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Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • forex trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
3,746 people chose this broker in the last 6 months
BrokerChooser Score
4.4/5

CMC Markets review summary

CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. 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). BrokerChooser gave CMC Markets a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

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

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 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)
To read much more details about the broker's services and features, expand on the sections below.

CMC Markets review
Fees

3.5
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.
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CMC Markets review
Account opening

4.2
The account opening process is fully digital and there's no minimum deposit.
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CMC Markets review
Deposit and withdrawal

4.9
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
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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.
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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.
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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.
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CMC Markets review
Markets and products

2.5
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).
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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.
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CMC Markets review
Customer service

5.0
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.
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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.
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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.
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CMC Markets review
Bottom line

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CMC Markets review
FAQ

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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

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