CMC Markets Review
CMC Markets is an intuitive platform that offers a core trading experience to serious traders. With the platform, the traders can trade their preferred financial instrument. The platform offers trading in instruments like forex pairs, indices, cryptocurrencies, commodities, shares and ETFs, and treasuries. The entity holds 30 years of experience and is a complete package for experienced and inexperienced traders. Furthermore, the platform aims at offering the best trading experience with the next generation trading technology.
Pros and Cons
Pros
- Several trading opportunities
- Intuitive platform
- Easy to access
- Legitimate and licensed
- Risk management
- Excellent customer assistance
- Safe and secure platform
Cons
- Strict requirements for new traders
CMC Markets Company Details
Website: https://www.cmcmarkets.com/en/
The CMC Markets offers an excellent trading experience and allows globally trading of different financial instruments. The entity is available 24/5 for its clients and is listed on an international stock exchange. The platform also permits the clients to lay lands on leverage and facilitate CFD trading. For new traders, CMC Markets also offers a risk-free demo account. The platform is incredibly passionate about online trading and is a rapidly innovating entity that looks for different ways to upgrade the client’s investment in financial markets.
Countries
CMC Markets offers its services worldwide in different nations. However, in the countries that don’t support trading or where trading is referred to as illegal, the entity does not have its presence.
CMC Markets Trading Platforms
Irrespective of being an expert or a beginner, the “Next Generation” trading platform of the entity can be customized optimally to suit your trading needs and demands.
Next Generation
It is a dynamic trading platform that can be accessed ideally
on mobile and the web. The platform accounts for 115 technical indicators and more than 70 chart patterns. Furthermore, the traders can conduct technical analyses and record different price movements.
MT4
MT4 is every trader’s favorite platform. The traders can trade CFDs on forex, indices and commodities with MT4 at their own comfort. The traders can also opt for a free demo. The platform is the world’s most well-known trading platform that provides features like highly tailormade web and mobile platforms that are well-suited for any trading style. It also accounts for an extensive range of forex, commodity and index instruments.
Mobile Apps
The mobile apps offer excellent functionality of the web platform. With the app in your pocket: open, close, or alter trades with ease and get a detailed analysis of a full range of markets.
Trading Accounts – CMC Markets
The CMC Markets account for demo and live accounts. These accounts are easy to create, and the entire process is completely hassle-free. Those traders who don’t hold much prior experience must consider creating a demo account. It offers an insight into the trading world and helps manage risk.
CMC Markets- Payment Options
The CMC Markets accept cryptocurrencies as a significant payment method. Every registered trader is assigned a crypto wallet. The wallet is majorly encrypted, and therefore the transactions are safe and secure.
CMC Markets- Trading Tools
Although the MT4 platform is enough to satisfy the demands and requirements of multiple retail traders, CMC Markets goes a step further and provides extra tools that upgrade the trading experience.
Client Settlement
The client sentiment feature highlights the percent of CMC Markets clients who have bought with the percent of the clients that have sold a specific financial product. With the feature, the traders can understand other traders’ expectations. Additionally, the individuals can also get an insight into the monetary value of these positions.
Multiple Layouts
The diversified range of platform trading tools also includes multiple layouts, enabling a trader to create and save up to five numerous trading layouts within the platform. It gives individuals a much more extensive trading dashboard. The layout also accounts for switching between layouts quickly through the quick links in the top navigation toolbar.
Pattern Recognition Scanner
A pattern recognition scanner is another feature of the platform. The traders can scan over 120 products every 15 minutes with the scanner. Furthermore, it also helps recognise the flourishing and final chart trading patterns like wedges, channels and head and shoulders formations.
Price Projection Box
A price projection box is formed with technical analysis that helps measure techniques that highlight where the price movement can occur on the instrument’s chart. The traders can use the inbuilt backtesting tool to measure the historical performance of every pattern to see how often the price has hit the projection box.
Module Linking
The module linking feature permits traders to group different modules together. When they alter the product shown in one module, all the other grouped modules will automatically update to display the new product.
CMC Markets- Instruments
The traders can access the market with the entity’s excellent financial instruments.
CFDs
The CMC Markets offers access to over 12,000 different financial instruments. The traders can trade CFDs on their award-winning platform. It provides margins of 3.3% and is 100% automated. The traders can share CFD commissions from 0.10%1 and have comprehensive risk management tools.
CMC Markets Contact and Customer Support
CMC Markets is available 24 hours a day and five days a week for clients. The queries are responded to through their website and application. The traders can also contact them through their registered email address.
Account Opening with CMC Markets
Account opening with CMC Markets is effortless. Potential clients need to visit their website and click on the ‘create account’ tab. Next, the location must be selected, and personal details must be filled in. Lastly, the amount has to be deposited, post which the traders can start trading. Opening a demo account with CMC is also available for those who don’t hold much trading experience.
Conclusion
CMC Markets is a core trading platform with excellent skills and technology that enhances the trading experience. The traders who want to trade in different assets with exceptional trading conditions can consider creating a trading account with CMC Markets.
CMC Markets FAQ
How can I log into my CMC Markets account?
Once the confirmation has been received regarding account opening and you have verified your email address, you can log in through the website. However, to sign in, the individuals need to enter their registered email address and password as used in their application form, then select a live or demo account.
How much initial deposit should I make into my account?
It usually suggests adding £100 the first time you fund your account, as it will provide you sufficient funds to place and maintain a trade.
What is 3D Secure?
3D Secure is a fraud prevention measure, acting as an extra security layer when making card payments online. The individuals will automatically be directed to their issuing bank’s verification page once they deposit funds via plastic cards.
What is the initial withdrawal limit?
Withdrawals with a registered bank account are limitless, but withdrawals to some credit and debit cards and via PayPal may be subjected to certain limits.
Is there any account inactivity charge?
Yes. A monthly charge of £10 will be deducted per dormant account where funds are available if there is no activity in your account.
What are price adjustments?
General price adjustments occur when the listed issuer of security announces share consolidation.
What are the CMC Markets trading platforms?
The platform accounts for Next Generation, MT4, and mobile trading apps.
How do I open an account on CMC Markets?
The potential traders need to click on the ‘create account’ tab available in the top-right corner of the website.
What is the CMC Markets account type?
The platform offers to live and demo accounts for its clients.
What are CMC Markets trading instruments?
Forex, indices, cryptocurrencies, commodities, shares, share baskets, and treasuries are the trading instruments of CMC Markets.