Yes, CMC Markets is a CFD market marker in more ways than one. CMC operates a b-book dealing desk model where you are trading against them. CMC also provide liquidity as a market marker for smaller brokers to use their trading volumes.
CMC Markets CFD Trading Review
Overall, CMC Markets is an excellent CFD trading platform with good market coverage and very competitive pricing. It’s most suited to short-term CFD traders speculating on the major markets.
- CFD markets available: 12,000
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Equity overnight financing: 2.9% +/- SONIA
- CFD pricing: Shares 0.1%, FTSE 1, GBPUSD 0.59
One of the main features I like when trading through their platforms that makes CMC Markets stand out is how they present their CFD client sentiment indicators. Most brokers provide sentiment indicators based on what their clients are trading, but CMC enables CFD traders to break down what long and short positions their clients have by time frame and profitability. So you can filter in more profitable traders or longer-term positions.
CMC charges a bid-offer spread on CFDs on indices, commodities, FX and interest rates etc but charges a commission on CFDs over individual stocks and ETFs. Commissions start at 0.10% of the notional value of the trade for UK and European stocks, and at 2 cents per share for CFDs over US equities. Spreads vary by product and contract but are competitively priced relative to peers such as IG and Saxo Markets.
There are some excellent other features as well like thematic indices, share baskets, a wide range of order types, and the ability to enter, work and move orders direct from the charts.
- Excellent CFD trading platform
- Client CFD sentiment indicators
- Tight CFD spreads and pricing
- No DMA CFDs
Research & Analysis
- Expert opinion: CMC Markets full review