CMCbits Forex Broker keeps up-to-date with the latest trading account information, including Diamond, Platinum, Gold, Basic, Self Managed, Libra maximum leverage of 1:400, trading varieties, and more
Rating Index
Pros
Offers a wide range of features and tools for traders.
Provides good customer service with multiple support options.
Has a user-friendly website that is easy to navigate.
Cons
Education section could be more comprehensive and updated.
No demo account is available for new traders to practice.
Only offers the MT4 platform, which may not suit all traders' preferences.
CMCbits broker Accounts
Diamond
Platinum
Gold
Basic
Self Managed
Libra
CMC Markets Account Types
CMC Markets offers several account types tailored to different trading needs. The primary account types include:
- CFD Account:
- Minimum Deposit: $0
- Spreads: Starting from 0.3 pips
- Commission: $10 for shares
- Leverage: Up to 1:30 (varies by regulation)
- Markets: Access to over 13,500 assets including forex, indices, commodities, and shares.
- Spread Betting Account:
- Minimum Deposit: $0
- Spreads: Starting from 0.3 pips
- Commission: None on spread betting
- Leverage: Up to 1:30
- Markets: Access to over 12,000 assets.
- Corporate Account:
- Minimum Deposit: $0
- Spreads: Starting from 0.3 pips
- Commission: $10 for shares
- Leverage: Up to 1:30 (varies by regulation)
- Markets: Access to the same markets as CFD accounts.
- Demo Account:
- Minimum Deposit: None (funded with virtual currency)
- Validity: Unlimited, but trading equity is limited to 30 days.
- Virtual Funds: Typically £10,000.
- Alpha Account:
- Minimum Deposit: $25,000 (to qualify for lower spreads)
- Benefits: Discounts on spreads and premium support.
Visit the CMC Markets Website: Go to the official CMC Markets website and click on the “Open an Account” button.
Select Account Type: Choose the type of account you wish to open (CFD, Spread Betting, Corporate, etc.).
Fill in Personal Information: Provide your name, email address, phone number, and country of residence.
Verification:
- You will receive a verification code via email. Enter this code to continue.
- Upload required documentation for identity verification, such as a government-issued ID and proof of residency.
Fund Your Account: After verification, you can fund your account. CMC Markets recommends a minimum deposit of $100, although it is not mandatory.
Start Trading: Once your account is funded, you can log in to the trading platform and start trading.
CMC Markets Broker Account Opening Process
Opening an account with CMC Markets is a straightforward process that can be completed online. Here are the steps to follow:
The entire process typically takes a few days, depending on the speed of document verification.
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