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CMC Markets Review: Forex Broker & Trading Markets | Legit or a Scam

cmc markets
Score

4/5

Min Deposit

$0

Min Spread

0.7 pips

Regulation

FCA, FMA, MAS, IIROC

Max Leverage

N/A

Positive Ratings
90%
Neutral Ratings
7%
Negative Ratings
3%

Company Summary

Aspect Information
Registered Country/Area Australia
Founded Year 1989
Company Name CMC Markets
Regulation FCA, FMA, MAS, IIROC
Demo Account Yes
Minimum Deposit $0
Maximum Leverage Not Specified
Spreads Variable spread form 0.7
Trading Platforms Mobile App, MetaTrader 4, and CMC Markets Invest
Customer Support Phones, Emails, and Physical Offices at Multiple Locations
Payment Methods Debit/Credit Cards, Wire Transfer, and eWallets.

Introduction

CMC Markets is a well-regulated and authorized trading platform. The platform was established in 1989 and has provided standard trading assistance since then. The platform offers multiple trading products and advanced trading platforms that ensure client satisfaction. This CMC Markets review delves into the key aspects of the platform ensuring its legitimacy.

Overview of CMC Markets

CMC Overview

CMC Markets is a publicly listed trading platform. It offers trading services to global clients and traders along with efficient educational services. The platform is regulated by multiple regulatory bodies globally which makes the platform trustworthy and increases its legitimacy.

It operates on the popular trading platform MT4 and has a personal operator CMC Markets Invest. These operators provide advanced tools and features that enhance the overall trading experience.

The platform also provides traders with demo accounts and robust customer support that make trading seamless.

Trading Instruments of CMC Markets

At CMC Markets you can access a variety of trading instruments including

Forex Trading

Traders can access over 330 forex currency pairs. These include all minor, major, and exotic currency pairs helping forex traders to trade in the global market.

Indices

If you trade indices, then CMC Markets is the place for you. They offer over 80 global indices. These include the FTSE 100 and S&P 500.

Commodities

Commodities at CMC Markets lets you trade in various raw materials that help you grow. These include silver, oil, metals, and more.

Shares & ETFs

CMC Markets offers over 11000 shares and ETFs from top global companies. Traders can easily get access to their favorite company share with CMC Markets.

Trading Instruments of CMC Markets

Fees and Commissions of CMC Markets

At CMC Markets, traders get three payment methods to deposit and withdraw funds. These include card payments, bank transfers, and e-wallets.  Apart from these, the platform does not offer payment via cash and cheques. Moreover, there is no minimum deposit which makes it easier for traders with smaller funds to start trading.

AT CMC Markets, traders get access to a transparent pricing structure that they can access from the website. It offers detailed information about the spreads, commissions, and overnight fees.

The platform does have additional charges during withdrawal. Traders must check before withdrawal charges, as the prices change depending on the payment method.

Account Types offered by CMC Markets

The CMC Market trading platform does not offer any specific types of accounts. This reduces the segregation and makes it difficult for traders to adapt to the trading account.

The platform does have a free demo account provision. These accounts are perfect for beginner traders as they help them understand and get familiar with the account without risking real funds initially.

If you want various account types with their own benefits, you can check out SmartSTP, TradeEU and Capplace.

How to Create a CMC Market Account?

Creating an Account at CMC Markets is an easy and smooth process. It involves a few steps including:

Step 1: Visit the website and click the signup option on the platform.

Step 2: Select your country from the list to start trading in the global market.

CMC markets sign up process-1

Step 3: Select your Preferred language and click continue.

CMC Markets sign up process-2

Step 4: Register yourself with email and create a strong password. Click continue to go to the next step.

CMC Markets Sign up process-3

Step 5: Once you are registered, you get instant access to the Demo account.

Step 6: Now you can complete your profile on the platform to start with your live trading account.

Security and Regulations

CMC markets operate under FCA which helps in keeping the client data and funds protected. CMC has separate accounts to hold the client’s funds which reduces risks.

The platform is regulated by multiple financial authorities offshore. The primary authorization is from the Financial Conduct Authority, UK. The regulation ensures that the platform meets industry standards of security and transparency that make customer treatment fair and secure.

Furthermore, the platform offers negative balance protection that helps traders with limited funds and reduces risks.

Customer Support

CMC markets offer responsive and helpful customer support available 24/5. Connect with the support team, via calls (+44 (0)20 7170 8200) and emails (clientmanagement@cmcmarkets.co.uk). The broker also has physical offices at multiple locations where you can go or contact them on specific numbers.

Customer support of CMC Markets

The platform offers multiple learning resources that help traders learn and understand the trading process for a better portfolio.

Conclusion

CMC Markets is a popular global trading platform. It is regulated by top financial authorities like FCA, UK. The platform offers traders a variety of trading products and features that enhance the overall trading experience. The platform has established itself as one of the top trading platforms offers high security and transparency to the audience.

In Conclusion, we can say that CMC Markets is a trustworthy and legitimate broker where you can invest and trade in the global market.

  • Regulated Platform
  • Multiple Trading Products to Invest
  • Free Demo Accounts
  • Educational Resources
  • Robust Customer Support
  • Limited information on the deposits and withdrawal
  • No information about the fees and commissions.
  • No Specified account types
FAQs

Frequently Asked Questions

What is the minimum deposit required to open an account with CMC Markets?

CMC Markets makes it very easy to open an account, as it requires no minimum deposit.

Does CMC Markets offer a demo account?

CMC Markets offers an instant demo account opening. Demo accounts help traders to trade with virtual funds without any potential risks.

What platforms does CMC Markets provide?

CMC Markets is a large broker that allows trading on every device including mobile, laptops, and desktops. It works on MT4 and CMC Markets invest platforms.

Are there any fees for deposits and withdrawals?

CMC markets do not charge any direct fees but some charges are applied due to third parties.

What leverage does CMC Markets offer?

The platform has no specified leverage for the traders.

Is CMC Markets regulated?

Yes, the platform is regulated by multiple authorities including FCA, FMA, MAS, and IIROC.

 What types of accounts does CMC Markets offer?

The platform has no specified account types. It offers demo accounts for new traders.

How can I contact CMC Markets customer support?

To contact the team, you can use emails or call options.

Does CMC Markets provide educational resources?

The platform offers multiple resources including tutorials and webinars for traders to learn before they invest big.

Can I trade cryptocurrencies on CMC Markets?

Yes, the platform offers trading in top digital currencies including Ethereum and bitcoin.

Trusted Score

4.3/5

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5