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Compare CMC Markets to alternative brokers

Broker FX Spreads (pips from) Index Spreads Features Markets Offered Active Clients More Info
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
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 Plus 500 Reviews
CFD Service. 80.6% lose money
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
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

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 Key Features

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.
Compare CMC
CMC Markets ReviewsCMC Markets Client Reviews
CMC Markets Expert Review
CMC CEO InterviewComing soon...
PlatformsCMC Markets trading platform MT4, Iress Viewpoint, SmartTrade WebTrader & APIs
CMC Markets UpdatesLatest CMC News, Views, Reviews & Guides
Min DepositNo minimum
Account TypesSpread Betting, CFDs, Forex, Prime Brokerage
Spread TypesFixed and variable
Funding MethodsCredit or debit card, bank transfer, PayPal (coming soon)
Customer SupportPhone, email and messenger
Execution TypeInternally matched, DMA, STP
UK 100 Pricing1 point
Germany 30 Pricing1 point
Wall Street Pricing1.4 points
Bitcoin Pricing60 points
Ether Pricing6 points
EURGBP Pricing1.1 points
EURUSD Pricing0.7 points
GBPUSD Pricing0.9 points
Gold Pricing0.3 points
Oil Pricing3 points
Stock PricingVariable
FCA RegulatedYes - See status
Year Established1989
Active Clients59,000+
Markets available9,500+
Retail AccountsYes
Professional AccountsYes - CMC Pro
Listed PLCYes (LSE) See CMC Markets share price
Country FoundedUK
Inactivity Fee£10 per month after 24 months
Overnight Financing Rates2.5% +/- Libor
Educational MaterialYes
Office Locations15
CMC Markets Alternative BrokersCMC Markets Versus IG
CMC Markets Versus ETX Capital
CMC Markets Versus Core Spreads
CMC Markets Versus Plus 500
CMC Markets Versus Spreadex
CMC Markets Versus Saxo Capital Markets
CMC Markets Versus City Index
CMC Markets Versus Forex.com
CMC Markets Versus Pepperstone
CMC Markets Versus XTB
CMC Markets Versus eToro
CMC Markets Versus ayondo

CMC Markets Client Reviews

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CMC Markets Expert Review

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.

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 than that you should be dealing with a well capitalised broker such as CMC Markets or IG.

You can check out 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 your index exposure or jobbing about in FX, but then have to switch brokers 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 with 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 £50m 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.

CMC Markets Trading Platforms