CMC Markets Logo
4.5
Visit broker
76% of retail CFD accounts lose money

CMC Markets review summary

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.

Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools
Visit broker
76% of retail CFD accounts lose money

You can't open an account at CMC Markets if you live in United States. See the best alternative available in your country.

CMC Markets pros and cons

CMC Markets has low forex fees, and there is no charge for most deposit and withdrawals options. The web and mobile trading platforms are well-designed, highly customizable and rich with features such as an advanced order panel. Research and educational tools are also wide-ranging and sophisticated.

On the downside, stock CFD fees are high. The product portfolio covers only CFDs (forex, indices, commodities, shares, ETFs, bonds, crypto - except for UK clients). Customer service, while helpful, is available only 24/5 (from Sunday nights through to Friday night).

Pros Cons
Low forex fees High stock CFD fees
Great web and mobile platforms Only CFDs are available
Advanced research and educational tools Customer support only 24/5
CMC Markets main features and highlights
🗺️ Country of regulation UK, Australia, Canada, New Zealand, Singapore, Germany
💰 Trading fees class Average
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 10
🎮 Demo account provided Yes
🛍️ Products offered CFDs (forex, indices, commodities, shares, ETFs, bonds, crypto - except for UK clients)
Compare to best alternative Visit broker
76% of retail CFD accounts lose money

CMC Markets review
Fees

3.6
CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
Pros Cons
Low forex fees High stock CFD fees
No withdrawal fee
CMC Markets fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Low The fees are built into the spread, 0.6 points is the average spread cost during peak trading hours.
Europe 50 CFD Low The fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.
EURUSD Low The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours.
Inactivity fee Low £10 monthly fee after 12 months of inactivity

How we ranked fees

We ranked CMC Markets's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

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.

In the sections below, you will find the most relevant fees of CMC Markets for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared CMC Markets's fees with those of two similar brokers we selected, IG and XTB. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of CMC Markets alternatives.

To have a clear overview of CMC Markets, let's start with the trading fees.

CMC Markets trading fees

CMC Markets has low forex and stock index CFD fees, but high stock CFD fees. CMC Markets is one of the most transparent brokers in the market, which helps to easily calculate your trading costs. For example, we really liked that you can check historical financing costs.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments within each asset class:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone
  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for CMC Markets fees.

CFD fees

CMC Markets has mixed CFD trading fees. Stock index CFD fees are low, while stock CFD fees are high.

CMC Markets CFD fees for a $2,000 long position held for one week
  CMC Markets IG XTB
S&P 500 index CFD fee $1.4 $1.1 $1.5
Europe 50 index CFD fee $1.7 $1.4 $1.8
Apple CFD fee $21.4 $31.2 $8.5
Vodafone CFD fee $27.1 $29.7 $10.9

Stock CFD commissions are volume-tiered with a minimum.

CMC Markets stock CFD commission
Market Commission Minimum fee
North America
US $0.02 per share $10
Canada CAD 0.02 per share CAD 10
Europe
UK    
Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, Portugal, Spain 0.10% €9
Denmark 0.10% DKK 90
Norway 0.10% NOK 79
Poland 0.18% PLN 50
Sweden 0.10% SEK 89
Switzerland 0.10% CHF 9
Asia and Pacific
Australia 0.10% AUD 7
Hong Kong 0.18% HKD 50
Japan 0.10% JPY 1,000
New Zealand 0.10% NZD 7
Singapore 0.10% SGD 10

Forex fees

CMC Markets forex fees are low.

CMC Markets forex benchmark fees of a $20,000 30:1 long position held for one week
  CMC Markets IG XTB
AUDUSD benchmark fee $8.2 $11.4 $7.0
EURCHF benchmark fee $8.9 $9.6 $6.1
EURGBP benchmark fee $10.2 $17.8 $9.7
EURUSD benchmark fee $8.8 $16.1 $8.3
GBPUSD benchmark fee $5.8 $9.4 $5.8

Non-trading fees

CMC Markets charges no account, deposit, or withdrawal fee (with a few exceptions). However, there is a £10 monthly fee after 12 months of inactivity, unless you hold no funds in your account.

