CMC Markets [2021: Review] A Broker With A Diverse Range

March 11, 2021
Brokers
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Established in the 1989, CMC Markets is one of the most renowned brokers in the UK. The broker offers plenty of assets such as 9,400 stocks, 1,000 ETFs, more than 30 commodities, 8 cryptos and 330 forex pairs. The broker also boasts an affordable fee structure with low forex spreads, no deposit or withdrawal fees apart from international bank transfers that hold a transfer fee of 15 pounds. If you are a stock, commodity, ETF or forex trader you should definitely signup as the broker offers some really good value.

However, if you are a broker in the US and across the globe, looking to get started with trading you should definitely have a look at Capital.com. With one of the most extensive educational resources and a customer support program that offers every investor their own dedicated account manager, Capital.com promises to be a broker that will be by your side through thick and thin. Sign up now and become one of the thousands of readers who have already used this platform and given us positive reviews.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with CMC Markets and scored our findings on a 10-point scale across 10 distinct categories.
Fees 8
Signup Process 7
Minimum Deposit 10
Ease of Use 7
Deposit & Withdrawal Options 10
Customer Support 7
Asset Classes 10
Referral Program 10
Demo Account & Educational Resources 8
Safety & Regulation 10
Total 87

CMC Markets Introduction

Conceived in 1989, CMC Markets is one of the oldest and most reputable brokers in the broker industry of the UK. The broker is listed on the London Stock Exchange and regulated by the Financial Conduct Authority of the UK (FCA). This is truly a global broker that offers its services in most countries in the world, and in the list below you can check whether or not that includes yours.

 Albania Algeria Andorra Angola Anguilla
 Antarctica Antigua and Barbuda Argentina Armenia Aruba
 Austria Azerbaijan Bahrain Bangladesh Barbados
 Belarus Belize Benin Bermuda Bhutan
 Bolivia Bosnia and Herzegowina Botswana Bouvet Island Brazil
 Brunei Darussalam Bulgaria Burkina Faso BurundiBahrain
 Bangladesh Barbados Belarus Belize Benin
 Bermuda Bhutan Bolivia Bosnia and Herzegowina Botswana
 Bouvet Island Brazil Brunei Darussalam Bulgaria Burkina Faso
Burundi Cameroon Cape Verde Cayman Islands Central Africa
 Chad Chile China Christmas Island Cocos Islands
 Colombia Comoros Congo Cook Islands Costa Rica
 Cuba Curaçao Cyprus Czech RepublicDenmark
 Djibouti Dominica Dominican Republic Ecuador Egypt
 El Salvador Equatorial Guinea Eritrea Estonia Ethiopia
 Faroe Islands Fiji France French Guiana French Polynesia
 Gambia Georgia Germany Ghana Gibraltar
 Greece Greenland Grenada Guadeloupe Guam
 Guatemala Guernsey Guinea Guinea-Bissau Guyana
 Indonesia Iraq Ireland Isle of Man Italy
Ivory Coast Jersey Jordan Kenya Kiribati
 Kuwait Kyrgyzstan Lebanon Lesotho Liberia
Libya Macedonia Madagascar Malawi Malaysia
 Maldives Mali Marshal Islands Martinique Mauritania
 Mauritius Mayotte Island Mexico Micronesia Moldova
 Nauru Nepal Netherlands Netherlands Antilles New Caledonia
 New Zealand Nicaragua Niger Nigeria Niue
 Norfolk Island Montenegro Montserrat Morocco Mozambique
Myanmar Palau Panama Papua New Guinea Paraguay
 Peru Philippines Pitcairn Poland Portugal
Puerto Rico Romania Rwanda Saint Barthélemy Saint Kitts and Nevis
 Saint Lucia Samoa San Marino Saudi Arabia Senegal
 Serbia Seychelles Sierra Leone Singapore Sint Maarten
 Slovenia Solomon Islands Somalia South Africa South Korea
 South Sudan Spain Sri Lanka Suriname Swaziland
SwedenSwitzerland Tajikistan Tanzania Thailand
 Togo Tokelau Tonga Islands Trinidad and Tobago Tunisia
Turkey Ukraine United Arab Emirates United Kingdom Uruguay
Uzbekistan Vatican Venezuela Vietnam Virgin Islands UK
Zambia Zimbabwe   

If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and easyMarkets as well, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at Multibank as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.

