- Good Money Guide experts rate CMC Invest Australia highly, noting its strong market access to 15 international exchanges and competitive pricing, especially for US stocks where investors can trade without brokerage fees on the first $1,000 daily. The platform is praised for its user-friendly apps and robust research tools, particularly through its partnership with TipRanks, which enhances the investment decision-making process.
- Across 237 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the platform's ease of use, efficient customer service, and competitive spreads. Many users highlight the reliability of the trading platform and the quality of the educational resources available. However, some express concerns about the higher brokerage fees for larger trades and the need for improvements in the mobile app's user interface.
CMC Invest Australia Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated CMC Invest Australia across five key areas of our review framework.
- Pricing4.5
- Market Access5.0
- App & Platform5.0
- Customer Service4.5
- Research & Analysis4.0
Pros
- Zero brokerage commission offer
- International market access
- Great app and research
Cons
- Higher dealing brokerage
- 0.6% FX fees for international dealing
See full expert review
Our verdict
CMC Invest lets Austrians invest in 45,000 ASX and foreign stocks in 15 international markets with $0 brokerage on 10,000+ US stocks and ETFs. and $0 brokerage commission on your first Assie stocks buy order under $1,000 everyday.
Is CMC Invest a good Australian investing platform?
Yes, we rate CMC Invest as a very good investing platform for Australians due to their market range, established partent company, regualtory status, low fees and investment options.
Pricing:
CMC has always been cheap and you can invest for free on US stocks (other than the FX conversion fee) and also if you are a small investor you get zero brokerage commission on your first $1,000 trade each day.
Compared to other Australian investing platforms like CommSe, NabTrade, Stake and WestPac, this makes them cheaper initially, for ASX shares, but if you deal more or in larger size, the brokerage of $11 (or $9.90) is more expensive. However, if you are investing in US stocks with CMC Invest as most people do, it works out much cheaper.
Market Access:
Great market access for CMC Invest clients compared to other brokers, you get access to 15 international exchanges as well as the ASX. Active traders can also deal in US stocks outside or normal market hours, which can help hedge or manage your exposure when the main market is closed, or negate the need to stay up late to deal during US market hours.
App & Platform:
I've always found the CMC apps and platforms good for active trading, but the app versions are simple enough for investors that have a longer-term objectives.
Customer Service
Research & Analysis
Very good, CMC Invest has partnered with stock market research aggregator TipRanks in Australia. Under the tie-up, TipRanks now provides CMC’s roughly one million clients across Australia access to insights, datasets, and analysis.
TipRanks tracks more than 100,000 financial experts around the world, including Wall Street analysts, financial bloggers, hedge funds, and corporate insiders.
Among the services integrated into CMC is TipRanks’ analyst consensus, which gives a snapshot of ratings and 12-month price forecasts for both single stocks and exchange traded funds (ETFs).
TipRanks also offers short AI-generated summaries of analyst reports, as well as financial news and scores of stocks based on multiple data points.
CMC Invest Australia head of distribution Kurt Mayell said: “CMC has a long commitment to providing investors with access to institutional-quality investment tools and resources.
“This powerful partnership gives our investors the opportunity to use this best-in-class interactive platform to make data-driven investment decisions, which will help them make more informed investment decisions.”
CMC Markets started life providing forex trading services in 1989 in the UK, where it is still headquartered. In Australia the group also offers stockbroking, which is a much bigger part of its business.
The Good Money Guide’s review of CMC Markets finds it “has always offered, and still does one of the best trading platforms for high-frequency and active traders”. Highlights include its “exceptional” emphasis on technology.
Last month the group's UK long-term investing app CMC Invest launched a cash Individual Savings Account (ISA) offering a competitive interest rate of 4.85% AER.
The new CMC Invest cash ISA is available to be opened through the UK investment app with as little as £1 in funds, with the variable interest rate calculated daily and paid monthly.
It added to CMC Invest’s growing offering of Self-Investment Personal Pensions (SIPPs), Flexible Stocks& Shares ISAs and General Investment accounts.
Customer reviews for CMC Markets
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 237 reviews
- Excellent52%
- Very good22%
- Basic18%
- Poor6%
- Bad2%
Read customer reviews
Top platform
Really like there platform, easy to use on desktop and mobile.
Perfect
Real time price. Easy to deposit or withdraw money
Efficient
Very reliable app
Great
The provider has a wide range of Forex CFDs that helps me create a Month Carry FX trade basket to spread my risk. The spreads are also quite low.
Fantastic
Update news and movement in the market
Best
Platform well designed
great
Option to enter position with predefined TP and ST
Great
Wide choice of trading instrument
Accurate, Assurance
I have been using CMC Markets for Financial Spread Betting for around eight years now. I find the design and functionality of their Mobile and Desktop platforms easy to use, providing accurate information that can be used to make informed decisions.
In the world of Financial Spread Betting I would say trust in a provider is key; I feel CMC Markets based on my experience so far can be viewed as a trusted provider and that is why I would recommend CMC Markets to others.
Efficient
Clear platforms on all devices - excellent customer service - patient and kind to retail traders
Responsive
Their platform is excellent and transactions execution are quick and as expected.
Easy to use and transaction is quick
Tutorial educationap videos explaining well.
Trusted
Very clear good mix of products
Excellent customer service
I use CMC markets for Forex. Really impressed with the courteous and professional service
Excellent
Accurate pricing
Comprehensive
the platform offers a "one-stop-shop" for research, data, and execution and a user-friendly interface that is easy to navigate, regardless of experience level
Top notch
Everything you need in trading
great
This is my first experience.
So far, I have no complaints.
reliable
Small Spread - fixed guaranteed stop loss - easy to use the platform.
fantastic
Everything, and I have been with them since they were called deal4free.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.