CMC Markets Trading Accounts Comparison

Information verified correct on December 3rd, 2016

cmc-stb-logoTrade shares, forex and CFDs with an award-winning provider when you open an online trading account with CMC Markets.

CMC Markets has been offering its award-winning services to customers for more than 25 years. With operations in Australia, Asia, Europe, New Zealand and Canada, CMC Markets offers a choice of two platforms to help you invest in Australian and overseas markets. Its platforms are used by traders in almost 100 countries around the globe.

Opening an account with CMC Markets allows you to trade shares, CFDs, indices, commodities and forex across markets around the world. CMC Markets has also taken out several industry awards, including the award for Best Online Trading Platform from Shares Magazine in 2014.

Other features of CMC Markets include access to more than 330 currency pairs for forex traders, a cheap brokerage rate for online share trading in Australia, and the ability to access more than 10,000 global markets from just one account.

Rates last updated December 3rd, 2016

What can I trade with CMC Markets?

CMC Markets offers an extensive range of trading opportunities, with something to suit a variety of investors. You can trade on over 10,000 markets around the world including:

CFDs

CMC Markets lets you trade more than 10,000 CFDs across shares, indices, commodities, treasuries and currencies.

Shares

You can trade more than 9,000 shares on markets including Australia, USA, Germany, Spain and France.

Indices

Trade cash and forward contracts on 75 major indices from around the globe. Spreads start from 1 point.

Forex

You can trade more than 330 currency pairs and take advantage of tight spreads.

Treasuries

Trade Short Term Interest Rates and government bonds with CMC Markets.

Commodities

Trade commodity CFDs with spreads from as little as 0.4 points.

Warrants

These are listed and traded on the ASX and give you access to underlying assets like indices, currencies and commodities.

Options

Trading options allow you to earn income, generate wealth and hedge against any falls in share prices.

ETFs

Trading ETFs allows you to develop a diversified investment portfolio.

Managed funds

Enjoy rebated entry fees and funds that cover all asset classes with CMC Markets.

IPOs

CMC Markets gives you access to traditional and ASX Bookbuild IPOs.

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What are the features of CMC Markets?

Market data

You can choose from a range of market data options from CMC Markets - 20-minute delayed data is available for free, live data is available for $10 per month (or for free if you place more than 10 trades per month) and dynamic data is $41.25 per month (or free if you place more than 30 trades a month). It also offers you live news free of charge to help you stay up to date with market developments

Research

CMC Markets offers a wide range of tools to help you make informed trading decisions, including more than 20 chart indicators and measurements, free independent research, news and analysis tools, course of sales and market depth information.

Access

CMC Markets allows you to place trades online, over the phone or from its mobile trading platform (available on iPad, iPhone and Android smartphones and tablets). In terms of customer assistance, support is offered via email, over the phone or through live chat.

Order types

As well as at limit and at market orders, you can place unlimited free conditional orders with CMC Markets.

Available markets

From CFDs and shares to forex, commodities and indices, customers can access more than 10,000 products on leading global markets including the NASDAQ, FTSE 100, DOW Jones, ASX and more.

Trading platforms

CMC Markets offers a choice between two trading platforms: the Next Generation CFD trading platform and its award-winning Stockbroking platform.

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What support/information is available with CMC Markets?

CMC Markets offers award-winning support to help you get the most out of your investments. Customer support is available via email, phone and live online chat if you ever need help placing a trade or getting the most out of your account.

An extensive range of educational research is also offered online, starting with a frequently asked questions section to provide instant solutions to any problems you may have. Other tools available include free webinars, videos and articles to help you grasp the finer points of trading.

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What fees will you pay when trading with CMC Markets?

Stockbroking

For Stockbroking account customers, the market data option you choose will affect the fees you have to pay:

  • 20-minute delayed data is available for free.
  • Live data is available for $10 per month (or for free if you place more than 10 trades per month).
  • Dynamic data is $41.25 per month (or free if you place more than 30 trades a month).

Brokerage fees

In terms of brokerage, online share trades of any value attract a fee of $11 or 0.1% (whichever is greater) for customers who place 10 or less trades a month. However, this fee decreases for those customers who place a greater amount of monthly trades, down to $9.90 or 0.075% (whichever is greater) if you place more than 30 trades per month. However, phone orders attract a brokerage fee of $59.95 for trades up to $20,000.

CFD accounts

If you open a CFD trading account you will have to consider the cost of market data subscription fees, which are $20 per month for the Australian market. Holding costs may also apply to CFD positions held open in your account at the end of each trading day. Margin rates start at 0.20% but vary depending on the underlying asset you are trading.

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The pros and cons of trading with CMC Markets

Pros

  • Low brokerage rates. CMC Markets’ brokerage rates are competitive when compared with those offered by other trading platforms.
  • Award-winner. Both the CMC Markets Stockbroking and CFD platforms have won multiple industry awards.
  • Respected provider. With more than 20 years of experience, CMC Markets is a leading name in the online trading industry.
  • Choice of trading options. Access to more than 10,000 products means you can trade across a huge range of assets.

Cons

  • Subscription fees. To access data for stockbroking, you will be required to pay a monthly fee or make a minimum number of trades. When trading CFDs you will have to pay a monthly fee for live market data.
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How do I apply for a CMC Markets account?

It’s easy to apply for a CMC Markets trading account online. Simply compare the accounts above and select one to read more about it. You can open an account by clicking the ‘Go to Site’ buttons above.

In order to open an account you will need to provide:

  • Your personal details
  • Your tax file number
  • Your driver’s licence number
  • Your linked bank account details
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The most important questions about trading with CMC Markets answered

Can I open a trial account?

Yes, CMC Markets allows you to open a free demo account so that you can try out its features before you buy.

Where does CMC Markets hold client money?

All client money is fully segregated with a top-tier Australian bank.

What are some of the awards that CMC Markets has won?

Money Magazine named CMC Markets Australia’s Cheapest Online Broker in 2011, 2012 and 2013. In 2013, Investment Trends named CMC Markets the number-one provider for Overall Client Satisfaction and Most Reliable, Best Features and Easiest to Use.

How many currency pairs are available through CMC Markets?

CMC Markets allows you to trade more than 330 currency pairs.

Can I buy shares over the phone?

Yes, you can place buy and sell share orders over the phone if you wish, although a higher brokerage fee of $59.95 will apply.

What are CMC Markets’ two trading platforms?

CMC Markets provides its Next Generation trading platform for CFD traders, and its Stockbroking platform if you want to buy and sell shares.

How long does it take to process a buy or sell order for shares?

CMC Markets’ trading platform can process trades in less than one second.

What are some of the risks of trading CFDs?

As CFDs are leveraged financial products, any market moves can result in significant effects on your capital - in fact, it’s possible to lose much more than your initial investment. You also never actually own the underlying asset on which a CFD is based.

What shares can I trade CFDs on?

CMC Markets allows you to trade CFDs on shares from Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the Netherlands, the UK and the United States.

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2 Responses to CMC Markets Trading Accounts Comparison

  1. Default Gravatar
    Noel | June 2, 2016

    Is it possible to trade stocks on the Hong Kong stock exchange through CMC market?

    • Staff
      Shirley | June 2, 2016

      Hi Noel,

      Thanks for your question.

      It’s not possible to trade stocks on the Hong Kong stock exchange with CMC Market. You can trade international markets with CMC using ETFs, mFunds, managed funds, LICs or CFDs.

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