CMC Markets Pros & Cons

ProsCons
Plenty of Asset Classes & OptionsSlow Signup Procedure
Decent Customer ServiceNo Dedicated Account Manager
Competitive Fee StructureSlightly expensive forex for some account types
Good Educational Resources 
Amazing Referral Program 

CMC Markets Pros Explained

Moreover, the broker offers thousands of stocks, plenty of forex and commodities for you to trade-in. This gives you the option to build diversified portfolios something that offers amazing value as most successful portfolios have diversification in terms of asset classes and the types of assets invested within each asset category. The broker also has some amazing customer service with a quick email, phone and live chat service that can really help you in times of need.

CMC also has some really good educational resources that you can use to build strong theoretical and practical knowledge which is critical for anyone to trade profitably in the long run. (You can read about in more detail in our Demo Account & Educational Resources section below). CMC Markets also has an amazing referral program that you can use to get to the platform with your friends and family.

CMC Markets Cons Explained

The broker has a slow verification process that can take up to 2 days which can be a bit of a pain. Moreover, the broker offers no dedicated account manager which can really help new traders in developing their skills. While forex pairs generally offer good value, however, there are a few pairs that can be slightly more expensive than the rest of the pairs.

Account Types

With CMC Markets, you do not need to worry about choosing from different types of accounts. CMC Markets has done a good job of providing a one-glove-fits-all solution for consumers from all around the world. With that account, you have access to all of the tradeable assets they offer and all of the tolls in their trading platform.

A Word of Caution

Dealing with CFDs is very risky because you are trying to predict the price of an underlying asset. Usually, 70% of consumers lose money when they invest in CFDs with different brokers. Hence, you should only invest in CFDs when you have strong knowledge of how CFDs work. Now let's have a quick look at some pros and cons of using this broker.

Here's a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 CMC Markets Fees

CMC Markets offers a very decent fee structure that many traders will find attractive. However, on the negative side, the broker does charge commissions (covered in the section below).

Non Trading Fees

These fees are related to activities that are not directly linked with trading. Such as deposit fee, withdrawal fee, inactivity fee and membership fee. These can be quite annoying at times for users hence, the lesser these are the better it is for users and the more value a broker offers.

CMC Markets Deposit & Withdrawal Fees

Generally, there are no deposit or withdrawal fees for trading with CMC Markets, which bodes well for users. However, there is a £15 charge for international bank transfers which may make trading expensive for beginners or small-time foreign traders who plan on funding from or withdrawing to a bank account abroad. But there's nothing to worry about since there are plenty of other ways in which international traders can trade without any deposit and withdrawal fees such as credit/debit cards or electronic wallets and we'll get to those in a minute.

CMC Markets Inactivity Fees

A £10 inactivity fee is associated with your account if you have not used the platform for a period of 12 months. While having an inactivity fee is not ideal, the fact that it comes into effect after an entire year is good news for traders in the sense that most brokers enact inactivity fees after only a couple of months of inactivity. The fact that CMC Markets gives you a year provides you with plenty of time to withdraw your funds before any inactivity fees start to kick in, especially if you do not want to use the platform anymore.

Trading Fees

These are often associated with activities related to trading. Trading fees include commissions and spreads associated with trading different asset classes. Let's discover the trading fees associated with the broker to see the kind of value provided for different types of users.

CMC Markets Forex Spread Rates

The forex spread rates offer some really good value for traders, especially from major currency pairs. Some of the spreads on commonly traded major forex pairs are shown below:

Major PairsSpread Rates
AUD/USD0.7
EUR/CHF2.5
EUR/GBP1.1
EUR/JPY1.5
EUR/USD0.7
GBP/USD0.9
USD/CAD1.7

The EUR/USD, AUD/USD, GBP/USD currencies have some really good spread rates associated with them. Usually, brokers have spread greater than 1 or 2 pips for the aforementioned currencies. Let's have a look at some of the minor pairs that are on offer.

