CMC Markets Verified Reviews from Actual Traders

Independent reviews report chat wait times are typically no more than 40 seconds and phone support is available 24 hours per day during week days. For less active traders, it is important to note there is an account inactivity fee of 10GBP (or equivalent). But the leniency period for dormancy is generous – only accounts with zero activity for one calendar year will incur the monthly fee.

You can use Guaranteed Stop-Loss Orders (GSLOs) to cap your maximum potential loss, but this comes with an additional charge or premium. Beyond regulation, the safety of your funds and personal information is paramount. CMC Markets truly excels in the breadth of its tradable instruments, providing you with ample opportunities to diversify your investment portfolio. From our testing, we found navigating this vast selection to be straightforward and intuitive.

Our Verdict – Is CMC Markets the Right Broker for You?

When I visited the CMC offices a few years ago, the brokerage world was switching from voice to online. CMC was one of the first forex brokers to invest heavily in technology and has always led the way in online trading platform innovation. In addition, CMC Markets offers current news and updates from in-house analysts to support traders at all levels of expertise.

This broad spectrum of possibilities is another positive that will ensure CMC Markets continues to attract a large number of users. Response and assistance from the support team is fast, knowledgable, and always professional while a detailed educational section also provides many additional answers and support for traders at all levels. CMC Markets provides a deep and extensive range of assets to choose from.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. But i am going with a problem from 2 day i take a withrawal on friday morning but i didnt receive yet. Locked out of my account due to 'bad actor' access, which was me doing normal transactions. Then on hold for more than 30 minutes without answer, listening to inane messages referring me to live chat which is not operating.Why no call-back option or queue advice? All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

About the Editorial Team

Yet negative chatter on tech issues and transfer inefficiencies suggests room for improvement. The overall sentiment, nevertheless, skews positive if you value pricing over service friction. CMC Markets’ worldwide network of offices and professional support teams highlights its commitment to serving traders wherever they are. From London to Singapore, clients benefit from reliable, regionally aware assistance and industry expertise. CMC Markets’ Knowledge Hub covers day trading, equity trading, indices, options, stop-loss orders, and platform features like one-click trading.

CMC Markets Launches 24/7 Cryptocurrency CFD Trading In Australia

Another advantage is that the brokerage does not charge any deposit fees with any of the available payment methods. Still, you should bear in mind that bank transfers initiated from some countries may attract additional fees, which are beyond CMC Markets’ control. As many as 13 customizable alerts are available, including signals based on prices and trading volume. The platform features north of 400 built-in technical indicators but you can conveniently create custom ones using the Pine Script programming language.

Whether you trade majors, minors, or indices, the lists and search feature will help you get started. CMC integrates with Autochartist, a provider of market-scanning tools and trade signals, adding a new layer of analytical capabilities. Inbuilt tools like sentiment charts and pattern recognition are also designed to help clients analyze the markets and uncover potential trading opportunities. The “also being traded” section provides trading ideas and shows related instruments that other clients are currently trading, although the platform lacks full social and copy trading functionality. The Next Generation platform promises fast, 100%-automated executions with multiple order types.

CMC markets has very tight spreads.

• The company’s experienced support teams are available Monday to Friday, helping clients with trading needs across various time zones.
• BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist.
• To secure the information and assets of traders, the business implements strong security measures like as segregated client money and SSL encryption.
• For instance, the EUR/USD spread is typically 0.6 pips, which is competitive with industry leaders.

Most traders recommend CMC, balancing competitive features with service limitations. CMC Markets operates a strong global presence with offices in major financial hubs such as London, Sydney, Toronto, Singapore, and more. The company’s experienced support teams are available Monday to Friday, helping clients with trading needs across various time zones. The CMC Markets Knowledge Hub offers traders a practical library of guides and tutorials.

CMC Markets Account Fees and Other Fees

This trading platform provides a very user-friendly experience overall and is available as a web-based trading platform. The broker offers a strong combination of low spreads, trusted regulation, and a vast degree of experience to add to the more than 10,000 available assets. Here, we will take a closer look at what makes CMC Markets one of the top choices for traders industry-wide. All information contained herein should be independently verified and confirmed.

• Another risk management tool that CMC Markets’ clients can use to protect their active positions includes guaranteed stop-loss orders (GSLOs).
• Holding costs will vary based on the asset (cryptocurrency, indices, share CFDs, cash commodities, treasuries, FX, et al).
• Moreover, losses in leveraged products may exceed your initial deposit.
• The CMC Markets mobile app also provides advanced charting features.

This platform offers features such as measuring client sentiment, accessing price alerts, as well as custom indicators. The platform can be accessed via Android and iOS as well and there is even a web-based offering for this account type to ensure around the clock accessibility for users. Users from Australia gain access to stocks and other tradable assets from all over the world, including Canada, the US, the UK, and Japan. It also offers advanced trading support in the form of research from Morningstar.

No ECN/STP Accounts

To date, the company continues to serve retail, professional and institutional user groups. Our proprietary scoring model evaluated each broker across 11 major categories and 73 weighted criteria, plus an additional 15 non-weighted criteria. The overall ratings are a weighted average of the weighted criteria, ensuring a balanced and fair assessment. CMC's Trustpilot reviews are stellar, with more than 2,200 reviews and an average score of 4 out of 5. Execution alerts will inform users when price levels are reached or when pending orders are filled. CMC Markets has a Trust score of 4.0 out of 5.0 on TrustPilot from 1,744 reviews.

While specific processing times vary by method, CMC Markets generally processes withdrawals efficiently. Their account opening is 1-3 days, suggesting a quick turnaround for account services. Placing orders on the mobile app is just as straightforward as on the web platform, optimized for touch interaction. Depending on your jurisdiction, you may be covered by an investor compensation scheme. For example, in the UK, clients might be protected by the cmc markets review Financial Services Compensation Scheme (FSCS) in the event of a firm’s failure. From our hands-on experience, CMC Markets stands out for several compelling reasons, offering a superb trading experience.

Good service

Commission charges on single stock CFDs are set at 2 cents per share in the US (minimum $10) and 0.10% for UK and European equities (minimum of £9/€9). If you are a normal trader you can have your costs built into the spread, or if you are one of the bigger boys you can trade CFDs with better pricing and commission charged afterwards. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit.

There may be additional holding cost fees for trading some forex pairs. Reviews noted these were “minimal” but still worth paying attention to. Telephone support is also available to place trades during trading hours, making CMC Markets a friendlier trading platform for beginners than many. Meta Trader4 is neither as feature-rich nor as popular as Next Generation. For this you have to download Next Generation and create an account. You can customize your home screen, create watchlists, manage open orders, view and place trades, read breaking news and, with the larger screen of the iPad, access many of Next Generation’s desktop features.