CMC Markets Forex Broker Review and Comparison

CMC Markets is a well-established online broker that has been around since 1989. They offer a wide range of trading products, including forex, shares, indices, and commodities.

CMC Markets is regulated by the Financial Conduct Authority (FCA) in the UK, which gives traders some peace of mind when it comes to their financial security. They also have a high level of financial stability, with a turnover of over £2.4 billion in 2020.

CMC Markets offers a user-friendly trading platform, with a range of tools and features to help traders make informed decisions. Their platform is available on desktop, mobile, and tablet devices, making it easy to trade on the go.

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CMC Markets offers multiple trading platform options to its users depending on the account type. These platforms are designed to provide a seamless trading experience.

The Next Generation platform is highly intuitive and can be customized to a great extent. It comes with advanced features such as comprehensive analysis tools, the latest news and updates, as well as advanced technical indicators.

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The MetaTrader 4 platform is also available for CFD Accounts, offering features such as measuring client sentiment, accessing price alerts, as well as custom indicators. This platform can be accessed via Android and iOS, as well as through a web-based offering for around the clock accessibility.

The trading platforms offered by CMC Markets are excellent, ensuring that its users are fully aware of the market situation at all times. They are also highly reliable, making sure that users can make the most of the market at all times.

Here are some of the awards and recognition CMC Markets has received for its trading platforms:

CMC Markets offers a robust trading experience with its three proprietary trading platforms: the CMC Next Generation platform, the MetaTrader 4 platform, and CMC Markets mobile apps available on Android and iOS operating systems.

The CMC Next Generation platform is a web-based trading platform that offers a broad range of tools and features suitable for both beginners and expert traders. It has a vast array of tradable instruments, including over 12,000 forex pairs, indices, commodities, shares, ETFs, and fixed income.

CMC Markets also provides demo accounts, allowing traders to practice strategies and build confidence in a risk-free environment. The technical analysis features on the platform are also sufficient for any type of trader, including expansive technical indicators and drawing tools, a price projection tool, module linking, and a chart forum.

Here are some of the key features of the CMC Next Generation platform:

The mobile trade experience is also excellent, with access to features like client sentiment, pattern recognition, and the ability to choose the platform's layout. News, insights, and education round out the desktop features.

We're proud of our impressive collection of awards that reflect our commitment to delivering a superior trading experience.

Our investment in a top-notch trading platform has earned us the number one web platform award from ForexBrokers.com.

We've also been recognized for our innovative approach to ESG investing, a key area of focus for us.

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In 2023, we received the Outstanding CFD Liquidity Provider award from the Global Forex Awards.

Our dedication to providing an exceptional trading experience has led to us being named Broker of the Year a record 13 years in a row.

We've also been praised for our Stocks & Shares ISA Innovation, a testament to our commitment to innovation.

The HedgeWeek European Awards 2022 recognized us as the CFD Provider of the Year.

We're proud to have received the Award of Excellence to the Most Innovative Broker from the CFD and FX Investment Trends Survey.

Our commitment to customer satisfaction has earned us the Industry Pioneer with Outstanding Customer Rating award from the Finance Magnates London Summit Awards.

We've also been recognized for our Online Securities Trading Excellence and our Best Feature-Packed Non-Bank Online Broker status.

In 2020, we were named the Most Transparent Forex Broker in Europe by the Global Forex Awards Retail.

Our dedication to customer service has earned us the Best Email Customer Service award from the Investment Trends 2020 Germany CFD & FX Trading Report.

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We're proud to have received the Broker of the Year award from the Finance Magnates Awards 2020.

Our commitment to value has earned us the Outstanding Value - Online Share Trading award from the Investors Chronicle and Financial Times Investment and Wealth Management Awards.

Our platform features have earned us the Foreign CFD Broker of the Year award from the Professional Trader Awards 2019.

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CMC Markets offers three proprietary trading platforms: the CMC Next Generation platform, the MetaTrader 4 platform, and CMC Markets mobile apps available on both Android and iOS operating systems.