CMC Markets non-trading fees
  CMC Markets IG XTB
Inactivity fee Yes Yes Yes
Account fee No No No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

CMC Markets review
Account opening

4.2
The account opening process is fully digital and there's no minimum deposit.
Pros Cons
Fully digital None
No minimum deposit

Can you open an account?

Visit broker
76% of retail CFD accounts lose money

CMC Markets is available all over Europe and in most of the rest of the world.

What is the minimum deposit at CMC Markets?

The required CMC Markets minimum deposit is $0. This is great if you want to start trading with lower amounts only.

Account types

CMC Markets offers two account types, which differ based on the countries they're available in, the range of accepted account base currencies, pricing and taxes.

CMC Markets account types
  CFD account Spread betting account
Available in All countries where CMC Markets operates UK, Ireland
Account base currencies GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD GBP, EUR
Pricing Spread plus commission for stock CFDs Spreads only
Capital gain taxable Yes No
Joint account available Yes Yes
Corporate account available Yes No

In addition, you can open a Pro account that allows you higher leverage.CMC Markets offers Pro accounts for professional clients. As a professional client, you lose the higher degree of protection available to retail clients, including negative balance protection.

To open a Pro account, you have to satisfy the following criteria:

  • Placed 10 trades in the previous quarter and these trades were relevant with significant size.
  • Your portfolio exceeds €500,000.
  • You worked in the financial sector for at least one year.

In this review, we tested the individual CFD account.

How to open your account

The account opening process at CMC is fully digital, and account verification normally takes no more than 1-2 business days.

The steps of opening an account at CMC Markets are the following:

  1. Select your country of residence, account type and account base currency
  2. Fill in your name, date of birth, phone, email and address
  3. Answer a few questions about your employment status and trading experience, then click 'Submit'
  4. You'll receive an email link to a third-party video identification service, where you'll be asked to show yourself and your ID documents (such as a driver's license, national ID card or passport) via webcam to an operator
  5. Send a bank statement, utility bill or credit card statement for residency verification
  6. Once CMC Markets verified your application and you agreed to terms and conditions, you can start trading

CMC Markets review - Account opening

Our best alternatives to CMC Markets are:

The highest ranking competitors are:

  1. IG full review
  2. XTB full review
  3. City Index full review
  4. OvalX full review

CMC Markets review
Deposit and withdrawal

4.8
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
Pros Cons
Credit/Debit card available £15 fee for international bank transfers
No deposit fee
Several account base currencies

Account base currencies

At CMC Markets, you can choose from 10 base currencies if you open a CFD account. However, not all 10 may be available to you; clients from most countries can typically only choose from among two or three major currencies (such as EUR and USD) and their home currency (if it is among the 10 currencies).

For spread betting accounts, only British pounds and euros are accepted.

Available base currencies at CMC Markets
Australian dollar British pound Canadian dollar Euro New Zealand dollar
Norwegian krone Polish zloty Singapore dollar Swedish krona US dollar

This selection of account base currencies is better than that of similar brokers.

Base currencies at CMC Markets vs similar brokers

  CMC Markets IG XTB
Number of base currencies 10 6 5

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. They offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

CMC Markets charges no deposit fees. Besides bank transfer, you can use credit/debit cards and PayPal, the same options as offered by the company's closest competitors.

CMC Markets deposit options
  CMC Markets IG XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

A bank transfer can take several business days, while payment with a credit/debit card or PayPal is instant.

You can only deposit money from accounts that are in your name.

CMC Markets review - Deposit and withdrawal - Deposit

CMC Markets withdrawal fees and options

CMC Markets charges no withdrawal fee for domestic bank, credit/debit card, or electronic wallet withdrawals.

