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CMC Markets Invest Account review

Enjoy $0 brokerage for global share trading on US, UK, Canada and Japan exchanges.

Finder's rating: 4.7/5

★★★★★

CMC Markets is an online trading services provider with a history dating 30 years. Using CMC Markets Invest Account, you have the option of trading local and international shares, indices, Exchange Trade Options (ETOs), commodities, bonds and more.

Avatar
Marc Terrano
Last Updated

AUD $11 or 0.1%

Standard brokerage fee

ASX, NASDAQ, NYSE, London Stock Exchange, AMEX, Euronext, Hong Kong Stock Exchange, And more

Available markets

Phone, Email, Live chat

Support

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Details

Type of broker Online only
ASX products Shares
Exchange traded options
Exchange traded funds
Warrants
TRaCRS
Available markets ASX
NASDAQ
NYSE
London Stock Exchange
AMEX
Euronext
Hong Kong Stock Exchange
And more
Standard brokerage AUD $11 or
0.1%
Support Phone
Email
Live chat

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 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
To learn how our star ratings are calculated, read the methodology here.
  • $0 brokerage share trading. You can trade stocks from 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.
  • You have 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 in order to reduce your risk.

What account types are available with CMC Markets?

CMC Markets Invest offers three membership options: Classic, Active Investor and Premium Trader.

Membership optionDescriptionTo qualifyASX Brokerage rates
Classic
CMC Markets’ standard platform with low brokerage fees, free live data and a host of featuresMake a maximum of 10 trades per monthFirst 10 trades: $11 or 0.10%
11th to 30th trade: $9.90 or 0.08% 31st+ trade: $9.90 or 0.075%
Active Investor
All the features of Classic plus free access to daily technical analysis emails and technical analysis data, and access to eScreener research reportsMake 11-30 trades per month OR Make more than 5 trades and incur more than $500 in brokerage per monthFirst 10 trades: $9.90 or 0.10%
11th to 30th trade: $9.90 or 0.08%31st+ trade: $9.90 or 0.075%
Premium Trader
All the CMC Markets Active Investor features plus free dynamic data, exclusive access to CMC Premium Client events and educational resources, free tax and portfolio reportingMake more than 30 trades per monthAll trades: $9.90 or 0.075%

What support and information is 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.

A range of educational resources are offered 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

As you can see in the table above, the brokerage fees charged by CMC Markets depends on your membership tier, but they can be as low as $9.90 or 0.075% (whichever is greater) for online trades. Phone trades will incur a brokerage fee of $59.95.

The other fees you will have to contend with concern your 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 demonstrates, 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?

The pros

  • Low brokerage fees. With $0 brokerage on US, UK, Canadian and Japanese markets and $9.90 for ASX shares, CMC Markets offers a competitive service.
  • Award-winning provider. Head to the CMC Markets website to see a full list of the industry awards it has won.
  • 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 one second.

The cons

  • High minimum trade on global shares. There's a $1000 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

If you'd like 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

Your questions answered about CMC Markets Invest

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36 Comments

    Default Gravatar
    Maz
    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?

    Reply
      Avatarfinder Customer Care
      Jeni
      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

      Reply
    Default Gravatar
    William
    April 1, 2018

    Do you provide broker reports? If yes, what contents in the report?

    Reply
      Avatarfinder Customer Care
      Joshua
      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

      Reply
    Default Gravatar
    Nick
    February 7, 2018

    Can I nominate a settlement account of my choice as my SMSF already has a cash account.

    Reply
      Avatarfinder Customer Care
      May
      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

      Reply
    Default Gravatar
    GRAHAM
    December 11, 2017

    I WANT TO USE MY COMPANY MONEY TO TRADE, WHAT INFO DO I REQUIRE.

    Reply
      Avatarfinder Customer Care
      May
      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

      Reply
    Default Gravatar
    Brett
    October 25, 2017

    Does CMC allow trading of all shares on the ASX?

    Reply
      Avatarfinder Customer Care
      Rench
      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

      Reply
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