CMC Markets is one of the world’s leading online forex and CFD brokers. It offers various products across virtually all markets and asset classes.
The company is FCA regulated, which helps to add credibility and ensure client funds are safe. It also holds client funds in segregated accounts at regulated banks, which reduces risk even further.
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Minimum deposit
CMC forex fees are low, making it a good choice for traders who want to trade in a wide range of currencies. The platform also offers a free demo account, a great way to practice before investing real money.
To open an account with this broker, you’ll need to fill out the registration form and verify your identity. After you’ve done so, you can use various deposit methods, including Bank Transfers and Credit/Debit Cards.
You can also withdraw your funds from the trading account to your bank account, which is a good option if you want to save money on withdrawal fees. However, you should note that transfers made using a credit/debit card usually take a few days to arrive.
CMC Markets is regulated by multiple tier-1 regulators, including the FCA in the UK and the Monetary Authority of Singapore (MAS). This is an excellent sign that your funds are secure and you can trust the platform.
Minimum trade
CMC forex fees are relatively low, which is a significant benefit for traders. They offer a wide variety of forex and CFD products to trade.
Traders can also use their free demo account to test their strategies before investing real money. The company offers a wide range of educational resources and dedicated customer service support.
Independent reviews have praised the speed and efficiency of CMC Markets’ customer service team. They report that chat wait times are typically less than 40 seconds, and phone calls are answered within 24 hours or less.
CMC forex fees are relatively low, making it a good option for retail traders with limited capital. They also charge zero fees on withdrawals, which is a big deal for retail investors.
Spreads
CMC Markets offers competitive spreads across forex, commodities, and index CFDs. They also charge swap fees (the cost of holding a position overnight) and commissions on equity trading, although these are not excessive.
CMC is a pioneer in the online forex and CFD trading, with a broad product catalog, advanced functionality, and high-quality research and education offerings. This combination makes them a solid choice for beginner and more advanced traders.
A free demo account lets you test the platform with virtual money before risking your funds. The company also enables you to enroll in its Alpha scheme, which provides reduced spreads, priority support, and a range of perks.
Customer service
Customer service is the lifeblood of any trading platform, and CMC markets offer a top-notch experience. They offer phone and email support as well as live chat and a dedicated website with multiple FAQs. The best part is that all channels appear to be answered within reasonable time frames.
CMC is also a regulated broker that is held to high standards. In addition to providing customer service in nine languages, they also boast several other features like excellent order execution and valuable risk management tools. In a nutshell, their customer service is among the best in the industry. They even have a rewards program to boot! So if you’re looking for a new forex or CFD broker to trade with, we highly recommend trying them. They offer competitive forex fees and excellent customer service, so you won’t have to worry about putting your hard-earned money at risk. It’s also the smartest choice you can make.