Important Facts
- Regulatory Authority: Financial Services Authority (FSA UK)
- Instruments: Indices, Stocks, Commodities, Forex
- Features: An easy to use platform with an attractive design with a large amount of instruments available to trade and demo accounts available.
- Minimum Deposits: £100
The Platform
The platform on offer from CMC Markets is very sleek and easy to use. The platform is very newbie friendly and is easy to get gripes with so even the most inexperienced trader should be able to get gripes with the platform. Ordering and placing trades and placing stop losses are a breeze. The charting package on offer on CMC Markets spread betting platform is better than on some of the other competitors package. The platform also incorporates live news into the trading platform which is always nice for those who want to trade on news or momentum. The Spread betting platform is also available for ipad and iphone and on android. The apps for these various mobiles are functional and easy to use, alas there is no application for the Blackberry my smart phone of choice.
Special Features
There aren’t really any unique features to the CMC Markets platform or experience. But the things that CMC Markets does it does well. With both the platform and the charting on the platform being excellent.
Other Features
CMC Markets offer a free demo account for newbies to try their hand at financial spreadbetting as you suspect from a large trading company such as CMC Markets. Also as you would expect from a company of CMC’s size and the educational information provided by the company is of reasonable quality but nothing exceptional. If you deposit £200 into a CMC account, they also offer there users a chance to attend a day seminar in London on trading (was correct at time of writing). Some pretty decent stuff on offer really, but nothing extremely exciting.
Spreads
The spreads available on CMC are generally very competitive on all the various instruments they offer on the website. While some providers may be able to beat the spreads offered by CMC on certain instruments, the spreads offered on the majority of instruments will be up there with the best providers. So anyone who wishes to trade with CMC shouldn’t be put off by the spreads.
Customer Service
The customer service on is pretty much the standard affair when it comes to a spread betting company, 24/5 telephone lines for you to call. A decent complaints procedure which generally see’s you complaint being resolved in a amicable way. Again they are regulated by the FSA so have to be careful how with they deal with customers in order not to be reported to the Financial Ombudsmen.
Regulatory Authority
CMC Markets financial spread betting service is regulated in the UK by the Financial Services Authority. CMC Markets has a pretty good regulatory reputation without any blemishes on their record. Having a much better reputation than many other regulatory authorities throughout the European Union.
Overall, CMC provides a professional spread betting service for customers who reside in the UK. Regulated by the FSA and offering decent spreads, CMC Markets might just represent a good choice for your trading needs.
