CMC Markets is a British company and one of the oldest brokers on the Forex Market. Founded in 1989 in London. CMC Markets is officially represented in Australia, New Zealand, Canada, Austria, France, Sweden, Ireland, Italy, Singapore, Germany and Spain. It is one of the largest market makers nowadays.
Company’s сlient base consists of 250 000 traders and investors from more than 100 countries. Clients can trade using a wide range of trading instruments:
- Major currency pairs (more than 80);
- Spread betting;
- Shares (more than 1000 companies);
- Oil, gold;
- Treasury bonds.
increasing trading efficiency is one of CMC Markets priorities. Company’s experts spend enormous amount of time developing training programs both for beginners and qualified traders and investors, e.g. big brokerage firms and international investment funds.
Money Deposit and Withdrawal
CMC Markets offers a small set of financial tools for money transferring.
- Wire transfer;
- Visa and MasterCard credit/debit cards.
You can use the following currencies as the deposit currency:
- United States dollar;
- British pound sterling;
- Australian dollar;
- Singapore dollar;
- The New Zealand dollar;
- Hong Kong dollar;
- Norwegian Krone;
- Swedish Krona.
The quality of provided services compensates their relatively thin variety. All payments are executed during one business day, payments with credit/debit cards are executed almost immediately.
Traders are free to use any withdrawal method no matter what deposit method they used before.
CMC Markets is a licensed and regulated forex broker. Its financial activities are regulated by British Financial Services Authority (FSA) – one of the most authoritative financial regulators.
Besides, CMC Markets has license of:
- ASIC – Australian Securities and Investment Commission;
- BAFIN – German Federal Financial Supervisory Authority;
- OSC – Ontario Securities Commission;
- National Futures Association (NFA), USA.
Apart from licenses of financial regulatory authorities, company closely cooperates with the largest world banks that brings high liquidity and reliability of CMC Markets forex broker.
Company’s experts put a lot of efforts into development of the newest trading, banking and IT services and technologies. Considerable part of these technologies aims to secure clients assets and to help in managing trading risks.
Risk management issues are successfully managed in cooperation with international hedge funds.
Segregated accounts – one of the ways to protect clients’ money in different unforeseen situations (including force-majeure circumstances). Such accounts allow to keep clients` money separate from company’s funds. Besides, all deposits with the size of more than 1000 USD are secured by independent insurance companies.
Bonuses and Special Offers
CMC Markets doesn’t offer bonus programs or contests, special offers.
Trading Account Types
CMC Markets also doesn’t have wide variety of account types. Only one account type is available. Account has the following requirements:
- Minimum deposit – $100 USD;
- Minimum trading size – 0.1 lot;
- Spread is fixed, no more than 2 pips. For the euro/dollar currency pair – 0.7 pips;
- Leverage – 500:1.
This account is universal and allows to trade using all trading instruments provided by broker.
Trading Platform Types
CMC Markets provides convenient and easy-to-use trading platforms:
- CFD Platform;
- Spread Betting Platform;
- МetaТrader 4.
МetaТrader 4 needs no introduction. This is the most popular trading platform among Forex traders and investors. MT4, used by CMC Markets, has variety of corporate modifications in the analytical part. In particular, clients can use unique indicators and advisors.
Custom-made CFD Platform and Spread Betting Platform are very user-friendly and easy-to-use too.
CMC Markets technical support service is one of the most powerful. Works 24/7. You can contact CMC Markets support team in one of the following ways:
- Multichannel phone call in one of the countries, where company is officially represented. You can also use callback;
- Interactive website forum.
However, precise work and high level of expertise of employees aren’t the main advantages of technical support service.
CMC Markets devotes its attention to education what helps to stand out among the other powerful brokers. Company’s team developed unique training programs for traders of all professional levels. They offer issue-related webinars, held every day; big and well-organized library, where you can find information on every issue on technical and fundamental analysis.
Traders can communicate with famous online trading experts during special webinars organized by the company through the Internet. In short, no other broker has such a powerful information services.
Pros of Trading with CMC Markets
CMC Markets has the high precision and accuracy of orders execution. Orders are executed accurately and without requotes.
Summarizing above mentioned, the main advantages of CMC Markets are:
- High level of regulation;
- Secured clients assets;
- Wide range of trading instruments and deposit currency;
- Innovative trading platforms;
- Powerful communication and unique education programs;
- Precision and accuracy of trading transactions.
Company has minimum variety of account types.
CMC Markets Reviews
Kevin Fosh: I’ve been trading here for 5 years. Broker haven’t disappointed me even once. Everything works with amazing precision and accuracy. I have only positive experience.
Saimon Perth: I’ve been trading with CMC broker since 2012. At the beginning I tried to catch broker on situation, when company would increase spread, because almost all dealers do such thing. I was “disappointed” – there weren’t spread increase or even requotes. But I want to warn you – if you want to open your account with CMC Market, be ready to wait for the documents confirmation (2-3 months). British don’t like to rush.
You can praise CMC Markets for a long time and there still will be something else to say. Company is worth it. CMC Markets shows its high quality service in every area of business.
Even its disadvantages can be seen as positive. One trading account, no special offers and contests, not so many trading platforms – company doesn’t want to distract its clients from trading itself.
Narrow option of financial instruments can be explained by company’s intention to provide services of perfect and guaranteed quality.