Founded in 1989 in London, CMC Markets is indeed a very experienced player in the forex industry. In 26 years since the founding, they went through a period of global expansion, survived the global financial crisis and managed to attract a lot of traders who still trade with them today. They received over 50 awards in the last two years alone, so the fact that they have Financial Services Provider of the Year and Shares Awards for 2013, 2014 and 2015 in their possession is just the tip of the iceberg. It doesn’t come as a big surprise then that they are also a proud sponsor of Australia’s Super XV Rugby team the NSW Waratahs and Land Rover Ben Ainslie Racing. However, in this CMC Markets Review 2016, we are not going to just scratch the surface. We are here to dig deeper, to see what exactly you get when you open your trading account here and to show you both good and bad sides of this company. If you want the truth about them, continue reading our CMC Markets Review 2016.
CMC Markets Review 2016 | Trading platform
Let’s start with the trading platform, your friend and companion on your trading journey. CMC Markets have their own in-house developed Next Generation platform that represents the latest this industry has to offer. On this platform, you can conduct detailed technical analysis and analyze price movements using over 80 indicators, chart types and drawing tools. Other features that are available are price projection tools, automatically updated module linking and chart forum. With options like 1-click trading, price ladder and boundary orders, it’s really hard not to recommend this platform to everyone. But there is more, because this platform is also available as a mobile app for iPad, iPhone and Android smartphones, with an extra option of mobile charting, which means you can manage trades directly from charts and trade on-the-go. For more information, read our article on CMC Markets Trading Platform, as we are about to move on with this CMC Markets Review 2016.
CMC Markets Review 2016 | Money transfer
Funding your account and withdrawing money is extremely simple with CMC Markets. To transfer money to your account, you can use credit or debit cards like Visa, MasterCard and Maestro. Keep in mind that there is a 1.8% charge for credit card payments, which is a really small amount, when you think about it. Another option to fund your account is by transferring money from your bank account, so you have that to consider, as well. And, as you can read in our article CMC Markets Minimum Deposit, there is no minimum deposit required for opening and activating your account.
Withdrawals are also very easy. To withdraw money from your account, all you have to do is go online and click on the “Payments” icon and then select “Withdrawals”. Just remember that you will have to provide a proof of identity for withdrawal as an extra security measure. Let’s now continue this CMC Markets Review 2016 with account types.
CMC Markets Review 2016 | Account types
CMC Markets offer only one type of account, but there is no need for several options since this account covers everything you need. This also means nothing is hidden from you – you have full access to absolutely everything! You only have to choose in the beginning if you want a spread betting account or a CFD account. With a spread betting account, you get instant access to over 9000 spread bets on forex, commodities, indices and shares and the ability to trade binaries. Margins start at 0.2% and you get cash rebates if you trade in high volumes. Execution is automated, which means there is no dealer involved, and you get a dedicated support service that works 24 hours a day when the markets are open. All of this also applies to your CMC Markets App. There is only one thing left in this CMC Markets Review 2016, so let’s check that out and conclude our analysis.
CMC Markets Review 2016 | Bonus
Let’s finish this CMC Markets Review 2016 with the bonuses you can get from this broker. Everybody loves it when they get some extra money, and here is how to do that with CMC Markets. Traders in the United Kingdom can get a “refer a friend” bonus. All you have to do is introduce somebody new to CMC Markets. You send your code to your friend, you friend then has to open a live account and trade with CMC Markets. That way you both get a £200 bonus added to your account, and the best thing is that you can refer as many people as you like. CMC Market’s specialty are their betting rebates that they provide for trading in high volumes (mentioned previously), so this is also in a way bonus for all new traders. As we already wrote in our article “Is CMC Markets a Scam?”, they are totally honest when it comes to bonuses and extra money, so you have nothing to worry about. Just trade!
CMC Markets Review 2016 | Conclusion
This brings us to the end of our CMC Markets Review 2016. We went through all the main features of this broker, so we’ll sum our impressions up. This company has an excellent in-house-developed platform and apps for all smartphones. Their money transfer system works great and they offer one account type with loads of excellent features. As a final note, we must mention that you can earn £200 by referring a friend. All of this points to a great and well-structured company that will not disappoint you. If you want experience and quality, open an account with them right now!