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Score
Australia
Above 20 yearsRegulated in United Kingdom
Market Making(MM)
Germany Retail Forex License Revoked
Suspicious Overrun
High potential risk
Influence
Add brokers
Comparison
Quantity 14
Exposure
Score
Regulatory Index9.02
Business Index9.34
Risk Management Index0.00
Software Index8.12
License Index8.96
FCA Regulated
Market Making(MM)
FCA Regulated
Market Making(MM)
FMA Regulated
Market Making(MM)
BaFin Revoked
Retail Forex License
AMF Revoked
Retail Forex License
CIRO Regulated
Market Making(MM)
MAS Regulated
Retail Forex License
ASIC Exceeded
Investment Advisory License
BaFin Exceeded
Common fin.
Single Core
1G
40G
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Company Name
CMC Markets Asia Pacific PTY Ltd
Company Abbreviation
CMCMarkets
Platform registered country and region
Australia
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
The platform refused to give access to withdrawal.
The first time I deposited a small amount of money, I withdrew it after 5p, then I added my account to $5685 and withdrew it to pay 20% tax because over 100 million has personal income tax, if I don't pay it, my account will freeze after 24 hours. Money hangs for 1 day
CMCMarkets kept holding off time. It claimed that the withdrawal would be available on the afternoon of the day. I applied for it on Saturday, while it was yet to be received as of Thursday.
Unbale to withdraw. There was a campaign if you deposit you can get bonus at Christmas. But after the campaign, unable to withdraw
Can any department see to this and take the fund back for me?
At first they will allow you to withdraw the capital and the little profit then the next time you deposit and traded it they will hold your account then force you to pay personal income tax. They will ban your account and hold the balance, even if you paid the personal income tax already they have some alibi for you not to withdraw your money and still banned your account. Can you help me to withdraw my money. Thanks a lot.
I was asked to pay margin in wake of wrong account information. After that, CMCMarkets asked me to make up for insufficient credit score, with 10 thousand per score. Having been scammed of 340 thousand, I called the police!
im being helpless trying to contact any legel department of your behlalf no one answerd me is that a legal paper of your legal depratment or not
Criminal gangs. Pls pay attention and free from being cheated. We were cheated of several millions
CMCMarkets’s UnitedFinancial doesn’t allow to withdraw money, suspending my account. After I called the police, the problem has not been processed. CMC shirked the responsibility with the excuse that Feng Hao and Song Ying resigned and the former foreign exchange department disbanded. Of the two people, one ran to Shandong and one hide in Beijing. For four months, the case has not progressed due to various reasons, and the negotiations have been fruitless. I hope everyone will be vigilant.
The withdrawal is unavailable. CMCMarkets banned me to modify the bank account. The APP is not the official one. The interface of the real one is on the second pic. It has banned clients in Chinese mainland to register since last year.
I can't tarde by MT4 with no notification. I didn't know the situation until I called the service customer. However, the service customer didn't know when the MT4 would be available.
I applied for withdrawing my money in August but haven’t received my money yet. I wish to get some support!
The so-called teacher of CMC teaches you how to make money. First, build a group, and then a group of people continue to talk about how good the teacher is, how much money they made, thank the teacher in various ways, and then say how much money they have invested and how much they made. Others followed the investment and even some people borrowed money everywhere to invest. After that, the funds could not be withdrawn, and they contacted customer service. The customer service said that the funds were frozen and needed 10,000 yuan to unfreeze. After that, except for the victims, the scammers were not found.
Registered in | Australia |
Regulated by | FCA, FMA, MAS, IIROC |
Year(s) of establishment | Above 20 years |
Trading instruments | forex, indices, commodities, cryptos and stocks, treasuries, ETFs |
Minimum Initial Deposit | $0 |
Demo account | Yes |
Maximum Leverage | Information not available |
Minimum spread | 0.7 pips onwards for EURUSD |
Trading platform | MT4 and its own platform CMC Markets Invest. |
Deposit and withdrawal method | POLi, PayPal, credit and debit card, plus bank transfers. No cash or cheque. |
Customer Service | 24/5, phone number, address, live chat, social medias |
Fraud Complaints Exposure | No for now |
CMCMarkets is an established brokerage firm registered in Australia and regulated by FCA, FMA, MAS, and IIROC. With over 20 years of experience, they offer a wide range of trading instruments including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders can access their services through the popular MT4 platform as well as CMC Markets Invest. CMCMarkets provides a flexible account structure with no minimum initial deposit requirement and offers a free demo account for practice trading. They have a strong customer support system, available 24/5, and provide various educational resources to assist traders in their financial journey.
CMC Markets is a globally recognized trading platform, rigorously regulated by several top-tier financial authorities including the Financial Conduct Authority (FCA) in the United Kingdom, the Financial Markets Authority (FMA) in New Zealand, the Canadian Investor Protection Fund (CIRO) in Canada, and the Monetary Authority of Singapore (MAS).
