- Good Money Guide experts rate the CMC Invest App positively, highlighting its zero-commission trading for general investment accounts and a user-friendly interface. However, they note limitations such as the absence of fractional shares and the lack of limit or stop orders, which may affect trading strategies.
- Across 237 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the app's ease of use, efficient customer service, and competitive spreads. Many users appreciate the platform's reliability and quick execution of trades, while some suggest improvements for the mobile app's user interface.
CMC Invest App Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.5
- Market Access3.5
- Online Platform4.0
- Customer Service4.0
- Research & Analysis3.5
Pros
- Zero commission
- No custody fee for GIAs
- Low FX conversion fee of 0.5%
Cons
- No fractional shares
- No limit or stop orders
See full expert review
Our verdict
The CMC Invest app lets you invest in major UK shares, US stocks and ETFs without having to pay commission when you deal. The app is free to use when investing in a general investment account, however, you can upgrade to a Plus account which includes a flexible stocks and shares ISA, access to UK mid-cap shares and a USD wallet.
Capital at risk
Summary
- Investments: Shares & ETFs
- Minimum deposit: £0
- Account types: GIA, ISA
- Account charge: £0 – £10 per month
- Dealing fee: £0
Fees: General investment accounts are commission and fee free. ISA accounts cost £10 a month and are included in the Plus plan. For US shares there is a 0.5% conversion fee.
App: CMC Invest’s app gives you access to major stocks, and has a screener to help search for potential investments.
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
4/5
Pros:
easy to use
5/5
Pros:
Range of markets
Cons:
better spreads
2/5
Pros:
Good selection of markets
Cons:
Serious issues with the trades not automatically closing leading to situations where money is held overnight and fees are charged. Support team are unsupportive and very hard to understand.
4/5
Pros:
Easy Access
Cons:
Less overnight charges
4/5
Cons:
More info
3/5
Pros:
UI
Cons:
More markets
4/5
3/5
Pros:
None
Cons:
Loads
3/5
3/5
Pros:
app look nice, also first broker i opened an account with
Cons:
no thoughts
2/5
Pros:
Nothing
Aaron Parsons @ 10/09/2020 05:44
Their online trading platform has MAJOR KNOWN ISSUES as admitted to me via email and experienced first hand.
It leads to day trades not automatically cancelling and releasing your money and your money being held until you complain and force them to fix it.
This has cost me a full night and half a days trading, not to mention hours of my time trying to have the trades cleared and funds returned for use.
Also, your stock holdings vanish from your account summary from time to time for no apparent reason.
Their customer service ÔÇ£teamÔÇØ are a complete joke. No-one can do anything except take a message. They have no after hours support of any kind even though they allow customers to trade 24/7 on world wide markets.
This is simply not good enough from a Stock Broker, and I will be ensuring the AFCA and ASX know about it.
Eze Kenechukwu Daniel @ 08/15/2020 03:07
Is amazingly awasome
2/5
4/5
2/5
5/5
5/5
3/5
4/5
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.
