CMC Markets Review 2025

Pros

• The brokerage excels by offering various useful resources. These include scanners that identify trading patterns, webinars, tutorials, updates from news outlets, and research from esteemed companies like Morningstar.
• The CMC web platform offers an excellent user experience, featuring advanced charting tools and customizable options for trading. It suits both beginners and experienced traders. It supports MT4 and will add TradingView in 2025.
• We upgraded its 'Assets & Markets' rating due to frequent product additions in early 2025, including extended hours trading on US stocks and new share CFDs.
• CMC provides great pricing, with narrow spreads and low fees for trading except for stock CFDs. The Alpha and Price+ programs also give benefits to active traders, including up to 40% spread discounts.
• CMC Markets is strictly overseen by respected finance entities, helping to ensure safe and reliable trading. Its excellent reputation ensures a secure trading environment.

Cons

• Trading stock CFDs carries a comparatively high commission charge, particularly when contrasted with more affordable brokers such as IC Markets.
• The CMC Markets app provides full trading services, but its design and user experience are not as good as leading competitors such as eToro.
• A $10 monthly inactivity fee is charged after one year of no trading activity. This could discourage occasional traders.
• While the web platform has improved, it still needs more enhancements to be as user-friendly for trading as competitor software such as IG.
• CMC provides a commendable range of assets, but lacks support for actual stock trading and UK customers are unable to trade cryptocurrencies.

Regulation & Trust

When it comes to safety, you can feel confident trading with CMC Markets. The broker has been around since 1989 and is backed by some of the most trusted regulators like the Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), and Australian Securities and Investments Commission (ASIC).

Plus, since it’s publicly listed on the London Stock Exchange (CMCX), it’s transparent with regular financial reports.

One thing that gives me peace of mind is deposit protection.

If something were to happen to the broker, UK clients (like me) are covered up to GBP 85,000 through the Financial Services Compensation Scheme (FSCS), while EU traders get up to EUR 20,000, and Canadian traders up to CAD 1,000,000.

Unfortunately, there’s no specific protection for traders in Australia, New Zealand, Singapore, or the Middle East.

Another big plus for UK and EU traders is negative balance protection. This means even when using leverage, your account can’t go negative – something I always look for in a broker.

Accounts & Banking

Accounts

CMC Markets offers three account types: CFD, FX Active, and Spread Betting. The right choice depends on your location, your base currency, and even tax considerations.

One downside is that there’s no separate account for trading real stocks, which might be a dealbreaker for long-term investors.

CMC Markets offers three account types to cater to different trading needs and preferences

But for active traders like me, CMC Markets makes up for it with a fast, fully digital account opening process. It took me just a few minutes to get started.

Each account gives full access to trading platforms, free market data, and educational resources, which I’ve found super useful. However, be sure to check the fee structure, as costs vary between accounts.

If you’re a professional trader, you can apply for higher leverage, but remember that means giving up some retail protections.

And if you want to test things out first, CMC Markets offers a demo account with $10,000 in virtual funds – a great way to practice risk-free before jumping in with real money.

Incentives

One of the things I really like about CMC Markets is its Alpha program, which comes with some solid perks.

If you deposit at least $25,000, you get spread discounts, priority customer service, and even interest on your equity – a nice bonus for keeping funds in your account.

Even if you’re not depositing that much, CMC Price+ is available to all traders. It’s a tiered discount system that rewards you with reduced spreads based on your trading volume.

I always appreciate a broker that gives back to active traders, and these benefits definitely help keep trading costs low.

Leverage

CMC Markets offers flexibility in leverage. As a retail trader, I can get up to 1:30 leverage on major currency pairs (restricted by the European Securities and Markets Authority (ESMA)), which lets me take on larger positions without overcommitting my capital.

Other instruments have different limits, so it’s worth checking depending on what you trade.

For those who qualify as professional traders, CMC Markets offers leverage up to 1:500 – which is huge. Of course, that comes with higher risk, and you’ll need to meet specific requirements like experience and trading volume.

I’ve looked into it, but for now, I’m sticking with retail protections.

Deposits & Withdrawals

CMC Markets makes making deposits and withdrawals extremely easy and secure – plus, there are no fees. It supports 10 base currencies, but CFD accounts have more flexibility, while most other accounts are limited to just a few options.

I usually stick to bank wire or debit card transfers since third-party and crypto payments aren’t always available depending on location. Card payments go through the same day, which is convenient, while bank transfers can take up to three days.

What sets CMC Markets apart from brokers like eToro is that there are no withdrawal limits and no fees. That’s a big win in my book!

Just keep in mind that if you’re you withdraw in a different currency than your base, you might be hit with conversion fees. I use a multi-currency digital bank account to minimize those costs – it’s a game changer for international trading!

Assets & Markets

What stands out about CMC Markets is the sheer variety – it offers 12,000+ CFD products, covering everything from commodities and currencies to ETFs and stocks.

The 300+ currency pairs are a massive advantage if you’re into forex. That’s more than every other broker we’ve evaluated.

CMC Markets offers trading on over 12,000 financial instruments

The company even expanded into options trading in 2024, which opens up even more opportunities. And in 2025, it launched extended hours trading for the ‘Magnificent 7’ US tech stocks, providing opportunities beyond traditional market hours.

That said, CMC Markets doesn’t offer real stocks or ETFs, which can be a downside if you want to build a long-term portfolio.

There’s also no interest rate trading or managed portfolios, so it might not be the best fit if you prefer a more hands-off investment approach.

Another thing to keep in mind is that stock CFD commissions start at $10, which may seem steep compared to some brokers.

Overall, CMC Markets is a powerhouse for CFD traders and spread bettors, but if you’re after more traditional investments or lower commissions, it’s worth weighing your options.

