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CMC Markets

UK cmcmarkets.com

CMC Markets is a long-established CFD and forex broker founded in 1989. For EU clients, the relevant entity is CMC Markets Germany GmbH, regulated by BaFin. The broker offers access to 13,000 financial instruments through its proprietary web platform, mobile app, MetaTrader 4 and TradingView integration.

Min. Deposit

$0

Max Leverage

1:30

Est.

1989

Regulated by

FCA BaFin ASIC DFSA Other

FXJ Score

4.3

/ 10
Below Average
Regulation 6.5
Platforms 4
Instruments 5.3
Costs 2.8
Funding 2.87

Execution Model

Market Maker

How orders are processed

Segregated Funds

Yes

Client funds held separately

Negative Balance

Protected

You cannot lose more than you deposit

Scalping

Allowed

Short-term high-frequency trading

Pros

  • BaFin-regulated EU entity

  • FCA-regulated UK entity within the wider group

  • Long operating history since 1989

  • FTSE 250-listed group

  • 13,000 financial instruments

  • More than 300 FX pairs on the German site

  • CMC Web Platform and mobile app available

  • MetaTrader 4 available

  • TradingView integration available

  • Segregated client funds

  • Negative balance protection for retail clients

  • No minimum deposit required

  • No scalping restrictions on MT4 account

  • Advanced order types, including guaranteed stop-loss orders

  • Demo account available

Cons

  • Market Maker execution model

  • Not an ECN broker

  • Not an STP broker

  • MT5 not verified for the EU/Germany profile

  • No cTrader support

  • No xStation 5 support

  • Typical spreads are not published

  • Overnight holding costs apply

  • Currency conversion fee applies

  • Market data fees may apply to share and ETF CFDs

  • GSLO premium applies if guaranteed stop-loss orders are used

  • International bank transfers may be charged

  • Professional clients do not benefit from negative balance protection

  • CFD and OTC options trading carries a high risk of loss

Typical Spreads

Varies by account type
EUR/USD Forex

Typical Spread

pips

Min Spread

0.5 pips

GBP/USD Forex

Typical Spread

pips

Min Spread

0.9 pips

USD/JPY Forex

Typical Spread

pips

Min Spread

0.7 pips

S&P 500 Index

Typical Spread

pips

Min Spread

0.5 pips

XAU/USD Commodity

Typical Spread

pips

Min Spread

0.2 pips

Account Currencies

USD EUR Others

Deposit Methods

Bank Transfer
Credit / Debit Card

Withdrawal Methods

Bank Transfer
Credit / Debit Card

Account Types

CFD Trading Account

Standard CFD account for retail clients, providing access to the CMC Markets web platform, mobile app and 13,000 financial instruments.

MT4 CFD Account

Separate MetaTrader 4 CFD account. CMC states that MT4 is compatible only with MT4 and does not provide access to the Next Generation platform or TradingView.

CMC Pro Account

Account for eligible professional clients. Professional clients may access higher leverage but lose certain retail protections, including negative balance protection.

Corporate Account

CFD trading account for businesses, with access to leverage, dedicated customer support, CMC web platform, iOS and Android app, and MT4 availability.

Platforms

MetaTrader 4
MetaTrader 5
cTrader
xStation 5
DXtrade

Instruments

Forex Indices Commodities Stocks ETFs Crypto
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FX Junction Verdict

CMC Markets is a well-established CFD provider with strong regulation, a long track record, a large product range and a capable proprietary platform. Its main strengths are BaFin regulation for EU clients, segregated client funds, negative balance protection, no minimum deposit, broad market access and MT4 availability. The key drawbacks are its Market Maker model, the lack of ECN/STP execution, no cTrader or xStation support, and the fact that typical spreads are not published in a clean CMS-ready format.