CMC Markets – The Best Forex Broker?
Read our CMC Markets Forex broker review below...
...CMC Markets is a British financial services company that offers online stock trading, spread bets, difference contracts and currency exchanges on global markets. The internal regulation of the company is carried out by the Financial Conduct Authority (FCA) with license number 173730. The company develops the latest technologies that will make trading as comfortable as possible and simplify the trading process.
CMC Markets also stands out from the competition with its comprehensive training and NextGeneration trading platform. They offer a free demo to help clients become proficient at operating their platform. The broker provides excellent liquidity, fast execution of transactions and favorable conditions.
Award winning platform
Low trading fees
Excellent support, learning and research tools
Extensive experience in the market
Wide range of account base currencies
More than 10,000 instruments for trading
High in-and-out commissions on shares
PayPal is not supported on your deposits
Account verification is complicated
Not available for USA traders
Spread betting only for UK residents
Withdrawal and deposit methods are limited
CMC Markets Review
CMC Markets is a leading company and is a global betting provider founded in 1989. The company is registered in the UK with an office in London, but has other branches in Austria, Australia, Canada, New Zealand, France, Spain, Singapore, Germany and other countries. Among the company’s clients are several banks, hedge funds and brokers, as well as the winner in the category «Best Forex Broker from Investopedia in 2020» and in the category «Best Forex Broker on a Number of Offers».
According to the website, clients can trade up to 10,000 instruments, which is good for long-term investors. Other tools include automated trading and investment offers. The company has more than 100,000 registered accounts worldwide, completing 70 million transactions annually on the trading platform and mobile applications. It should be noted that the site is secure and client’s funds are safe. Funds are managed in segregated bank accounts by banks Natwest, Deutsche Bank, Barclays, Ulster Bank, Lloyds.
CMC Markets Platforms
On the company’s website, you will find a separate section with analytics and many technical analysis tools that will help you predict an accurate market forecast. The broker provides work on the Next Generation professional trading platform. The platform is based on HTML5 and has an elegant interface that will suit many. On the platform, you can communicate with other members through the Chart Forum feature. You can also switch to the standard MetaTrader 4 platform if Next Generation does not suit you or if you find it difficult. The platform is backed by competitive prices and 24/7 customer support when the markets are open.
CMC Markets Accounts
There are only two accounts here. CMC offers these accounts to both individual and corporate clients. The accounts are pretty much the same. It is worth noting that other brokers have tighter spreads associated with higher deposit requirements.
- «Spread-Betting» – There are no requirements for the minimum deposit. The leverage is 1:500. The list of available trading instruments includes Forex, indices, virtual currencies, commodities;
- «CFD» – There are no requirements for the minimum deposit. Leverage similar to the previous one. Traders gain access to Forex trading, digital currencies, indices and commodities.
CMC Markets Support
All traders who currently have an account with CMC receive continuous 24/7 customer support via email, fax and telephone at various locations. You can visit the frequently asked questions on the support page to find answers to your questions. You can contact support by phone, email or directly through their offices in the UK, Austria, Australia, Canada, Sweden, Spain, Singapore, Poland, New Zealand, Norway, Italy, France, Germany and Ireland.
CMC Markets Payments
You can fund your CMC Markets account using plastic cards (credit or debit cards), or by wire transfer. There is also a disadvantage, the broker does not accept AMEX or Diners cards. If you live outside the UK, additional fees may apply for wire transfers. In the Withdrawals section, you can withdraw your income in cryptocurrencies such as bitcoins or any others. In the same way as for deposits. You can do it partially or completely. For your personal protection, the broker may request additional information and/or confirmation of verification before processing a withdrawal request. If you need help with withdrawing funds from your account, then you can contact support.
CMC Markets Conclusion
CMC Markets has also received several industry awards for features such as customer satisfaction and fast order execution, making it one of the highly respected online trading providers. Traders get both access to a large number of different assets and a professional trading platform. The company tries to provide a comfortable environment for trading. Its regulation by the FCA is also a strong argument for customer registration. CMC Markets complies with all the rules of the game from various regulatory bodies and is scrupulously adhering to strict regulations.
CMC Markets FAQ on the broker
1 Is CMC Markets a regulated broker?
Yes, CMC Markets is regulated by FCA, ASIC, IIROC, MAS in United Kingdom and others.
2 What trading platforms does CMC Markets offer?
CMC Markets offers the full suite of MT4, NextGeneration.
3 What is CMC Markets maximum leverage?
Maximum leverage at CMC Markets is 1:500.
4 What methods can I use to deposit and withdraw funds on CMC Markets?
Deposits and withdrawals with this broker can be done using these methods: Credit/Debit Card, Wire Transfer.
5 What is the spread of the CMC Markets broker?
The spread for this broker is on average CMC Markets is 0.3 - 3 pips.
6 What’s the minimum deposit to open a Live account at CMC Markets?
The minimum deposit to open a Live account is 1 USD.
7 What cryptocurrencies are available at CMC Markets?
In this broker are the following cryptocurrencies for trading: BTC/USD, LTC/USD, ETH/USD, BCH/USD, DASH/USD, EOS/USD, XMR/USD, XLM/USD.
8 In what currency can I open an account with CMC Markets?
With this brokers you can open an account in currencies: GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD.
9 What Trading Instruments are available at CMC Markets?
On CMC Markets, you can trade financial instruments such as: Forex, Indices, Cryptocurrencies, Commodities, Stocks, Treasuries.