Is CMC Markets free?

CMC Markets does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with CMC Markets though, then you will find the fees they charge below.

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CMC Markets fees
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 that other brokers do, or they only charge a small amount.

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

CMC Markets Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low £10 monthly fee after 12 months of inactivity

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CMC Markets fees
CMC Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare CMC Markets fees with its closest competitors, City Index and ETX Capital.

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CMC Markets fees
CMC Markets trading fees

CMC Markets's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

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

Trading fees

CMC Markets's trading fees are low.

Forex fees

CMC Markets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
CMC Markets City Index ETX Capital
EURUSD benchmark fee $8.0 $6.1 $9.3
EURGBP benchmark fee $9.1 $7.5 $9.6

CFD fees

CMC Markets has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
CMC Markets City Index ETX Capital
Apple CFD $10.2 $10.2 $15.2
Vodafone CFD $12.0 $13.3 $13.3
Germany - $11.9 $11.9

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73% of retail CFD accounts lose money

CMC Markets fees
CMC Markets non-trading fees

Some of CMC Markets's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at CMC Markets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how CMC Markets stacks up in terms of non-trading fees
CMC Markets City Index ETX Capital
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes No
Account fee No No No

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CMC Markets fees
CMC Markets deposit fee

Usually, brokers don't charge anything for deposits, and CMC Markets is no different.

CMC Markets deposit methods
CMC Markets City Index ETX Capital
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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CMC Markets fees
CMC Markets withdrawal fee

CMC Markets generally doesn't charge a withdrawal fee.

CMC Markets withdrawal fees and options compared
CMC Markets City Index ETX Capital
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $0 $0 $0

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73% of retail CFD accounts lose money

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. Keep this in mind to avoid getting charged after a longer idle period. The fact that CMC Markets charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by CMC Markets is low.

CMC Markets City Index ETX Capital
Inactivity fee Yes Yes No
Inactivity fee £10 monthly fee after 12 months of inactivity £12 per month after one year of inactivity No inactivity fee

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73% of retail CFD accounts lose money

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

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