Minor PairsSpread Rates
AUD/GBP0.9
AUD/JPY1.2
AUD/NZD2.5
EUR/AUD2.5
EUR/DKK10.2
EUR/NOK33.8
EUR/NZD5.4

Some of the pairs that offer some really good value are EUR/AUD, AUD/NZD, EUR/NZD, which provide better value than most other brokers. However, there are pairs like EUR/NOK that are quite expensive and may not make much sense to trade in small amounts. Now let's decouple some of the emerging pairs.

Emerging Markets Forex PairsSpread Rates
USD/CNH10.0
USD/CZK3.0
USD/HUF20.0
USD/MXN50.0
USD/RUB1.6
USD/ZAR85.0

The USD/CZK and USD/RUB offers some really good value for users. The fact that the broker offers the Russian Ruble and at such a competitive spread is something that really fascinated us while we were analyzing this broker, and could single-handedly tilt the scale for those looking to trade this particular currency pair. However, there are other currencies like the Mexican Peso (MXN) and the South African rand (ZAR) that are quite expensive and may not be profitable to trade on a daily basis.

Commission On Stock CFD's

The broker charges some expensive commissions for trading stock CFD's from different markets. Attached are some commissions for trading stock from different countries

Country% Commission Per TradeCurrencyMinimum Commission 
UK0.10%GBPGBP 9.00
US2 cents per unitUSDUSD 10.00
Australia0.10%AUDAUD 7.00
Austria0.10%EUREUR 9.00
Belgium0.10%EUREUR 9.00
Canada2 centsCADCAD 10.00
Denmark0.10%DKKDKK 90.00
Finland0.10%EUREUR 9.00
France0.10%EUREUR 9.00
Germany0.10%EUREUR 9.00
Hong Kong0.18%HKDHKD 50.00

The minimum commission plus the percentage commission can be expensive for small time traders however, if you trade in bulk then these commissions may not matter much to you.

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.

Final Verdict Fees

The fact that the broker does not have any deposit and withdrawal fees and offers good forex spreads means that the broker scores a solid 8. The only reason it loses a few points is due to the inactivity fees and commissions.

CMC Markets Fees Score: 8/10

#2 CMC Markets Signup Process

The signup process for CMC Markets is completely online. However, the procedure can be a bit complicated process at times. For instance, the documents required to register may vary from country to country which can cause some consternation among potential users. The common documents requested from most users include:

ID Documents

  • Valid passport
  • Valid photo driving licence
  • Valid national ID card

Proof Of Residence Documents

  • Bank statement in your name posted to your residential address (no online statements)
  • Mortgage statements in your name
  • Utility bills. All proof of residence documents must be dated within the last three months.

The documents required by the broker are quite standard and requested by most brokers. Often a lot of the documents required are a part of regulatory requirements stipulated for regulated brokers. However, a key component is how quickly a broker can verify your application and the broker does an okay job generally by verifying accounts in 2 days. The process to signup is simple and as follows

How To Signup For CMC Markets

  1. Enter Country of Nationality

    Insert the country you belong to

  2. Upload Verification Documents

    Collect your ID Documents and upload images

  3. Click Get Started to Start Trading

    You should click on get started to begin trading

The signup process is actually quite simple that can really help you in getting started very quickly.

How We Rank The Signup Procedue

We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded
  • Number of documents required
  • The time the verification process takes

The easier an account opening process is without unnecessary checks the higher the score is for this dimension.

Final Verdict Signup Process

The broker loses a few points because it can take up to 2 days or more to verify your account. The fact there are brokers like easyMarkets that can verify your account the very same day that you apply means that the broker loses a few points in this dimension.

