CMC Markets is a global financial services provider trusted by investors worldwide. It offers an excellent selection of products and a wide range of trading services. It also offers excellent pricing and the Next Generation trading platform. This broker provides excellent research, trading, and charting tools.
CMC Markets was established in 1989 as a publicly traded financial services provider. It has over 57,000 clients and 15 offices globally. It operates under the regulation of four tier-1 jurisdictions and two tier-2 jurisdictions, including trusted regulators in the United Kingdom, Australia, and Canada. These regulatory bodies include the Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Investment Industry Regulatory Organization of Canada (IIROC), and the Monetary Authority of Singapore (MAS). Since CMC Markets is regulated in several jurisdictions, this makes it a safe and low-risk broker for forex and CFDs trading.
CMC Markets is one of the leading brokers that offer low-cost trading. Traders are guaranteed of an excellent trading experience with this broker’s advanced tools, research materials, and a mobile platform that could surpass the MetaTrader4 in terms of scope. This broker holds more than $258 million in Tier-1 regulatory capital and about $464 million of client funds stored in segregated accounts as of the first quarter of 2020. In September 2020, the market capitalization of this company is estimated to be at $1.3 billion.
CMC Markets Key Features and Services
CMC Markets has a wide range of investment products to a wide client base worldwide. It also has powerful platforms, charting, and trading tools that are useful to daily trading.
Next Generation Platform
The Next Generation Platform is CMC Markets’ leading trading platform that supports a wide range of products. It is fast and reliable, with tools and features that will surely impress even the most advanced of traders. The main focus of the platform’s design is speed and usability, and the interface is simple and organized. Traders have the option to use floating or fixed windows, as well as predefined layouts and custom setup. The charting system presented on the Next Generation platform is also superb, with color-coded levels that slash time needed in viewing a watch symbol or a chart update for a particular asset.
CMC Markets’ Next Generation platform offers a rich variety of charting tools. Traders have full access to over 80 technical indicators, 40 drawing tools, and 60 chart patterns that are simple and efficient to use. The platform also offers the Breakout and Emerging Patterns tools, which are divided into categories according to signal strength probability. This is the outstanding feature in the Next Generation’s charting tools, since it brings the user’s charting experience to a whole new level. Moreover, these chart patterns adjust automatically when the time scale is changed, and so users can see a bigger and more comprehensive chart pattern when they set it to daily, weekly, or monthly. The Next Generation trading platform won the Best Web-Based Platform Award for 2021.
The Next Generation platform does not offer a wide scope of services when it comes to automated trading. However, it does provide social trading and pattern recognition tools, as well as the Boundary Order, which helps users set deviation parameters. Still, CMC Markets offers automated trading through its MetaTrader4 platform, which is a classic trading platform for foreign exchange known by investors worldwide.
CMC Markets offers cryptocurrency trading through CFDs and not as individual assets. This broker has a decent set of cryptocurrency CFDs to offer, and while it is a riskier trade compared to trading the underlying asset or the cryptocurrency itself, it has its own perks. However, it is important to note that cryptocurrency CFDs are not available for U.K.-based clients.
CMC Markets Trading Fees and Research Tools
Some brokers offer quality services, some offer cheaper fees, while there are a few others that offer both. CMC Markets ensures that trading with them is not expensive for beginning traders, all the while maintaining to provide quality services.
CMC offers low, competitive spreads that are offered on all account types. The average spreads provided by this broker are at 0.74 pips, which is largely better and lower than the industry average. Most brokers offer spreads that begin at 1pip, which can take a toll on many trades.
Research & Education
The research and educational materials provided by CMC Markets are mostly in-house content, which means that there is a team of trading experts creating daily research content for the broker’s global client base. This rich offering includes daily news, trading insights, a print magazine released twice a month, a market intelligence portal called Opto where traders can find feature articles and podcasts. More than that, CMC Markets also provides third-party educational content from Reuters and Morningstar.
CMC Markets Pros and Cons
CMC Markets is a competitive brokerage firm that offers quality services and low trading costs. It is a great option for beginners and experts alike, since this broker offers sophisticated features that are recommendable for expert traders and low spreads that are great for a beginning trader. One of the many advantages of trading with CMC Markets is its award-winning Next Generation platform, which gives clients a next-level charting experience and wide scope of services.
On the downside, CMC Markets has limitations when it comes to its offerings for a number of jurisdictions. For instance, cryptocurrency CFDs trading is not available for U.K. clients, which means that investors trading within this jurisdiction have no access to cryptocurrencies at all. Other than that, CMC Markets still provide low-cost but quality trading experience to its global client base.