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Forex Brokers Rating

CMC Markets

CMC Markets

CMC Markets Broker Information

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  • Jurisdiction: United Kingdom
  • Regulators: FCA
  • Founded: 1989

CMC Markets Quick reference

According to the information on the site, the company has been operating in the market for over 30 years. The broker's team offers clients to trade CFDs on Forex, indices, cryptocurrencies, goods, stocks and treasuries.

Since the company is from the UK, the broker controls the activities of the English regulator FCA. The site provides information on protecting customer funds by storing them in segregated accounts. Traders can also employ technical support services within 5 business days, the contacts of which are indicated on the site.

CMC Markets trading terms

The list of main trading instruments includes metals (silver and gold), contracts for difference, binary options, stocks, Forex. To open a minimum or standard account, the trader pays 100 dollars.

Customers are given the opportunity to work with a professional trading platform - Next Generation. The platform is characterized by the presence of more than 100 technical indicators and paint tools. The platform gives the opportunity to discuss issues through the Chart Forum function. If a user has a need to copy deals, then he/she implements it on the platform.

In addition to the aforementioned platform, traders also get access to the standard MetaTrader4 service. However, this version of the platform is focused on working with the Forex market. Novice users can open a demo account.

CMC Markets trading accounts 

The broker offers customers two options of trading accounts:

  • “Spread betting” account. The leverage is 500: 1. The list of available instruments for trading includes Forex, indices, virtual currencies, commodities.
  • “СFD” account. Similar to the previous leverage. Traders gain access to Forex trading, digital currencies, indices and commodities.

Accounts can be opened in various currencies, except for ruble. Customers can use both telephone and mobile trading.

Registration procedure on the broker's website

Before starting work with the broker, a trader needs to go through the registration procedure. To this end, a user clicks on the “Create Account” button. After clicking, a registration form appears, which consists of three sheets. In addition to answers to standard questions (name and surname, email address), the user needs to answer questions related to the source of income, existence of expertise in the area of trading, permanent level of income.

Having answered these questions, the potential client of the broker sends the data. The link will be sent to the indicated email address to complete the registration process.

In addition to this procedure, a trader needs to go through the verification process. So, the client sends a photo of the identity document. It is necessary to ensure the clarity of the image for confirmation. It is also important to show a document confirming address of client's registration, for example, an extract from the bank. Since the verification process takes a certain amount of time, it is worth preparing the documentation in advance.

Account replenishment and withdrawal of funds with CMC Markets

To replenish a deposit or withdraw funds, traders use credit (or debit) cards. The second option is to use bank transfer.

A trader can register a card for payment in his/her personal account. For example, Visa or Mastercard. According to the information on the site, the broker does not accept AMEX and Diners cards.

Conclusion about CMC Markets

The company is distinguished by its experience in providing trading services in the financial markets. Traders get access to a large number of different assets, as well as a developed trading platform.

However, the broker offers a fairly limited set of options for depositing and withdrawing funds. In addition, you cannot open a trading account using rubles. It is worth getting additional advice regarding working with this broker.

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