- Good Money Guide experts commend CMC Invest Singapore for its low-cost structure, particularly highlighting the absence of account fees and competitive trading commissions for both US and local stocks. The platform is designed to cater to beginner investors while providing access to a wide range of markets, although it is noted that the market range is somewhat limited and options trading is not available. Overall, the platform receives a solid rating of 4.0/5 across various criteria including pricing and customer service.
- Across 237 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's user-friendly interface, efficient trade execution, and responsive customer service. Many users appreciate the competitive spreads and the ease of accessing a variety of trading instruments. However, some users express a desire for improvements in the mobile app's functionality and additional features to enhance their trading experience.
CMC Invest Singapore Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated CMC Invest Singapore across five key areas of our review framework.
- Pricing4.0
- Market Access4.0
- Online Platform4.0
- Customer Service4.0
- Research & Analysis4.0
Pros
- Zero account fees
- Backed by CMC Markets
- Low FX fees for US investing
Cons
- Limited market range
- No options trading
See full expert review
Our verdict
CMC Invest was launched in Singapore to help reduce the costs of investing in local Singaporean and international markets. CMC Invest aims to disrupt the (crowded) market by offering a platform with transparent pricing, good market access and backed by CMC Markets' 30 year heritage.
Summary
The platform has been built from scratch to serve the local market and offers access to shares and ETFs in 15 countries. Pricing is low and for beginner investors on their "gold" account package, there are no custody, account or deposit/withdrawal fees. Commission is only 0.04$ for dealing US stocks (5 free trades) or 0.05% (2 free trades) for local Singaporean stocks. This drops to 0.02% for more sophisticated investors on the "diamond" tier.
- Interview: Christopher Forbes, Head of CMC Invest Singapore on what they offer investors in emerging markets
- Special offer: New customers can claim a free share when they fund and trade a new CMC Invest account.
Customer reviews for CMC Markets
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 237 reviews
- Excellent52%
- Very good22%
- Basic18%
- Poor6%
- Bad2%
Read customer reviews
Best
Best charting platform
Best service
Excellent
Excellent interface of charts and prices and accounts on mobile phone app. Spreads are also very good
Authentic
Reliable, trustworthy, & honest.
seems trustful
i think a better user friendly mobile app well overdue
Seamless
fast execution, small spreads on major pairs, integrated for trading view.
Supportive
Clear and informative, with good history recall.
Very good trade execution
Charting studies & speed of trade execution.
Extremely helpful.
Charts are good. Easy to use platform. They leave you alone to get on with trading. They never push into putting in more more or stake higher.
Reliable
Execution
Consistent
Easy to understand platform and good charting.
Excellent
Reliable, when the market moves, yours move
Brilliant platform.
Good, clear notifications via email re; my account. A very slick & user friendly trading platform. On the odd occasion when having to contact Customer Support, friendly staff & queries/problems resolved very quickly. Would highly recommend.
Great platform
Very intuitive platform, works very well.
Reliable
Always there, always fair.
Innovative
Provides interest on uninvested cash and free access to Bloomberg
Reliable
Narrow FX spreads
Proficient
CMC provides an easy to use platform with good charts and indicators. No hidden fees and good response time when trading. I use them for spread betting, their demo account allows you to practice until you get comfortable.
Professional
Top customer service
Best
Manage very well regarding tradez
Professional
Good spreads fast operations.
Yes, CMC Invest is a reliable and safe way to invest if you are based in Singapore, as according to our interview with Christopher Forbes, head of CMC Invest Singapore they are one of the cheapest platforms around.
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.
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