CMC Markets Review

Author By Jeffrey Cammack
Updated: September 29, 2021
Overall Rating
4.69 4.69 / 5
Rated #2 of 57 Recommended Brokers
Min. Deposit
AUD 5
Regulators
Trading Desk
Trading Cost
USD 7
Website Language
English, Polish, Swedish
Support Language
English, Polish, Swedish, Chinese
AlertAccepts Australian Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & CMC Proprietary platforms supported. CMC Markets is regulated by the ASIC, FCA, MAS and the FMA.

Forex Australia follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure.

Summary

CMC Markets is a British Forex and CFD broker with regulation from national authorities in Australia, UK, Singapore and New Zealand – all top-tier regulators – making it one of the world’s safest brokers. It offers trading on over 10,000 financial assets, including 330+ Forex pairs, indices, shares, commodities, treasuries, cryptocurrencies, ETFs, 8000+ shares, and share baskets; one of the largest CFD offerings in the industry.  

Although CMC Markets has only one live commission-free account, its trading costs are low compared to other CFD brokers, with spreads starting at 0.7 pips on the EUR/USD and no minimum deposit requirements.   

CMC Markets offers full support for MT4 and its award-winning proprietary platform, Next Generation, which has a broad range of advanced order management and technical analysis tools in addition to a built-in Reuters news feed. 

CMC Markets also provides a world-class selection of educational materials for beginner traders, and its market analysis section is one of the best in the industry.  Drawbacks for traders considering CMC Markets are the high withdrawal costs on some payment methods and high currency conversion fees.  

Reviews

Regulation
111115/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
111115/ 5
Assets Available
111115/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
$200 Welcome Bonus

Account Information

Base Currencies
AUD, USD
Number of FX Pairs
350
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.70 pips
Commission
Fees Included in Spread
EUR/USD
0.7 pips
GBP/USD
0.9 pips
USD/JPY
0.7 pips
Max. Leverage
30:1

Company Details

Company Name
CMC Markets Asia Pacific Pty Ltd
Founded
2002
Office Locations
Australia, United Kingdom, Singapore

Pros

  • Well regulated
  • Tight spreads
  • Good for beginners
  • Excellent education
  • Excellent market analysis

Cons

  • No swap-free account option

Is CMC Markets Safe?

Yes, CMC Markets is a safe broker. It is one of the best-regulated brokers in the industry, with oversight from eight major regulators and a long track record of responsible behaviour. CMC Markets plc is also listed on the London Stock Exchange and is a member of the FTSE 250 index, providing further regulatory scrutiny.

CMC Markets is widely recognised as a pioneer in CFD trading. The company was founded in London in 1989 and it launched the world’s first online Forex trading platform in 1996. It opened an office in Sydney in 2002 and CMC Markets Asia Pacific has been licenced by ASIC since 2004. The parent company (CMC Markets plc) has been listed on the London Stock Exchange since 2016, adding a further level of regulatory oversight.  

CMC Markets is regulated by many top-tier regulators, including the Financial Conduct Authority (FCA) UK, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Germany, the Australian Services Exchange (ASX), the Dubai Financial Services Authority (DFSA), the Investment Industry Regulatory Organization of Canada (IIROC), the Financial Markets Authority (FMA) of New Zealand, and the Monetary Authority of Singapore (MAS).  See below for a list of registered companies:

  • CMC Markets Asia Pacific Pty Ltd is authorised and regulated by Australian Securities and Investment Commission (ASIC) ABN 11 100 058 213, AFSL No. 238054
  • CMC Markets UK Plc is authorised and regulated by the Financial Conduct Authority (FCA), registration number 173730.
  • CMC Markets Germany GmbH is a company licensed and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 154814.
  • CMC Markets Stockbroking Limited, Participant of the Australian Securities Exchange, Sydney Stock Exchange and Chi-X Australia – regulated by ASIC ABN 69 081 002 851, AFSL: 238054.
  • CMC Markets Singapore Pte. Ltd. is regulated by the Monetary Authority of Singapore (MAS), Reg. No./UEN 200605050E.
  • CMC Markets Middle East Limited is authorised and regulated by the DFSA, registration number 3039.
  • CMC Markets Canada Inc is authorised and regulated by the IIROC, registration number 2448409.
  • CMC Markets NZ Limited is authorised and regulated by the FMA, Company Registration Number 1705324.

