CMC Markets Broker Review

Written by Richard Perry

Richard Perry

Richard Perry is a recognised expert in technical analysis and market strategy, with significant experience in currency and equity markets. He has set up his own shingle called Perry Market Analysis, providing consultancy analysis of major markets, including research via webinars, videos and written analysis.

, | Updated: June 10, 2025

If you are looking for a high-trust global brokerage offering competitive pricing for CFDs and spread betting, coupled with a wide range of tradable instruments and feature-rich platforms, then you may find CMC Markets is an appropriate choice for you.

In the following broker review, we will pay close attention to all key aspects of trading with CMC Markets you should consider when deciding whether to trade with this brokerage. Trustpilot users have given CMC Markets a high rating of 4.0/5. The brand’s score is based on a total of 2,226 customer reviews, with a predominant part of reviewers (65%) giving CMC Markets the highest score of 5 stars. Meanwhile, 11% of customer feedback comprises 1-star reviews. The Trustpilot score of CMC Markets was last updated by our team on June 9th, 2025.

Key Pros and Cons

Let us first provide a quick snapshot of CMC Markets’ advantages and disadvantages.

Company Information

The CMC Markets Group is comprised of the following corporate entities with their respective offices:

• CMC Markets UK Plc, office address: 133 Houndsditch, London, EC3A 7BX, United Kingdom
• CMC Markets Asia Pacific Pty Ltd, office address: Level 20, Tower 3, International Towers 300 Barangaroo Avenue, Sydney NSW 2000, Australia
• CMC Markets Austria CMC Markets Germany GmbH, office address: The ICON Vienna, Wiedner Gürtel 13 Turm 24 / 10. Stock 1100, Vienna, Austria
• CMC Markets Canada Inc, office address: 81 Bay Street, Suite 3550, Toronto, Ontario M5J 0E7, Canada
• CMC Markets China, office address: Level 11, Excel Center, No. 6 Wu Dinghou Street, Xi Cheng District, Beijing 100033, China
• CMC Business Services Ltd, office address: Suite 3404, Level 34, Shanghai Tower, No.501, Middle Yincheng Road, New Pudong District, Shanghai, China
• CMC Markets Germany GmbH, office address: Garden Tower, Neue Mainzer Str. 46-50, 60329 Frankfurt, Germany
• CMC Markets NZ ltd, office address: Level 39, 23 Albert Street, Auckland 1010, New Zealand
• CMC Markets Norway, office address: Fridtjof Nansens plass 6, 0160 Oslo, Norway
• CMC Singapore, office address: IOI Central Boulevard Towers, West Tower Unit #25-03, 2 Central Boulevard, Singapore
• CMC Markets Spain, office address: Paseo de la Castellana 40, 9th Floor, 28046 Madrid, Spain
• CMC Markets Germany GmbH sp. z o.o. Oddział w Polsce, office address: ul. Emilii Plater 53, 00-113 Warszawa, Poland
• CMC Markets Middle East Ltd, office address: Office 2903, ICD Brookfield Place, DIFC, Dubai, United Arab Emirates

We should note that CMC Markets does not accept clients based in certain countries, including Japan, Brazil, Belgium, Argentina, South Africa, and the United States. Check the broker’s terms and conditions for the full list of restricted jurisdictions.

Why Trade with CMC Markets?

Now, let us provide a quick list of the key features that we like about CMC Markets.

Regulation

Similar to other major brokerages we reviewed, CMC Markets is a global online CFD and Forex broker authorized and regulated in multiple jurisdictions. In this case, we can say that the broker’s regulatory background is very solid, as it upholds the high standards of four Tier 1 industry regulators, as follows:

• The Financial Conduct Authority (FCA) in the United Kingdom
• The Australian Securities and Investments Commission (ASIC) in Australia
• The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany and the EEA
• The Canadian Investment Regulatory Organization (CIRO) in Canada

Additionally, CMC Markets is regulated by four second-tier financial watchdogs:

• The Monetary Authority of Singapore (MAS)
• The Financial Markets Authority (FMA) in New Zealand
• The Dubai Financial Services Authority (DFSA) in the UAE
• The Bermuda Monetary Authority (BMA) in Bermuda

A breakdown of the various regulation regimes is presented below.

