Expert Review
Product Name: CMC Markets Trading App
Product Description: CMC Markets’ trading app lets you trade over 12,000 markets via CFDs and financial spread bets. It’s suitable for active traders and has the same fast-paced feel as the main platform.
68% of retail investor accounts lose money when trading CFDs with this provider
Is CMC Markets trading app any good?
Yes, CMC Markets’ trading app lets you trade over 12,000 markets via CFDs and financial spread bets. It’s suitable for active traders and has the same fast-paced feel as the main platform.
One of the things that makes CMC Markets app stand out for me when I tested it is the focus on media as well as execution. Instead of providing an app that is just a slimmed-down version of the main platform, there is a huge amount of educational and news content available as video. So the app provides a bit more than just a way to stay connected to the markets, it can be a resource and a way to learn whilst on the move.
The analysis section provides insights and intraday updates, news from Reuters, economic calendars and CMC TV can keep you informed and entertained. There are also some quite good platform tour videos, so you can get to know the platform better, some educational videos on how to trade and you can join live events.
The app quite nicely highlights trending, popular and typical markets, which are ranked by activity so you can see the most liquid markets and what is being traded.
One of the standout features though is CMC Markets’ client sentiment data, which is displayed around the order tickets. When you bring up an asset you can see what percentage of clients are long or short, related products and also break it down between which way the profitable and non-profitable clients are trading.
Overall, CMC Market’s trading app is an excellent resource for active traders on the move.
Pros
- Excellent trading app
- Tight pricing and spreads
- Good sentiment indicators
Cons
- No DMA app trading
- No investment account
-
Pricing
(5)
-
Market Access
(4.5)
-
App & Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
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.
You can contact Richard at richard@goodmoneyguide.com
