CMC Markets Review 2023: Scam Or Legit? Read This Scam Report

CMC Markets


Min Deposit


Min Spread


Broker Trusted Points


CMC Markets is a leading online trading platform that offers a wide range of financial instruments for traders of all levels. Established in 1989, the company has built a good reputation for providing a user-friendly, reliable and transparent trading experience. The readers will have a lot to know about the brokerage firm through this detailed CMC Markets Review 2023.

With a focus on forex, CFDs and spread betting, the broker offers a diverse range of products and tools for traders to take advantage of global market opportunities.

In this CMC Markets review 2023, we will take a closer look at the features and benefits offered by the broker, as well as any potential drawbacks to be aware of before opening an account.

What Is CMC Markets?

CMC Markets is a global online financial trading platform that provides customers with the ability to trade a wide range of financial instruments, including forex, CFDs, and spread betting.

The company was established in 1989 and is headquartered in London, UK. CMC Markets offers a user-friendly, reliable and transparent trading experience, with a focus on providing a diverse range of products and tools for traders to take advantage of global market opportunities.

It’s a publicly traded company and is listed on the London Stock Exchange. They offer trading in thousands of instruments across multiple asset classes, including forex, indices, commodities, shares, options, and treasuries. They are regulated by multiple regulatory bodies, such as the FCA, ASIC, and IIROC.

Is CMC Markets Scam Or Legit? Check Regulations 

CMC Markets is a highly regulated financial company that abides by the Financial Conduct Authority (FCA) regulations with registration number 173730.

Moreover, its other entities are regulated by authorities, such as CMC Markets Germany is regulated by BaFin, having registration number 154814. 

Our findings from CMC Markets Review 2023 revealed it is a legitimate company and is not a scam. Traders can invest with the firm and trust the facilities to connect with global markets. 

Pros and Cons

Pros Cons
No Fee For Deposits & Withdrawals High stock CFD fees
Wide Range Of Underlying Assets Limited product portfolio
Availability Of Quality Educational & Research Tools
24×5 Professional Customer Support
Advanced Technical & Analytical Tools

What About The Available Trading Accounts & Their Specifications?

CMC Markets allows traders to register with them through their online website. After getting registered, they can choose between a real and a free demo account.

They can have retail investor accounts or professional accounts, whichever they feel comfortable with. In addition, they can choose trading instruments, CFDs, or other derivatives available with the broker.

Here’s a quick overview of the available account types:

Spread Betting Trading Account

In this account, the investors speculate on the price movements of various instruments globally. The account gives traders the right to enjoy a lot of facilities. 

It is available for both retail investors or professional trading accounts. 

They can bet on the market’s rise and fall in prices; in addition, there is no minimum deposit required to begin the trade. Below are the benefits of the trading account: 

  • Cash rebates are available except for shares 
  • Demo account 
  • Negative balance protection for retail traders 
  • Account netting
  • Order boundaries 
  • Price depth ladder
  • Telephone trading 
  • Support during market hours 
  • Professional customer services
  • Analysis tools 
  • Trading platforms 
  • CMC Markets Mobile app

CFD Trading Account 

With CFD trading account, traders can trade on the price movements of the underlying financial assets. They can benefit from the opening and closing price of the trade instruments. 

Similar to the above-mentioned account, CFD accounts could be accessed as professional or retail investor accounts.

These offer a number of benefits for the investors, such as they can start with a minimum of 3.3% of the full value of the market position to open a trade, have to pay no stamp duty on the profits earned from CFDs, and have tight spreads on the 11000 markets available. In addition, the investors can have the following advantages: 

  • Can take a position on the rise and fall of the market
  • Zero minimum deposit required
  • Demo account 
  • Cash rebates 
  • Negative balance trading allowed
  • Order boundaries 
  • Account netting
  • Hedging a physical position
  • Price depth ladder
  • Client support 
  • Telephone trading 
  • CMC Markets mobile app
  • Advanced tools 
  • Trading CFDs

Corporate Trading Account

It is designed for corporate traders who want CFD trading access for their business and be the market maker. The CMC Markets’ account has several advanced facilities to bring the best for corporate traders or businesses. Investors of such accounts have below listed facilities: 

  • Insights from an expert analyst
  • Insights from Reuters and Morningstar 
  • Advanced Charting
  • Guaranteed stop-loss orders
  • Manages risks
  • Allows market position on rising and fall of the market
  • No stamp duty is payable
  • Zero minimum deposit
  • Cash rebates except on shares
  • Negative balance protection 
  • CMC Markets Mobile app
  • Account netting
  • Order boundaries
  • Hedging of physical position
  • Price depth ladder
  • Telephone trading
  • Customer service
  • Trade platforms
  • Charting
  • CMC Markets trading tools
  • Alerts 

How To Open An Account With CMC Markets? 