CMC Markets’ FCA license renders UK-based retail clients eligible for compensation of up to £85,000 under the Financial Services Compensation Scheme (FSCS), if the company’s UK subsidiary becomes insolvent.

Meanwhile, the BaFin license entitles retail customers from the EU and the EEA to receive compensation of up to €20,000 per person under the Compensation Scheme of Securities Trading Companies (EdW) if the broker experiences financial difficulties.

On the other hand, the lack of CFTC regulation means that CMC Markets cannot provide online trading services to clients based in the United States.

KYC Procedure for Account Creation and Depositing

Signing up with CMC Markets turned out to be a fast and hassle-free process. The procedure is takes places entirely online and requires around 15 minutes. Our live account was verified within 1 business day. The registration was rather standard and included the following steps:

1. Selecting a country of residence, providing an email address, and choosing a strong password
2. Entering a confirmation code sent via email
3. Selecting an account type and base account currency
4. Entering your personal details and some financial data
5. At this stage, you can use a demo account. For a live account, the broker will require of you to verify your identity and provide proof of residency. For identity verification, you must upload a photo of both sides of your driver’s license, national ID card, or passport. To verify your residency, you should upload a recent bank statement, utility bill, mortgage, or credit card statement.
6. Once the trading account is verified by the broker, you will be able to make an initial deposit to begin trading.

We should also note that CMC Markets will conduct a suitability test, asking you to provide information about your employment, income, trading knowledge, and experience.

Account Types

CMC Markets does not provide extensive information about account types, but we found that the broker actually offers two main options, as shown below. Customers registered under the Bermuda, UK, and Canada-licensed entities are also eligible for FX Active accounts, designed for high-volume traders with spreads from zero pips on major currency pairs and fixed commissions of $10 and £9 for US and UK shares, respectively. Opening a spread betting account is generally an option only for clients signing up from the UK and Ireland.

• CFD trading account
• Spread betting account

No ECN/STP Accounts

Currently, the broker does not offer any ECN/STP account types, which are usually associated with the lowest spreads possible plus a small commission and are favored by both high-frequency traders and professionals.

Multi Accounts Manager (MAM/PAMM)

CMC Markets does not offer MAM/PAMM solutions to accommodate money managers.

Islamic Account (Swap-Free)

CMC Markets also does not offer a swap-free account type, suitable for traders of the Muslim faith. These accounts comply with the Sharia Law, which does not allow paying or earning interest.

Demo Account

A free demo account with unlimited duration is available at this brokerage. Since it mimics real-time trading conditions, the demo account is very appropriate for testing new trading strategies in a risk-free environment, allowing you to trade with virtual funds. The demo also enables novice traders to acquaint themselves with the broker’s platform, its features, and tools.

We should note, however, that CMC Markets’ demo account does not display stock quotes.

Trading Fees and Other Costs

Keeping your trading costs low is essential, but you should do a detailed research of your chosen brokerage when deciding whether to trade there. As with any other CFD and forex broker, you should consider two main types of fees at CMC Markets:

• Trading fees: spreads, commissions, and overnight funding fees
• Non-trading fees: account management fees, deposit, withdrawal, inactivity, and currency conversion fees

Let us provide a breakdown of these two categories to see how CMC Markets fares on this front.

Spreads

In terms of spreads, CMC Markets compares well with other brokers using the market-maker pricing model. While CMC Markets offers both fixed and variable spreads depending on the instrument, forex pairs specifically have variable spreads. On the downside, the brokerage does not disclose any information about average spreads, only listing its minimum spreads for the most actively traded forex pairs.

Next, let us see how CMC Markets fares compared to its closest competitors when it comes to minimum spreads for precious metals and energies.

Commissions

CMC Markets will not charge extra commissions for CFD trading, since it is entirely compensated by the bid-ask spread. This means you will incur no broker fees when you open or close a position. The only exception are stock CFDs whereby customers registered from the UK incur commissions of $10 and £9 for US and UK stocks.

Financing Charges

If you hold a currency position overnight, you will incur an overnight financing charge, or swap rate. This charge is determined by the overnight interest rate differential between the two currencies included in the respective pair and whether you are holding a long or short position. The swap rates for forex pairs are based on the tomorrow to next day (tom-next) rate in the underlying market and are presented as daily or annualized percentages. The adjustments below are added by CMC Markets to the tom-next rates for long positions and subtracted from the rates of short positions.

