cmc markets review

His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues. CMC Markets makes money by widening the bid/ask spreads offered to clients, commission and overnight funding and running a B-book. CMC was originally called Currency Management Corporation so its roots are deeply embedded in forex trading. Overall, CMC Market’s trading app is an excellent resource for active traders on the move.

Is CMC Markets trading app any good?

I think they can be a great choice for professional traders and do provide free demo accounts for anyone who is thinking about giving them a try but do not yet want to make any financial commitment. For costs, CMC Markets keep trading costs low by sourcing the best prices from liquidity providers. They also review fees from their equities and futures brokers to make sure they are not too high. CMC Markets speedily executes all trades except on rare occasions when orders are rejected. The absence of manual intervention also makes your order execution faster.

Does CMC Markets Offer Low Fees?

That said, the perks are great with spread discounts of up to 40%, priority customer service, interest on your account equity, and a subscription to the Financial Times. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

What is the inactivity fee for CMC Markets?

cmc markets review

The platform can be accessed via Android and iOS as well and there is even a web-based offering for this account type to ensure around the clock accessibility for users. Users from Australia gain access to stocks and other tradable assets from all over the world, including Canada, the US, the UK, and Japan. It also offers advanced trading support in the form of research from Morningstar. Additionally, the broker offers a host of tools designed to prepare users to thrive in fast-paced global financial markets. CMC Markets lets you trade on over 80 cash and forward global indices based on the FTSE 100 and more, with leverage, on an award-winning spread betting and CFD platform. Trade indices with tight spreads, lightning-fast execution and the highest-rated customer service in the industry.

  1. This speed is crucial for the platform’s automated trading feature, which uses Expert Advisors (EAs) to execute complex strategies quickly and with minimal manual input.
  2. For traders prioritizing risk management, CMC Markets’ capped leverage might actually be a benefit, encouraging a more cautious approach.
  3. You can request market data for pretty much anything you can think off and go very specific on what you want to trade.
  4. Also, insider David Fineberg bought 114 shares of the company’s stock in a transaction dated Tuesday, May 7th.

Despite the fact that CMC’s heritage is in the FX markets, I could never really get the hang of them so I’d trade indices, and FTSE 100 shares (but also because CMC only really did the main market stuff back then). The blog on the CMC Markets website is also frequently updated, with roughly five economic and market news stories posted per day. These stories range from in depth analysis of specific stocks, indices and sectors to forecasts of how upcoming economic data could impact the market. For clients in the UK an important difference between spread betting and CFD trading is how they are taxed. Spread betting is also only available to clients in the UK or Ireland, while CFDs are available worldwide. MetaTrader is a powerful platform with impressive features but the interface appears dated in comparison with the Next Generation Platform.

This made for a slightly frustrating experience during my hands-on tests of the CMC Markets platform. Opting for the ‘Buy’ or ‘Sell’ pricing to the right of the instrument name initiates the trade, prompting an order screen to appear. However, there aren’t actually any labels next to the buttons, so you’ll have to play around in demo so you don’t make any trading mistakes with real money. A GSLO can ultimately be a great way to protect against market volatility and slippage.

Recognise trend reversals, important price levels, and trading opportunities. There are over 30 overlays and 50 studies to choose from, including Bollinger Bands, SMAs, Ichimoku cloud, MACD, RSI, and many more. CMC Markets offers trading with low commission fees but I did not find the spreads to be the lowest as they start from 0.7 pips. There is a commission fee that is charged on shares trading starting from 2 cents or 0.10% per unit share. Step 11) Set up your view of the trading platform, and wait for your live account application to be approved. While waiting, you can trade with the automatic demo account created for you.

We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. CMC Markets is a CFD and Spread Betting broker founded in 1989 and based in the UK. The company is listed on the London Stock Exchange (LSE) under the ticker symbol CMCX. CMC Markets is overseen by multiple regulators worldwide, including FCA, ASIC, IIROC, and others. In my personal opinion this is the best order execution window out there for mobile platforms. I managed to squeeze in 2 charts, economic calendar, Reuter news, CMC insights and my execution block.

Set up automated notifications to be alerted of prospective trading opportunities and technical trade setups. This can be a great way to get inspiration for potential trade setups and save you from hours of studying the charts yourself. The charting package includes 12 chart types, including the popular line, OHLC, and candlestick charts, as well as more advanced charts like Kagi, line break, and Renko charts. All charts include a variety of drawing tools for drawing support and resistance levels, making notes on charts, and highlighting key price moves and patterns.

cmc markets review

I am therefore pleased to say that CMC Markets is regulated by several authorities globally, including what I would consider to be top-tier regulators. This gives me peace of mind that they can be trusted and will always operate in an open and transparent manner. To ensure the best experience, the broker is regulated by the Australian Securities and Investments Commission. Further, CMC Markets Stockbroking Limited is a participant of the ASX Group (Australian Securities Exchange), the SSX (Sydney Stock Exchange), and the Chi-X Australia Exchange.

When trading with CMC Markets, you’ll need to use their proprietary trading platform NGEN as MetaTrader (MT4) isn’t available for spread betting with this broker. In addition to forex trading, CMC Markets offers competitive spreads and commissions across a variety of CFD trading instruments. There are several training videos covering a variety of trading topics including fundamental analysis, technical indicators, forex and CFD trading, spread betting, etc. I like how these videos are grouped for beginners, intermediate and advanced traders. The pattern recognition is a tool inbuilt into the Next Generation trading platform. It scans the charts and recognises technical patterns such as triangles and wedges, etc.

CMC Markets is a longstanding broker with a rich operational history that operates under the FCA’s Client Money rules, mandating the segregation of client funds from the company’s own. You can find up-to-date news streams, economic calendars (with ‘market impact’ meters), and analysis from reputable sources including Reuters, Morningstar and Thomson Reuters. However, compared to the CMC Markets mobile app, my personal view is that MT4 feels more outdated, with a less modern design but a similar bottom menu to switch between windows. This CMC Markets review will unpack the ratings we’ve given the broker following our first-hand experience testing the platform. Find out where CMC Markets stands out and where it falls short of alternatives. CMC Markets offers CFD trading in the world’s top cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dash, EOS, Monero, Stellar, Cardano, Neo and Tron.

CMC Markets offers educational resources for novice to advanced traders. The learning and innovation process never ends, with new and more advanced strategies and techniques being devised in response to ever-changing market conditions. Clients also have additional asset protection through the Financial Services Compensation Scheme (FSCS), up to £85,000, but no layers of private insurance, which is an omission, given CMC’s large industry footprint. Negative balance protection is now mandated under ESMA rules that went into effect in 2018.