CMC Markets Reviews and Ratings:
The popular CMC Markets broker was founded in 1989 in the UK, regulated by the FCA in the UK and a license in New Zealand. The brokers offer a large list of forex pairs for trading, and are regulated in Australia and Canada as well. It has 14 offices around the world. Clients enjoy near real-time indicators and excellent platform tools for trading.
Account: Standard live accounts and demo accounts are available. The demo account comes with £10,000 of virtual currency to begin honing trading skills with. Corporate accounts are available. Spreads start at 0.7 points and typically average at 0.8 pips. There are cash rebates for high volume traders. Accounts are automatically executed with no dealer intervention. As many as 320 currency pairs are up for trading.
Minimum deposit: $200
Features: CMC Markets offers their own trading platform, which can be downloaded or run on the browser as a WebTrader. However, the browser-based web platform is Flash based, which can be a letdown for some users. Also, Meta Trader 4 is not offered. The broker’s own Next Generation trading platform is powerful with several unique tools that will help beginner and advanced traders customize their trading experience. Order types include limits, stops, GSLO and more. Module linking feature lets users connect windows on a layout for convenience. The Portfolio Mixer lets you create a NAV-based basket of holdings. 69 indicators help with better trading strategies.
Education: Educational tools including FX Calculators, research, market analysis and more.
Deposits/Withdrawals: Deposit and withdrawal methods including credit and debit cards, and bank wires. Withdrawals can be made on the same day for requests before 11 am (non-UK withdrawals) or 2 pm (UK withdrawals.)
Customer service: Support available through phone, email, live chat and social media.