CMC Markets Review
ABOUT CMC MARKETS
CMC Markets is one of the leading online trading companies around the globe and it offers CFDs, and spread betting on a number of global markets. Currently, it has over 80,000 clients that are quite active, numerous trading instruments, and a yearly trade volume which reaches $64.5 million.
Interestingly, CMC Markets is for both novice and veteran traders. So, you don’t need to be an expert on forex and online trading to be able to trade on this company’s online platform.
This reputable trading company is headquartered in London, and it has hubs in places such as Singapore, and Sydney. Given its prominence, it is listed currently on the London Stock Exchange. It was established in 1989 by Peter Cruddas and it was named Currency Management Corporation and it was later abbreviated to CMC.
CMC MARKETS’ REGULATIONS
CMC Markets gets its authorization and regulation from the Financial Conduct Authority (FCA) and its registration number is 173730. It has a branch office in Germany which is monitored by the German supervisory authority. In essence, we fully comply with FCA’s Customer Custody Requirements (CASS).
Thus, you need not worry as this remarkable trading company operates a secure system for all its clients to carry out their trade. Your trading funds are quite safe on their trading system.
PLATFORMS AND TOOLS
The Next Generation trading platform of CMC Markets is reliable, fast, and it comes with impressive features and tools that expert traders will surely love to use. The platform’s features are seen below.
Usability: The design of the Next Generation trading platform is quite excellent given its usability and speed. The layout wizard gives you the option of either using floating or fixed windows. It comes with a series of features that you can easily make use of while trading.
Charting: The Next Generation trading platform of CMC Markets has an efficient charting system. It has 40 drawing tools, 80 technical indicators and studies, and 60 candlestick patterns which can be attached easily.
One of the distinguishable features of the charting experience is the tools for Breakout and Emerging Patterns and they are classified and ranked based on their strength probability and signal. The chart patterns adjust automatically when the time-scale changes. Thus, this enables traders to check from a one-minute to a monthly chart to see any identified patterns respectively.
Automated Trading: The Next Generation CMC Markets trading platform does not have the ability to carry out strategies for automated trading. As much as pattern recognition and social-trading tools are present, traders who wish to run automated trading can use the MT4 platform. However, it is quite restricted to a smaller range of products.
Chart Forum: The CMC Markets trading platform has a chart forum that operates with a social media style that enable you to post technical analyses and also view posts of other traders on a chart directly. It also includes posts from analysts of CMC Markets. It’s similar to a social-trading community.
CMC MARKETS LATEST AWARDS
This excellent trading company has received lots of awards since its foundation. These are the earned awards in 2020:
- Number 1 Web-based Platform (ForexBrokers.com)
- Best Spread Betting and CFD Education Tools (ADVFN International Financial Awards)
- Best White Label Provider (Global Forex Awards)
- Best Retail CFDs Broker (Finance Magnates Awards)
- Best CFD Provider of the Year (Good Money Guild Awards)
- Number 1 Most Currency Pairs (ForexBrokers.com)
- Fairest CFD Broker (Focus Money Awards)
- Best Trading Platform (Brokercheck.de Awards)
- Best Mobile Platform (Investment Trends Germany CFD and FX Trading Report)
The list goes on and on. CMC Markets is one of the prominent online trading companies worldwide and its award winnings clearly affirm this.
CMC MARKET’S EDUCATIONAL MATERIALS
In terms of education and research, CMC Markets is also excellent. It has different educative content that can even be understood by a novice trader.
Research Overview: CMC Markets contain lots of in-house content which includes CMC TV, Insight News, the Opto market intelligence portal, and a print magazine which is bi-monthly. More so, the intelligent portal features podcasts and articles and it also contain third-party content.
Written Content: Also additional written educative articles are posted on the Opto Trading Intelligence portal of CMC Markets. Moreover, there are over 34 articles on forex trading basics and also for advanced forex traders. They also contain strategic guides and content on cryptocurrency trading. Thus, you’ll learn a whole lot about forex trading while being involved in it. In other words, it’s a learn-as-you-go process.
Educational Videos and Podcasts: CMC Markets’ video broadcasting features videos of market analysis and they are quite informative. Thus, this online trading platform relentlessly dishes out content that will be quite helpful to traders while trading.
Furthermore, there are also different types of learning videos and podcasts on CMC Markets’ YouTube channel. Some of these videos are also available on its trading platform and website. In addition to the platform tutorials, there are 17 videos in the learn section of CMC Markets and it is also added to the mobile app of the Next Generation.
Webinars: Also, CMC Markets select excellent webinars throughout an entire week from offices situated in UK, and Australia. These webinars are carried out by Trade with Precision (a third-party provider) and in-house analysts.
Improvement: CMC Markets has a solid base for all its educational materials and there is also room to develop and improve. With quizzes and progress tracking CMC Markets will surely get more efficient in its operations.
CMC MARKETS’ TRADING INFORMATION
CMC Markets offer a seamless trading experience. You can trade on this remarkable online platform via your mobile phone or your desktop. However, the mobile app comes with efficient charting systems, multiple research tools, educational content, and so many other things.
Also, you can use your desktop to access the site to trade, but the mobile app is much more user-friendly.
CMC MARKETS’ CUSTOMER SERVICE
CMC Markets runs a customer service that is available 24/5 (telephone support). Through telephone, you can reach their live brokers. You can also reach them via a chat service.