CMC Markets Logo

CMC Markets Review 2024

Last updated Jun 17, 2024
CMC Markets is trusted. Tested via live trading.
CMC Markets №8 in the Forex brokers list

Highlights of CMC Markets

CMC Markets Logo
Register69% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4CMC Markets
PayPal Logo
Bank Transfer Logo
Visa Logo
Mastercard Logo
Maestro Logo
Online banking Logo
compare CMC Markets trading accounts

CMC Markets is a reliable CFD and Forex broker with a long-standing presence in the market. It is regulated by leading financial authorities, ensuring a high level of client fund security.

CMC Markets stands out for its low trading fees, access to a wide range of markets and products, and user-friendly, flexible trading platforms. The broker provides extensive analytical materials and comprehensive educational resources, making it appealing to both novice and experienced traders.

Pros and Cons of CMC Markets


  1. Regulated by leading financial authorities.
  2. Low trading fees.
  3. Wide range of markets and products.
  4. Access to the popular MetaTrader 4 and CMC Markets platforms.
  5. Extensive analytical materials.
  6. Comprehensive educational materials.


  1. Limited account options.
  2. Inactivity fee.
  3. No online chat.

CMC Markets Broker Overview

Foundation Year1988
Official Website
Regulated in CountriesUnited Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab EmiratesMore Details
Minimum Deposit
  • 1 USD
  • 1 EUR
  • 1 GBP
  • 1 AUD
  • 1 CAD
  • 1 NOK
  • 1 NZD
  • 1 PLN
  • 1 SEK
  • 1 SGD
Spreadfrom 0.7 points
Max Leverage1:30
Trading Assets
  • Forex
  • Indices
  • Cryptocurrency
  • Stocks
  • Bonds
  • ETF
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
Trading Platforms
  • MetaTrader 4
  • CMC Markets
Email Support
Hotline Phones
Social Media

The British broker CMC boasts a significant "life experience" – the company began its operations in the financial markets in 1989.

Dynamic development has allowed CMC to gather clients worldwide (over 250,000 in 100 countries). The company has its representations in ten countries, covering all continents except Africa and South America.

CMC Markets is among the most significant market makers in the Forex market and has been repeatedly recognized with awards at prestigious contests.

CMC Markets is in the top 10 of the following ratings:

CMC Markets Review Summary

Our review evaluates the broker CMC Markets on several vital parameters, including regulation, trading conditions, available platforms, analytical tools, educational materials, and customer service quality. Our broker evaluation methodology is based on an objective and comprehensive analysis, which allows us to give you the most complete picture of the broker.

We hope our review will help you make an informed decision about choosing a broker. Continue reading to learn more about CMC Markets.

Reliability and Regulation


The following organizations regulate CMC Markets' operations:

Legal EntityRegulatorReview
CMC Markets UK review
CMC Markets EU review
CMC Markets CA review
CMC Markets AU review
CMC Markets NZ review
CMC Markets SG review
Current review

CMC Markets is regulated in many countries, including the UK, Germany, Australia, Canada, etc. This indicates that the company is subject to the laws of these countries and must adhere to strict standards concerning its clients.

The broker is obliged to follow the Client Assets (CASS) rules, which ensure the protection of client funds. This means that clients' funds are kept separate from those of the company.

If the broker cannot fulfill its financial obligations, the Financial Services Compensation Scheme (FSCS) protects clients' rights by providing compensation of up to £85,000.

Account Opening


The account opening process at CMC Markets involves registration, verification, and selecting account settings. Although the process can take 1-2 business days and requires providing quite extensive information, it remains standard compared to most brokers. The absence of minimum deposit requirements is a significant advantage.


To become a broker client and open a real or demo account, you must fill out a form on the company's website.

Select your country of residence after clicking the "Start trading" button.

Registration at CMC Markets
Registration at CMC Markets

Next, enter your email, create a password, and choose a trading platform (CMC Markets or MetaTrader 4).

CMC Markets Registration form
CMC Markets Registration form

After entering your phone number and verifying your email, you can register a trading account at CMC Markets. The broker offers to select:

  • Country of residence;
  • Instruments for trading;
  • Account type;
  • Account currency (USD, EUR, or GBP).

By the way, CMC Markets immediately provides access to a demo account. All data is sent to the broker by email.

