CMC Markets uses its own proprietary trading platform called Next Generation. It was previously called Market Maker, however, the name was dropped because of (presumable) B-book cogitations. CMC Markets also offers MT4, but it’s a light offering.
CMC Markets Trading Platform Review
Name: CMC Markets Trading Platform
Description: CMC Markets trading platform is very much a technology-driven solution that aims to offer institutional-grade tools and execution to retail and experienced clients.
74% of retail investor accounts lose money when trading CFDs with this provider.
- Markets available: 12,000
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Equity overnight financing: 2.9% +/- SONIA
- Pricing: Shares 0.1%, FTSE 1, GBPUSD 0.59
One of the stand out features of CMC Market’s main trading platform is the client sentiment indicators. Whilst most trading platforms provide this information, where you can see what percentage of the client base is long or short an asset, with CMC Markets you can break sentiment down by time frame and profitable clients. Essentially, giving you an indication of where the smart money is going.
Another key feature I liked when testing the platform was the share baskets. CMC has created it’s own sectors on popular themes like driverless cars, cannabis and cyber security. These give traders the ability to quickly speculate on themes through share baskets which are quicker to build than ETFs, meaning as a trader you can take advantage of sector moves quicker than on other trading platforms.
CMC Markets trading platform has one of the widest market ranges for CFD and spread betting clients, you can trade over 12,000 instruments including an industry-leading 338 forex pairs, 124 commodities, and over 1,000 ETFs. However, CMC Markets doesn’t offer as many UK shares (745) and US stocks (4968) as other platforms, instead focussing on the most heavily traded and liquid companies.
Compared to IG, CMC Markets trading platform feels a bit more professional, it has a classic black background, more flashing lights and a slightly more urgent trading ticket. As such, it is more suitable for more active traders trading intra-day.
Overall, an excellent trading platform and a well-run company.
- Excellent platform
- Client sentiment indicators
- Tight pricing
- No DMA
- Limited options trading
Research & Analysis
- Expert opinion: CMC Markets full review