These regulations ensure that CMC Markets adheres to strict standards of market making and retail forex trading, offering a secure and transparent trading environment across multiple jurisdictions. This regulatory framework supports CMC Markets' commitment to providing safe and reliable trading services to its clients worldwide.
Pros of CMCMarkets:
Regulatory Compliance: Being registered in Australia and regulated by reputable authorities like FCA, FMA, MAS, and IIROC, CMCMarkets provides a sense of trust and security for traders.
Wide Range of Trading Instruments: With access to forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs, CMCMarkets offers a diverse portfolio for traders to choose from.
Flexible Account Options: CMCMarkets provides a variety of account types, including standard and alpha accounts, catering to different trading preferences and experience levels.
Free Demo Account: The availability of a free demo account allows traders to practice and familiarize themselves with the platform before risking real money.
Multiple Trading Platforms: CMCMarkets supports the widely used MT4 platform, known for its advanced features, as well as their proprietary platform CMC Markets Invest, offering versatility for traders.
Educational Resources: The company offers a comprehensive range of educational resources such as video tutorials, glossary, webinars, eBooks, podcasts, and news analysis to help traders enhance their knowledge and skills.
Customer Support: CMCMarkets provides 24/5 customer support through various channels, including phone, live chat, and social media platforms, ensuring prompt assistance and resolving queries effectively.
Cons of CMCMarkets:
Maximum Leverage Unknown: The lack of information regarding the maximum leverage offered by CMCMarkets can be a limitation for traders who rely on leverage as a trading strategy.
Limited Information on Spreads and Commissions: The absence of detailed information about spreads and commissions may make it challenging for traders to accurately assess the cost of trading on the platform.
Dormancy Fee: CMCMarkets charges a dormancy fee if there is no trading activity for 12 months, which may pose an additional cost for inactive accounts.
Merchant Fees for Deposits: Deposits made via credit or debit cards attract merchant fees, which can add to the overall transaction costs for traders.
Withdrawal Restrictions: The limitation on withdrawing funds only up to the initial deposit amount on the registered card may restrict traders' flexibility in managing their funds.
Limited Availability of Information on Leverage, Deposits, and Withdrawals: The provided information lacks specific details regarding leverage options, minimum deposit requirements, and withdrawal processing times, which may require traders to seek additional clarification.
Pros | Cons |
Regulatory Compliance with FCA, FMA, MAS, IIROC | Maximum Leverage Unknown |
Diverse Trading Instruments across multiple asset classes | Limited Information on Spreads and Commissions |
Multiple Account Options for different trader needs | Dormancy Fee for inactivity over 12 months |
Demo Account for risk-free practice | Merchant Fees for card deposits |
Variety of Platforms including MT4 and proprietary platforms | Withdrawal Restrictions to initial card deposit amounts |
Comprehensive Educational Resources | |
Robust Customer Support available 24/5 |
CMC Markets provides a diverse range of trading instruments to cater to the needs of different traders. With CFD trading, users have the flexibility to go long or short on a variety of assets including forex, indices, commodities, and cryptocurrencies. This allows traders to profit from both rising and falling markets, maximizing their trading opportunities. In addition, CMC Markets offers share investing, enabling users to buy and sell shares and securities across 16 markets. This allows for a comprehensive portfolio diversification and investment in different sectors and industries. Furthermore, CMC Markets provides access to treasuries and ETFs, allowing traders to trade and invest in these financial instruments.
CMC Markets offers competitive spreads for major currency pairs, with a live spread form indicating indicative prices. However, it's important to note that spreads may vary, especially during volatile market conditions. The company adopts a transparent commission structure, with commissions varying depending on the specific instruments traded. Traders can refer to the provided information to determine the commission charges applicable to their trades. It is worth mentioning that commissions are subject to minimum charge requirements, such as the minimum commission charge of US$10 for US shares. Additionally, CMC Markets implements a dormancy fee for accounts with no trading activity for 12 consecutive months, based on the account currency. While this fee promotes account activity, traders who remain inactive may incur additional costs. Traders should carefully consider these factors and evaluate their trading strategies to effectively manage spreads, commissions, and other associated costs.
