Independent rating of Forex broker CMC Markets

About company

Founded in 1989, CMC Markets is headquartered in London, the UK. The forex broker has 13 additional offices in different parts of the world. CMC Markets is proud of the fact that it is listed on the London Stock Exchange. Moreover, the company has 30 years of institutional experience, partnerships in more than 25 countries, and 57,000 clients around the world, as indicated on its official website. CMC Markets' clients include banks, hedge funds, trading desks, and brokers. CMC Markets holds free webinars and provides online training materials for both beginners and experienced investors.

Trading instruments

The broker's clients can benefit from a variety of trading instruments: 300+ Forex pairs, 60+ indices, 9,000+ stocks and ETFs, 90+ commodities, 30+ Treasury bonds, and 15 cryptocurrencies. Besides, the company provides traders with the following services:

• deposit currencies - EUR, GBP, NZD, SGD, USD, AUD;
• automated trading;
• affiliate program;
• wide range of drawing tools for trading charts;
• demo account;
• back office reporting tools;
• bonuses for opening a live account;
• several types of orders;
• two account types.

Trading platform

Forex broker CMC Markets offers its clients trading through the following two platforms: Next Generation and MetaTrader 4. Next Generation provides users with many features of chart analysis, over 100 technical indicators and drawing tools, as well as the pattern recognition scanner. Another novelty is the ability of the platform to assess investor sentiment, which allows clients to find out the number of traders and the value of their positions online. In addition, Next Generation gives customers access to market news and analytics, as well as built-in help and support apps. The second trading platform, MetaTrader 4 (MT4), needs no introduction. Market participants choose it for a large number of technical indicators, extensive testing of trading algorithms, and a wide range of expert advisors (EAs) that help them automate trades.

Support service

CMC Markets' customer support is available 24/5, at a time when the market is open. Traders can contact technical support managers by phone, email, or using a live chat. The company's official website states that 98% of calls are answered in less than 20 seconds.

Traders’ reviews

Almost all traders' reviews of cooperating with CMC Markets are positive. The company's clients note that the reason why they have chosen the broker is its 30-year experience that guarantees reliability. Traders point out that a demo account and numerous training videos turned out to be extremely helpful for them, while a wide choice of trading assets and instruments only spurred them on further cooperation with the broker. However, there are still some negative comments. Investors complain about disruption to the trading platform, cash withdrawal problems, as well as the fact that the support service ignores their requests.

Advantages:

• demo account;
• wide choice of trading instruments;
• bonuses for opening a live account;
• training webinars and video tutorials for traders;
• access to numerous assets.

Disadvantages:

• negative comments about the work of the support service;
• disruption to the trading platform.