CMC Markets Review
CMC Markets is an English broker company. The company was started in 1989; therefore it has a lot of experience in the trading industry. This broker is one of the biggest brokers in the Forex market. It was initiated in the United Kingdom but has opened offices throughout the globe including France, Germany, Australia, and more, which makes it the world-leading provider of CFDs.
CMC Markets has made its website accessible and easy to use for beginners and professional traders who want to expand their businesses. This broker consists of various deposit and withdrawal options, easy account opening, and great tools with advanced research.
Protection
CMC Markets is regulated by the FCA in UK. This company makes sure the broker follows safety measures. Further, this company is also regulated by authorities like ASIC in Australia and IIROC in Canada. This broker participates in the ASX, SSX, and more. They also provide it with financial products. Therefore, this firm is controlled on the institutional-grade level. This broker ensures its’ clients’ safety when it comes to funds and personal information.
Accounts
CMC Markets provides its users with two account types. They are CMC Markets CFD trading and the Corporate account. However, it is important to know that the features of these accounts may be different in different regions because of restrictions set by regulatory authorities. These accounts can be personalized according to your needs and liking. Universal features are almost the same in both accounts and are totally customizable.
Instruments
CMC Markets provides an extremely wide range of trading instruments which round up to about 10,000. When trading online, you need a variety of instruments so you can find which one you want to trade. The instruments at CMC Markets include global currencies like Cryptocurrencies, Indices, Commodities like gold and silver, and countless more. You should be sure to check instruments and their laws to be sure what you’re getting into.
Fees
The fees at CMC Markets are consistent. The spreads start from 0.7 points and also consist of 1 point for indices and 0.3 points on gold. This broker does not charge any deposit fee. However, it does charge withdrawal and inactivity fees in certain cases. Although, it should be known that the fee ranking Is low compared to other brokers like XM.
Deposits and withdrawals
This broker provides quality services and all payments are done in 1 or 2 banking days. CMC Markets does not have a minimum deposit, which means you can deposit funds no matter how low the amount is. It is recommended to deposit at least 200 GBP so margins and costs can be covered. Meanwhile, most other brokers have a minimum of $500.
CMC Markets processes withdrawals quite fast. Typically there is no withdrawal fee, but some banks may impose a banking fee. Therefore, it is crucial to check with your local banks.
Trading platforms
To provide maximum accessibility, CMC Markets has provided web platforms, along with mobile and desktop versions. You can open the website on the web on any device whether it is a laptop or phone (iOS and Android). The web platform has a variety of assets along with scanners that recognize patterns and alert the customers when there is a potential trading opportunity.
When you install the desktop version of CMC Markets, you can find several tools. This is a very powerful platform where you can access spread betting on forex, commodities, and other instruments. However, this feature is only available to UK users. You can also speculate on financial markets with low risk.
The mobile app for this broker is very well-built and has a high rank in the trading industry. It has tools for customization and features that are easy to understand. There are features to ensure there is low risk and losses are minimized as much as possible.
Customer service
CMC Markets has an experienced team available for technical support. This team is available 24/7 and can easily be reached through phone lines and phone lines. They are trained to help clients with any difficulties or confusions they face while using this broker.
Conclusion
CMC Markets is a well-regulated and trusted broker company that provides great features to ensure the ease of its customers and accessibility. This broker has been functioning for over 30 years as of 2022 and it is well-developed and updated according to market changes. It prioritizes its customers and provides several tools and instruments to give you the best trading experience.
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