Australian residents will be trading with CMC Markets Asia Pacific Pty Ltd which is regulated by ASIC – Australia’s globally respected financial regulator. 

In early 2021, ASIC tightened its restrictions on CFD trading to better protect traders. As a result, CMC Markets clients in Australia will have a leverage limit of 30:1 for Forex trading and will be provided negative balance protection, meaning that traders can never lose more money than they have in their trading accounts. In addition, ASIC regulations ensure that CMC Markets keeps its operational funds segregated from client accounts, but also prevent CMC Markets from offering promotions or bonuses. 

While the additional protection offered by ASIC regulation is welcome, some Australian traders may find the low leverage levels and lack of bonuses at CMC Markets restrictive. The only way around these restrictions is to trade with a broker which does not have ASIC regulation, which of course then means less protection.

Awards

Over the last two years, CMC Markets has won over 50 awards, recognising its quality of service and innovative technology.  Recent awards include:

  • Best Telephone Customer Service, Best Email Customer Service & Best Education Materials/Programmes (Investment Trends 2020
  • Best Overall Satisfaction, Best Platform Features, Best Mobile/Tablet App, Rated Highest for Charting (Investment Trends 2019).
  • Best In-House Analysts 2019 (Professional Trader Awards)
  • Highest Overall Client Satisfaction, Best Platform Features, Best Customer Service, Best Educational materials/programs, and Best Value for Money (Investment Trends Australia 2018). 

Overall with its long history of responsible behaviour, a public listing on the London Stock Exchange, and high level of regulatory oversight, we consider CMC Markets a safe broker to trade with.  

Scroll for more detailsPreviousNext
Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
ASIC
FCA
MAS
FMA
Market Maker
2002
Australia, United Kingdom, Singapore
Deposit Fees for Credit/Debit Card

CMC Markets Trading Costs

CMC MarketsForex trading fees are lower than most other Forex and CFD brokers.

There is only a single CFD trading account at CMC Markets, which is unusual as most of its competitors have several account types with tighter spreads linked to higher deposit requirements. Click here for more details on CMC Markets’ single account.

CMC Markets has a simple account structure with trading costs lower than the industry average. CMC Markets states that its revenue is derived from the spread, but it is not transparent about how the spreads are derived, and it does not publish the average spreads on its site.   

CMC Markets’ accounts were assessed to compare the costs to those of other brokers. The costs were evaluated based on the trading fees on one lot (100 000 USD) of EUR/USD, including the spread and commission:

Spread x Trade Size + Commission = Total Trading Cost (USD):

CMC Markets Trading Costs

As you can see from the table, the trading costs are built into the spread At CMC Markets, the spread is variable and gets wider or tighter depending on trade volume and market volatility. 

The average cost of trading one lot of EUR/USD is 7 USD, which is lower than other similar brokerages – the average trading cost at other market makers is around 9 USD per lot.  Additionally, there is no minimum deposit requirement at CMC Markets, making it accessible to traders of all experience levels. 

Scroll for more detailsPreviousNext
Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
111115/ 5
AUD, USD
0.70 pips
USD 7
0.7 pips
0.9 pips
0.7 pips
0.0
111115/ 5
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
0.69 pips
USD 6.90
0.1 pips
0.6 pips
0.3 pips
0.0
111115/ 5
USD, AUD, CHF, CZK, DKK, EUR, GBP, NOK, PLN, SEK, ZAR
0.70 pips
USD 7
0.6 pips
1.6 pips
0.9 pips
0.0

Swap Fees

Like all CFD brokers, CMC Markets charges a swap fee on trading positions that are held overnight. In a welcome show of transparency, CMC Markets publishes the swap fee and the time you will be charged a swap fee next to each instrument’s name.

The swap fee is either added to or subtracted from your account depending on the tom-next (tomorrow next) rate – which is based on the interest rate differential between the two currencies in a Forex pair.

The formula used to calculate the daily overnight funding amount of a position is:

  • For a long position:  tom-next rate in % minus 1% 
  • For a short position:  tom-next rate in % plus 1%  

Even though CMC Markets only offers one live account, its ongoing trading costs are lower than most other similar brokers in the Forex trading industry – though it is hard to be completely accurate as CMC Markets does not publish its average spreads. 

