CMC Markets Forex Broker review
| Name of the Company | CMC Markets UK PLC |
|---|---|
| Established In | 1989 |
| Online since | 1996 |
| International Offices | Australia, China, Canada, Italy, Hong Kong, Germany, New Zealand, Sweden, U.K, and Singapore |
| Payment Methods | Credit cards, webmoney and debit cards |
| Demo Account and Platforms | CFD Platform, Spread Betting platform |
| Account currencies | Great Britain Pound. |
| Different Currency Pairs | 300+ |
| Regulated or Registered By | FSA (U.K) |
| Languages in which website is available | Danish, Chinese, French, Finnish, Japanese, German, Italian, Spanish, Norwegian and Swedish. |
| Languages in which support is available | Danish, Chinese, French, Finnish, Japanese, German, Italian, Spanish, Norwegian and Swedish. |
| Different Support Methods | Phone, Email, office, web form |
| Minimum Deposit in Accounts | 200 Pounds |
| Minimum position size | 1 Lot |
| Type of Spread | Fixed |
| Minimum spread on EUR/USD, pips | 0.7 |
| Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex-1:100, CFD – 1:100, Indexes – 1:100, Soft Commodities – 1:100 |
| Real Trading platforms | CFD Platform, Spread Betting platform |
| Digits after the dot in quotes | 5 |
| Is Free education Available | Yes |
| Any Segregated accounts | Yes |
| Facility of Overnight interest rates (swaps) | Yes |
| Do they have Pending orders | Yes |
| Is One-click trading option Available | Yes |
| Mobile trading Allowed | Yes |
| Browser-based platform Present | Yes |
CMC Markets is an old player in the forex market and was established way back in the year 1989. They started their internet based online trading service which reached to traders all over the world in the year 1996. They have their offices in 10 countries which include Australia, Canada, China, Italy, New Zealand, Hong Kong, U.K, Singapore, Sweden and Germany. With so many offices it has already made its global presence felt. The company is regulated by the regulating authority of U.K that is FSA. They offer more than 300 currency pairs to trade in with the lowest spread on each pair. They have the facility of bid-ask spread which in other cases is allowed only to large successful forex traders. They offer various payment options to their clients and include credit cards, WebMoney and Debit cards. They allow only Great Britain Pound as the account currency. Their website and customer support service is multilingual and is available in 10 languages. The customer support service is excellent and can be availed via phone, live chat, email and web form. They also offer segregated accounts to their customers which means that the customer’s and company’s funds are kept separate.
The trading platform for both demo and real trading accounts are the same, CFD Platform and Spread Betting Platform. Their trading accounts have several features and have several applications which make trading easy. They allow you to trade even when you are travelling as the software can be easily downloaded on your mobile, iPad and thus by just a touch and click the trade is done. They also have the latest technology to provide recognition and charting. The minimum account size is 200 pounds and the maximum leverage offered is just 1:100. Free education is also available on the company’s website.
The reviews have become the best medium to know about a company, its performance in the market and the quality of service that it provides. They have an in house trading platform which is specialized in CFD trading and Spread betting and is very fast and easy to use. It is liked by many customers. The execution of trade is very fast which helps the traders in trading successfully. Their mobile trading platform is liked by many as it allows them to trade and also provides access to quality charts on the iPhone. Their website and the customer support service is multilingual which makes them accessible to large number of traders all over the world and is liked by many traders. The customer support staffs are very courteous and responsive. They are very quick and at the same time very professional. Some of the disadvantages of trading with CMC markets is that they have very limited payment options and does not include famous options like PayPal, MoneyBookers etc. They have a variable spread which is a concern for some. However, the overall review is good and the average rating given to the company by its users is 5.4 out of 10.