To continue registration, you need to enter the following information:

  • Surname;
  • First name;
  • Phone number;
  • Date of birth;
  • Nationality;
  • Passport number and its expiration date;
  • Identification number;
  • Residential address;
  • Employment status;
  • Source of income;
  • Annual income;
  • Value of assets;
  • Trading information (duration of deals, risk level, and trading experience).

On the last registration page, you need to familiarize yourself with and agree to the rules of the trading platform and all the risks of trading futures.


To be able to deposit and withdraw funds and trade on a real account, you need to verify your account by confirming your identity and address by uploading the corresponding documents.

The broker reviews your application to open an account within 1-2 business days.

Minimum Deposit

One of the advantages of working with CMC Markets is the absence of minimum deposit requirements. This means you can start trading without depositing large sums of money into your account.

Account Types


CMC Markets offers only one account for CFD trading, which provides access to a wide range of trading instruments. A demo account is also available for those who want to practice before trading on a real account.

However, despite these offerings, there is a lack of account options that could satisfy the needs of different types of traders. There are no cent accounts, accounts with fixed spreads, Islamic accounts, or investment accounts such as PAMM accounts or copy trading of successful traders.

Trading Accounts

The broker provides the following trading conditions:

Account CurrencyUSD, EUR, GBP, AUD, CAD, NOK, NZD, PLN, SEK, SGD
Minimum Deposit1 $1
Trading PlatformsMetaTrader 4CMC Markets
Spreadfloatingfrom 0.7 pipsfor EURUSD~ 0.7 pips
Commission per Trade
Trading AssetsForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Opened Positions
Margin Call / Stop Out80% / 50%
Order ExecutionMM
Demo Account
Islamic Account

Demo Account

The CMC Markets demo account offers a unique opportunity for traders to familiarize themselves with the platform and test various trading strategies without the risk of losing real funds. This account provides virtual funds of £10,000, allowing traders to gain realistic experience in trading CFDs on various markets, including indices, currency pairs, stocks, commodities, and treasuries.

The demo account at CMC Markets has no expiration date, so you can use it for as long as you need.

Order Execution

A dealing desk technology, which is 100% automated, is used. All operations proceed without any dealer intervention. It applies to all trading instruments – Forex, stocks, bonds, commodities. The trader can use the best offers for buying/selling an asset, selecting from 10 different offers on the price ladder.



CMC Markets does not charge fees for depositing or withdrawing funds. As for trading commissions, the broker only earns from spreads and swaps. However, there is an inactivity fee for dormant trading accounts.

Spreads and Swaps

CMC Markets' primary source of income is spreads and swaps. The broker offers competitive spreads starting from 0.7 pips for major currency pairs such as EUR/USD and AUD/USD. Swaps also vary depending on the currency pair and the direction of the position (long or short).

AssetAverage spreadSwap longSwap short
EURUSD0.7 pips-6.92 pips-0.93 pips
AUDUSD0.7 pips-7.00 pips-0.08 %
GBPUSD0.9 pips-3.66 pips2.55 pips
USDJPY0.7 pips12.51 pips18.06 pips
USDCAD1.3 pips-1.93 pips4.19 pips
USDCHF1.2 pips7.40 pips13.29 pips
NZDUSD1.5 pips-3.85 pips4.10 pips

Inactivity Fee

It's important to note that CMC Markets charges an inactivity fee. This monthly charge of $15 (or the equivalent in another account currency) is levied on a client's trading account if there is no Forex market activity for 12 months. The fee is charged monthly until the client begins trading, closes the trading account, or the account balance runs out.


You can expect to receive rebates (cashback) from CMC Markets if you're an active trader.

Your total monthly CFD trading volume on Forex must be at least $50 million to qualify for rebates. When you reach this level, you receive either $5, $7, or $10, depending on the level achieved, for each $1 million of your trading volume, starting from the first trade in the month. You also receive a discount on swaps.

LevelTrading Volume, millionsRebate per 1 millionDiscount

Deposit and Withdrawal


At CMC Markets, we recognize the availability of various methods for depositing and withdrawing funds, the absence of broker commissions, and reasonable processing times for transactions.

