CMC Markets is a company that has been operating since 1989. The London based company also has head offices in Sydney and Singapore. CMC Markets, a global company, provides services for CFD and forex trading. It is regulated by some of the top financial authorities.
The broker generally offers low forex fees. Also, in most cases, you do not pay withdrawal and deposit fees. In contrast, stock CFD fees are high. You can only trade with forex and CFDs through this broker. If a broad product portfolio is important to you, this may not be a good alternative.
But the broker provides a positive user experience in terms of web and mobile platforms. And in doing so, it offers its clients quality educational and research materials. In addition, the account verification process is not practical when signing up for the platform.
Is CMC Markets Safe?
CMC Markets are regulated by many financial authorities. These:
- Financial Conduct Authority (FCA)
- Investment Industry Regulatory Organization of Canada (IIROC)
- Australian Securities and Investment Commission (ASIC)
- Financial Markets Authority (FMA)
- Monetary Authority of Singapore (MAS)
Regulated by giving high-trust authorities such as FCA, ASIC provides the broker good points in terms of trust. It provides negative balance protection to customers. In addition, the company is listed on the London Stock Exchange and is among the safe broker alternatives as it has served for a long time. However, CMC Markets does not have a bank license. In addition, the investor protection procedure may vary, depending on the country where the customers are located. But in any case, if the company goes bankrupt, customers get some amount of protection.
CMC Markets Fees
CMC Markets offers customers low forex and stock index CFD fees while offering high stock CFD fees. Also, when trading on this broker, you do not pay deposit and account fees. In contrast, the inactivity fee is 10 euros per month, when you do not trade for 12 months, you start to pay.
Deposits and withdrawals are often free. However, there are fees for the same-day or international bank withdrawals and this is 15 euro. You can also use credit or debit card and electronic wallet.
CMC Markets offers a limited product portfolio. You can trade CFD, forex and crypto via this broker. It focuses on CFDs and offers wide options to traders who want to trade in this field. Here you find 92 stock index CFDs, 8,000 stock CFDs, 1000 ETF CFDs, 136 commodity CFDs and 56 bond CFDs. There are also 332 currency pairs and 15 crypto money alternatives.