Here is a closer look at the range of trading features you can expect to find at the broker. This includes a closer look at execution styles, accepted trading techniques, the minimum order size, and more.
CMC Markets is a DMA broker. The acronym means “direct market access”. Just as the name might imply, you may trade directly in the market accessing their prices without using an intermediary such as a dealing desk.
CMC Markets will ensure all their users the best prices available.
CMC Markets has a minimum trade size of 1 micro lot, in other words 0.01 standard lots. This is for forex trading and it implies that you may open positions as low as $1,000, not including leverage. If you decide to add leverage, the amount will be minimized.
CMC Markets does allow scalping and hedging, and as mentioned before, spread betting is only accessible for those who have an account within the UK entity. CMC Markets does not allow algorithmic trading and the use of VPS is prohibited in the platform.
CMC Markets is well aware of the importance of risk management for their clients, and for this reason they offer five different tools.
First, the company has both stop losses and take profits, tools that will insure you against losses and secure gains. Both support guaranteed stop, so you can pre-select your loss price, available for small mark-ups.
The third tool would be limit orders. This way you may ask CMC Markets to buy or sell when the asset you are interested in reaches a specific price.
CMC offers trailing stops as a way to safeguard your profits. You may set your loss limit at a certain percentage according to the asset you are holding. This way, if the price goes up, so does the stop-loss price.
The fifth and last risk management available are margin calls. With this, you will be warned if your equity falls below a fixed level.
CMC Markets offers up to a 500:1 leverage, but it will solely depend on the regulation area you are at, and by all means according to the asset. The maximum leverage on forex major pairs are as following:
- For the EU and UK there is a maximum leverage of 30:1.
- Australian (ASIC) based traders have a top leverage of 30:1
- For Canadian customers there is a leverage of up to 100:1.
- Singaporean clients are offered 20:1 as maximum leverage.
- A maximum leverage of 500:1 is also available for CMC Markets Professional Account. If you have any doubts about this account you may check the account section above.
Platforms & Mobile
Platforms either on desktop or on mobiles for trading on the go, are essential when choosing a broker, and risking your funds. Let’s see what CMC Markets offers.
Charting and Trading tools
Charting and trading tools are provided on every single platform. The company has 81 chart indicators, and 24 drawing tools. On top of that, you may carry out one click trading and set orders directly from the chart. Price alerts are also available.
MetaTrader 4 or MT4 is one of the best trading platforms in the world. This powerful trading platform has over 50 indicators and charting tools. It works with high quality encrypted communications methods between you and the servers.
You may use this platform on your phone, tablet or computer desktops, but not through webtrader. It works on Windows, androids, and iOS systems such as apple phones, tablets or macs.
CMC Markets CFD Next Generation Platform (Proprietary)
The CFD Next Generation Platform, available as a webtrader, is a proprietary platform offered by the broker which is known to be very user-friendly, and intuitive alongside providing you with a wide range of tools and features for a comprehensive trading experience.
This trading platform has all the MetaTrader features that were mentioned above, but it visually improved, and with improved ease of navigation. It works with fast execution, and also provides for a capability to manage your account including making deposits and withdrawals. If you have further questions on deposits and withdrawals, please look for the section above.
CMC Markets Stockbroking Platform (Proprietary)
CMC Markets Stockbroking Platform is another proprietary trading platform with a number of order types available. It only works as a webtrader, a web interface. You may deposit and withdraw.
This platform offers a news section where you can monitor the stock market. Also, note that even though CMC Markets Stockbroking Platform is free, it has the option to pay a $49 monthly subscription in order to access additional features.
CMC Markets Mobile Platform
CMC offers a light mobile platform that can be downloaded on smartphones and tablets, that are either android or iOS systems. You may read news and alerts directly from the platform.
You may customize your layout to suit your needs and goals. It makes the platform even more user friendly and intuitive for traders.
Although CMC Markets offers over 10,000 assets, not all of them are available worldwide. This is because some of the assets may not be within some of the areas or regulations CMC Markets is under.
For the foreign exchange markets, CMC has over 330 currency pairs, including forex futures. All spreads begin from at least 0.3 pips. There are major, minor and emerging forex pairs on CMC Markets.
There are a total of more than 110 commodities, both hard such as gold, and soft commodities such as agricultural wheat, corn, coffee, sugar and soybeans. Energies are also included in this category.
CMC Markets offers not only US, EU and AU indices, it actually has over 30, including Canada, India, Singapore, Taiwan and more.
The spreads begin at 0.9 pips, and there are no requotes or swaps charged.
There are over 4,900 stocks from 29 different stock exchanges around the world, including shares from US, UK, EU and more.
For bonds, CMC Markets has 50 treasuries with bonds from countries like US, EU, Japan, and more.
There are a total of 5 cryptocurrencies available for trading: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
This is a spread betting concept that has over 20 instruments for short term assets. As the company’s website states, there are “competitive payouts of up to 90%”.
You have a timeframe of 30 seconds to decide if you will bet on the ascent or descent of a settlement price. Once you pick the asset and the amount you would like to invest, you may earn or lose funds depending on the price movement.
CMC Markets Active Trader Program
The CMC Markets Active Trader Program offers three different tiers: classic, active investor and premium trader. In the active trader program, you will have lower trading fees.
Additionally, you may acquire certain benefits regarding the trading platform features and additional services, such as:
- Free access to the premium stockbroking platform.
- A free stock screener to filter your equities.
- Help with tax reports.
Social Trading – Copy Trading
CMC Markets does not offer social or copy trading features at the moment. Alongside that, although many brokers might grant their clients the use of trading robots to help determine a decision in MT4 (MetaTrader 4), CMC will not. Trading robots or any feature that tries to duplicate trading positions are not permitted.