Is CMC Markets free?
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 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.
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
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Available to AU clients: $0, but minimum order size of AUD 1,000 is required |
| 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 |
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, IG and XTB.
CMC Markets fees
CMC Markets trading fees
CMC Markets's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.
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.
| CMC Markets | IG | XTB | |
|---|---|---|---|
| EURUSD benchmark fee | $15.3 | $16.4 | $15.2 |
| EURGBP benchmark fee | $14.1 | $15.3 | $11.4 |
CFD fees
CMC Markets has average CFD trading fees.
| CMC Markets | IG | XTB | |
|---|---|---|---|
| Apple CFD | $10.1 | $15.1 | $3.6 |
| Vodafone CFD | $11.6 | $12.8 | $4.0 |
| Germany | - | $11.9 | $9.1 |
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 non-trading fees, CMC Markets is a rather cheap broker.
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.
| 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
Usually, brokers don't charge anything for deposits, and CMC Markets is no different.
| 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
CMC Markets generally doesn't charge a withdrawal fee.
| CMC Markets | IG | XTB | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee for 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. 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 | 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 |
Comments