CMC Markets Forex Broker Review – Currently NOT VERIFIED

CMC Markets is not verified from our experts and we advise you NOT to trade there at that moment! You can choose from our alternative Forex brokers such as IronFX and FXGiants, or just pick one from our list with the best companies which you can find here!
Reward: N/A
  • Licence:
  • FCA
  • 173730
Accepted Payment Methods: VISA, VISA Electron, MasterCard, Wire Transfer and more
Min. Deposit: $0
Broker Rating:
  • Reward: 1.0
  • Platform: 1.0
  • Mobile: 1.0
  • Live: 1.0
Overall Score: 1.00/5
Featured Platforms:
  • MT4 and Mobile Trading
Broker Info
  • Company: CMC Markets UK Plc
  • Founded: 1989
  • Headquarters: United Kingdom
  • Phone: +44 (0)20 7170 8200
  • Email: clientmanagement@cmcmarkets.co.uk

When searching for a new forex broker to work with, you have so many names to choose from. At the moment, though, one of the most popular options for people includes CMC Markets forex broker. Why, though? What makes this particular choice for brokerage a good choice for you?

Can you find that you can get the value for money that you would have been hoping for if you use this platform? Does it offer you what you require?

CMC Markets Forex Broker History

When you want a trusted name within the industry, few options are more suitable than CMC Markets. UK-based, this platform was set up in 1989 and has been running safely since then. Indeed, it is regulated by four of the most trusted platforms in the world, at Tier-1 level, as well as two Tier-2 regulators. This gives you plenty of faith that this is a platform with a long body of work, having been around for so many years successfully.

Home to an excellent trading platform and with over 10,000 tradeable instruments, CMC Markets is for the many.

Bonus Offers and Promotions

However, one thing that CMC Markets perhaps falls down on is user value in terms of bonuses. At the time of writing, there is no new user sign-up bonus that is being provided. You also do not get any kind of sign-up bonus or deposit bonus. The only benefit, really, is that you do not have to put in a deposit when you first make an account to turn it into a live trading account.
However, there are precious few bonuses and promotions run by the company as time goes on. Don’t let that put you off what is an excellent broker, though.

Regulations

As we mentioned above, CMC Markets is a platform that is run with high levels of regulation. At the time of writing, there are four Tier-1 regulators, and two Tier-2 regulators. Tier-1 regulation carries the highest standards of honesty, integrity, and general quality. With that in mind, then, you might want to know who regulates this platform.

At the moment, the Tier-1 regulators are the Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA). This should offer ample confidence in how trustworthy CMC Markets can be.

Platforms Offered

In terms of tool offered, we might say that CMC Markets is among the best in class for any forex broker. Their trading platform is known as CMC Markets Next Generation and is rated as the best platform out there for many web-based traders. It has become a tool that is loaded with great features, easy analysis, and insight that you can use. On top of that, it is rapid, always available, and utterly reliable.

That makes it much easier for you to work with CMC Markets as you know their tools can do the job they are supposed to. The whole benefit of using a platform like this is that it is easy to work with and generally easy to understand. Well, CMC Markets offers you an army of charting tools, ease of use platforms, and their hugely enjoyable Breakout and Emerging Patterns tool. These allow you to try and pinpoint when to get involved in a particular market, helping you to look at the figures and make insightful calls based on that.

You also get access to automated trading, which can be very useful. For those who would prefer, you can use the popular MetaTrader 4 platform. However, it comes with a fraction of the tools, systems, and overall suitability that you would get with their own in-house platform. In terms of being able to give you more options, though, CMC Markets offers ample options to ensure you always have something that you can work with.

Education and Support

If you are new to forex trading, then you might want to learn as you trade. They have a range of beginner-friendly articles that can break down terminology and the key things to know about successful forex trading. However, it is the rest of their educational tools that makes CMC Markets such a fine place to begin your journey into trading. Why?

Because it comes with a host of educational videos and podcasts that you can easily learn from. This gives you access to a small army of useful vides on how to use CMC Markets, how to trade properly, and little tips and tricks on things to avoid doing.

They also come with various platform videos, and their own podcast series. Each of these platforms are absolutely loaded with the kind of useful information that you can put to good use and see progress as time goes on.

Withdrawal and Deposits

One thing to note about CMC Markets is that it has no minimum deposit. Many other platforms come with a set fee, often quite high, but you have nothing to worry about with this platform in terms of forcing you to take out X amount.

This should give you a lot of confidence in the platform. On top of that, you can expect all withdrawals and deposits to be managed quickly and easily. With an excellent customer service platform that responds in minutes to queries, too, you can easily chase up any issues that could be delaying your withdrawal or deposit.

Verdict

Giving you over 10,000 instruments to work with is one thing; creating a platform that is so easy to use that you can actually consider all 10,000 is another thing. CMC Markets is one of the most respected and reliable names within the industry for good reason.

Add in their top quality in-house Next Generation trading system and you are working with one of the best overall forex trading systems in the world. It has a long history of being safe, an excellent and proven body of work, and a consistent approach to trading that you can easily learn through its thorough education. What more could you need in a trader, really?

Whether newbie or veteran, CMC Markets is a very recommendable forex broker.