The broker is also available on social media; Facebook, Twitter, LinkedIn and YouTube. They don’t have a dedicated social trading platform or the MT5 platform, but this is not a deal breaker for me personally. I actually prefer MT4 and find it to be the best trading platform for my trading style. Similarly, Pepperstone offer trading on the MT5 platform if you need it.
Trading Fees
Established in 1989, we have 30 years’ industry knowledge and experience. We’re listed on the London Stock Exchange and headquartered in London, with several international offices in many of the world’s leading financial centres. This allows us to support over 86,000 clients worldwide, who altogether execute 68.4 million CFD and spread bet trades annually ( ).
Where is CMC Markets based?
If you prefer a broker that offers crypto funding, you might want to check out Hugo’s Way. It is web based and thus, does not require any downloads or installations. The Next Generation platform is designed with multiple windows and layouts. I like this platform as it is loaded with analytical tools, complex charting package, advanced order management, news, etc. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
Trade Experience
However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. CMC Markets is an internationally regulated online broker, based in the United Kingdom. Traders from the https://forexbroker-listing.com/ UK are also covered under the FSCS protection scheme up to £85,000 in individual and up to £170,000 in joint accounts. Online orders for US, UK, Japanese, and Canadian-listed company shares incur no brokerage fee for trades over $1,000 in value.
Asset Classes Available to Trade Through CMC Markets 💸
Founded in 1989 in the United Kingdom (UK), the broker is listed on the London Stock Exchange (LSE) with the ticker symbol CMCX. I like how they are regulated in multiple jurisdictions while also offering tight spreads and modern technology. CMC Markets has become a leading spread betting and CFD provider in the world today. At CMC Markets, traders have access to an extensive range of markets with 156 forex pairs and 12,074 tradeable symbols, significantly above the industry average of 3,623 symbols.
- Although clients can choose between trading and investment account types, the company doesn’t offer swap-free accounts.
- Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk.
- CMC’s software security is aligned with the best that the industry has to offer.
- For this you have to download Next Generation and create an account.
- CMC Markets is a fantastic choice for its trading platforms and tools, offering a user-friendly proprietary platform alongside the widely-used MetaTrader 4.
- So that I could look back on the graph and see my previous entries and exits.
However, the broker seems to have temporarily suspended its web chat service. Not to mention a detail-oriented FAQs section is accessible round the clock. Clients can dig into it to find quick resolutions to their queries on a run-time basis. Moreover, it also holds representation on social media platforms, like Facebook, Twitter, LinkedIn and Youtube.
In addition to supporting the popular 3rd-party MT4 platform from MetaQuotes, CMC Markets offers a powerful proprietary web-based platform called Next Generation, as well as iOS and Android mobile applications. The sophisticated mobile app includes powerful charting features and more than 40 popular indicators and drawing tools. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. For example, in Canada there is up to $1 million in protection available per eligible client, under the Canadian Investor Protection Fund (CIPF). In the U.K., if eligible, your funds are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS).
I think they can be a good choice of broker for anyone looking to trade online in a regulated environment with very competitive trading conditions and minimal fuss. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
If you’re trading from elsewhere, head over to cmcmarkets.com and see what fees apply for your locality. In 2022, CMC Markets launched an incentive account, the Alpha account. It’s for traders with a higher than average balance who do not yet meet professional account requirements. There are three account tiers based on the volume and size of trades made.
The views and opinions expressed on this website are purely the author. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. All you need to do is download the app from Google PlayStore, or App Store on your mobile device and start trading your favourite stocks seamlessly. While the mobile trading app doesn’t have as many indicators as accessible via the desktop platform, they do not synchronise with the web version either. As with the web-based Next Generation platform, the chart feature on the mobile app is commendable.
Guaranteed stop losses (GSLO) are available only on Next Generation at an added premium that is charged to your account. This cost is refunded In the event that the GSLO is not triggered. There is a commission charge that comes into play when one is trading individual shares and ETFs. This may be charged to your account directly upon order execution or added to the either side of the spread, depending on whether it’s classified as a CFD or spread betting account.
According to forex industry research website ForexBrokers.com, it has a trust score of 99 and is “Highly Trusted.” The event calendar for Pro features corporate events, while the standard features generic economic events. Standard account holders get Dow Jones news feeds, while Pro CMC Invest account holders get access to a built-in Reuters feed. 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.
The following table summarizes the different investment products available to CMC Markets clients. These factors make CMC Markets an all-around winner and an appealing choice for both beginners and advanced traders. Third-party research from Reuters and Morningstar is also available for clients with live accounts. MetaTrader is a powerful platform with impressive features but the interface appears dated in comparison with the Next Generation Platform. What distinguishes MetaTrader is its ability to perform strategy backtesting and automated trading. The Next Generation platform is both user friendly and feature rich with advanced tools and robust charting.
The product range is plentiful for new traders as well as professionals. Aside from the ambiguous free-floating fee structure, CMC Markets offers one cmc markets review of the most customizable trading dashboards on mobile and desktop today. Australian traders can also access the webIRESS platform from $126.50.