CMC Markets Review

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CMC Markets
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Overview

Company information CMC Markets is one of the companies with a name and a long history of the industry. In 1989 experienced trader Peter Cruddas funds the company. In the… more

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Details

BrokerCMC Markets
Website URLhttps://www.cmcmarkets.com/en/
Founded1989
HeadquartersLondon, United Kingdom
Support Number+44 (0)20 7170 8200
Support Emailhelpdesk@cmcmarkets.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, German, French, Irish, Italian, Norwegian, Spanish, Polish, Chinese, Swedish
Minimum 1st DepositNo
Minimum Trade Amount0.001 lots
BonusRebates scheme
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesCFD, Corporate
Deposit MethodsVisa, MasterCard, Bank Wire
Withdrawal MethodsVisa, MasterCard, Bank Wire
Types of AssetsFX, Indices, Shares, Commodities
Account CurrencyCHF, GBP, NOK, SEK, GBP, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company information

CMC Markets is one of the companies with a name and a long history of the industry. In 1989 experienced trader Peter Cruddas funds the company. In the first years of its existence the company grows fast and, offers spread betting and trading. With the dot-com expansion, the company decides to go online and to allow more people to gamble from their homes via major trading platforms. The year is 1996 and that step into online trading will transform the company making it one of the biggest and best-known trading enterprises in the world. At the moment, CMC Markets has offices in London, Moscow, Paris, Milan, Madrid, Frankfurt, Oslo, Stockholm, Sydney, Toronto, Auckland, and Singapore. On top of that, the company represents traders from over 100 countries in the world.

The main office of the company is in London and. Therefore, the regulation of the trade comes from Financial Conduct Authority. Also, because the company trades with binary options the Gambling Commission also regulates activities related to CMC Markets.

CMC Markets is a major sponsor of different sports events and is involved in yachting and rugby.

 

 Trading information

The company offers over 10 000 products to trade on. These are 338 Forex products, 87 Indices, 9413 shares and ETFs, 111 commodities, 46 treasuries, CFDs, and Countdowns.

Over 330 FX pairs with high spreads starting from 0.7 pips. The margin rate starts at 0.2% and goes up to 2.00%. All of the most popular couples can be seen here EUR/USD, GBP/USD, EUR/JPY and many others. The company offers major, minor and exotic pairs. 100% of the execution is autonomous. The minimum trade size is 1, and the maximum forex leverage is 500:1. Spreads for EUR/USD is 0.7, the GBP/USD is 0.9, and for USD/JPY 0.7.

There is a fee for margin interest.

Indices

Over 90 products on offering in this category. The UK 100, Germany 30 and the US 30 from 1.4 points are provided. The minimum spreads start from 0.3 and go up to 20 pips. The margin rate starts from 0.2% and reaches 10% for Volatility index.

Shares

Over 9400 companies listed here. Here the 1000 ETFs are included. A great number of huge company shares on offering here like Apple, BP, Lloyds Banking Group, Tesco. On the website, each client can find the number of shares provided for each company, the margin rate, the commission charge, the minimum fee and the trading hours in UK time.

Commodities

Here everyone can buy and sell Oil, Gold, and Silver. The spreads for gold starts from 0.4 pips, for oil this number is 3.5 pips and for natural gas 0.3.

Treasuries

These are debt instruments from governments like gilts, bunds, bonds and treasury notes. The company offers over 45 different banks both cash and forward products. The minimum spread starts at 1.0 pips and goes up to 2. The margin rate starts at 0.25%.

 

Trading platforms

Some companies decide to use and integrate the most modern trading platforms for their usage. However, there are companies, usually bigger and better-established ones, who choose to take a different path. This road is precisely the case with MCM Markets who have their platform for trading. The platform allows Android users, tablet users, and I devise users to trade easy and on the go. This specially designed platform has over twenty drawing tools, technical indicators, customizable charts, price history and other tools which every trader appreciates. The platform allows also limit orders, streaming news feeds, nonstop trading and charting. Email and mobile alerts are not present, neither are OCO and Market orders.

 

Security and customer service

The levels of security with that company are not very high looking from the technical point of view. Probably because they are more traditional trading firm or because of any other reason, SSL encryption is absent on their website. However, some companies offer SSL encryption only for their transaction section of the site. Usually, that is when the trader uses third party app for money transaction, and this app is installed on the site but is not visible to the customer. In such cases the transactions are secure. MCM Markets use such technology. Their security policy goes as far as personal information safety. They do not sell or give the personal data to anyone.

The two methods for contacts are phone and email, office and web form. The company supports several languages – Chinese Mandarin, English, Spanish, Swedish, French, German and Italian.

 

Deposit and withdraw

The approach to technology is the same with this company when it comes to payment options too. There are only two payment options a card – debit or credit and WebMoney. The currencies which can be used are AUD, GBP, NZD, NOK, USD, EUR, SEK and SGD. The minimum deposit is $0.The minimum account size is 200 EUR; the spread is fixed and for EUR/USD is 0.7. The minimum position size is one lot.

Withdrawing money is easy. The client can use the same technology used for the deposit.

 

Deposit bonus and loyalty programs

CMC Markets do not offer any rewards or loyalty programs for their clients.

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