CMC Markets Reviews 2022: Safe or Scam Forex Broker

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CMC Markets has offices worldwide, including Australia, Austria, Paris, Germany, Ireland, Italy, New Zealand, Norway, Poland, Thailand, Spain, and Sweden. Its headquarters are in London.

They were established in 1989 and currently trade publicly on the LSE (London Stock Exchange). This means that businesses have shares that investors can buy. Firms must regularly produce investor reports and reveal their earnings and other important company information because they are always in the public eye.

As a credit institution for other brokers and institutions, CMC Markets goes above and beyond what is expected of a standard CFD broker. As a result, other brokers route their orders to CMC Markets for execution.

The CMC Markets trading interface is unquestionably one of my favourites for trading CFDs. The platform was designed with expert traders in view. Here are the key points you should be aware of:

You can set up CMC Markets’ platform however you like. They provide a few designs for you to apply, but you can skip them and start with a blank page so you can design and fit the tools you need. Pending orders, Open positions, and Trading History are displayed on a dual chart. In this CMC markets reviews will we will discuss, Is forex broker safe or scam?

Is CMC Markets a scam, or is it safe?

As regulated as it gets, CMC Markets is overseen by top-notch financial regulators. Depending on the situation, “CMC Markets” may refer to CMC Markets Germany GmbH, CMC Markets UK plc, or CMC Spread bet.

The Financial Conduct Authority’s Register of Companies lists CMC Markets UK Plc and CMC spread bet plc as registered under the registration numbers 173730 and 170627, respectively.

This indicates that the FCA, BaFin, etc. regulates them. They are also one of the most well-known publicly traded companies. We’re excited to reassure you that CMC Markets is entirely legal and the best Australia forex broker.

Since my account was first opened at the beginning of the year, I only ever received one onboard call, during which they asked for my identification documents for verification. After that, I didn’t hear from them again, which is good.

CMC Markets is it governed?

The key to determining whether a broker is a scam or safe to trade with is whether they are regulated. CMC Markets is the best Australia forex broker legally permitted to offer trading services.

Since the FCA (UK) has authorized and regulated CMC Markets UK plc and CMC spread bet plc, the company conforms with the CASS, or client assets regulation, which ensures traders’ safety.

Due to their presence abroad, businesses are subject to additional restrictions, including ASIC’s regulation in Australia.

How are you protected?

In addition to everything else, CMC Markets Stockbroking Limited, ABN 69 081 002 851, AFSL No. 246381 (the stockbroking services provider), is a Participant of the ASX Group (Australian Securities Exchange), SSX (Sydney Stock Exchange), and Chi-X (Chi-X Australia), and offers the financial products and services. Therefore, the highest level of authority and control over the firm is at the institutional level.

CMC Markets’ regulatory position guarantees the security of traders’ assets. Client funds, however, are held following property, trust, and liquidation laws and are kept distinct from the company’s funds, making them unavailable to the company.

Leverage

Leverage is the percentage of upliftment that brokers offer clients to improve their ability to trade. They benefit from having a solid market position and making minor investments. For professional corporate clients of CMC Markets, the maximum leverage is 1:500, and for retail clients, it is 1:30. The clients can utilize leverage to increase their profits by double, but they should be aware of the risk.

Costs

The fees and expenses you might pay when trading with this broker is highlighted in this CMC Markets review. The spread and commissions on share CFDs are how the broker is paid. Other than a $10 inactivity fee after a year, there are no more costs.

Trading commissions and expenses at CMC Markets:

The spread and commissions are how the broker makes money; there are no further fees.

Fee-free deposits and withdrawals

$10 inactivity fee after one year

Potential costs for obtaining rare stock market data