CMC Markets Review 2019 | Is CMC Markets a Scam or Legit Forex Broker?

Read our CMC Markets review to find out if CMC Markets is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.2/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
CMC Markets
CMC Markets Overview

CMC Markets is the award-winning UK based online FX and CFD brokerage firm that was established in 1989. The company is listed in the London Stock Exchange under the ticker CMCX

# Broker's Features CMC MARKETS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review CMC Markets.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. CMC Markets offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures.

Tradable Products: Over 10,000 trading instruments with competitive spreads

Broker Type: Many types of brokers can be found in the most dynamic market in the world. CMC Markets is Dealing Desk, Market Maker.

Features: Trade with leverage as high 1:200 (professional traders) and take a look at a wide selection of add-on trading features

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. CMC Markets recommended minimum capital is $200.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CMC Markets is regulated by FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: A forex broker with licenses from world’s top financial watchdogs

Languages Available: Next lets have a look at each broker's different Language options. CMC Markets offers Arabic, Chinese, Czech, Danish, English, Finnish, .

Payment methods: Next lets have a look at each broker's payment options. CMC Markets offers Credit Card, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: Three account funding options with no minimum deposit requirement

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, CMC Markets makes CMC Web Platform available to clients.

Web & Desktop Trading Platforms: A proprietary trading platform with an assortment of technical analysis tools, news feed, and chat function
Mobile Trading Platforms: A robust native mobile app available for Android and iOS devices

Other

Trader Education
E-books, videos, and webinars for beginners, intermediate, and veteran traders

Promotions
Monthly rebates and refer a friend bonus for Australia, New Zealand, and Singapore traders

Support
Multilingual customer support available on a 24/5 basis. Help available through in-depth FAQ’s, Live Chat, email, and phone

Recup
Highly regulated broker across multiple jurisdictions

Final Thoughts
The fact that this broker is so highly regulated across multiple jurisdictions speaks volumes as to its seriousness.

Trading Experience
Novice, intermediate and veteran traders will find this broker resourceful

People Also Asked

Is CMC Markets regulated?
Yes, CMC Markets is regulated by top-tier regulators, FCA inclusive.
Where is CMC Markets based?
CMC Markets is based in , United Kingdom
How does CMC Markets make money?
CMC Markets charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in CMC Markets account?
With CMC Markets you can deposit money via the following means; Credit Card, Wire Transfer.
How do I withdrawal in CMC Markets account?
CMC Markets lets you request a withdrawal of funds from your account via the following means; Credit Card, Wire Transfer.
What is the minimum deposit for CMC Markets?
CMC Markets has $200 minimum deposit.
What are the available account base currencies with CMC Markets?
CMC Markets trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in CMC Markets?
CMC Markets has a maximum leverage is 1:30 for professional traders.
How do I open an account with CMC Markets?
Opening an account with CMC Markets is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does CMC Markets use MetaTrader?
CMC Markets platforms: No, CMC Markets do not use MetaTrader but it uses the following platforms: CMC Web Platform
What type of broker is CMC Markets?
CMC Markets appears to be a Dealing Desk, Market Maker broker which offers market access to a variety of traders.
Does CMC Markets accept US clients?
No
Does CMC Markets offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with CMC Markets: You can trade a wide variety of instruments with CMC Markets: Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures