CMC Markets has more than 24 years’ experience in the field of providing online trading services as an online CFD and financial spread betting provider. It was founded in the United Kingdom in 1989 and started its work as a foreign exchange broker. It launched the first online Forex trading platform in 1996. CMC Markets offers the best customer support through establishing several branch offices in different countries around the world to cover most of the major trading centers. It allows its customers to trade a wide range of financial products which are more than 5.000 instruments through just one account and one platform without the need to resort to other online Forex brokers to get the financial instrument that you want to trade.
♦ Powerful platform
CMC Markets offers Next Generation platform which is a powerful trading platform that provides traders with a fast execution that is 100% automated, competitive prices, the ability to customize your platform to suit your trading style, advanced charts, more than 80 technical indicators and advanced trading tools. You can access your platform via your mobile phone by using the offered mobile trading applications that are compatible for your iPhone, Android and iPad. It helps you to access and manage your account and to get the latest changes about the market at anyplace whenever you want.
♦ Trading tools and resources
There are several advanced trading tools that are offered for customers to help them to trade professionally on the financial market such as Reuters news, CMC Markets Insights, live economic calendar, Pattern Recognition Scanner, risk management, Client Sentiment that is presented for all products, order ticket, boundary orders, economic announcement and technical pattern alerts.
♦ Types of accounts
– Spread betting account that is available for UK and IE residents only.
– CFD account
– Demo account
It offers a demo account for its customers to help them to practice trading in the financial market without the need to risk their real money. You can use the demo account to try different trading strategies in the financial market to determine the best one to follow, to improve your skills, gain more experience and to test the services that are presented by CMC Markets to decide whether they can help you to make high profits or not.
♦ Learning trading
CMC Markets helps its customers to learn how to trade on the financial market through offering several education materials and resources as you have Active Trader Network, market analysts, webinars, Birmingham Trader Network and several video tutorials.
♦ Several trading products
CMC Markets offers competitive and tight spreads and margins as the spreads start from 0.7 pips for EUR/USD, automated execution and no dealer intervention. You can trade through spread betting, it offers more than 320 currency pairs, CFDs, 5.000 global products which include shares, indices, commodities, currency pairs, treasuries and bonds.
CMC Markets is registered in England and Wales, regulated and licensed by the Financial Services Authority (FSA) in the United Kingdom. You do not have to worry about your money because the customer funds are segregated from the money of the company and are hold in top-tier banks to be totally separated and keep them safe from being used by the company to its advantage. The spreads are weekly published for more transparency and CMC Markets uses its funds for hedging without using customer money.
CMC Markets received many awards for its high-quality services as there is the UK government’s Millennium Award for Technology Innovation, was ranked as the Best Spread Betting Service by Shares Magazine in 2012, the Best Online Education in 2012, the Best Online Charts and Best Online Trading Platform in 2013 by MoneyAM.
♦ Payment options
CMC Markets allows its customers to fund their accounts through credit or debit card and through transferring funds from personal accounts in their names. It refuses other payments from third party sources and it does not accept funding through cheque or cash money.
♦ Customer support
CMC Markets offers a client management team which is dedicated for presenting a 24-hour perfect customer support round the clock while the markets are open. In addition to the head office that is located in London, you will find other branch offices that spread in different countries and major trading centers around the world to support customers wherever they are. There are offices in Ireland, Austria, France, Germany, Italy, Norway, Spain, Sweden, Canada, China, Japan, Singapore, Australia and New Zealand. It does not unfortunately support live chat, but you can contact the support team via phone, e-mail and Fax.
The services that are offered do not target any of the US residents and are not available in the United States. It does not accept funding accounts through cash money or through using cheques.
♦ Overall rating
Most of the traders who tried the services that are presented by CMC Markets are satisfied with the perfect platform that is really reliable, the top-notch customer support, the number of financial instruments that are offered, tight spreads and competitive prices that are low if they are compared to other countries.