Global Forex Broker Regulatory Inquiry APP


7.78 /10



Above 20 years

Regulated in United Kingdom

Market Making(MM)

MT4/5 full license

Global Business

Germany Retail Forex License Revoked

Suspicious Overrun

High potential risk


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License Index 8.94
Business Index 9.24
Risk Management Index 0.00
Software Index 8.12
Regulatory Index 8.91
The WikiFX Score of this broker is reduced because of too many complaints!
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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



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Contact number


+43 (0)1 532 1349 0


+1 866 884 2608


+33 (0)1 53 83 14 03


+49 (0)69 22 22 440 00

Broker Information


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WikiFX Risk Alerts 6
Previous Detection : 2023-05-29
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
    CMCMarkets · Company summary
    Registered in Australia
    Regulated by FCA, FMA, MAS, IIROC
    Year(s) of establishment Above 20 years
    Trading instruments forex, indices, commodities, cryptos and stocks, treasuries, ETFs
    Minimum Initial Deposit $0
    Demo account Yes
    Maximum Leverage Information not available
    Minimum spread 0.7 pips onwards for EURUSD
    Trading platform MT4 and its own platform CMC Markets Invest.
    Deposit and withdrawal method POLi, PayPal, credit and debit card, plus bank transfers. No cash or cheque.
    Customer Service 24/5, phone number, address, live chat, social medias
    Fraud Complaints Exposure No for now

    It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

    Pros and cons of CMCMarkets

    Pros of CMCMarkets:

    • Regulatory Compliance: Being registered in Australia and regulated by reputable authorities like FCA, FMA, MAS, and IIROC, CMCMarkets provides a sense of trust and security for traders.

    • Wide Range of Trading Instruments: With access to forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs, CMCMarkets offers a diverse portfolio for traders to choose from.

    • Flexible Account Options: CMCMarkets provides a variety of account types, including standard and alpha accounts, catering to different trading preferences and experience levels.

    • Free Demo Account: The availability of a free demo account allows traders to practice and familiarize themselves with the platform before risking real money.

    • Multiple Trading Platforms: CMCMarkets supports the widely used MT4 platform, known for its advanced features, as well as their proprietary platform CMC Markets Invest, offering versatility for traders.

    • Educational Resources: The company offers a comprehensive range of educational resources such as video tutorials, glossary, webinars, eBooks, podcasts, and news analysis to help traders enhance their knowledge and skills.

    • Customer Support: CMCMarkets provides 24/5 customer support through various channels, including phone, live chat, and social media platforms, ensuring prompt assistance and resolving queries effectively.

    Cons of CMCMarkets:

    • Maximum Leverage Unknown: The lack of information regarding the maximum leverage offered by CMCMarkets can be a limitation for traders who rely on leverage as a trading strategy.

    • Limited Information on Spreads and Commissions: The absence of detailed information about spreads and commissions may make it challenging for traders to accurately assess the cost of trading on the platform.

    • Dormancy Fee: CMCMarkets charges a dormancy fee if there is no trading activity for 12 months, which may pose an additional cost for inactive accounts.

    • Merchant Fees for Deposits: Deposits made via credit or debit cards attract merchant fees, which can add to the overall transaction costs for traders.

    • Withdrawal Restrictions: The limitation on withdrawing funds only up to the initial deposit amount on the registered card may restrict traders' flexibility in managing their funds.

    • Limited Availability of Information on Leverage, Deposits, and Withdrawals: The provided information lacks specific details regarding leverage options, minimum deposit requirements, and withdrawal processing times, which may require traders to seek additional clarification.

    What type of broker is CMCMarkets?

    Advantages Disadvantages
    CMCMarkets offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, CMCMarkets has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

    CMCMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, CMCMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that CMCMarkets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with CMCMarkets or any other MM broker.

    General information and regulation of CMCMarkets

    CMCMarkets is an established brokerage firm registered in Australia and regulated by FCA, FMA, MAS, and IIROC. With over 20 years of experience, they offer a wide range of trading instruments including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders can access their services through the popular MT4 platform as well as CMC Markets Invest. CMCMarkets provides a flexible account structure with no minimum initial deposit requirement and offers a free demo account for practice trading. They have a strong customer support system, available 24/5, and provide various educational resources to assist traders in their financial journey.

