CMC Invest Stocks & Shares ISA Expert Review

CMC Invest Stocks & Shares ISA Review

CMC Invest Stocks & Shares ISA Customer Reviews & Expert Rating

The overall score out of 10 combines our expert rating out of 5 with the average customer rating out of 5.
8.6/10Very good

Based on 237 customer reviews and our expert analysis

  • Good Money Guide experts highlight CMC Invest's Flexible ISA as a significant advantage, allowing users to withdraw and reinvest funds without penalty, which is not possible with traditional ISAs. The platform offers zero commission on trades and low foreign exchange conversion fees, although it lacks features like fractional shares and stop orders. Overall, it receives a solid rating of 4.4/5 based on criteria such as pricing and customer service.
  • 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 and speed of trade execution, while some suggest improvements for the mobile app's user-friendliness. Overall, the platform is viewed as trustworthy and effective for trading.

CMC Invest Stocks & Shares ISA Expert rating

Our expert rating is the average of the areas listed here, each scored out of 5 by our team.
4.4Very good

Our experts have rated CMC Invest Stocks & Shares ISA across five key areas of our review framework.

  • Pricing4.5
  • Market Access4.5
  • Online Platform4.5
  • Customer Service4.5
  • Research & Analysis4.0
Pros
  • Zero commission
  • No custody fee for GIAs
  • Low FX conversion fee of 0.5% or less
Cons
  • No fractional shares
  • No limit or stop orders
See full expert review

Our verdict

CMC Invest gives you a flexible stocks and shares ISA that lets you invest in major UK shares, US stocks and ETFs without having to pay commission when you deal. The flexible investment ISA is included in the Plus and Premium accounts, which also include access to UK mid-cap shares and a USD wallet.
Capital at risk

What Does CMC Invest's Flexible ISA Mean?

One of the key advantages of CMC Invest's ISA is that it's a flexible ISA, which means you can take money out, and then put it back in, which you can't do with a normal stocks and shares ISA (as it only recognises the deposits, not the withdrawals).

In a stocks and shares ISA, you can lose invested money, just as with any other investment.

Investments: Shares & ETFs

Minimum deposit: £0

ISA account charge: £6.99 (Plus) or £10.99 (Premium) per month

ISA dealing fee: £0

Fees: General investment accounts are commission and fee free. ISA accounts cost from £6.99 a month and are included in the Plus and Premium plans. For US shares there is a conversion fee of 0.5% (Plus) or 0.39% (Premium).

Customer reviews for CMC Markets

Customer ratings come from reviews left on this site. Every review is read and approved before it is published.
4.2Very good

Based on 237 reviews

  • Excellent52%
  • Very good22%
  • Basic18%
  • Poor6%
  • Bad2%
Read customer reviews
4/5
GMG Awards Voter: [13325129918] ·

Pros:
easy to use

5/5
GMG Awards Voter: [13324031118] ·

Pros:
Range of markets

Cons:
better spreads

2/5
GMG Awards Voter: [13323879745] ·

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
GMG Awards Voter: [13315944251] ·

Pros:
Easy Access

Cons:
Less overnight charges

4/5
GMG Awards Voter: [13289942706] ·

Cons:
More info

3/5
GMG Awards Voter: [13289674542] ·

Pros:
UI

Cons:
More markets

4/5
GMG Awards Voter: [13289562144] ·
3/5
GMG Awards Voter: [13289469187] ·

Pros:
None

Cons:
Loads

3/5
GMG Awards Voter: [13260522278] ·
3/5
GMG Awards Voter: [13255170365] ·

Pros:
app look nice, also first broker i opened an account with

Cons:
no thoughts

2/5
GMG Awards Voter: [13255156412] ·

Pros:
Nothing

Aaron Parsons @ 10/09/2020 05:44
Aaron Parsons ·

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
Eze Kenechukwu Daniel ·

Is amazingly awasome

2/5
GMG Awards Voter: [11876934472] ·
4/5
GMG Awards Voter: [11875029809] ·
2/5
GMG Awards Voter: [11871261059] ·
5/5
GMG Awards Voter: [11844892558] ·
5/5
GMG Awards Voter: [11842952437] ·
3/5
GMG Awards Voter: [11842050969] ·
4/5
GMG Awards Voter: [11820757448] ·
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