Is CMC Markets legit?
Yes, CMC Markets is a legit forex trading.
Average rating: 3.94 / 5
Weighted average rating: 3.87 / 5
Based on 1730 reviews from 7 sources
Friendly, honest, genuine team, always willing to help the most amateur amongst us! Comprehensive platform which works on all technology. Can't rate them highly enough and I received a goodie bag out of the blue for becoming a new customer! "A" star Company.source
Advanced research and educational toolssource
Wide range of trading options. CMC Markets allows you to trade a full suite of investment products from shares to managed funds.source
I used CMC to purchase some shares in the US. I then received a phone call from them informing me that I had 24 hours to sell my shares, or they would be sold for me, and that CMC no longer offered access to the shares I held. I realised a loss of about $10K. DO NOT DEAL WITH THIS COMPANY UNDER ANY CIRCUMSTANCES !!!source
The app was one of the best Iv used until the recent bug, this is taking way too long to be resolved, there’s only a handful of currency pairs & crypto that can be opened without the app crashing. Seriously considering moving my balance if this is not rectified soon!!source
Though educational content at CMC Markets is robust, it lacks progress tracking, quizzes and interactive content.source
CMC Markets has been included in the following lists
CMC Markets is a well-known and reputable online broker that offers a range of financial instruments including forex, indices, commodities, and more. In this article, we will review CMC Markets to determine whether it is a legit forex trading platform.
Quality of service:
CMC Markets is a globally recognized and regulated broker that operates in various countries around the world. It is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). This ensures that CMC Markets adheres to strict rules and regulations to protect its clients' funds and interests.
In terms of the quality of its trading platform, CMC Markets offers a range of user-friendly and advanced platforms to suit different trading styles and levels of experience. Its proprietary platform, Next Generation, is highly rated by users for its fast execution speeds, customizable interface, and advanced charting tools. It also offers the popular MetaTrader 4 platform for those who prefer it.
Reviews from real users:
Overall, CMC Markets has received positive reviews from its clients, with many praising its user-friendly platform, competitive spreads, and reliable execution. However, like any broker, it also has some negative reviews, with some users citing issues with the platform's performance or customer service. It is important to note that every broker will have a mix of positive and negative reviews, and it is important to take all reviews into consideration when evaluating a broker.
CMC Markets offers a range of support channels for its clients, including email, phone, and live chat. Its customer support team is available 24/5 to assist with any issues or queries that clients may have. In our experience, the customer support team is responsive and helpful, and able to resolve issues in a timely manner.
Wide range of financial instruments: CMC Markets offers a wide range of financial instruments including forex, indices, commodities, and more.
Advanced trading platforms: CMC Markets offers a range of advanced trading platforms including its proprietary Next Generation platform and the popular MetaTrader 4 platform.
Competitive spreads: CMC Markets offers competitive spreads on a wide range of instruments, making it an attractive option for traders looking to minimize their trading costs.
Negative balance protection: CMC Markets offers negative balance protection to its clients, ensuring that they cannot lose more money than they have in their account.
Pros & cons:
Regulated by top-tier financial authorities Wide range of financial instruments Advanced trading platforms Competitive spreads Negative balance protection Responsive customer support Cons:
Some users have reported issues with the platform's performance or customer service Conclusion:
Overall, CMC Markets is a legit forex trading platform that is regulated by top-tier financial authorities and offers a wide range of financial instruments, advanced trading platforms, and competitive spreads. It also has negative balance protection and a responsive customer support team. While it has received some negative reviews, it is important to note that every broker will have a mix of positive and negative reviews, and it is important to take all reviews into consideration when evaluating a broker.
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