    In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

    General information

    Market instruments

    CMC Markets provides a diverse range of trading instruments to cater to the needs of different traders. With CFD trading, users have the flexibility to go long or short on a variety of assets including forex, indices, commodities, and cryptocurrencies. This allows traders to profit from both rising and falling markets, maximizing their trading opportunities. In addition, CMC Markets offers share investing, enabling users to buy and sell shares and securities across 16 markets. This allows for a comprehensive portfolio diversification and investment in different sectors and industries. Furthermore, CMC Markets provides access to treasuries and ETFs, allowing traders to trade and invest in these financial instruments.

     trading instruments

    Spreads and commissions for trading with CMCMarkets

    Advantages Disadvantages
    Competitive spreads for major currency pairs. Spreads are indicative and may vary in volatile market conditions.
    Transparent commission structure for specific instruments. Commissions apply to certain markets, which may increase trading costs.
    Clear information on minimum commission charges. Dormancy fee charged for accounts with no trading activity for 12 months.
    Dormancy fee based on account currency, providing clarity for users. Dormancy fee may be considered a disadvantage for inactive traders.
    Wide range of country-specific commission charges. Commissions vary depending on the country/market, potentially impacting trading costs.

    CMC Markets offers competitive spreads for major currency pairs, with a live spread form indicating indicative prices. However, it's important to note that spreads may vary, especially during volatile market conditions. The company adopts a transparent commission structure, with commissions varying depending on the specific instruments traded. Traders can refer to the provided information to determine the commission charges applicable to their trades. It is worth mentioning that commissions are subject to minimum charge requirements, such as the minimum commission charge of US$10 for US shares. Additionally, CMC Markets implements a dormancy fee for accounts with no trading activity for 12 consecutive months, based on the account currency. While this fee promotes account activity, traders who remain inactive may incur additional costs. Traders should carefully consider these factors and evaluate their trading strategies to effectively manage spreads, commissions, and other associated costs.

    Account currency Monthly inactivity fee
    AUD 15
    USD 15
    HKD 100
    Country/market Commission charge Minimum commission charge
    Australia 0.09% AUD 7.00
    UK 0.08% GBP 9.00
    US 2 cents per unit USD 10.00
    Austria 0.08% EUR 9.00
    Belgium 0.10% EUR 9.00
    Denmark 0.08% DKK 90.00
    Finland 0.08% EUR 9.00
    France 0.06% EUR 5.00
    competitive spreads

    Trading accounts available in CMCMarkets

    Advantages Disadvantages
    Two live account options: Standard and Alpha. Different account types may have varying features and requirements.
    Standard account offers zero brokerage fee for the first buy order up to $1,000. Alpha account may have higher brokerage fees for certain buy and sell orders.
    Alpha account provides lower brokerage fees for most buy and sell orders. Alpha account may have specific eligibility criteria or minimum balance requirements.
    Flexibility to choose an account type based on individual trading preferences. Different account types may have different access to certain features or trading tools.
    Demo account available, allowing users to practice and familiarize themselves with the platform. Account types may have specific terms and conditions, which traders should review before choosing.

    CMC Markets offers two live account types, Standard and Alpha, providing traders with options that suit their individual needs. The Standard account offers a unique advantage by providing zero brokerage fee for the first buy order up to $1,000. This feature allows traders to make their initial investment without incurring any brokerage costs. On the other hand, the Alpha account offers lower brokerage fees for most buy and sell orders, providing cost-saving opportunities for active traders. It is important to note that different account types may have specific eligibility criteria or minimum balance requirements, and traders should consider these factors when choosing an account type. Additionally, CMC Markets provides a free demo account, enabling traders to practice and familiarize themselves with the platform before opening a live account. Traders have the flexibility to select the account type that aligns with their trading preferences, taking advantage of the benefits offered by each option. It's recommended to review the terms and conditions associated with each account type to ensure a comprehensive understanding of the features, costs, and available support.

