October 3, 2019
CMC Markets broker's review as a leading provider of CFD quotes

Broker CMC Markets is considered an experienced forex organization that has been on the market for a long time. Users are interested in it because through this broker, they make deals with individuals, and can earn money for themselves. 

Users' opinions were divided. Some believe that it is good to earn and money is withdrawn without problems, and others summarize the fact that it is not necessary to contact him – the maximum, you can withdraw from there a penny that does not pay off labor and invested money.

Broker's description

The broker CMC Markets has been operating since 1989 and is considered one of the best betting providers that has been around for 30 years. 

The firm works legally. Headquartered in London, there are offices in most major cities. The broker provides services to traders from the EU, Southeast Asia, Oceania, and of course in the CIS.

CMC Markets License and Regulation

The broker is licensed by several regulators at once. In particular, licenses were issued:

  • ASIS;
  • OSC
  • BAFIN;
  • THE NFA. 

The presence of a large number of regulators in theory means that the company meets high quality standards, and therefore customers should not worry about the financial condition of the broker.

At the same time, this approach may not be very convenient for the traders themselves. Each regulator sets its own rules, which are mandatory for compliance by the broker. Often they can be absurd or impossible for CIS citizens.

In addition, we should not forget examples when well-known companies left the market leaving traders with nothing. 

One of the most high-profile cases was the case of Icon Group, which had three of the most prestigious licenses, but, as a result, declared bankruptcy and said goodbye to customers "in English".

Icon Group received 3 of the highest and most authoritative licenses in the world, but, in the end, did not pay the trader, not paying about 20,000 dollars, so when choosing a broker pay attention to his reputation among users. 

Complaints and claims

The company has a decent image and, at the moment, does not sue anyone. In any case, there was no information about major scandals in the media.

User reviews

According to users, the table outlines the pros and cons of the CMC Markets broker:

DignityDisadvantages
The app works well in phonesCan slow down web platform and Flash
  Give narrow spreadsNo Russian-speaking support
  Fast payoutsRaises doubts of some users about the jump in prices
There is a Russian version for WindowsThere is no bonus for the first deposit;
Good training and quality technical supportNo interest on the balance
A wide range of products
24/hours a day
A reliable platform for your development

As you can see from the table, there are more pros than disadvantages, but a large percentage of users did not immediately learn to withdraw their money. For many people it does not pay off, so it is desirable to have experience and be able to keep score.

Among users there is an opinion that trading through CMC is made inaccurately because of the filters that the broker puts. The funds that were invested by the trader do not pay off afterwards.

Trading conditions

The main trading instruments of CMC Markets are Treasuries, silver, gold, CFDs, binary options, Spread Betting, forex, stocks. 

Spreads and commission

To run a standard or minimum account, you need $100, and the maximum leverage is 1:100 spread, which is fixed on the basis of the currency from two points. 

Account types

You can open a real or demo type account with these conditions:

  • The minimum deposit is $100;
  • Is the currency of an account in dollars or euros;
  • Maximum leverage to 1:100;
  • Minimum lot-0.1
  • Spread of 2-3 points;
  • You can use copyright indicators or connect trading bots.

For customers from the CIS it will be a pleasant surprise that the balance can be replenished in rubles. The exchange for the currency of the account takes place at the current bank rate.

Stocks and bonuses

The company opens the initial demo account on a free basis to all new customers and traders. 

The broker can offer a bonus in the form of a $250 deposit to your account when you open a real deposit. But this money is withdrawn after you have made the agreed number of bets in order to reach the level of profit.

Trading with CMC Markets

You can trade currencies, as well as use additional earnings: commodities, stocks, indices, which are considered an additional tool. 

Trading platforms

The broker invites its users to use the MT4 terminal to analyze the current market situation and conduct trading, which exists in three options:

  • – mobile app on Android, Apple;
  • A computer program
  • The web version

MT4 is popular with users because it has a very simple interface, which is mastered in just a couple of hours. The MT4 terminal contains all the indicators you put on the chart window with a click of a mouse.

Training

There is a program of training for beginners. The material is presented electronically, as well as webinars and telephone calls are made.  

The analytics section also has useful learning materials:

  • Weekly review
  • A daily review
  • A review from analysts;
  • Is an economic calendar.

Support

The broker's users are traders from all over the world. Therefore, technical support employs specialists who speak Russian, English, Chinese and 15 other languages. Consultants are ready to answer questions from Monday to Friday in 24/7 mode.

Whether to cooperate with the broker is a personal decision of everyone for which he is responsible. It is difficult to work with CMC Markets, as there are complaints about technical support work, incorrect quotes and insufficient spreads.

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