It’s also making inroads into the institutional and B2B spaces through liquidity provision, white labels, and JVs. That push on the institutional side and the firm’s focus on in-house trading technology, and the use of currency and share baskets, are the key differentiators from its competitors. In these days of social trading and large crowds, however, that may not always be the case. On balance it’s probably best to think of sentiment and positioning gauges as decision or trade support tools, rather than decision-makers in their own right. This education portal has a deep well of content including articles, guides, videos, podcasts, webinars, and news and analysis.
CMC Markets Available Currency Pairs
I tried to open an account and, as part of the process, they asked me to confirm my email address. The email I received was completely blank, so I couldn’t verify anything.I called to explain, and they asked me to send a screenshot of the blank email. That was over a month ago—no follow-up, no update.I called again today and was asked a series of unhelpful questions, like what my account number is (even though I can’t open the account because I can’t verify my email). The rep then said, “If I’m honest, your account is set up.”I explained that I’m literally looking at the app, and it’s still asking me to verify my email—leading me right back to the same blank message. No real response to that.At that point, I said there’s only so much time I’m willing to spend just trying to open an account, and thanked him for his time. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
How are CMC Markets’ spreads and commissions structured?
Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. Other ways CMC Markets increases the usability of its platform includes providing trading ideas via its OPTO trading intelligence news and research website. The website also features useful news and analysis, as well as an extensive ebook financial library and a Thomson Reuters economic calendar. Furthermore, you can find links to CMC’s YouTube channel known as CMC TV that features expert updates about significant market movements several times a week. CMC Markets also gives you access to top-tier financial research through its global team of market analysts on its “Insights” module.
- Then on hold for more than 30 minutes without answer, listening to inane messages referring me to live chat which is not operating.Why no call-back option or queue advice?
- This flexibility ensures that all traders can easily manage their funds in a way that suits their individual circumstances.
- CMC Markets is considered a safe broker to hold client assets, including your cash money, as it has a market capitalization of over £375 million as of January 2024 – making it a well-capitalized broker.
- Across independent review sites, this platform is consistently mentioned as one of the main reasons to choose CMC Markets.
- Third-party reviews highlight CMC Markets’ responsive customer service and reliable platforms, though some clients raise concerns about delays in transfers and occasional high fees.
CMC Markets Professional Account
- Get a clear look at what sets CMC Markets apart through this engaging video overview.
- Next Generation is an all-encompassing powerhouse with access to stocks, ETFs, forex, indices, commodities, and fixed income.
- CMC Markets is a splendid choice for beginners, thanks to its comprehensive educational offerings that include videos for both beginning and advanced traders.
CMC Markets is regulated by multiple top-tier authorities globally, including the FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore), and FMA (New Zealand). While specific processing times vary by method, CMC Markets generally processes withdrawals efficiently. Their account opening is 1-3 days, suggesting a quick turnaround for account services.
They both feature live streaming prices and charts, pending order execution alerts, a Reuters news feed and CMC Markets’ client sentiment indicator. CMC Markets is highly recommended for investors looking for cost-effective trading options. It does not require a minimum deposit, charges below-average spreads for the EUR/USD, and offers discounts for active traders.
Good service
While entry-level roles may be appealing, those seeking growth or flexible policies may face challenges. Their main support line is open Monday to Friday, with dedicated teams ready to assist. For country-specific help, you can also reach out to local offices during business hours. Established in 1989, CMC Markets has earned a high trust score of 91, reflecting its longstanding reputation and robust regulation by top authorities like ASIC and FCA.
Forex Risk Disclaimer
All content on ForexBrokers.com is cmc markets reviews handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). A positive note about contacting CMC Markets, is that it has different email addresses and phone numbers for each office around the world. This makes it easier for clients to contact their local branch of CMC Markets and ensures tailored responses based on the specific offerings of each branch.
The broker’s commitment to low forex fees, $0 minimum deposit, and free deposits and withdrawals makes it an attractive option for a broad spectrum of traders. Furthermore, its strong regulatory oversight across multiple Tier-1 jurisdictions provides a high level of trust and security. I opened a live account, placed real trades on both the Next Generation platform and MT4, explored its mobile app, and closely examined spreads, execution speed, and available markets.
Additionally, CMC Markets participates in compensation schemes where applicable, offering traders an extra level of financial protection in the unlikely event of the broker facing financial difficulties. CMC Markets’ proprietary platform combines integrated TradingView charts, advanced execution, client sentiment tracking, Morningstar research, and Reuters news. It’s designed for serious traders seeking precision, speed, and a user-friendly experience across desktop and mobile. CMC Markets maintains transparent and competitive fee structures across various asset classes.
Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. CMC Markets earns trust from many clients for responsive service and transparent trading. Yet, occasional ticket resolution delays and transfer issues highlight areas for improvement. Most traders recommend CMC, balancing competitive features with service limitations.