It’s also good to see that CMC Markets is following the current trend of removing minimum deposits entirely, though we recommend that traders always open a trading account with at least 200 GBP to avoid margin calls due to market volatility.

CMC Markets’ non-Trading Fees

CMC Markets has higher non-trading fees than most other market makers. CMC Markets does not charge fees for deposits, but it charges withdrawal fees on some payment methods and its currency conversion fees are higher than average.

CMC Markets does not charge any deposit or account fees, but it charges withdrawal fees for some payment methods.  For example, it charges a fee of 15 AUD for instant withdrawals and bank wire transfers (for more on CMC Markets’s deposits and withdrawals, click here).

CMC Markets also charges an inactivity fee of 10 AUD per month after 12 months of account dormancy.  These fees are common in the industry, and CMC Markets’ inactivity fees are reasonable.  

Additionally, CMC Markets charges a currency conversion fee of 0.5% for accounts denominated in currencies other than those supported by CMC Markets (click here for more information on CMC Markets’ trading account currencies). While most brokers will charge a small fee for currency conversion, 0.5% is quite high for the industry and can become expensive when depositing or withdrawing large amounts.  

Overall, CMC Markets’ non-trading fees are higher than average.   

Opening an Account at CMC Markets

The account-opening process at CMC Markets is fully digital, and accounts are ready within one to two days, which is around the industry average.  

All Australian residents are eligible to open an account at CMC Markets.

CMC Markets offers corporate, joint, and individual accounts, but we will focus on opening an individual account:

  1. Select your country of residence, then provide an email address and a password.
  2. CMC will send you a confirmation code via email; enter this code to proceed.
  3. Choose the account type (see below for CMC Markets’ account types) and preferred base currency.
  4. Fill in your personal details and financial background.
  5. Next, you will have to upload documents to verify your identity and residency. CMC Markets requires at least two documents to accept you as an individual client:
    1. Proof of Identification – CMC Markets accepts all government-issued identification documents such as Passport, national ID card, driving license, or other government-issued ID. The document must be valid and must contain a trader’s full name, date of birth, a clear photograph, issue date, and if it has to have an expiry date, that should be visible as well. If the document has two sides, then scans of the front and back sides must be uploaded.
    2. Proof of Address – Proof of residence/address document must be issued in the name of the CMC Markets’ account holder within the last 6 months and must contain a trader’s full name, current residential address, issue date, and issuing authority. 
    3. Once your account is verified, you can go ahead and make your first deposit.

We advise you to read CMC Markets’ risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, the account-opening process at CMC Markets is hassle-free, and accounts are ready for trading within one to two business days.

CMC Markets Account Types

CMC Markets offers only one account type, whereas most CFD providers will provide at least two or three, but its account is suited to both beginners and more experienced traders.

Once registered with CMC Markets, traders will be able to open both a live trading account and a demo account on either the MetaTrader 4 (MT4) trading platform or CMC Markets’ proprietary Next Generation trading platform. 

CMC Markets’ single live trading account is suited to both beginners and more experienced traders. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. CMC Markets’ account has no minimum deposit requirement, no commission, and low ongoing trading costs, making it well-suited to beginner traders.

While experienced traders often prefer higher minimum deposits and tighter spreads, in exchange for a commission per lot, CMC Markets offers a low-cost trading environment and a wide choice of tradable assets (click here for more on CMC Markets’ available assets), making it appealing to more experienced traders.  CMC Markets also offers professional accounts for more experienced traders who meet certain criteria. 

CMC Spreads

CMC Markets offers a demo account, a spread-betting account, and a live CFD trading account with no minimum deposit requirements.

CMC Markets is a market maker with an automated dealing desk, negating some of the conflict of interest inherent in the market maker model.  The only account choice available at CMC is the platform you use. MT4 only allows for Forex, commodity, and index trading, so if you are interested in trading CMC Markets’ other asset classes you will have to use CMC’s Next Generation platform.  CMC offers leverage of up to 30:1, allows netting and hedging, and offers Islamic swap-free accounts.   

Retail Account

A market maker, CMC Markets’ retail account is commission-free and has spreads that start at 0.7 pips on the EUR/USD, which is tighter than most other brokers. There are no minimum deposit requirements, but depending on which trading platform you choose to use your trading may be restricted. For more on CMC Markets’ trading platforms, click here.

