- Experts highlight that CMC Invest SIPP is particularly beneficial for active investors, offering zero commission trading within its Premium plan, which costs £25 a month. The SIPP provides a wide range of investment options, allowing for tailored investment strategies, and is designed for individuals who prefer to manage their own retirement savings actively.
- 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 appreciate the reliability of the trading platform and the quick execution of trades, while some suggest improvements to the mobile app's user-friendliness.
CMC Invest SIPP Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.5
- Market Access4.5
- App & Platform4.5
- Customer Service4.5
- Research & Analysis4.0
Pros
- Zero commission
- Good market access
Cons
- £25 per month account cost
- No website access (app only)
See full expert review
Our verdict
CMC Invest's SIPP is great for active investors and you can buy mid and small-cap UK shares, AIM shares and 1,000+ mutual funds as well as 3,000+ US shares, large-cap UK shares, 400+ ETFs, investment trusts and REITs with zero commission.
What is a CMC Invest SIPP?
The SIPP is available to CMC Invest Premium account holders. SIPP holders will be able to trade at zero commission (other charges may apply), within their Premium plan, which is £25 a month.
A self-invested personal pension or SIPP is a class of personal pension plan in the United Kingdom. A SIPP allows you to make your own investment decisions about your retirement savings.
With a SIPP, you have a wide range of investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs) and more. This flexibility allows you to tailor your investments according to your risk tolerance and investment goals.
As with other personal pension schemes, contributions to a SIPP are eligible for tax relief, reducing your overall tax liability and boosting your investments. The money within the SIPP grows tax-free, and you can access your pension savings from the age of 55 under current legislation.
SIPPs are portable, meaning you can transfer them from one provider to another if you are unhappy with the service or want to consolidate multiple pensions.
With a SIPP, you have greater control over your retirement savings and investment decisions, as opposed to traditional personal pension plans where investment decisions are made by the provider. Though, of course, that puts the onus of performance firmly on you.
Overall, SIPPs are designed for self-determined individuals who want to take an active role in managing their retirement savings and who have a good understanding of investment principles.
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
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Faiz @ 04/06/2020 05:48
With their low costs and wide variety of markets in all asset classes, they suit me the most. Especially for spread betting and trading forward contracts. I have compared spreads and I find those at CMC to be consistently the tightest. Excellent!
Mauro @ 04/05/2020 08:26
A better spread and a platform like tradingview or linked to tradingview or linked to it and that would be perfect but so far amazing customer service and no fees which helps.
Marios Seraphim @ 04/05/2020 05:19
Very good platform very good selection of markets. IÔÇÖm looking forward to when they add options.
Frederic Massey @ 04/05/2020 05:04
Excellent technology, no outages like IÔÇÖve witnessed at other brokers and great personalised customer service
Chris Howells @ 04/03/2020 01:12
Michael's webinar's are a great support and very educational, along with the companies excellent customer service and platform. CMC in my eyes is the best online trading company around.
Charlie Cordt @ 03/24/2020 09:06
The BEST
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.
