Brokers 2000 helped me choose exactly the right platform that suited me best. As a beginner, that little extra help and information to get started was closer than I thought.
- Sarah C. Chicago IL
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Trading with CMC Markets Today
With over 80,000 active clients globally, CMC has secured its position as one of the world’s well established and highly regarded UK spread betting, CFD and forex broker. It was founded in 1989 by Peter Cruddas and with evolving time has successfully adapted to this ever-changing online brokerage landscape. The performance of CMC markets has been so significant that this company is listed in the London Stock Exchange (LSE) and has won many awards in the past decades. CMC markets is regulated by Financial conduct Authority (FCA #173730), which is known to be the main regulatory agencies in the UK and it currently has 14 global offices which includes localities like, London, Toronto, Stockholm, Paris and Singapore. Having access to over 10,000 financial instruments to trade, including over 32 currency pairs, CMC markets has continued with serving its users as a leader for cost-efficient trading, offering trading costs for forex that are relatively lower than the forex industry average.
As
mentioned earlier, CMC markets allow trades on thousands of financial
instruments and some of the major markets of CMC include, Forex,
Indices, Cryptocurrencies traded as CFDs, Commodities, Shares and
Treasuries. Particularly talking about forex, they are available for
the trade as CFDs and it covers most of the major and minor currency
pairs such as EUR/USD, GBP/USD and USD/JPY. In the case of indices,
users get to choose from over 80 cash and forward indices instruments,
including the UK 100, US 30 and Germany 30. The margin rates for all
of these start from 5%. Cryptocurrencies are traded as CFDs and these
include Bitcoin, Ripple, Ethereum, Bitcoin Cash and Litecoin along
with some un popular ones such as Dash, EOS and the margin rate for
each of these start from 50%. CMC markets offer 100 cash and forward
commodity instruments, including Brent and West Texas crude oil,
metals such as gold, silver, and Natural Gas. CFDs can be traded for
over 9,400 shares from 23 countries, including Apple, Barclays, Tesco
Facebook etc. Lastly, the trade on treasures involves gilts, bonds,
bunds and treasury notes and the margin rate for these starts from
20%.
Using a trading platform is completely based on one’s preference and in case of CMC markets a range of trading platforms are provided starting from the simplest to a much more professional platform. CMC provides its traders with a user-friendly custom trading platform, available as downloadable mobile application as well as web-based Web Trader. The mobile application is both iOS and android compatible, hence making it a lot easier to keep an eye on the trades while you’re on the go.
Traders also get to choose from two more advanced and professional trading platforms known as Next generation and MetaTrader4. These can be considered too advance for the beginners, but CMC has provided a user-friendly guide that could easily familiarize one to its core elements and use. MetaTrader4 is a third-party platform which is sustainable for all types of users.
One thing that is quite impressive about CMC markets is that they have their own trading platform as well which is called Next Generation. It is fast, reliable and comes packed with multiple tools. The layout wizard of Next generation allows the user to choose between floating or fixed windows. Moreover, the module linking is supported with five levels color-coded which makes it a lot easier for the users when they click onto a watch list symbol and the corresponding chart update appears to that instrument, saving a lot of their time. Recently this platform has been fortunate enough to get an award for the best Web-based Platform.
CMC
offers a CDF trading account and a Corporate account to its traders
which vary according to the country they are available in. The minimum
deposit to open both of the accounts is $0 and both of these accounts
provide profits from falling and rising markets. Other than these two,
a free Demo account is also offered to its customers. It enables the
users to try out trading in a risk-free environment and practice
trading strategies and techniques. Users get up to £10,000 in virtual
cash and it can be used for unlimited time period.
CMC markets provides its customer with deposit and withdrawal option that are fairly Industry Standard. Deposits can be made with any Credit/Debit card with cost of 2% Transaction Fee being levied. Bank transfers that fairly faster and deposits through PayNow are also accepted with no transaction fee. CMC accepts 10 different forms of currency for deposit which is definitely a plus point.
Like most of the brokers, CMC markets also charges a fee from the spread. CMC offers pricing that is way better than the overall industry average, with typical spreads of 0.74 pips on the EUR/USD, Average GBP/USD 1.1 pips and AUD/USD 0.8 pips. Overall, a typical spread of 0.8 pips can be expected. Apart from an inactivity fee of £10 (or its equivalent in the account's base currency) per month for each live account having no trading activity in 12 months, and a market data fee for certain CFD shares, CMC markets does not charge any other non-trading-related fees.
The
customer support of CMC markets is quite efficient, reliable and fast.
The options they allow include, emails, with them usually answered the
same day, live chat support and phone support. This market customer
support is available 24 hours from Monday to Friday and the waiting
time for phone support is short and operators are quite helpful and
live chats are extremely responsive, providing clear and fast answers
to the customer queries. The customer support is offered in not just
one but multiple languages such as Chinese, English, French, German,
Italian, Norwegian and many more.
Traders have a variety of options to choose from when it comes to forex trading but what really makes CMC Markets different from its competitors? Well, it is their unique, pioneering trading platform that they have specially designed for their firm known as Next Generation. This special platform is powerful and versatile offering multiple configuration options and tools for traders to customize the platform best suited to their needs. This platform enhances the trading experience for the customers and gives CMC Markets competitive advantage over its competitors. The Negative balance protection feature gives clients peace of mind, along with premium for guaranteed stop loss makes it an attractive deal for the users. They also provide executive control feature, such as the one-click trading feature allows you to place a trade almost instantly, while for enhanced order management traders can set boundaries to control any potential slippage in the market. They also promise a range of sophisticated trading tools, including client sentiment, analytic insights, pattern recognition, chart forums, price alerts, and much more.
With a competitive pricing and over 10,000 market instruments to choose from, CMC markets has made its mark as one of the great choices for global forex and CFD trading. It is an appealing firm that attracts a great amount of attention from professional and institutions because of its ample sets of tools and instrument and with minimum no deposit fee and extra charges. For all those who are interested in CFD trading, spread betting and forex trading, CMC markets is a sensible choice and will continue to achieve way more in the coming years as well.
★★★★☆
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Brokers 2000 helped me choose exactly the right platform that suited me best. As a beginner, that little extra help and information to get started was closer than I thought.
- Sarah C. Chicago IL
An excellent service and it came just at the right time. After several unsuccessful attempts at a previous unknown forex platform, this was what I needed. Thank you Online Top Choice!
- Patrick R. Los Angeles CA
Choosing the right platform that I will stay with for a long time made me nervous. And with so few good comparison sites for Forex, I thought I'd never decide... until I stumbled upon Brokers 2000.
- Jennifer D. London UK