CMC Markets is an online Forex broker established in the United Kingdom by Peter Cruddas in 1989. It is known as one the leading online players in the online financial industry and was the first broker to bring trading into the online world in the 1990s using its MarketMaker trading platform.
CMC Markets offers one of the Best Forex trading education for clients or traders. It has won awards through its long years in the trading industry which include Best Online Trading Platform, Best Investor Education, Best Mobile Trading Platform and so much more. Since its establishment, it has served a great purpose for every trader all through the world with its offices across different continents and major cities.
CMC Markets offer their clients their award-winning proprietary platform known as the “Next Generation”. The platform is fully customizable in as much as it is equipped with multiple timeframe views, autosave, pattern recognition scanner, advanced charging package, and so much more. It has been used and culminated by CMC account holders for more than 20 years already with its fast execution and expert features.
CMC Markets offer their clients a mobile trading platform which clients can download with their Android or iOS device. The mobile app is exactly the same as web trading as it also features their award-winning trading platform. It is equipped with the same trading platform and features as what their online web trading has to offer. iOS users can enjoy live streaming prices by calculating real-time account information as well.
CMC Markets offer their clients two account types to choose from – Fixed Risk Account and Regular Account.
Basically, these two accounts have the same feature, the only difference is that fixed risked account holders have guaranteed stops which they are paying an extra for it. Both accounts have no minimum deposit in order to open an account but if a client wishes to start trading, he should at least have $2000 in his account.
A demo account is provided for CMC Markets clients in order for them to practice and master their trading skills without losing any of their assets or funds. The demo account that they offer has exactly the same feature and capacity as what their live trading account has to offer so that clients can familiarize themselves with it.
There is no minimum deposit required in order to open a Forex account with CMC but a client must have at least $2000 in his account before he can start trading.
A client of CMC Markets can either withdraw or deposit via major credit cards and Wire transfer. The fee is subjected to policies and this goes for the processing period as well.
A leverage which can go as high as 1:200 is offered by CMC Markets to their clients. This is a not so high yet not so low leverage which means that it is safe to trade as long as the client knows how to handle his trading account well.
Spreads and Commision
Generally, the trading cost depends on the product that is being traded but the minimum average spread starts at 0.7 pips. This is a lower spread compared to what other brokers has to offer. The commission also varies and greatly depends on what country the trader lives in.
Regulation and License
CMC Markets is under the regulation of FCA, a strict and well respected regulatory body. Being regulated by FCA, CMC has to follow and go through their strict regulations which means that the safety and security of their clients are ensured.
CMC Markets clients can reach them out for any concern via email, fax, telephone or live chat. CMC also offer their clients local telephone numbers which they can call in case of any trouble. They support different languages too as they have clients all over the world.
Benefits of Trading with CMC Markets
As soon as a client opens a trading account with CMC, he can start reaping a number of benefits which include extensive educational resources, award-winning trading platform by a reputable broker, and a lot more. There are a lot of benefits that they can have especially when they maximize their trading experience with CMC.
- Award-winning charting package
- Tight spread
- A great number of trading products available
- Lack of bonuses
CMC markets are undeniably one of the best of the best online Forex brokers today. It is also amazing how it has greatly survived the right competition between and among broker through the years. They have proven their worth with the awards and recognition that they have received in as much as they have helped a lot of people master the trading industry.