CMC Markets Account Types

CMC Markets offers a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers. The available accounts include:

• CFD Account
• Best for leverage traders.
• No minimum deposit required.
• Spreads starting from 0.7 pips.
• Commission from $8 on stocks.
• Access to over 13,500 assets, including forex, indices, commodities, treasuries, cryptocurrencies, and shares.
• Platforms: CMC Markets platform, MetaTrader 4.
• Spread Betting Account
• Best for UK casual traders.
• No minimum deposit required.
• Spreads starting from 0.7 pips.
• No commission on trades.
• Allows tax-free profits for UK traders.
• Access to over 12,000 assets.
• Platform: CMC Markets platform.
• Stockbroking Account
• Best for real stocks traders.
• No minimum deposit required.
• No commissions on US, UK, Canadian, and Japanese shares.
• Charges $11 or 0.10% on other stocks.
• Access to over 35,000 shares, mutual funds, warrants, and ETFs.
• Professional Account
• Best for pro traders.
• No minimum deposit required.
• Higher leverage up to 1:500.
• Spreads starting from 0.7 pips.
• Commission from $8 on stocks.
• Access to the same markets as CFD accounts.
• Corporate Account
• Best for retail business trading.
• No minimum deposit required.
• Similar spreads and commissions as other accounts.
• Access to over 12,000 tradable CFD assets.
• Demo Account
• Free to use for practice.
• Funded with £10,000 in virtual currency.
• No time limit for the demo account.

CMC Markets Broker Account Opening Process

Opening an account with CMC Markets is straightforward and can be completed in a few steps:

• Visit the Website: Go to the CMC Markets website and click on the "Open Account" button.

• Choose Account Type: Select the type of account you wish to open (CFD, Spread Betting, Stockbroking, Professional, or Corporate).

• Complete the Application: Fill in your personal information, including your email address, password, and account type.

• Verify Your Email: You will receive a unique activation code via email to verify your account.

• Provide Personal Details: Enter your personal details such as name, address, and date of birth.

• Financial Information: Provide financial details including your annual income and net worth.

• Knowledge Assessment: Complete a brief questionnaire regarding your trading experience.

• Identity Verification: Upload identity documents and proof of address to comply with KYC regulations.

• Fund Your Account: Once approved, fund your account using various methods like bank transfer, credit/debit card, or PayPal.

• Start Trading: After your account is funded, you can begin trading using the CMC Markets platform.

This process typically takes around 20-25 minutes to complete.