CMC Markets review and test for investors – good choice or not?

4.9 out of 5 stars (4.9 / 5)FCA, ASIC, FMA, MAS10,000$ 0From variable 0.7 pips

Is CMC Markets a reliable CFD Broker or not? – CMC Markets is one of the biggest CFD providers for online trading. With more than 9 years of experience in the financial markets, we will test the trading platform in detail. Read about the conditions and trading offers in the next sections. Is it really worth investing your money with CMC Markets? – Find out in the following review.

CMC Markets official website
CMC Markets official website

What is CMC Markets? – The company presented

The Currency Management Corporation (CMC), is a United Kingdom-based financial derivatives dealer. The CMC organization provides several online trading such as Contracts For Difference (CFDs), spread betting, and forex in the global markets. CMC is listed on the London Stock Exchange. The CMC is based in London, UK. It has several branches in Singapore, Sydney, plus other international offices.

In 1989, Currency Management Corporation (CMC) was established as a Foreign Exchange Market by Peter Cruddas. Later in September 2005, the name was changed to CMC Markets. CMC Markets became regulated and licensed in the United Kingdom by the Financial Service Authority (FSA) in 1992.

The company inaugurated a live FX trading platform in 1996 and had done its first FX deal over the internet. CMC Markets was one of the financial companies to provide online trading. The MarketMaker software platform was used to pioneer CMC Market’s internet trading technology. Since 1989 the company has had a good track record and you can also read on Wikipedia about the company.

cmc markets platform

Facts about the company: 

  • Founded in 1989
  • Based in the United Kingdom
  • Worldwide branches
  • Listed on the London Stock Exchange
  • Professional and leading technology
  • Award-winning company

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,500+ markets
Live account from $ 20:

(Risk warning: 79% of retail CFD accounts lose money)

Review of the conditions for traders

On CMC Markets, an account permits a trader to deposit a minimum of $ 0 and use at most CMC Markets maximum leverage of 1:500, this is just one of the highest purchases provided in the market. Though there are no precise restrictions as to minimum deposits, traders could place a deposit of $ 200 to begin a trade.

CMC Markets has only one account model for online trading where a variable spread is added to the real market prices. The spreads are depending on the market and situation. The difference between the real market price and added spread is the profit for the broker. That is how CMC Markets earns money.

See the average spreads and margin in the table below: 

FOREX330+0.7 points3.3%
INDICES90+0.3 points5%
COMMODITIES110+0.3 points5%
TREASURIES50+1 point20%

The brokers are permitted to follow the STP protocol that is corresponding to orders internally without any advancement to the global liquidity providers irrespective of the account operated on the platform. The CFD Broker does not allow any type of payment apart from using bank transfers or credit cards. On standard accounts, CMC Markets provides a spread as low as 0.7 pips variable on major currency pairs. They only include commissions for investing in equities and share trading.

The lesser the investment rate, the higher leverage, smaller spread, and zero commission on trades is an excellent opportunity for hedgers, scalpers, and high-frequency traders for investing in the FX markets without cost limitations. CMC Markets provides the most significant number of financial tools for trading, and this shows its real potential.

It has more than 10,000 financial products that comprise shares, Forex currency pairs, bonds, commodities, and several other ETFs. CMC Markets permits traders to diversify funds by generating different investment portfolios. The whole list of financial tools is made open to traders on any of the two accounts.

Trading conditions: 

  • Minimum deposit $ 0
  • Free demo account
  • Maximum leverage 1:500 (international & professional) and in Europe 1:30 for retail clients
  • Trade more than 10,000 markets
  • Stocks, indices, forex, cryptocurrencies, treasuries, ETFs
  • Variable spreads starting from 0.7 pips

Trade from 0.0 pips over 3,500 markets without commissions and professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

Test of the CMC Markets trading platforms

According to the CMC Markets reviews, unlike others of her rivals that offer several CFD trading platforms for their users, it has been noted that the company offers just two trading platforms known as the “Next Generation platform” and the “MetaTrader 4”. The Generation Next platform has automated features, error-free pricing, without any, requotes, plus a personalized dashboard and is developed by the broker itself.

Available platforms: 

From our experiences, the Next Generation Platform has more advantages than the MetaTrader 4. That’s why we only discuss the own developed platform by CMC Markets in this section.

The Next Generation Platform

For easy testing on the platform, the CMC Nextgen has different apps for iPhone, Android, and iPad. These apps can be friendly for those who want to try the platform on the go though most traders will prefer a mainstream platform. CMC Nextgen platform permits traders to trade on several financial markets which include CFD service and stockbroking. These services have been recorded to have the lowest trading charges among the significant share trading providers in the Whole of Australia that is backed by outstanding research on the trading volumes done each month.

