- Experts rate CMC Markets Singapore highly for its extensive market access and transparent fee structure, highlighting the sophisticated functionalities of the Next Generation platform which is tailored for professional traders. They note the platform's ability to provide a comprehensive view of market trends and commend the educational resources available, although they mention that the analysis and education offerings could be more frequent.
- Across 237 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's ease of use, fast execution, and excellent customer service. Many users appreciate the wide range of trading instruments and competitive spreads, while some express a desire for improvements in the mobile app's user-friendliness and additional educational resources.
CMC Markets 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 Markets Singapore across five key areas of our review framework.
- Pricing4.5
- Market Access4.5
- App & Platform5.0
- Customer Service4.5
- Research & Analysis5.0
Pros
- Wide market access
- Transparent fee structure
- Well-established and regulated brokerage
Cons
- High CFD slippage volatility
- Costly basic Invest account
- Limited analysis and education
See full expert review
Our verdict
CMC Markets Singapore is a subsidiary of the UK-based brokerage house CMC Markets plc. and is regulated by the Monetary Authority of Singapore (MAS). The company has been long established in Singapore since 2007, offering CFD and FX trading. It launched a stock broking business in 2023, trading as the brand under CMC Invest, also regulated by the MAS.
CMC Markets primarily refers to the firm’s derivatives trading services, which offer high leverage and both long and short positions. Meanwhile, CMC Invest is a stock broking trading account/platform, offering physical shares and ETFs trading without leverage.
Is CMC Markets good for CFD and FX trading in Singapore?
The CFD and FX trading accounts provide access to a broad range of asset classes, including Forex, Indices, Commodities, Shares, ETFs, and Cryptocurrencies, totalling 12,000+ instruments. Clients can choose from three trading platforms – CMC Markets Next Generation(NG) platform, TradingView, and MT4.
The NG platform is more suitable for professional traders due to its sophisticated functionalities. It enables customisable layouts, supporting up to 10 chart windows alongside live pricing for categorized asset classes. The designation can give traders a comprehensive view of the market trends, particularly suitable for those who employ tactical and technical trading strategies. One feature I quite like about this platform is the transparency of order tickets, clearly demonstrating trading amounts, associated costs, and fees upfront without hidden surprises.
The order ticket on the NG platform
TradingView is one of the most popular platforms for both technical and fundamental analysis. The platform offers more than 20 interactive chart types and over 110 drawing tools. For stock investors interested in company fundamentals, it provides access to key financial metrics such as Revenue, Earnings Per Share, and Income Statement.
MT4 is a more simplified trading platform, which may appeal to beginners. The platform offers much less access to instruments.
CMC Invest Singapore
The CMC Invest Singapore account enables clients to access over 45,000 stocks, REITs, and ETFs across 15 major markets, including more than 500 local companies’ stocks. The CMC Invest platform is developed in-house.
There are three types of trading accounts you can choose from – Invest, Platinum, and Diamond- the higher the tier, the lower the trading costs. In my view, premium accounts suit those who trade more regularly with less carrying time, while the standard Invest accounts are better suited to longer-term, buy-and-hold investors.
Compared to other brokers in Singapore, CMC Invest enables broader access to international markets without custody or settlement fees. Instead, you will be charged volume-based commission and FX conversion fees (FX conversion fees are often not transparently displayed by most brokers). CMC Invest offers a limited number of free trades per month before these charges apply.
Research & Education
Both CMC Markets CFD and CMC Invest accounts include Morning Star analysis reports. The company offers education, market analysis, and platform training, though less frequently than in the past. The NG platform also includes a built-in economic calendar and live Reuters news for daily market updates.
The CMC Invest built-in Morning Star report
Customer Service
There are three ways to contact the client service team in Singapore – a 24/5 phone call service line, WhatsApp, and email, depending on the urgency of your enquiry.
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
Reliable
Have been with CMC Markets since 2005. Excellent charts, execution and customer service.
Trustworthy
Trading
forex trading
Fast execution with good leverage in the UK for forex trader.
Easy to use. Good spread. Reliable.
Provides a range of shares, EFTs., Commodities. App is easy to use.
Reliable
Platform stability
Exceptional
Mobile platform, spread
The best
Very trustworthy
Trustworthy
Reliable tools. Easy to use platform. Love data/news feeds.
Fantastic broker
Lots of financial tools, great market coverage, and very low fees. 5 star financial broker
Excellent
Really good trading platform. Easy to use.
Excilent
Accurate information.
Customer first
The have great customer service. Prompt response, catered representatives and a 24/7 help desk that know how to help. The platform itself is fast, hardly down and when it is, the turn around is fast.
Recent integrations with trading view have lifted the platform and the support to onboard to trading view has been seemless.
Competitive pricing
Good user interface. Competitive spreads.
Reliable
Provide a really reliable platform to trade on in good data.
stable
clarity
Excellent
Everything
Reliable
All
best execution
great and reliable platform, best execution speed, wide products, transparent holding and execution costs
excellent
good and easy to use platform
Competent
Clean charts , good spreads and range of platforms
Tina was a Market Analyst at CMC Markets from 2015 to 2024, providing client education, market commentary, and media presentations. She specializes in technical analysis and market fundamentals. Tina believes financial markets comprise a vast area reflecting economies, politics, history, psychology, and philosophy. As a result, her analysis is based on her interpretation of a specific country’s economic and historical background, alongside investor sentiment and behaviour.
Tina’s expertise has garnered recognition, with her commentary frequently quoted by reputable sources like Bloomberg, CNBC, Routers, WSJ, and AFR. Her insights span a diverse spectrum, covering various financial domains, including stock markets, foreign exchange, commodities, and cryptocurrencies. Previously, she also spent significant time with China Central Television. This experience allowed her to develop a deep understanding and insight into China’s economics and business.
