Forex broker | |
---|---|
Official website | |
Social network | |
Date of foundation | 1970 |
Head Office | 133 Houndsditch London EC3A 7BX |
Company owner | CMC Markets UK plc. |
Types of support | [email protected]Office |
Phone Support | |
Languages | English, French, Spanish, Italian, Etc. |
Terminals | MetaTrader 4 |
Min. first deposit | From 1 USD |
Brokerage commission | $10 on stocks only |
Lot size | From 0.01 |
Leverage | Until 1:5001:100 on CFDs, indices |
Spreads | From 0.6 points |
Free demo account | No |
Adjustable | Yes |
Types of accounts | Demo, Standard |
Transaction volume | 0.01 lot |
Peculiarities of trade | Automated Trading |
Order execution | Market Execution (at market price) |
Methods of replenishment | Wire transfer, Electronic wallets, Bank card (Visa/MC) |
Withdrawal methods | Wire transfer, Electronic wallets, Bank card (Visa/MC) |
Number of assets | 9000+ |
Types of assets | Currency pairsover 330 pairs Stocksshares of many popular stocks, including Apple, BP, Lloyds Banking Group, Tesco, Rio Tinto and many others Indexesmore than 90 instruments worldwide Raw materialsBrent and WTI oil, natural gas, gold and silver Bondsmore than 45 treasury CFDs from around the world |
Account Currencies | EUR, USD, HKD, NZD, AUD, GBP, PLN, SEK |
Mobile apps | |
Weekend trading | Yes |
Tournaments/competitions | No |
Trader training | Seminars, webinars, video conferences, courses |
Contract Difference Commission | Yes |
Swaps | Yes |
PAMM trading | Yes |
Analytics | Market analysis, forecasts, expert comments (materials not in Russian) |
Margin trading | Yes |
Affiliate Program | |
Advantages | A wealth of experience Advantageous trading conditions Fast withdrawal of earnings Functional terminal Analytics and training materials Demo account |
Disadvantages | No Russian language version of the website Terminal freezes |
Company requisites | Legal name: CMC Markets UK plc. Legal address: 133 Houndsditch London EC3A 7BX |
Segregated accounts | There's |
Hedging | No |
Scalping | There's |
Accuracy of quotes | Up to 5 characters |
Date of update | November 6, 2024 |
Overall assessment | 2.1/10 |
Is CMC Markets a Scam? Complete Review and Real Customer Feedback
CMC Markets is deservedly called one of the most experienced Forex organizations, which has been actively operating in the market since 1989. Having such an impressive period of work, today the platform is ready to offer the participants of the system a variety of opportunities for profitable trading, innovative service, author’s terminal, fast transactions and other advantages. The broker, despite the great and successful experience of cooperation with market players, continues its development and does everything to increase the number of clients of the platform.
Still, is CMC Markets a scam and fraud or is it a reliable platform for stable earnings and quick withdrawal of money, the creators of which always and fully fulfill everything they promise to their traders? You will learn about it after reading the next review on our project.
CMC Markets is one of the oldest organizations in the Forex market and CFD with almost thirty years of successful work experience, which has serious licenses of financial institutions and a positive reputation. The company has been providing its services to traders since 1989 and today continues to be a leader, firmly occupying leading positions among such organizations. Since 1996, the broker becomes one of the world’s leading betting providers, ready to offer a range of options to clients around the world. He is registered in the UK, and his offices are located in Spain, Canada, France, Australia, New Zealand, etc. The company has earned more than 50 professional awards, which prove its professionalism, for instance: «The best CFD provider», «The best online platform», «The best training materials», «The best mobile platform», «The best analytics», «The best platform» etc.
Due to the decent experience, which is a significant advantage of the platform, today it has something to offer its user. Much of the brand’s success lies in the fact that it is ready to provide stable access to a wide range of products to customers, which were previously used only by institutional investors. It is profitable trading in stocks, currencies, indices, commodities from one account. Special attention is paid to new technologies that increase the efficiency of work: accuracy of quotations, speed of execution of transactions, as well as attractive conditions (lack of minimum deposit size, trading with leverage of 1:500, fixed spreads, etc.). Users have access to two types of accounts: CFD Account (private account) and CFD Account (corporate account for large companies).
It also provides a reliable platform of its own development – Next Generation, which is notable for its comfort and ease of use. The terminal has a lot of awards, not once was considered one of the best in the market. It is convenient to conduct trading, technical analysis of the market situation and offers various tools: more than 100 indicators, graphical elements, charts and functions. A mobile application (iPad, iPhone and Android) is also available for downloading, which makes trading as comfortable and accessible as possible at any convenient time for the player and in any part of the world.
The newcomers of the broker can first try to work with him on a free demo account: this will allow you to learn the terminal, test trading and strategies for further work on a real account. Investment programs are offered, various trading methods are allowed, including hedging, scalping and automated trading, which is convenient for those users who do not have enough time to work properly. Those who would like to improve their knowledge of the market will like the quality training courses available on the official website cmcmarkets.com: free webinars, electronic materials, you can ask for help from analysts.
Since the company’s traders are located in different parts of the world, it is especially important to provide them with professional support in their native language in order to make cooperation with the broker more comfortable. Managers are available round the clock, seven days a week, ready to help in solving any questions. A large amount of material is also available for analysts at cmcmarkets.com: current news, asset profitability reviews and forecasts. At the same time, those players who have experience with such resources, will easily understand the site and will be able to earn a decent living here.
