CMC Markets Review: How good is this broker?
CMC Markets is an old brokerage company that specializes in CFD and Forex trading. It has been online for quite a long time and seems to have a very good reputation among traders. Nevertheless, one must always check all the available information about a company before investing funds in it. Can this be another scam? Read our CMC Markets review to find out!
About CMC Markets
The company is online since 1989 and has changed significantly since its foundation. Currently, it is regulated by many worldwide authorities including the FCA. CMC Markets is also listed on the London Stock Exchange and that is a very good sign about the trustworthiness of the broker.
Another important detail is that the service has not been hacked since being online and that shows how well the security standards work. Of course, users have to complete a verification process in order to get access to all the features. It is a normal thing in the field.
CMC Markets works in many countries like Canada, Australia, and many others. It follows local rules and is regulated by the authorities operating in these countries. Taking everything into consideration, the broker is a trusted choice.
What can you trade with CMC Markets?
The broker has many assets that customers can work with. These include:
- Over 300 Forex products
- More than 90 indices
- Over 9000 shares and ETFs
- More than 100 commodities
- Above 46 treasuries
- 8 cryptocurrencies
As we can see, there is a lot to do here, and all these assets are waiting for you to make profits with them. Although there are not many cryptocurrencies, this is compensated by shares and Forex pairs. You will not find any other broker with such an enormous number of assets that really work how they are supposed to.
Whenever a deposit with most payment methods is made, the user is not charged anything with CMC Markets. However, using international bank transfers will cost you fifteen pounds. At least this amount is not as big as with competitive brokers. Bank cards are the main method that is used here.
For withdrawals, you can use credit or debit cards, PayPal, POLi, and BPAY. Withdrawals can be made on your own, or you can request assistance in the live chat. Please note that you may be asked to confirm your identity again, so the company can make sure it is transferring funds to the right person instead of a hacker.
The CMC web platform is a high-quality software that can be accessed from any browser that supports HTML5. The interface is very simple. The simplicity still delivers the available features and lets users customize every detail of the trade: stop-loss, take-profit, and many other tools are available.
CMC Market has also developed a mobile app for iOS and Android. The apps also received several rewards. All the features are available, everything can be adjusted to account for every detail. It can be downloaded from the website or app stores.
If you want to enhance your trading experience, it is recommended to use the application in horizontal mode. It is easier to customize charts and analyze them. In addition, it is possible to get live prices, charts, and executions. The application also provides Reuter news feeds.
Overall, even if you are not a fan of mobile trading, the application will give you a possibility to make a smooth transition from the desktop. The usage is easy, the interface is intuitive, so there must be no issues at all.
Advantages and disadvantages
In our review, we have gathered all positive and negative sides in a shortlist, so you can easily understand how good the company is.
- Listed on a stock exchange
- Regulated by many authorities
- Provides demo accounts
- Educational materials
- Good customer support
- Great research materials
- User-friendly platform
- No two-step login
- Poor design
- No 24/7 support
- No banking license
User opinions about CMC Markets
It is not difficult to find reviews about CMC Markets. The company is a very popular choice among many traders. What’s even better, 67% of all the reviews on Trustpilot are excellent and the other 22% are great. This says a lot about the service!
We have found several different opinions to show you what people mention about their experience with this company.
Here is what Ben Combe says about CMC Markets.
He has been trading with the company since 2014 and his experience was great. The company provides the best conditions, and he thinks that the broker is very honest and has no slippage. The customer support has left only positive emotions. There were no issues.
Nathan also considers CMC Markets to be the best broker around the market.
He likes the simplicity of the platform and how many features it has. The technical analysis software is also a great advantage of CMC Markets. Finally, making deposits is very easy with this company. It has good spreads.
Here is the last review that we have chosen. This user is very happy with the platform and does not regret working with CMC Markets.
In addition, the user states that the customer support is very responsive, and the mobile application is even better than the desktop version. Analysis tools are also a very good addition to the overall picture.
CMC markets is a trustworthy company that has many positive features: it is regulated by many different authorities, works in many countries, has positive reviews, and provides high-quality service. It has an excellent mobile application that keeps all the features of the desktop version. You get all the analysis tools, trading settings, and access to all the available assets.
CMC Markets is a really good broker. What was your experience with this company? Let us know about it in the comments below!