Direct news access:

One could quickly get a direct free update from Reuters news, which is one of the advantages of opening a CMC account using the Nextgen platform. Users can also filter the news to suit their Forex needs and relevance to them. One can also see the client’s sentiment on the CFD platform.

Note that the platform’s demo account has no trial date, meaning it can never get expired or be limited to a time frame and it provides an unrestricted trade volume. This is why the CMC Markets demo account feature is well known as a baby step to currency trading and testing on the platform. We recommend using it before investing real money.

The advantages of the Next Generation Platform: 

  • Suitable for beginners and advanced traders
  • Available for any device
  • Developed by CMC Markets
  • Professional trading tools and market overview
  • More than 115 indicators
  • Newsticker
  • Client Sentiment
  • Different order executions

Trade from 0.0 pips over 3,500 markets without commissions and professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

Analysis and charting for professional trading

Generally, charts are a substantial instrument when an expansive price history conducts it over the years. Though one needs to understand how to read charts and utilize them as a basis for technical analysis. Charts can come in the form of price levels, identifying trend updates, and many other forms. It can be used to compare price actions across different time frames, which is vital to helping with price predictions in the future.

CMC Markets technical charting
CMC Markets technical chart

For instance, the CMC Markets covers all price history for a broad scope of assets for over two decades. This kind of detailed information is vital for traders to carry out price estimation or forecasts and plot their trading blueprints.

Being able to read the chart is one thing, the next is for traders to be able to analyze and reach firm conclusions using the charts to decide resistance and support levels. Leaving notes beside charts is a widespread habit for traders; this provides a side-by-side backing and theme to the planning strategy.

Charting tools
Charting tools

The charting process is not automated, but on the CMC Markets platform, there is an integrated solution that combines all technical analysis in one easy layout. CMC Markets platform provides a personalized chart, more than 35 drawing tools, and over 115 indicators. All these allow a trader to get deeper and perform quick technical analysis on the dashboard.

Also, the technical analysis suite assists in analyzing fees point for pattern recognition. By this, the CMC Markets platform can perform a price forecast for preset assets, giving a peep into how an asset could achieve over the years.

Charting features: 

  • Customizable indicators, drawing tools, and charts
  • Automated pattern recognition
  • Price projection box
  • Connect with other chart traders
  • View experts analysis
  • See what other traders invest

Trade from 0.0 pips over 3,500 markets without commissions and professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

CMC Markets mobile trading (App)

The CMC Markets trading software also diversifies into tablets and mobile apps. Recently, the platform’s CFD trading and spread betting application had won awards. On the app, you can access the full order ticket functionality. It also gives access to mobile-optimized charting, signals, trade instruments, and over 40 technical indicators.

Mobile apps are available for: 

  • Android
  • Apple (iOS)
  • Smart Phones
  • Tablets

One needs to activate the rotation mode on the device to a horizontal mode; with this, chart conduction could be a lot easier. Zooming and drawing trend lines will come out clearer and cleaner.

CMC Markets Mobile App
CMC Mobile app

You can personalize the default screen, or auto-select to show open positions in the settings after logging into the app. One can get live streaming prices, pending order execution, and charts on an iPhone mobile trading app. It can also display Reuters news alongside the clients’ sentiment indicator.

Conclusively, the CMC Markets mobile trading app permits sleek transactions from its desktop-based platform, giving users the same look and feel. The applications are easy to operate and have all the necessary features needed for real trading. From the main CMC Markets official website, anyone can access video tutorials on how to make use of the apps on iOS or Android.

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,500+ markets
Live account from $ 20:

(Risk warning: 79% of retail CFD accounts lose money)

How to do a deposit and a withdrawal with CMC Markets

All CMC clients can fund their accounts via debit cards, credit cards, and bank transfers. For Australian users on the platform, PayPal, POLi, and BPAY are accepted. Though every region has its accepted means of payment. All withdrawals are made at a zero charge unless for users in Australia who are charged 0.6% for debit card deposits and 1% transaction processing fee for credit card deposits.

There is no minimum deposit limitation on the CMC Markets platform. Though, it is advised for traders to make enough deposits that can sustain them on an open trade. Deposits made must be from the same account or card bearing the name of the user unless the payment will be bounced back.

