CMC Markets NZ Logo

CMC Markets NZ Review 2024

Last updated Jun 22, 2024
CMC Markets NZ is trusted. Tested via live trading.

Highlights of CMC Markets NZ

CMC Markets NZ Logo
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4CMC Markets
Deposit/withdrawal:
PayPal Logo
Bank Transfer Logo
Credit and Debit Cards Logo
POLi Logo
compare CMC Markets NZ 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 NZ

Pros

  1. Regulated by leading financial authorities, including the NZ FMA, ensuring the security of client funds.
  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.

Cons

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

CMC Markets NZ Broker Overview

Foundation Year1988
Official Websitehttps://www.cmcmarkets.com
Regulated in CountriesUnited Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab EmiratesMore Details
Minimum Deposit
  • 1 NZD
Spreadfrom 0 points
Max Leverage1:500
Trading Assets
  • Forex
  • Indices
  • Cryptocurrency
  • Stocks
  • Bonds
  • ETF
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
Trading Platforms
  • MetaTrader 4
  • CMC Markets
Email Support
  • support@cmcmarkets.co.nz
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 NZ is in the top 10 of the following ratings:

CMC Markets NZ 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

Rating:5/5

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
Current review
CMC Markets SG review
CMC Markets review

CMC Markets is regulated in many countries, including New Zealand, 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.

CMC Markets strictly adheres to the Financial Markets Conduct Regulations (2014), ensuring the protection of retail client funds. All client money is held in separate bank accounts from the company's funds. This segregation is crucial to CMC Markets' compliance with the regulations set by the Financial Markets Authority (FMA), under which it is regulated to provide derivative products (FSP41187). Such measures guarantee that the company does not use client funds for its own purposes, including not being lodged towards margins with hedging counterparties.

To maintain the integrity and safety of client funds, CMC Markets conducts daily reconciliations to ensure that the amounts in segregated bank accounts accurately represent retail client assets. This rigorous process and the company's policy of using its funds for hedging provide an added layer of security for clients' investments. The client funds are held across a range of central banks and regularly assessed against CMC Markets’ risk criteria to ensure stability and compliance.

In the unlikely event of CMC Markets' liquidation, the segregated nature of client funds ensures that they are returned to clients after deducting the necessary administrative costs. This practice protects the clients’ assets from being claimed by general creditors of CMC Markets, further safeguarding their investments. Regular internal audits and reviews are conducted to ensure ongoing compliance with regulatory requirements, adding an extra layer of trust and reliability for clients trading with CMC Markets.

Account Opening

Rating:4/5

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.

Registration

To become a client of the broker and open a real or demo account, it is necessary to fill out a form on the company's website.

Click the "Create account" button and choose the type of account.

CMC Markets Account Types
CMC Markets Account Types

Next, enter your email, create a password, and choose a trading platform (CMC platform 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 (NZD or USD).

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.

Verification

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 and 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

Rating:3/5

CMC Markets offers only two types of accounts for trading CFD. Both accounts provide 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:

CFDFX Active
Account CurrencyNZD, USD
Minimum Deposit1 NZ$
Trading PlatformsMetaTrader 4CMC MarketsMetaTrader 4
Spreadfloatingfrom 0.7 pipsfor EURUSD~ 0.7 pipsfloatingfrom 0 pipsfor EURUSD~ 0.2 pips
Commission per Tradeper 1 lot2.5 $
Trading AssetsForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Opened Positions
Leverage1:1-1:500
Margin Call / Stop Out80% / 50%
Order ExecutionMM
Demo Account
Islamic Account
RegisterRegister
  1. Standard CFD Account: Best for traders preferring no transaction fees, offering wider spreads but no commissions, ideal for less frequent trading and those who value transparent costs.

  2. FX Active Account: Suitable for traders seeking tighter spreads and frequent trading, with spreads as low as 0.0 pips on major pairs and a commission rate of 0.0025% per transaction.

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 trading CFDs on multiple 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.

Alpha

The "Alpha" service by CMC Markets represents a premium trading experience specifically designed for traders who seek more than just the standard offerings. This elite program is tailored to provide specialized services and exclusive benefits, ensuring a high-end trading environment.

Key Features of Alpha

  • Premium support. Alpha members receive immediate access to their New Zealand-based account manager, ensuring personalized and prompt service. This level of dedicated support enhances the overall trading experience.
  • Tailored services. The program offers access to one-to-one technical analysis sessions and a 24/7 global sales trading desk. This "follow the sun" approach ensures that Alpha members have continuous support, regardless of time or market conditions.
  • VIP perks and experiences. Members can enjoy many VIP benefits, including fine dining experiences, exclusive networking events, and premium tickets to coveted sporting events. These perks are designed to provide an exclusive lifestyle experience alongside trading advantages.