Professional Account

CMC Markets offers a professional account to traders that meet certain eligibility criteria.  A professional client has waived ASIC protections afforded to retail clients, such as negative balance protection and restrictions on high-risk products, and are afforded leverage of up to 500:1.  Clients must fulfil at least two out of the three following eligibility criteria to become a professional trader:

  • Clients must have net assets of 2.5 million AUD or gross income for each of the last two years of at least 250,000 AUD
  • Clients must demonstrate their knowledge of finance by completing an online test
  • and clients must demonstrate their trading experience: at least 50 trades per quarter with a notional value of 500,000 AUD
Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
CFD Account
USD 5
30:1
0.70
None
Account Details

Demo Account

CMC Markets offers a free demo account containing virtual funds. This allows you to try out our platform in a risk-free environment and practice various trading strategies and techniques.  The demo account does not expire, and more virtual funds can be loaded at any time.  

Overall, although CMC Markets only offers a single live account, its trading costs, no minimum deposit requirements, and wide range of assets make it appealing to both beginners and experienced traders alike.

CMC Markets Deposit and Withdrawal Fees

CMC Markets offers an average range of funding methods, and while deposits are free, it charges for some withdrawal methods.  

As a well-regulated broker, CMC Markets ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source. 

You can fund your account using a credit or debit card or by transferring funds from your bank account, and CMC Markets does not accept cheques or cash deposits.  See below for more details:

  • Bank transfers: Deposits are free, and can take several days to reflect.  International bank transfers are charged a 15 AUD fee for withdrawals.
  • POLi:  Deposits and withdrawals are free and instant via POLi, which works with the following banks: ANZ, Commonwealth Bank, NAB, Bankwest and Westpac
  • Credit Cards/Debit Cards (Visa/Maestro):  Credit and debit card deposits are instant and free.  A 1% fee is charged for withdrawals by credit card, and 0.6% on debit cards, and these take a day to be processed.
  • PayPal: Deposits and withdrawals are instant and free.  

How do you withdraw money from CMC Markets?

  • Go to CMC’s web trading platform
  • On the left sidebar, click ‘Funding’
  • Click ‘Withdraw’
  • Choose the method for withdrawal
  • Add the amount you wish to withdraw
  • Confirm your withdrawal

Overall, CMC Markets offers an average range of funding methods compared to most other brokers, and while its deposits are free, withdrawals via debit and credit cards are expensive.  

CMC Markets Base Currencies

CMC Markets offers 10 base currencies, which is a much wider range than is available at other brokerages, including accounts denominated in AUD.  

The base currencies available at CMC Markets include AUD, USD, GBP, EUR,  CAD, PLN, SGD, NOK, NZD, and SEK.   

CMC Markets offers a wide range of base currencies, including accounts denominated in AUD, which is good for Australian traders who will likely have AUD bank accounts. Australian traders will therefore be able to avoid paying conversion fees, unless trading on instruments with other base currencies, such as the EUR/USD.  In this case, CMC Markets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different from the currency of a trader’s account.  The Currency Conversion Fee is up to 0.5% of the trade’s realised net profit and loss, which is higher than fees charged by other brokerages.  

Overall, CMC Markets offers a wider range of base currencies than other brokers, including AUD accounts, but charges higher currency conversion fees than other similar brokers.  

Trading Platform

With support for MT4 and its own proprietary trading platform, CMC’s platform offering is average compared to most other brokers.

CMC Markets supports both its award-winning, proprietary trading platform (Next Generation) and the industry-standard MetaTrader 4 (MT4).  The advantage of brokers offering third-party platforms such as MT4 is that traders can take their own customised versions with them should they decide to migrate to another broker.  Additionally, CMC Markets offers its own proprietary platform (Next Generation), which is more beginner-friendly than MT4 and offers some excellent analysis features (these can be found below in trading tools). 

Next Generation

Next Generation is available via browser and mobile app and is built to cater to traders of all experience levels.  It has an intuitive interface, executes trades with high speeds, and unlike most other proprietary platforms, is highly customisable.  Other features of the platform include:

  • 80 technical indicators
  • 70 chart patterns
  • 12 chart types and allows trading directly from the chart
  • An Economic calendar and Reuters Newsfeed are both built-in and available in the mobile app. 

The only real downside to the Next Generation platform is the lack of custom indicators and that it does not feature automated trading.   