Deposit Methods

The following options are available for account funding:

Payment SystemCurrenciesDeposit FeeOperation Limit
from 100 USDfrom 100 EURfrom 100 GBP
Bank TransferBank Transfer
from 100 USDfrom 100 EURfrom 100 GBP
from 100 to 50000 USDfrom 100 to 50000 EURfrom 100 to 50000 GBP
from 100 to 50000 USDfrom 100 to 50000 EURfrom 100 to 50000 GBP
from 100 to 50000 USDfrom 100 to 50000 EURfrom 100 to 50000 GBP
Online bankingOnline banking
from 100 to 50000 USDfrom 100 to 50000 EURfrom 100 to 50000 GBP

CMC Markets does not charge a deposit fee. However, there may be a fee from the payment system, which we have considered in the table above.

Withdrawal Methods

At CMC Markets, the following withdrawal methods are available:

Payment SystemCurrenciesWithdrawal FeeOperation Limit
up to 10000 USDup to 10000 EURup to 10000 GBP
Bank TransferBank Transfer
up to 40000 USDup to 40000 EURup to 40000 GBP
up to 40000 USDup to 40000 EURup to 40000 GBP
up to 40000 USDup to 40000 EURup to 40000 GBP

The broker does not charge a fee for withdrawals. However, there may be a commission from the receiving bank.

The broker processes withdrawal requests within one business day. Withdrawals to credit cards and PayPal take 1-2 days, while bank transfers can take up to 5 days.

Markets and Products


CMC Markets offers various CFD trading instruments for different financial markets.

What markets are available?

BrokerIC MarketsCMC MarketsPepperstone
Precious Metals71920
Energy Carriers5454
Soft Commodities85816

Margin Requirements

Margin requirements refer to the percentage of the total value of a trader's position in their account as collateral to open and maintain a position. At CMC Markets, margin requirements vary depending on the trading asset.

Trading InstrumentMax. Leverage for Retail Traders
Precious Metals
Energy Carriers
Soft Commodities

Trading Platforms


The broker offers two trading platforms: MetaTrader 4 and its proprietary CMC Markets platform. Both platforms are feature-rich and provide numerous tools for analysis and trading. However, some traders may find the CMC Markets platform complex for beginners.

MetaTrader 4

MetaTrader 4 (MT4) is one of the world's most popular trading platforms available to CMC Markets clients. MT4 is known for its reliability, powerful analytical tools, and flexibility.

The platform provides a wide range of features, including one-click trading, many technical indicators, charting tools, and the capability for automated trading using expert advisors.

MT4 also offers a comprehensive environment for developing and testing your own trading strategies and indicators with the integrated MQL4 programming language.

The platform is available in various formats, including desktop applications, a web version, and mobile apps for iOS and Android, allowing traders to monitor the market and trade anytime and anywhere.

MetaTrader 4 CMC Markets
MetaTrader 4 CMC Markets

CMC Markets

The CMC Markets platform boasts extensive capabilities and a high level of customization, for which international experts have repeatedly awarded it.

CMC Markets platform
CMC Markets platform

You can open tabs and windows, resize them, and customize the platform to your preferences.

Let's move on to the platform's capabilities.

  1. The product library is conveniently categorized. Each list of CFD instruments can be filtered by popularity, country, category, subcategory, etc. This is useful for creating watchlists.

  2. Watchlist – You can create as many as you want based on your chosen criteria. Watchlists can be viewed as a classic table with charts or a quote panel.

  3. You can create price alerts for any product.

  4. You can choose a dark or light theme for the platform or change the menu layout.

CMC Markets Watchlist
CMC Markets Watchlist

The platform allows up to 4 charts to be displayed simultaneously. For analysis, there are many timeframes (1 second to 1 month) and chart types (Japanese candles, bars, Kagi, etc.).

The chart can be marked up with a multitude of tools. All lines, levels, angles, patterns, labels, etc., are available.

The broker is also generous with indicators. Some indicators overlay directly on the chart (moving averages and their derivatives) and classic oscillators.

CMC Markets Charts
CMC Markets Charts

The platform also offers analytical tools:

  • News from Reuters;
  • Economic calendar;
  • Various insights;
  • Chart forum;
  • CMC TV;
  • CMC Markets Blog;
  • Pattern Scanner is a tool that automatically searches for and draws technical patterns on charts.
CMC Markets Pattern Scanner
CMC Markets Pattern Scanner

Everything needed for a successful CMC Markets trading platform – workspace customization, creating watchlists, charting with indicators, news on a neighbouring tab, and analytical tools are available.



CMC Markets offers a broad array of analytical tools and high-quality information provision.

Traders are provided with information in the following areas:

  • Expert commentary on financial markets;
  • Commentary and forecasts for currency pairs;
  • Technical analysis;
  • Fundamental analysis.