• Swap rate for long (buy) positions = tom-next rate % + 0.0027%
• Swap rate for short (sell) positions = tom-next rate % – 0.0027%

The daily swap rates for some of the most actively traded currency pairs are as follows:

Deposit Fees

CMC Markets does not charge any deposit fees, which is a fairly standard practice among international brokers.

Withdrawal Fees

CMC Markets generally does not charge internal fees on withdrawals regardless of the payment method you use. However, customers from certain jurisdictions may pay additional fees when withdrawing via international wire transfers.

Inactivity fees

The broker starts charging an inactivity fee of £10 or the equivalent in other base currencies after 12 consecutive months of no trading activity. The fee is deducted from your available account balance each month.

We consider the amount reasonable, not to mention the inactivity period is fairly standard. Some brokerages start charging dormancy fees after 3 months of inactivity, while others charge an administrative fee on top of the inactivity fee.

Overall on Fees

Overall, CMC Markets offers decent conditions for its CFD trading account, with tight spreads, no commissions and no extra fees on top of the overnight funding charges. On the downside, you will incur an inactivity fee if you fail to access your account and place orders for 12 or more months. FX Active accounts, on the other hand, offer spreads from zero pips for major forex pairs, with a $5 roundturn commission ($2.50 each way) per standard lot.

Desktop Trading Platforms

With CMC Markets, you will be granted access to both in-house and third-party trading platforms. The broker’s offering of third-party trading software is quite solid, encompassing MT4 and TradingView, although platform availability varies based on country. Let’s start by examining closely the proprietary Next Generation platform.

The Next Generation Platform

Next Generation is CMC Markets’ proprietary web-based trading platform, which tends to be quite rich in features and functionalities.

First of all, you will be able to take advantage of the platform’s advanced charting package, which includes more than 115 technical indicators and drawing objects, over 70 chart patterns and 12 chart types, allowing for precise technical analysis. CMC Markets has been voted the Best Broker for Charting, based on highest user satisfaction among spread bettors, CFD and FX traders in the Investment Trends 2017 UK Leverage Trading Report.

Second, the platform allows you to look for common technical chart patterns and candlestick setups on active charts across short-term and long-term timeframes with the help of CMC Markets’ price projection tool.

Third, the software offers the module linking capability. You can group together different modules so that whenever you change the product in one module, all other grouped modules will be automatically updated to display that new product.

Fourth, there are additional trading tools you can employ in your market analysis. One such tool is the pattern recognition scanner, which will automatically notify you when a popular chart pattern (triangle, wedge, or channel) emerges across 120 of the broker’s most popular products. Another useful feature is the Client Sentiment tool, which displays the number of CMC Markets’ clients and their ‘Position Value’ in real time.

Fifth, the Next Generation platform also enables you to fully customize your design layouts. You can save and switch between up to five different trading layouts – the five-minute chart layout, FX chart layout, share layout, market overview layout, and trade ideas layout.

Sixth, you will be able to use advanced order options for better management of trade entry, exit, and risk exposure. Those options include boundary orders, trailing stops, price ladders, and guaranteed stop-loss orders, among others.

Seventh, you can also access a range of market news and analysis directly from the trading platform. Those include daily commentaries in the form of articles and video content by CMC Markets’ global team of market analysts, daily videos on the broker’s YouTube channel (CMC TV), and access to Morningstar quantitative equity research reports and Reuters news.

On the other hand, the main drawback of the Next Generation platform is that it has no algorithmic trading capabilities. In other words, if you wish to automate your trading and optimize and backtest your strategies, you will be forced to use the MetaTrader software.

MetaTrader 4

The most popular software for forex trading, MetaTrader 4, is equipped with a range of customization options, trading tools, and chart types. With CMC Markets, you have access not only to built-in technical indicators, but also to thousands of free and paid indicators available for download.

The broker’s MT4 software offers 12 add-ons, including Mini Terminal and Sentiment Trader, as well as 15 extra technical indicators such as Pivot Points, Renko, or Keltner channel.

