Overview of CMC Markets fees and charges

It's safe to say that CMC Markets's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use CMC Markets even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of CMC Markets's fees

CMC Markets Fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Low The fees are built into the spread, 0.6 points is the average spread cost during peak trading hours.
Europe 50 CFD Low The fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.
EURUSD Low The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours.
Inactivity fee Low £10 monthly fee after 12 months of inactivity

Disclaimer: 76% 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 fees
CMC Markets fees explained

We compare CMC Markets fees with its closest competitors, IG and XTB.

CMC Markets fees
CMC Markets trading fees

CMC Markets's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at CMC Markets.

Trading fees

CMC Markets's trading fees are low.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The example in this context would mean buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

CMC Markets fees benchmarked
CMC Markets IG XTB
Apple benchmark fee $22.9 $32.7 $10.1
Vodafone benchmark fee $23.4 $25.2 $10.6
EURUSD benchmark fee $15.4 $17.4 $15.2

Financing rates

CMC Markets financing rates are average.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

CMC Markets yearly financing rates
CMC Markets IG XTB
Apple CFD financing rate 6.8% 6.3% 7.6%
Vodafone CFD financing rate 5.9% 4.7% 6.8%
EURUSD financing rate 3.7% 4.2% 3.5%
EURGBP financing rate 3.0% 3.4% 2.1%

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

CMC Markets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.5% mark-up.

CMC Markets fees
CMC Markets non-trading fees

When it comes to looking at all the non-trading fees CMC Markets is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at CMC Markets that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how CMC Markets stacks up in non-trading fees
CMC Markets IG XTB
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes Yes
Account fee No No No

CMC Markets fees
CMC Markets deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and CMC Markets is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods CMC Markets offers.

CMC Markets deposit methods
CMC Markets IG XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

CMC Markets fees
CMC Markets withdrawal fee

Unlike some online brokers we have reviewed CMC Markets does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

CMC Markets withdrawal fees and options compared
CMC Markets IG XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $0

CMC Markets fees
CMC Markets inactivity fee

CMC Markets does apply an inactivity fee and it is £10 monthly fee after 12 months of inactivity. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that CMC Markets charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

CMC Markets has low inactivity fee.

CMC Markets IG XTB
Inactivity fee Yes Yes Yes
Inactivity fee £10 monthly fee after 12 months of inactivity $/£12/€14 per month after 2 years of inactivity €10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days

Read more about CMC Markets inactivity fee on their own site.

Author of this article

Ádám Nasli

Author of this article

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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76% of retail CFD accounts lose money

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