CMC Markets is a global financial services provider that offers online trading in a range of asset classes, including forex, indices, commodities, and shares. The company was founded in 1989 and has since grown to become one of the world’s leading online trading platforms, with a presence in over 20 countries. CMC Markets’ proprietary trading platform, Next Generation, is known for its advanced features and user-friendly interface, and the company is widely regarded as a trusted and reputable broker.
CMC Markets Trading Instruments
CMC Markets offers a wide range of trading instruments across multiple asset classes. Here’s an overview of some of the most popular instruments available on the platform:
Forex: CMC Markets offers trading in over 330 forex pairs, including major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.
Indices: CMC Markets offers trading in over 90 indices from around the world, including the FTSE 100, S&P 500, and Nikkei 225.
Commodities: CMC Markets offers trading in a range of commodities, including precious metals like gold and silver, energy products like crude oil and natural gas, and agricultural products like wheat and coffee.
Shares: CMC Markets offers trading in shares from a range of global stock exchanges, including the NYSE, NASDAQ, LSE, and ASX.
Cryptocurrencies: CMC Markets offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
In addition to these asset classes, CMC Markets also offers trading in other instruments like bonds, options, and ETFs. Traders can access these instruments through CMC Markets’ proprietary trading platform, Next Generation, which offers advanced charting and analysis tools, as well as customizable layouts and order types.
Trading Conditions
The trading conditions offered by CMC Markets can vary depending on the asset class being traded and the account type selected. Here’s an overview of some of the key trading conditions offered by CMC Markets:
- Spreads: CMC Markets offers competitive spreads on a range of instruments, with forex spreads starting from as low as 0.3 pips and index spreads starting from as low as 0.3 points.
- Commissions: CMC Markets does not charge commissions on forex or index trades, but may charge commissions on share and cryptocurrency trades, depending on the account type selected.
- Leverage: CMC Markets offers leverage of up to 30:1 on forex trades, up to 20:1 on indices and commodities, and up to 2:1 on cryptocurrency trades, depending on the regulatory requirements of the trader’s jurisdiction.
- Minimum deposit: The minimum deposit required to open a trading account with CMC Markets can vary depending on the jurisdiction and account type selected, but typically ranges from $100 to $1,000.
- Trading hours: CMC Markets offers trading 24 hours a day, 5 days a week, across multiple asset classes, with the exception of shares, which are only available during exchange trading hours.
- Order types: CMC Markets offers a range of order types, including market orders, limit orders, stop-loss orders, and trailing stop orders, as well as advanced order types like guaranteed stop-loss orders and OCO (one cancels the other) orders.
It’s important to note that trading conditions can vary depending on a range of factors, including the asset being traded, the regulatory requirements of the trader’s jurisdiction, and the account type selected. Traders should carefully review the trading conditions offered by CMC Markets before opening an account and placing trades.
Account Types
CMC Markets offers a range of account types to suit the needs of different traders. Here’s an overview of some of the account types available on the platform:
CFD account: This is the standard trading account offered by CMC Markets, which allows traders to trade a range of financial instruments through CFDs (Contracts for Difference). The account offers competitive spreads, leverage of up to 30:1 on forex trades, and access to CMC Markets’ proprietary trading platform, Next Generation.
Spread betting account: This is a tax-free trading account that allows UK-based traders to speculate on the price movements of financial instruments without owning the underlying asset. The account offers tight spreads, no commission charges, and access to a range of trading tools and resources.
Corporate account: This is a trading account designed for corporate entities, allowing them to trade a range of financial instruments through CFDs. The account offers access to a dedicated account manager, tailored pricing and risk management solutions, and flexible funding options.
Professional account: This is a trading account designed for professional traders who meet certain eligibility criteria, including meeting minimum trading activity and net worth requirements. The account offers higher leverage and other benefits not available to retail traders.
In addition to these account types, CMC Markets also offers demo accounts, which allow traders to practice trading strategies and test out the platform without risking real money. Traders can choose the account type that best suits their trading needs and preferences.
Regulation and Security
CMC Markets is authorized and regulated by several tier-1 regulators, including ASIC in Australia, IIROC in Canada, MAS in Singapore, FMA in New Zealand, and FCA in the United Kingdom, which are highly respected regulatory bodies. These regulators require CMC Markets to meet certain standards of financial stability, security, and client protection, such as segregating client funds from the company’s own funds, maintaining adequate capital reserves, and conducting regular audits.
In addition to regulatory oversight, CMC Markets also employs various security measures to protect its clients’ data and funds. The company uses SSL encryption to secure data transmission between its servers and clients’ devices, and it also offers two-factor authentication and other security features to prevent unauthorized access to clients’ accounts. CMC Markets’ trading platform, Next Generation, is also regularly updated and tested to ensure it meets the highest security standards.
Overall, CMC Markets appears to take regulation and security seriously, which should provide traders with a greater level of confidence in the safety and reliability of the company’s services.
Conclusion on CMC Markets
CMC Markets is a well-regulated and reputable online trading platform that offers a wide range of financial instruments, competitive pricing, and innovative trading tools. The platform caters to traders of all levels of experience, with a variety of account types to choose from, including CFD accounts, spread betting accounts, and professional accounts.
CMC Markets’ proprietary trading platform, Next Generation, is user-friendly and offers a wide range of advanced features, including customizable charts, trading signals, and access to a range of research and analysis tools.
In terms of security, CMC Markets’ regulatory status and adherence to industry best practices provide a high level of confidence for traders. The platform is authorized and regulated by multiple tier-1 regulators, and offers robust security measures, including SSL encryption, two-factor authentication, and client fund segregation.
So, CMC Markets is a reliable and reputable trading platform that offers a comprehensive trading experience for traders looking to trade a variety of financial instruments.
There are a lot of problems with CMC Markets. Registered an account for almost two weeks. I sent the documents twice, only the second time they were approved. Then there was a problem with the transfer of money. I transferred from a bank account, money was debited from me, but it was not credited to my trading account. by far BenArmstrong-trades where I earn is much mor reliable than CMC. CMC Markets constantly delays withdrawals. Withdrawal requests are not processed until you start arguing with support.
Easy to use system, clear interface. Responsive customer service. Easy to add and withdraw funds. Once you have hit £25k the alpha package is a nice touch