CMC Markets Review It it Legit? November 2023

For long-term trend analysis, historical price data spanning 20 years is available for primary instruments. CMC Markets boasts one of the most extensive product selections among online forex brokerage platforms. According to the company’s website, you can trade up to 10,000 financial instruments, providing unlimited possibilities, especially for long-term portfolio managers. This diverse range encompasses over 330 FX pairs, more than 90 indices, 14 cryptocurrencies, 9,000+ shares and ETFs, 110+ commodities, and 50+ treasuries.

CMC Markets offers a range of trading platform options for different account types. For CFD Account holders, the proprietary platform known as Next Generation takes the spotlight. This platform stands out for its security excellence and advanced features like robust analysis tools, up-to-the-minute news updates, and cutting-edge technical indicators. Since CMC Markets operates in 70+ countries with different regulatory guidelines and varying products offered in particular regions, fees vary.

CMC Markets Sign Up Bonus

It allows clients to create their own layout so that what’s important to them is the first thing they see on the screen, creating a truly personal experience. Three trading tools offered by the Next Generation trading platform include client sentiment the displays the quantity and position value for the instrument traded. The second is multiple layouts, such as a ‘five-minute chart layout’ to give unique insights into price movements.

  • Furthermore, CMC Markets offers two-factor authentication or 2FA to all account holders.
  • The broker provides around 330+ forex pairs, 80+ indices, 14 cryptocurrencies, 100+ commodities, 50+ treasuries and 9,000+ stocks & ETFs.
  • 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.
  • He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Furthermore, the CMC Markets Next Generation platform is powerful and versatile, with plenty of customization tools and configuration options. CMC Markets offers over 12,000 CFDs, a large number of forex pairs, and access to international equity markets (such as Australia). CMC Markets also quotes its 158 currency pairs both ways (not just EUR/USD – but also the inverse USD/EUR quote). This unique feature doubles the number of CMC Markets’ available pairs – bringing the total up to 316. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Clients can choose between Next Generation and MetaTrader 4 for iOS and Android when picking a mobile platform.

Is CMC Markets available in the US?

Transparency is important to us, and we strive to ensure that all fees are clearly explained and easily accessible. I am not a professional.CMC cmc markets review Markets has been an excellent platform for me to use. Everything is explained and nothing is hidden away with regard to fees.

This platform offers features such as sentiment analysis, price alerts, and the ability to use custom indicators. It’s accessible on Android and iOS devices, with a web-based version ensuring 24/7 availability. CMC Markets excels in this category, providing extensive research and analysis conducted by their in-house analysts. They also offer access to third-party materials, including live Morningstar quantitative equity research reports for account holders.

Range of Offerings

However, the broker does not provide dedicated research tools such as AutoChartist and Trading Central. If you are looking for those tools to help take your market analysis to the next level, you might want to consider as they provide both free of charge to clients. CMC Markets is packed with educational and research tools such as Economic Calendar, Market Insights, and more. I think they can be a great choice for professional traders and do provide free demo accounts for anyone who is thinking about giving them a try but do not yet want to make any financial commitment.

Other brokers to choose from

A trusted reputation and strong regulatory backing are at the cornerstone of any successful broker. Having been around for more than three decades, CMC Markets understands the importance of both and has many elements in place to ensure traders feel safe and secure when trading. We may receive compensation when you click on links to products we review.

While a minimum deposit of $200 is an industry standard, CMC Markets have $0 minimum deposit requirements. Whilst the iPhone app includes fingerprint security, the Android version does not. Although the app includes fingerprint security in the iPhone version, there is no added security beyond the login password. Ideally, the applications should include classical security features such as automatic sign-out and verification of login from other devices. Many traders trade with an incredible amount of money, so a lack of security is quite unnerving. There are no commissions when trading CFDs (except for Shares) with CMC Markets.

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This feature could attract serious traders to consider opening a live account with CMC Markets. A noteworthy feature is the opportunity for frequent CFD traders with substantial transaction volumes to benefit from rebates on forex pairs, commodities, indices, and shares. These rebates are applied on a sliding scale upon reaching specified turnover thresholds.

Yes, CMC Markets is considered a safe forex broker by all industry standards. CMC Markets is regulated across 4 continents and has over 30 years of experience in the forex space. Regulators like FCA, ASIC, BaFin or IIROC ensures the broker complies with strict financial rules. The forex broker has been honoured with numerous awards (+50 industry awards) for the quality of its service. It is important to be aware that with increased leverage, professional traders will no longer have guaranteed negative balance protection. This is because the expectation is that professional traders understand the risks of high leverage.

Love CMC from NZ

The iPad trading app combines the iPad technology and larger screen with CMC Markets’ Next Generation trading platform’s key features. The app for iPad features customizable layouts and advanced trading tools. All 3 mobile apps are loaded with helpful features traders can use while on the go.

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