Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders; it’s fast, reliable, and packed with impressive tools and features. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.

CMC Markets launches API Direct to give brokers and institutions better access

The broker’s proprietary trading platform also has a useful live chat feature for CFD accounts located when you log in under the Support, Live Help feature. The live chat service had a wait time of 8 minutes when tested for this review. In addition to supporting the popular 3rd-party MT4 platform from MetaQuotes, CMC Markets offers a powerful proprietary web-based platform called Next Generation, as well as iOS and Android mobile applications.

CMC Markets CFD Trading Account

Additionally, you can have access to 100 of the world’s largest indices via CFDs including the Germany 30, UK 100, US 30 and Australia 200. In addition to webinars, the broker offers tutorial videos on how to use its platform, trading strategies, technical and fundamental analysis, portfolio management and other important information. Some of CMC Markets’ learning offerings are categorized below by the type of trader. CMC Markets is a top-tier broker and a superb option for both new and experienced traders in the forex and CFD markets. Our research and extensive testing led us to award this broker an exceptional overall rating due to its great pricing and diverse offering of securities. For clients who meet specific eligibility criteria (typically related to trading experience and financial portfolio size), CMC Markets offers Professional Accounts.

Next Generation Platform

• This account type allows traders to utilize expert advisors (EAs), custom indicators, and advanced charting tools.
• This award-winning platform comes with advanced features such as comprehensive analysis tools, the latest news and updates, as well as advanced technical indicators.
• CMC Markets is a public company so you can see how well it’s doing as a business.
• CMC Markets reported serving 89,978 active clients as of its latest financial reporting, generating £290.5 million in net trading revenue for the 12 months ending March 31, 2024.
• These educational materials are designed to cater to both novice traders who are just starting out and experienced traders looking to refine their skills and expand their understanding of advanced trading concepts.

This means you can explore the different CMC Markets account types, their availability, and features, and then open a trading account to directly experience the services offered by CMC Markets. The spread here starts from 0,2 pips (80% cheaper compared to other account types of the same kind), and allows traders to spread-bet on 12,000 different trading instruments. UK Traders at CMC Markets can spread-bet on over 12,000 assets with spreads from 0,2 pips. The account offered by CMC Markets has no minimum deposit and makes available the proprietary NGEN (Next Generation) platform for spread betting. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

This disparity represents potential savings of up to 48% for traders choosing CMC Markets. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.

Interactive Brokers

• That push on the institutional side and the firm’s focus on in-house trading technology, and the use of currency and share baskets, are the key differentiators from its competitors.
• See how CMC Markets compares to the leading Forex brokers by reading one of the reviews below.
• Ensuring the safety and security of client funds and personal information is a cornerstone of CMC Markets’ operations.
• These fees are typically dependent on the financial institution handling the transaction or the amount being withdrawn.

The sophisticated mobile app includes powerful charting features and more than 40 popular indicators and drawing tools. While CMC Markets offers a $0 minimum cmc markets reviews deposit and a free demo account, its advanced Next Generation platform might have a learning curve for absolute beginners. However, their extensive educational resources can help new traders get up to speed. And in 2018, CMC Markets opened its doors for cryptocurrency, CFD trading, and a new spread betting.

What makes trading CFDs with CMC Markets appealing?

CMC Next Generation is a web-based trading platform, rightly regarded as one of the best in class. It offers a broad range of tools and features suitable for both beginners and expert traders. Tradable instruments span over 12,000 forex pairs, indices, commodities, shares, ETFs, and fixed income. CMC cuts no corners on user experience—despite the abundance of features, Next Generation remains one of the most intuitive platforms on the market to navigate. It also offers demo accounts, providing a risk-free environment for traders looking to practice strategies and build confidence. There’s also access to cryptocurrencies, although it is limited to professional traders only.

We’re listed on the London Stock Exchange and headquartered in London, with several international offices in many of the world’s leading financial centres. This allows us to support over 1.5 m traders and investors worldwide (1.621 million unique user logins for the CMC Markets invest and CFD platforms globally, as at August 2024). We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

These are standard in the industry and reflect the cost of financing the leveraged portion of your trade. Independent reviews report chat wait times are typically no more than 40 seconds and phone support is available 24 hours per day during week days. CFD trades held open when the market closes at 5pm (EST, New York, NY) may incur holding costs.

Deposit/Withdrawal Fees

This structure also promotes high transparency in pricing and faster execution speeds, making Professional accounts an excellent choice for scalpers and high-frequency traders. CMC Markets ensures that all account types offer valuable and tailored features, allowing traders to select the option that best suits their trading strategy and financial goals. In addition to competitive spreads, CMC Markets maintains low commission rates across various account types. This approach allows traders to select an account that aligns with their trading preferences without worrying about excessive costs. This combination of flexibility and cost-efficiency underscores CMC Markets’ commitment to providing value and transparency in its service offerings, making it a preferred choice among global traders.

Third-party reviews highlight CMC Markets’ responsive customer service and reliable platforms, though some clients raise concerns about delays in transfers and occasional high fees. Overall, traders appreciate transparency and support, with mixed feedback on efficiency. CMC Markets combines award-winning technology, competitive pricing, and exceptional reliability. Traders can go long or short on forex, indices, shares, and more, with tight spreads, high-speed execution, and trusted platforms to manage trades confidently. CMC Markets stands out with over 35 years of experience, robust technology, tight spreads, and advanced tools for CFD traders. Backed by award-winning platforms and a client-first approach, it attracts traders globally seeking quality execution and insight.