CMC Markets is one of the oldest and most experienced brokers still operating today. The company was founded in 1989 and managed to grow its business rapidly. CMC markets have won 50 industry awards from 2020 to 2022 and are continually innovating.
CMC Markets is one of the few brokers that offer both physical shares and shares as CFDs. In addition, you can trade an outstanding variety of Forex pairs, indices, commodities, and bonds.
The broker is authorized and regulated by top-tier financial institutions, including the Financial Conduct Authority of the UK (FCA), the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) of Germany, the Monetary Authority of Singapore (MAS), Australian Securities and Investment Commission (ASIC), and the Investment Industry Regulatory Organization of Canada (IIROC).
In today’s review, we’ll discuss CMC Markets’ fees, policies, offerings, trading software, and more. In addition, in case you decide to open a live account, we’ll guide you through the entire process.
Here are the 8 pros and cons:
- Regulated in 4 jurisdictions
- Offers access to MetaTrader 4, Next Generation CFD, Share trading standard platform, and Share trading Pro platform
- Charges no deposit and withdrawal fees
- Offers access to over 45,529 trading assets. Including more than 35,000 physical shares.
- Reasonable fees
- Fast and digital account opening/verification
- Offers a huge variety of Forex pairs
- Charges 10 EUR or equivalent inactivity fee after 12 months of inactivity.
CMC Markets Fact sheet
|Regulations||Singapore, Germany, UK, Canada, Australia|
|Fees on deposits||$0|
|Fees on withdrawal||$0|
|Inactivity fees||10 EURor equivalent inactivity fee after 12 months of inactivity.|
|Minimum account activation||$0|
|Number of available assets||45,529|
|Leverage up to||1:500|
|Available trading markets||Forex, CFDs on Stocks, Stocks, Indices, Commodities, Cryptocurrencies, Bonds|
|Live account types||3|
|Negative balance protection||Yes|
|Part of compensation fund||Yes|
|Keeps funds on segregated bank account||Yes|
|Fees & spread|
|Forex||From 0.7 pips|
|Cryptocurrencies||From 0.5 points|
|Platforms||MetaTrader 4, Next Generation CFD|
|Mobile trading support||Yes|
|Mac device support||Yes|
|Payment methods||Bank Transfer, Credit/Debit Card, PayPal|
|Withdrawal processing time||Up to 5 days|
|Time to open an account||1|