However, if you'd like to receive your funds instantly (via bank transfer) or you use an international bank transfer, there's a £15/$25/€15 charge, depending on your base currency. An international bank transfer at CMC Markets is defined as withdrawing your money to a bank account denominated in a currency other than your CMC Markets account base currency; e.g. if you withdraw from your GBP-based brokerage account to your EUR-based bank account.

You can use the same options for withdrawal as for deposit. There are some limitations: if you have a spread betting account, you can't withdraw to Mastercard credit/debit cards; and you can't withdraw more to your PayPal account than what you first deposited.

CMC Markets withdrawal fees and options
  CMC Markets IG XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets Yes Yes No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from CMC Markets? We tested debit card withdrawal and we got our funds back on the same day.

How do you withdraw money from CMC Markets?

  • Go to CMC's web trading platform
  • On the left sidebar, click 'Funding'
  • Click 'Withdraw'
  • Choose the method for withdrawal
  • Add the amount you wish to withdraw
  • Confirm your withdrawal

CMC Markets review
Web trading platform

5.0
CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
Pros Cons
Two-step (safer) login None
Good customizability (for charts, workspace)
Modern design
CMC Markets platforms to choose from
Trading platform Score Available
Web 5.0 stars Yes
Mobile 5.0 stars Yes
Desktop 3.4 stars Yes

You can choose between two web trading platforms:

  • 'Next Generation', CMC Markets's own trading platform
  • MetaTrader 4, a third-party platform

In this review, we tested Next Generation as we think it's better than MetaTrader 4.

The web trading platform is available in 9 languages:

CMC web trading platform languages
Chinese English French
German Italian Norwegian
Polish Spanish Swedish

Look and feel

At first, it may seem that CMC's web platform is too advanced for beginners. However, the platform guide and the platform's great design and user-friendliness will help you familiarize yourself with the platform quickly.

The platform is highly customizable; it's one of the most customizable platforms we've tested. You can also save up to 10 custom platform templates.

CMC Markets review - Web trading platform

Login and security

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.

Search functions

The platform's search functions work really well. You can search for an asset by clicking the search icon or clicking 'Products' then 'Library'.

You can search in two ways:

  • Type the name of the asset in the search bar
  • Browse product categories. You can filter results by region, country or industry.

CMC Markets review - Web trading platform - Search

Placing orders

You can use many order types, including some advanced ones:

  • Market
  • Limit
  • Stop
  • Trailing Stop-loss
  • Guaranteed Stop-loss*

*For placing guaranteed stop-loss, you have to pay a premium, which will be refunded if the order is not executed.

To get a better understanding of these terms, read this overview of order types.

There are also two order time limits you can use: Good 'til canceled (GTC) and Good 'til time (GTT).

CMC Markets review - Web trading platform - Order panel

Alerts and notifications

It's easy to set price alerts and notifications. You can set price alerts when you select a product from 'Library'. We also liked that you can set notifications for breaking news or for events on the economic calendar, among others.

Portfolio and fee reports

CMC Markets has clear and transparent portfolio and fee reports. Click 'History' at the bottom of the platform to view all of your trading costs and your payment for recent trades.

Visit broker
76% of retail CFD accounts lose money

CMC Markets review
Mobile trading platform

5.0
The CMC Markets app shares the strengths of the web platform: a modern design with a strong order panel and search functions as well as safe two-step login.
Pros Cons
User-friendly None
Good search function
Good variety of order types

Similarly to the web trading platform, you can use both CMC Markets and MetaTrader 4 for mobile. Both apps are available for iOS as well as Android.

In this review, we tested CMC Markets on iOS. The app is available in the same languages as the web trading platform.

Look and feel

The CMC Markets mobile trading platform is user-friendly and well-structured. Every feature can be easily found.

CMC Markets review - Mobile trading platform

Login and security

CMC Markets provides safe two-step login for its mobile app. You can also set up a swipe code or fingerprint authentication to make the login process more convenient.