    live account types

    Trading platform(s) that CMCMarkets offers

    Advantages Disadvantages
    MT4 platform widely recognized and popular. CMC Markets Invest may have a learning curve.
    Access to a wide range of technical indicators and automated trading tools. Limited features compared to CMC Markets Invest.
    CMC Markets Invest offers a proprietary platform. Smaller community and fewer third-party plugins compared to MT4.
    Seamless integration with other CMC Markets services and features. Compatibility limitations with certain operating systems or devices.
    User-friendly interface and intuitive navigation. MT4 platform may require technical knowledge for advanced customization.
    Access to a wide range of trading instruments and market analysis tools. Less frequent updates or improvements compared to CMC Markets Invest.

    CMC Markets provides traders with two platform options: MT4 and CMC Markets Invest. MT4 is a widely recognized and popular trading platform known for its extensive range of technical indicators and automated trading tools. It offers a user-friendly interface and provides access to a diverse set of features. On the other hand, CMC Markets Invest is a proprietary platform specifically designed for CMC Markets clients. It offers seamless integration with other CMC Markets services and features, providing a cohesive trading experience. While MT4 has a larger community and third-party plugins, CMC Markets Invest may have a learning curve for new users and a smaller community. Traders can choose the platform that suits their preferences, whether they prefer the familiarity and customization options of MT4 or the integrated features of CMC Markets Invest.

    platform options

    Maximum leverage of CMCMarkets

    The maximum leverage offered by CMCMarkets is currently unknown. While leverage can provide traders with several advantages, such as greater trading flexibility, potential for higher profits, increased market access, and enhanced trading opportunities, it also comes with certain disadvantages. One of the primary disadvantages is the increased risk exposure, as leverage magnifies both gains and losses. Traders need to exercise caution and implement proper risk management strategies to avoid significant losses. Additionally, the use of leverage requires a good understanding of the market and trading principles to make informed decisions. It's important to note that the lack of information regarding the maximum leverage offered by CMCMarkets may make it difficult for traders to assess the level of risk involved in their trading activities.

    Deposit and Withdrawal: methods and fees

    Advantages Disadvantages
    Multiple funding options (credit/debit cards, bank transfers) Charges for credit card payments (1%) and debit card payments (0.6%)
    Convenient online withdrawal process Additional charges for bank transfers from outside Australia
    Ability to withdraw funds to registered credit/debit cards Limited withdrawal amount to initial deposit
    Withdrawal requests processed quickly Possible requirement for additional information/proof of identity
    Secure withdrawal process

    The dimension of deposits and withdrawals with CMCMarkets offers several advantages and a few considerations to keep in mind. One of the advantages is the variety of funding options available, including credit/debit cards and bank transfers. The online withdrawal process is convenient, and funds can be withdrawn to registered credit/debit cards. Withdrawal requests are typically processed quickly, ensuring prompt access to funds. Additionally, the overall process is secure to safeguard user transactions. However, it's important to note that there are charges associated with credit card (1%) and debit card (0.6%) payments. Additional charges may apply for bank transfers from outside Australia. Moreover, withdrawals are limited to the initial deposit amount on the registered card, and there may be a requirement for additional information or proof of identity. Despite these considerations, the deposits and withdrawals dimension of CMCMarkets provides flexibility and efficiency for users managing their trading accounts.

    deposits and withdrawals

    Educational resources in CMCMarkets

    Advantages Disadvantages
    1. Wide range of educational resources available 1. Some resources may require additional fees or charges
    2. Diverse formats including videos, webinars, eBooks, etc. 2. Information overload can be overwhelming for beginners
    3. Official YouTube channel for additional video content 3. Lack of personalized guidance or mentorship
    4. Comprehensive resources such as glossary and FAQ 4. Quality of educational content may vary
    5. News and analysis provide up-to-date market insights 5. Self-directed learning requires discipline and effort
    6. Accessible for users to enhance their knowledge

    The educational resources dimension at CMCMarkets offers a range of advantages to traders and investors. They provide a wide variety of educational materials, including videos, webinars, eBooks, podcasts, news, analysis, guides, and more. The availability of different formats ensures that users can choose the learning style that suits them best. Additionally, CMCMarkets has an official YouTube channel where users can find additional video content. The comprehensive resources, such as the glossary and FAQ section, help users understand key concepts and terms. The inclusion of news and analysis keeps users informed about market developments. Overall, these educational resources are easily accessible and can greatly enhance users' knowledge and understanding of the financial markets.