CMC Markets Signup Process Score: 7/10

#3 CMC Markets Minimum Initial Deposit

If you want to try out the platform but do not have a lot of funds to invest, no need to worry. CMC Markets has doesn't require any minimum initial deposit. You can test out the platform with whatever amount you feel like investing and determine if the platform is for you or not. If you want to have a look at other brokers that have no minimum initial deposit requirements do also check out Webull, IronFX & Qtrade. This virtually inexistent minimum initial deposit makes this broker earn a perfect score in this category.

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker's services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

Final Verdict Minimum Initial Deposit

The fact that you can get started without investing alot of funds means that almost anyone can try out the broker. Due to this the broker scores a perfect score as we at YoreOyster believe that anyone should be able to try out the broker of your choice.

CMC Markets Minimum Initial Deposit Score: 10/10

Related: There are plenty of other popular brokers out there that also offer accounts with no minimum initial deposit. If you're interested, you can take at FXTM or IronFX.

#4 CMC Markets Ease of Use

CMC Markets is available via mobile, desktop and web platforms. The broker also offers its services via the famous Meta Trader 4 platform. Let's decouple the proprietory platform and the Meta Trader 4 platform to see what kind of value is available for users here.

CMC Markets Mobile & Web Platform

CMC Market's mobile and web platforms are really good. They offer a decent and descriptive interface and some really good customizability features, such as the option to design your own dashboard. The dashboard, however, does seem a bit cluttered but it is customizable so you could declutter it if you prefer less information. You can set price alerts or news alerts that can give you timely information for the assets that you hold on the portfolio in order to make important business decisions.

CMC Markets

CMC Markets Desktop Platform

CMC does not have an in-house proprietary desktop platform. Instead, it uses the Meta Trader 4 platform. While the Meta Trader 4 platform is quite advanced, it lacks good graphics which is visible from the picture of the platform below. The CMC platforms seem to be much more intuitive than what Meta Trader offers. However, an advantage of the Desktop platform is that you can add alerts and notifications, something not available in the other platforms.

Trading ideas

CMC Markets provides different types of trading ideas. One type is called ‘Insights', where CMC provides market-related information, like different market conditions impacting different assets.

Another trading ideas feature is called ‘Chart Forums'.you'll see a number of short technical analyses and speculations by CMC experts and CMC users. It's a little bit like social trading: people can share their chart analyses with one another to make better-informed decisions.

Fundamental Data

CMC Markets has partnered with Morningstar to provide fundamental data feature to keep users up to date with the latest news and trends. This service is available to all clients with live accounts. The reports are regularly updated, and include quantitative research, along with important details from annual financial statements of various countries. 

Charting

CMC Markets has amazing charting tools. You can choose from an impressive selection of more than 80 technical indicators like MACD lines, Bollinger lines or moving average lines, along with various statistical other tools. There are also other features, such as automatic trendline drawing tools, and the option to save your favorite charts.

Newsfeed

News is provided by CMC Market's own research team and their partnership with Thomson Reuters that helps investors stay up to date with all the latest news and trends. Newsfeed is available from the web platform; the broker's own research platform leads you to CMC's ‘News and Analyses' blog, while the Thomson Reuters news feed opens up directly in a separate window on the platform. Reuters news includes updates on politics and on the biggest listed companies in various markets, among others. The web trading platform also has a link to CMC TV, which is similar to IG's IGTV. On this YouTube channel, CMC releases several updates each week on market movements and offers technical analysis as well too help you trade profitably.

CMC Markets Robo Advisory

The broker also has a Robo advisory that helps you make decisions based on past market trends and the anticipation of future market trends. Robo advisories are gaining a lot of popularity amongst investors as they assist you in making trades on a lot of factors that you may not be considering. However, we at Yoreoyster ask you to do your own research before making an investment decision as you may evaluate some factors not incorporated by the AI automated services.

Other Research Tools

CMC Markets has a well-structured economic calendar. The economic calendar is powered by Thomson Reuters and lists the most important data releases each day. Each event has a ‘market impact' meter depicting the effect it might have on financial markets, and also links to previous and forecasted data for each indicator. You can filter these events by date, country or market impact. Also, you can set up alarms for these events separately.

