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CMC Markets Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
4.68 4.68 / 5
Min. DepositUSD 5
Max. Leverage500:1
Min. Spread0.7 pips
Regulators ASIC,FCA,MAS,FMA
Regulator Origin ASIC FCA MAS FMA
Trading Desk Type

Summary

CMC Markets is a large, well-respected and well-regulated market maker broker operating globally from headquarters in London. An excellent education section and deep and insightful market analysis are only bettered by the well-crafted and intuitive New Generation trading platform and the 200 USD welcome bonus for new traders.

Spreads are very tight on the cheaper accounts and leverage is on par with other market makers - CMC Markets was ranked third on our latest State of the Forex Market report and we recommend its services to experienced and beginner traders alike.

Reviews

Regulation 11111
Trading Conditions 11111
Trading Platforms 11110.5
Deposit & Withdrawal 11111
Education & Research 11110.5
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Good
Bonuses $200 Welcome Bonus
Our Review Process

Trading Conditions

Minimum DepositUSD 5
Base currenciesAUD, USD
Number of FX Pairs330
Hedging Allowed Yes
Scalping Yes
Islamic Account No

Average Spreads

EUR / USD0.7
GBP / USD0.9
USD / JPY0.7

Company Details

Company nameCMC Markets Asia Pacific Pty Ltd
Founded2002
Website www.cmcmarkets.com/en-au
Type Market Maker
Regulators ASIC,FCA,MAS,FMA
Office locations Australia, United Kingdom, Singapore

Deposit & Withdrawal Methods

Supported Platforms for CMC Markets

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.68 / 5 11110.5 4.46 / 5 11110.5 4.41 / 5
Minimum DepositUSD 5USD 200USD 100
Regulation
ASIC ASIC
FCA FCA
MAS MAS
FMA FMA
CySEC CySEC
ASIC ASIC
FCA FCA
CySEC CySEC
FSCA FSCA
DFSA DFSA
SCB SCB
Trading Desk Type
Trading InstrumentsCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, FuturesForex, Indicies, Metals, Equities, Energies, Futures
Forex Pairs3306070+
Crypto Pairs12105
Pros
  • Well regulated
  • Tight spreads
  • Good for beginners
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • Well regulated
  • Great platform choice
  • Tight spreads
Cons
  • No swap-free account option
  • High minimum deposit
  • Limited market analysis
  • Limited education
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11111 5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11111 5 / 5
Deposit & Withdrawal 11111 5 / 5 11110 4 / 5 11111 5 / 5
Education & Research 11110.5 4.5 / 5 11100 3 / 5 11000 2 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 75% of retail investor accounts lose money when trading CFDs with this provider N/A 77% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1500:1500:1
Spread0.7 pips0.1 pips0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • CFD Account (Mini)
  • Standard - MetaTrader (Standard)
  • Islamic
Islamic Account No Yes Yes
Trading Platforms CMCmarkets, MT4 cTrader , MT4 , MT5 cTrader , FxProEdge, MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Paypal, BPay, POLi Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay
Trading Commission Fees Included in Spread 7 USD / lot - True ECN account 9 USD / lot - cTrader Account
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CMC Markets

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Overall Rating 11110.5 4.68 / 5 11110.5 4.46 / 5 11110.5 4.41 / 5
Minimum DepositUSD 5USD 200USD 100
Regulation
ASIC ASIC
FCA FCA
MAS MAS
FMA FMA
CySEC CySEC
ASIC ASIC
FCA FCA
CySEC CySEC
FSCA FSCA
DFSA DFSA
SCB SCB
Trading Desk Type
Trading InstrumentsCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, FuturesForex, Indicies, Metals, Equities, Energies, Futures
Forex Pairs3306070+
Crypto Pairs12105
Pros
  • Well regulated
  • Tight spreads
  • Good for beginners
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • Well regulated
  • Great platform choice
  • Tight spreads
Cons
  • No swap-free account option
  • High minimum deposit
  • Limited market analysis
  • Limited education
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11111 5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11111 5 / 5
Deposit & Withdrawal 11111 5 / 5 11110 4 / 5 11111 5 / 5
Education & Research 11110.5 4.5 / 5 11100 3 / 5 11000 2 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 75% of retail investor accounts lose money when trading CFDs with this provider N/A 77% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1500:1500:1
Spread0.7 pips0.1 pips0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • CFD Account (Mini)
  • Standard - MetaTrader (Standard)
  • Islamic
Islamic Account No Yes Yes
Trading Platforms CMCmarkets, MT4 cTrader , MT4 , MT5 cTrader , FxProEdge, MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Paypal, BPay, POLi Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay
Trading Commission Fees Included in Spread 7 USD / lot - True ECN account 9 USD / lot - cTrader Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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