CMC Markets Stockbroking Account
monthly fee
standard trade
Execute fast trades and take advantage of a host of award-winning features with a CMC Markets Stockbroking Account.
CMC Markets is a leading provider of online trading services with a successful history dating back more than 20 years. Using CMC Markets, you can trade a wide range of products including shares, CFDs, forex, indices, commodities, and treasuries just to name a few. In fact, in 2014 alone, CMC Markets was used to execute more than 33 million trades.
With a choice of trading platforms, CMC Markets customers can take advantage of a raft of useful features as part of their trading account. CMC Markets has also won multiple industry awards for features like customer satisfaction and overall value for money, marking it as a respected online trading provider.
If you’re looking to trade shares, CMC Markets can offer you the ability to execute fast trades, Australia’s lowest brokerage and a range of research tools. This article is a product review for CMC Markets share trading only.
What can I trade with a CMC Markets Stockbroking Account?
A CMC Markets Stockbroking Account lets you trade the following products:
- 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.
What are the features of this account?
- You can 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 have access to a range of research. CMC Markets offers a wealth of research tools help you make educated trading decisions. This includes course of sales information, market depth, independent research, a stock filter and more.
- 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 option | Description | To qualify | Brokerage rates |
|---|---|---|---|
Classic | CMC Markets’ standard platform with low brokerage fees and a host of features | Make a maximum of 10 trades per month | First 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 reports | Make 11-30 trades per month OR Make more than 5 trades and incur more than $500 in brokerage per month | First 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 reporting | Make more than 30 trades per month | All 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 wide range of education resources is 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 depend on your membership tier, but they can be as low as $9.90 or 0.075% (whichever is greater) for online trades. However, 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 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 about a CMC Markets Stockbroking Account
The pros
- You can look forward to low brokerage fees. With brokerage from as low as $9.90, CMC Markets offers an extremely affordable service.
- Its an award-winning provider. Head to the CMC Markets website to see a full list of the industry awards it has won.
- There's a wide range of trading options. CMC Markets allows you to trade a wealth of products and tailor an investment strategy to suit your needs.
- You can execute fast trades. CMC Markets Stockbroking Account trades are executed in less than one second.
The cons
- Hefty phone brokerage fee. Like many other online trading platforms, CMC Markets charges a sizable phone trade brokerage fee of around $60. Make sure you’re aware of this fee before you place a trade over the phone.
How do I apply for a CMC Markets Stockbroking Account
If a CMC Markets Stockbroking Account offers features that interest you, 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
Do you provide broker reports? If yes, what contents in the report?
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
Can I nominate a settlement account of my choice as my SMSF already has a cash account.
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
I WANT TO USE MY COMPANY MONEY TO TRADE, WHAT INFO DO I REQUIRE.
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
Does CMC allow trading of all shares on the ASX?
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
Good morning, I have traded with Rivkin for over 30 years now. When I ring Rivkin, I get CMC broker. Why?
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
Many thanks for the reply. I am thinking it’s time to start looking for another stock broker.
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
Hello, can I invest in managed funds through this platform? Also can I use Margin to buy a managed fund? Thanks.
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
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!
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
Can my 16 year old son open share trade account with you?
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
can i do a joint sharetrading with you.
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
Dear Staff
I have two questions.
1. By opening a CMC markets stockbroking account (classic), is it possible to trade ETFs such as Vanguard Australian Shares Index Fund in addition to the stocks listed on ASX?
2. What is the minimum cost of opening a CMC markets stockbroking account (classic)? Please mention any deposit fee etc.
Thanks
Hi Sunny,
Thank you for your inquiry.
Sorry for the delayed reply. Yes, the CMC Markets stockbroking account allows trading of ASX-listed ETFs. There is no minimum cost/deposit required to open up a CMC Markets stockbroking account. Although please note that the ASX requires the minimum initial purchase of at least $500 (plus brokerage) of a stock in order to create a holding.
Moreover, there are also no deposit fees when transferring funds into your trading account.
Hope this helps.
Cheers,
May