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Overall, CMC Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. It is regulated by five tier-1 regulators (high trust) and one tier-2 regulator (average trust). It has a trust score of 99 out of 100.
| 🔎 Broker | 🥇 CMC Markets |
| 📌 Year Founded | 1989 |
| 👤 Amount of staff | 800+ |
| 👥 Amount of active traders | 60,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️ Regulation | FCA, IIROC, ASIC, FMA, MAS |
| 🌎 Country of regulation | UK, Australia, Singapore, Canada |
| 🔁 Account Segregation | ✅Yes |
| ✔️ Negative balance protection | ✅Yes |
| ⭐ Investor Protection Schemes | FSCS (UK) CIPF (Canada) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 🪙 Minor account currencies | USD, EUR, GBP, AUD |
| 💰 Minimum Deposit | None |
| ⏰ Average deposit/withdrawal processing time | Variable |
| 💴 Fund Withdrawal Fee | No fees |
| 🔖 Spreads from | 0.7 pips on Forex |
| 💶 Commissions | No commission on Forex and most CFDs |
| 🏷️ Number of base currencies supported | 10+ |
| 💵 Swap Fees | ✅Yes |
| ↪️ Leverage | Up to 1:500 |
| ⏩ Margin requirements | Varies by asset and region |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | 0.1 seconds |
| 🖥️ VPS Hosting | ✅Yes |
| 📈 CFDs Total | 10,000+ |
| 📉 CFD Stock Indices | 100+ |
| 🍎 CFD Commodities | 20+ |
| 📊 CFD Shares | 9,000+ |
| 💹 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💱 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Next Generation, WebTrader |
| 🖱️ OS Compatibility | Windows, macOS, Android, iOS |
| ⚙️ Forex trading tools | Advanced charting, economic calendar, technical analysis tools, automated trading options |
| 🥰 Live chat availability | ✅Yes |
| 💌 Customer Support Email address | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⭐ Languages supported on Website | English, Spanish, German, French, Italian, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Video tutorials, articles, eBooks |
| 📒 Partnerships and Programs | ✅Yes |
| 📑 Affiliate program | ✅Yes |
| 🗃️ Amount of partners | Over 500 |
| 🗄️ IB Program | ✅Yes |
| 📇 Sponsor any notable events or teams | None |
| 🚩 Rebate program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMC Markets Review – Analysis of Brokers’ Main Features
- ☑️ Overview
- ☑️ Detailed Summary
- ☑️ Advantages over Competitors
- ☑️ Safety and Security
- ☑️ Minimum Deposits and Account Types
- ☑️ How to Open a CMC Markets Account
- ☑️ Trading Platforms
- ☑️ Fees, Spreads, and Commission
- ☑️ Deposit and Withdrawal
- ☑️ Affiliate Program
- ☑️ Customer Reviews
- ☑️ Pros and Cons
- ☑️ Conclusion
- ☑️ Frequently Asked Questions
Overview
CMC Markets, founded in 1989, is a leading online trading platform regulated by multiple authorities including the FCA, IIROC, ASIC, FMA, and MAS. With a staff of over 800 and more than 60,000 active traders, it has established a strong reputation in the financial markets. The broker is publicly traded and offers a wide range of trading instruments, including over 10,000 CFDs across various asset classes.
CMC Markets provides competitive trading conditions, including spreads starting from 0.7 pips on Forex, no commission on most CFDs, and leverage of up to 1:500. Its robust trading platforms—MetaTrader 4, MetaTrader 5, and its proprietary Next Generation platform—are accessible across various devices, ensuring flexibility for traders.
Frequently Asked Questions
What customer support options are available?
CMC Markets offers live chat, email support, and phone support.
Does CMC Markets provide educational resources?
Yes, it offers video tutorials, articles, eBooks, and webinars.
Can I trade on mobile devices?
Yes, CMC Markets’ platforms are compatible with Android and iOS.
What types of accounts does CMC Markets offer?
CMC Markets offers institutional accounts, but not managed or micro-accounts.
