Review
A detailed, unbaised review of CMC Markets
The truth about CMC: Here you can get to know what professional forex traders think about CMC Markets.
6,58 / 10 stars.
Before starting with forex trading at CMC Markets
Below you will find some important points that OnlineForex.net suggests you consider before you start trading forex with CMC Markets.
Payment methods: There are two ways to start trading with CMC, either by bank transfer or by credit card.
Downloading of software? Yes, you have to download software to get started. Unfortunately, it can take longer then 24 hours to get your software for download. This can be annoying if you just want to test out the client quickly.
Sign-up bonus: No, CMC Markets do not offer any sign-up bonus.
Trade currencies by CMC Markets?
Currencies and other instruments: CMC Markets have a large amount of currencies and indecies which you can trade as CFD’s – a type of derivative.
Execution of currencies: Unfortunately, CMC Markets have problems with the execution according to many traders who have complained about it to us. Prices can often be adjusted before your order goes through, or you are not allowed to sell. Spread over 1 % has been reported.
Spread (buy and sell prices): CMC Markets is the only forex broker we want to warn of when it comes to spread. Spread over 1 % has been reported. Many dissapointed customers feel they have been fooled by CMC. Margin calls are often sent out when it should not have been done.
Support: CMC Markets has 24-hour support, Monday to Friday.
Resources (tools, charts): There are some resources, such as technical indicators. But the system lacks market analysis and automated trading robots.
As a CMC Markets customer, you have access to:
Currency Pairs: Over 100 currency pairs by CFD standard are included when opening up an account with CMC Markets.
For Dollar traders, there are 19 currencies to trade against: USD/CAD, USD/CHF, USD/DKK, USD/HUF, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/SEK, USD/SGD, USD/ZAR, USD/ILS, EUR/ILS, GBP/ILS, USD/TRY, EUR/TRY, USD/MXN, USD/CZK, USD/HKD.
For Euro traders, there are 16 currencies to trade against: EUR/AUD, EUR/CAD, EUR/CHF, EUR/DKK, EUR/GBP, EUR/HUF, EUR/JPY, EUR/NOK, EUR/NZD, EUR/PLN, EUR/SEK, EUR/ZAD, EUR/USD, EUR/MXN, EUR/CZK, USD/HKD.
For those who prefer trading in Sterling, there are: GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, GBP/USD, GBP/SGD, GBP/HKD, GBP/SEK.
Among other instruments you can find gold, silver, oil, cotton and indices.
Leverage: You can leverage up to 100:1 for most currency pairs, while average leverage for commodities and indices are between 10:1 and 20:1.
Forex Market Analysis: Free commodity and currency analysis is offered by CMC Markets.
About CMC Markets
Financial security: Info missing.
Financial regulation: CMC Markets is regulated by the financial services authorities in United Kingdom, (FSA). In the unlikely event of a FXCM bankrupcy, both customers and creditors will recieve some of their funds back from FSA.
CMC Markets software and graphics
Most traders like CMC Markets multi platform, where you can trade commodities, currencies and indices. However, the single most common complaint is because of slow execution.
Other names for CMC Markets
CMC Markets is sometimes falsely/errorly spelled CMS Markets, which is another forex broker. CMC Markets is regulated in UK as CMC Markets Limited, and in Australia and Singapore.
>> Go to CMC Markets website
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