unusual inquiries such as ‘does CMC Markets offer VWAP? Overall we received a good quality of response in a timely fashion.

What fees does CMC Markets charge?

cmc markets reviews

If you prefer a broker that offers crypto funding, you might want to check out Hugo’s Way. The customer desk is available 24hrs a day from 9pm Sunday to 10pm Friday. The available communication channels are telephone, email and instant web chat. If you generally only get time to talk to customer support on weekends, EXANTE might be a better broker option for you. The broker is also available on social media; Facebook, Twitter, LinkedIn and YouTube.

Select one or more of these brokers to compare against CMC Markets. Read our full explanation and accounting of our research and testing process to learn more about how we test. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

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. It’s also a little tough to see the value in some of the little features you have without heavy tweaking (since they are really nice features). Also including an RSI Divergence indicator would be great (but not necessary). CMC Markets offers multiple trading platform options to its users depending on the account type. CFD Account holders can use its proprietary platform known as Next Generation.

This cost is refunded In the event that the GSLO is not triggered. 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. Yes, CMC Markets is an excellent broker that ranks at the top of nearly every key category of importance.

For CFD Account holders, there are minimum commissions for share trading which vary based on where the share is listed geographically. Established in 1989, CMC Markets offers a great selection of over 10,000 trading instruments on sophisticated and versatile trading platforms. They also provide comprehensive analysis, trading tools and educational materials. https://forexbroker-listing.com/ CMC Markets offers industry leading spreads in assets ranging from forex to CFDs on commodities and indices. Overnight financing costs are standard for the industry and we found no hidden expenses that might surprise traders. Even so, all account holders gain access to guaranteed stop losses (GSLO), free bank wire withdrawals, and other useful features.

As an online forex and CFD broker, CMC Markets goes above and beyond to offer a rich trading experience. Its trading costs, platforms, ease of use, education, mobile apps, research, range of markets, and trading tools are all exceptional. This regulated online broker offers 11,000+ contracts-for-difference (CFD) and spread betting instruments for both retail and professional traders. CMC Markets specializes in CFD trading, which means that you buy and sell contracts that have their prices determined by their underlying markets and avoid trading directly in the assets themselves. CMC Markets comes highly recommended for advanced traders who wish to gain access to a wide range of tradable assets via its market-making approach.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The iPad trading app combines the iPad technology and larger screen with CMC Markets’ Next Generation trading platform’s key features. The app for iPad features customizable layouts and advanced trading tools. All 3 mobile apps are loaded with helpful features traders can use while on the go. The iPhone and Android apps were designed with the active CFD trader in mind. They both feature live streaming prices and charts, pending order execution alerts, a Reuters news feed and CMC Markets’ client sentiment indicator.

Holding costs can also be gained as profits if you are holding a short(sell) position. Any holding costs you have paid to hold a position will be added to your profit or loss at the time you close the trade. Swap fees are usually based on an interbank rate and a percentage of the trade value.

Standard account holders get Dow Jones news feeds, while Pro CMC Invest account holders get access to a built-in Reuters feed. The same goes for analytics tools like sector analysis, trading central notifications, floats listing, and IPO application pages — you don’t get these with the Pro platform. If you’re trading from elsewhere, head over to cmcmarkets.com and see what fees apply for your locality. In 2022, CMC Markets launched an incentive account, the Alpha account. It’s for traders with a higher than average balance who do not yet meet professional account requirements.

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