CMC Markets customer service

When using an online broker, you may sometimes need assistance to locate a feature or sort out a problem. In such situations, it's good to have prompt and helpful customer service on hand.

Thankfully, CMC Markets has excellent customer support, giving swift and to-the-point responses to your queries across several channels. Read on for details and peer comparisons.

CMC Markets offers superb customer service

[Broker name] offers superb customer service

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Learn about our methodology

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've tested dozens of brokers over the years, which often included contacting their help desks over various issues. I was very happy with how CMC Markets handled my queries:

• You can reach CMC Markets customer service via several channels.
• CMC Markets's help desk responds quickly to nearly all queries.
• CMC Markets customer support gives you useful and relevant information.
• Looking for better treatment? See how CMC Markets compares to its rivals.

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.

Before we begin, let's see if CMC Markets is available in your country

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71% of retail CFD accounts lose money

Like most companies, online brokers typically offer customer service via several channels. Phone support is usually best if you need to quickly sort out a complicated problem or emergency, while more and more users prefer live chat for simple queries. Meanwhile, email support remains your best friend if you're an introvert, or for more complex questions that aren't so time sensitive.

You will likely face many types of issues during trading, so choose a broker where you can reach all three modes of support. Here's how you can get in touch with CMC Markets:

• Live chat
• Phone
• Email

Unfortunately, you can't reach CMC Markets customer support 24/7, so keep that (and your time zone) in mind before reaching out for help with an issue that needs immediate attention.

Our first-hand customer service experience at CMC Markets

CMC Markets's customer service is available in multiple languages: Chinese, English, French, German, Italian, Norwegian, Polish, Spanish and 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, andall 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.

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71% of retail CFD accounts lose money

User forums as an alternative to customer service

Whatever your question or problem is, you're probably not alone. This makes online forums of traders a great source of info about brokers in addition to (or even instead of) official customer service. RandomUser1234 won't be able to help you restore your account, but they can probably offer good tips on platform usage or tell you whether a certain stock is available at a broker.

Some brokers have their own community forums on their trading platforms or websites; alternatively, you can always turn to well-known forum aggregators such as Reddit. Many popular brokers have their own dedicated subreddits. Just post your question, or browse previous threads to see if it's been already answered.

Always exercise caution when taking advice from other forum users. Some information may be incorrect, outdated, or reflect the subjective judgment of a user. Also, do not share sensitive data or other material, such as screenshots that reveal your personal or financial information.

When testing the overall quality of customer support at CMC Markets and its competitors, we paid special attention to response speed. Because let's face it, we're all very busy; so when faced with a ten-minute wait to get connected to an operator, most of us would rather jump on a Reddit forum for answers or figure out a solution to our problems on our own. So this is how we rated brokers:

• In the case of phone and live chat support, we considered waiting times of less than one minute as great, and waiting times exceeding five minutes as poor. We scored anything in between as mid-range; including brokers where responses were sometimes swift but sometimes too slow.
• When it comes to email support, a response within 24 hours is considered great in our book; while we believe it is poor service to keep you waiting for more than two or three days for a reply.

So why all the hurry? A little hold music won't hurt anyone, right? Perhaps not, but there may be situations where customer service speed can make a huge difference. Imagine you noticed that someone has broken into your account and started to withdraw your money from it. Or maybe you want to sell a free-falling stock but the order panel won't display properly. In such cases, swift customer support can potentially save you hundreds or thousands of dollars.

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71% of retail CFD accounts lose money

Promptly picking up the phone is one thing, but it's just as important to give answers that are clear, comprehensible, sufficiently detailed and relevant to your problem. In addition to response speed, we also rated brokers based on the quality of replies and assistance we received.

• Brokers we rated as 'great' here gave us all the necessary information and assistance.
• Those we rated 'poor' left us scratching our heads and looking for alternative sources of information.
• We gave a 'mid-range' score to brokers where the quality of support was inconsistent or where assistance was often less than useful.

Here's how CMC Markets compares to its main competitors when it comes to the helpfulness of live chat, phone and email support.

Do you fancy using CMC Markets's services but not sure you'd get the level of customer service you deserve? Try our broker comparison tool, where you can size up 100+ brokers side by side and filter for many criteria including high-quality customer support.

Want to see how CMC Markets fares in other respects such as trading fees, funding options or platform quality? Read our full review of CMC Markets for 2024.

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71% of retail CFD accounts lose money