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CMC Markets Review + Opinions (2022) | Safe And Fast?

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CMC Markets review

CMC Markets is a British online broker founded in 1989. Since the advent of the internet, the broker has had an active online presence and offers customers the opportunity to invest in many ways. You have the opportunity at CMC Markets to get acquainted with the broker by opening a demo account.

In this CMC Markets review we will tell you more about the broker. Among other things, you will read about the advantages and disadvantages of the broker, the reliability, the security of your data, how you can create an account, the different possibilities you have to become a client, the ways you can deposit or withdraw money and how the customer service of the CMC Markets is.


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Fees
$0
Per trade
Fees
$0
Per trade
Fees
$0
Per trade
Minimum Deposit
$50
Minimum Deposit
$50
Minimum Deposit
$50
Promotion
$50 – $5.000
Check conditions
Promotion
1 free stock
Check conditions
Promotion
1 free stock
Check conditions

How are the CMC Markets experiences?

CMC Markets receives generally positive reviews from customers. The broker operates worldwide and is regulated by multiple authorities. Client data and funds are also protected in various ways. Users of CMC Markets therefore experience this as very pleasant.

There is a considerable range of educational resources that users eagerly take advantage of. If you become a client at CMC Markets, you will also have extensive access to these resources. You can then learn more about investing and adjacent matters by using documentation and other information on the website.

We have listed some of the advantages and disadvantages of CMC Markets for you based on our research.

Advantages

You can find the 7 most important advantages of CMC Markets below:

  • There are low fees charged by CMC Markets for trading currency pairs;
  • You can trade on platforms that are available for computer, smartphone and tablet;
  • You have access to extensive market research and analysis capabilities;
  • There are no fees for withdrawing money;
  • Live chat is available with the customer service desk. You can also reach the help desk by phone or e-mail;
  • You have the opportunity to open a demo account;
  • There are many educational resources available.

Disadvantages

Look below at the 4 disadvantages of CMC Markets:

  • The costs for CFD stocks are relatively high;
  • The creation of an account is fairly complex;
  • No two-step verification available for the platforms;
  • The help desk is only available on weekdays.

Is CMC Markets scam: reliability and safety

The reliability and security of CMC Markets are things you would like to know more about. After all, if you decide to open an account, you also want to know how these things work. That’s why we pay attention to them in this review.

In terms of security, CMC Markets uses various measures to protect your account and the connection. Because the broker operates worldwide, it is also important that it works according to the rules. For this reason, CMC Markets is regulated by various bodies in the countries where it is available.

What about the regulation and licensing of CMC Markets?

CMC Markets as an entity is under the supervision of several authorities that provide for regulation of the broker. The company is based in the United Kingdom and is controlled there by the Financial Conduct Authority (FCA). For offering its services, the broker has to meet many strict requirements.

This also makes the reliability of the broker a lot more credible for you as a customer. Strict requirements are also imposed by other authorities that supervise the firm’s compliance with the rules. All authorities that regulate CMC Markets worldwide are:

  • The Financial Conduct Authority (FCA) in the United Kingdom;
  • The Investment Industry Regulatory Organization of Canada (IIROC);
  • The Australian Securities and Investment Commission (ASIC);
  • The Financial Markets Authority (FMA) in New Zealand;
  • The Monetary Authority of Singapore (MAS);

Use of SSL encryption

The security of the connection between your device and the servers of CMC Markets is obviously of great importance. For this reason, various security measures are used by the CMC Markets. An important measure taken for this is the SSL encryption. With this encryption, an encrypted connection is made between your device and the website.

Because of this security, your data, your money and other data are safe from others. SSL stands for Secure Sockets Layer and is a technical feature for secure connections. SSL encryption can be identified by a padlock icon in the address bar next to the web address.

cmc markets trading

How to create an account with CMC Markets?

To create an account you can go to the CMC Markets website. We have put down below a number of steps that you can use when applying for an account. For the application you need to meet several requirements and be able to show a valid identification. With this you must be able to show that you are 18 years old or older. The steps for opening an account are:

  1. You go to the CMC Markets website and choose the option “Create Account”;
  2. You can then enter in which country you live;
  3. At the next step, you will enter your email address and a password to log in;
  4. You will receive an email from CMC Markets containing a code that you will need to continue with the application;
  5. Next, you will be presented with a form in which you must enter all the information that is requested. These are personal data, address details and information relating to your personal financial situation;
  6. After this step, you can use the account as a demo account. If you want to go further and start using the account to do real trading, you will have to send data regarding your identity and place of residence;
  7. Once this information has been verified by CMC Markets and the account has been activated, then you can make a deposit to start trading;
  8. Once you have made the first deposit, you can start trading at the broker.

review cmc markets

Account overview

At CMC Markets you can create a demo account to get acquainted with investing at the broker and you can open a live account. There are two types of accounts available, one of which can be applied for in all countries where the company operates. The other account is only available to residents of the United Kingdom and Ireland.