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it's an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

ArabicGreekPersianGerman
BulgarianHebrewPolishMongolian
ChineseHindiPortugueseThai
CroatianHungarianRomanianTraditional Chinese
CzechIndonesianRussianTurkish
DanishItalianSerbianUkrainian
DutchJapaneseSlovakUzbek
EnglishKoreanSlovenianVietnamese
EstonianLatvianSpanish
FinnishLithuanianSwedish
FrenchMalayTajik

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990's Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.

Multibank

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.

Final Verdict Ease Of Use

The lack of advanced research tools such as advanced statistical measures and charting tools, coupled with the lacklustre desktop platform means that the broker loses a few points.

CMC Markets Ease of Use Score: 7/10

#5 CMC Markets Deposit & Withdrawal Options

Deposit Options

There are various options through which you can deposit your funds. It is always good for a broker to have multiple deposit options to provide you with the options that best suit your needs. Some of the options offered are as below:

  • Bank or Wire Transfer
  •  Credit/Debit Cards
  • E-Wallets such as Skrill & Paypal

This offers some really good value interms of covering all the bases. So users can use the methid that they feel best fitted to use.

Withdrawal Options

There are various options through which you can withdraw your funds. It is always good for a broker to have multiple deposit options to provide you with the options that best suit your needs. Some of the options offered are as below:

  • Bank or Wire Transfer
  •  Credit/Debit Cards
  • E-Wallets such as Skrill & Paypal

This offers some really good value in terms of covering all the bases. So users can use the method that they feel best fitted to use.

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

Final Verdict Deposit & Wtihdrawal Options

The broker scores a perfect score in this dimension because they offer customers the most important and popular options to use their funds in the manner that they see fit.

CMC Markets Deposit & Withdrawal Options Score: 10/10

#6 CMC Markets Customer Support

The platforms with which you can access customer support are the standard platforms that every broker uses. You can access the platform via:

  • Live Chat
  • Telephone at +44 (0)20 7170 8200
  • Email at [email protected]

The customer support is available in several languages such as :

  • German
  • Chinese
  • Polish
  • English
  • Italian
  • Spanish
  • French
  • Norwegian
  • Swedish

This offers some really amazing value because the broker covers many of the commonly spoken languages of the world.

ProsCons
Quick Live chatMay not get relevant answers via live chat
Detailed & Quick Response via Phone24/5 Customer Service
Detailed Response On Email No free dedicated account manager like Capital.com

The broker offers rapid support throughout different platforms and is available 24/5 on weekdays. The phone support and live chat take a few seconds or minutes at most. The email inquiries are mainly answered within a few minutes. This gives consumers the confidence that they can rely on the broker to come good in times of need, especially since some other brokers do not have good support across platforms which can be a bit stressful for some customers at times.

Some brokers also offer dedicated account managers to help newbies get started with trading. This can really help anyone to develop as a successful trader. The broker should definitely look into offering dedicated account managers to help invite newbies or inexperienced traders to use the platform. However, the email response time can be a bit slow at times and the fact that the broker does not offer a dedicated and free account manager like Capital.com means that the broker loses a few points.

How We Rank Customer Support

Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:

  • Availabiltiy of Support via Live Chat, Phone & Email
  • Speed & Quality of Response Across Platforms
  • Availability of Customised Support Such as a Dedicated Account Mnager

The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

Final Verdict Customer Service

The broker scores a decent 7 rather than a perfect score because it does not offer a dedicated account manager as Capital.com does and also because it offers a 24/5 customer service rather than a 24/7 customer service which can be pivotal for getting timely and needed help.

