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CMC Markets review and ratings

Established 1989
Location Australia New Zealand Canada UK Singapore
Regulation FCA, ASIC, FMA, MAS, IIROC
Offices Sydney, Auckland, London, Wien, Toronto, Paris, Madrid, Frankfurt, Dublin, Milano, Stockholm, Oslo, Warszawa, Singapore
Broker type STP | ECN
Leverage up to 1:500 for AU and NZ clients (1:30 for EU and most other clients)
Deposit from 200 USD
Spreads low  low
Platforms Web Specific
Instruments Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates
Funding methods Wire Transfer Credit Cards Poli

Company information

CMC Markets group includes 5 related companies.

CMC Markets UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
CMC Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
CMC Markets NZ - located in New Zealand, regulated by the Financial Markets Authority (FMA).
CMC Markets SG - located in Singapore, authorized by the Monetary Authority of Singapore (MAS).
CMC Markets CA - located in Canada, regulated by the Investment Industry Regulatory Organization of Canada (IIROC).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

CMC Markets group accepts clients from all over the world, excluding USA, Argentina, Brazil, Mexico, Ukraine, Belarus, South Africa, Yemen, Iran and some other countries with restrictions.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
32 Indice CFDs Based on baskets of different blue-chip stocks and Volatility Index.
6 Metal CFDs Based on Gold, Silver, Palladium, Platinum, Copper and Silver.
5 Energy CFDs Based on Crude Oil (WTI, Brent), Heating Oil, Gasoline and Natural Gas.
17 Soft CFDs Based on Cocoa, Cocoa Bulk Bean, Coffee Arabica, Coffee Robusta, Corn, Soybean, Soybean Meal, Soybean Oil, Sugar Raw, Sugar White, Wheat, Cotton, Rough Rice, Lumber, Feeder Cattle, Live Cattle, Oats.
12 Bond CFDs Based on German Bund and US Dollar Basket.
8000+ Stock CFDs Based on shares of AU, NZ, CA, US, UK, EU and Asian companies.
1000+ ETF CFDs Based on exchange-traded funds containing various tradable assets.
4 Interest Rate CFDs Based on Euribor, Eurodollar, Short Sterling, 30 Day Fed Funds.

Comprehensive review

As one of the true veterans of the online trading industry with 30 years of experience, CMC Markets have built a reputation as a reliable and cost-effective broker for serious traders across nearly all financial markets.

The company today has offices in a large number of locations around the world, with a heavy emphasis on European cities. The company is listed on the on the London Stock Exchange, which means that it is subject to strict regulatory scrutiny on all parts of its business. The broker is also regulated locally in several tier 1 jurisdictions, which further adds to its credibility.

As always with brokers that are regulated in the EU, leverage is limited to 1:30 for EU-based traders, while the Australia and New Zealand-based entities offers up to 1:500 leverage. However, European traders can also rest assured that their money is safely deposited in segregated bank accounts, and that they will get it back, even in the event the broker goes into liquidation.

Additional security is also provided by the UK’s Financial Services Compensation Scheme which guarantees all deposits of up to GBP 50,000 per customer in the UK, and similar schemes in other countries where the broker is regulated.

The broker today offers about 10,000 different trading instruments for customers to choose from, with more than 300 currency pairs, CFDs on over 9,000 stocks, as well as major stock indices, commodities, and bonds. In addition, UK-based traders have access to spread-betting. The huge number of available instruments means CMC is one of the leading online brokerages in the world in terms of the selection of trading instruments.

Spreads for retail clients starts from 0.7 pips for forex and 0.3 pips from indices. For clients designated as professionals, however, it is possible to obtain tighter spreads and better trading conditions, although the details regarding this are not explicitly stated on CMC’s website.

As far as trading platforms goes, CMC Markets have gone its own way and developed its own proprietary “Next Generation” trading platform. The platform runs directly in the user’s browser without any need to download software, and has an advanced yet intuitive feel to it. The charting and technical analysis capabilities in particular stand out as good and easy-to-use for both new traders and advanced users.

Still, customers who would rather trade with the classic MetaTrader 4 (MT4) platform can do that by linking their CMC account with the MT4 platform. It is worth pointing out, however, that share CFDs are only available from the CMC’s Next Generation platform and cannot be traded on MT4.

CMC Markets also publishes daily trading videos promoted as “CMC TV” on YouTube where the broker’s own analysts share trading insights and up-to-date technical analysis of the markets. CMC Markets maintains a whole team of in-house analysts who provide market commentary and offer strategies to take advantage of what’s moving in the markets.

Lastly, CMC’s customer service is handled through phone, email, and live chat, with dedicated phone numbers and customer support in local languages provided for each country where the broker has offices. There is also a very extensive FAQ section on the broker’s website that answers nearly all issued a trader may encounter when trading with this broker. As we have come to expect from the larger brokers, customer service is open 24 hours a day on trading days.

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