CMC Markets

CMC Markets Review

1 Star2 Stars3 Stars4 Stars5 Stars (36 votes, average: 3.44 out of 5)
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User Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (36 votes, average: 3.44 out of 5)
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Updated on: April 27, 2017
Deposit Options:
Regulation:
FCA
Spreads FromLeverageTrade Min.Account Min.Loyalty ProgrammeMobile TradingSpecial Offers
0.7 pt 0.25% - 20% £1 £0

iOS

Android

 

  • The new ‘Next Generation Platform’
  • ‘Trading IQ’ training programme

Spread Betting & CFDs carry risk. 78% of traders lose with this provider.

CMC Markets – Award-winning Charting

Founded by Peter Cruddas in 1989, CMC Markets is a UK based financial trading company. Due to its tax status, spread betting accounts are only available to those living in the United Kingdom and Northern Ireland. CMC Markets is currently one of the largest and most successful spread bet sites in the UK.

CMC Markets was awarded ‘Best trading platform’ and ‘Best online charts’ by Money AM in 2013.

Trading Market

CMC Markets has over 7000 products available to spread bet on, over 30 different markets. These include; indices, shares, FX and commodities. The commodities spread betting options are particularly impressive; for example gold is available with a minuscule 0.3 spread point. There are two types of spread trading accounts available for you to choose between; a fixed risk account or a regular account. If you choose the fixed risk account, you will benefit from guaranteed stops, but at the cost of an extra insurance premium. With CMC Markets, you also have the option of opening a joint or company account.

Spread Betting Platforms

CMC Markets can be accessed via three different spread betting platforms. You can go online and have access to real-time pricing information, advanced charting options, as well as live news about the platform’s numerous available products on the company’s website. There are also a number of impressive advanced features, for those looking for a more comprehensive experience. You can benefit from work autosaves, multiple timeframe views, and technical studies. The site is extremely customisable, allowing you to create an environment where you feel confident to spread bet in. For on-the-move trading you can access most of the site’s features via the CMC Markets iPhone app. However, for a more streamlined and feature packed experience, you can use the CMC Markets iPad app instead.

Benefits

There are currently no special offers available with CMC Markets. However, they do have a wide range of educational materials available. As there are a varied amount of tight spreads available on numerous products, CMC Markets may feel that it is unnecessary to offer anything more to new clients. Existing clients can take advantage of credit facilities on their spread betting accounts, as long as they have more than £10,000 of available funds in their account at the time. If you are looking for a safe way to learn the basics of spread betting, you can open a CMC Markets demo account. With the demo account, you can trade on live markets without fear of losing any money. When you are comfortable with the platform you can open a fully functional live account.

Site Strengths

  • An award-winning charting
  • An award-winning trading platform
  • The new ‘Next Generation Platform’
  • The account options
  • The ‘Trading IQ’ training programme
  • The available tight spreads

Site Weaknesses

  • The £100 account balance needed to keep all of your positions open
  • The £200 initial account opening deposit
  • The lack of special offers

Conclusion

The selection of training materials at CMC is second to none. Not only is their eight week ‘Trading IQ’ course incredibly informative and diverse, it’s also hosted by ‘Cold Feet’ star James Nesbitt. During the programme, you are provided with a day of free trading. If you choose your spread bets wisely you’ll get to enjoy your profits, but if they don’t go as planned it doesn’t matter, because CMC Markets will cover any losses from the day. On the whole, CMC Markets is a fantastic spread betting platform, but with its account balance and deposit requirements it may be better suited for advanced traders as opposed to those who are more recently acquainted with spread betting.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

 

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