Our Verdict
CMC Markets is regulated by several top-tier authorities, providing a high level of security for traders. With over 10,000 CFDs available, traders can diversify their portfolios across multiple asset classes.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Detailed Summary
| 🔎 Broker | 🥇 CMC Markets |
| 📌 Year Founded | 1989 |
| 👤 Amount of staff | 800+ |
| 👥 Amount of active traders | 60,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️ Regulation | FCA, IIROC, ASIC, FMA, MAS |
| 🌎 Country of regulation | UK, Australia, Singapore, Canada |
| 🔁 Account Segregation | ✅Yes |
| ✔️ Negative balance protection | ✅Yes |
| ⭐ Investor Protection Schemes | FSCS (UK) CIPF (Canada) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 🪙 Minor account currencies | USD, EUR, GBP, AUD |
| 💰 Minimum Deposit | None |
| ⏰ Average deposit/withdrawal processing time | Variable |
| 💴 Fund Withdrawal Fee | No fees |
| 🔖 Spreads from | 0.7 pips on Forex |
| 💶 Commissions | No commission on Forex and most CFDs |
| 🏷️ Number of base currencies supported | 10+ |
| 💵 Swap Fees | ✅Yes |
| ↪️ Leverage | Up to 1:500 |
| ⏩ Margin requirements | Varies by asset and region |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | 0.1 seconds |
| 🖥️ VPS Hosting | ✅Yes |
| 📈 CFDs Total | 10,000+ |
| 📉 CFD Stock Indices | 100+ |
| 🍎 CFD Commodities | 20+ |
| 📊 CFD Shares | 9,000+ |
| 💹 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💱 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Next Generation, WebTrader |
| 🖱️ OS Compatibility | Windows, macOS, Android, iOS |
| ⚙️ Forex trading tools | Advanced charting, economic calendar, technical analysis tools, automated trading options |
| 🥰 Live chat availability | ✅Yes |
| 💌 Customer Support Email address | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⭐ Languages supported on Website | English, Spanish, German, French, Italian, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Video tutorials, articles, eBooks |
| 📒 Partnerships and Programs | ✅Yes |
| 📑 Affiliate program | ✅Yes |
| 🗃️ Amount of partners | Over 500 |
| 🗄️ IB Program | ✅Yes |
| 📇 Sponsor any notable events or teams | None |
| 🚩 Rebate program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Frequently Asked Questions
Are there any partnership programs available?
Yes, CMC Markets has an affiliate program and partnerships with over 500 entities.
Is there an Islamic account option?
Yes, CMC Markets offers Islamic accounts.
How fast is order execution?
The average order execution time is 0.1 seconds.
Can I use automated trading options?
Yes, the platforms support automated trading.
Our Verdict
The platforms offered are intuitive and accessible, catering to both novice and experienced traders. CMC Markets offers extensive resources to help traders improve their skills and knowledge.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Advantages over Competitors
CMC Markets distinguishes itself from competitors through its robust regulatory framework, being overseen by multiple top-tier authorities like the FCA and ASIC. This regulatory oversight instills a high level of trust and security among traders.
Additionally, the platform offers a zero minimum deposit requirement, making it accessible for traders of all levels. CMC Markets boasts a vast range of over 10,000 CFDs across various asset classes, enabling effective portfolio diversification. Their advanced trading tools, such as automated trading options and comprehensive charting capabilities, enhance the trading experience.
Furthermore, CMC Markets provides extensive educational resources, including webinars and tutorials, ensuring traders are well-equipped to succeed.
Frequently Asked Questions
Is CMC Markets publicly traded?
Yes, CMC Markets is a publicly traded company.
What types of CFDs are available?
CMC Markets offers a variety of CFDs including shares, indices, commodities, and Forex.
Is there a rebate program?
Yes, CMC Markets has a rebate program.
How many active traders do CMC Markets have?
CMC Markets has over 60,000 active traders.
