CMC Markets Review 2025: Pros & Cons

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Holding Costs ⏲

Being web-based, it ensures accessibility from any location, catering to traders of all skill levels and focusing on optimizing trading effectiveness and precision. The broker also offers its own proprietary trading platform known as the CFD Next Generation Platform. This trading platform provides a very user-friendly experience overall and is available as a web-based trading platform. The broker offers a strong combination of low spreads, trusted regulation, and a vast degree of experience to add to the more than 10,000 available assets.

An excellent Broker!

This ensures that your money is protected, even if the company faces financial difficulties. You gain access to a massive selection of nearly 12,000 tradable instruments, spanning forex pairs, indices, commodities, shares, and ETFs. This extensive offering allows for significant portfolio diversification. CMC Markets does not need a minimum deposit to start a trading account; nevertheless, traders must ensure they have enough funds to satisfy the margin requirements of their intended transactions. Currency conversion costs are significant for traders using currencies other than their account-based currency. CMC Markets charges a fee of up to 0.5% of a trade’s realized profit or loss when traders operate in markets denominated in a currency other than their accounts.

Spreads

PayPal has become a popular method of sending and receiving funds for forex traders, and CMC Markets is one of our picks for the best forex brokers that support the use of PayPal. PayPal supports a wide range of global currencies and has an extensive international presence. Read our full PayPal guide to learn more about using PayPal to fund your forex trading account. For example, the spread on the NZD/USD on CMC Markets’ standard account offering comes in at 1.5 pips, but drops to an all-in cost of 0.5 pips (after commissions) with the FX Active pricing. 67% of retail investor accounts lose money when trading CFDs with this provider.

The company is also listed on the London Stock Exchange (LSE) since 2016. These factors make CMC Markets trustworthy and have a low-risk rating. As was the case with other industry leaders like Pepperstone, CMC Markets did not receive the top mark here, because it does not offer customer support service over the weekend. Most notably, the trading platform allows you to develop, optimize and backtest automated trading strategies using the MQL4 programming language. Second, the platform allows you to look for common technical chart patterns and candlestick setups on active charts across short-term and long-term timeframes with the help of CMC Markets’ price projection tool. If you hold a currency position overnight, you will incur an overnight financing charge, or swap rate.

• While CMC Markets offers both fixed and variable spreads depending on the instrument, forex pairs specifically have variable spreads.
• One particularly neat desktop feature is that you can trade from charts view directly, including opening, amending and closing orders.
• A mobile application specifically designed for the iPad makes better use of the device’s larger screen size.
• Accounts that have not traded for over a year will be charged an inactivity fee.
• Whether you trade majors, minors, or indices, the lists and search feature will help you get started.

Mobile Trading Apps

FSCS is an independent body that offers protection to customers of financial services firms that have failed. The compensation amount may be up to £85,000 per eligible person, per firm. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

Keep in mind that in order to ensure a smoother withdrawal process at CMC Markets, you have to make sure your KYC information provided is up to date. It’s also important to note that your withdrawal method at CMC Markets must match the method used for your deposit. This means that you cannot choose a different method for withdrawals. CMC Markets offers several base currencies, and these include GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK and SGD. If you’re looking for one of these features, you might want to look for CMC Markets alternatives.

CMC Markets stands out as a highly reputable and powerful online broker, particularly for CFD and forex trading. Its proprietary Next Generation platform is a true highlight, offering an exceptional suite of advanced tools, charting capabilities, and research resources that cater to active traders. 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. Our commitment to providing unbiased, comprehensive reviews of forex brokers is rooted in extensive research and expert analysis.

Our assessment indicates that their customer service is consistently responsive and highly capable, efficiently addressing a broad spectrum of inquiries. Furthermore, CMC Markets offers an extensive FAQ section and a comprehensive help center on their website, enabling clients to independently find answers to common questions with ease. Effective customer support is not merely an advantage, but a fundamental necessity. CMC Markets recognizes this imperative, providing a comprehensive customer service framework designed to assist clients whenever required.

Keep in mind that CMC Markets may charge a currency conversion fee whenever the deposit or the withdrawal currency doesn’t match with the account base currency selected. In the same way, the live webinars and events seem similarly geared to helping to improve the knowledge cmc markets review and expertise of less experienced traders. CMC Markets scores consistently high marks in customer service, which is saying something considering this platform currently caters to users in 88 countries around the world. The interface offers historical holding costs data that can be used to calculate/estimate the potential impact on your account holdings. In particular, Meta Trader 4 can be a better choice if you plan to do a lot of switching back and forth between the desktop or tablet version and the mobile app. Meta Trader 4 has been around a lot longer than Next Generation and the developers have had more time to work out the mobile experience bugs, as these user ratings reveal.

• He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.
• The reason is because holding costs are charged when a trade is in the buy position and credited when a trade is in the sell position.
• When trading with CMC Markets, you’ll need to use their proprietary trading platform NGEN as MetaTrader (MT4) isn’t available for spread betting with this broker.
• For instance, their spreads average 1.30 pips for pairs like EUR/GBP and GBP/USD, which may be higher than the average but is significantly lower than competitors’ spreads that can reach up to 2.50 pips.
• There are other brokers who are regulated in the UK that you can try out, you should read our review again and check out the CMC Website to decide if they meet your trading needs.

This speed is crucial for the platform’s automated trading feature, which uses Expert Advisors (EAs) to execute complex strategies quickly and with minimal manual input. The best feature of the platform is the charting package (chart forum) with 115+ technical indicators, 70 chart patterns, and 12 built-in chart types. CMC Markets is well-trusted across the globe and delivers a terrific trading experience thanks to its excellent pricing and selection of nearly 12,000 tradeable instruments.

But you really need a larger screen view to use this feature effectively. With this many Tier-1 (high trust) regulators overseeing CMC Markets, this is overall indicative of a stable, strong organization with a positive track record as a trustworthy trading platform. The company went live with its Next Generation platform in 2010, which is now available to users worldwide.

Index trading fees range from a minimum spread of 1 for the UK 100 and the Australia 200 to a maximum of 5 for the US SPX 500. Next Generation traders can also go long and short simultaneously with account netting disabled (via account settings). Users can also set default order preferences for all or specific investment types. The table below shows the online brokers full range of instruments available.

The company offers top-level encryption, two-factor authentication, and the highest privacy standards. Data is encrypted during transmission, and CMC applies strong authentication procedures and cybersecurity protocols. Employees with access are trained to respect customer data and privacy. This CMC Markets app review yields a robust product on par with the web and desktop trading platforms.