CMC Markets Review

CMC Markets Review



CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.To get more news about cmcmarkets review, you can visit wikifx.com official website.

CMC Markets’ proprietary Next Generation trading platform is packed with quality research and innovative trading tools, and CMC Markets finished Best in Class across 11 categories for 2023.
CMC Markets offers over 12,000 CFDs, a large number of forex pairs, and access to international equity markets (such as Australia). CMC Markets also quotes its 158 currency pairs both ways (not just EUR/USD – but also the inverse USD/EUR quote). This unique feature doubles the number of CMC Markets’ available pairs – bringing the total up to 316.
Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
In our 2023 Annual Awards, CMC Markets finished Best in Class in the Commissions and Fees category thanks to its consistently low spread offering, which is available for all customer segments and account types.

Average spreads: CMC Markets offers competitive pricing that ranks above the industry average, with typical spreads of 0.73 pips on the EUR/USD – according to CMC Markets’ price data for August 2021.

Active trader program: CMC Markets recently revised its active trader offering as part of its new Price Plus Scheme. This program allows you to realize discounts on trading costs based on your collected Trading Points. Trading Points are calculated based on the markets you trade and on your overall monthly volumes. Two Trading Points can be earned for every standard lot (100,000 units) traded, for example. In this scenario, an investor would need to trade 1,250 standard lots in a given month to trigger the 20% spread discount available at Tier 4.

Commission-based pricing: In 2022, CMC Markets launched a new pricing structure called FX Active, which charges a commission per trade on top of highly competitive spreads. Rolled out in the Southeast Asia region, as well as in Australia, New Zealand, Canada, and the U.K., FX Active is available on both MT4 and Next Generation platforms.

FX Active’s commission-based pricing comes in at $2.50 per side with minimum spreads of zero pips, resulting in a 0.5 pip all-in cost when trading the EUR/USD and five other currency pairs. For example, the spread on the NZD/USD on CMC Markets’ standard account offering comes in at 1.5 pips, but drops to an all-in cost of 0.5 pips (after commissions) with the FX Active pricing.

It’s always important to examine the average spread – rather than the minimum spread – when comparing spreads and trading costs across different forex brokers. That said, CMC Markets’ average spreads have historically not deviated much from its advertised minimum spreads, which is one of the reasons that we rank CMC Markets highly in this category. FX Active has only further solidified CMC Market’s position as a pricing leader.

Alpha rebates for shares trading: CMC Markets’ Alpha offering (only available in the U.K., New Zealand, Canada, and Australia) provides free access to services such as premium reports, market data, and Trading Central. Alpha consists of three tiers – Classic, Active Investor, and Premium Trader – each with its own trading requirements. The Classic base tier requires 11 trades per month, while the Active Investor tier requires 11-30 trades per month – or five trades with at least $500 in commission spend. Lastly, Premium Trader becomes available if you place more than 30 transactions per month. Each tier comes with a base charge of AUD 9.90 per trade, in addition to respective discounts ranging from 0.1 bps to as little as 0.075 bps for larger trade sizes.

Guaranteed Stop-Loss Order (GSLO): Like many of its peers, CMC Markets offers GSLOs. These orders guarantee the stop-loss order price will be honored, though – like with most brokers – there is a premium for using GSLOs. The extra cost is displayed in the trade ticket window, and CMC Markets refunds this cost automatically if the GSLO is not triggered.