An execution service in actual stocks, bonds and mutual funds is not available through this broker, however, and you should not consider CFDs suitable for long-term investment and income generation purposes. The broker’s proprietary trading platform also has a useful cmc markets review live chat feature for CFD accounts located when you log in under the Support, Live Help feature. The live chat service had a wait time of 8 minutes when tested for this review. The broker’s excellent and easy-to-use mobile app lets you manage your account and trade from anywhere.
CMC Markets is a leader in trading education, offering a wide range of materials, including articles, videos, podcasts, and webinars. Beginners can gain extensive insights into trading, and I especially appreciated the attention paid to technical analysis, fundamental analysis, and the psychology of trading. CMC Markets impresses with its wide and diverse array of more than 12,000 tradable and investing assets. Traders can choose from currency pairs, commodities, share CFDs, indices, cryptocurrencies, and treasuries. To conclude, the MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms in the world.
The Trustpilot Experience
CMC Markets is one of the best and fastest trading platforms available for active traders to speculate on the most popular markets. 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. 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.
There are 115+ technical indicators, 12 chart types, and pricing from 14 tier-one liquidity providers. CMC Markets ranks highly for us in terms of trading platforms, with both a proprietary web solution, Next Generation, and a leading third-party terminal, MetaTrader 4 (MT4). These accounts give traders access to over 3,500 instruments, with zero commissions and interest up to 2% on uninvested cash. In our opinion, Price+ offers excellent value for high-volume forex traders. Price+ is a loyalty scheme that rewards active traders through tiered-volume discounts.
- Ensuring the safety and security of client funds and personal information is a cornerstone of CMC Markets’ operations.
- Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.
- The Mobile Trading App features a modern and intuitive interface, real-time market data, customizable dashboards, and integrated trading tools that allow traders to execute trades swiftly and efficiently.
- In addition to its own platform, CMC Markets also supports MetaTrader 4 (MT4), one of the most popular trading platforms in the world.
It features competitive spreads that enhance the trading experience without the burden of additional transaction costs. Furthermore, the low minimum deposit requirement makes this account highly accessible, lowering the barrier to entry for new traders who may be hesitant to commit large sums of capital initially. This setup is ideal for those just beginning their trading journey, providing them with a supportive environment to develop their skills while managing their investment prudently. CMC Markets offers a variety of account types tailored to meet the diverse needs and preferences of its clients. Each account type is designed to provide specific features and benefits, ensuring that traders can select the option that best aligns with their trading style, experience level, and financial goals. CMC Markets provides its own proprietary trading platform, which is accessible via desktop and mobile devices.
This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. CMC Markets offers competitive fees and a huge range of resources to help forex traders make informed trading decisions. For more experienced traders, premium resources are available, tackling advanced strategies, technical analysis tutorials, advanced Opto podcast sessions and webinars.
CMC Markets provides access to the widely acclaimed Next Generation Platform and Web Platform, which are favored within the industry for their reliability and comprehensive range of features. Additionally, CMC Markets offers its proprietary trading platform, Mobile Trading App, designed to provide an intuitive and seamless trading experience across multiple devices. These platforms cater to a variety of trading styles and strategies, making them suitable for traders at all levels of expertise. The Mobile Trading App provides a user-friendly interface with real-time market data, customizable dashboards, and seamless integration with CMC Markets’ suite of trading tools. These platforms ensure that CMC Markets’ clients can trade effectively and efficiently, leveraging some of the best technology in the industry.
Research Tools
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot. I would like to make a commendation for Selin who helped me with the cmc app + uploading my British passport as I’m eager to open an ISA and the deadline is just a few days away.
Costs Overview
Key to CMC Markets’ commitment to safety is the stringent protection of client funds. CMC Markets employs segregated bank accounts, ensuring that client funds are kept separate from the company’s operating funds. This separation is critical in safeguarding traders’ capital, providing an additional layer of security by ensuring that client assets are not used for any other purpose than the intended trading activities. Additionally, CMC Markets participates in compensation schemes where applicable, offering traders an extra level of financial protection in the unlikely event of the broker facing financial difficulties. CMC Markets offers industry-leading spreads on assets like forex and CFDs on commodities and indices. Overnight financing costs are standard for the industry, and we found no hidden expenses that might surprise traders.
In addition to its own platform, CMC Markets also supports MetaTrader 4 (MT4), one of the most popular trading platforms in the world. This allows you to customize your trading environment with a variety of tools and expert advisors. The broker also provides access to a variety of leverage options, allowing traders to manage their risk according to their preferences. Spreads are competitive, which is especially beneficial for those who want to maximize their profits on every trade. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights.
The patterns recognized are mostly basic ones, such as triangles, wedges, and double tops/bottoms. The more sophisticated Head and Shoulders pattern can also be identified. Testing its many features was a breeze, and I assessed that the platform could be used to carry out comprehensive technical analysis.
I opened a CFD Account with the CMC Markets UK PLC entity and performed my tests using the Next Generation Platform and mobile app. Some of the features and services will vary depending on which jurisdiction you open an account in. I concluded that CMC Markets is suitable for traders with different experience levels and a variety of trading styles. 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.
- Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
- The desktop platform has been down a couple of times, but overall, a great broker.
- In terms of non-trading fees, the only one to note is an inactivity fee charged by the broker.
- The broker ensures that its customers have ready access to a range of informational materials at all times.
CMC Markets Available Currency Pairs
Traders also get access to features like client sentiment, pattern recognition, and the ability to choose the platform’s layout. 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. I use this spread betting company because they have the best user interface of all the others that I tried. The desktop platform has been down a couple of times, but overall, a great broker. They explain the scams that are prevalent today and what to expect as a customer.
Although Interactive Brokers (IBKR) is a strong competitor given its U.S. and international presence, CMC Markets’ ease of use and transparency are among the best on the market. The breadth of charting capabilities and the broad range of trading instruments will suit traders of all levels and even institutional investors. Costs vary by instrument and country and can be found on the FAQ pages and the trading costs page. The main costs overview includes spreads, stocks, ETFs, and CFDs, as well as overnight holding costs and market data fees. The Next Generation platform promises fast, 100%-automated executions with multiple order types. The company releases an annual execution summary which includes price, cost, speed, and likelihood of execution data.
Additionally, CMC Markets offers a dedicated blog and video library that provide regular market updates, trading tips, and insights into the latest financial trends. This commitment to education helps ensure that all clients have the tools and knowledge necessary to navigate the markets more effectively. At CMC Markets, traders enjoy access to an extensive selection of currency pairs, encompassing major pairs like EUR/USD and GBP/USD, as well as a wide range of minor and exotic pairs. This variety ensures that traders can find opportunities across different markets, regardless of their geographical or economic focus.
There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. Aside from the ordinary transaction fees, there are subscription fees for access to certain stock market data feeds and subscribing to the Stockbroking Pro platform of $49.00 per month.
The broker stands out for its flagship Next Generation trading platform, very competitive spreads, and the collection of over 12,000 tradable instruments. Additionally, CMC Markets offers top-notch research and educational resources. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The broker also offers its own proprietary trading platform known as the CFD Next Generation Platform. This trading platform provides a very user-friendly experience overall and is available as a web-based trading platform. This platform is available on desktop, and mobile but not as a webtrader platform with CMC.