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CMC Markets Stockbroking Account review

Marc Terrano
Marc Terrano
Last updated:  

Execute fast trades with brokerage fees starting from $9.90.

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

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

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 Stockbroking Account?

You can invest in the following products with a CMC Markets Stockbroking Account:

  • Australian shares. Access companies listed across the ASX, SSX and Chi-X.
  • International shares. Access 11 major exchanges 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?

  • Up to date market data. 20-minute delayed market data is available for free, while live data is available for a $10 monthly fee (this is rebated if you make more than 10 trades a month). 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 Stockbroking Account in order to reduce your risk.

What account types are available with CMC Markets?

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

Membership optionDescriptionTo qualifyBrokerage rates
Classic
CMC Markets’ standard platform with low brokerage fees 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 live data, 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 live or 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 Stockbroking Account?

If you need assistance with your CMC Markets Stockbroking 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 Stockbroking 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.

If you have any remaining funds after trade sitting in your CMC Account (which sits with Bank West), you'll be charged an annual broker service fee of 1%. Bank West also charges an account fee of 0.75% for any funds of less than $10,000. So if you have less than $10,000 in the fund, you're charged 1.75% p.a.

The other fees you will have to contend with concern your access to market data. While 20-minute delayed market data is available for free, customers can also choose live data ($10 per month) or 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 Stockbroking Account

The pros

  • Low brokerage fees. With brokerage from as low as $9.90, 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 Stockbroking Account trades are executed in less than one second.

The cons

  • Hefty phone brokerage fee. CMC Markets charges a sizeable phone trade brokerage fee of around $60.
  • Inactivity fee. If you don't make any trades for 12 months, you're charged a dormancy fee of $15 per month for AUD accounts.

How do I apply for a CMC Markets Stockbroking Account

If you'd like to sign up for a CMC Markets Stockbroking 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

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36 Comments

  1. 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 green Go to site button of this page you’re looking at 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, please check out this page. You may use that page as a guide in finding the best online share trading platform.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
  2. 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
  3. 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
  4. 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
  5. 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
  6. Default Gravatar
    Dean
    July 14, 2017

    Good morning, I have traded with Rivkin for over 30 years now. When I ring Rivkin, I get CMC broker. Why?

    Reply
    • Avatarfinder Customer Care
      Rench
      July 15, 2017

      Hi Dean,

      Thanks for reaching out to us. Please note that we are not affiliated with Rivkin/CMC or any company we feature on our site and so we can only offer you general advice.

      From time to time, Rivkin will partner with other service providers in order to offer a complete set of products and
      services to our members.

      Rivkin has a commercial agreement with CMC Markets Stockbroking Limited (CMC MSL). Rivkin members who use their
      stockbroking platform will come into contact with CMC MSL’s products and services.

      Hope this information helped.

      Cheers,
      Rench

      Reply
    • Default Gravatar
      Dean
      July 15, 2017

      Many thanks for the reply. I am thinking it’s time to start looking for another stock broker.

      Reply
    • Avatarfinder Customer Care
      Rench
      July 15, 2017

      Hi Dean,

      No worries. Should you have further questions, please don’t hesitate to reach us out again.

      Thank you for contacting finder today.

      Cheers,
      Rench

      Reply
  7. Default Gravatar
    Scott
    June 20, 2017

    Hello, can I invest in managed funds through this platform? Also can I use Margin to buy a managed fund? Thanks.

    Reply
    • Default Gravatar
      Jonathan
      June 21, 2017

      Hi Scott!

      Thanks for the inquiry.

      CMC Stockbroking Platform allows you to invest in managed funds. You may also buy shares using individually-held electronic funds using a margin loan from a margin loan provider.

      You may contact them to assist you if you need further input.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
  8. Default Gravatar
    Muhammad
    June 14, 2017

    Hi! Does a CMC account give access to trade US listed stocks and ETFs? And if so, can the account be funded in USD or will it be funded in AUD and converted on a per trade basis? Thanks!

    Reply
    • Default Gravatar
      Jonathan
      June 15, 2017

      Hi Muhammad!

      Thanks for the comment.

      Yes! CMC has an access to 9,000 global shares, including 1,000 ETFs, 4,326 of which is US listed stocks.

      As for the funding, it will be based on the home currency (i.e. AUD) of your bank account, credit or debit card, and then converted to the fund where it’s domiciled (i.e. US listed stocks = US dollars).

      You may contact them directly for further assistance.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
  9. Default Gravatar
    Dana
    June 1, 2017

    Can my 16 year old son open share trade account with you?

    Reply
    • Default Gravatar
      Jonathan
      June 1, 2017

      Hi Dana!

      Thanks for the comment.

      Opening a share trade account requires 18 years old and above due to some regulatory requirements.

      Hope this clarifies.

      Cheers,
      Jonathan

      Reply
  10. Default Gravatar
    adrian
    May 11, 2017

    can i do a joint sharetrading with you.

    Reply
    • Default Gravatar
      Arnold
      May 11, 2017

      Hi Adrian,

      Thanks for your inquiry.

      Yes, CMC Markets offers a joint account option. If you need assistance with your CMC Markets Stockbroking Account, you can contact CMC Markets to speak with an experienced representative. Support options include phone, email and live online chat.

      Hope this information helped.

      Cheers,
      Arnold

      Reply
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