CMC Markets Account Type

CMC Markets offers a variety of CFD account types designed to cater to different trading needs and experience levels. Their primary account types include:

• CFD Account:
• Minimum Deposit: $0
• Profit from Rising and Falling Markets: Yes
• Spreads: From 0.3 points
• Commission on Shares: Yes (from $7)
• Features: Advanced order types, market calendar, and comprehensive trading tools.
• Corporate Account:
• Minimum Deposit: $0
• Profit from Rising and Falling Markets: Yes
• Spreads: From 0.3 points
• Commission on Shares: Yes (from $7)
• Features: Similar to the CFD account but tailored for corporate trading needs.

Both account types provide access to over 10,000 products including forex, indices, commodities, and cryptocurrencies.

CMC Markets Broker Account Opening Process

Opening a CFD account with CMC Markets is a straightforward process that typically involves the following steps:

• Choose Account Type: Decide whether you want a CFD account or a corporate account based on your trading needs.

• Complete the Application: Fill out the online application form with your personal information, including your name, email address, and phone number.

• Provide Documentation: Submit necessary documentation for identity verification, such as:

• A certified copy of your passport or ID.
• Proof of address (e.g., utility bill).
• Proof of banking details (e.g., recent bank statement).

• Account Verification: Once your documents are submitted, CMC Markets will process your application. This may take a few hours to a couple of days.

• Fund Your Account: After verification, deposit funds into your account using the broker's supported payment methods.

• Start Trading: Once your account is funded, you can begin trading CFDs on the CMC Markets platform.