|Broker Name:||CMC Markets|
|Broker Type:||Forex Broker|
|Operating since Year:||1989|
|Address:||133 Houndsditch London EC3A 7BX|
|Phone:||+44 (0)20 7170 8200|
|Trading Platforms:||MT4, Web Trader, Mobile Trader|
|Trading Platform(s) Timezone:||GMT +2|
|Other Trading Instruments:||Currencies, Indices, Shares, ETFs, Commodities, Treasuries, Cryptocurrencies|
|Minimum Deposit ($):||N/A|
|Maximum Leverage: (1:?)||1:500|
CMC Markets Review
Introduction to CMC Markets Review
CMC Markets is a UK-based multi-asset class CFD and spread-betting broker founded in 1989. It’s among the longest-running brokers on our list, and it’s probably among the most trusted brands here precisely due to its longevity.
This broker is among the most well-established UK brokerage firms around. But is it worth the hype and trust? Are there some more exciting features this broker can offer other than being reputable?
In this broker review, we’ll try to answer those questions. Let’s dig into this broker.
So, first and foremost, we want to know whether this broker is secure and regulated. The answer is yes, CMC Markets is a regulated broker.
It is authorized and regulated by the UK’s Financial Conduct Authority, with the name CMC Markets UK Plc. The FCA, as we all know, is a top-tier regulatory body overseeing brokers in the UK.
At the same time, CMC Markets also offers investor protection by segregating the client money in different accounts.
And, solidifying the trustworthiness of this brand, CMC Markets is part of the CMC Group, which is a publicly listed company on the London Stock Exchange. That’s right; it’s a public company. What that means is that it is very transparent when it comes to its finances and dealings.
All of these make CMC Markets a brand among the favorites of traders. And we can’t blame them if they want to put their money in regulated, publicly traded, and trusted brokers.
CMC Markets Trading Products
CMC Markets is primarily a CFDs broker that offers access to various trading products, such as:
• Foreign exchange pairs
• Stocks and ETFs
Contracts for difference (CFDs) are derivative products that let traders trade on the price movement of the underlying asset. This feature is highly complex for newbie investors, so CMC Markets made the right call of clarifying the risks of such instruments on its websites.
Its forex offerings are traded as CFDs, with prices on over 330 cash and forward currency pairs, including all major and minor pairs.
You can also trade index CFDs and take a position on the major ones, including the UK 100, US 30, and Germany 30.
If you also want to dabble in cryptocurrencies, CMC Markets also has an offering for you. You can trade on the prices of more than ten cryptocurrencies and crypto pairs, including BTCUSD, ETHUSD, BCHUSD, and XRPUSD.
CFDs on commodities are also available, including Brent and West Texas crude oil, Gold, Silver, and Natural Gas.
The stocks CFDs offerings are also impressive, with over 9,400 stocks from 23 countries ready to be traded. You can choose from the most prominent ones, including Tesco, Apple, Facebook, and Barclays.
You can trade CFDs on a range of treasuries like gilts, bonds, bunds, and treasury notes. The margin starts 20%, while spreads start from 1 point.
CMC Markets offers three different account types, namely:
• Spread-betting Account
• CFD Account
• Corporate Account
The three accounts share many similarities but differ in many important ways. For example, all of the accounts use the same trading platform features, but instruments are slightly different per account.
It’s also effortless to open an account using the broker’s website. It’s simple and step-by-step, helping traders quickly set up a trading account that they’ll use to trade with the markets.
CMC Markets Trading Platforms
Of course, another essential feature to check is the trading platform. CMC Markets boasts a professional-looking, highly touted trading platform.
We always give extra points to brokers who exert the time and effort to create their very own trading platforms at a time when most brokers opt to use the industry standard.
With CMC Markets, traders can use the Next Generation trading platform, which has ranked highest for charting in the 2016 Investment Trends survey.
The platform’s charting package comes with more than 115 technical indicators and drawing tools. There are more than 70 chart patterns as well as 12 chart types, all built-in.
At the same time, traders can also enjoy the price projection tool, which lets traders automatically find visible patterns and get price projection targets to reach more potential trading opportunities.
You can also navigate the platform through its module-linking feature. Or, if you want to communicate with other traders, you can use its Chart Forum feature. This one lets you discuss, share, and copy chart analyses from other traders and a team of global analysts.
There are many other added features, too, like Client Sentiment, which allows you to view the number of clients and their “position value” in real-time.
MetaTrader4 Trading Platform
Apart from the Next Generation platform, CMC Markets also offers the industry-standard MetaTrader4. This broker serves this as an additional platform for their clients, with the following benefits of:
• Competitive spreads
• Expert advisors
• Viewing and copying other traders’ strategies
• Advanced chart types, indicators, and drawing tools
• Free add-ons and indicators to be downloaded
• Setup configuration
• More than 22 languages
With the MT4 trading platform, you can trade on different key markets with ease and comfort. The only downside to this one is that the MT4 is primarily made for forex trading, so if you want to trade other markets like shares or stocks, you’d have to switch to the Next Generation platform.
Mobile Trading Applications
These trading platforms also do not demand you carry around a bulky computer all the time. You can trade on the go with the use of CMC Markets’ mobile trading applications.
The trading apps can be installed on iPhones, iPad, and Android devices.
The iPhone app is custom-built, benefitting the active CFD and forex trader. You can access live streaming prices, charts, pending orders, news alerts, and many more.
Portability is also improved with the use of an iPad. The bigger screen comes with more intuitive layouts, advanced trading tools, and charting.
Using Android phones and tablet mobiles is also not a problem since the app can be installed on such devices.
There have also been updated from CMC Markets regarding the layout of the mobile feature:
• Improved functionality
• Topical watchlists
• Enhanced charting
• Mini ”trend” charts
Another key strength that is worth mentioning in CMC Markets Review is its attention to learning. It lets its clients stay on top of the latest economic news and events. There’s also incisive market commentaries, videos, and webinars from professional market analysts.
When you check its website and head to the News & Analysis tab, you’ll see what they mean when they say “latest” news and events.
You can also view their market insights, upcoming economic data releases, and the things you should monitor in the week ahead.
CMC Markets Review Summary – Is it Good?
With the high trust given to it by the traders and the trading community in general, it’s difficult not to think of trying CMC Markets.
For traders, this broker is a highly secure partner for entering the trading market. For experienced and professional traders, CMC Markets has all the necessary features to make their trading experience more comfortable, more unique, and of course, profitable.
Overall, we believe CMC Markets will continue fetching more and more eager traders who want to succeed in the market. It will also continue to rise on top of many other brokers in terms of quality of service and customer satisfaction.
- Trading Instrument
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