The traders can easily request for a new live account by visiting the official website – Below, we have mentioned the steps that are followed for opening an account with CMC Markets: 

  • After visiting the website, the first step is to click the start trading option at the top right. Traders then have to select the country they will be trading from and click the continue button. 
  • The next step is to register with an email id and a password, and then traders can choose from spread betting and CFD trading and click on the continue button for further process. 
  • Traders then have to fill in information like name, email, date of birth, address, and contact number. 
  • The fourth step is to answer a few questions regarding the employment status of the trader and experience in the financial market trading and click on the submit button. 
  • Traders receive an email link for verification through third-party video identification. There the clients are asked to show their documents and identity proofs. 
  • Clients have to also upload a residency verification document to the company. 
  • At last, traders have to wait for verification from the CMC Markets and agree to the terms and conditions to begin trading. 

CMC Markets Review 2023: Available Trading Platform

CMC Markets trading platforms are designed for easy-to-use and powerful trading simultaneously. Moreover, these help traders in making strategies and analyzing the market. 

The platforms incorporate professional-grade features, security, lightning-fast execution, analysis, and support for all the market trading strategies. 

It supports MetaTrader4, Webtrader, and Mobile Application softwares as a trading platform. These are the three most popular platforms used worldwide. Through this CMC Markets Review 2023, let’s quickly overview platforms’ specifications. 

MetaTrader4 (MT4)

  • Customizable 
  • 100+ indicators and signals
  • Micro lots from 0.01
  • Trading signals
  • Chart types 
  • Analysis tools
  • Automate trading with algos
  • Easy to download
  • Works with all devices
  • Intuitive  

Web Platform

  • One-click trade
  • Customizable 
  • Multiple screens 
  • Time frames
  • Real-time trade 
  • Price alerts
  • Automated execution
  • Mobile trading 
  • History 


  • One-click trade
  • Real-time updates & market notifications
  • Connects from market
  • Accessible 
  • Optimized charts
  • Client sentiment tracker 
  • Customizable dashboard
  • Topical watchlist
  • News and insights on market

What Can Be Traded On CMC Markets?

Having a wide variety to pick from has always been a satisfying factor in any field. CMC Markets allows traders to select their financial securities for trade from around 11000 complex instruments. Moreover, there are markets to trade and diversify the investors’ portfolios. 

Markets available with CMC Markets are:

  • Indices
  • Forex
  • Commodities
  • Shares
  • ETF trading
  • Treasuries 

CMC Markets Fee, Spreads & Commissions

The broker’s commission charges depend on the client’s country of residence. For countries, there are different commission percent: 

  • UK = 0.10%
  • US = USD 0.02
  • Germany = 0.10%
  • Spain = 0.10%
  • France = 0.10%

Spreads are another charge that traders may have to pay for trading. The spreads are the difference in a trading instrument’s buy and sell price. Traders pay the spreads on their financial instruments to the broker. There are different spread charges for the instruments, like UK 100 has a minimum spread of 1; US 30 has a minimum spread of 2, etc. 

Maximum Leverage 

The broker offers maximum leverage of 1:500 for professional corporate clients and 1:30 for retail clients.  The clients can use the leverage and double their profits; however, they should be aware of the risk involved with it. 

CMC Markets Deposit and Withdrawal

CMC Markets offers a variety of deposit and withdrawal options to its customers. These include:

  • Bank wire transfer: Customers can deposit or withdraw using a bank wire transfer. This method is generally considered to be the most secure, but it can take several days for the funds to be processed.
  • Credit/debit cards: Customers can deposit or withdraw using a credit or debit card. This method is fast and convenient but may be subject to additional fees.
  • E-wallets: CMC Markets accepts e-wallet payments such as Skrill and Paypal, which are fast and convenient and offer instant deposits and withdrawal.
  • Online Banking: Some countries offer online banking options such as Trustly, which enables customers to deposit or withdraw via their online banking account.

It’s important to note that the availability of certain deposit or withdrawal methods may vary depending on the customer’s location and the country’s regulatory framework. And all methods may be subject to certain restrictions or requirements.

Education and Research

CMC Markets is best for learning; traders can educate themselves with the facilities of the broker. There is educational material for enhancing trade knowledge and understanding of the clients.

