The extremely pricey commissions can be overlooked if you’re a high volume CFD trader looking for the best execution possible but when you trade small then CMC is too expensive to trade shares for you. Funds are protected by the FSCS as CMC Markets is regulated by the FCA in the UK which ensures that firms treat their customers fairly and have enough money to operate. You can also track the financial health of CMC Markets by looking at their share price on the London Stock Exchange. CMC Markets makes money by widening the bid/ask spreads offered to clients, commission and overnight funding and running a B-book. Though, in these days of social trading and large crowds that may not always be the case going forward.

My Key Takeaways After Exploring CMC Markets’ Research Content

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. MetaTrader is also popular due to its copy trading and automated trading features. However, you can’t be logged into mobile or web platforms at the same time.

CFD Trading

This average customer rating is based on 2 CMC Markets customer reviews submitted by our visitors. CMC Markets is a longstanding broker with a rich operational history that operates under the FCA’s Client Money rules, mandating the segregation of client funds from the company’s own. You can find up-to-date news streams, economic calendars (with ‘market impact’ meters), and analysis from reputable sources including Reuters, Morningstar and Thomson Reuters. However, compared to the CMC Markets mobile app, my personal view is that MT4 feels more outdated, with a less modern design but a similar bottom menu to switch between windows. This made for a slightly frustrating experience during my hands-on tests of the CMC Markets platform.

How to Open a CMC Markets Account – Step by Step Guide

On balance it’s probably best to think of sentiment and positioning gauges as decision or trade support tools, rather than decision-makers in their own right. CMC Markets only offers CFD trading, Rolling Spot Forex, Spread Betting in the UK which are generally short-term speculative products. You can invest in the long term and buy physical shares through CMC Invest in the UK (although in Australia they do offer stockbroking). They have no after hours support of any kind even though they allow customers to trade 24/7 on world wide markets. CMC Markets is an internationally regulated online broker, based in the United Kingdom. Traders from the UK are also covered under the FSCS protection scheme up to £85,000 in individual and up to £170,000 in joint accounts.

Is CMC Markets A Regulated Broker?

The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our research, CMC Markets demonstrated a high level of transparency regarding its regulatory status, fees, and general background information. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

• The depth of the product catalog places this broker in an elite group, and active traders will especially appreciate its tight spreads.
• Yes, CMC Markets is a market maker as well as a broker so they make money from hedging.
• The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
• Trading has been difficult through the COVID years but a useful learning ground.

CMC Markets Account Opening Process

CMC Markets lets you trade CFDs on 1,000 ETFs and more than 9,400 global shares. In addition to popular stocks such as Apple Inc., Rio Tinto and Lloyds Banking Group, you can trade 4,800+ U.S. stocks, 894 UK stocks, 572 Canadian stocks and 22 share baskets. You can trade stocks of 21 other nations with different trading hours and commissions.

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For instance, it offers guaranteed stop-loss orders (GSLOs) in exchange for a premium. To ensure full transparency for users, CMC Markets also highlights that it only uses its proprietary funds for hedging purposes. Beyond the tools of the trade, CMC Markets is focused on making its resources accessible and lowering the barriers to entry with no minimum deposit required to trade on its platform. All customer funds are stored in segregated accounts, thereby providing an extra layer of security. Overall, I was impressed by the fees at CMC Markets and especially by the tight spreads, which are highly important to traders. For an active trader, this cost can often make the difference between being profitable or suffering losses at the end of the day.

To ensure the best experience, the broker is regulated by the Australian Securities and Investments Commission. Further, CMC Markets Stockbroking Limited is a participant of the ASX Group (Australian Securities Exchange), the SSX (Sydney Stock Exchange), and the Chi-X Australia Exchange. Accordingly, it is fully compliant with all the regulations laid down by the Australian Securities and Investments Commission.

The first step in the six-step process will be completing general information, including account type and account base currency. There are a couple of FX ETFs to trade that track GBP, EUR and USD, but there are no OTC options markets, nor can you trade on exchange futures with DMA. It’s worth noting that there is no CMC Markets MT4 demo account and to reset it you have to open a new demo with a different email address.

I find forex trading incredibly difficult, I’ve never been able to make any money at it because I can’t judge forex price action, I find it too fast-paced. What I like to speculate on is the overvaluation or undervaluation of one currency against another. CMC has a market called weighted currency indices, which basket together one currency again many others. So you can trade how you think the US Dollar is going to perform against the EUR, GBP, AUD, CAD, CHF, CNH, JPY and SGD in one go.

Originally offering forex trading, then financial spread betting and moving into CFD broking in 2000, CMC began to expand internationally in 2002. As a trader residing in Australia, you have access to two real share trading platforms. Aside from Corporate and Professional account holders, all traders get access to a demo account with trial funds. Demo account holders can switch to a live account from the demo dashboard, without having to re-register. The broker’s proprietary trading platform also has a useful live chat feature for CFD accounts located when you log in under the Support, Live Help feature.

CMC Markets has an extensive FAQ page answering common questions, and its customer support is available in multiple languages 24 hours a day, 5 days a week. You can reach support staff by phone, email and directly through its offices in the UK, Austria, Australia, Canada, Sweden, Spain, Singapore, Poland, New Zealand, Norway, Italy, France, Germany and Ireland. Steven Hatzakis is the Global Director https://forexarena.net/ of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Although the Standard platform doesn’t provide as much depth as the Pro version, the Pro version is available only by monthly subscription. Still, both are feature-rich offerings which include built-in investment research, exemplary charting tools, world-class news feeds, and much more. One of the best features is that frequent CFD traders with high volumes of transaction turnover can take advantage of rebates for cmc markets review forex pairs, commodities, indices, and shares. Once certain turnover thresholds are met, clients receive rebates on a sliding scale basis. CMC Markets offers a competitive pricing schedule that varies based on the client’s trading preferences, account type, and asset class. Spreads are fairly tight across the board and start from 0.3 pips for foreign exchange pairs which rank as very affordable for the industry.

He also claims after he complained, other clients were taken from him, further reducing his potential bonuses. We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Dive deeper into the earnings by checking this interactive graph of Commercial Metals’ earnings, revenue and cash flow. Since launching in 2012, Bankless Times is dedicated to bringing you the latest news and informational content within the alternative finance industry.