CMC Markets Asia Pacific Pty Limited is regulated by ASIC for the provision of derivative products AFSL No. 238054. CMC Markets Stockbroking Limited is regulated by ASIC for the provision of share trading services AFSL No. 238054
With over 10,000 CFD markets to trade across forex, indices, commodities, shares, ETFs and treasuries*, as well as a wide range of share trading investment products, we give you the chance to develop a diverse portfolio, increasing your potential trading opportunities.
What is CMC Markets？
CMC Markets shines with its ASIC regulation, ensuring trustworthiness, and its provision of the MetaTrader 4 platform, offering advanced trading capabilities. Moreover, its access to IPOs and live chat support further enhances the trading experience. However, the limited information on account types may hinder clarity for traders seeking specific features.
Pros and Cons of CMC Markets？
CMC Markets stands out in the trading industry for several reasons. Regulated by ASIC in Australia, it assures traders of reliability and security. The provision of the MetaTrader 4 platform enhances trading efficiency and flexibility. Additionally, CMC Markets offers access to IPOs, allowing traders to capitalize on new investment opportunities. The inclusion of live chat support further enhances the customer experience, providing immediate assistance when needed. However, one drawback is the limited information available on account types, which may pose challenges for traders seeking specific features or benefits.
Is CMC Markets safe？
Regulation
CMC Markets is licensed by the Australian Securities and Investments Commission (ASIC) with license number 238054.
Safety Measures
Funds deposited by retail clients are typically received by CMC Markets into segregated client money bank accounts. The full value of the client's trading account is then treated as client money, with an equivalent amount maintained in a segregated trust bank account. CMC Markets conducts daily client money reconciliations in accordance with regulatory requirements to ensure that funds held in trust or segregated accounts accurately reflect retail client assets. As a founder of the Australian Retail OTC Derivative Association, CMC Markets uses its own funds for hedging and does not use retail client money for hedging purposes or as working capital for any part of the business.
What are securities to trade with CMC Markets？
CMC Markets offers a wide range of trading instruments, including CFDs, international shares, Australian shares, ETFs, managed funds, options, and warrants.
In the CFD products category, traders can engage in forex trading with over 330 forex pairs using leverage on their CFD platform. Index trading includes access to over 80 cash and forward global indices, such as the FTSE 100, with leverage options. The platform allows trading CFDs on more than 10,000 shares and provides commodity trading with leverage on Gold, Silver, Crude Oil, Natural Gas, and more, featuring spreads as low as 0.2 points and no hidden fees. Rates and bonds trading covers over 50 government bonds and interest-rate instruments with leverage, tight spreads, and fast execution. Additionally, the platform supports cryptocurrency trading, offering leverage on popular cryptocurrencies like Bitcoin, Ethereum, TRON, and NEO.
For share trading, CMC Markets provides access to 15 international markets, enabling investments in global stocks like Apple and Toyota. Aussie shares include ASX-listed options such as ANZ and Rio Tinto, with $0 brokerage on the first buy of each stock under $1,000 each day. Investors can also diversify their portfolios with a wide range of Australian and international ETFs. Managed funds, which require an initial investment of $1,000 to $5,000 depending on the fund, offer professionally managed pools of assets. Options trading allows portfolio control with advanced strategies, while warrants trading offers speculation opportunities on underlying instruments.
Additionally, the platform supports cryptocurrency trading on eight different digital currencies, leveraging over 30 years of industry experience.
CMC Markets Fees Review
CMC Markets provides a transparent fee structure for various trading services.
For the Australian Stock Exchange (ASX), telephone orders incur a brokerage fee of $59.95 for trades up to $20,000, $82.50 for trades between $20,001 and $37,500, and 0.22% for trades over $37,500. On the Sydney Stock Exchange (SSX), previously known as APX, the brokerage fee for telephone orders is $66.00 for trades up to $20,000, $90.75 for trades between $20,001 and $37,500, and 0.22% for trades over $37,500.
Options trading fees vary by method: phone orders are charged $44.00 plus a clearing house fee for trades up to $8,000, and 0.55% plus a clearing house fee for trades over $8,000. Online platform fees are $33.00 for trades up to $10,000 and 0.33% for trades over $10,000.
mFund transactions incur a brokerage fee of $29.95 or 0.11%, whichever is greater.