It is necessary to be updated and have a proper market understanding. A wrong decision of a trader may lead to losing money rapidly. 

  • Articles
  • Demo account
  • Trading platform tutorials
  • Videos 
  • Webinars 

Research is an essential part of the platform; traders can use the facility to analyze the markets and instruments. It will help them have an insight into the trade and market with better knowledge.

Traders can have news before its release in the market, predict the market movements and use the tools to be successful investors. 

Traders have the following research tools: 

  • Next Generations 
  • Interactive charts
  • Trade ideas
  • Analysis tools
  • Economic calendars 

Customer Support Services

CMC Markets offers professional customer service 24×7 to help their clients. Traders can connect with them through various modes and communicate their problems. The professional team of CMC Markets tries its level best to solve the queries. Clients can contact them through: 

Phone number: +44(0)20 7170 8200

Email address: [email protected] 

Moreover, there are other countries’ contact and email addresses available on the website as per the needs of clients, and they can be contacted 24/5. 

Final Verdict On CMC Markets Review 2023

In conclusion of CMC Markets Review 2023, we term it a reputable and well-established online trading platform that offers a wide range of financial instruments for traders of all levels.

The platform is user-friendly, reliable, and transparent and offers a diverse range of products and tools for traders to take advantage of global market opportunities.

Being listed with the London Stock Exchange makes it a preferred choice among traders. The broker offers the best services to its clients due to the listing and is the best service provider in the market. 

However, some of the drawbacks of CMC Markets include higher fees for some of their products and services, and in some cases, the platform may not be suitable for beginners who are just starting to trade.

Overall, CMC Markets is a solid choice for experienced traders who are looking for a reputable and reliable trading platform with a wide range of financial instruments and tools to choose from.


Can I Trust CMC Markets?

It is a well-established online broker that has been in operation since 1989. It is regulated by major financial regulatory bodies such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investment Commission (ASIC), and the Securities and Futures Commission (SFC) in Hong Kong. This means that it is subject to strict regulations and oversight, which can provide some level of assurance for traders regarding the safety of their funds.

Is CMC Good For Beginners?

Its platform is user-friendly and offers a variety of educational resources and tools, which can be helpful for beginners who are new to online trading. The platform offers a user-friendly interface, advanced charting and technical analysis tools, as well as a comprehensive educational section and 24/7 customer support.

The broker offers a free demo account, which allows beginners to practice trading with simulated funds before committing to a live account. This can be a great way for beginners to get a feel for the platform and the markets before risking real money.

Is CMC Commission Free?

The broker operates on a spread-based model, meaning they make money by charging a spread between the bid and ask price of an instrument. This means that the broker does not charge any commission on trades. Instead, it generates revenue by charging a spread.

Does CMC Markets Accept Indian Clients?

It is a well-established online broker primarily focused on serving the European, Australian and Asia Pacific markets, including India. However, it does not have a presence in India.

What Is The Minimum Deposit For CMC?

The minimum deposit for opening an account with CMC Markets varies depending on the type of account you choose.

  • For the standard account, it requires a minimum deposit of £/€/$250.
  • For the professional account, it requires a minimum deposit of £/€/$2,000.
  • The minimum deposit for the Active Trader account is £/€/$10,000.

Can You Withdraw Money From CMC Markets?

Yes, you can withdraw money from your CMC Markets account. The process of withdrawing funds from your account is simple and straightforward. You can request a withdrawal through the platform, which will be processed within a few business days, depending on your chosen withdrawal method.

What Are CMC Markets Withdrawal Fees?

The broker charges withdrawal fees for some of the withdrawal methods they offer. The fees vary depending on the withdrawal method and the country in you are located.

  • For bank wire transfers, it typically charges a fee of £/€/$15 or the equivalent in other currency.
  • For debit/credit card withdrawals, the broker charges a fee of 1.5% of the withdrawn amount, with a minimum fee of £/€/$5 and a maximum fee of £/€/$30 or the equivalent in other currency.
  • For e-wallet withdrawals, it charges a fee of 0.5% of the withdrawn amount, with a minimum fee of £/€/$1 and a maximum fee of £/€/$10 or the equivalent in other currency.

What To Do If You Forget CMC Markets Login Details?

If you forget your login details for your account, you can follow these steps to recover them:

  • Go to the CMC Markets login page and click the “Forgot password” link.
  • Enter the email address associated with your account and click on “Submit.”
  • The platform will send you an email with instructions on how to reset your password.
  • Follow the instructions in the email to reset your password.
  • Once you have reset your password, you should be able to log in to your account.
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