The CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders; it’s fast, reliable, and packed with impressive tools and features. When spread betting with CMC Markets, you will use CMC Markets’ proprietary trading platform, NGEN, as MetaTrader (MT4) is not available for spread betting with this broker. Before you allow this to deter you, NGEN does have a guaranteed stop-loss order for better risk management and a pattern recognition scanner to help you better identify chart patterns. Additionally, the spreads found on CMC Markets’ spread betting accounts are the same as those on their CFD accounts. Our Chief Technology Researcher at CompareForexBrokers,  Ross Collins, did spread testing for no-commission style accounts using 20 Forex brokers to find out which brokers have the best spreads. He used CMC Markets along with other brokers who offer spread betting like Pepperstone, Admiral Markets, OANDA, FxPro, FXCM and City Index to see who has the best forex spreads for spread betting.

The platform then automatically executes trades based on those parameters. This feature saves you time and helps ensure that you don’t miss any trading opportunities. What also sets CMC apart from other brokers is the ability to share your technical analysis with other traders. However, if you’d like to receive your funds instantly (via bank transfer) or you use an international bank transfer, there’s a £15/$25/€15 charge, depending on your base currency. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. In the sections below, you will find the most relevant fees of CMC Markets for each asset class.

CMC Markets Review and Information 2023

There are no commissions when trading CFDs (except for Shares) with CMC Markets. Instead, they only publish their minimum spreads, making it difficult to compare their spreads to other brokers. CMC forex traders can choose between MetaTrader 4 and the next CFD Next Generation platform, while a separate stockbroking platform is needed to trade shares in Australia.

• Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test trading on the go.
• Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
• The availability of mobile applications also adds to the platform’s appeal.
• However, if you’d like to receive your funds instantly (via bank transfer) or you use an international bank transfer, there’s a £15/$25/€15 charge, depending on your base currency.

Yes, your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK’s deposit guarantee scheme. If CMC Markets ever went into liquidation, retail clients would have their share of segregated money returned, minus the administrator’s costs in handling and distributing these funds. Any shortfall of funds up to £85,000 may be compensated under the FSCS. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com.

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Leverage trading, which is also known as trading on margin, means you can make a profit if markets move in your favour. Leverage poses risks as you can increase your losses significantly should the market price for the currency pair not move in your favour. Unlike most other brokers, the lack of transparency from CMC about their average spreads makes it impossible to calculate their exact brokerage costs for CFDs or spread betting. If you’re looking to calculate brokerage on the most popular CMC Markets alternatives, including Pepperstone and IG, you can use the calculator below. The platform used by CMC Markets is a proprietary one, which is available either as a web trader or a mobile trader with both standard and advanced options. The platform is set up in a very similar manner to other popular platforms, allowing for intuitive use.

Traders can access CMC Markets’ trading instruments, complex order and account types, account details, screeners, and charting from the Android or iPhone apps. It allows clients to create their own is cmc markets legit layout so that what’s important to them is the first thing they see on the screen, creating a truly personal experience. Apple is another blue chip stock that enjoys considerable popularity.

Podium finisher: Interactive Brokers

There were also improved execution speeds for both IC Markets and Pepperstone, reducing issues such as slippage. Our CMC Markets review found it was the Top forex broker for intermediate forex traders. This is because of the high leverage offered, a strong trading platform, and guaranteed stop-loss orders. Spread betting with CMC Markets has no commission costs, so you will only pay for the spread. CMC Markets allows you to spread bet using the same financial instruments available for CFD trading. This means you can bet on over 11,000 financial markets including 338 forex pairs, 9,000 stocks, 82 indices, 124 commodities, 55 bonds, and over 900 ETFs.

One of the most significant advantages of MT4 is its user-friendly interface, making it easy to use for traders of all experience levels. Additionally, the platform offers customisable charts with various timeframes and chart types. With a wide range of technical analysis tools and indicators, you can customise your charts to match your trading style and preferences. If you’re an intermediate or advanced trader in the forex market, you’ve likely heard of or used MetaTrader 4, also known as MT4. This popular trading platform is widely used by forex traders for its user-friendly interface, advanced charting capabilities, and automated trading options.