- Segregates client funds
- Established in 1989
- Regulated by FCA
- $0 min. deposit
- Inactivity Fee
- Not ASIC Regulated
The company’s shares are listed on the London Stock Exchange. CMC Markets has become one of the leading retail brokers in the Forex and CFD market, offering its clients about 10,000 financial instruments. It has been providing its services since 1998. From that time on CMC Markets serves over 60,000 clients through 15 offices located around the world, UK, Poland, Canada, Australia, etc.
CMC Markets offers over 9,277 different instruments to trade, including over 32 currency pairs. Simply put, you can trade the following asset classes:
CMC has two live types of accounts, as well as a demo one. Spread betting accounts and CFD trading account are offered to both individual and corporate clients. Both account types allow its users to commit netting, telephone trading, position hedging, and a price depth ladder. Basically, CMC offers the same features on both types of accounts. They are rather similar and simple, which include the following features:
- Demo account
• 9,000+ shares & ETFs
• 60+ global indices
• 300+ currency pairs
• 90+ commodities
• 30+ treasuries and bonds
• Available on the mobile and tablet devices
• Good charting and trade tools
• Virtual cash
• Unlimited time
• No credit or debit card information required
Open an account
Opening account is a simple and straightforward process. All you need to do is to follow those steps
- to select Open Account;
- to enter your full name, country, email address, and phone number, and to choose the password;
- to complete the questionnaire, detailing further personal information, trading aims, and trading knowledge;
- to submit the required documents to verify your account;
- to make a deposit.
CMC requires no minimum deposit. The broker suggests low prices, including tight spreads and leverage, with margin requirements as low as 3.34%. You can enjoy high levels of customizability on their desktop and mobile platforms.
CMC Markets provides two platforms at your service, namely Next Generation and CMC’s mobile trading. Next Generation is CMC Markets’ online trading platform that provides a host of features to support your chart analysis, including multiple chart types, over 115 technical indicators and drawing tools, a pattern recognition feature, and a chart forum community.
Naturally, the broker offers you also to use the recognizable MetaTrader, if you want to find out more about the platform and its features, press here.
You can also find CMC Markets’ mobile trading apps available for iPhone, iPad, and Android devices, giving traders control over their accounts and trades, wherever they are.
To sum up, CMC Markets is a good choice for those interested in spread betting, CFD trading, and forex. The Next Generation platform is robust and variable, while the mobile apps are of high quality as well. Moreover, you get almost 10,000 trading instruments. However, there are only two account types, which may a bit troublesome for a complete novice. It is not regulated by the ASIC but is regulated by the FCA. Before choosing a broker to trade with, just look through the main features they suggest, compare them, read some reviews, and after choosing the most suitable for you, start trading.