CMC Markets offers traders thousands of spread betting and CFD instruments to trade across forex, indices, cryptocurrencies, commodities, shares, ETFs and treasuries, with traders able to create a diverse portfolio of trading opportunities.
Next Generation is CMC Markets’ online trading platform that provides a host of features to support your chart analysis, including multiple chart types, over 115 technical indicators and drawing tools, a pattern recognition feature and a chart forum community.
CMC Markets’ mobile trading apps are available for iPhone, iPad and Android devices, giving traders control over their accounts and trades, wherever they are. There is also a range of risk-management features to help you manage trading risk. For example, if you want 100% certainty that a trade will close at an exact price if it moves against you, CMC Markets offers guaranteed stop-loss orders (GSLOs) for a premium. The premium is refunded in full if the GSLO is not triggered.
As an FCA-regulated broker, CMC Markets complies with Client Assets (CASS) rules to ensure all client funds are protected. The Financial Services Compensation Scheme (FSCS) also protects eligible claimants up to £85,000.
To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, CMC Markets offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 173730), and Derivatives issuer licence in New Zealand, FSP No (FSP #41187). CMC Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. CMC Markets has been established since 1989 , and have a head office in UK .
Before we dive into some of the more detailed aspects of CMC Markets ’s spreads, fees, platforms and trading features, you may want to open CMC Markets ’s website in a new tab by clicking the button below in order to see the latest information directly from CMC Markets.
Open a demo account Visit CMC Markets
Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.
Like most brokers, CMC Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum spreads listed on CMC Markets’s website. The colour bars show how competitive CMC Markets' spreads are in comparison to other popular brokers featured on BrokerNotes.
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, CMC Markets 's
minimum spread for trading EUR/USD is 0.7 pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with CMC Markets vs. similar brokers.
If you were to buy one standard lot of EUR/USD (100k units) with CMC Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.5. Here’s a rough breakdown of the fees and how this compares against XTB & City Index .
| CMC Markets | XTB | City Index | |
|---|---|---|---|
| Spread from: | $ 7.00 | $ 2.00 | $ 5.00 |
| Typical overnight fee: | $ 2.50 | $ 7.94 | $ 20.60 |
| Commission: | 0 | 0 | 0 |
| Total cost of a 100k trade: | $ 9.5 | $ 9.94 | $ 25.6 |
| 0.44 more | $16.10 more | ||
| Visit CMC Markets | Visit XTB | Visit City Index |
All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider
CMC Markets offers over 9,277 different instruments to trade, including over 32 currency pairs. We’ve summarised all of the different types of instruments offered by CMC Markets below, along with the instruments offered by XTB and City Index for comparison.
| FX / Currencies | CMC Markets | XTB | City Index |
|---|---|---|---|
| # of forex pairs offered | 32 | 48 | 84 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | CMC Markets | XTB | City Index |
|---|---|---|---|
| # of commodities offered | 0 | 21 | 26 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | CMC Markets | XTB | City Index |
|---|---|---|---|
| # of Stocks offered | 9000 | 1606 | 4500 |
| UK Shares | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
| See CMC Markets's Instruments | See XTB's Instruments | See City Index's Instruments |
CMC Markets offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here
CMC Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See CMC Markets 's platforms 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider
With CMC Markets, the minimum and maximum trade requirements vary depending on the trader and the instrument.
As a market maker, CMC Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trades requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that CMC Markets offers its traders on the right.
CMC Markets support a wide range of languages including English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian.
CMC Markets has a BrokerNotes double AA support rating because CMC Markets offer over three languages email and phone support.
As CMC Markets is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore CMC Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with CMC Markets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.cmcmarkets.com on August 23, 2018.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
