CMC Review

CMC is an expansive and experienced CFD broker that is based out of the United Kingdom (UK). Starting in 1989, the company has expanded rapidly since and now has offices all over Europe, Asia and North America. CMC is widely considered to be a market innovator, due it to being one of the companies that launched CFD products into the retail market back in 2000. In the world of CFD trading history stands for a lot, so when you choose CMC you know you’re getting a CFD broker that you can count on.

Trading Platforms

When it comes to CFD trading CMC opts for a web-based program that has simplicity at its core. This means that downloaded software isn’t required in order to get up and running, which in itself offers a feel of versatility. In order to access your CFD trading account all you will need is a suitable PC/laptop and a functioning Internet connection. Such web-based platform also comes in mobile form for those who wish to use CMC’s trading platform on a tablet or mobile phone.

The platform itself comes loaded with features, which makes it a leading browser based trading platform. Expect simple customisation, with 1-click trading and automated execution available from the outset. They also utilise a unique and award winning charting service that features a total of 80 different technical indicators.

Account Types

CMC only offers one form of live account, which comes with its very own complimentary demo account. Such account can be opened with a £200 deposit and allows users to have complete access to an award-winning trading platform. It is a platform that has access to over 5,000 products in the form of currencies, indicies, treasuries and commodities. On top of a unique feature set, they also offer cash rebates from users who opt to trade in high volume.

Commissions and Spreads

CMC understands the importance of offering small spreads to clients, with their spreads starting at as little as 0.7pts. However, it should be noted that spreads widen outside of normal market ours when it comes to currencies. This is largely due the fact that trading activity is at minimum during such hours. A unique feature of CMC is that they offer spreads to an additional decimal place, this means that clients get a more accurate idea of the costs that a trade will entail.

Pros

CMC is classed as a new generation platform and it isn’t hard to see why. Their CFD trading account comes loaded with features, and a Trading IQ training program that puts other competitors educational tools in the shade. Their tight spreads are also something that should attract both new and experienced CFD traders to CMC.

Cons

In order to keep your positions open you will need to maintain a £100 cash amount in your account, while the £200 deposit may be considered a little too steep for some. There is also a lack of special offers being offered by CMC, which may put off those new to CFD trading.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.