    You may also visit their official YouTube channel to watch more videos. Here is a video about some basic knowledge that every trader should know.

    educational resources

    Customer service of CMCMarkets

    Advantages Disadvantages
    1. 24/5 contact availability for customer support 1. Limited customer support availability on weekends
    2. Dedicated phone lines for CFD and Share Trading inquiries 2. Potential waiting times to reach a customer support agent
    3. Multiple channels of communication (phone, social media) 3. Lack of 24/7 customer support
    4. Convenient customer service hours for Share Trading 4. Language limitations may exist for non-English speaking users
    5. Physical office address provides a sense of trust and security
    6. Active presence on popular social media platforms

    The customer care dimension at CMCMarkets offers several advantages to users. Firstly, they provide 24/5 contact availability, ensuring that customers can reach out for support during weekdays. The dedicated phone lines for CFD and Share Trading inquiries allow for specialized assistance in each area. Multiple communication channels, including phone, social media platforms like Facebook, Twitter, LinkedIn, and YouTube, offer users flexibility in choosing their preferred method of contact. The convenient customer service hours for Share Trading align with market opening hours, enabling timely assistance. Additionally, the physical office address in Sydney provides customers with a sense of trust and security. CMCMarkets' active presence on popular social media platforms allows users to stay updated and engaged. However, it's important to note that there may be limitations to customer support availability on weekends and potential waiting times to connect with a representative.

    customer care dimension


    In conclusion, CMCMarkets is an Australia-registered company that has established itself as a reputable and regulated broker in the financial industry. With over 20 years of experience, they offer a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders have the flexibility to choose from different account types and access their platform through MT4 or their proprietary platform, CMC Markets Invest. The availability of a free demo account and extensive educational resources further enhance the trading experience for both novice and experienced traders. Customer support is readily available through various channels, ensuring prompt assistance and resolving queries effectively. However, the lack of information on maximum leverage, detailed spreads and commissions, as well as certain fees like the dormancy fee and merchant fees for deposits, could be considered as limitations. Despite these drawbacks, CMCMarkets' strong regulatory compliance, diverse trading offerings, and commitment to providing educational resources contribute to its appeal as a trusted brokerage firm. Traders should conduct thorough research and consider their individual needs before deciding to engage with CMCMarkets or any other broker.

    Frequently asked questions about CMCMarkets

    • Question: How can I fund my CMCMarkets account?

    • Answer: You can fund your CMCMarkets account by using a credit or debit card or by transferring funds from your bank account. Please note that third-party payments are not accepted, and additional charges may apply for bank transfers from outside of Australia.

    • Question: What are the trading platforms offered by CMCMarkets?

    • Answer: CMCMarkets provides two trading platforms: MT4 and their own platform called CMC Markets Invest. These platforms offer a range of features and tools to support your trading activities.

    • Question: Is there a minimum initial deposit required to open an account with CMCMarkets?

    • Answer: No, CMCMarkets does not require a minimum initial deposit. You can start trading with any amount you are comfortable with.

    • Question: Does CMCMarkets offer a demo account?

    • Answer: Yes, CMCMarkets provides a free demo account that allows you to practice trading with virtual funds. It's a great way to familiarize yourself with the platform and test your trading strategies without risking real money.

    • Question: How can I contact customer support at CMCMarkets?

    • Answer: You can contact CMCMarkets' customer support team by calling their phone number 1300 303 888. They are available 24/5 for CFD inquiries and have specific hours for Share Trading inquiries. You can also reach out to them through their official social media channels or visit their office in Sydney, Australia.

    • Question: What are the trading instruments available on CMCMarkets?

    • Answer: CMCMarkets offers a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. This provides you with various options to diversify your trading portfolio.

    • Question: Does CMCMarkets charge any fees for deposits or withdrawals?