CMC Markets Customer Support Score: 7/10

#7 Asset Classes

CMC Markets is one of the very few brokers in our database like Capital.com that fulfills the perfect score criteria for this dimension. The following asset types are allowed:

Asset TypeOptions
Forex330
Stocks9,400
ETF1,000
Crypto8
Commodities30 +
Bonds20 +
Stock Indices30 +

With more than 1000's of stocks and hundreds of forex options and a 1,000 ETFs users are literally spoiled for choice. CMC has you covered if you are a stock trader, commodity trader or a bond or a stock indice trader wanting to use the platform.

Forex & Stocks

You can trade in various major, minor or emerging pairs such as:

  • EUR/USD
  • GBP/USD
  • USD/CAD
  • AUD/USD
  • EUR/CHF
  • EUR/GBP
  • EUR/AUD
  • EUR/DKK
  • EUR/NOK
  • EUR/NZD
  • AUD/GBP
  • AUD/JPY
  • AUD/NZD
  • USD/CNH
  • USD/CZK
  • USD/HUF
  • USD/MXN
  • USD/RUB
  • USD/ZAR

There are some really good varieties that you can find here such as Czech, Russian and Norwegian currencies. This kind of variety is not available with most brokers and something unique to the CMC platform only.

Commodities & Bonds

With more than 30 commodities and 20 bonds there are plenty of choices for you as a trader here. Some of the common commodities offered are:

  • Wheat
  • Coffee
  • Sugar
  • Wheat
  • Oil
  • Gas

There's plenty of variety in commodities and in bonds you can buy different types of government bonds such as US T-bills or US long term bonds moreover, you can also find various types of EURO Bund and EURO Cash bonds.

Stock Indices & Crypto

Some of the common indices offered by the platform includes:

  • US 100
  • US 30
  • UK 100
  • UK 30
  • Germany 30
  • Australia 200

You have a variety to create a diverse portfolio by buying indices from different countries. Stock indices are often a passive way of investing and act as a way of reducing risks in portfolios and CMC gives you this opportunity by giving you the option to take stock indices from some of the best performing international markets.

Some of the crypto options offered are:

  • Bitcoin
  • Dash
  • Ethereum
  • Litecoin
  • Monero
  • Ripple
  • EOS

The crypto options are much more than those offered by the other brokers that just focus on 3 or 4 major cryptos, CMC goes an extra step in providing more options for crypto.

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
  • Options Provided within each asset class

The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.

Final Verdict Ease Of Use CMC Markets

The vast number of options offered by CMC means that the broker scores a perfect score over here because it offers users with plentiful options to build diversified portfolios.

CMC Markets Asset Classes Score: 10/10

#8 Referral Program

Trading in groups is always fun as you can bounce your ideas with someone to ensure that you make the best decisions that you can make to earn better rewards. CMC provides you with this opportunity by giving you $250 in rewards for referring your friends and platform to the platform. You can earn more and more funds by referring more and more friends to the platform.

In order to earn the referral reward your friend must place trades on the account with a minimum aggregate turnover of US$500,000 in share CFDs (excluding US Shares) or US$2,000,000 across all CFD classes.

How We Rank Referral Programs

The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.

Final Verdict Referral Program

The referral program scores a perfect score because of the great value that it provides for users and entices individuals to refer other individuals to the broker and trade socially.

CMC Markets Referral Program Score: 10/10

#9 Demo Account & Educational Resources

Demo Account

CMC Markets provides a demo account that allows you to test out a trading strategy before actually investing any money into it. The demo account has most of the features of an actual amount that can help you in training for trading with an actual or live account

Educational Resources

The educational resources offered are more extensive than most brokers such as the fact that the broker offers you the opportunity to learn trading from

  • Basic educational videos of trading with different assets
  • Articles on trading assets and current market news related to different asset types
  • Webinars

The articles are simple to read and are often supported by short videos and graphs to help you better understand complex financial concepts. CMC Markets recommends articles based on your trading experience, with topics ranging from trading fundamentals to trading strategies. The extensive educational resources portfolio ensures that you are well trained to use the platform and always ready to make the most informed decisions that would maximize the benefit you receive from your buying and selling decisions.

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

Final Verdict Demo Account & Educational Resources

The only reason that the broker loses a couple of points here is that it does not offer courses to learn to trade that other brokers like Capital.com offer.

