There are no minimum stop-loss or take-profit restrictions – a key requirement for high-volume traders. Powered by Reuters, our filterable market calendar covers all the major economic data releases from around the world, sending you alerts to key trading events on your mobile phone. Watch daily videos from our experts as they share insightful technical analysis on the markets.
Our Take on CMC Markets
In contrast, the Nasdaq spread at 1.0 point and DJIA spread at 1.6 points are closer to industry standard. Some brokers charge a commission, while others are compensated with a spread, or a markup between the price they pay for an asset and what they sell it for. CMC Markets provides traders 156 currency pairs (e.g., EUR/USD) compared to FOREX.com’s 91 available pairs. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that FOREX.com holds 7 global Tier-1 licenses, while CMC Markets holds 5. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Spread betting
- The idea is that you can scan multiple instruments and timeframes for classic chart patterns that may have predictive value.
- CMC Markets Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund.
- CFDs are distributed in Canada by CMC Markets Canada Inc. acting as principal.
- Our CMC Markets review found it was the top forex broker for intermediate forex traders.
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Yes, you can trade on our highly intuitive, award-winning mobile app that gives you access to over 12,000 markets and 40 technical indicators. Set up push, SMS, or email notifications to be alerted to market events or trade executions.
What can I trade on with CMC?
NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are https://traderoom.info/cmc-markets-a-wholly-reliable-brokerage/ based on past market performance, and past performance is not a guarantee of future performance. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry.
Non-Trading Fees
We believe strongly in the power and importance of trader education, especially for beginner forex traders. A minimum spread is the lowest spread that will be shown on the given product. If the underlying market spread widens throughout the trading day, or you are trading out of hours, the platform spread may also widen. The spreads shown are for the first price available for the average market trade/bet sizes in the relevant product.
It’s for traders with a higher than average balance who do not yet meet professional account requirements. MetaTrader is a powerful platform with impressive features but the interface appears dated in comparison with the Next Generation Platform. What distinguishes MetaTrader is its ability to perform strategy backtesting and automated trading. There is a monthly fee of 10 units of your local currency after 12 months of inactivity.
Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Get the functionality of our web platform in your pocket with mobile-optimised charting, full order-ticket features and real-time alerts.
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. Aside from Corporate https://traderoom.info/ and Professional account holders, all traders get access to a demo account with trial funds. Demo account holders can switch to a live account from the demo dashboard, without having to re-register.
CMC Markets is considered a safe broker to hold client assets, including your cash money, as it has a market capitalization of over £375 million as of January 2024 – making it a well-capitalized broker. Investing and trading carry risks; it is important to use a broker that is well-capitalized to reduce your potential counterparty risk. If you live in the U.K., check out the review of CMC Invest at our sister site, UK.StockBrokers.com. CMC Invest is available via mobile on a stand-alone basis with commission-free trading across all account types.
The following tables show a deeper dive into the fees, products, platforms, and features available at CMC Markets. You can also compare this broker’s offerings side-by-side with dozens of the most popular forex brokers in the industry using our Comparison Tool. Since CMC Markets operates in 70+ countries with different regulatory guidelines and varying products offered in particular regions, fees vary. However, overnight trading fees, inactivity fees, and spreads are charged as standard by the broker. In jurisdictions where CMC Markets offers real shares, a commission is charged. Other fees that may apply to Retail CFD and Corporate account holders are additional market data fees.
The Next Generation platform ensures fast, 100% automated execution, complemented by a variety of order types for flexible trade placement and enhanced risk management. This high-speed execution is a feature of CMC Markets thats won multiple awards for Best Trade Execution and Best Trading Technology Provider. CMC Markets has a trust score of 91 based on regulation, reputation, and reviews, making it a highly trusted broker. Use our chart package to search for common technical chart patterns and candle formations on open charts across both long- and short-term time intervals.