The CMC Next Generation platform is a web-based trading platform that's considered one of the best in class, offering a broad range of tools and features suitable for both beginners and expert traders.

CMC Markets provides access to 12,000 tradable instruments, including forex pairs, indices, commodities, shares, ETFs, and fixed income.

The technical analysis features on the CMC Next Generation platform include expansive technical indicators and drawing tools, a price projection tool, module linking, and a chart forum.

Here are some of the key features of the mobile trade experience:

Portfolio analysis is a crucial aspect of trading, allowing you to evaluate your performance and make informed decisions.

The CMC platform lacks a built-in tool for analyzing trading activity, which is a significant drawback for traders.

You can utilize the platform's trading journal, but it doesn't allow you to drill deeper into trading activity, making it difficult to gain a comprehensive understanding of your trading performance.

Several other platforms offer better portfolio analysis features than CMC does, which can be a major consideration for traders looking for a more comprehensive trading experience.

The lack of advanced portfolio analysis tools on CMC can be frustrating, especially for traders who rely on data-driven decision making.

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CMC Markets has expanded its trading hours for over 80 popular US stocks, including the S&P 500's "Seven Magnificos": Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

These stocks can now be traded from 10:00 to 22:00, before the US markets open at 15:30 (Spanish time).

This means you can manage your positions before the market opens, and all order types, execution, and liquidation functions work as usual.

The expanded trading hours allow you to stay on top of your investments even after the traditional market closes.

La volatilidad se usa para determinar los movimientos del mercado y para entender el riesgo de un activo.

CMC Markets ofrece más de 12.000 instrumentos disponibles, lo que te permite seguir en tiempo real los gráficos de índices como el Alemania 40.

La plataforma de CMC Markets también te permite seguir materias primas como Gas Natural o petróleo.

Puedes seguir en tiempo real pares de divisas como EUR/USD o USD/JPY.

Acciones como IAG, Banco Santander o Tesla también están disponibles para seguir en tiempo real.

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The CMC Markets margin requirements can go as low as 0.10% for Forex CFDs, with the maximum leverage pegged at 1:500.

This means you can control a large amount of money with a relatively small investment, but keep in mind that leverage can amplify losses as well.

The broker acts as a market maker, aggregating orders and matching them internally or passing them on to liquidity providers.

This can lead to a conflict of interest, but CMC Markets appears to take a neutral stance by offloading opposing positions to the market.

Regulatory requirements also reinforce the company's commitment to minimizing conflict of interest with its clients.

The CMC Markets spread is quite competitive, with the lowest spread for major FX pairs starting at 0.3 pips.

However, the real-time spreads were around 0.7 to 1.3 pips, which is still relatively low.

The order execution times were excellent, and traders will appreciate the company's minimal slippage and guaranteed stop-loss.

Keep in mind that using the guaranteed stop-loss feature comes with a GSLO premium, which increases overall trading costs.

Inactivity fees are charged if no orders have been opened on the platform for 1 year, at $10 per year.

Negative balance protection ensures that traders won't be in debt if their account balance runs to 0.

Holding costs apply to Forex positions held overnight, with interest rates determined by the difference between currency interest rates plus 0.0027%.

This makes CMC Markets interest rates more predictable than those of other FX brokers.

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CMC Markets offers a range of features and tools that cater to both beginners and experienced traders. The web-based Next Generation trading platform is particularly noteworthy, offering advanced instrument search tools and a list of favorite instruments.

One of the standout features of the Next Generation platform is its ability to create custom indicators and edit parameters of existing ones. Additionally, the platform offers multi-interval analysis, a client sentiment trading tool, and a price projection box with backtesting capabilities.

Here are some of the key tools and features available on the Next Generation platform:

CMC Markets also offers a robust mobile trading experience, with a mobile-optimized app that provides access to 12,000 tradable instruments, customizable dashboards, and push alerts for price, orders, and market events.

CMC Markets offers an impressive range of features that cater to the needs of traders. The broker grants users access to a wide range of research materials, including a tie-up with Morningstar for the latest research reports.

