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CMC Markets forex spreads

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Adam N.
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Are forex spreads low at CMC Markets as of June 2024?

When trading forex, the spread – the difference between the bid and ask price – directly affects your profits. A lower spread means lower trading costs. But are the spreads at CMC Markets truly competitive?

Forex spreads at CMC Markets are average rather than low. For example, the EURUSD spread is 0.7, which is considered average.

Forex spreads and commissions: Your go-to guide for CMC Markets
Adam
Adam Nasli
Forex • Algo Trading • Market Analysis

Together with my brokerage analyst colleagues, I thoroughly tested the services of CMC Markets by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about forex spreads at CMC Markets.

  • The spreads may differ by currency pair, check them to control your trading costs.

  • Keep an eye out for any extra forex commissions.

  • Look for lowest spread forex broker available in our top list.

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Manage your trading budget effectively

Understanding and keeping a close eye on major currency spreads is crucial for managing your trading budget effectively.

Imagine you're trading EUR/USD and you totally get how spreads work – the lower, the better. By choosing a broker with the lowest spread, you save on every trade, boost your profits, and stay ahead of other traders. This means more money in your pocket and better decisions on your next move.

Here are the forex spreads at CMC Markets for major currency pairs:

Currency pair Spread Low / Average / High
EURUSD 0.7 Average
GBPUSD 0.9 Low
AUDUSD 0.7 Low
EURCHF 2.5 High
EURGBP 1.1 Average

Spreads were collected on Oct 5, 2023.

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69% of retail CFD accounts lose money

Keep an eye out for any extra forex commission at CMC Markets

You're lucky. At CMC Markets, you don't have to worry about any commission fees — your only cost is the spread. What does this mean for you?

So, let's say you buy 1,000 EUR/USD at the ask price of 1.1003 and then sell at the bid price of 1.1000:

  • Buy at 1.1003: You spend $1,100.30 to snag 1,000 euros.
  • Sell at 1.1000: You receive $1,100.00 when you sell those euros.

The difference? A $0.30. That's your total cost for the trade, courtesy of the 3-pip spread. No extra fees, no hidden charges. If the spread is your only cost and it’s low, think about how much you could save, and then use those savings for anything else. Maybe like buying chewing gum?

Make sure to look at the whole picture and total costs (spreads and commissions) when deciding which broker is the best for you.

See the brokers with the lowest spreads

Check our top list of the lowest-spread brokers. The BrokerChooser team conducts extensive evaluations of more than 100 brokers globally, focusing on critical factors such as regulation, financial stability, customer service quality and transparency of operations.

For more details on CMC Markets, read our comprehensive CMC Markets review for 2024.

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

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Further reading

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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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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