About the broker
Established in 1989, CMC Markets is regulated by the Financial Conduct Authority (FCA) and offers traders a wide range of trading options. In terms of execution, the broker uses the Market Maker (MM) model, and offers competitive spreads that start from as low as 0.7 pip. This can be attractive to traders looking for low transaction costs.
CMC Markets also provides leverage of up to 1:30, which can increase trading potential, and the minimum account deposit is only $1. In terms of bonuses, the broker offers no deposit bonus or no deposit bonus. Several options are available for deposits and withdrawals, including bank transfer and credit/debit card payments. CMC Markets offers a wide selection of trading instruments, including equities, CFDs (Contract for Difference), gold and silver, commodities, oil, indices, and many major and minor currency pairs, including exotic currencies.
The broker has its own mobile trading platform and its own desktop trading platform. Unfortunately, social trading is not supported. Other features of the broker include scalping and hedging options, segregated bank accounts, and the ability to open an Islamic account for traders who follow Islamic rules regarding finance.