The markets researched include Europe, Asia, the USA, Canada, and the UK.

The "Analytics" (News & Analysis) section on the website contains updates from Reuters, a weekly economic calendar, charts, exchange rates for currency pairs, and schedules for trading on Forex and stock exchanges.

Information on all CMC Markets company analysts is also available.

CMC Markets Analysis
CMC Markets Analysis



CMC Markets takes education seriously, and its training programs are among the best in the industry.

Forms of education include:

  • Seminars,
  • Webinars,
  • Video conferences,
  • Courses.

Leading company traders conduct classes and regularly feature world-renowned financial market experts.

Thematic sections and class schedules are published on the broker's website. Clients can choose the course and sign up through a feedback form. Most lectures and seminars are free for the company's clients.

Learn To Trade with CMC Markets
Learn To Trade with CMC Markets

Customer Support


CMC Markets has a solid technical support system in place. The company has opened 15 offices around the world. Local traders can seek help via local telephone numbers or through email.

CMC Markets' support operates 24/5 from Monday to Friday.

However, it should be noted that the broker's website lacks an online chat option, which could facilitate and expedite communication with support.

Below is the contact information for international traders:


CMC Markets has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.

We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you are seeking a trustworthy broker with extensive experience.


Is CMC Markets legit?

Yes, CMC Markets is a legitimate broker. It is regulated by leading financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), ensuring high standards of security and transparency.

Which country is CMC Markets from?

CMC Markets is headquartered in the United Kingdom, specifically in London.

Is CMC Markets an ECN broker?

No, CMC Markets is not an ECN broker. It operates as a market maker, providing liquidity and facilitating trades directly.

How does CMC Markets make money?

CMC Markets makes money primarily through the spreads on trades, which is the difference between the buy and sell prices. Additionally, it earns from commissions on certain types of trades, overnight holding costs, and other fees related to premium services.

Is CMC Markets good for beginners?

Yes, CMC Markets is suitable for beginners. It offers a range of educational resources, including webinars, tutorials, and detailed market analysis, which help new traders learn and develop their trading skills.

Does CMC Markets offer a demo account?

Yes, CMC Markets provides a demo account. This allows traders to practice and familiarize themselves with the trading platform and markets without risking real money.

How can I open an account with CMC Markets?

To open an account with CMC Markets, visit their official website, click on the "Open an Account" button, and follow the registration process, which includes providing personal information, financial details, and verifying your identity.

How can I delete my CMC Markets account?

To delete your CMC Markets account, you need to contact their customer support team. They will guide you through the process and help close your account.

What is the minimum deposit for CMC Markets?

CMC Markets does not have a minimum deposit requirement, making it accessible for traders with various levels of capital.

What is the maximum leverage on CMC Markets?

The maximum leverage offered by CMC Markets varies depending on the asset class and regulatory jurisdiction, but typically, it can go up to 1:30 for retail traders.

How do I deposit funds in a CMC Markets account?

You can deposit funds into your CMC Markets account via various methods, including bank transfers, credit/debit cards, and electronic wallets. Log in to your account, go to the "Funding" section, and follow the instructions for your chosen deposit method.

How do I withdraw money from CMC Markets?

To withdraw money from CMC Markets, log in to your account, go to the "Funding" section, select "Withdraw," and follow the instructions. Withdrawals can be made via bank transfers, credit/debit cards, or electronic wallets, depending on your preference and region.

Does CMC Markets provide VPS?

No, CMC Markets does not provide VPS (Virtual Private Server) services. However, traders can use third-party VPS providers if needed.

Is CMC Markets suitable for scalping?

Yes, CMC Markets is suitable for scalping. The broker allows scalping strategies and provides the necessary tools and platform features to support this trading style.

Is CMC Markets suitable for auto-trading?

Yes, CMC Markets is suitable for auto-trading. It supports various auto-trading tools and platforms, including MetaTrader 4, which allows traders to use Expert Advisors (EAs) for automated trading.

Is CMC Markets suitable for hedging?

Yes, CMC Markets allows hedging. Traders can open multiple positions in the same or correlated markets to manage risk effectively.

Is CMC Markets suitable for spread betting?

Yes, CMC Markets is suitable for spread betting. It offers spread betting accounts primarily for UK traders, allowing them to speculate on price movements without owning the underlying assets.

Visit CMC Markets69% of retail investors lose money when trading CFDs with this broker

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.