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CMC Markets Invest account review
Pay $0 brokerage on US, UK, Canadian and Japanese shares, plus, buy Aussie shares for $0 brokerage up to $1,000
Finder's rating: 4.7/5
★★★★★
$0
Standard brokerage fee
ASX, NASDAQ, NYSE, AMEX, Euronext, Hong Kong Stock Exchange
Available markets
Phone, Email, Live chat
Support
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Details
| Type of broker |
Online only |
|---|---|
| ASX products |
Shares Exchange traded options Exchange traded funds Warrants TRaCRS |
| Available markets |
ASX NASDAQ NYSE AMEX Euronext Hong Kong Stock Exchange |
| Standard brokerage | $0 |
| Support |
Phone Live chat |
Our verdict
CMC Market was founded in 1989, and is a well established and highly trusted share, forex and CFD broker. While the broker offers a trading platform for both first time investors and seasoned veterans, it certainly favours those who have a bit more technical knowledge.
Overall, this is an award winning broker that offers you a wide range of products at a low cost in most countries as well as education resources and strong customer service for its clientele.
On the downside this broker favours those with slightly higher starting balances on international trades, needing at least $1,000. It also heavily favours those who prefer to trade through the provider instead of over the phone.
Good for
- Low brokerage fees. With $0 brokerage on US, UK, Canadian and Japanese markets and on one ASX trade per day up to $1,000. CMC Markets offers a competitive service.
- Wide range of trading options. CMC Markets allows you to trade a full suite of investment products from shares to managed funds.
- Execute fast trades. CMC Markets Invest account trades are executed in less than 1 second.
Not so great for
- High minimum trade on global shares. There's a $1,000 minimum trade value for all global markets.
- Hefty phone brokerage fee. CMC Markets charges a sizeable phone trade brokerage fee of around $60.
- * High brokerage for some countries. Trading stocks outside of Australia, US, UK, Canada and Japan costs $59.95 or 0.59% in commission..
What can I trade with a CMC Markets Invest account?
You can invest in the following products with a CMC Markets Invest account:
- Australian shares. Access companies listed across the ASX, SSX and Chi-X.
- International shares. Access 15 major markets including the US, Canadian and UK markets. You can trade both international and domestic shares using the same account.
- Funds and options. Diversify your portfolio by investing in other popular products such as managed funds (mFunds), exchange traded funds (ETFs), options and more.
What are the features of this account?
| Fees |
★★★★★ 4.4/5 |
|
| Trading tools |
★★★★★ 2.9/5 |
|
| Research and education |
★★★★★ 2.6/5 |
|
| Available securities |
★★★★★ 5/5 |
|
| Customer support |
★★★★★ 4/5 |
- $0 brokerage share trading. You can trade stocks from the US, UK, Canada and Japan without paying any commission fees.
- Live market data. 20-minute delayed market data is available for free, while live data is $0 for ASX. For dynamic data, a $41.25 monthly fee applies but will be rebated if you make more than 30 trades per month. You can also subscribe to live US market data for $11 per month.
- Access to a range of research. CMC Markets offers top quality research tools help you make educated trading decisions. This includes company information, market depth, independent research and daily analysis from in-house analysts.
- Trade through multiple channels. Trades can be placed online, over the phone or from a CMC Markets app on your Android or iOS tablet or smartphone. Live chat, phone and email support are also available when you need help.
- Hedge your risks with order types. In addition to being able to place limit and at market orders, you can place unlimited free conditional orders through your CMC Markets Invest account to reduce your risk.
What account types are available with CMC Markets?
| Standard | ALPHA | |
|---|---|---|
| First buy order processed on any trading day, up to the value of $1,000 per stock | $0 | $0 |
| Second and each subsequent buy order processed on any trading day, up to the value of $1,000 per stock or buy orders exceeding $1,000 per stock | $11 or 0.10% | $9.90 or 0.75% |
| All sell orders | $11 or 0.10% | $9.90 or 0.75% |
What support and information are available with a CMC Markets Invest account?
If you need assistance with your CMC Markets Invest account, you can contact CMC Markets to speak with an experienced representative. Support options include phone, email and live online chat.
