On the downside, customers from certain regions incur an inactivity fee if they fail to access their accounts and place orders for 12 or more months. FX Active accounts, on the other hand, offer spreads from zero pips for major forex pairs, with a $5 roundturn commission ($2.50 each way) per standard lot. CMC Markets offers an excellent choice of account types, catering to different experience levels and markets. The solutions for active traders are particularly strong compared to rival forex brokers. CMC Markets provides access to the popular MetaTrader 4 platform, offering a robust and highly customizable environment for forex trading. This account type allows traders to utilize expert advisors (EAs), custom indicators, and advanced charting tools.
Essentially all the stock CFDs also have real stock counterparts you can access through CMC Invest. CMC Markets does not need a minimum deposit to start a trading account; nevertheless, traders must ensure they have enough funds to satisfy the margin requirements of their intended transactions. CMC Markets operates a strong global presence with offices in major financial hubs such as London, Sydney, Toronto, Singapore, and more.
- MetaTrader 4 (MT4)MT4 caters specifically to forex traders, known for its automation capabilities and robust features.
- Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
- “This is a significant and exciting opportunity for CMC Markets and continues our strong record in Australia in winning major technology partnerships with major banks.
- The Next Generation platform ensures fast, 100% automated execution, complemented by a variety of order types for flexible trade placement and enhanced risk management.
Local traders can seek help via local telephone numbers or through email. MT4 also offers a comprehensive environment for developing and testing your own trading strategies and indicators with the integrated MQL4 programming language. At CMC Markets, we recognize the availability of various methods for depositing and withdrawing funds, the absence of broker commissions, and reasonable processing times for transactions. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
CMC Markets has garnered over 300,000 clients worldwide in its 30+ years of operation. The market research and news section at CMC Markets is comprehensive and competes well with similar brands. I especially like that this feature also creates a price projection box, as well as backtesting capabilities to compare the current performance with past patterns.
As such, we consider the customer service of CMC Markets to be some of the best we have come across. Regulations against such incentives are designed to protect traders, which we can’t fault. There is a broad selection of learning materials suitable for newer traders and more seasoned investors. On the negative side, I do find the look of the terminal somewhat outdated compared to the modern feel of in-house platforms from alternatives like eToro, but this is a minor complaint. Both terminals achieve almost 100% core platform uptime, meaning the stability of both platforms is very high. As well as short-term trading opportunities through CFDs, longer-term investors can directly buy and sell shares through CMC Invest.
How We Chose the Best Brokers for Forex Trading
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Regardless of the CMC Markets entity you choose — i.e., U.K., Singapore, Australia, Germany or Canada — the minimum deposit is zero. CMC Markets secured Best in Class honors for its research offering in our 2025 Annual Awards, thanks to its diverse lineup of high-quality in-house and third-party market research and analysis.
With over $35 billion in asset under custody, CMC Markets is a trusted broker and solid choice in 2025. CMC Markets continues to expand its multi-asset offering through CMC Invest, its recent acquisition of StrikeX to strengthen its crypto products, and its planned move into DeFi and Web3 technologies. The following table summarizes the different investment products available to CMC Markets clients. He is a forex industry expert and an active fintech and crypto researcher. Our focus now turns to supporting Westpac and St.George customers, furthering our relationship with Westpac to ensure a smooth and successful future. Of the two, reviews showcase that Next Generation is vastly preferred.
License & Regulations – Can CMC Markets be Trusted?
- This speed is crucial for the platform’s automated trading feature, which uses Expert Advisors (EAs) to execute complex strategies quickly and with minimal manual input.
- All you have to do is enter the site and create an account for the proprietary platform.
- The platform links clients to a host of financial markets worldwide through third-party hubs providing co-located connections and APIs.
- Everything needed for a successful CMC Markets trading platform – workspace customization, creating watchlists, charting with indicators, news on a neighbouring tab, and analytical tools are available.
Additionally, the platform’s trading apps are very easy to use, and they come with great features like advanced charting and technical analysis tools. Next Generation Web PlatformThis platform is tailored for a comprehensive trading experience. It is renowned for its advanced charting package, offering over 115 technical indicators and a variety of chart types.
