More than 1 million traders from around the world have signed up with the multi-award winning brokerage. If you choose to trade in financial instruments you should use an IIROC regulated firm. If you use an unauthorised firm you will be more at risk of a scam and your funds are not protected should things go wrong. Introductory guides to trading the wide array of products offered are also available along with a section comprised of videos devoted to trading strategies. A healthy roster of online webinars, offered through a partnership with Trade With Precision, fills the need for advanced topics, but there’s no archive of previous programs.
Forex Risk Disclaimer
Happily, at least when compared to its iOS counterpart, the Android app appears to deliver slightly improved functionality overall. The most important thing to know before reading further is that if you live in the United States, you won’t be able to trade Contracts for Difference (CFD) with CMC Markets. As for research, Morningstar Quantitative Equity Research is available with the Pro platform, while the fundamental Morningstar data is free with the standard. Trading share CFDs with CMC Markets means you’re eligible for a commission on top of the instrument’s spread. The company also has offices in 12 countries, with its main headquarters in London.
Keep passwords safe
Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. However, the opinions and reviews published here are entirely our own. Warrants offer a leveraged way to trade shares, indices, commodities, currencies, and other exchange-listed products via the ASX. CMC Markets is considered a safe broker to hold client assets, including your cash money, as it has a market capitalization of over £375 million as of January 2024 – making it a well-capitalized broker.
Does CMC Markets Offer Low Fees?
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. The live chat service had a wait time of 8 minutes when cmc markets review tested for this review. If you find the Next Generation platform difficult to maneuver, you can view a tutorial video on the different features offered at CMC TV, the broker’s educational YouTube channel.
Full Review
The sophisticated mobile app includes powerful charting features and more than 40 popular indicators and drawing tools. Compare to few other platforms I know, CMC is exceptional in relation to withdrawals and deposits. I never had any dispute with this company in any form or shape for the years I have been with them. They are reliable and trust worthy that you can count on them to best of my knowledge. One nice feature that Meta Trader4 offers for newer or less experienced traders is the option to mimic what experienced professional traders do. This is a useful learning tool to minimize some amount of risk, especially with inherently high-risk trades like forex and CFDs.
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. Customer service is useless, unless you push past the first level for your issue to be taken seriously. They block trading on many stocks.There is currently a difference in the amount of money available in my account and the amount available to withdraw. I’ve been waiting for weeks for this to be investigated, and still nothing. All our employees undertake a rigorous training programme on an ongoing basis, including regular reviews of all our policy documents, with assessments to prove understanding and awareness. In my personal opinion this is the best order execution window out there for mobile platforms.
Protecting your data
However, overnight trading fees, inactivity fees, and spreads are charged as standard by the broker. In jurisdictions where CMC Markets offers real shares, a commission is charged. Other fees that may apply to Retail CFD and Corporate account holders are additional market data fees. Two-factor authentication, or 2FA, is an added layer of security that requires you to enter a verification code, as well as your password, every time you log in to your online account.
- CMC Markets offers a diverse range of over 12,000+ CFD products encompassing commodities, currencies, ETFs, shares, forex indices, stock indices, share baskets and treasuries, surpassing the product range of the vast majority of online brokers.
- CFDs are distributed in Canada by CMC Markets Canada Inc. acting as principal.
- Furthermore, you can gauge the suitability of its platforms and services by opening a demo account before funding a live account.
Ease of navigation and the ability to customise my trading workspaceuser-friendly interface. What I like most is the transparent fee structure, with no charges for account, deposits, or withdrawals. CMC Markets technical analysis and charting tools are as good as it gets. In every chart you can open a lower panel for accessing drawing tools, indicators and pretty much everything you need. I opened a demo spread trading account and after half an hour I sent an email to close it as CMC did not have the instruments I was looking for. I would definitely have opened a full account with them if they provided futures (i.e forwards) on shares.
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. Watch out for online contact from fraudsters who are offering victims the opportunity https://forexbroker-listing.com/ to take part in ‘get rich quick schemes’ by trading in financial instruments. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. In our 2024 Annual Awards, CMC Markets finished Best in Class in the Commissions and Fees category thanks to its consistently low spread offering, which is available for all customer segments and account types.
If you are on the fence about whether to give CMC Markets a try, the free demo account populated with virtual “funds” is a nice touch and might be a way to get a sense of whether the software is the right fit for your preferences and trading needs. There is no doubt you have a lot of variety in terms of your desktop user interface and at least some mobile functionality to support trading on the go (more when using the Meta Trader4 software than with Next Generation at present, unfortunately). To view certain CFD share pricing (Australia, Hong Kong) you will need to take out a subscription.