CMC Markets Demo Account & Educational Resources Score: 8/10

#10 Safety & Regulation

CMC Markets is regulated by a tier-1 broker in the Financial Conduct Authority (FCA). Moreover, the broker is also listed on the London Stock Exchange which makes it answerable to extra rules and regulations apart from the ones imposed by FCA. This bodes well for users because the more regulation a broker has means that it follows strong rules and regulations to avoid any irregularities.

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

Is CMC Markets Safe?

The fact that the broker is regulated by a tier-1 broker and listed on the London Stock Exchange means that it scores a perfect 10.

CMC Markets Safety & Regulation Score: 10/10

CMC Markets FAQ's

How Does The Broker Make Money?

The Broker makes money by charging spreads and commissions.

Is The Broker Legit?

Yes, the broker is regulated which means that it is answerable for its business practices.

Does The Broker Allow Bank Transfers?

Yes, the broker allows you to transfer funds through bank transfer.

Can I Deposit & Withdraw Money Using Paypal & Skrill?

Yes, CMC Markets Fallows you to use various electronic payment methods like Paypal & Skrill To Deposit & Withdraw funds.

How Long Does it Take To Verify My Account?

Usually it takes one day for the verification of your account

Can I Use My Visa Or Mastercard to deposit or withdraw funds?

Yes, CMC allows you to deposit and withdraw funds using your Visa or Mastercard

While researching 100+ of the world's top brokers, we’ve noticed what works and what doesn’t from the customer's point of view. That’s why our final test for any broker is to compare it to Capital, which scores 91/100 points across the 10 categories mentioned in this review, and is our top-rated broker for 2021.

CMC Markets vs. Capital.com

CMC Markets is one of the highest ranked brokers in our database however, we feel that the broker could improve on a few dimensions

Customer Support

Capital.com has one of the best customer support cycles as it gives you a dedicated account manager who advises you on your trades and keeps a record of your transactions so you do not get lost in a customer support cycle. Often, availing customer service can be a problem because lots of brokers are slow in providing customer service and you have to explain your problem to different representatives to solve it.

Moreover, even within phone support and live chat, the average response time is within a couple of minutes to provide you with prompt response, to ensure that you are taken care of and the email support only takes a few minutes to answer your queries which are better than most brokers that can take up to a few hours or even days many times to answer basic queries.

Sign Up Procedure

With Capital.com, the signup procedure only takes a few hours and it is very streamlined compared to CMC Markets. You can open up your trading account only within a few minutes with Capital.com rather than waiting for a few days for your account to be verified.

Comprehensive Educational Resources

Capital.com has a lot of educational resources to train any kind of trader looking to deal in any kind of asset. Often brokers offer a few basic educational resources for traders but Capital.com does a good job in this regard and it is with you in helping you learn to trade savvily and efficiently. Some of the resources offered are as below:

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

The resources offered to teach you everything from learning how the platform works to educational videos and webinars. Capital.com also offers asset trading training guides.

Training Guides

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides

Capital.com has you covered if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders.

Capital.com Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.

So what are you waiting for signup today for the best broker in the business that has more assets, better educational resources and more comprehensive education resources.

Related: If you want to learn more about this broker, you can read this excellent review of Capital.com.

In Summary

CMC Markets has a diverse asset range with 9,400 stocks, 330 forex pairs, 30 plus commodities and over a 1,000 ETFs at competitive rates. Moreover, the broker also has a good customer service and offers a really good referral program for you to get started with trading with your friends. Signup now to test out the platform if you are a stock, forex or commodity trader.

If you are a beginner or a trader in the US you should check out Capital.com as CMC Markets does not offer services in the US. Capital.com offers a very good platform for beginners with a dedicated account manager to help you in your journey towards becoming a great trader. Capital.com offers all the asset types and options that CMC Markets does at competitive spreads and rates. Hence, you should definitely try out Capital.com as you would enjoy the platform as most of our ardent readers do.

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