App is bloody shocking and once again…
Some review sites have pointed to a higher-than-average spread for certain assets traded on the S&P 500 and spread bets. Next Generation also gives you access to 20+ years of pricing history to cmc markets review work from in charting and tracking price projections. Scrolling down, there are multiple headlines about “server error” and one that says “terrible.” One user discovered that the app re-routed them mid-trade to a different brokerage!
Those who only seek to trade forex, indices, and commodities will be satisfied with MetaTrader 4. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. The CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders; it’s fast, reliable, and packed with impressive tools and features. And in 2018, CMC Markets opened its doors for cryptocurrency, CFD trading, and a new spread betting. Offering an industry magazine called OPTO and a new user level, CMC Pro, for professional traders.
How To Open A CMC Markets Account
CMC Markets’s Raw Account charges a commission of $2.50/£2.50 per side (per 100k traded) consistently for all currency accounts. Index trading fees range from a minimum spread of 1 for the UK 100 and the Australia 200 to a maximum of 5 for the US SPX 500. Next Generation traders can also go long and short simultaneously with account netting disabled (via account settings). Users can also set default order preferences for all or specific investment types. Multiple indicators, economic calendar, trading reports and performance analytics are available to help traders, like me, make better trading decisions.
In terms of spreads, CMC Markets compares well with other brokers using the market-maker pricing model. While CMC Markets offers both fixed and variable spreads depending on the instrument, forex pairs specifically have variable spreads. On the downside, the brokerage does not disclose any information about average spreads, only listing its minimum spreads for the most actively traded forex pairs. While CMC Markets offers a $0 minimum deposit and a free demo account, its advanced Next Generation platform might have a learning curve for absolute beginners. However, their extensive educational resources can help new traders get up to speed.
Real-time alerts sync across devices, while integrated news and calendars keep you updated. Although there is no minimum deposit enforced by the broker, clients must deposit funds into their accounts to begin trading. CMC Markets offers two main trading platforms for CFD trading being MetaTrader 4 (MT4) and the brokers proprietary Next Generation platform. CMC Markets shines in this category by providing extensive research and analysis from in-house analysts and third-party vendors, including Morningstar quantitative equity and fundamental research reports.
The platform offers access to technical analysis, fundamental analysis, and market insights. The platform boasts numerous analytical features, integrated services such as pattern indicators, 13 chart types, platform video tours, and live news streams. That said, day traders can avoid this charge by closing positions by the end of the trading session.
Once certain turnover thresholds are met, clients receive rebates on a sliding scale basis. Users from Australia gain access to CFDs, and other tradable assets from all over the world, including Canada, US, UK, and Japan. Additionally, the broker offers a host of tools designed to prepare users to thrive in fast-paced global financial markets. CMC Markets has no minimum deposit requirement, which is a plus for novice traders, as they can start trading with any amount they feel comfortable. Another advantage is that the brokerage does not charge any deposit fees with any of the available payment methods. Still, you should bear in mind that bank transfers initiated from some countries may attract additional fees, which are beyond CMC Markets’ control.
Unlike IG, for example, there is no option to open a separate account to trade real stocks. This won’t be a major issue for many day traders, but it will reduce the broker’s appeal to longer-term investors. Negative balance protection for UK and EU clients also means that your account balance can’t go into negative – an important safeguard for day traders using leverage.
Best Forex Brokers
We’ve already seen some of these educational resources, though we will treat them in greater detail in another section. But among the available trading tools to aid traders, there are advanced charting options and analytic tools, which can aid CMC Markets traders to analyse and track price movements and trends. Crypto is one of the riskiest areas of investment in modern markets, and many people would rather steer clear of it. However, for traders who want to venture into this sector, CMC offers a selection of crypto asset CFDs.
Whether fees apply depends on the CMC Markets branch you are trading with, as shown below. To gauge how CMC Markets’ pricing stacks up against the industry, we conducted a comparison of their average spreads with those of their competitors. The comparison, detailed in the table below, reveals that CMC Markets consistently offers lower no-commission spreads. Market data feeds are required to view share prices for select products and monthly subscription fees may apply.