Search functions

The search function is great. When you type the name of the product, it will list all related assets, along with current bid/ask prices.

CMC Markets review - Mobile trading platform - Search

Placing orders

You can use the same order types as on the web platform:

  • Market
  • Limit
  • Stop
  • Trailing Stop
  • Guaranteed Stop Loss

There are also order time limits you can use: Good 'til canceled (GTC) and Good 'til time (GTT).

CMC Markets review - Mobile trading platform - Order panel

Alerts and notifications

You can set multiple alerts and notifications on the CMC Markets mobile app. To do so, open up the chart of an asset, then click on the top right corner. In another great feature, you can set alerts for economic calendar events too, just like on the web platform.

Visit broker
76% of retail CFD accounts lose money

CMC Markets review
Desktop trading platform

3.4
CMC Markets doesn't have its own desktop platform, leaving you with MetaTrader 4 as your only option. In design and functionality, MT4 is way behind CMC's web platform.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts

CMC Markets offers MetaTrader 4 for desktop.

MetaTrader 4 is available in an exceptionally large number of languages.

CMC Markets desktop trading platform languages
Arabic Bulgarian Chinese Croatian Czech Danish
Dutch English Estonian Finnish French German
Greek Hebrew Hindi Hungarian Indonesian Italian
Japanese Korean Latvian Lithuanian Malay Mongolian
Persian Polish Portuguese Romanian Russian Serbian
Slovak Slovenian Spanish Swedish Tajik Thai
Traditional Chinese Turkish Ukrainian Uzbek Vietnamese  

Look and feel

MetaTrader 4 has great customizability. You can easily change the size and the position of the tabs.

However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.

CMC Markets review - Desktop trading platform

Login and security

Unlike the CMC Markets web platform, MT4 only requires one-step login. Two-step authentication would be more secure.

Search functions

The search functions are OK. You can find assets by browsing categories, but we missed the usual search function when you can type an asset's name manually.

CMC Markets review - Desktop trading platform - Search

Placing orders

You can only use basic order types. You will not find more sophisticated ones such as 'one cancels the other'. The following order types are available:

  • Market
  • Limit
  • Stop
  • Trailing Stop

If you are not familiar with order types, read this overview.

There are also order time limits you can use:

  • Good 'til canceled (GTC)
  • Good 'til time (GTT)

CMC Markets review - Desktop trading platform - Order panel

Alerts and notifications

You can set alerts and notifications in the form of mobile push and email notifications on the desktop trading platform.

To set email or mobile notifications, first you have to download the MetaTrader 4 mobile app, then add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings) on the desktop platform. You can do this by clicking 'Tools', then 'Options.'

Visit broker
76% of retail CFD accounts lose money

CMC Markets review
Markets and products

2.6
CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can't trade other popular asset classes such as real stocks or ETFs (except for Australian clients).

CMC Markets is primarily a CFD and forex broker. Whether you wish to trade CFDs of currency pairs, stock indices, stocks, ETFs, commodities, bonds or cryptos, you will find an extraordinarily wide selection of products at CMC Markets. This stands out compared with the product range of its main competitors.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CMC Markets product selection
  CMC Markets IG XTB
Currency pairs (#) 338 205 57
Stock index CFDs (#) 88 78 36
Stock CFDs (#) 10,000 10,500 1,900
ETF CFDs (#) 1,000 1,900 140
Commodity CFDs (#) 123 47 21
Bond CFDs (#) 55 13 -
Cryptos (#) 15 8 14

You can't change leverage levels at CMC Markets. For forex products, it is automatically set at 30:1. This is a drawback, as changing leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high.

CMC Markets review
Research

5.0
CMC's research tools are useful for both beginners and advanced traders. They include charting tools for detailed technical analysis, and news feeds to aid fundamental analaysis.
Pros Cons
Good interactive chart None
Trading ideas
Data on asset fundamentals

Most of the research tools are available on the CMC Markets 'Next Generation' web platform. A few others, including market analyses, can be found on the CMC Markets website: just click 'News and Analyses' in the header. Market analyses and news are also available in languages other than English.

