CMC Markets is an established brokerage firm registered in Australia and regulated by FCA, FMA, MAS, and CIRO. With over 20 years of experience, they offer 12,000+ trading instruments including forex, indices, commodities, shares, and cryptocurrencies. Traders can access their services through the popular MT4/5 platforms as well as CMC NextGen Platform. CMC Markets provides a flexible account structure with no minimum initial deposit requirement and offers free demo accounts for practice trading. They have a strong customer support system, and provide various educational resources to assist traders in their financial journey.
| Founded | 1989 |
| Registered Country | Australia |
| Regulation | FCA, FMA, CIRO, MAS |
| Trading Instruments | 10,000+, forex, indices, commodities, shares, ETFs, treasuries, shares baskets |
| Demo Account | ✅ |
| Account Type | Standard, FX Active |
| Min Deposit | $0 |
| Leverage | Up to 1:200 (Retail) |
| EUR/USD Spread | Average 0.6 pips |
| Trading Platform | MT4/5, CMC NextGen |
| Payment Methods | Credit/debit card, bank transfer, PayID, PayPal |
| Customer Support | 24 hours, Monday – Saturday morning
Live chat, contact form Tel: 1300 303 888, +61 2 8221 2100 (calling from overseas) |
Trading Accounts
CMC Markets provides two account types, namely Standard account and FX Active account. No matter which type of account a user chooses, the products available to the user are very rich.
Leverage
The maximum leverage offered by CMC Markets is up to 1:200 for retail traders. While leverage can provide traders with several advantages, such as greater trading flexibility, potential for higher profits, increased market access, and enhanced trading opportunities, it also comes with certain disadvantages. One of the primary disadvantages is the increased risk exposure, as leverage magnifies both gains and losses. Traders need to exercise caution and implement proper risk management strategies to avoid significant losses. Additionally, the use of leverage requires a good understanding of the market and trading principles to make informed decisions.
Spreads and Commissions
CMC Markets offers competitive spreads for major currency pairs, with a live spread form indicating indicative prices. However, it’s important to note that spreads may vary, especially during volatile market conditions. The company adopts a transparent commission structure, with commissions varying depending on the specific instruments traded.
Trading Platform
CMC Markets provides traders with three platform options: MT4, MT5, and CMC NextGen.
MT4/5 is a widely recognized and popular trading platform known for its extensive range of technical indicators and automated trading tools. It offers a user-friendly interface and provides access to a diverse set of features.
On the other hand, CMC NextGen platform is a proprietary platform specifically designed for CMC Markets clients. It offers seamless integration with other CMC Markets services and features, providing a cohesive trading experience.
Traders can choose the platform that suits their preferences, whether they prefer the familiarity and customization options of MT4/5 or the integrated features of CMC Markets platform.
Deposit and Withdrawal
CMC Markets accepts deposits and withdrawals via credit/debit card, bank transfer, PayID or PayPal. The deposit fee is 1% for credit card payments and 0.6% for debit cards, while no any info on withdrawal fees.