CMC Markets sticks to anti-money laundering rules and regulations and the only requirement to withdraw funds from the platform is that the withdrawal method will be carried out just as the deposit method. On fewer occasions when the withdrawal is much, a bank transfer would be required. Even at that, the bank details must correspond with the profile on the account. CMC Markets operate the same-day withdrawal process for all her users; 2 pm for UK users and 11 am for non-UK users.

Note that any dormant or inactive account is billed £10 each month.

Facts about the payments:

  • Credit Cards
  • Bank Transfer
  • Some additional payment methods depending on your country
  • Instant deposits and fast withdrawals
  • Fees can occur depending on your payment method

How much does it cost to trade with CMC Markets? – Fees review

Many potential clients may what to know the CMC Markets fee when utilizing the platform for trades. Note that the brokerage fee is billed based on the membership level. However, they can be as low as $9.90 or 0.075% for trades done over the internet.

To access market data, one user will be charged differently. But, one can get 20 minutes of delayed market data for free. Users are allowed to choose dynamic data per month for $41.25 and live data for $10 per month. Monthly fees are rebated if one makes a certain amount of trade within a month and climbs up the membership levels.


We can not list all fees which occur during trading because there are a lot of differences between the assets.

A short summary of the trading fees: 

  • Spread in Forex Trading
  • Commission for CFD Trading
  • Fees are depending on the asset
  • Market data fees

Trade from 0.0 pips over 3,500 markets without commissions and professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

Customer support and service for traders

Just as mentioned earlier, one of the most beautiful parts of the CMC Market reviews is excellent customer support. There are several options for contacting them from anywhere around the world. Though the customer support services are available 24/5. Some of the contact options are web-based live chats, local telephoning options with several numbers made available, regulated, and monitored by email.

CMC Markets support employee
CMC Markets support

On all these platforms, they give an immediate response. The FAQ section is prepared to answer most of the regular client’s questions and inquiries. With the FAQs, most issues are tackled without contacting the customer’s care operators. This will enable the operators to focus more on essential matters arising.


For successful trading, you need a high education level. CMC Markets provides videos, tutorials, articles, and webinars by trading experts. There is a huge support team that will help you to learn about the markets.

In addition, you get access to different trading strategies. There are guides for beginners and advanced traders. Learn about the technical and fundamental analysis by professional information. From our experience, the service for traders is outstanding with this broker.

Service and support: 

  • Phone, chat, email support 24/5
  • Professional employees
  • Webinars, videos, analysis, tutorials for free
  • Huge education center for beginners and advanced traders

Trade from 0.0 pips over 3,500 markets without commissions and professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

Conclusion of the CMC Markets review: It is a reliable CFD Broker

In conclusion, CMC Markets is an eminently developed broker with a broad range of trading instruments, high-level trading platforms with easy-to-operate features, most of which are not made available on other brokers or competitors’ trading platforms. The fact that the CMC Markets is deeply regulated across several recognized platforms speaks more of its authenticity.

We can recommend CMC Markets to any trader which is searching for a reliable online broker.

CMC Markets numbers
CMC Markets numbers

Advantages of CMC Markets:

  • A global trading provider that attracts clients from Dubai to Germany
  • Permission to more than 10,000 markets for postulating on opportunities from forex to gold and bitcoin
  • No limitation to deposit amounts
  • Free and fully structured demo account for trade testing without time frame limitation
  • Provision of a social trading platform where different users can share their ideas and offer help to each other
  • Provision of learning academy, webinar, and video tutorials plus written resources
  • Access to personalize user’s dashboard both on desktop version and mobile
  • Several awards have been given to the CMC Markets business, and a lot of recognition has been gained through educational materials and excellent customer service
  • The platform is regulated across major international financial bodies and listed on the UK broker
  • Refined trading tools such as analytic insights, price alerts, chat forums, pattern recognition, client sentiment, and any more features
  • Low prices that include stiff spreads and leverage as low as 3.34% on margin requirements (variable)

CMC Markets Review

Overview and test of the broker CMC Markets

Trusted Broker Reviews

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Trading offers
Customer support


„CMC Markets“ is a secure social trading platform with a great academy, lots of tutorials, and competitive spreads.


Without question, CMC Markets is a leading CFD provider. You get access to more than 10,000 markets on one platform. 4.9 out of 5 stars (4.9 / 5)

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Trusted Broker Reviews

Experienced and professional traders since 2013

Trade from 0.0 pips over 3,500 markets without commissions and professional platforms:

(Risk warning: 79% of retail CFD accounts lose money)

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Last Updated on January 27, 2023 by Arkady Müller