CMC Market Review 2021 – Top Findings
CMC Market Review 2021
CMC market is a globally trusted online Forex and CFD broker. They are the first retail trading platform in the history of the global financial market that provides market access to retail traders. The broker first launched its service in 1989, successfully running the Forex and CFD trading service for over 3 decades. They are currently offering more than 10 thousand tradable instruments with very competitive pricing. Their web trader platform interface is extremely science-friendly and comes with quality research tools, and a powerful charting system desired by active traders.
This English broker has started its journey in the UK and has broadened its offices internationally in Australia, Austria, Canada, France, Germany, and many more.
In today’s review, we are going to bring all the features of CMC Markets broker offerings, and their safety, and share all the important information about this broker, which will help a trader to choose the right broker.
CMC Market: Top Key Points
- Founded in 1889, more than 3 Decades of Market Experience. Listed on the London Stock Exchange.
- Regulated in 4 Top-tier and 2 tier-2 Jurisdictions including FCA, ASIC.
- Trading cost is very comitative to industries average.
- 10,000+ Tradeable Instruments including forex, indices, cryptocurrencies, commodities, shares, and treasuries.
- Proprietory WebTrader and mobile trading platform interface is extremely easy to use which is suitable for beginners and professionals.
Security & Licenses
CMC Markets is one of the oldest brokers which founded in 1889 and serving customers worldwide for more than 3 Decades of Market Experience. Also listed on the London Stock Exchange.
Regulated in 4 Top-tier and 2 tier-2 Jurisdictions including FCA, ASIC.
- CMC Markets plc FCA (UK) registration no. 173730
- CMC Spreadbet plc FCA(UK) registration no. 170627
- CMC Markets Asia Pacific Pty Ltd ASIC (Australia) registration no. ABN 11 100 058 213, AFSL No. 238054
- CMC Markets Canada Inc. IIROC(Canada)and Ontario Securities Commission
- CMC Markets NZ Ltd FMA (New Zealand)
- CMC Markets Singapore Pte Ltd MAS (Singapore) registration no. No./UEN 200605050E
CMC Market: Are they safe?
Basically, CMC Markets Stockbroking Limited is a Participant of the ASX Group (Australian Securities Exchange) and SSX (Sydney Stock Exchange), and Chi-X (Chi-X Australia) provides financial products and services. It means, there is the highest level of obligation and control over the firm.
Client money, including cash, margin, and unrealized gains, are kept in distinct client money accounts * at reputable banks and are clearly separated from CMC Markets’ own funds. They don’t lodge retail client money towards margins with their hedging counterparties.back to menu ↑ back to menu ↑
Commissions and Fees
CMC Markets is fully transparent about commissions and fees, no hidden fees charges. It offers very competitive CFD spreads and commissions, spreads on major currency pairs starting from 0.7 points, and commissions on shares starting from 0.1%. And 1 point on key indices like the UK 100 and Germany 30, and 0.3 points on Gold. The margin rate is 3.3% for forex, 5% for indices and commodities, and 20% for shares and treasuries.
Fees in forex trading fees are generally of two types. One is a Trading fee and a Non-Trading fee.
- A trading fee is charged every time when you open a position. Training fees include spreads, commission fees, swaps, and currency conversion fees.
- Non-trading fees include deposit and withdrawal fees, and inactivity fees.
CMC Market: Non – trading fees
One of the main advantages of CMC Markets is that there is no fee in case of deposit and withdrawal, but they do charge an inactivity fee. If an account has no trading activity for a continuous period of one year, a monthly inactivity charge of £10 will be deducted.
There is no charge if:
- The account is closed.
- Trading activity recommences on the account.
- The balance reduced to zero.
However, if you decide to reactivate your dormant account and start trade again with them, they will refund your previous three months’ inactivity charges which already been deducted.
CMC Market: Forex fee
Their liquidity rebates starting at $5 per million traded, if you traded at least $25 million per month in notional trading volumes, to as high as $10 per million for those who traded more than $300 million per month. This program is only available to UK Professional Clients.
Share Trading fee
They are offering share trading at a low cost, commissions on shares starting from 0.1%.
Shares trading Alpha Rebates: You can have access to various exclusive services with CMC Markets Alpha, like access to their premium reports, market data, and Trading Central, and consists of three tiers. There are 3 levels of premium trader option. The classic level requires at least 11 trades per month. and for the second level, it requires at least 11-30 trades per month or spend at least $500 in commissions. To get the highest level Premium Trader Alpha service you need to place more than 30 transactions per month.
|Forex and CFD fees are low||$0|
CMC Market: Deposits and Withdrawals
Our review team is happy to share that there are no fees for their deposits and withdrawals, but there are small inactivity fees. There are several payment methods available, bank transfers and Visa/ Master Cards. Payments are done within one or two business days. The withdrawal process also fast and easy. There is no charge by the company to withdraw funds either for deposit or withdrawal. But remember, your Bank may impose an additional Banking fee or international bank transfer that doesn’t cover by the broker.
What is the minimum deposit in CMC Markets?
