Why choose CMC Markets
CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK's FCA.
It has low forex fees and there is no charge for deposits and withdrawals. 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, and crypto for non-UK clients) and customer service, while helpful, is available only 24/5.
BrokerChooser gave CMC Markets a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Low forex fees
- Great web and mobile platforms
- Advanced research and educational tools
Explore the key metrics of CMC Markets
69% of retail CFD accounts lose money
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See how the best brokers in the United States compare to CMC Markets
Fees
- Low forex fees
- No withdrawal fee
We compared CMC Markets's fees with two similar brokers we selected, IG and XTB. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of CMC Markets alternatives.
Low FX fees
All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.7.
Broker | EURUSD spread | FX commission per lot |
---|---|---|
CMC Markets | 0.7 | No commission is charged |
IG | 0.6 | No commission is charged |
XTB | 0.8 | No commission is charged |
Average index CFD fees
All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.6.
Broker | S&P 500 CFD spread |
---|---|
CMC Markets | 0.6 |
IG | 0.4 |
XTB | 0.5 |
High stock CFD fees
The commission for stock CFD trading is the following: $0.02 with a $10 minimum commission.
Broker | Apple CFD |
---|---|
CMC Markets | $10.1 |
IG | $15.1 |
XTB | $2.9 |
Low inactivity fee, no withdrawal fee
CMC Markets charges no account, deposit, or withdrawal fees. However, there is a £10 monthly fee after 12 months of inactivity, unless you hold no funds in your account.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
CMC Markets | $0 | |
IG | $0 | |
XTB | $0 |
Safety
- Majority of clients belong to a top-tier financial authority
- Listed on stock exchange
- Negative balance protection
Deposit and withdrawal
- Credit/Debit card available
- Free withdrawal
- No deposit fee
Account opening
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Good search function
- Good variety of order types
Desktop platform
- Clear fee report
- Good customizability (for charts, workspace)
- Price alerts