Recommended for: forex trading 4.1/5
Trusted broker: Top-tier regulated
CMC Markets review summary
CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. CMC Markets has low forex fees, and there is no charge for most deposit and withdrawals options. The web and mobile trading platforms are well-designed, highly customizable and rich with features such as an advanced order panel. Research and educational tools are also wide-ranging and sophisticated. On the downside, stock CFD fees are high. The product portfolio covers only CFDs (forex, indices, commodities, shares, ETFs, bonds, crypto – except for UK clients). Customer service, while helpful, is available only 24/5 (from Sunday nights through to Friday night). Broker Chooser gave CMC Markets a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Is CMC Markets a legit broker?
See how CMC Markets is regulated and whether you should have any concerns using it.
CMC Markets pros and cons
Pro
- Low forex fees
- Great web and mobile platforms
- Advanced research and educational tools
Cons
- High stock CFD fees
- Only CFDs are available
- Customer support only 24/5
Fees
CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
Account opening
The account opening process is fully digital and there’s no minimum deposit.
Deposit and withdrawal
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
Web Trading platform
CMC’s ‘Next Generation’ platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
Mobile Trading platform
The CMC Markets app shares the strengths of the web platform: a modern design with a strong order panel and search functions as well as safe two-step login.
Desktop Trading platform
CMC Markets doesn’t have its own desktop platform, leaving you with MetaTrader 4 as your only option. In design and functionality, MT4 is way behind CMC’s web platform.
Markets and products
CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can’t trade other popular asset classes such as real stocks or ETFs (except for Australian clients).
Education
CMC Markets has a wide selection of educational materials, in the form of videos and articles. In addition to trading lessons, platform tutorials are also available
Research
CMC’s research tools are useful for both beginners and advanced traders. They include charting tools for detailed technical analysis, and news feeds to aid fundamental analysis.
Customer service
Customer support at CMC Markets is great: fast and reliable, with emails often answered on the same day. On the other hand, it is only available 24/5.
