CMC Markets Reviews and User Ratings
CMC Markets General Information
CMC Markets Background
Based in London, CMC Markets is an online financial trading site dedicated to spread betting and other financial investments. CMC Markets was founded in 1989 and now has 15 offices around the world. The broker is regulated by the Financial Conduct Authority (FCA), the Commodities and Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investment Commission (ASIC). They have won numerous awards including the 2012 Best Spread Betting Service from Shares Magazine and have been voted by MoneyAM as the forex brokerage with the “Best Online Education” for the three years in a row. CMC Markets offers both regular and fixed risk accounts. The broker has produced an outstanding proprietary trading platform that enables investors to concentrate on the operational performance by filtering out irrelevant price movements and formations. They offer a free demo to help clients become proficient at operating their platform.
Features of CMC Markets
CMC Markets is known to have extensive educational resources. Most of the tools address the needs of beginners by introducing key topics of trading like Trading Mistakes to Avoid, Economic Announcements, Financial Markets, Company fundamentals, Trading Plans, Trend lines and Resistances and Supports. However, professional traders stress that the eight week ‘Trading IQ’ course is perfect for more seasoned traders because it is exceptionally diverse and very informative. Joining the course entitles traders to a free trading day where they are entitled to keep profits and CMC will cover all your losses. CMC Markets Customer Support can be contacted by phone, email, fax, and live chat.
CMC Markets truly focuses on providing highly competitive spreads, a powerful trading platform, and exceptional educational resources for their clients. They’d be a good broker for anyone looking for these.back to menu ↑
Features and Trading Instruments
Pros and Cons
- The major strengths of CMC Markets include their impressive and innovative trading platform, their highly competitive spreads, and their vast library of educational resources.
- Downsides are limited to an initial deposit of £200 to open an account and the fact that CMC does not offer major promotions like some of their competitors.
- Minimum Account Size: $200
- Spread: Low/ Fixed
- Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
- Trading Platforms: CMC Web Platform, Iphone & Ipad App, Android App