One of the standout features of CMC Markets is its excellent trading support. The broker's knowledge base is a valuable resource for traders looking to improve their decision-making and build their acumen. This comprehensive resource is complemented by an excellent research effort that provides users with a wide range of information to inform their trading decisions.

CMC Markets also offers an impressive asset offerings, with over 9,500 tradable assets available, including foreign exchange pairs, commodities, indices, shares, bonds, ETFs, treasures, and cryptocurrencies. This vast selection of assets means that there is an asset class available to match every trader's preferences, strategy, and style.

The broker places great emphasis on customer service, with a 24/5 customer support team available in a wide range of languages. The team is extremely responsive and swiftly resolves customer queries, providing a high level of support to traders.

Here are some of the key features of CMC Markets:

These features make CMC Markets an attractive option for traders looking for a reliable and user-friendly platform to trade on.

Order types are a crucial aspect of trading, and it's great to know that various platforms offer a range of options to suit different needs.

CMC Next Generation and MetaTrader 4 users can access market, limit and stop-entry, stop-loss and take-profit, and trailing stop-loss order types.

These platforms also allow for guaranteed stop-loss, boundary, and access to market depth via price ladder. Next Generation traders can go long and short simultaneously with account netting disabled, which can be a game-changer for some traders.

Users can set default order preferences for all or specific investment types, making it easier to manage their trades. Execution alerts will inform users when price levels are reached or when pending orders are filled.

Here's a breakdown of the order types available on CMC Next Generation and MetaTrader 4:

CMC Markets offers a range of funding options, but it's worth noting that they don't accept e-wallets or cryptocurrency payments. Traders can deposit funds using a bank wire transfer or debit/credit card payment.

The broker has a $0 minimum deposit policy, which is a plus for traders who want to start trading with a small amount of capital. However, larger traders may prefer these funding options for depositing or withdrawing substantial amounts of trading capital.

CMC Markets deposits are handled through secure and encrypted gateways, and traders can only deposit funds once their live accounts are approved and verified. The same deposit conditions apply for withdrawing funds as well.

Here is a summary of CMC Markets' deposit options:

Withdrawals are processed within the same working day if initiated before the cut-off time, while those initiated after the cut-off time will be processed the next working day.

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The costs associated with trading with CMC Markets are straightforward and can be found on their website. Their main costs overview includes spreads, stocks, ETFs, and CFDs, as well as overnight holding costs and market data fees.

The spread, or difference between the buy and sell price, is the overriding fee charged on each instrument traded. Spreads vary by instrument, with Forex having a minimum spread of 0.7 points, and Shares and ETFs having a minimum spread of 0.1 points.

CFD spreads also vary per instrument, but the company offers a competitive spread for major FX pairs, starting at 0.3 pips. The real-time CMC Markets spreads were around 0.7 to 1.3 pips.

In addition to spreads, CMC Markets charges commissions for trading CFDs on shares and ETFs, ranging from 0.02% for U.S. shares to 0.10% for European shares. There are also additional spread bet fees for entering and exiting a trade, ranging from 0.10% for European customers to one to four cents for the U.S.

Here is a summary of the average spreads for different asset classes:

CMC Markets also charges overnight holding costs for cash positions, which can be either positive or negative. Additionally, there are inactivity fees of $10 if no orders have been opened on the platform for 1 year.

You can fund your account with a credit or debit card, such as Visa or Mastercard, or set up a wire transfer or bank transfer.

CMC Markets has a $0 minimum deposit policy, making it accessible to a wide range of traders.

To fund your account, click on the "Funding" tab on the web-based platform or the mobile app.

You can also deposit funds using a bank wire transfer or debit/credit card payment, but be aware that these methods may incur fees.

Here are the CMC Markets deposit options:

All withdrawals are processed within the same working day if initiated before the cut-off time, while those initiated after the cut-off time will be processed the next working day.

However, the funds may take a while to reach your bank account since bank wire transfers may involve delays if transmitted through different intermediary banks.

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Fortunately, CMC Markets honours its long-standing reputation in the markets by processing its clients' withdrawals without fail.

