is cmc markets legit

Different fees are applicable to different accounts, necessitating a thorough review of the user agreement. The platform features advanced charting with 115 indicators/overlays, 12 chart types, and 35 drawing tools; highly customizable watchlists; client sentiment; and a streaming Reuters feed. Charts can be popped ­out to build and optimize complex desktop layouts. Clients who want to study long-­term trends will find price histories going back 20 years on major instruments. The platform also provides price projection and pattern recognition tools as well as a built­-in connection to the client­-based trader’s forum.

CMC Markets Fees, Commissions, Margin Rates and Account Minimums

The broker also runs 13 satellite offices on 4 continents to support licensed operations in other venues. X (formerly Twitter) and Meta accounts were filled with up­-to-­date comments and active client interactions. Clients can choose between Next Generation and MetaTrader 4 for iOS and Android when picking a mobile platform. The home­grown app outshines MT4 in nearly all aspects but includes fewer features than the web version. Clients can build complex orders and generate customized alerts through push notification or email. The apps provide fingerprint ID entry, but this useful feature isn’t part of a two-­tier authentication process.

CMC Markets Mobile vs. Desktop User Experience 🖥

Here, CMC Markets overall is considered to be competitive and fair overall. Next Generation also gives you access to 20+ years of pricing history to work from in charting and tracking price projections. Despite my best efforts, and feeling like I’ve researched CMC adequately, I’m still being stung with $940 in hidden fees. It seems like an absolute rort that isn’t being adequately reported in reviews or given the weight it deserves on CMC’s own site. This is a REALLY important difference unless you plan to hold and never move between stocks/ETFs.

Multi-Asset CFD Trading

is cmc markets legit

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. CMC Markets offers a versatile and well-rounded trading experience suitable for traders of all levels. Their extensive product range, coupled with the accessible and feature-rich Next Generation platform, provides a strong foundation for traders. The abundance of research resources and educational materials further enhances the trading experience, underlining their commitment to customer support.

Fees & Funding

is cmc markets legit

Got over that hurdle and then received an email stating the accounts were linked and ready to use. CMC Markets is a reputable online trading broker headquartered cmc markets review in London with a global community of traders. They offer two trading platforms, including their proprietary platform and MetaTrader 4.

is cmc markets legit

Shares, Share Baskets, & ETF CFDs

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of nearly 12,000 tradeable instruments. I get the feeling that CMC are deliberately being evasive about this fee. It’s an absolute dealbreaker for trading US stocks and they must make a fortune off those who aren’t fully aware of the underlying workings of CMC vs the way most other platforms operate.

is cmc markets legit

The company also offers a range of advanced order features that are best accessed via the desktop platform (see mobile user experience reviews section here for an explanation about why). And in 2018, CMC Markets opened its doors for cryptocurrency, CFD trading, and a new spread betting. Offering an industry magazine called OPTO and a new user level, CMC Pro, for professional traders. CMC’s impressive development has landed it the #2 spot https://forexbroker-listing.com/ in our list of the best forex platforms. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

This is one of the most well-respected platforms in the industry and very well-known for high levels of customizability and its ease of use with an extensive number of charting tools and indicators available. This is a massive number of pairs including combinations of major, minor, and exotic FX currencies. The selection in this area is among the largest offered by any major broker. More than 150 assets are tradable in the categories of commodities, indices, and bonds, while there are more than 20 other specialized trading instruments known as “Countdowns” that are available for spread betting. The iPhone and Android apps were designed with the active CFD trader in mind.

Overall, as would be expected from a broker with three decades of experience in the industry, CMC Markets covers all areas well and has a very strong and trusted reputation with the regulation in place to support it. Customer service at CMC Markets is provided in 10 different languages and several different mediums. These include a live chat function, email, and phone support on multiple local numbers depending on your location. We may receive compensation when you click on links to products we review. If you have experience trading with CMC Markets please share your personal review of the broker and what you think are strong and weak points. Forex spreads are always tight, order execution is always reliable and I can always get through to customer support when I need them.

  1. It’s harder to recommend the broker for mid- and higher level accounts without professional designation because they can’t access active trader rebates or the API interface.
  2. In every chart, you can directly search for another asset, in the image above if you were to click on the platform where it says Coffee Arabica, you would open up the search list and be able to quickly change.
  3. A proprietary stock trading platform is also available and is web-based.
  4. While cryptocurrency CFD trading and spread betting are seamlessly integrated with no need for a particular interface or exchange, the platform has relatively high average spreads that might affect client interest.

I opened a demo spread trading account and after half an hour I sent an email to close it as CMC did not have the instruments I was looking for. I would definitely have opened a full account with them if they provided futures (i.e forwards) on shares. WARNING…CMC MARKET IS A FRADULENT COMPANY…NOTHING BUT FRAUD….STAY AWAY FROM CMC MARKET STAY SAFE.

I’ve been waiting for weeks for this to be investigated, and still nothing. CMC Markets scores consistently high marks in customer service, which is saying something considering this platform currently caters to users in 88 countries around the world. Some review sites have pointed to a higher-than-average spread for certain assets traded on the S&P 500 and spread bets. In particular, Meta Trader 4 can be a better choice if you plan to do a lot of switching back and forth between the desktop or tablet version and the mobile app. Meta Trader 4 has been around a lot longer than Next Generation and the developers have had more time to work out the mobile experience bugs, as these user ratings reveal. Meta Trader4 is neither as feature-rich nor as popular as Next Generation.

Being so confused about this and not having a definitive answer, I asked directly via CMC’s live messaging. Twice, the support rep referred me to the FX buffer, stating it gets refunded and referred me to the documentation on their website. We appreciate that when you open an account and share your data with us, you trust us to handle your information with care. If you choose to trade in financial instruments you should use an FCA-authorised firm. If you use an unauthorised firm you will be more at risk of a scam and won’t have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS), should things go wrong.

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