CMC Markets Broker Review
CMC Markets is a reliable platform for global CFD and forex brokers. It began operating in 1989 as a trustworthy trading platform. Globally, the platform has been regulated by different authorities, including the UK’s top-tier Financial Conduct Authority (FCA). It is even listed on the London Stock Exchange.
You can find our transparent CMC Markets review below. Broker reviews are updated frequently!
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On CMC Markets, you will find lower forex fees and no charges for withdrawals and deposits, apart from international withdrawals. It offers mobile and web trading platforms that are highly customizable and friendly designed with rich features. While trading with CFDs, you will not be charged a commission. CMC Markets, however, charge a commission on shares.
Brokers never publish their average spreads, but they do publish their minimum spreads. This makes it complex to compare the spreads with the rest of the brokers.
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Some Forex brokers have a minimum deposit requirement. SwissQuotes, for instance, requires a USD 1000 deposit as a minimum deposit. But the brokers like Price Markets have a higher deposit requirement. The industry standard for minimum deposits is USD 200, while the CMC market is based on $0 minimum deposit requirements.
Pros / Cons
- Low Minimum Deposit
- No FSCA Regulation
- No ZAR Account Currency
- Broker Not Verified
Even if CMC does not have a minimum deposit requirement, you still need to have enough money in your CMC account to cover all margin requirements at the time of trading. CMC accepts several funding options, including bank transfer, credit/debit card, e-wallets, and PayPal.
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Heinrich is a forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best forex brokers in Africa. Join him on his Journey!
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