CMC provides traders access to an extensive range of offerings, both CFDs and spread betting, across several different asset classes. Additionally, the broker offers competitive spreads that are dynamic in that they widen or contract with trade sizes, and clients’ accounts are protected from going into a negative balance condition. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
Is CMC Markets Chess sponsored?
This regulated online broker offers 11,000+ contracts-for-difference (CFD) and spread betting instruments for both retail and professional traders. The CMC Markets mobile app has a great user interface and is packed with similar functionality to the web platform. Charts are optimised for mobile and offer 25 technical indicators and 15 drawing tools. In reviewing CMC Markets, the team closely followed our comprehensive methodology for assessing forex fees, involving a deep dive into CMC Markets’ published fee information and real-time trading tests. Monthly, we analyze brokers’ fee data, including that of CMC Markets, and test these fees in actual trading environments using advanced monitoring tools. This rigorous process ensures the review is both factual and reflective of real trading conditions, providing traders with an accurate evaluation of CMC Markets’ fee structure.
Trade FX with spreads from 0.0 pips
2FSCS is an independent body that offers protection to customers of financial services firms that have failed. As a professional high-stake trader, Tom Hougaard talked about why traders should spend less time on market analysis and more time on mental analysis. 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.
- As a CMC client, your money is held separately from CMC Markets’ own funds, so that under property, trust and insolvency law, your money is protected.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com.
- Charts can be popped out to build and optimize complex desktop layouts.
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Discover our product library, charts, watchlists, order tickets, analyst insights and more. CMC Markets UK plc (173730) and CMC Spreadbet plc (170627) are authorised and regulated by the Financial Conduct Authority in the United Kingdom. Trading share CFDs with CMC Markets means you’re eligible for a commission on top of the instrument’s spread.
Customer Support
67% of retail investor accounts lose money when trading CFDs with this provider. This comprises low trading costs, an industry-leading range of trading instruments, solid customer service, competitive spreads, and a powerful proprietary trading platform. The MT4 mobile app maintains key features like advanced https://traderoom.info/cmc-markets-a-wholly-reliable-brokerage/ charting and technical indicators, and supports automated trading with Expert Advisors. For added security, MT4 incorporates a One-Time Password (OTP) feature, enhancing safety when accessing trading accounts. CMC Markets provides access to MetaTrader 4 (MT4), renowned as the leading forex trading platform.
What does CMC Markets stand for?
The homegrown app outshines MT4 in nearly all aspects but includes fewer features than the web version. Clients can build complex orders and generate customized alerts through push notification or email. The apps provide fingerprint ID entry, but this useful feature isn’t part of a two-tier authentication process. MetaTrader 4 is offered as an add-on or standalone account option but is limited to CFDs and has no share capacity.
MetaTrader is also popular due to its copy trading and automated trading features. The Next Generation platform is both user friendly and feature rich with advanced tools and robust charting. In our research, CMC Markets showed a good level of transparency in areas such as their regulatory status, fees and general background information. The regulatory status of different subsidiaries is covered at the footer of each page. The Trading Costs page clearly outlines all the costs such as spreads and overnight holding fees. A User Agreement (Terms of business) document is available on the CFD Legal Documents page.
Since CMC Markets offers variable spreads, head over to CMC Markets’ website for up-to-date data. If you’re trading from elsewhere, head over to cmcmarkets.com and see what fees apply for your locality. Warrants offer a leveraged way to trade shares, indices, commodities, currencies, and other exchange-listed products via the ASX. CMC Markets Alternatives – Not sure if CMC Markets is right for your trading?
When testing the support via chat, there was often a short delay and placement in a queue. The wait was not long, but clearly longer than some market leaders where responses are usually immediate. For email inquiries we typically received a response within 1 business day. The full range of order types including guaranteed stop-loss orders, trailing stops can be used through the order tickets on the app. The layout of charts within the platform is easily customisable and there are a variety of preset layouts you can select if you want to watch the charts of multiple markets at once. Swap fees (the cost of holding a position overnight) were average at CMC Markets.
Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. One of the advantages of spread betting and trading CFDs is that you only need to deposit a percentage of the full value of your position to open a trade, https://traderoom.info/ known as trading on leverage. Remember, trading on leverage can also amplify losses, so it’s important to manage your risk. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.
Some alternatives you might be interested include Plus500, eToro, and Forex.com You can also check out our full guide to online brokers including lists of brokers available in . There are three account tiers based on the volume and size of trades made. When you register with CMC Markets, you can choose between two retail account types (Spread Betting or CFD trading), a corporate account, a semi-professional account (Alpha), or a professional account. Third-party research from Reuters and Morningstar is also available for clients with live accounts. Video content (CMC TV), which is hosted on YouTube, includes live coverage of headline economic events such as Non-farm Payrolls, central bank meetings and major earnings releases. These video sessions range from roughly 30 to 45 minutes in length and also include technical analysis of the relevant charts.
Start trading with a live account or try a demo with £10,000 of virtual funds. Tight spreads on 12,000 instruments, volume-based discounts, no hidden fees. The same goes for analytics tools like sector analysis, trading central notifications, floats listing, and IPO application pages — you don’t get these with the Pro platform. Online orders for US, UK, Japanese, and Canadian-listed company shares incur no brokerage fee for trades over $1,000 in value.