MetaTrader 4 (MT4)

The MT4 trading platform is the most widely used Forex trading platform and at CMC Markets you can also use it to trade commodities and indices.

While you won’t receive many of the features available with Next Generation, you will be able to use your customised expert advisers.  Other features of MT4 include: 

  • A built-in library of more than 50 indicators and tools to streamline the analysis process
  • An impressive array of 24 analytical tools, available in nine timeframes for each financial instrument.
  • Three chart types
  • Four order types
  • One-click Trading
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Customisable alerts
  • Access to MetaTrader market and MQL4 community. 

While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find.  In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
11110.54.5/ 5
CMCmarkets

Overall, CMC Markets offers an average selection of platforms compared to other brokers, but the Next Generation is user-friendly and offers a number of impressive trading features.

CMC Markets Mobile Trading Platforms

CMC Markets offers an excellent mobile trading experience compared to other market makers. 

CMC offers support for MT4 and the Next Generation mobile trading apps for Android and IOS.

CMC Markets

MT4 Mobile

Beginner traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced timeframes and fewer charting options.  In addition, spotty connections can reduce the overall trading experience. Generally, it is better to be at your desktop to conduct day-to-day trading and use a mobile device to keep an eye on the markets or close open positions.

The CMC Markets MT4 app allows traders to work from anywhere, with functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading to further assist traders while on the move.

Next Generation Mobile

Available on iOS and Android, the Next Generation mobile application closely resembles the web browser version of the platform.  It is cleanly designed and comes packed with multiple research tools, powerful charts, excellent drawing tools, pre-defined watch lists for scanning, integrated news, and educational content.  It also features a customisable dashboard, a range of notification types, a live market calendar, and in-app support.  Overall, the Next Generation mobile app provides a superior trading experience compared to other proprietary apps on the market and is more beginner-friendly than the MT4 mobile app.

On the whole, CMC Markets’ mobile trading experience surpasses that of other brokers.

CMC Markets Trading Tools

CMC Marketstrading tools are average compared to other brokers – the only tools on offer are those that integrate with the Next Generation. 

There are several interesting trading tools available for traders using the Next Generation platform.  These include:

Client sentiment

The client sentiment feature shows the percentage of CMC Markets clients who have bought versus the percentage who have sold for a particular asset, so you can gauge other clients’ expectations. You can also see the monetary value of these positions as a percentage.

Pattern recognition scanner

The Pattern recognition scanner scans over 120 assets every 15 minutes for emerging and completed chart patterns. When patterns complete, a price projection box is generated to highlight potential price action movement.  

Module linking

This feature allows you to group different modules together so that when you change the product shown in one module, all the other grouped modules automatically update to show the new product. Grouped modules can be linked to Reuters’ market news, client sentiment, charts and order tickets for fast analysis.

Guaranteed Stop-Loss Order (GSLO)

Like many of its peers, CMC Markets offers Guaranteed Stop-Loss Orders (GSLOs). These orders guarantee the stop-loss order price will be honored, but CMC Markets charges a premium for using GSLOs, displayed in the trade ticket window. Most brokers charge for GSLOs. If not triggered, CMC Markets refunds 100% of the cost automatically.

Scroll for more detailsPreviousNext
Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS

Overall, CMC Markets’ trading tools are average compared to other brokers.  While the tools available on the Next Generation trading platform are good,  it doesn’t offer any of the third-party tools typically seen at other brokers – such as a VPS service or technical tools such as Autochartist.   

CMC Markets Financial Assets to Trade

CMC offers one of the broadest range of tradable assets in the industry, including over 330 Forex pairs and 8000 shares, among others.

CMC Markets offers over 10,000 CFD trading instruments on all trading accounts. Besides Forex pairs, CMC Markets offers indices, shares, share baskets, commodities, cryptocurrencies, bonds, treasuries, and ETF trading.

