fbpx

CMC Markets Review: CMC Markets are one of the original spread betting and CFD brokers founded way back in 1989 by Peter Cruddas. CMC has it's own in house developed trading platform and offers access to all major FX, Index, Equites, Commodities and Fixed Income products. CMC has always been one of the most competitive brokers on pricing and has one of the most advanced online trading platforms.

Visit CMC Markets

CMC Markets Good Points:

  • Well established and professional broker
  • Tight pricing and financing costs
  • Excellent in house trading platform

CMC Markets Bad Points:

  • Limited access to smaller stocks

CMC Markets Key Features

CMC Markets are clearly one of the better spread betting brokers. Like IG, they have been around for ages and stand out primarily because of their investment in trading systems.  The company started off as Deal4Free back in the old days and won a lot of business from competitors because of tights spreads on the most liquid markets.
Visit CMC Markets
CMC Markets ReviewsCMC Markets Client Reviews
CMC Markets Expert Review
CMC CEO InterviewPeter Cruddas CEO & Founder
PlatformsCMC Markets trading platform MT4, Iress Viewpoint, SmartTrade WebTrader & APIs
CMC Markets UpdatesLatest CMC News, Views, Reviews & Guides
Min DepositNo minimum
Account TypesSpread Betting, CFDs, Forex, Prime Brokerage
Spread TypesFixed and variable
Funding MethodsCredit or debit card, bank transfer, PayPal (coming soon)
Customer SupportPhone, email and messenger
Execution TypeInternally matched, DMA, STP
UK 100 Pricing1 point
Germany 30 Pricing1 point
Wall Street Pricing1.4 points
Bitcoin Pricing60 points
Ether Pricing6 points
EURGBP Pricing1.1 points
EURUSD Pricing0.7 points
GBPUSD Pricing0.9 points
Gold Pricing0.3 points
Oil Pricing3 points
Stock PricingVariable
FCA RegulatedYes - See status
Year Established1989
Active Clients59,000+
Markets available9,500+
Retail AccountsYes
Professional AccountsYes - CMC Pro
Listed PLCYes (LSE) See CMC Markets share price
Country FoundedUK
Inactivity Fee£10 per month after 24 months
Overnight Financing Rates2.5% +/- Libor
Educational MaterialYes
Office Locations15
CMC Markets Alternative BrokersCMC Markets Versus IG
CMC Markets Versus ETX Capital
CMC Markets Versus Core Spreads
CMC Markets Versus Plus 500
CMC Markets Versus Spreadex
CMC Markets Versus Saxo Capital Markets
CMC Markets Versus City Index
CMC Markets Versus Forex.com
CMC Markets Versus Pepperstone
CMC Markets Versus XTB
CMC Markets Versus eToro
CMC Markets Versus ayondo

CMC Markets Client Reviews

Here's what users have to say about them. If you've used them leave a review to vote in our Awards for a chance to win £1,000 in Amazon Vouchers.

Submit your review
1
2
3
4
5
Submit
     
Cancel

Create your own review

CMC Markets
Average rating:  
 0 reviews

CMC Markets Expert Review

CMC Markets is one of the largest forex, CFD and spread betting brokers in the UK.  They have their own platform and have an active client base of over 58,000 traders.

Main plus points for CMC Markets

CMC is a public listed company.

This means if you have a lot of money with them you can keep an eye on the share price with a view to reducing your counter-party risk.  Some funds are protected under the FSCS but this stops at around £50,000. If you have more than that you should be dealing with a well capitalised broker such as CMC Markets or IG.

You can check out their share price on Google Finance here (opens new window) - look for the Mkt Cap section for the company valuation.

CMC invests heavily in it's own technology

There has been a recent trend by CFD and forex brokers to try and win business with the use of incentives such as cash bonus top ups and products. However the FCA is putting an end to all that, but the point is CMC Markets have never really got involved in spivvy cash bonuses or offers.  They rely on tight pricing, a stable and innovative trading platform that constantly evolves and good customer service to get and more importantly retain clients.

Market coverage is pretty good.

Of course all brokers offer the most lucrative assets like FX, commodities and index trading as standard. But what makes a spread betting broker or CFD platforms stand out is what else you can trade.  Quite frankly it's a bit of a pain if you are hedging your index exposure or jobbing about in FX, but then have to switch brokers if you want to start hedging or trading shares.

CMC's market coverage is pretty good - they offer all the major main market stocks in the UK, US and Europe.  However, they have very little small cap or AIM coverage.  As with all brokers through, if there is something specific you want to trade pick up the phone and ask if you can deal - they will probably say yes if the volume and liquidity is there.

High volume rebates

If you are a big trader your can get better spreads in the form of high volume rebates.  The premis is pretty standard and automated. So if you cross the preset threshold you should get an automatic credit back to your account.

  • FX, you need to trade at least £50m in volume
  • Indices, £80m
  • Commodities, £10m
  • No rebates available on equities

Mobile trading as standard obviously

As with their trading platform, CMC has a pretty decent APP and mobile site.  It obviosuly doesn't have the full set of features that the desktop version does, but then who wants to look at that type of stuff on their mobile right?

Mobile trading apps are for checking, closing and opening positions really - a few bells and whistles help, but don't really matter.  The desktop platform is one of the best out there.

CMC Markets Traders Guide to Brexit

CMC markets have produced a handy guide to Brexit which covers points like;

Trading implications for;

  • the UK economy and its key sectors
  • the Pound
  • the UK 100 index

The guide also covers the impacts of the European economy, the Euro currency and the European stock markets and indices like the German DAX 30 as well as some possible safe haven assets like; The USD, Japanese Yen, Gold or the Swiss Franc.