You will also be able to trade micro lots, which allows for improved risk management, especially when using leverage.

Most notably, the trading platform allows you to develop, optimize and backtest automated trading strategies using the MQL4 programming language.

Last but not least, you have access to the MT4 Trading Signals, the platform’s own copy trading feature, allowing you to replicate the trading activity of other users in real time. You can select who to copy based on a varied range of parameters.

TradingView

CMC Markets customers have the option to place their orders via TradingView, a third-party platform renowned for its advanced charting and social trading capabilities. The platform enables users to identify potentially lucrative trading opportunities with superior technical analysis functionalities, including over 20 chart types and 110+ drawing tools. Additionally, customers will benefit from a social trading community where they can exchange ideas and discuss different strategies with other registered users.

As many as 13 customizable alerts are available, including signals based on prices and trading volume. The platform features north of 400 built-in technical indicators but you can conveniently create custom ones using the Pine Script programming language. TradingView is compatible with desktop and mobile devices, enabling you to stay in the loop and track your open orders even while away from your computer.

Mobile Trading Platforms

Similar to other leading forex brokerages, CMC Markets offers a native mobile app for both iOS and Android devices, which translates very well from the broker’s web-based trading platform.

This intuitive mobile app enables traders to conveniently open, close, and modify their positions while on the go and to take advantage of advanced order ticketing as well as mobile-optimized charting capabilities. Additionally, over 12,000 markets are available to trade either through CFDs or spread betting.

Other key features of the CMC Markets mobile trading app include:

• Fully customizable dashboard and ability to use topical watchlists
• Access to a rich suite of analytical tools, including 40 technical indicators and 13 types of charts
• Ability to set up alerts via push notification, email, or text message
• Access to a Client Sentiment tracker tool that displays the behavior of other traders and updates in real time
• Free access to market news and analysis from the broker’s in-house analysts and other reputable sources like Reuters and Morningstar. A comprehensive economic calendar is also available
• There are also some new security features available such as fingerprint authentication and lock-app timer

We should not forget to mention that CMC Markets’ in-house mobile app has received multiple industry awards, such as:

• Best Mobile/Tablet App for 2019 from the Investment Trends UK Leverage Trading Report
• Best Trading App for 2019 at the Financial Times Wealth Management Awards
• Top Mobile/Tablet App for 2019 at the Shares Awards

Beyond the broker’s proprietary mobile app, you can use third-party mobile apps like MetaTrader 4 and TradingView to benefit from valuable features like one-click trading, micro lot trading, various add-ons, market sentiment tool, and more.

Trading Instruments

CMC Markets is mostly a forex and CFD brokerage and does not enable trading physical stocks, unlike some major stock brokers and CFD brokers. This service is provided only through its stockbroking arm, CMC Invest. What truly impresses here is the exceptionally wide selection of tradable instruments – more than 12,000 across all popular asset classes.

Let us take a closer look at the product lineup.

Foreign Exchange

Currently, CMC Markets offers more than 330 major, minor, and exotic currency pairs to trade, which is well above the industry average. The minimum spreads offered on forex majors like EUR/USD and AUD/USD start from 0.6 pips, mostly aligning with those of the competition. However, ECN brokerages like IC Markets or Pepperstone offer even sharper spreads from 0.0 pips on commission-based accounts. Still, CMC Markets customers can take advantage of ultra-fast order execution, with speeds averaging 30 milliseconds. Another interesting offering at CMC Markets are the forex indices, which comprise entire baskets of pairs sharing the same base currency. A dozen or so forex indices are available to trade, including the CMC USD Index, CMC GBP Index, CMC EUR Index, and CMC AUD Index. In Europe, Australia, and the UK, the maximum leverage is set at 1:30 for currency pairs and 1:20 for currency indices.

Stock Index CFDs

You will be able to access CFDs on more than 80 cash and forward indices, such as the Australia S&P ASX 200 Index, FTSE 100, DJIA 30, S&P 500, and DAX 30. The maximum leverage allowed is 1:20 for major indices, spreads start from 0.5 points for US SPX 500, and there are no additional commissions. Overall, the CMC Markets selection of index CFDs far exceeds the average among other industry competitors.

