Login To Our Platform CFD & FX trading

If you are trading on mobile, there is also a handy and light trading platform that you can download to trade, manage your account, and keep updated with the latest news. A proprietary stock trading platform is also available and is web-based. This platform is provided free of charge but there is an option to upgrade to a subscription model with additional features. Overnight fees are charged on all CFDs as they are at every other broker. These fees apply if you hold a CFD position open overnight and the rates vary depending on the asset and the market at that particular time.

This broker has been functioning for over 30 years as of 2022 and it is well-developed and updated according to market changes. It prioritizes its customers and provides several tools and instruments to give you the best trading experience. CMC Markets has made its website accessible and easy to use for beginners and professional traders who want to expand their businesses. This broker consists of various deposit and withdrawal options, easy account opening, and great tools with advanced research. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Avoid password reuse – reusing a password multiple times makes it less secure, as one breach compromises all the accounts with the same password. Use trusted mobile apps and lock your device when you’re not using it. The problem with some of these so-called “educational materials” from regulated scams is that they’re not in-depth, practical, or helpful. CMC Markets has existed more than three decades and established itself as an authority in forex trading. Before investing with any forex broker, you need to do your due diligence to avoid falling into a scam.

Review Methodology

Disclosure notes indicate that larger positions incur wider spreads but details are platform ­based, obscuring transparency. Legal disclosures also admit the two platforms can display different spreads for identical instruments. Margin and overnight holding costs are average to competitive. There are several trading platforms made available by the broker. This platform is available on desktop, and mobile but not as a webtrader platform with CMC.

• We compare brokers by calculating all the fees of a typical trade for selected products.
• This is a massive number of pairs including combinations of major, minor, and exotic FX currencies.
• Given all the features that have been included on this platform, maybe it’s asking for too much to include this as well, but this omission dropped them into the lower-ranking tier for this category.
• Our research team conducts thorough testing on a wide range of features, products, services, and tools .
• Therefore, this firm is controlled on the institutional-grade level.

Therefore, this firm is controlled on the institutional-grade level. This broker ensures its’ clients’ safety when it comes to funds and personal information. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

80% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

The CMC Markets mobile trading platform is user-friendly and well-structured. Similarly to the web trading platform, you can use both CMC Markets and MetaTrader 4 for mobile. CMC Markets has clear and transparent portfolio and fee reports.

Look and feel

CMC Markets offers secure two-step authentication for login, either via text messages or third-party OTP (one-time password) generator apps such as Google Authenticator. However, not all 10 may be available to you; clients from most countries can typically only choose from among two or three major currencies and their home currency . The account opening process is fully digital and there’s no minimum deposit. However, there is a £10 monthly fee after 12 months of inactivity, unless you hold no funds in your account. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

However, narrowed variability of financial instruments is compensated by the quality of the services, as all payments are done within one or two banking days. Margin rates start from 3.3% for Forex, 5% for indices and commodities, and 20% for shares and treasuries. For all fees, we also see inactivity fees, funding fees, and overnight swaps.

Author of this review

In fact, some of the worst scammers like 24Option also use world-class platforms like MT4. CMC Markets claims it complies with the FCA regulation in the UK and is registered by other financial regulatory companies in other countries, including Australia, Canada, Germany, and Singapore. Our team of experienced experts will guide you on how to recover the lost funds. They do not offer any auto-trading software, so if you want trading signals, look here. It goes against our guidelines to offer incentives for reviews.

It was initiated in the United Kingdom but has opened offices throughout the globe including France, Germany, Australia, and more, which makes it the world-leading provider of CFDs. CMC Markets competes with the best in the industry by offering forex and CFD traders a diverse selection of education in a variety of formats, including written articles, video updates, podcasts, and live webinars. In our 2023 Annual Awards, CMC Markets finished Best in Class in the Commissions and Fees category thanks to its consistently low spread offering, which is available for all customer segments and account types.

The extremely pricey commissions can be overlooked if you’re a high volume CFD trader looking for the best execution possible but when you trade small then CMC is too expensive to trade shares for you. Response and assistance from the support team is fast, knowledgable, and always professional while a detailed educational section also provides many additional answers and support for traders at all levels. 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.

We’re listed on the London Stock Exchange and headquartered in London, with several international offices in many of the world’s leading financial centres. This allows us to support over 86,000 clients worldwide, who altogether execute 68.4 million CFD and spread bet trades annually ( ). I sent the documents twice, only the second time they were approved.

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. The proprietary Next Generation trading platform for web, tablet, and mobile will please technically ­oriented clients wanting to upgrade from MetaTrader 4, which is also offered. However, navigation cmc markets review is not as intuitive as some other platforms, which may be a function of all the features that are packed into this interface. Cryptocurrency CFD trading and spread betting is seamless, requiring no special interface or exchange, but relatively high average spreads could reduce client interest. Even so, all account holders gain access to guaranteed stop losses , free bank wire withdrawals, and other useful features.

CMC Markets Available Assets

For example, we really liked that you can check historicalfinancing costs. To provide maximum accessibility, CMC Markets has provided web platforms, along with mobile and desktop versions. You can open the website on the web on any device whether it is a laptop or phone .

CMC Markets has clinched our Best in Class ranking for its research offering year after year, thanks to its diverse lineup of high-quality in-house and third-party market research and analysis. CMC Markets’ MetaTrader 4 offering has fewer tradeable symbols, but the addition of Beeks VPS as well as plugins from Autochartist and FX Blue in 2021 have greatly improved its offering. Competitive pricing is available for active traders – though the availability of discounts and rebate programs will depend on your country of residence . Also, if you feel that some things weren’t clear when it comes to the brokerage world, no worries.

In our experience, the customer support team is responsive and helpful, and able to resolve issues in a timely manner. In terms of the quality of its trading platform, CMC Markets offers a range of user-friendly and advanced https://forexbroker-listing.com/ platforms to suit different trading styles and levels of experience. Its proprietary platform, Next Generation, is highly rated by users for its fast execution speeds, customizable interface, and advanced charting tools.