Visit CMC Markets

 

CMC Markets CEO Interview

I believe that it is partly my own involvement in CMC which really sets us apart from the competition. I have a huge amount of experience within the industry, and over the years have seen what works and what doesn’t work. I’m still very much involved in the day-to-day running of the business and I am passionate about what I do, and feel this is reflected to both the company’s clients and workforce.

Read the full interview with Peter Cruddas here.

CMC Markets Trading Platforms

CMC Markets Desktop Trading Platform Video Review & Walkthrough

CMC Markets Mobile Trading Platform Video Review & Walkthrough

Video Transcripts

For transcripts of the CMC Trading Platofrm videos click the tabs at the top.

1) Customisation

· Choose from Fixed or Floating Layouts:

o Floating Layouts allow you to move open windows freely around the screen and can extend outside the visible browser space

o Fixed Layouts are confined to the browser screen size and windows automatically adapt to the available space. If you resize one window the adjacent windows will automatically resize to fill the space.

o You have a range of default layouts to choose from or create your own

· Dark or Light Theme

· Main Menu on Top of platform or on the left side

· Ability to tab windows together for better layout management

o Reorder tabs by drag and drop

· Ability to sort, resize, reorder and add/remove columns

· Create up to 10 layouts per account

· Inbuilt Product Search into Product specific windows

· Module Linking

o Link windows together so when you change the product in one the other windows will automatically update.

· Welcome Experience when first setting up the account (i.e. choose fixed or floating, white or dark theme….)

· Free Demo Account to practise trading

o Note layouts, chart analysis, settings etc… are automatically transferred to a Live Account when first opened (one time migration)

2) Product Library

· Access nearly 10,000 products including:

o Indices

o FX

o Commodities

o Cryptocurrencies

o Treasuries

o Shares

o ETFs

· A range of custom Crypto and Commodities Indices (FX indices coming soon)

· Sort Products by Performance to see best and worst performers by filtered lists

· Add Longer Term Change and Volatility columns to Library (1D, 1W, 1M, 3M, 6M, 1Y).

3) Watchlists

· Create as many Watchlists as you like

· 5 Different views available to cater for varying client preferences

o Classic Table View

o Chart Grid View (2 day mini trend charts)

o Quote Panel Grid View

o Analytics View (adds sentiment graphic and 2 day mini trend chart)

o Price Ticker (Note this view is available from the top left context menu on the Watchlist window)

· Download data to CSV

· View Reuters News based solely on the products within a Watchlist

· Topical Watchlists (available on mobile) are ‘coming soon’ to desktop

4) Trade Ideas

· Reuters News

· CMC Analyst ‘Insights’

· Price Alerts

o Client defined levels

o Ability to add notes

· Client Sentiment

o All or Top Client options (Top clients are those who have made an overall account profit over the last three months with an open position in that product)

o Sentiment on Number of Clients as well as Position Value

o Updated every minute

· Reuters Economic Calendar

o Alerts (at time of event or a specified time before)

o Historical Charting of Events

· Morningstar Equity Research Reports

· Chart Forum

o Ability to copy analyst technical insights onto live charts

· Pattern Recognition Scanner

o Scans the most popular markets every 15minutes to identify trade signals

o Emerging Patterns

o Complete Patterns with Price Projection levels

o Backtest Pattern Performance

· CMC TV

o YouTube channel with recordings of the latest Analyst Webinars.

5) Notifications

· Via Push, SMS or Email

· Alert Types:

· Breaking News (Sent by our Analysts)

· Price Movers (Sent by our Analysts)

· Order Executions (Any Pending Orders)

· Calendar Events

· Price Alerts (Client defined)

· Trade Confirmation Emails (Multiple emails allowed)

· Statement Delivery

6) Advanced Charting

· 18 Intervals from 1second to 1month

· 80 Technical Indicators, 35 draw tools, 13 Classic Patterns, 60 Candle Patterns

· Create up to 10 Chart Templates

· Save up to 5 different charts per product

· Multi Interval Chart Feature

o Open up to 4 charts for the same product with varying intervals

· Ability to set Intervals, History, Draw Tools, Indicators and Patterns as favourites for easy access

· Comparison Charts (Drag and drop a product name into the chart space of an open chart)

· Pop out Charts into another Browser window

· Chart Forum showing analyst technical insights (clients can copy onto their own chart)

· Inbuilt Chart Education available on most indicators and Draw Tools (accessed via ‘?’ in top right of that technicals settings window)

7) Advanced Order Ticket

· Enter Trade sizes in Units or Amount (CFD)

· Enter Risk Management levels at Price, Points or Amount

· Trailing Stops & GSLO’s (premium refunded if not used)

· Price Depth Ladder (trade down the ladder to execute large orders in a single transaction)

· Boundary Orders (available on market and Stop Entry Orders to help prevent slippage)

· Custom Stop Triggering on Stop Entry or Stop Loss (ability to specify if order is triggered of the bid, mid or offer price)

8) 1-Click Trading

· Single Click or Double Click options

· Available on all price buttons or just Quote Panels.

9) Positions

· Aggregate and Child Orders displayed

o Modify or close individual orders

· Account Netting On/Off

· Download to CSV

· Select varying close-out methods if market moves against you:

o Close all (Standard)

o Last in First Out

o Largest Position Margin First

o Largest Position Loss First

· Payments by:

o Debit/Credit Card

o Paypal

o Bank Transfer

10) Support/Learn Areas

· Live Chat (click the Person icon in top left of platform)

o Chat with our Customer Service Team while on the platform

· Support Section offering information on regularly requested questions

· Quick Start Guide

· Range of Trading Strategy Videos

· Regular Live Trader Events

· Trading Smart Series of PDFs