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CMC Markets app Review 2024

Your expert
Adam N.
Fact checked by
Updated
Oct 2024
Personally tested
Data-driven
Independent

CMC Markets app

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this article we'll check whether CMC Markets's mobile app ticks all the boxes.

Overall, we rate the user-friendliness of the app as better than average.

CMC Markets mobile app vs. similar brokers
IG
XTB
Mobile app rating (5 is the best)
5.0 stars 5.0 stars 4.4 stars
User-friendliness
Great Great Great
2-step authentication
Yes Yes No
Biometric authentication
Yes Yes Yes

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71% of retail CFD accounts lose money

We're going to take a closer look at search functions, price alerts and order types, so all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the CMC Markets review.

Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CMC Markets app

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71% of retail CFD accounts lose money

Overall score
4.5/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1-3 days
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71% of retail CFD accounts lose money

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Our main checklist for the CMC Markets app

Let's start with the search functions. Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

CMC Markets got the green light, meaning its search functions are reasonably good.

CMC Markets checklist
IG
XTB
Search functions
Great Great Great
2-step authentication
Yes Yes No
Biometric authentication
Yes Yes Yes
Price alerts in the app
Yes Yes Yes
Confirmation after successful trade
Yes Yes Yes
CMC Markets app search functions

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71% of retail CFD accounts lose money

Checklist for nice-to-have features

For some people it might be a deal-breaker if you can't set up a trailing stop limit - we totally get that. Others couldn't care less and also don't get excited if the app is available in 25 languages. Anyway, here is our checklist of minor, nice-to-have features:

CMC Markets has these order types available in its app: Market, Limit, Stop, Trailing Stop-loss, Guaranteed Stop-loss.

At CMC Markets you can use the following order terms & expiry in the app: Good 'til canceled (GTC), Good 'til time (GTT).

The CMC Markets mobile app currently supports the following languages: Chinese, English, French, German, Italian, Norwegian, Polish, Portugese, Spanish, Swedish.

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71% of retail CFD accounts lose money

The BC Award-winning brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platform awards we gave to brokers serving European clients.

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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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.

author
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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