Account currency | Monthly inactivity fee |
AUD | 15 |
USD | 15 |
HKD | 100 |
Country/market | Commission charge | Minimum commission charge |
Australia | 0.09% | AUD 7.00 |
UK | 0.08% | GBP 9.00 |
US | 2 cents per unit | USD 10.00 |
Austria | 0.08% | EUR 9.00 |
Belgium | 0.10% | EUR 9.00 |
Denmark | 0.08% | DKK 90.00 |
Finland | 0.08% | EUR 9.00 |
France | 0.06% | EUR 5.00 |
CMC Markets offers two live account types, Standard and Alpha, providing traders with options that suit their individual needs. The Standard account offers a unique advantage by providing zero brokerage fee for the first buy order up to $1,000. This feature allows traders to make their initial investment without incurring any brokerage costs. On the other hand, the Alpha account offers lower brokerage fees for most buy and sell orders, providing cost-saving opportunities for active traders. It is important to note that different account types may have specific eligibility criteria or minimum balance requirements, and traders should consider these factors when choosing an account type. Additionally, CMC Markets provides a free demo account, enabling traders to practice and familiarize themselves with the platform before opening a live account. Traders have the flexibility to select the account type that aligns with their trading preferences, taking advantage of the benefits offered by each option.
CMC Markets provides traders with two platform options: MT4 and CMC Markets Invest. MT4 is a widely recognized and popular trading platform known for its extensive range of technical indicators and automated trading tools. It offers a user-friendly interface and provides access to a diverse set of features. On the other hand, CMC Markets Invest is a proprietary platform specifically designed for CMC Markets clients. It offers seamless integration with other CMC Markets services and features, providing a cohesive trading experience. While MT4 has a larger community and third-party plugins, CMC Markets Invest may have a learning curve for new users and a smaller community. Traders can choose the platform that suits their preferences, whether they prefer the familiarity and customization options of MT4 or the integrated features of CMC Markets Invest.
The maximum leverage offered by CMCMarkets is currently unknown. While leverage can provide traders with several advantages, such as greater trading flexibility, potential for higher profits, increased market access, and enhanced trading opportunities, it also comes with certain disadvantages. One of the primary disadvantages is the increased risk exposure, as leverage magnifies both gains and losses. Traders need to exercise caution and implement proper risk management strategies to avoid significant losses. Additionally, the use of leverage requires a good understanding of the market and trading principles to make informed decisions.
The dimension of deposits and withdrawals with CMCMarkets offers several advantages and a few considerations to keep in mind. One of the advantages is the variety of funding options available, including credit/debit cards and bank transfers. The online withdrawal process is convenient, and funds can be withdrawn to registered credit/debit cards. Withdrawal requests are typically processed quickly, ensuring prompt access to funds. Additionally, the overall process is secure to safeguard user transactions.
The educational resources dimension at CMCMarkets offers a range of advantages to traders and investors. They provide a wide variety of educational materials, including videos, webinars, eBooks, podcasts, news, analysis, guides, and more. The availability of different formats ensures that users can choose the learning style that suits them best. Additionally, CMCMarkets has an official YouTube channel where users can find additional video content. The comprehensive resources, such as the glossary and FAQ section, help users understand key concepts and terms. The inclusion of news and analysis keeps users informed about market developments.
You may also visit their official YouTube channel to watch more videos. Here is a video about some basic knowledge that every trader should know.
The customer care dimension at CMCMarkets offers several advantages to users. Firstly, they provide 24/5 contact availability, ensuring that customers can reach out for support during weekdays. The dedicated phone lines for CFD and Share Trading inquiries allow for specialized assistance in each area. Multiple communication channels, including phone, social media platforms like Facebook, Twitter, LinkedIn, and YouTube, offer users flexibility in choosing their preferred method of contact. The convenient customer service hours for Share Trading align with market opening hours, enabling timely assistance. Additionally, the physical office address in Sydney provides customers with a sense of trust and security. CMCMarkets' active presence on popular social media platforms allows users to stay updated and engaged.
In conclusion, CMCMarkets is an Australia-registered company that has established itself as a reputable and regulated broker in the financial industry. With over 20 years of experience, they offer a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders have the flexibility to choose from different account types and access their platform through MT4 or their proprietary platform, CMC Markets Invest. The availability of a free demo account and extensive educational resources further enhance the trading experience for both novice and experienced traders. Customer support is readily available through various channels, ensuring prompt assistance and resolving queries effectively. However, the lack of information on maximum leverage, detailed spreads and commissions, as well as certain fees like the dormancy fee and merchant fees for deposits, could be considered as limitations.
How can I fund my CMCMarkets account?
You can fund your CMCMarkets account by using a credit or debit card or by transferring funds from your bank account. Please note that third-party payments are not accepted, and additional charges may apply for bank transfers from outside of Australia.
What are the trading platforms offered by CMCMarkets?
CMCMarkets provides two trading platforms: MT4 and their own platform called CMC Markets Invest. These platforms offer a range of features and tools to support your trading activities.
Is there a minimum initial deposit required to open an account with CMCMarkets?
No, CMCMarkets does not require a minimum initial deposit. You can start trading with any amount you are comfortable with.
Does CMCMarkets offer a demo account?
Yes.
Does CMCMarkets charge any fees for deposits or withdrawals?
CMCMarkets does not charge any fees for deposit or withdrawal operations. However, please note that payment systems may have their own fees, and internal currency conversion rates may apply.
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