For US, UK, Japanese, and Canadian listed products ordered online, there is no brokerage fee. However, for online orders of listed products outside Australia, the US, UK, Canada, and Japan, the brokerage fee is $59.95 or 0.59%, whichever is greater.
CMC Markets Platforms Review
CMC Markets offers premier trading platforms designed to meet diverse trading needs:
CFD Trading Platform: The NGEN CFD trading platform combines institutional-grade features and security with lightning-fast execution. It provides best-in-class insight and analysis, ensuring a superior trading experience. You can also access this platform on the go with the CMC Trading mobile app, which offers the full functionality of the web platform. Open, close, or modify trades with ease and explore our comprehensive range of markets from your mobile device.
MetaTrader 4 Platform: Trade with competitive spreads on over 200 instruments, including FX pairs, indices, commodities, and cryptocurrencies. Benefit from fast, automated execution and tier-one market liquidity. With over 30 years of trading expertise and local support, MetaTrader 4 offers a robust trading environment.
Share Trading Platforms: CMC Markets offers CMC Markets Invest, CMC Markets Invest Pro, and CMC Markets Invest Mobile. These platforms allow investors to invest in Australian and international stocks, ETFs, and more, all from a single account.
Research and Education
CMC Markets provides a range of educational resources:
Live Streams & Events: Their suite of in-house and Trade With Precision online live streams, along with regional seminars, are tailored to meet a variety of individual trading needs.
eBooks: Enhance your understanding of the financial markets with the Trading Smart series. These eBooks offer a wealth of information and practical tips to boost your knowledge and help you develop a stronger trading strategy.
Podcasts: Engage with a range of trading topics through their insightful podcasts.
Platform Video Guides: Select CFDs or Stockbroking to access detailed video guides on the platform you are interested in.
Trading Guides: Explore trading-related articles suitable for all experience levels, covering essentials to more technical and strategy-based topics.
Learn Share Trading: Browse their educational content to learn how share trading works and develop your own share trading strategy.
Learn to Trade CFDs: Discover how CFDs work and learn to develop your own CFD trading strategy through their educational materials.
Learn to Trade Forex: Access resources to understand forex trading and create your own forex trading strategy.
Learn to Trade Cryptocurrencies: Find educational content to help you grasp the fundamentals of cryptocurrency trading and develop effective trading strategies.
Customer Service
During business hours, individuals can access live chat or call support for faster assistance. The dedicated team is available from 7:30 am to 7:00 pm (Sydney time), Monday to Friday, catering to general enquiries and share investing support. Additionally, international share trading support operates 24/7, Monday to Saturday mornings, aligned with global market hours.
For crypto trading, support is available 24/7, ensuring continuous assistance for cryptocurrency traders.
Traders can contact CMC Markets via phone at 1300-303-888 for all support inquiries. For overseas calls, the number is +61-2-8221-2100.
Conclusion
CMC Markets stands out for its ASIC regulation, ensuring reliability and security, along with its provision of the MetaTrader 4 platform, offering advanced trading capabilities. These features make it suitable for both experienced traders seeking robust tools and newer investors looking for a trusted platform with comprehensive support.
FAQs
Is CMC Markets a safe platform for trading？
Yes, CMC Markets is licensed and regulated by the Australian Securities and Investments Commission (ASIC). Retail clients' funds are held in segregated client money bank accounts, ensuring their safety. The company conducts daily reconciliations to comply with regulatory requirements, providing an additional layer of security. Moreover, as a founding member of the Australian Retail OTC Derivative Association, CMC Markets uses its own funds for hedging, further safeguarding retail client assets.
Is CMC Markets suitable for beginner traders？
Yes, CMC Markets is an excellent platform for beginners. It offers a user-friendly trading platform along with educational resources to help new traders learn and navigate the markets effectively.
Is CMC Markets a legitimate platform？
Yes, CMC Markets is a legitimate platform. It is licensed and regulated by the Australian Securities and Investments Commission (ASIC) with license number 238054.
Risk Warning
The insights provided are derived from WikiStock's expert analysis of the brokerage's website data and are subject to modification. It's important to note that online trading carries significant risks and may result in the complete loss of invested capital. Therefore, it is essential to fully understand the associated risks before participating in any trading activities.
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