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CMC Markets Forex and CFD trading
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Trade 10,000+ CFD products with competitive spreads across forex.
CMC Markets offers an award-winning trading platform for new and advanced traders, with access to over 10,000 global products via CFDs. For more than 25 years, this UK derivatives dealer has been helping give investors a trading edge.
With a presence in Europe, Asia, Australia, Canada and New Zealand, CMC Markets offers easy-to-use, intuitive trading platforms and a selection of competitive features. CMC Markets gives you the chance to trade CFDs on more than 9000 global shares and ETFs, with commissions as low as 0.08% (for UK shares). Read on to learn more about CMC Market's trading platforms.
Important
CFDs and forex are risky investment products and most clients lose money trading with this provider. Consider whether this is right for you before making a decision.
0.7 - 1.5 pips
Minimum Spreads for Major Currencies
25+ currencies, cryptocurrency, indices, bonds
Available markets
CFD Next Generation
MetaTrader 4
Platforms
Details
| Type of broker | Online |
|---|---|
| Available markets | 25+ currencies, cryptocurrency, indices, bonds |
| Minimum Spreads for Major Currencies | 0.7 - 1.5 pips |
| Leverage | 1:1 - 500:1 |
| Commission | $0 |
| Minimum opening balance | $0 |
| Minimum Trade Size | 0.01 lots |
| Platforms | CFD Next Generation MetaTrader 4 |
| Support | Phone, email and live chat |
Disclaimer: CFDs and forex are complex financial products that come with a high risk of losing money. Most retail client accounts lose money trading CFDs and forex. Consider whether you can afford to lose your money.
What can I trade with a CMC Markets?
Your CMC Markets trading account gives you access to more than 10,000 global products, including:
- Shares. Access over 9000 global shares in more than 20 markets around the world.
- Indices. Choose from over 90 indices products, including the Australia 200, UK 100 and Germany 30.
- Commodities. More than 100 commodity products available to trade.
- Forex. More than 330 currency pairs are offered to you through CMC Markets.
- Treasuries. Trade on over 55 treasuries products.
- Warrants. Invest in leading Australian companies and other underlying assets.
- Options. These can be used to earn income, generate wealth or even hedge your position in a falling market.
- Exchange Traded Funds (ETFs). Access more than 1000 ETFs.
- mFunds. The ASX’s mFund Settlement Service allows you to invest in unlisted managed funds.
- Managed funds. CMC Markets offers access to funds that cover all asset classes.
- Interest rate securities and bonds. These options offer a steady and secure form of investment.
Features of a CMC Markets trading account
- Market data. CMC Markets provides price data from markets around the world, including the Canadian, German, Swiss, UK and US markets.
- Research. CMC Markets offers a wealth of research tools and resources to help you trade. These include events and seminars, market reports, news and analysis.
- Access. Placing trades through your CMC Markets trading account can be done online, over the phone or using the CMC Markets app on iPhone, iPad or your Android device.
- Next Generation platform. CMC Markets’ Next Generation platform has been built to suit the needs of active traders. It offers advanced research and charting, unlimited free conditional orders and the ability to process orders in less than one second.
- Award-winning charts. The platform offers more than 115 technical indicators and drawing tools, 70 chart patterns and 12 chart types.
- Demo account. The free demo account allows you to practice trading before you commit to trading CFDs.
- Regulated in Australia. CMC Markets is regulated in Australia by the Australian Securities and Investment Commission (ASIC).
What trading platforms are available?
CMC Markets offers one, award-winning platform for CFD and forex traders called the CFD Next Generation platform. This is an advanced, powerful web-based and mobile platform available on compatible iOs and Android devices. It features more than 115 technical indicators and chart types to help with your trading analysis, and a range of useful tools including the price projection tool and pattern recognition tool. You can also connect with other traders via the chart forum, an online trading community enabling you to discuss and share trading insights.
What support/information is available with a CMC Markets trading account?
If you need assistance with a particular trade or with any aspect of your CMC Markets account, it’s easy to get in touch with CMC Markets. Phone, email and live chat support are all available.
There are also plenty of educational resources which CMC Markets you can access in order to improve their trading knowledge. These include instructional articles and videos, trading guides, a blog, events run by market experts and much more, plus a free demo account.
What fees will you pay?
When you trade CFDs or forex using a CMC Markets trading account, you’ll need to consider the spread, which is the difference between the buy and the sell price. In addition, you’ll need to consider the commission charge that applies to your trades. The minimum spread applied to a forex CFD is 0.7 points, with margins from 0.20%. Commission on share CFDs start at 0.10%.
If you want to access CMC Markets’ price data for share CFDs, you may need to pay a monthly subscription fee. While no fee applies when you want to access US data, a $20 fee applies to Australian market data. Finally, keep in mind that holding costs may apply to positions that are held open at the end of a trading day.
How do you fund your account?
| Payment type | Payment type supported | Charge | Transfer time |
|---|---|---|---|
| Direct debit (debit card) |  | 0.6% of transaction | 1-2 days |
| Direct debit (credit card) | | 1% of transaction | 1-2 days |
| POLi | | No charge | Instant |
| Cheque |  | N/A | N/A |
| Cash | | N/A | N/A |
| AMEX / diners | | N/A | N/A |
| Payment over the phone | Only available if your account is approaching margin call | As above | As above |
Pros and cons of using a CMC Markets trading account
Pros
- Reputable provider. CMC Markets has taken out a large number of industry awards for its CFD trading services.
- Trading options. You can trade over 10,000 products on markets around the world.
- Competitive fees. A comparison of CMC Markets’ ongoing fees and commissions reveals that the CMC Markets CFD Account is an affordable trading platform.
Cons
- CFDs are risky. Trading CFDs comes with a wide range of risks - make sure you’re fully aware of these risks before you decide to start trading.
- MetaTrader 4 not available. This platform is the most popular trading platform around the world, and is not supported with CMC Markets.
How do I apply for a CMC Markets trading account?
To apply for a Trading Account from CMC Markets, simply click the ‘Go to Site’ link on this page to be securely redirected to an online application form.
To apply for an account you will need to provide:
- Your name
- Your contact details
- Your tax file number
- Details of your financial background
Of course, it’s vital that you are fully aware of all the risks involved in trading CFDs before you sign up for an account.