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
| 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 | IG | XTB | |
|---|---|---|---|
| Apple benchmark fee | $22.9 | $32.7 | $10.1 |
| Vodafone benchmark fee | $25.4 | $27.4 | $10.6 |
| EURUSD benchmark fee | $15.3 | $16.4 | $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 | 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% | 4.0% | 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 a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
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.
| 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 | 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 | 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.
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