Is CMC Markets legit?
Is CMC Markets legit?
CMC Markets is a global CFD and forex broker, founded in 1989. CMC Markets is considered safe because it has a long track record, is listed on a stock exchange, and is overseen by top-tier regulators. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Is CMC good for beginners?
Based on our scoring methodology, CMC Markets is not considered good for beginners. If you’d like to see alternatives, check out our picks for the best brokers for beginners.
What do CMC Markets do?
CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference (CFDs) and foreign exchange across world markets. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Is CMC market regulated by MAS?
CMC Markets is authorised and regulated by the Monetary Authority of Singapore (MAS) and complies with Singapore’s Securities & Futures Act (SFA) to ensure all client funds are protected. As such, CMC Markets clearly distinguishes client money from its own by holding such funds in segregated client bank accounts.
How do CMC Markets make money?
Most of the trading costs at CMC Markets are charged through the spread which is competitive within the industry. The spread is also the way that CMC makes money, specifically through customer trades that “cross” the bid / ask spread.
What are CMC fees?
CMC Markets Invest charges a brokerage fee on mFund transactions. Our current fees are $29.95 or 0.11%, whichever is greater….mFunds pricing.
| Platform | Cost (per month) | Cost waived if |
|---|---|---|
| Pro | $49 | Active Investor or Premium Trader tier receive 3 months complimentary access |
How many clients does CMC Markets have?
We have over 80,000 active clients globally, executing 64.5m spread bet and CFD trades annually (2018-19) on our award-winning trading platform and native mobile apps*.
How does CMC Markets make money?
Who is CMC Markets Stockbroking Limited?
CMC Markets Stockbroking Limited provides proprietary trading platform. The Company offers instruments, including forex, indices, commodities, shares and treasuries. CMC Markets Stockbroking serves customers in Australia.