Scroll for more detailsPreviousNext
Financial Instrument
Number of Assets
Leverage
Commodities
136
10:1
Cryptocurrencies
12
2:1
Stock CFDs
ETFs
1,000
5:1
Forex
350
30:1
Indices
80
20:1

  • Forex pairs: CMC Markets offers over 330 Forex pairs to trade, including majors, minors, and exotics such as USD/ZAR and ZAR/JPY. This is the largest forex offering found at any broker. Maximum leverage is 1:30.
  • Commodities: CMC Markets offers trading on 136 commodities, including metals, energies, agriculture, and commodity indices, and again, is one of the broadest offerings in the industry.  Maximum leverage on commodities is up to 1:10. 
  • Shares: CMC Markets excels in its share CFD offering, and professional traders looking for a specific instrument will be satisfied.CMC Markets offers over 8,000 share CFDs to trade, including popular US tech companies, multinational energy companies, and more.  Maximum leverage is 1:5.
  • Share Baskets: In addition to its range of share CFDs, CMC Markets also offers trading on 18 share baskets.  Having analysed trends driving the market, CMC Markets has grouped shares into topical buckets such as Driverless Cars or Renewable Energy, allowing traders to trade CFDs across a theme with a single position.  The maximum leverage on share baskets is up to 5:1.
  • Indices: CMC Markets offers cash and futures contracts on over 80 international indices, including the NASDAQ, S&P500, FTSE100, and the Nikkei. This is a broad range of indices compared to other brokers. Maximum leverage is 1:20.
  • Treasuries: CMC Markets offers CFD trading on over 50 bonds, which is also an impressive offering, considering that other brokers only allow trading on between 3 – 5 bonds.  Treasury CFDs include US Bonds, European Bonds, and Rates. Maximum leverage is 1:30.
  • ETFs: Exchange Traded Funds have rapidly gained in popularity in recent years, and CMC Markets offers spot contracts on 1,000 of the most traded ETFs in the world, which is substantially higher than what is offered at other brokers.  Maximum leverage is 1:5.
  • Cryptocurrencies: Cryptocurrency trading is one of CMC Markets’ most popular asset classes and though cross-cryptocurrency trading is not available, a large number of pairs are available with competitive spreads.  USD crypto pairs offered are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Neo, Ripple, Dash, Monero, EOS, Stellar, Cardano, and Tron.  Note that crypto trading is not available for traders regulated under the FCA subsidiary.
Scroll for more detailsPreviousNext
Fx Pairs
CFD Investments
350
Cryptocurrencies
Forex
Indices
Stock CFDs
Commodities
ETFs

Overall, CMC Markets excels in its range of tradable assets, offering the broadest range and depth of assets available at any other broker.  This is a great advantage for professional traders who may be looking for a specific asset.  

CMC Markets Educational Content

The educational content available is multi-format, comprehensive, and more useful for beginners than that available at most other brokers.

All of CMC Markets’ educational material is free for all visitors to the website.

Because CMC Markets is a multi-asset broker, much of the educational material is grouped together under the umbrella term CFD Trading- especially the Video Trading Guides.

That said, there is a standalone Forex section, titled Learn Forex Trading. Here you will find:

  • Forex Trading Explained: A collection of articles for complete beginners covering the basic concepts and terminology of Forex trading.
  • Forex Trading Strategies: A collection of articles covering the basics of technical and fundamental trading.
  • Trading Smart eBooks: A small library of eBooks covering subjects such as economic data, day trading, identifying trends, risk management, pattern recognition and trendlines.
  • Video Trading Guides: A collection of videos covering strategies and concepts in CFD trading. Though these aren’t specific to Forex trading, all of the subjects covered are applicable.

In addition, there is a dedicated platform and software tutorial section – important for beginner traders who would like to get trading as quickly as possible.

CMC also offers regular webinars in conjunction with Trade With Precision, a third-party training company. Webinars cover subjects such as: How to use technical analysis, Finding opportunities and Possible trade entry and exit points – an upcoming Webinar series titled Ultimate Trading Bootcamp looks promising for beginner traders. All of the webinars are free with registration.

The only downside to the educational section at CMC is the poor organisation, it can be difficult to find exactly what you want – especially in the video section – and much of the Forex material is grouped together with CFDs in general.

Overall, the education section is competent, in-depth, and caters to traders of all experience levels, but it is not well-structured, making it difficult to find exactly what you’re looking for.  

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
High
Medium
High

CMC Markets Analysis and Research

CMC Markets has a competent in-house research team and has partnered with several third-party analysis companies to provide more useful market analysis than is available at most other brokers.