Stock CFDs

With CMC Markets, you are able to trade CFDs on over 9,000 stocks of companies from 23 countries via the proprietary Next Generation platform. The maximum leverage you can access for stock CFDs is 1:5 in the EU, UK, and Australia, while the minimum commission you will have to pay for each trade is £/€9 for UK and EU shares and $10 for US-listed shares. Additionally, you can access over 1,000 ETFs traded with minimum spreads of 1.0 point and maximum leverage of 1:5. The minimum commission charged on ETF CFD trading is $10. We can say that CMC Markets competes well on the stock and ETF CFD trading front with industry leaders such as IG.

Commodity CFDs

There are over 100 cash and forward commodities available to trade, including spot energies, spot metals such as trading gold, silver, platinum or palladium, and agriculture commodities like coffee, sugar or wheat. The minimum spreads start from 0.26 on spot gold, while the maximum leverage available is 1:20 (only on spot gold). You can access leverage ratios of up to 1:10 on all other commodities. Additionally, you can trade commodity indices that focus on particular sectors – Precious Metals Index, Energy Index, and Agricultural Index. The maximum leverage available for trading those indices is 1:10. Again, CMC Markets’ selection of Commodity CFDs tends to be well above the industry average.

Cryptocurrency CFDs

As many as 14 different digital currencies can be traded in pairs against the US dollar in the form of CFDs. This selection tends to match the offers of most major crypto brokers. The maximum leverage allowed is 1:2 in Europe and Australia, while the spreads offered on some of the instruments tend to be wider than those of the competition. You will find popular cryptocurrencies such as Bitcoin , Ethereum, and Litecoin along with some altcoins such as TRON, EOS, or NEO. There are also 3 crypto indices available to trade – All Crypto Index, Major Crypto Index, and Emerging Crypto Index.

Bond CFDs

CMC Markets offers CFDs on over 50 bonds issued by governments across the EU, the UK, and the US, as well as on Interest Rates such as Euribor. The maximum leverage allowed for Bond CFD trading is 1:30, while the one on Interest Rate CFDs is set to 1:5. You will not be charged any commissions for trading Bonds and Interest Rates. All in all, it is a really good selection of CFDs, given that not many online brokers offer their clientele Bonds and Interest Rates as tradable instruments.

On the other hand, you cannot trade futures CFDs at CMC Markets and some more complex instruments sought out by professional traders.

Last but not least, CFD trading is one possible way to operate with CMC Markets’ trading instruments. Clients residing in the UK and Ireland are also able to benefit from the advantages of spread betting such as:

• Gains from spread bets are not subject to capital gains tax
• No obligation to pay stamp duty, as traders simply speculate on price movements and do not actually own the underlying assets
• No commissions are charged on spread bets.

Trade Execution

CMC Markets uses a dealing-desk pricing model, or simply put, it operates as a market maker. This brokerage model has both its pros and cons.

On the upside, you will have access to fast execution of your orders, as they are carried out in-house with average speeds of 35 milliseconds. Also, you will have access to competitive spreads (meaning low trading costs) and will not be charged any commissions on both CFD trades and spread bets (since CMC Markets is entirely compensated by the bid-ask spread). The only exception to this rule are the CFDs on stocks where nominal commissions are charged per side on CFD trading accounts.

On the downside, as a market maker, CMC Markets will act as a counter-party on all your CFD trades and spread bets. This means the brokerage will be trading against you. It is crucial that you are aware of this circumstance when deciding whether to trade with this broker or not.

For the time being, CMC Markets does not appear to offer STP or ECN order execution.

Deposit Methods

CMC Markets has no minimum deposit requirement, which is a plus for novice traders, as they can start trading with any amount they feel comfortable. Another advantage is that the brokerage does not charge any deposit fees with any of the available payment methods. Still, you should bear in mind that bank transfers initiated from some countries may attract additional fees, which are beyond CMC Markets’ control.

The brokerage accepts deposits made in 10 different base account currencies, including GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, and SGD. This is valid if you intend to open a CFD or FX Active account. In case you wish to open a spread betting account (only for residents of the UK and Ireland), you can deposit funds in two base currencies only, GBP and EUR.

On the downside, the selection of account funding options available is slightly limited. You can choose from the following payment methods:

Currently, there are no deposit bonuses available at CMC Markets.

