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.
Summary
- 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.
Pros
- Excellent platform
- Client sentiment indicators
- Tight pricing
Cons
- No DMA
- Limited options trading
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Pricing
(4.5)
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Market Access
(4)
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Online Platform
(4.5)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4.2- 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.
