CMC Markets
CMC short for Currency Management Corporation is a top trading broker that does it all. It is a pioneer in the forex trading world. The company was founded in 1989 by Peter Cruddas as a Foreign Exchange market maker under the name Currency Management Corporation. The name was later abbreviated to CMC and then changed to CMC Markets in September 2005. This forex broker is fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK.
They offer an award winning excellent educational and research tools make this a good prospect for beginners however, experienced and professional traders are also well provided for with dedicated sites, rebates, and a free API interface.
CMC Markets is an excellent choice for all levels of traders, with discounts and rewards for high volume trading, as well as excellent usability and educational resources for beginners.
There is an exceptionally wide offering of products on which to trade under the most stringent security measures and with access to highly responsive customer service.
Trust Worthy?
CMC Pros and Cons
Pros 👍
- Founded in 1989, CMC Markets is publicly traded and regulated in five tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
- CMC Markets is a low-cost leader, with measurably lower trading costs compared to the industry.
- Competitive pricing is available for active traders – though the availability of discounts and rebate programs will depend on your country of residence (and any applicable regulations).
- CMC Markets' Next Generation platform features a massive selection of over 12,000 tradeable instruments.
- CMC Markets delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app.
- CMC Markets' Invest app is available in Australia for exchange-traded equities.
- Launched in 2021, CMC Markets' Dynamic Trading product for professional clients allows for the fine tuning of allocations through percentage weightings of investment portfolios.
Cons 👎
- No backtesting capabilities
- CFD spreads on some indices are high
- CMC Markets' MetaTrader 4 (MT4) offering has fewer tradeable symbols, but the addition of Beeks VPS as well as plugins from Autochartist and FX Blue in 2021 have greatly improved its offering.
- Though educational content at CMC Markets is robust, it lacks progress tracking, quizzes and interactive content.
- CMC TV has produced less video content in recent months, with its output limited to weekly webinars.
CMC Markets Overall
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Minimum Deposit
£0-£100
Trust score
100/100
Tradable Symbols
12377
Platform and Tools
- Own Platform
- Education Platform
- MT4
- MT5
CMC Markets Links
Assets and Markets
Stocks
8500+
Commodities
120+
Currency
158
Indices
80+
EFTs
1000+
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail CFD accounts lose money. You should consider whe ther you understand how CFDs work and whether you can afford to take the high risk of losing your money.