CMC Markets is a Market Maker model broker, so they can offer a really low minimum deposit amount (there are no minimum requirements). But the broker recommends depositing at least 200 GBP or equivalent in order to cover trading costs, etc.
- No fees for deposits and withdraws
- Fast digital deposits, including Credit Card, Debit Card and Wire transfer
- No minimum deposit requirement
- Limited deposit options
CMC Market: Account Types
CMC Markets offers 2 types of accounts CMC Markets CFD trading and Corporate Account, where both accounts have almost the same features and tools.back to menu ↑ back to menu ↑
Platforms and Tools
CMC market offers an advanced web trading platform that comes with a lot of great research tools and features. Its minimal interface is very neatly arranged which is very useful for both a beginner and an advanced trader, its web trader platform is one of the best in the market now.
User experience: first of all they try to keep their web trader design modern and minimalist. You can open a chart in a floating window or fixed window like MetaTrader 4 and 5 platform which is very handy if you work with multiple charts. Also, you can use different indicators and drawing tools for custom chart setup and save them as presets to save time.
Charting: With this next-generation webtrader platform charting became quite handy. Especially when there are 80 technical indicators, 40 drawing tools, and 60 candlestick patterns, and 13 chart patterns that are easily attachable. Charting tools are auto-adjustable so when you are using different time frames chart patterns are auto-adjust with your setup.
Forum: Forum is a very effective tool for forming committees. CMC markets forum is a lot of social media style. The forum lets you post your technical analysis and discussion with the rest of the community. You can comment on others’ analyses too. And before taking trading ideas from someone, make sure he is an expert. (Check out his other analysis).
Automated trading: Since there is the main focus on WebTrader, they do not support the automated trading system. If you want to use automatic trading then you can use the CMC markets MetaTrader 4 platform although with MetaTrader 4 you will have access to a smaller range of trading instruments.
MetaTrader 4: With MetaTrader 4 platform you can have access to only 62 instruments which are significantly less than its web platform. We recommend you to use their webtrader as it provides advanced tools and features.back to menu ↑ back to menu ↑
CMC Markets has a strong foundation for research tools. They provide in-house and third-party high-quality content and market analysis. CMC Markets provides market updates from their own experts and third-parties. Contents are high-quality and contain so much useful information that helps a trader to take the next trading decision. Research tools including Insights News, CMC TV, a bi-monthly print magazine, and the Opto market intelligence portal, which features articles and podcasts. Third-party contents are also available from Reuters and Morningstar.back to menu ↑ back to menu ↑
CMC Markets offers industry-standard educational resources for forex and CFD traders. Wide range of collections including written articles, podcasts, live webinars, and video updates.
Article Contents: They have already published so much written content about forex trading basics and related beginner articles, along with advanced strategy guides and content about cryptocurrency trading.
Videos and podcasts: CMC Markets published many kinds of learning videos and podcasts on their YouTube channel, you can definitely check them out.
Webinars: CMC Markets hosts some of the best webinars throughout the week from offices in Australia and the UK, led by their own analysts.back to menu ↑ back to menu ↑
CMC market offers its proprietary mobile trading app able to trade, modify, or close position directly from your phone. It synchronizes seamlessly from the WebTrader platform. The mobile app looks and feel is almost similar to its WebTrader version. The mobile app comes with multiple research tools, charting tools, educational content, and much more.
Synchronization: The WebTrader and the mobile app are always synchronized. So, any changes happened on WebTrader that sync automatically with the mobile app. For example, if you create a watch list through a WebTrader, it will be synchronized with your mobile app, so you can trade directly from there.
Charting: Their WebTrader has a total of 86 indicators, where the mobile app supports only 35 indicators including candlestick, spread, and Heikin-Ashi. You can have a good charting experience using these indicators. You can save different chart layout settings as preset for setting up your chart quickly next time.
Research tool: CMC market provides a huge section of market research tools, you can directly access these tools with your mobile apps. Like, get to know market updates, getting notified for new news releases, economic calendars, CMC TV, webinar, and much more.
Unfortunately, charting has its drawbacks in terms of synchronization, since WebTrader charting doesn’t synchronize with the mobile app.
|Android & iOS App||Yes|
|Place, modify and close trades||Yes|
|Watch List Syncing||Yes|
|Multiple Time Frames||Yes|
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Overall CMC has more than 3 decades of market experience, offering lower-cost trading with over 10,000 trading instruments, including 158 currency pairs, alongside a minimum $1 deposit make it way ahead of its competitors. Their web trader platform interface is extremely beginner-friendly ease of use and comes with 86 indicators and drawing tools.
CMC market won over 50 platform and service awards worldwide just for the last 2 years, it could be a good choice for global forex and CFD traders.
- 3 Decades of Market Experience
- Regulated in 4 Top-tier and 2 tier-2 Jurisdictions
- Low-Cost Trading
- 10,000+ Tradeable Instruments
- Suitable for beginners and professionals
- Conditions may vary according to regulation and entity
- Less Tradeable Instruments in MT4
- USA clients not supported
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