Trading ideas

CMC Markets provides trading ideas in multiple forms. One is called 'Insights', where CMC collects market-related info, e.g. the planned output of a US Tesla factory, and then compares it with market speculation. It works more like an information service.

Another service is called 'Chart Forums'. When you open it, you'll see a number of short technical analyses and speculations by CMC experts and CMC users. It's a little bit like social trading: people can share their chart analyses with one another.

CMC Markets review - Research - Recommendations

Fundamental data

CMC Markets provides fundamental data analyses through Morningstar reports. This is available to all clients with live accounts. The reports are regularly updated, and include quantitative research, along with important details from annual financial statements. 

CMC Markets review - Research - Fundamental data

Charting

CMC Markets has great charting tools. You can choose from an impressive selection of more than 80 technical indicators, along with various other editor tools. There are also extra features, such as automatic trendline drawing tools, and the option to save your favourite charts.

What also sets CMC apart from other brokers is the ability to share your technical analysis with other traders.

CMC Markets review - Research - Charting

News feed

News is provided by CMC Markets itself and by Thomson Reuters. Both are available from the web platform; the former leads you to CMC's 'News and Analyses' blog, while the Thomson Reuters news feed opens up in a separate window on the platform. Reuters news includes updates on politics and on the biggest listed companies in various markets, among others. The web trading platform also has a link to CMC TV, which is similar to IG's IGTV. On this YouTube channel, CMC releases several updates each week on market movements and offers technical analysis as well.

Other research tools you may enjoy

CMC Markets has a well-structured economic calendar. This calendar is powered by Thomson Reuters, and lists the most important data releases each day. Each event has a 'market impact' meter depicting the effect it might have on financial markets, and also links to previous and forecasted data for each indicator. You can filter these events by date, country or market impact. Also, you can set up alarms to these events separately.

Compare research pros and cons

CMC Markets review
Customer service

4.5
Customer support at CMC Markets is great: fast and reliable, with emails often answered on the same day. On the other hand, it is only available 24/5.
Pros Cons
Phone support No 24/7 support
Live chat
Fast response time

You can contact CMC Markets via:

  • Live chat
  • Phone
  • Email

CMC Markets's customer services are available in multiple languages:

Available languages at CMC's customer support
Chinese English French
German Italian Norwegian
Polish Spanish Swedish

All services are fast and reliable. Live chat was always responsive, and we got relevant and clear answers in under a minute.

Phone support is great, too; wait times were short, and all operators were helpful, speaking in a clear, understandable voice.

When it came to emails, most of our inquiries were answered on the same day. However, on one occasion we didn't receive a response for a full week on the status of our account verification. The misunderstanding was solved with the help of live chat.

We missed 24/7 availability. CMC Markets customer support is only available Monday to Friday, though it is available 24 hours a day, which is a great help for customers across the globe.

CMC Markets review - Customer Service

Visit broker
76% of retail CFD accounts lose money

CMC Markets review
Education

5.0
CMC Markets has a wide selection of educational materials, in the form of videos and articles. In addition to trading lessons, platform tutorials are also available.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos

At CMC Markets, the following types of educational materials are available:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles
  • Glossary

The articles are easy to read and are often supported by short videos and graphs to help you better understand complex financial concepts. CMC Markets recommends articles based on your trading experience, with topics ranging from CFD fundamentals to trading strategies.

CMC Markets also has a great demo account, which mirrors the live platform and all of its functions. This is the best way to learn how to behave on financial markets. If you run out of virtual funds, you can add more at any time.

CMC Markets review - Education

The videos are made by CMC Markets's own experts. At certain times, CMC Markets also organizes live webinars and regional seminars.