Our Verdict
CMC Markets is an outstanding choice for both novice and experienced traders, thanks to its strong regulatory backing, a vast range of trading instruments, and commitment to trader education. The platform’s user-friendly interface, advanced trading tools, and absence of withdrawal fees further enhance its appeal.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Safety and Security
CMC Markets prioritizes client safety through strict regulatory compliance and sound money management. In the UK, retail client funds are held in segregated accounts with reputable banks like NatWest, Barclays, and Lloyds, ensuring separation from the firm’s funds as per FCA rules.
Daily reconciliations and monthly Client Money Asset Returns (CMAR) ensure accurate tracking, while independent audits by PricewaterhouseCoopers uphold regulatory standards. In the unlikely event of liquidation, clients can expect their share of segregated funds returned, minus administrative costs.
Eligible clients are also protected by the Financial Services Compensation Scheme (FSCS), which offers up to £85,000 in compensation for firm insolvency or bank failure.
Frequently Asked Questions
How does CMC Markets ensure the safety of my funds?
CMC Markets holds retail client funds in segregated accounts with major banks, ensuring they are separate from the company’s funds and compliant with FCA regulations.
What happens to my money if CMC Markets goes into liquidation?
If CMC Markets goes into liquidation, clients will have their share of segregated funds returned, minus the costs incurred by the administrator in distributing those funds.
What is the Financial Services Compensation Scheme (FSCS)?
The FSCS is a safety net for eligible clients of authorized firms, offering compensation of up to £85,000 if a firm ceases trading with a deficit in their segregated client money.
How are my funds managed in the event of a bank liquidation?
In the event of a bank liquidation, losses would be shared among clients in proportion to the funds held with the failed bank.
Our Verdict
CMC Markets demonstrates a strong commitment to client fund protection through rigorous segregation practices and regulatory compliance. With reputable banks handling client funds and the added layer of the FSCS for compensation, traders can feel confident about the safety of their investments.
This robust framework positions CMC Markets as a trustworthy option in the online trading landscape, prioritizing client security above all else.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposits and Account Types
CMC Markets offers a range of account types tailored to various trading preferences, with no minimum deposit required to open an account. Traders can choose from spread betting, CFD trading, and FX Active accounts. Each account type provides access to over 12,000 instruments, including Forex pairs, indices, commodities, and shares.
Spread Betting: A tax-efficient way to speculate on price movements without incurring capital gains tax. Traders can go long or short on various instruments using the CMC web platform or mobile apps.
CFD Trading: Similar to spread betting but focused on underlying assets, offering no stamp duty on profits.
FX Active: A commission-based account designed for Forex traders, offering spreads from 0.0 pips on major pairs and a 25% spread discount on other pairs.
With such diverse options, CMC Markets caters to a wide range of trading strategies and goals, making it an appealing choice for traders at all levels.
Frequently Asked Questions
Is there a minimum deposit to open an account with CMC Markets?
No, there is no minimum deposit requirement to open any account type.
What types of accounts does CMC Markets offer?
CMC Markets offers spread betting, CFD trading, and FX Active accounts.
Can I trade on mobile with CMC Markets?
Yes, CMC Markets provides mobile trading apps for both iOS and Android.
What instruments can I trade with CMC Markets?
You can trade over 12,000 instruments, including Forex, indices, commodities, and shares.
Our Verdict
CMC Markets provides flexible account options with no minimum deposit, making it accessible for all traders. The diverse account types cater to different trading styles, ensuring a comprehensive trading experience.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
How to Open a CMC Markets Account
1. Step 1: Start the Process:
Click the blue “Create Account” button at the top right of the CMC Markets webpage.
2. Step 2: Select Region:
Choose your country of residence to proceed with registration.
3. Step 3: Create Password and Select Option:
Create a unique password and choose your preferred trading option.
4. Step 4: Email Verification:
Check your email for a verification code and enter it to create a Demo account. You can then decide to continue with live account registration.
5. Step 5: Live Account Registration:
Complete general information, including account type and base currency.
6. Step 6: Personal Details:
Fill in personal information such as date of birth, nationality, and tax status.
