As an online forex and CFD broker, CMC Markets goes above and beyond to offer a rich trading experience. Its trading costs, platforms, ease of use, education, mobile apps, research, range of markets, and trading tools are all exceptional. The proprietary Next Generation trading platform for web, tablet, and mobile will please technically ­oriented clients wanting to upgrade from MetaTrader 4, which is also offered.

View live streaming pricing and add over 40 popular technical indicators and drawing tools to your charts. The charts on the Android trading app allow you to develop a fully-integrated trading strategy, even if you’re away from your home computer. CMC Markets earned recognition as the Best Overall Forex Broker for 2020 by Investopedia. The broker’s advanced research support tools can prove to be invaluable for its clients.

This means you can bet on over 11,000 financial markets including 338 forex pairs, 9,000 stocks, 82 indices, 124 commodities, 55 bonds, and over 900 ETFs. These are CFD Account for retail traders, CFD Account for professional traders, and spread betting accounts. Leverage involves high risk when trading CFDs, which are complex instruments. In February 2023 CMC Markets UK posted that 78% of retail investor accounts lost money when trading on their retail investor accounts. When opening a CMC Markets account or any CFD broker worldwide, it’s important to understand risk and understand if CFD and spread betting are right for you. The best forex brokers in Australia not only need to offer high leverage for brokers but also help forex traders manage their investment risks.

What Can You Trade With CMC Markets?

It is unclear whether CMC Markets currently accepts deposits in cryptocurrencies. While the broker may have offered this option in the past, they may have discontinued it. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Traders from the UK are also covered under the FSCS protection scheme up to £85,000 in individual and up to £170,000 in joint accounts. To become eligible for an Alpha account, traders need to have a minimum account balance of £25,000. This can be through a single deposit or accumulated from prior trades and smaller deposits. As a regulated entity in Australia, CMC Markets is held to very high standards that ensure a high degree of security for client funds and interests.

How to buy shares with CMC Markets

Phrases like “just ok” and “fails at the basics” dominate the landscape, making it challenging to get excited about managing your CMC Markets account on the go. Outside of the help provided, useful risk management tools and exceptional order execution round out a feature-rich experience that places the brand well above the competition. The broker ensures that its customers have ready access to a range of informational materials at all times. Finally, the customer service team is also prompt and provides quick resolution for all queries.

Is CMC Markets a good broker?

It has a user-friendly and highly customizable proprietary trading platform. Moreover, it provides top-notch educational material and tools to help trader improve their trading skills. CMC Markets offers thousands of trading instruments in CFDs and spread betting (UK only) from various asset classes such as forex, commodities, cryptocurrencies, shares, indices, treasuries and ETFs.

The broker offers its exceptional proprietary “Next Generation” trading platform for the best trading experience. MetaTrader 4 is also available for clients who want simplicity in their trading. CMC Markets is a well-known online broker that has withstood the test of time and continues to implement cutting-edge trading technology for traders who demand professional platforms, tools and conditions. The broker possesses many rules from various agencies and strictly adheres to the tough regulatory standards. Individuals, corporations, and foreign traders are all catered to with an excellent asset selection of over 10,000+ products.

CMC Markets User Experience

As always, make sure you are fully educated before making a choice on any particular one. One of the few drawbacks with CMC Markets, besides the fact that it doesn’t accept U.S. clients, is that its tradable asset base covers only CFDs. This means you cannot use this broker to purchase real stocks, mutual funds or bonds for long-term investment and income purposes. CMC Markets does have excellent pricing, education and research resources, however, and offers top-tier trading platforms that should suit any active CFD trader. As one of the largest brokers in the world, CMC Markets caters to traders with regulations in the UK, Australia, Singapore, NZ, and Canada.

We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any cmc markets review rates, terms, products and services on third-party websites are subject to change without notice. I have had no major issues with CMC markets, I’ve been trading and investing with them for several years without any major dramas. I would like to add that support from the staff is a bit scripted and lame at times.

Guaranteed stop losses (GSLO) are available only on Next Generation at an added premium that is charged to your account. There is a commission charge that comes into play when one is trading individual shares and ETFs. This may be charged to your account directly upon order execution or added to the either side of the spread, depending on whether it’s classified as a CFD or spread betting account.

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A healthy roster of online webinars, offered through a partnership with Trade With Precision, fills the need for advanced topics, but there’s no archive of previous programs. Next Generation has three basic order types with the option of attaching “take profit” and/or “stop loss” orders to them. Additionally, the trader can set an initial stop loss at the time of execution for market orders and then amend it to a guaranteed stop loss after execution. For pending orders, the trader can choose both guaranteed and/or trailing options when filling out the order ticket prior to execution. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. However, CMC Markets does not have bonds and options in its product portfolio.

This can all be done on the cmcmarkets.com website which has sub-folders based on country locations. This means that if, for example, a trader in Australia wants to trade shares and trade CFDs, they will need to use two separate platforms. The below score and detailed CMC Markets review focuses primarily on the CFD account. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The MT4 app can be an ideal solution for those of you who want to access your account and trade whilst on the move. They make it quick and easy to keep up to date with the latest market news at all times.

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