CMCMarkets

Registered in	Australia
Regulated by	FCA, FMA, IIROC, MAS
Year(s) of establishment	Above 20 years
Trading instruments	Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, ETFs, treasuries
Minimum Initial Deposit	Information not available
Maximum Leverage	Information not available
Minimum spread	0.7 pips for EURUSD
Trading platform	MT4, own platform
Deposit and withdrawal method	credit/debit card, POLi and PayPal
Customer Service	Email/phone number/address
Fraud Complaints Exposure	Yes

General information and regulations of CMCMarkets

CMCMarkets is an online forex broker established in Australia with a history more than two decades. Now its well authorized and regulated by multiple regulators.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, ETFs, treasuries.....CMCMarkets allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on CMCMarkets.

Spreads and commissions for trading with CMCMarkets

CMCMarkets offers very detailed information about trading costs, the clients may consult spreads, commissions, holding costs, margins, market data fees in its trading costs section. For example, the spreads for EURUSD is 0.7 pips.

Account Types for CMCMarkets

CMCMarkets does not provide much account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.

In the FAQs section, we noticed that CMCMarkets offers a demo account which will not expire easily.

Trading platforms offered by CMCMarkets

As for trading platforms, CMCMarkets provides several options: MT4, next generation, share trading standard, share trading pro. You may get to know the pros and cons of each platform and make your decision after comparison.

Leverage offered by CMCMarkets

You can't find information about trading leverage on CMCMarkets's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.

Deposit and withdrawal methods and fees

In terms of deposits and withdrawals, CMCMarkets doesnt provide very clear information. In the FAQs section, we can see that possible payment methods are credit/debit card, POLi and PayPal.

Educational resources

A series of educational resources is available at CMCMarkets, such as news, analysis, market outlook, webinars, eBooks, podcasts, video guides, articles, etcetera.

Customer support of CMCMarkets

Below are the details about the customer service.

Language(s): English, Chinese

Service Hours: 24/6

Email: support@cmcmarkets.com.au

Phone Number: 1300 303 888

Address: CMC Markets Asia Pacific PTY Ltd, Level 20, Tower 3, International Towers, 300 Barangaroo Avenue, NSW 2000 - Sydney - Australia

Social media: Facebook, LinkedIn, YouTube, twitter

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of CMCMarkets

Advantages:

Well regulated

MT4

Educational resources

Many instruments available

Demo account

Disadvantages:

Too many complaints

Few information available

No MT5

No copy trading

Frequent asked questions about CMCMarkets

Is this broker well regulated？

Yes, it is currently effectively regulated by FCA, FMA, IIROC and MAS.

How long does a demo account expire？

No, CMCMarkets's demo accounts do not expire.