CMC Markets

Is CMC reliable? CMC Markets is one of the oldest forex broker but Is CMC Markets scam or safe broker? What is account type and spreads? Is there any problem on deposit or withdraw?
6.9/10 (Expert Score)
Product is rated as #27 in category Forex Brokers

CMC Markets is a broker who has been in the forex market for nearly 30 years. CMC Markets was founded in 1989 in the UK. In 1996, he became the first broker to offer online forex trading platform.

Since that day, it has made many successes and has received many awards. At present, it offers services to investors from many countries of the world. The broker’s official website has more than 1 million visits per month.

One of the highlights of the CMC Markets is that it offers a large number of trading instruments. More than 180 forex pairs and 10.000 CFDs are offered by the broker for trading. It can be the highest number among reliable forex brokers.

6.9Expert Score

I reviewed CMC Markets based on the following criteria.

  • Strong regulation
  • Low ECN Spreads
  • Segeregates client funds
  • Supports copy trading platforms
  • Not avaliable fixed spreads

Following all this information, the question is: Is CMC Markets safe or scam broker? What is the source of its reliability? What is its account types and spreads? Is there any withdrawal problem? You can find all these questions in this CMC Markets review.


Regulation and Client Protection

CMC Markets are very strong in terms of regulation. Because it is licensed from 4 different regulators, and all these regulators are reputable regulators in the world, they have very strict rules. In the table below you can see these regulators and their country.

For example, FCA is known as a regulator with very strict rules, and it is quite difficult for a broker to obtain a license to FCA. FCA licensed brokers must have at least 730,000 euros in their bank accounts and clients’ funds and operational accounts of the company should be separate.

Thus, client’s funds are not affected by the economic negativity of the company. In addition, FCA offers compensation fund as an additional guarantee. All FCA-licensed brokers are members of the Financial Services Compensation Scheme (FSCS), and in the case of the company goes bankrupt, clients’ funds are compensated up to £ 50,000 by FSCS.

Similar safety precautions and control mechanisms exist in other regulators that regulate CMC Markets. After all, I can say that CMC Markets is a well-regulated reliable broker.

Account Types and Spreads

Account Types & Spreads at CMC Markets

CMC Markets offers a very limited number of options in terms of account types. There is no minimum deposit in the standard account type. You can activate your account without making a deposit, but you can not start trading.

The maximum leverage is 1: 500, which is the maximum leverage offered by many FCA and ASIC licensed brokers.The spreads offered by CMC Markets start at 0.7 pips. I can say that these spreads are very competitive compared to other forex brokers. These spreads even compete with ECN account types found in many brokers.

At CMC Markets, the MetaTrader platform is not available because it offers its own in-house platform called Next Generation as an advanced online forex trading platform. In addition, when you trade your losses can exceed your deposit. As a result of this, the broker may require further payments. To avoid this problem, ask the broker for negative balance protection.

Payment Methods

Payment Methods

In terms of deposit and withdrawal methods CMC markets offer a very limited choice. Only wire transfer and credit card are offeed as deposit and withdrawal options. As an extra, a few more options are available depending on country.

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Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.


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