To qualify for the Alpha service, traders must meet certain financial thresholds, as detailed in the table below:

Asset ClassMinimum Monthly Notional Turnover (USD)
FX$25M
Indices$40M
Commodities$5M
Shares$1.5M

Additionally, a minimum deposit of NZD 20,000 is required. It's important to note that these thresholds may vary depending on the instruments traded. The Alpha CFD service is reviewed monthly and is available by invitation only, underscoring its exclusivity and bespoke nature. Traders interested in joining Alpha or learning more about their eligibility are encouraged to discuss their circumstances with CMC Markets.

VPS

CMC Markets offers a Virtual Private Server (VPS) service, enhancing the MT4 trading experience for its clients. This powerful service mainly benefits traders who utilize automated algorithmic strategies, including expert advisors. The VPS hosting allows these strategies to run 24/7 on a virtual machine, ensuring uninterrupted operation. One of the key advantages of using a VPS is its ultra-low latency, significantly reducing the risk of system downtime due to connectivity issues.

The VPS subscription is an exclusive, complimentary service provided to CMC Markets clients, underlining the broker's commitment to offering value-added services. To qualify for a free Beeks VPS account, clients must trade at least 15 standard lots per calendar month. This requirement aligns the service with active traders who can benefit most from the continuous operation and stability that VPS hosting provides.

To apply for the VPS service, clients must first open a CFD account with CMC Markets specifically for MT4 trading. Following account creation, the next step involves contacting the customer support team at support@cmcmarkets.co.nz. Once the application is processed and approved, clients will receive their login details from Beeks, allowing them to start using the VPS service. This streamlined process ensures that traders can quickly and easily access the benefits of VPS hosting, enhancing their trading capabilities on the MT4 platform.

Commissions

Rating:4.7/5

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

The primary source of income for CMC Markets 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 pips
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

Commission per lot

CMC Markets implements a commission structure for its FX Active account, charging a fee for each lot traded. Specifically, the broker levies a cost of $2.5 per transaction on the FX Active account. This rate is considered low compared to average commissions charged by other Forex brokers in the market.

BrokerVantageRawTickmillRawCMC Markets NZFX ActiveRoboforexECNFxProStandard
Commission per lot$3$3$2.5$2.16$0.00

Inactivity Fee

It's important to note that CMC Markets charges an inactivity fee. This monthly charge of $15 (NZD or USD) 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.

Rebates

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
1$50-200$525%
2$200-300$750%
3$300+$1075%

Deposit and Withdrawal

Rating:4.5/5

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
PayPalPayPal
USDNZD
1%
Bank TransferBank Transfer
USDNZD
Credit and Debit CardsCredit and Debit Cards
USDNZD
1.5%
POLiPOLi
NZD
0%
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
Bank TransferBank Transfer
USDNZD
0%
Credit and Debit CardsCredit and Debit Cards
USDNZD
0%

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

Rating:5/5

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

What markets are available?

BrokerVantageCMC Markets NZTickmill
Forex3533662
Precious Metals3194
Energy Carriers2452
Soft Commodities3582
Indices89923
Stocks5110099489
ETF5120023
Bonds714
Cryptocurrency3369

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
Forex
1:500
Precious Metals
1:200
Energy Carriers
1:130
Soft Commodities
1:66
Indices
1:500
Stocks
1:20
ETF
1:20
Bonds
1:400
Cryptocurrency
1:5

Trading Platforms

Rating:4.5/5

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 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 – 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 neighboring tab, and analytical tools are available.

Analytics

Rating:5/5

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

Education

Rating:5/5

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

Rating:4/5

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 traders from New Zealand:

Conclusion

CMC Markets NZ 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 seek a trustworthy and reputable broker with extensive experience.

FAQ

Is CMC Markets NZ legit?

Yes, CMC Markets NZ is a legitimate broker. It is regulated by the Financial Markets Authority (FSA) in New Zealand.

Which country is CMC Markets NZ from?

CMC Markets NZ is headquartered in New Zealand, specifically in Auckland.

Is CMC Markets NZ an ECN broker?

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

How does CMC Markets NZ make money?

CMC Markets NZ 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 NZ good for beginners?

Yes, CMC Markets NZ 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 NZ offer a demo account?

Yes, CMC Markets NZ 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 NZ?

To open an account with CMC Markets NZ, 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 NZ 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 NZ?

CMC Markets NZ 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 NZ?

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

How do I deposit funds in a CMC Markets NZ 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 NZ?

To withdraw money from CMC Markets NZ, 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.

Does CMC Markets NZ provide VPS?

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

Is CMC Markets NZ suitable for scalping?

Yes, CMC Markets NZ 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 NZ suitable for auto-trading?

Yes, CMC Markets NZ 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 NZ suitable for hedging?

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

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.