7. Step 7: Address and Employment Details:
Provide your address, including city and postcode, followed by employment information.
8. Step 8: Financial Background and Knowledge:
Complete a section about your financial background and provide details on your market knowledge and experience.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms
CMC Markets offers its clients one of the leading platforms in the market—MetaTrader 4 (MT4). Known for its advanced capabilities, MT4 provides users with a wide range of market indicators, enhancing their trading strategies and decision-making processes.
The platform is designed to accommodate both novice and experienced traders, offering intuitive features and robust tools for comprehensive market analysis.
Frequently Asked Questions
What are the main features of MetaTrader 4?
MT4 includes advanced charting tools, technical analysis indicators, automated trading options, and customizable interface settings.
Can I use MetaTrader 4 on mobile devices?
Yes, MT4 is available as a mobile app, allowing you to trade and manage your account on the go.
Is there a cost to use MetaTrader 4?
No, MT4 is free to use for all CMC Markets clients, with no additional fees for accessing the platform.
Does CMC Markets provide support for MetaTrader 4?
Yes, CMC Markets offers dedicated customer support for MT4 users, including tutorials and resources to help you maximize the platform’s features.
Our Verdict
MetaTrader 4 stands out as a powerful trading platform offered by CMC Markets, providing traders with essential tools and features to enhance their trading experience. With its user-friendly interface and extensive market indicators, MT4 is a solid choice for both beginner and advanced traders looking to navigate the financial markets effectively.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Fees, Spreads, and Commission
CMC Markets offers a range of account types tailored to various trading preferences, with no minimum deposit required to open an account. Traders can choose from spread betting, CFD trading, and FX Active accounts. Each account type provides access to over 12,000 instruments, including Forex pairs, indices, commodities, and shares.
Spread Betting: A tax-efficient way to speculate on price movements without incurring capital gains tax. Traders can go long or short on various instruments using the CMC web platform or mobile apps.
CFD Trading: Similar to spread betting but focused on underlying assets, offering no stamp duty on profits.
FX Active: A commission-based account designed for Forex traders, offering spreads from 0.0 pips on major pairs and a 25% spread discount on other pairs.
With such diverse options, CMC Markets caters to a wide range of trading strategies and goals, making it an appealing choice for traders at all levels. Ultimately, their flexibility and comprehensive offerings empower traders to customize their experience to best fit their individual needs.
Frequently Asked Questions
What are the spreads offered by CMC Markets?
Spreads start from 0.0 pips on Forex for FX Active accounts.
Are there any commissions for trading?
There are no commissions for spread betting and CFD trading, but commissions apply to shares in CFD and FX Active accounts.
What happens if my account is inactive?
An inactivity fee of £10 is charged monthly after one year of no trading activity, except for accounts with zero funds.
Are there holding costs for trades?
Yes, holding costs apply for positions held overnight across all account types.
Our Verdict
CMC Markets offers a competitive fee structure with no commissions on most trades, making it cost-effective for traders. The transparent pricing, combined with low spreads and a clear policy on inactivity fees, enhances the overall trading experience.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal
CMC Markets offers its clients a large selection of trusted deposit and withdrawal methods. Clients can choose from various options, including Credit/Debit Cards, Bank Transfers, PayPal, cash, and cheques. This variety ensures that clients can easily fund their accounts and withdraw their earnings with convenience and security.
Frequently Asked Questions
What deposit methods are available with CMC Markets?
Clients can deposit funds using Credit/Debit Cards, Bank Transfers, PayPal, cash, and cheques.
Are there any fees for deposits or withdrawals?
CMC Markets does not charge fees for deposits or withdrawals, making it cost-effective for clients.
How long does it take for deposits to be processed?
Deposits are typically processed instantly for online methods like Credit/Debit Cards and PayPal, while bank transfers may take a few business days.
Can I withdraw funds using the same method I used to deposit?
Yes, withdrawals are generally processed using the same method as the deposit, ensuring a seamless experience.
