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CMC Markets Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

CMC Markets Broker Review

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CMC Markets Review 1

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Exposure
Lots of complain.

Clients of CMC MARKETS LTD have complained that this broker does not let them withdraw their deposit easily and create problems for them.

Mayaz Ahmad
2021-06-12

  

CMC Markets 2025 Review: Everything You Need to Know

  CMC Markets has established itself as a prominent player in the online trading landscape since its inception in 1989. This UK-based broker offers a diverse range of trading instruments and is well-regarded for its advanced trading platforms and educational resources. Overall, the feedback from various sources indicates that CMC Markets provides a solid trading experience, particularly for forex and CFD traders. However, potential clients should note that it does not accept U.S. customers, which may limit accessibility for some traders.

  Note: It's important to recognize that CMC Markets operates under different regulatory entities depending on the region, which can affect the trading conditions and available services. Our assessment is based on a comprehensive review of multiple sources to ensure fairness and accuracy.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 9
Tools and Resources 8
Customer Service and Support 7
Trading Setup (Experience) 8
Trustworthiness 9
User Experience 8
Overall 8.2

  How We Rated the Broker: Our ratings are derived from extensive research and analysis of CMC Markets offerings, including user feedback, expert reviews, and factual data.

  

Broker Overview

  Founded in 1989, CMC Markets is publicly traded and headquartered in London, UK. The broker operates under multiple regulatory bodies, including the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and others, ensuring a high level of trust and client protection. CMC Markets provides two primary trading platforms: the proprietary Next Generation platform and MetaTrader 4 (MT4), catering to a wide range of trading styles. With over 12,000 available instruments, including forex pairs, indices, commodities, shares, and ETFs, CMC Markets offers a comprehensive trading experience for both beginners and seasoned traders.

  

Detailed Insights

  Regulated Areas: CMC Markets operates in over 70 countries, with regulatory oversight from tier-1 authorities such as the FCA, ASIC, and MAS. However, it does not accept clients from the U.S., which may limit its appeal to some traders.

  Deposit/Withdrawal Currencies/Cryptocurrencies: The broker supports multiple base currencies, including GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD. Notably, there is no minimum deposit requirement, making it accessible for new traders. CMC Markets does not charge fees for deposits or withdrawals, although international transfers may incur fees from third-party banks.

  Minimum Deposit: CMC Markets has a minimum deposit requirement of $0, allowing traders to start with any amount they are comfortable with.

  Bonuses/Promotions: The broker offers various promotions, particularly for high-volume traders, including rebates and discounts through its FX Active program.

  Tradable Asset Categories: CMC Markets boasts an extensive selection of over 12,000 tradable instruments, including 330+ forex pairs, 80+ indices, 9,500+ shares, 100+ commodities, and 21 cryptocurrencies available through CFDs.

  Costs (Spreads, Fees, Commissions): CMC Markets is known for its competitive pricing, with average spreads starting from 0.5 pips for major currency pairs like EUR/USD. While there are no deposit or withdrawal fees, traders should be aware of potential overnight financing costs and an inactivity fee of £10 for accounts dormant for over a year.

  Leverage: The maximum leverage offered varies by region, with retail traders in the UK and EU limited to 1:30 for major currency pairs, while professional clients can access up to 1:500.

  Allowed Trading Platforms: CMC Markets provides access to its proprietary Next Generation platform and MT4, both of which are equipped with advanced features and tools for effective trading.

  Restricted Regions: CMC Markets does not accept clients from the U.S., Belgium, Canada (except for institutional clients), and several other jurisdictions due to regulatory constraints.

  Available Customer Support Languages: CMC Markets offers customer support in multiple languages, including English, French, German, Italian, Norwegian, Polish, Spanish, and more, ensuring assistance is accessible to a diverse client base.

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 9
Tools and Resources 8
Customer Service and Support 7
Trading Setup (Experience) 8
Trustworthiness 9
User Experience 8
Overall 8.2

  

Detailed Breakdown

  Account Conditions: CMC Markets excels in providing favorable account conditions, with no minimum deposit and a variety of account types, including CFD and spread betting accounts. The flexibility in trading conditions is highly rated.

  Tools and Resources: The broker offers a robust suite of tools, including advanced charting features, market sentiment indicators, and educational resources. However, some users noted that the educational content could benefit from interactive elements.

  Customer Service and Support: Customer service is available 24/5, but some reviews indicated that response times via live chat could be improved. Phone support, however, was reported to be prompt and efficient.

  Trading Setup (Experience): The trading experience on CMC Markets' platforms is generally positive, with fast execution speeds and a user-friendly interface. The Next Generation platform is particularly praised for its advanced analytical tools.

  Trustworthiness: CMC Markets has a strong reputation, supported by its regulation from multiple tier-1 authorities. The segregation of client funds and negative balance protection further enhance its trustworthiness.

  User Experience: Overall, users reported a positive experience, particularly with the Next Generation platform's intuitive design and extensive features. However, some noted limitations in the mobile app's functionality compared to the web version.

  In conclusion, CMC Markets stands out as a reliable and feature-rich broker suitable for a wide range of traders. Its competitive pricing, extensive asset selection, and strong regulatory framework make it a compelling choice for those looking to engage in forex and CFD trading. However, potential clients should consider the limitations regarding U.S. access and the absence of cryptocurrency trading for retail clients.

CMC Markets review