Deposit and withdrawal
A successful Forex and CFD broker CMC Markets, despite a decent experience, offers not so many options for conducting transactions in the system. So, for account replenishment it is possible to use credit and debit cards, transfers from the bank account or payment systems available here.
Complaints against CMC Markets
CMC Markets has been for a long time in the market and does everything to make trading comfortable and profitable for users. In the network today you can get acquainted with different opinions about the company, both positive and negative. The majority of clients praise the broker’s platform for its wide experience, attractive conditions, absence of slippage, quick withdrawal of money, comfortable spreads, availability of a functional terminal, demo account, high-quality analytics, mobile applications and training programs. Some users of the site recommend it to friends and acquaintances of market players as reliable and stable. This only increases the level of confidence in it on the part of traders. Clients leave negative references about problems with long withdrawal of funds and platform hang-ups. At the moment there are more positive comments about the platform, which attracts more and more traders.
CMC Markets broker’s regulator
CMC Markets is a popular broker of the market, it was founded in 1989 in the UK and is regulated by Financial Conduct Authority (FCA, licenses: 173730, 170627). The company participates in the FSCS compensation program – in case of its bankruptcy, traders will receive the compensation up to 50,000 pounds. The activity of the broker is also controlled by such authoritative regulators as NFA (USA), ASIC (Australia), BAFIN (Germany), OSC (Canada) etc.
Check the broker’s regulation on the official CMC Markets website
Is CMC Markets a scam?
CMC Markets today is deservedly considered to be one of the professional and reliable Forex and CFD brokers. The platform has been successfully operating in the market for almost thirty years, offering users a lot of opportunities for earning money. Constant development, following new tendencies in the field of trading and investments, innovative products and options – all this distinguishes an experienced organization among other similar companies. The increase in the number of satisfied clients, prestigious awards, stability and positive reputation – all this proves the right strategy of work chosen by the platform. At the moment it is one of the leading brokers in the market, which is ready to provide customers with safe and profitable online trading. The organization has licenses of authoritative financial regulators (FCA, NFA, OSC, BAFIN, ASIC etc.) – this largely proves that it does not care about its user, who in this case receives good support, security and guarantee of fair trading.
CMC Markets takes serious the service provided to the customer. The platform of its own development is distinguished by its functionality, here it is comfortable to work and carry out a full analysis of assets, the interface will be understandable for both a newcomer to the platform and a professional market player. The company has successful developments, – this confirms that the broker is not a fraudster and a one-day company, proves his interest in providing the best solutions for Forex trading. Note that at the moment the platform has one of the strongest terminals available for trading, which is not in vain has a large number of awards.
It is profitable to cooperate with CMC Markets as it offers attractive conditions for its clients: absence of a certain size of the initial deposit (thanks to which it is possible to start real trading from the minimum amount), more than 9000 assets, which will make investments profitable, accurate quotes, instant execution of transactions, tight spreads, leverage, which opens up new opportunities for a high level of income, etc. Any strategies convenient for the client can be used in trading: scalping, hedging, etc. Automatic trading of robots is also offered, which is especially convenient for beginners and investors who do not have free time for full-fledged work. Here you can test the system on a free demo account, which will make sure that the platform is comfortable for the user, whether it is profitable to cooperate with it.
A lot of information is available on the official website cmcmarkets.com: free training materials, high-quality analytics – all this will make trading effective. Besides, you can use the help of the company’s analysts, who will be ready to answer any questions. The site supports different languages. It should be noted here that the platform, having a decent work experience, has limited opportunities to conduct transactions, it can also complicate the interaction with it. Support in English is provided around the clock, seven days a week, you can contact the manager by phone, as well as by e-mail, via online chat on the site, etc.
The company has been represented in the market for a long time and has a large number of reviews in the network. Thus, clients praise its author’s terminal, an impressive number of assets, favorable trading conditions, lack of slippage, problems with the withdrawal of capital, the availability of quality materials on the site cmcmarkets.com, analysts, quick support, etc. Traders recommend the platform to friends and acquaintances, which increases its ratings and the level of trust in the network. There are also negative comments, which most often relate to such problems as the long conclusion, hangs of the terminal etc. However, at the moment there are more positive reviews of the platform, which makes it attractive for investors. Still, should we be sure that CMC Markets is a swindle and a scam? Having thoroughly studied the platform’s capabilities, we will confidently answer this question: no, as the organization has been successfully operating in the market for a long time, it does not stop developing, offering its client a lot of advantages: favorable conditions, the availability of a free demo account, an author’s terminal that supports trading in various strategies, a lot of assets, etc.
Summary
CMC Markets is one of the leading Forex and CFD brokers, possessing impressive work experience, prestigious awards and a large base of regular clients. Almost thirty years the company has been successfully operating on the market, making it possible to trade online profitably (read the whole truth about Forex here). Absence of initial deposit, slippage, convenient terminal, narrow spreads, fast execution of orders, support of different strategies by the platform, etc. – the advantages that distinguish the organization among such companies.
Today we will not call CMC Markets a swindle and scam, but the real feedback from the platform’s clients will not only influence its rating within the framework of the project, but will also warn traders about possible problems of the system, which is also important for the modern investor.
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CMC Markets reviews