Our Verdict
With a diverse range of trusted deposit and withdrawal options, CMC Markets makes it easy and convenient for clients to manage their funds. This flexibility, combined with the absence of fees for transactions, enhances the overall trading experience, making CMC Markets a user-friendly choice for traders.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Affiliate Program
CMC Markets offers an affiliate program that allows traders to refer their contacts to one of the industry’s pioneering companies. Participants can earn a commission once their referred clients start trading, making it an attractive opportunity for those looking to monetize their network.
Frequently Asked Questions
How does the affiliate program work?
Traders refer potential clients to CMC Markets, and they earn a commission based on the trading activity of those clients.
What are the commission rates for affiliates?
Commission rates vary based on the type of account and trading volume generated by referred clients, providing potential for significant earnings.
Is there a minimum number of referrals required to join?
There is no minimum requirement to join the affiliate program; anyone can participate and start earning commissions.
What support does CMC Markets provide to affiliates?
Affiliates receive marketing materials, dedicated support, and access to performance-tracking tools to help optimize their referrals.
Our Verdict
The CMC Markets affiliate program presents a lucrative opportunity for traders to leverage their networks while promoting a reputable trading platform. With competitive commission rates and robust support, it’s an appealing option for those looking to enhance their income through referrals.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Customer Reviews
🥇 Excellent!
I’ve been trading with CMC Markets for over a year now, and I couldn’t be happier. The MetaTrader 4 platform is incredibly user-friendly, and the range of available instruments is impressive. I’ve had quick access to customer support whenever I needed it, which enhances my trading experience. – Jackson
🥈 Very Happy.
CMC Markets stands out for its transparent pricing and no hidden fees. The deposit and withdrawal options are convenient, and I appreciate the fast processing times. Knowing my funds are protected by the FSCS gives me peace of mind as I trade. – Justin
🥉 Great Company.
As an affiliate, I’ve found CMC Markets’ program to be very rewarding. The commission structure is competitive, and the support I receive from the team is excellent. It’s easy to promote a platform that I trust and believe in, especially with such a strong reputation in the industry. – John
Pros and Cons
| ✅ Pros | ❌ Cons |
| Wide Range of Deposit Options | Potential Withdrawal Fees |
| Fast Withdrawal Processing | Currency Conversion Costs |
| No Deposit Fees | Limited Cryptocurrency Support |
| Regulated Broker | Minimum Withdrawal Amount may Apply |
| Comprehensive Trading Platforms | Limited educational resources when compared |
Conclusion
CMC Markets stands out as a reliable and comprehensive trading platform suitable for both beginner and experienced traders. With its strong regulatory framework, extensive educational resources, and a variety of trading tools, it equips traders with the necessary tools to succeed in the markets. The absence of minimum deposit requirements and withdrawal fees further enhances its appeal.
As a well-established broker with a long history and commitment to customer support, CMC Markets is a solid choice for anyone looking to engage in online trading.
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Frequently Asked Questions
What is the minimum deposit required to open an account with CMC Markets?
There is no minimum deposit required.
Which regulatory bodies oversee CMC Markets?
CMC Markets is regulated by the FCA (UK), IIROC (Canada), ASIC (Australia), FMA (New Zealand), and MAS (Singapore).
What trading platforms does CMC Markets offer?
The broker offers MetaTrader 4, MetaTrader 5, Next Generation, and WebTrader.
Is there a demo account available?
Yes, CMC Markets provides a demo account for practice trading.
What are the spreads on Forex trading?
Spreads start from 0.7 pips on Forex.
Does CMC Markets charge fees for withdrawals?
No, there are no fees for withdrawals.
What leverage options does CMC Markets offer?
Leverage can go up to 1:500 depending on the asset and region.
Is CMC Markets suitable for beginners?
Yes, it offers educational resources, webinars, and a demo account, making it suitable for beginners.
What currencies can I use for my trading account?
CMC Markets supports over 10 base currencies including USD, EUR, GBP, and AUD.
Are there swap fees on trades?
Yes, swap fees apply depending on the position held overnight.
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