CMC Markets

CMC Markets

CMC Markets is a publicly-listed broker that has been around since the late ‘80s. They offer crypto CFDs and in 2019 launched three crypto indices alongside its existing range of forex, shares, and more. While its crypto offering is limited, CMC Markets caters to both novice and experienced traders by offering extensive news, analysis, and educational resources.

CMC Markets

★★★★★ 4/5

In a nutshell

✓ Listed on the London Stock Exchange

✓ Offers crypto pairs and three crypto indices

✓ Next-gen and MT4 platforms for web and mobile

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Pros and Cons

THE BENEFITS

PROs

  • Offers cryptocurrency indices
  • Publicly-listed company (London)
  • Comprehensive educational library
  • Fees are low and rebates are offered
THE DOWNSIDE

CONs

  • Limited range of cryptocurrencies
  • Crypto indices unavailable over weekends
  • A lot of fees which can be difficult to keep on top of

Setting up a new account

Step 1

Click on Create Account, select your country from the drop-down list, and enter and email and password and click ‘Continue’

 

Step 2

Verify your email address with the code sent to your inbox; you will then be redirected to the CMC Markets platform to complete your sign-up

 

Step 3

Complete your personal details (name, address, employment info, etc.) on each screen; finally agree to the risk warning and declaration to complete your sign-up

 

Step 4

To activate your real account you will need to verify some further info and submit your documents; once approved, you can proceed to fund your account

 

What can I trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Shares
  • Baskets
  • Treasuries

 

Fees

  • Spreads and commissions vary by instrument
  • Guaranteed stop-loss order charges
  • Market data fee for Australia and Hong Kong
  • Holding costs (overnight fees)
  • There is an inactivity fee dependent on your account size

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