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Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot. I was contacted by an agent from CMC while creating the account and he followed up to make sure all my questions were responded to. We hope you found our review of the CMC Markets brokerage firm useful. Stocks, currency and other commodities and instruments will be brought or sold by CMC Markets even if no buyer or seller is lined up.

Trading Risk Disclaimer

Evaluation includes researching the CMC Markets management team, track record, and services. When it comes to online trading with brokers like CMC Markets, carefully review CMC Markets as your broker can make or break your success. Choosing the right broker is essential to ensure your CMC Markets investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. As a result, selecting the right trading platform like CMC Markets requires a deep understanding of the market, trading strategies, and platform functionality.

This segregation is crucial in the event of financial difficulties faced by the broker, as it ensures that clients’ funds remain protected. As part of our CMC Markets review, we review customer service options, response times and problem resolution effectiveness on the CMC Markets trading platform. The CMC Markets trading platform supports multiple languages, which includes English, German, cmc markets review French, Polish, Spanish, Swedish, Italian, and Norwegian.

• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
• You should consider whether you understand, CFDs, OTC leveraged products or any of our other products work and whether you can afford to take the high risk of losing your money.
• Please be aware that CMC Markets does not currently support the MetaTrader 5 (MT5) trading platform.

Trade CMC Markets MetaTrader 4 on Android Devices

Be wary of adverts online and on social media promising high returns for trading in financial instruments. If you have already invested in a scam, fraudsters are likely to target you again or sell your details to other criminals. The follow-up scam may be completely separate or related to the previous fraud, such as an offer to get your money back or to buy back the investment after you pay a fee. Our review of CMC Markets finds, that they offer their day traders, a custom built trading platform for Spread betting and CFD trading. Their  trading platform is very advanced, yet fairly easy to use at the same time. Range of Markets CMC Markets offering for the clients their disposal includes a comprehensive wide range of trading instruments, up to 10,000.

How much trust do people have in cmcmarkets.com?

Additionally, CMC Markets offers negative balance protection, which means that traders cannot lose more than their deposited amount. This feature is particularly beneficial for retail traders who may not have extensive experience in managing risk. Furthermore, CMC Markets is a member of the Financial Services Compensation Scheme (FSCS) in the UK, which protects eligible clients up to £85,000 in the event of the broker’s insolvency. Overall, the combination of segregated accounts, negative balance protection, and compensation schemes positions CMC Markets as a safe option for traders concerned about fund security. CMC Markets has been facilitating trade on the financial markets for over 36 years. CMC Markets offers clients Forex trading, CFDs trading, Spread Betting trading, and Binary Options trading.

• Modern brokers like CMC Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources.
• We are not responsible for any losses you may incur, by investing with a company mentioned on this website.
• We adopt industry and information security best practices to protect your personal information, ensuring that unauthorised persons do not access it.
• This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. The company provides multiple channels of communication, including phone, email, and live chat. Support is available during market hours, with trained professionals ready to assist with account-related issues, platform queries, or technical problems.

Is CMC Markets A Good Broker?

You can choose to receive OTPs either through your mobile app, which will typically involve scanning a QR code on screen, or by SMS. Once you’ve switched on 2FA for your account, it will become a mandatory step in the login process every time you access your account, through our online trading platform. Enabling this option protects your account so even if someone discovers your password, they can’t log in without the code, which is sent to your phone. You’ll receive a ‘one-time password’ (OTP) and then enter it when prompted, when logging into your account.

Read our full PayPal guide to learn more about using PayPal to fund your forex trading account. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs. CMC Markets is regulated by the BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) (154814), FCA (Financial Conduct Authority) (173730). When selecting a broker such as CMC Markets, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation.

Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Whenever I’ve phoned customer services they’ve always sorted the problem out very quickly.

Founded by Peter Cruddas, CMC Markets has evolved significantly since its inception. Initially operating as a foreign exchange market maker under the name Currency Management Corporation, the company rebranded to CMC Markets in 2005. Over the years, CMC Markets has expanded its offerings to include CFDs and spread betting, becoming a key player in these markets. The company is publicly traded on the London Stock Exchange under the ticker symbol CMCX, which adds a layer of transparency and accountability, as it is required to disclose financial reports regularly.

Product security

Yet, your Bank may impose an additional Banking fee or international bank transfer that should be repaid by the customer. The other branches are also regulated by the Financial Markets Authority in New Zealand and the Monetary Authority of Singapore (MAS). On the flip side trading fees for Stock CFDs are higher, and there is no 24/7 support. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. The combination of high-quality research and educational support underscores CMC Markets’ commitment to client development.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. Negative balance protection is important for traders using leverage on platforms like CMC Markets. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance.

CMC Markets competes close to the best in the industry by offering forex and CFD traders a diverse selection of education in a variety of formats, including written articles, video updates, podcasts, and live webinars. If you live in the U.K., check out the review of CMC Invest at our sister site, UK.StockBrokers.com. CMC Invest is available via mobile on a stand-alone basis with commission-free trading across all account types. CMC Markets is a top broker for CFD trading and offers nearly 12,000 CFDs, a large number of forex pairs, and access to international equity markets (such as Australia).