CMC Markets Account Review

CMC Markets offers a diverse range of account types to cater to various trading preferences and needs. CMC Markets account options are designed to provide traders with flexibility and choice, allowing them to select the one that aligns best with their trading objectives. Whether you're a leverage trader, a casual trader in the UK, someone focused on real stocks, a professional trader, or even a retail business looking to engage in trading, CMC Markets has an account type tailored to suit your requirements.

Account Types

Here's a brief overview of the types of accounts offered:

1. CMC Markets CFD Account. Ideal for leverage traders seeking a wide range of trading opportunities across forex, indices, commodities, treasuries, cryptocurrencies, and shares.

2. CMC Markets Spread Betting Account. Designed for UK casual traders interested in forex, commodities, indices, treasuries, cryptocurrencies, and shares.

3. CMC Markets Stockbroking Account. Perfect for those looking to trade real stocks, mutual funds, warrants, and ETFs across various shares.

4. CMC Markets Professional Account. Tailored for professional traders who require higher leverage and monthly cash rebates.

5. CMC Markets Corporate Account. Suited for retail businesses interested in trading forex, indices, commodities, treasuries, cryptocurrencies, and shares.

Step-by-step registration

1. Visit the CMC Markets website.

2. Click on "Start Trading."

3. Choose your country.

4. Enter your email, create a secure password, and select your preferred trading platform (CMC's platform or MetaTrader 4).

5. Verify your email address by entering the code sent to your email.

6. Complete general information, including selecting your account type and account base currency.

7. Provide personal details, including your date of birth, nationality, and tax status.

8. Enter your address details, including your city of residence and postcode.

9. Provide employment details.

10. Complete your financial background information.

11. Answer questions related to your market knowledge and experience

Account features

CMC Markets CFD Account. Best for Leverage Traders

• Availability. Under FCA, BaFIN, ASIC, MAS, FMA, CIRO (former IIROC).

• Markets. Access to an extensive array of assets, including forex, indices, commodities, treasuries, cryptocurrencies, and shares (13500+ assets, availability varies by location). Please note that shares are not accessible on the MT4 platform.

• Commissions. CMC charges 0.7 pips on forex and a commission starting from $8 on stocks. When trading CFDs, an overnight fee may apply.

• Platforms. CMC Markets platform, MetaTrader 4.

• Trade size. Starting from 1 micro lot.

• Leverage. Up to 1:30 (ASIC, BaFIN, FMA, FCA), up to 1:34100:1 (CIRO), and up to 1:50 (MAS).

• Special features. Depending on eligibility, benefits may include a dedicated relationship manager, cash rebates, spread discounts, or a free MT4 VPS.

• Account opening. Get started with a demo account with no time limit, and there's no minimum deposit requirement for live trading.

CMC Markets Spread Betting Account. Best for UK Casual Traders

• Availability. Under FCA.

• Markets. Explore opportunities in forex, commodities, indices, treasuries, cryptocurrencies, and shares (12000+ assets, availability varies by location).

• Commissions. Spreads start at 0.7 pips for forex, with an $8 commission on stock trades. Spread betting also includes an overnight fee.

• Platforms. Utilize the CMC Markets platform.

• Trade size. Begin from 1 micro lot.

• Leverage. Up to 1:30 for major forex pairs.

• Special features. Enjoy the convenience of no currency conversion fees.

• Account opening. Start with a no-time-limit demo account, and there's no minimum deposit required for a live spread betting account.

CMC Markets Stockbroking Account. Best for Real Stocks Traders

• Availability. Under ASIC.

• Markets. Access real shares, mutual funds, warrants, ETFs (a total of 35,000 shares).

• Commissions. There are no commissions on US, UK, Canadian, and Japanese shares. A fee of $11 (or 0.10%) applies when buying and selling other stocks.

• Platforms. Utilize the CMC Markets platform.

• Trade size. Minimum trade value of $500 AUD for ASX stocks and $1000 AUD for international stocks.

• Leverage. Leverage is not available.

• Special features. The first trade of the day on Australian shares is commission-free up to the value of $1000.

• Account opening. While no stocks demo account is provided, there's no minimum deposit requirement to open a live stockbroking account.

CMC Markets Professional Account. Best for Pro Traders

• Availability. Under ASIC, BaFIN, FCA, and MAS.

• Markets. Explore a wide range of assets, including forex, commodities, indices, treasuries, cryptocurrencies, and shares (12000+ assets, availability varies by location).

• Commissions. Spreads start at 0.7 pips, and stock commissions begin at $8. The Invest Pro platform for professional stock investors requires a $49/month fee.

• Platforms. Use the CMC Markets platform.

• Trade size. Start from 1 micro lot.

• Leverage. Enjoy higher leverage, with monthly cash rebates available.

• Account opening. Open a live account with no minimum deposit requirement.

CMC Markets Corporate Account. Best for Retail Business Trading

• Availability. Under FCA, BaFIN, ASIC, MAS, FMA, CIRO (former IIROC).

• Markets. Access a vast range of assets, including forex, indices, commodities, treasuries, cryptocurrencies, and shares (13500+ assets, availability varies by location).

• Commissions. Spreads and commissions align with other CMC Markets accounts, with spreads starting at 0.7 pips and an $8 commission on shares.

• Platforms. Utilize the CMC Markets platform.

• Trade size. Begin from 1 micro lot.

• Leverage. Leverage options vary, with up to 30:1 (ASIC, FCA), up to 50:1 (MAS), up to 100:1 (CIRO), and up to 500:1 (FMA) available.

• Special features. Enjoy high-level trading tools and cashback rebates based on your location.

• Account opening. There's no minimum deposit required to open a CMC corporate account.

Sources

• CMC Markets. 14.10.2023
• Investopedia. CMC Markets Review. 14.10.2023