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Compare CMC Markets to alternative brokers

Broker FX Spreads (pips from) Index Spreads Features Markets Offered Active Clients More Info
City Index EURGBP:0.8
USDJPY:0.5
GBPUSD:0.8
EURUSD:0.5
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Fixed)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
12,000+ 20,000 Visit City Index Read Expert &  Client City Index Reviews
ETX Capital EURGBP:0.9
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
5,000 10,000 Visit ETX Capital Read Expert & 30+ ETX Capital Reviews
Plus 500 Dynamic Dynamic SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
12,000 155,000 Visit Plus 500 Read Expert & Client Plus 500 Reviews
IG EURGBP:0.9
USDJPY:0.7
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ 195,000 Visit IG Read Expert &  Client IG Reviews
Spreadex EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.6
FTSE: 1pt
DOW: 1.7pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000 n/a Visit Spreadex Read Expert & 50+ Client Spreadex Reviews
Saxo Capital EURGBP:0.8
USDJPY:0.5
GBPUSD:0.8
EURUSD:0.5
FTSE: 1pt
DOW: 1.6pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
19,000 n/a Visit SAXO
Read Expert &  Client SAXO Reviews

xtb

EURGBP:0.1
USDJPY:0.1
GBPUSD:0.1
EURUSD:0.2
FTSE: 0.5pt
DOW: 1pt
DAX: 0.7pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
15,000+ 21,000+ Visit XTB
Read Expert &  Client XTB Reviews
Core Spreads EURGBP:0.6
USDJPY:0.9
GBPUSD:0.9
EURUSD:0.7
FTSE: 0.8pt
DOW: 1pt
DAX: 1pt
(Variable)
SpreadBetting:
CFDs:
MT4:
Listed PLC:
FCA Reg.:
3,000 2,000 Visit Core Spreads Read Expert & Client Core Spreads Reviews

CMC Markets is one of the largest forex, CFD and spread betting brokers in the UK.  They have their own platform and have an active client base of over 58,000 traders.

The company has offices worldwide, but is HQ'd in London. The firm was founded by Peter Cruddas in 1989 and is now listed on the LSE.  The firm is one of the few regulated binary options brokers when it introduced the short term limited risk bets in 2015.

CMC Markets Client Reviews

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CMC Markets Expert Review

CMC Markets are clearly one of the better spread betting brokers. Like IG, they have been around for ages and stand out primarily becuase of their investment in trading systems.  The company started off as Deal4Free back in the old days and won a lot of business from competitors because of tights spreads on the most liquid markets.

Main plus points for CMC Markets

CMC is a public listed company.

This means if you have a lot of money with them you can keep an eye on the share price with a view to reducing your counter-party risk.  Some funds are protected under the FSCS but this stops at around £50,000. If you have more that that you should be dealing with a well capitalised broker such as CMC Markets or IG.

You can check our their share price on Google Finance here (opens new window) - look for the Mkt Cap section for the company valuation.

CMC invests heavily in it's own technology

There has been a recent trend by CFD and forex brokers to try and win business with the use of incentives such as cash bonus top ups and products. However the FCA is putting an end to all that, but the point is CMC Markets have never really got involved in spivvy cash bonuses or offers.  They rely on tight pricing, a stable and innovative trading platform that constantly evolves and good customer service to get and more importantly retain clients.

Market coverage is pretty good.

Of course all brokers offer the most lucrative assets like FX, commodities and index trading as standard. But what makes a spread betting broker or CFD platforms stand out is what else you can trade.  Quite frankly it's a bit of a pain if you are hedging yoru index exposure or jobbing about in FX, but then have to switch brokres if you want to start hedging or trading shares.

CMC's market coverage is pretty good - they offer all the major main market stocks in the UK, US and Europe.  However, they have very little small cap or AIM coverage.  As will all brokers through if there is something specific you want to trade pick up the phone and ask if you can deal - they will probably say yes if the volume and liquidity is there.

High volume rebates

If you are a big trader your can get better spreads in the form of high volume rebates.  The premis is pretty standard and automated. So if you cross the preset threshold you should get an automatic credit back to your account.

  • FX, you need to trade at least £5om in volume
  • Indices, £80m
  • Commodities, £10m
  • No rebates available on equities

Mobile trading as standard obviously

As with their trading platform, CMC has a pretty decent APP and mobile site.  It obviosuly doesn't have the full set of features that the desktop version does, but then who wants to look at that type of stuff on their mobile right?

Mobile trading apps are for checking, closing and opening positions really - a few bells and whistles help, but don't really matter.  The desktop platform is one of the best out there.

Latest CMC Markets Views, News, Reviews & Guides

Broker News

CMC Markets set to embrace MT4

19th July 2018

Broker of the month: City Index, read our expert and client reviews here CMC announces an abrupt change of plan as it introduces MT4 and 5 trading solutions. From a tech geek’s point of view […]