CMC Markets Account Types

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

• Demo Account: A trial account funded with virtual money, allowing traders to practice without incurring fees.
• CFD Account: Best for leverage traders, designed for trading across over 13,500 assets, including forex, indices, commodities, treasuries, cryptocurrencies, and shares.
• Commissions: Spreads starting from 0.7 pips on forex, and a commission from $8 on stocks.
• Leverage: Up to 1:30 (ASIC, FCA) and up to 1:34100 (CIRO).
• Spread Betting Account: Tailored for UK traders to speculate on market movements without owning the underlying assets.
• Commissions: Similar to CFD accounts, with spreads starting from 0.7 pips on forex.
• Stockbroking Account: Best for real stocks traders, providing access to over 35,000 shares, mutual funds, warrants, and ETFs.
• Commissions: No commissions on US, UK, Canadian, and Japanese shares; $11 or 0.10% on others.
• Professional Account: Tailored for experienced traders with increased leverage up to 1:500.
• Corporate Account: Designed for institutional traders and companies, offering access to over 12,000 tradable CFD assets.

Each account type has distinct pricing models and platform compatibility across CMC Markets and MetaTrader 4.

CMC Markets Broker Account Opening Process

Opening an account with CMC Markets is straightforward. Heres a step-by-step process:

• Choose Account Type: Decide on the account type that best fits your trading needs.
• Gather Required Documents: You will need:
• Valid email address
• Phone number
• Proof of identity (passport or utility bill)
• Complete Application: Fill out the application form accurately on the CMC Markets website.
• Account Verification: Submit any additional documentation if required for identity verification.
• Fund Your Account: There is no minimum deposit required to open a live account. You can fund your account through bank transfers or online payments.
• Start Trading: Once your account is funded and verified, you can start trading across various markets.

By following these steps, you can efficiently open your CMC Markets account and begin your trading journey.