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
Name: CMC Markets CFD Trading
Description: CMC Markets is one of the original CFD brokers launched in 1989. They offer access to over 12,000 markets and are known for tight pricing and good trading platform tech.
74% of retail investor accounts lose money when trading CFDs with this provider.
Summary
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.
Pros
- Excellent CFD trading platform
- Client CFD sentiment indicators
- Tight CFD spreads and pricing
Cons
- No DMA CFDs
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Pricing
(4.5)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4.1- Expert opinion: CMC Markets full review
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 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.