For the regular account it is possible to choose different currency units to work with. For this you have the choice of:

  • British Pounds;
  • Euro’s;
  • U.S. Dollars;
  • Australian Dollars;
  • Canadian Dollars;
  • Norwegian Kroner;
  • New Zealand Dollars;
  • Polish Zloty;
  • Swedish Kroner;
  • Singapore Dollars.

CMC Markets payment methods

If you have opened an account at CMC Markets, there are several ways you can deposit money at the broker. This can be done by using for instance a bank transfer, a credit card or with an electronic wallet. Depositing money is free of charge and you don’t have to put a minimum amount on your account.

This has the advantage that you can start investing for any desired amount at CMC Markets. Depending on the way you deposit, it may take a few business days for the money to be transferred to your account.

Withdrawing money at CMC Markets

In most cases, there is also no charge for withdrawing money from your account. This is the case if you choose to use a bank transfer, withdraw money via your credit card or with a digital payment account.

If you use a method to have an international bank transfer executed, you will pay € 15,- in fees per transaction. This also applies to the execution of a bank transfer where the transaction must be processed immediately.

Offers at CMC Markets

At CMC Markets you can trade in many different instruments and products. The majority of the offerings consist of stocks and currency pairs. Below you can see which products can be traded at the broker:

  • Currency pairs: more than 330 different types
  • Indices: on more than 330 different types
  • Indices: on more than 90 markets
  • Assets: more than 8000 types
  • ETF: more than 1000 kinds
  • Commodities: more than 130 types
  • Obligations: more than 50 species
  • Crypto currencies: 15 different currencies

offers cmc markets

Educational tools

Customers can take advantage of a wide range of educational resources at CMC Markets. You can get more information about investing and things related to online investing. These resources are very useful for beginners and can also help experienced online investors. Tools offered for this purpose include:

  • Content articles;
  • Documents;
  • Videos’s to learn about the platforms;
  • Videos’s with educational materials;
  • A demo account;
  • Webinars.

education cmc markets

Customer service

The customer service of CMC Markets can be reached in several ways. The website contains a wide variety of frequently asked questions and documents on various topics. If you do not get answers to your questions this way, there are several ways in which you can get hold of customer service.

For this you can easily use the chat on the website, call the help desk or send an email. CMC Markets’ customer service is only available on weekdays. It is then possible to get in touch with a member of staff 24 hours a day.

Conclusion CMC Markets

In this CMC Markets review you have been able to read about the possibilities that are available at the provider. The offer is attractive and you can choose from many different products to trade. There are extensive educational possibilities and you can deposit money in your account in several ways without any costs.

It is nice that a demo account can be used to get acquainted with the working method of CM Markets. This way you can get a good idea of all the possibilities that are available, so you can make a sound choice to open an account.


★★★★★
Reportlab score

★★★★★
Reportlab score

★★★★★
Reportlab score
Learn moreLearn more (review)Learn more (review)
Fees
$0
Per trade
Fees
$0
Per trade
Fees
$0
Per trade
Minimum Deposit
$50
Minimum Deposit
$50
Minimum Deposit
$50
Promotion
$50 – $5.000
Check conditions
Promotion
1 free stock
Check conditions
Promotion
1 free stock
Check conditions

Frequently asked questions

CMC Markets is considered low-risk, with an high trust score. CMC Markets is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

CMC Markets has no monthly fees, other than a $15 per month inactivity fee on CFD accounts (not stock broking) and a $10 fee to access live prices (waived if you make 11+ trades per month).

CMC Markets is a typical CFD broker. We wouldn’t advise to invest in CFD products for beginners. For beginners looking to trade mostly stocks, we recommend choosing a stockbroker where you can buy the actual shares of a company instead of a CFD contract for the stock. Maybe eToro is fitting better to your needs in this case.

If you need to link an external bank account to your trading account, you can do this in the ‘External Bank Account Setup’ tab on the Transfer Funds section of the platform. Enter your account details (including BSB, Account Number) to set up the new external bank account for the trading account required.

  • Awarded ‘Best Platform Features’
  • ‘Best Charting’ and ‘Best Research Tools’
  • Investment Trends 2017 Australia CFD & FX Reports; ‘Best Platform Reliability’
  • ‘Platform easy to use’ and ‘execution speed’
  • Investment Trends 2017 FX Report

It is possible to start with the free demo account from CMC Markets containing virtual funds. This allows you to try out our platform in a risk-free environment and get more experienced with trading strategies and techniques. This includes access to trade global equity markets for 30-days. Please note that the demo account doesn’t display prices for share CFDs.

The good news is US stocks (and other international shares) can be traded as easily as domestic ones on CMC’s share trading platform.

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Freddy Agard
Freddy Agard

Freddy Agard writes daily about financial products and specializes particularly in the equity markets. He is happy to tell you more and enjoys reducing complex material to manageable and understandable information. Questions? Leave a comment at the bottom of the page!

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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