Overview of CMC Markets fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As CMC Markets focuses on CFD and forex trading, the most important cost elements are spreads and financing rates, commissions less so.

Now, let's dive into the details and see what commissions, spreads, and financing rates CMC Markets charges.

CMC Markets commission and other fees
CMC Markets commission and other trading fees

The good news is that CMC Markets has low trading fees in general. We ranked the fees of CMC Markets as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether CMC Markets commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of CMC Markets trading fees
CMC Markets City Index ETX Capital
Forex Low Low Average
CFD Average Average High
Financing rate Low Low Average

Now let's go over the trading fees for each asset class one by one.

CMC Markets forex commissions and spreads

CMC Markets forex fees are low. CMC Markets forex commissions and spreads for individual currency pairs are charged as per the table below.

CMC Markets forex commissions and spreads
CMC Markets
EURUSD fee The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours.
GBPUSD fee The fees are built into the spread, 0.9 pips is the average spread cost during peak trading hours.

Check out how CMC Markets forex fees compare to its two closest competitors.

CMC Markets forex fees vs competitors
CMC Markets City Index ETX Capital
EURUSD benchmark fee $7.9 $6.2 $10.4
GBPUSD benchmark fee $5.7 $4.9 $8.4
AUDUSD benchmark fee $6.5 $6.4 $10.6
EURCHF benchmark fee $8.0 $6.9 $9.4
EURGBP benchmark fee $9.1 $7.8 $10.8

Forex fees are calculated for a $20,000 trade using 30:1 leverage

CMC Markets CFD commissions and spreads

CMC Markets CFD fees are average. CMC Markets CFD commissions and spreads for different assets are charged as per the table below.

CMC Markets CFD commissions and spreads
CMC Markets
S&P 500 CFD fee The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.
Europe 50 CFD fee The fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.
Apple CFD $0.02 with a $10 minimum commission
Vodafone CFD 0.10% of trade value, with a minimum commission of £9

Below you can see how CMC Markets CFD fees compare with those of City Index and ETX Capital.

CMC Markets CFD fees vs competitors
CMC Markets City Index ETX Capital
S&P 500 index CFD fee $1.5 $1.2 $3.0
Europe 50 index CFD fee $1.9 $1.9 $2.9
Apple CFD $10.2 $10.2 $15.2
Vodafone CFD $12.9 $14.3 $14.3

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

CMC Markets financing rates

CMC Markets financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how CMC Markets financing rates compare with those of City Index and ETX Capital.

CMC Markets financing rates vs competitors
CMC Markets City Index ETX Capital
EURUSD financing rate 1.8% 1.3% 2.5%
GBPUSD financing rate 1.1% 0.6% 1.9%
S&P 500 CFD financing rate 3.1% 2.6% 7.1%
Europe 50 CFD financing rate 2.4% 1.9% 4.6%
Apple CFD financing rate 3.1% 2.6% 8.6%
Vodafone CFD financing rate 3.0% 2.5% 6.9%

CMC Markets commission and other fees
CMC Markets non-trading fees

In addition to trading fees, it's important to see if CMC Markets charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by CMC Markets with its two closest competitors.

CMC Markets non-trading fees vs competitors
CMC Markets City Index ETX Capital
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee Yes Yes No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

CMC Markets commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by CMC Markets and its closest competitors. To learn more about CMC Markets, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

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

Share

Comments

Visit broker
67% of retail CFD accounts lose money
×