Fees & Costs

CMC Markets has low trading fees, especially in forex. When I trade EUR/USD during peak hours, the spread is usually around 0.7, which is competitive.

Major indices, like the S&P 500, have an average spread of 0.6, and the US 30 starts at 2.2. Of course, like with most brokers, spreads can widen during low liquidity periods, so that’s something to keep in mind.

I’ve compared this to IC Markets, which offers even lower spreads – EUR/USD can go as low as 0.1 in their Raw account, while the US 30 sits at 1.4.

That said, all brokers charge swap fees for holding trades overnight, but you can avoid them by closing positions before the session ends.

If you trade outside your account’s base currency, beware of conversion fees – they can add up if you’re not careful.

One useful feature is CMC’s guaranteed stop-loss order (GSLO). It costs a small fee, but if it doesn’t trigger, you’re refunded.

It’s great for protecting against unexpected market moves, and the cost is always shown in the order window, so there are no surprises.

Another plus? There are no fees for deposits, withdrawals, or account creation. Just be aware that if you leave your account inactive for 12 months, there’s a $10 fee – unless your balance is empty.

It’s a standard policy, but casual traders should be aware of it.

Platforms & Tools

Trading Platforms

CMC Markets gives me two solid options regarding trading platforms: its web-based platform and MetaTrader 4 (MT4).

I find CMC Markets’ platform user-friendly and packed with advanced tools – it has 80+ technical indicators, 40+ drawing tools, and a customizable workspace, making analysis a breeze.

CMC Markets’ web-based platform offers institutional-grade features with lightning-fast execution

That said, if you’re into automated trading, MT4 is the better choice since it supports Expert Advisors (EAs). While CMC Markets’ platform is stable and intuitive, I’ve noticed that it doesn’t offer a standalone desktop version.

That might be a drawback if you prefer a powerful, locally installed platform for peak performance.

Placing A Trade

Trading on CMC Markets initially felt unintuitive, but once I got used to it, I started to appreciate how it worked.

I usually find instruments using the search bar, my watchlist, or the product library. Then, I just hit ‘Buy’ or ‘Sell’ to open the order screen and set details like volume and order type.

One thing that bugs me is that the Take Profit (TP) and Stop Loss (SL) levels don’t show up on the chart until after the order is placed, which makes visualization harder than it should be.

The drag-and-drop feature helps with quickly adjusting TP and SL, but I’d love to see a built-in risk-to-reward ratio display – it would make trade planning so much smoother.

Mobile App

The CMC Markets mobile app is slick and easy to use, whether on iOS or Android.

It gives me full trading functionality, with optimized charting and explicit order tracking, so I can manage my trades on the go without feeling limited.

I like the insights section, which highlights ‘Hot Products’ and ‘Price Movers’. It is super helpful for sparking trade ideas, especially if you’re still getting the hang of things.

I’ve also used MetaTrader 4’s mobile app, but honestly, it feels pretty outdated compared to CMC Markets’ modern and user-friendly design, even though both offer similar functions.

Research

CMC Markets offers an excellent variety of research tools. Whether I’m conducting technical or fundamental analysis, I always have access to solid insights into market movements.

The real-time news streams and economic calendars are helpful, especially with the impact meters that help you gauge how big of a deal certain events might be.

CMC Markets’ economic calendar offers real-time updates on global market-moving events

Plus, getting analysis from trusted sources like Reuters and Morningstar gives extra confidence in decisions.

Another nice touch? CMC TV is built into the web platform, offering market updates and technical analysis a few times a week. It’s a great way to stay informed without jumping between different platforms.

Education

CMC Markets’ educational content is great for anyone getting started with trading.

There’s a ton of learning material covering CFDs, spread betting, forex, and stocks, plus in-depth technical and fundamental analysis guides.

CMC Markets regularly publishes insightful market analyses

I like that CMC Markets breaks things down step by step, from logging in to using technical tools in trading.

That said, I wish there was a better filtering system based on experience level – new traders might find it a bit overwhelming to navigate all the resources.

Once I set up a live account, I was able to access even more educational tools, such as news updates, webinars, and even in-person events.

More organization would help, but overall, there’s much information to learn from.

Customer Support

CMC Markets’ customer support is reliable and responsive when you need help. You can reach them 24/5 via phone or email in multiple languages, which is super convenient.

I wish live chat was available for prospective clients, but as an existing user, I can access it through my weekday account.

When I tested it, a rep joined in under five minutes and quickly resolved my issue. Email support has also been solid for me, usually responding within two hours on business days.

Beyond direct support, I like that CMC Markets offers plenty of self-help resources, including FAQs, trading guides, and YouTube videos.

That said, expanding live chat hours would make the experience even better.

Should You Trade With CMC?

CMC Markets is a solid choice for trading CFDs and forex, mainly because of its competitive pricing and huge selection of instruments.

The platform is robust and customizable, though I’ll admit – it took me a bit of time to get comfortable with all the features.

If you’re an experienced trader, you might appreciate MetaTrader 4, especially for algorithmic trading.

That said, there are a couple of downsides. Stock CFD fees can be high from our analysis, and if you’re looking for real stocks or ETFs, you’re out of luck here.

However, one thing that should give you confidence is CMC’s strong regulatory oversight, which ensures a secure and trustworthy trading environment.

Article Sources

• CMC Markets’ Website
• Financial Conduct Authority (FCA)
• Canadian Investment Regulatory Organization (CIRO)
• Australian Securities and Investments Commission (ASIC)
• CMCX – London Stock Exchange
• Financial Services Compensation Scheme (FSCS)
• European Securities and Markets Authority (ESMA)

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