    • Answer: CMCMarkets does not charge any fees for deposit or withdrawal operations. However, please note that payment systems may have their own fees, and internal currency conversion rates may apply.


    Market exuberance takes DAX to a new record high

    NewsMarket exuberance takes DAX to a new record high

    2023-05-23 10:41

    Markets in Europe have observed another day of strong gains after the Nikkei 225 closed at its highest levels since 1990 and finished the week higher by 4.8%.

    2023-05-23 10:41
    Market exuberance takes DAX to a new record high
    CMC Markets reports transactions in its shares by senior execs

    NewsCMC Markets reports transactions in its shares by senior execs

    2023-05-10 18:43

    According to the report, CMC Markets Plc (LON: CMCX), a leading provider of online trading and institutional technology solutions, has recently announced that members of its senior management have acquired shares in the company under the CMC Markets Share Incentive Plan.

    2023-05-10 18:43
    CMC Markets reports transactions in its shares by senior execs
    Do We Trust CMC Markets?

    NewsDo We Trust CMC Markets?

    2023-04-28 16:57

    In today's article, WikiFX will explore CMC Markets in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service to help you make an informed decision on whether or not to use this platform.

    2023-04-28 16:57
    Do We Trust CMC Markets?
    Sticky US inflation keeps markets on edge, UK GDP in focus

    NewsSticky US inflation keeps markets on edge, UK GDP in focus

    2023-04-17 11:45

    Traders await the US March inflation report, the Federal Open Market Committee (FOMC) minutes release and the Bank of Canada (BoC) interest rate decision due which was published last week.

    2023-04-17 11:45
    Sticky US inflation keeps markets on edge, UK GDP in focus

    User Reviews

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    more than one year
    Having been using CMC Markets for years, first-class trading platform, and customer service, very good executions and never had an issue with mobile trading. CMC, Markets, good!
    2023-02-20 09:43
    more than one year
    I have used CMCMarkets for a few months now, and no issues with funding or withdrawing from my account. Overall, very reliable.
    2023-02-14 10:01
    more than one year
    don't waste time or money here! CMCMarkets has shut down their website and scammed some people...hope the victims can recoup their losses early.
    2023-02-13 18:05
    Account management services available Minimum equity 500$
    2023-01-27 23:47
    Just a few days after you registered, you were urged to deposit money over and over again. Not only does it provide a second line chart, but it also tempts you to trade frequently by returning part of the spread, which consumes too much energy and energy. In addition, it only allows you to register an account, which undoubtedly increases the probability of liquidation due to misjudgment and failure to disperse risks. The quotation of the CMC platform is independent of the external public platform, and there is a certain gap. In addition, MT4 has not been used, and you don’t know if they have done anything in this price. Therefore, the CMC platform is more like a casino than a trading platform. The so-called senior analysts provided are not very good. When explaining, they don’t use candlestick charts. They simply use their feelings to make predictions about possible rises or falls at the obvious previous highs or lows.
    2022-12-21 08:14
    2022-12-17 06:14
    more than one year
    The company's website looks good, and there are many regulatory licenses. If I didn't see someone complaining on wikifx, I would really believe him and invest with him! Forex scams are closer than I thought...
    2022-12-13 11:27
    Proudly with you
    2022-12-05 21:48
    more than one year
    SCAMS!! First I can win and withdraw some money, then I get happy and deposit more, then CMC starts taking over my funds... It rejects my withdrawal over and over again. I have reported it to the police.
    2022-11-15 18:39
    more than one year
    I never notice that CMC Markets is chargeing dormant account fees before. When I return to my account after one month, I was surprised to find out a large sum of moeny was taken away. This broker should at least inform their clients by email or phone to let them know that their account is being taken big money per month.
    2022-11-15 17:37
    2022-10-06 19:40
    my name is Dominion price please I need a job good job please and if I'm working there I will be obedient and I need your help please help me and grant my heart desire please actually I like this job because the job we help me so much and I pray to God make you people Grant May man heart desire please so the job is nice and I will tell my pillow people apart the job I will make announcement for this job I will boom this job if you people Grant me my heart desire I promise I will tell people,,,,,
    2022-10-06 19:39
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