Is CMC Markets Scam Or Genuine? Complete cmcmarkets.com Review

CMC Markets Review

Online trading is definitely not a new concept, as it has been around for several decades now. There are a number of brokers that have managed to make a name for themselves in the market during this time. One of the top names that you will come across is CMC Markets, a platform that was first established in the United Kingdom back in 1989. This shows that it has been operating for over two decades now, which is a testament to its reliability. It continues to stand out to this day and you can learn why in this CMC Markets review.

It is also important to note that even though it started in the UK, CMC Markets has expanded itself and is now an international broker. It has offices in Austria, Germany, France, Australia, Canada, Singapore, Spain, Poland, New Zealand, Italy, Sweden, Ireland, and Norway. But, what has helped it grow? Some of its major offerings are discussed in this CMC Markets review.

Regulation and security

The first aspect of the CMC Markets broker that has helped it become one of the top ones in the market is because of its regulation. It is a multi-regulated brokerage and has a license from some of the top-tier regulatory bodies in the market, something that is not easy to do. This regulation means the broker is trustworthy and safe, which has helped it in earning the trust of traders as well. First off, it has a license from the Financial Conduct Authority (FCA) in the UK, as this is where it started.

Other regulatory bodies that oversee the CMC Markets broker include the Monetary Authority of Singapore (MAS), the Australian Securities and Investment Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), the Federal Financial Supervisory Authority (BaFin) in Germany and the Financial Markets Authority (FMA) in New Zealand. The broker is also listed on the London Stock Exchange.

In terms of security, you will find that the deposits you make on the CMC Markets trading platform are kept segregated from corporate funds. You will also benefit from negative balance protection and the broker is transparent about all its activities and policies.

Range of assets

The range of assets that are offered on the CMC Markets trading platform is also a reason that the broker has managed to climb up the ranks and remain on top. There are more than 12,000 assets for you to choose from and these belong to different financial markets. There are not many platforms out there that offer such a whopping variety that can be traded via a single account.

You will find more than 330 forex currency pairs, over 100 commodities, more than 80 indices and there are also 21 cryptocurrencies that you can trade on the CMC Markets trading platform. Suffice it to say, the broker covers almost every market sector, which allows its clients to diversify their trading portfolio as per their preference.

Trading platform

The CMC Markets trading platform offerings are also noteworthy because it has several options for you to choose from. Keeping up with market trends, the broker has provided its clients the option of using the MT4, which is an award-winning trading solution widely used in the market. It is known for its versatility, intuitive nature, and its array of trading tools and features.

But, this is not the only option, as there is also a proprietary CMC Markets trading platform available. You will find desktop, web, and mobile versions of the platform at your disposal and it has added pioneer trading tools and capabilities in the software to assist traders. The platform is also user-friendly, so you do not have to worry about navigation.

Customer support

Whether you are a beginner or a veteran trader, the CMC Markets broker has provided great technical support. You can get in touch with their team 24/5 through phone lines, live chat, and email and they are very helpful and responsive.

Is CMC Markets a scam or genuine?

There is no CMC Markets scam, as it has a spotless track record of more than 2 decades, which shows it is a completely genuine broker that has also earned various awards over the years.

Ending Thoughts

With this CMC Markets review, every trader can see why opting for this broker can be the best decision for their trading career.