Visit broker
76% of retail CFD accounts lose money

CMC Markets review
Safety

CMC Markets is regulated by several financial authorities globally, including the UK's top-tier FCA. It is listed on the London Stock Exchange, which means additional transparency.
Pros Cons
Majority of clients belong to a top-tier financial authority Does not hold a banking license
Listed on stock exchange
Negative balance protection

Is CMC Markets regulated?

Yes, it is regulated by several financial authorities globally. Here is the full list:

  • UK - Financial Conduct Authority (FCA)
  • Germany/EU - Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
  • Canada - Investment Industry Regulatory Organization of Canada (IIROC)
  • Australia - Australian Securities and Investment Commission (ASIC)
  • New Zealand - Financial Markets Authority (FMA)
  • Singapore - Monetary Authority of Singapore (MAS)
  • Middle-East - Dubai Financial Services Authority (DFSA)

Is CMC Markets safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

The investor protection amount, the regulator, and the legal entity that serves you differ according to your residency.

CMC Markets investor protection
Country of clients Protection amount Regulator Legal entity
UK and countries except below £85,000 Financial Conduct Authority CMC Markets UK plc, CMC Spreadbet plc (for spread betting accounts, available in the UK)
EU €20,000 Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) CMC Markets Germany GmbH
Canada CAD 1,000,000 Investment Industry Regulatory Organization of Canada (IIROC) CMC Markets Canada Inc.
Australia No protection Australian Securities and Investments Commission CMC Markets Asia Pacific Pty Ltd
New Zealand No protection Financial Markets Authority CMC Markets NZ Limited Company
Singapore No protection Monetary Authority of Singapore  CMC Markets Singapore Pte Ltd
Middle-East No protection Dubai Financial Services Authority CMC Markets Middle East Limited

CMC Markets provides negative balance protection for UK and EU clients. Negative balance protection means that your account balance can't go into negative.

Background

CMC Markets was established in 1989. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

CMC Markets is listed on the London Stock Exchange, which is a big plus for safety as CMC Markets releases financial statements regularly and transparently.

Also, CMC Markets regularly discloses reports on the quality of trade executions (such as average cost, speed or likelihood of execution), which is a really transparent practice and not very common at other brokers.

Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are all great signs for CMC Markets's safety.

Find your safe broker

CMC Markets review
Bottom line

CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there.

On the plus side, it has low forex fees, well-developed trading platforms, and terrific research and educational tools.

There are also a few drawbacks, though. Stock CFD fees are high, and the product selection covers only CFDs (forex, indices, commodities, shares, shares baskets, ETFs, rates, and bonds), meaning no real stocks or ETFs available (except for Australian clients).

Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.

Visit broker
76% of retail CFD accounts lose money

CMC Markets review
FAQ

We recommend CMC Markets for forex and CFD traders looking for an advanced trading platform with many research tools.

Below you can find links to all aspects of CMC Markets in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our CMC Markets fees article.

What about the minimum deposit?

Our ultimate guide to the CMC Markets minimum deposit is updated regularly.

How to start your CMC Markets account?

Look no further than our evaluation of the CMC Markets account opening.

How's their trading app?

Here's our expert view after checking the CMC Markets trading app.

Is the quality of customer service satisfactory?

All you need to know about CMC Markets customer service.

Legit or scam?

Is CMC Markets legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether CMC Markets is really free.

Is this broker good for beginners?

We checked it in Is CMC Markets good for beginners.

Should you buy your silver bullets on CMC Markets?

Research for silver bugs in the Silver buy on CMC Markets guide

I want to trade options, are they available at CMC Markets?

We explored the topic in Can you trade options on CMC Markets?

What is the minimum account balance at CMC Markets?

Check out the current account balance requirements at CMC Markets in our What is the minimum account balance at CMC Markets article.

Looking for commission and fees data for CMC Markets?

We collected them in CMC Markets commission and fees.

How do you withdraw money from CMC Markets?

We tested it and collected the options and costs in How to withdraw money on CMC Markets.

Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit CMC Markets
76% of retail CFD accounts lose money

Share

Comments

×