Withdrawal Methods

UK-based withdrawals will be processed the same day, if the withdrawal request is sent before 2:00 pm GMT. Non-UK withdrawals will be processed the same day, if the withdrawal request is submitted prior to 11:00 am GMT.

CMC Markets will not charge any additional fees on withdrawals, in case the latter are made via local bank transfers, credit or debit cards, and PayPal.

On the other hand, if you withdraw via an international bank transfer, you may incur additional fees but the charges are country and bank-specific.

Additionally, we should note that if you trade through a spread betting account, you will not be able to withdraw funds to credit or debit Cards by Mastercard.

Withdrawals made via debit or credit cards may take up to 5 business days to clear, while international bank wire transfers may take 3 to 5 business days. Withdrawals via PayPal will usually clear within 1 business day.

Customer Support Contacts

CMC Markets offers a professional customer support service on weekdays, from 8 am to 8 pm. You can contact the broker’s support team via several channels:

1. Live Chat – This is the fastest way to reach a representative of the brokerage. We were pleased with our live chat experience, because we received a response in less than half a minute and obtained relevant and precise information about the matters we were interested in. We asked about CMC Markets’ spread betting conditions.
2. Telephone Contact – Contacting CMC Markets over the phone also turned out to be quite fast – the response time was no longer than 30 to 40 seconds. We contacted the broker’s UK office during local business hours by dialing +44 (0)20 7170 8200 and were treated in a truly professional manner. But what is more important, we received very precise information about the matters of interest to us.

   The broker’s support team for other regulated entities can be contacted over the phone during local business hours.

   • Australia: 1300 303 888
   • Canada: 1 866 884 2608
   • Austria: +43 (0)1 532 1349 0
   • Poland: 22 160 56 00
   • Germany: +49 (0) 69 22 22 440 00
   • New Zealand: +64 (0)9 359 1200
   • Singapore: 1800 559 6000
   • Spain: +34 911 140 705
   • United Arab Emirates: +971 (0) 4401 9216
   • Norway: +47 22 01 97 02
   • Beijing: +8610-066070021
   • Shanghai: 800 931 180, 400 816 8888
3. Email Contact – You can also send your inquiries by email. The brokerage has provided several email contacts, as follows:
   • clientmanagement@cmcmarkets.co.uk
   • clientservices@cmcmarkets.com
   • kundenservice@cmcmarkets.at
   • contact@cmcmarkets.ca
   • info@cmcmarkets.co.nz
   • biuro@cmcmarkets.pl
   • info@cmcmarkets.com.sg.
   • support@cmcmarkets.com.au
   • soporteclientes@cmcmarkets.es

   We received precise and timely (less than 4 hours) email response to our queries, after contacting CMC Markets’ support team during UK business hours.

4. FAQs – If you have more general inquiries, you can always check out the broker’s extensive list of Frequently Asked Questions (FAQs) for a possible resolution. In the CMC Markets Help Center, you will find FAQs related to account applications, charges, products, trading platforms, security, trading issues, user guides, account funding, and withdrawals, among others.

We should also mention some of the awards CMC Markets has earned for the exceptional quality of its customer support service.

• Highest Overall Customer Satisfaction, 2019, Investment Trends UK Leverage Trading Report
• Customer Service, 2018, Investment Trends Australia Leverage Trading Report
• Customer Service Team of the Year – Small, 2018, Australian Service Excellence Awards
• Highest Overall Client Satisfaction, 2018, Investment Trends UK & Australia Leverage Trading Report

As was the case with other industry leaders like Pepperstone, CMC Markets did not receive the top mark here, because it does not offer customer support service over the weekend.

Research and Educational Materials

Our reviewers established CMC Markets offers quite a comprehensive and versatile educational content to its clients, probably one of the best in the industry, along with IG. It includes content in the form of articles, video tutorials, and webinars. Here is what you will find:

• Trading guides presented as videos on topics, such as Technical Analysis, Fundamental Analysis, and Trading Strategies
• Written guides on topics such as Trading the News and an Overview of Financial Markets
• Video and written guides on CFD trading
• Written guides on Bitcoin, Ethereum, the risks and benefits of cryptocurrency trading
• Written and video guides covering all aspects of Forex trading
• An interactive guide focused on spread betting, including strategies
• A comprehensive guide on CMC Markets’ proprietary trading platform, Next Generation, including order execution, charting, features, technical and fundamental tools
• A guide on using MetaTrader 4
• Live events such as regular in-house webinars, where you can access live analysis from industry experts and acquire new skills in real time. These events are meant to suit both beginners and more advanced traders.