Here are the CMC Markets withdrawal options:

CMC Markets does not allow third-party transfers, nor does it transfer funds if the bank records fail to match the information provided by the traders.

So, it's essential to submit the correct information when signing up, or you risk denial of your CMC Markets withdrawal request.

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The CMC Markets platform is available in both web-based and downloadable versions, with the web-based version not requiring installation and the downloadable version requiring it.

One of the standout features of the CMC Markets platform is its ability to personalize the user experience, allowing traders to customize their platform experience and order properties. This is a key advantage over MetaTrader 4, which does not offer this level of personalization.

CMC Markets offers a wide range of trading instruments, including 330+ forex pairs, compared to 175+ offered by MetaTrader 4. This makes it a more versatile platform for traders looking to diversify their portfolios.

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Here is a comparison of CMC Markets with similar forex brokers:

The CMC Markets platform also offers advanced charting capabilities and a range of trading tools, including a pattern recognition scanner and a chart pattern screener.

The CMC Next Generation platform and MetaTrader 4 are two popular options for traders. CMC Next Generation is a web-based platform that doesn't require installation, making it a convenient choice for those who want to get started quickly.

MetaTrader 4, on the other hand, is a downloadable platform that requires installation. This might be a drawback for some users, but it's worth noting that MetaTrader 4 has a more extensive library of expert advisors for automated trading.

CMC Next Generation offers a more personalized experience, allowing users to customize their platform and order properties. It also provides a choice between netting and hedging, giving traders more flexibility.

Here's a comparison of the two platforms:

The CMC Next Generation platform also offers advanced instrument search tools, a pattern recognition scanner with candle and line options, and access to Morningstar research and Reuters News.

Comparing forex brokers can be a daunting task, but let's break it down. CMC Markets, for instance, offers a web-based platform called CMC Next Generation, which doesn't require installation.

The platform allows users to personalize their experience and order properties, a feature not available on MetaTrader 4. Additionally, CMC Next Generation provides a choice between netting and hedging, whereas MetaTrader 4 only supports hedging.

If you're interested in advanced charting capabilities, both CMC Next Generation and MetaTrader 4 offer this feature. However, CMC Next Generation has a more extensive range of instruments, with 330+ forex pairs available.

Here's a comparison of CMC Markets with similar forex brokers:

Note that CMC Markets has a strong presence globally, with over 275,000 clients worldwide. The company has been operating for over 35 years and offers a range of trading platforms, including CMC Next Generation and MetaTrader 4.

B2B services offer a range of benefits for businesses. CMC Connect acts as a non-bank liquidity provider, offering access to a wide range of asset classes.

Institutional clients appreciate the diversity of products offered by CMC Connect. Their 4. Diverse product suite is a key differentiator in the market.

CMC Connect is well-positioned to cater to the needs of 9% Investing B2B clients.

CMC Markets is a publicly traded broker with over 30 years of experience, so you can trust that they've got things down to a science.

To start trading with CMC Markets, you'll need to register for an account, which is a straightforward process that can be completed in just a few steps.

First, you'll need to choose the type of trading account that suits you best. CMC Markets offers a range of account types, and you can choose from a variety of base currencies.

Once you've selected your account type and base currency, you'll be asked to provide some personal details, including your contact information and address. Don't worry, this information is completely secure and will only be used to verify your identity.

You'll also need to agree to CMC Markets' risk disclosure policies and terms and conditions. This is an important step, so make sure you read through everything carefully before clicking "agree".

If you prefer, you can also sign up using your email address. Just enter your email address and password, and you'll be taken to the broker's browser-based app.

After signing up, you'll be asked to verify your email address by entering a verification code or clicking on a verification link. This is a quick and easy step that will only take a minute or two.

Once you've completed the signup process, you can start funding your account and getting ready to trade. Just remember that CMC Markets requires you to upload identifying documents to verify your identity, so be prepared to provide some extra information.

Here's a quick rundown of the steps you'll need to take to get started with CMC Markets:

That's it! With these simple steps, you'll be well on your way to getting started with CMC Markets and starting your trading journey.