CMC Markets also offers educational resources online, including webinars, trading guides, videos and instructional articles. While many resources are available for free, Premium Trader customers get access to the full range of educational resources.
Fees when using a CMC Markets Invest account
CMC Markets charges $0 brokerage for one ASX trade per day up to $1,000 as well as 0$ brokerage on US, UK, Canadian and Japanese markets. Phone trades will incur a brokerage fee of $59.95 for the ASX and $66 for the Sydney Stock Exchange (SSX).
The other fees concern access to market data. While live market data is available for free, customers can also choose dynamic data ($41.25 per month). However, as the table above shows, these monthly fees will be rebated if you make a certain number of trades each month and move up through the membership tiers.
What are the pros and cons of the CMC Markets Invest account?
Pros
- Low brokerage fees. With $0 brokerage on US, UK, Canadian and Japanese markets and on one ASX trade per day up to $1,000. CMC Markets offers a competitive service.
- Wide range of trading options. CMC Markets allows you to trade a full suite of investment products from shares to managed funds.
- Execute fast trades. CMC Markets Invest account trades are executed in less than 1 second.
Cons
- High minimum trade on global shares. There's a $1,000 minimum trade value for all global markets.
- Hefty phone brokerage fee. CMC Markets charges a sizeable phone trade brokerage fee of around $60.
- High brokerage for some countries. Trading stocks outside of Australia, US, UK, Canada and Japan costs $59.95 or 0.59% in commission.
How do I apply for a CMC Markets Invest account
To sign up for a CMC Markets Invest account, click "apply now" to be securely redirected to an online application form.
Before you start the application process, make sure you have the following information handy:
- Your personal details
- Your tax file number
- Your driver's licence number
- Your linked bank account details
June 12, 2019
Is this the right platform to add my existing share portfolio? I may only buy or sell shares once a year, is this still the right platform for this?
June 15, 2019
Hi Maz,
Thank you for getting in touch with Finder.
Kindly click on the ‘Go to site’ button of this page to be redirected to CMC’s official page and learn more if this is the right one for you.
If you’re still looking around, you can use our comparison table in finding the online share trading platform that suits you. When you are ready, press the ‘Start investing’ button to sign up for an account.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
April 1, 2018
Do you provide broker reports? If yes, what contents in the report?
April 1, 2018
Hi William,
Thanks for getting in touch with finder.
Please note that we are not affiliated with CMC Markets Stockbroking or any company we feature on our site and so we can only offer you general advice.
Once you created an account with them, you should be able to get broker reports. The report mainly includes investment trends.
If you would like to know more about CMC, you can click on the “More info” button found on the upper portion of this article. You’ll then be redirected to their website.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
JOshua
February 7, 2018
Can I nominate a settlement account of my choice as my SMSF already has a cash account.
March 1, 2018
Hi Nick,
Thanks for your inquiry.
With CMC, you would need to use the Bankwest cash account that CMC opens and links as part of your application so you can trade online. Unfortunately, they don’t allow using other cash accounts from other institutions.
Cheers,
May
December 11, 2017
I WANT TO USE MY COMPANY MONEY TO TRADE, WHAT INFO DO I REQUIRE.
December 12, 2017
Hi Graham,
Thank you for your inquiry.
Just to confirm, if you’re going to use the company money, would the application be under your corporate account? If so, in the application form on CMC website, you can choose “Corporate” under the Nature of Account section. Then all the information needed for the Company account will be asked through.
Please click on the “Apply now” button above if you think you’re ready and so you’d be redirected to the application form.
Hope this helps.
Cheers,
May
October 25, 2017
Does CMC allow trading of all shares on the ASX?
October 25, 2017
Hi Brett,
Thanks for your inquiry. Please note that we are not affiliated with CMC Markets or any company we feature on our site and so we can only offer you general advice.
Yes, you can trade Australia Shares, access companies listed across the ASX and APX. You can take advantage of IPOs and placements. The CMC Markets share trading platform gives you access to traditional and ASX Bookbuild IPOs and placements.
I suggest contacting CMC Markets by clicking on the ‘Go to Site’ button on the page for further inquiries.
Best regards,
Rench