CMC Markets MT4 Customer Reviews & Expert Rating

The overall score out of 10 combines our expert rating out of 5 with the average customer rating out of 5.
8.2/10Very good

Based on 237 customer reviews and our expert analysis

Visit CMC Markets(opens in a new tab)

68% of retail investor accounts lose money

  • Experts commend CMC Markets MT4 for its competitive spreads on over 175 FX pairs, as well as indices and commodities, highlighting the absence of restrictions on scalping and flexible stop-loss and take-profit settings. They note the inclusion of premium MT4 indicators and EAs at no extra cost, although they mention limited market access compared to the main platform. The overall expert rating stands at 4.0/5.
  • Across 237 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's user-friendliness, efficient trade execution, and responsive customer service. Many users appreciate the competitive spreads and the wide range of trading instruments available. However, some mention a desire for improvements in the mobile app's functionality and user experience.

CMC Markets MT4 Expert rating

Our expert rating is the average of the areas listed here, each scored out of 5 by our team.
4.0Very good

Our experts have rated CMC Markets MT4 across five key areas of our review framework.

  • Pricing4.0
  • Market Access4.0
  • Online Platform4.0
  • Customer Service4.0
  • Research & Analysis4.0

Pros

  • Backed by CMC Markets
  • Scalping
  • Lots of premium indicators

Cons

  • Limited market access compared to main platform
See full expert review

Our verdict

Competitive spreads on 175+ FX pairs, plus indices and commodities with no restrictions on scalping and no restrictions on minimum stop-loss or take-profit distances, or stop-loss and take-profit limits. Additional premium MT4 indicators and EAs, included at no cost on a London-located server.
74% of retail investor accounts lose money when trading CFDs with this provider.

Does CMC Markets have MT4?

Yes, and it's actually quite a good offering, compared to other mainstream brokers like IG who also have their own in-house platform.

You get competitive spreads on 175+ FX pairs, plus indices and commodities with no restrictions on scalping and no restrictions on minimum stop-loss or take-profit distances, or stop-loss and take-profit limits. Additional premium MT4 indicators and EAs, included at no cost on a London-located server.

Customer reviews for CMC Markets

Customer ratings come from reviews left on this site. Every review is read and approved before it is published.
4.2Very good

Based on 237 reviews

  • Excellent52%
  • Very good22%
  • Basic18%
  • Poor6%
  • Bad2%
Read customer reviews

4/5

GMG Awards Voter: [13325129918] ·

Pros:
easy to use

5/5

GMG Awards Voter: [13324031118] ·

Pros:
Range of markets

Cons:
better spreads

2/5

GMG Awards Voter: [13323879745] ·

Pros:
Good selection of markets

Cons:
Serious issues with the trades not automatically closing leading to situations where money is held overnight and fees are charged. Support team are unsupportive and very hard to understand.

4/5

GMG Awards Voter: [13315944251] ·

Pros:
Easy Access

Cons:
Less overnight charges

4/5

GMG Awards Voter: [13289942706] ·

Cons:
More info

3/5

GMG Awards Voter: [13289674542] ·

Pros:
UI

Cons:
More markets

4/5

GMG Awards Voter: [13289562144] ·

3/5

GMG Awards Voter: [13289469187] ·

Pros:
None

Cons:
Loads

3/5

GMG Awards Voter: [13260522278] ·

3/5

GMG Awards Voter: [13255170365] ·

Pros:
app look nice, also first broker i opened an account with

Cons:
no thoughts

2/5

GMG Awards Voter: [13255156412] ·

Pros:
Nothing

Aaron Parsons @ 10/09/2020 05:44

Aaron Parsons ·

Their online trading platform has MAJOR KNOWN ISSUES as admitted to me via email and experienced first hand.

It leads to day trades not automatically cancelling and releasing your money and your money being held until you complain and force them to fix it.

This has cost me a full night and half a days trading, not to mention hours of my time trying to have the trades cleared and funds returned for use.

Also, your stock holdings vanish from your account summary from time to time for no apparent reason.

Their customer service ÔÇ£teamÔÇØ are a complete joke. No-one can do anything except take a message. They have no after hours support of any kind even though they allow customers to trade 24/7 on world wide markets.

This is simply not good enough from a Stock Broker, and I will be ensuring the AFCA and ASX know about it.

Eze Kenechukwu Daniel @ 08/15/2020 03:07

Eze Kenechukwu Daniel ·

Is amazingly awasome

2/5

GMG Awards Voter: [11876934472] ·

4/5

GMG Awards Voter: [11875029809] ·

2/5

GMG Awards Voter: [11871261059] ·

5/5

GMG Awards Voter: [11844892558] ·

5/5

GMG Awards Voter: [11842952437] ·

3/5

GMG Awards Voter: [11842050969] ·

4/5

GMG Awards Voter: [11820757448] ·

Yes, you can trade on MT4 in the UK through CMC Markets via CFDs or financial spread bets, (but not MT5 in the UK), either via the apps, browser-based or download the MetaQuotes platform to your PC or Mac. To connect your CMC Markets account to MT4, you will, however, need to generate a separate password in your “Client Admin Portal”.

Compare CMC Markets against other MT4 trading platforms below:

Good Money Guide’s experts have tested and ranked the best MT4 brokers in the UK, regulated by the FCA. Use our comparison of our best-rated MT4 brokers to compare how many markets you can trade, minimum deposits, and what types of accounts are available.
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