CMC Markets is really top of the class when it comes to analysis and research and all analysis is comprehensive, in-depth and provided by both its in-house analysts and third-party companies.  See below for more details:

  • Economic Calendar: Fully interactive with impressive depth – it also features a powerful country comparison function for a wide range of economic indicators and has fully customisable date fields.
  • Daily (sometimes hourly) research and fundamental analysis from in-­house analysts and third parties (such as Trade With Precision or Morningstar). Articles can be filtered by region and asset class.  The reports are regularly updated, and include quantitative research, along with important details from annual financial statements. 
  • The Week Ahead: A weekly video featuring the top stories to keep an eye on for the week ahead is also available on YouTube. 
  • CMC Markets APAC YouTube Channel: A repository of all of the video content output from CMC Markets in Australia, as well as from the wider Asia Pacific region.
  • Five Minutes a Day Trading: An excellent video and article series, which follows senior CMC analysts as they trade for five minutes a day on a popular Forex asset over a month. This is a good way to relay analytical content while educating the audience and is particularly useful for beginners.
  • In-Built News: If you are using CMC’s Next Generation trading platform, the Economic Calendar and news/analysis are built-in to the software so you can keep up to date while trading.
  • Thomson Reuters’ Newsfeed:  Also built into the Next Generation platform, the newsfeed is provided by a third-party company, Reuters’, and includes updates on politics and on the biggest listed companies in various markets, among others.

All of the in-house analysts are active on Twitter and frequently post updates featuring their own personal take on events and price action in the markets.

Between the analytical and fundamental tools and the quality of market research on offer – in audio, text, and video format – from both in-house and third-party experts, CMC Markets’ market analysis is considerably more useful than most other brokers.

CMC Markets Customer Support

CMC Markets offers 24/5 customer support via email and phone.  Its offices are located around the world, and as such its telephone support is available in many languages.

One major oversight is the fact that there is no live chat feature.  This prolongs response times and makes traders reluctant to contact CMC Markets, especially when having to phone an international number.    

Overall, CMC Markets’ customer support is substandard compared to what is offered at other similar brokers.  

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the CMC Markets offer. Central to that process is the evaluation of reliability, the platform offering and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned.

CMC Markets Disclaimer

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with CMC Markets. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Overview

CMC Markets is a large, international well-regulated broker with a single live account that boasts competitive spreads and no minimum deposit requirement on the largest range of financial assets in the industry.   Trading is offered on both MT4 and its powerful, innovative proprietary platform that features numerous technical and fundamental analysis tools.  CMC Markets also offers excellent education and market analysis materials to get new traders started, and although customer service is offered 24/5, it does not provide a live chat feature, which is a serious oversight by this broker.

AlertAccepts Australian Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & CMC Proprietary platforms supported. CMC Markets is regulated by the ASIC, FCA, MAS and the FMA.
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.69/ 5
AUD 5
Market Maker
Cryptocurrencies
Forex
Indices
Stock CFDs
Commodities
ETFs
350
12
  • Well regulated
  • Tight spreads
  • Good for beginners
  • Excellent education
  • Excellent market analysis
  • No swap-free account option
111115/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
111115/ 5
111115/ 5
111104/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.70 pips
CFD Account
CMCmarkets
Bank Transfer
Visa
Mastercard
Paypal
BPay
POLi
Fees Included in Spread
11110.54.61/ 5
AUD 100
ECN/DMA
Commodities
Cryptocurrencies
Forex
Indices
Metals
60
5
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
    11110.54.5/ 5
    111115/ 5
    111115/ 5
    111104/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    79.3% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0 pips
    Razor
    Standard
    Swap-free
    Bank Transfer
    Visa
    Mastercard
    Skrill
    Paypal
    Unionpay
    POLi
    BPay
    From 7 USD / lot - Razor Account
    11110.54.49/ 5
    AUD 100
    Market Maker
    Commodities
    Cryptocurrencies
    Forex
    Stock CFDs
    ETFs
    Bonds
    Blends
    67
    6
    • Well regulated
    • Tight spreads
    • Wide range of assets
    • Fast and free withdrawals
    • High minimum deposit
    11110.54.5/ 5
    111115/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    1110.503.5/ 5
    111115/ 5
    111104/ 5
    74.93% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.60 pips
    Live
    Bank Transfer
    Visa
    Mastercard
    Maestro
    Skrill
    Neteller
    Paypal
    Fees Included in Spread
    Visit Broker

    Share your knowledge

    Stay updated

    This form has double opt in enabled. You will need to confirm your email address before being added to the list.

    Featured Brokers

    Close
    >