Currently, CMC Markets does not offer any e-books.

In terms of research, the brokerage offers content such as:

• Fundamental data analysis via Morningstar reports that can be accessed through the Next Generation platform
• Daily market news and analysis by CMC Markets’ in-house analysts available on the broker’s web page. An additional news feed by Thomson Reuters is available on the Next Generation platform.
• CMC TV – the broker’s YouTube channel that provides market updates and technical analysis several times a week
• A customizable Economic Calendar that offers near real-time updates on key macro data and other events.

Let us also mention some of CMC Markets’ awards related to its educational content:

• Educational Materials/Programs, 2018, Investment Trends Australia Leverage Trading Report
• Education Materials, 2016, Investment Trends UK Leverage Trading Report

Security and Money Guarantees

Our team of experts at Bestbrokers.com believes that your money is safe with a trustworthy, multi-regulated global brokerage like CMC Markets. Our key findings include:

• Over 3 decades of business history and growth
• Tier-1 ASIC, BaFin, CIRO, and FCA regulation
• FSCS and EdW compensation for clients from the UK and Canada
• Negative balance protection for clients from the UK, EU, and Australia
• Guaranteed stop-loss order available for CFD and spread betting positions

The high-trust ASIC, CIRO, BaFin, and FCA regulation ensures the broker operates in a transparent and ethical manner. These top-tier licenses also mandate that client money is kept fully segregated from the broker’s own corporate funds in trust accounts at reputable financial institutions. This eliminates the risk of misuse. Retail clients of CMC Markets UK plc will have their funds kept in banks, such as Natwest, Barclays, Lloyds, HSBC, and Ulster Bank. Meanwhile, retail clients of CMC Markets Germany GmbH will have their funds kept in segregated accounts at the Frankfurt branch of Barclays Bank.

Since CMC Markets is a publicly-traded brokerage company, listed on the London Stock Exchange, it is obligated to report its financial results on a regular basis.

In addition, EU-based retail clients are covered by the Securities Trading Companies Compensation Scheme (EdW), while UK-based retail clients can take advantage of even better protection for their money from the Financial Services Compensation Scheme in an event of a broker failure.

Also, CMC Markets offers a valuable risk management tool such as negative balance protection, but only to its retail clientele located in the EU and the UK. In other words, client losses cannot exceed their initial deposit. If a negative balance occurs, CMC Markets will absorb that loss and will automatically restore the clients’ account balance back to zero. Negative balance protection is a useful risk management tool, particularly for novice traders.

Another risk management tool that CMC Markets’ clients can use to protect their active positions includes guaranteed stop-loss orders (GSLOs). The guaranteed stop-loss order sets an absolute limit on your potential losses, while also minimizing the risk of slippage. If you have made an incorrect prediction of market movement, your active position will be automatically closed by the broker’s trading software at the specified price level, regardless of market volatility or gapping. Note that the GSLO incurs a premium charge. If the order is not triggered, CMC Markets will refund that premium in full. GSLOs can be used on both CFD trading and spread betting positions.

And finally, let us not forget to note that CMC Markets has received over 50 prestigious awards, recognizing the quality of its services. Those awards include Best Spread Betting Service for 2018 at the Shares Awards, Financial Services Provider of the Year for 2018 at the Shares Awards, Best Platform Features for 2018 by Investment Trends Australia Leverage Trading Report, and Broker of the Year for Online Share Trading at the 11th Canstar ceremony in 2021.

Conclusion

Our team of experts at BestBrokers.com believes that CMC Markets may be a good choice for novice forex traders because of:

• Its solid regulatory background
• Its award-winning educational content
• The absence of minimum deposit requirements
• Its exceptional customer support service
• Its risk management tools, including GSLOs and negative balance protection

However, since the brokerage does not offer any ECN/STP account types, it may not suit the needs of traders who seek institutional grade pricing and direct market access.

Written by R. Perry