CMC Markets Account Types Overview

Our CMC Markets account types review covers everything traders must know to make an informed decision when opening a CMC Markets trading account. For additional information on CMC Markets, visit our CMC Markets broker review.

CMC Markets Overview

Noteworthy:

• The competitiveness of the trading environment depends on the operating subsidiary.

CMC Markets Account Types

Our CMC Markets account types introduction offers a quick overview of available options at CMC Markets.

CMC Markets Account types – Key Points

1. No minimum deposit

2. Unlimited demo account

3. Competitive trading fees

4. Excellent asset selection

5. Superb trading execution and deep liquidity

CMC Markets CFD Account

The CMC Markets CFD account is available to all clients. It features its cutting-edge proprietary trading platform and competitive trading fees. Supported account base currencies are GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD.

CMC Markets Spread Betting Account

The CMC Markets Spread Betting account is available to UK-based traders and offers tax-free trading from GBP and EUR accounts.

CMC Markets FX Active Account

The CMC Markets FX Active account is ideal for demanding Forex traders who benefit from a competitively priced commission-based pricing environment and offers 330+ currency pairs.

CMC Markets Invest Account

The CMC Markets Invest account offers long-term investors an unleveraged investment portfolio.

CMC Markets Corporate Account

The CMC Markets Corporate account caters to corporate clients and asset managers, who can connect existing trading solutions via the FIX API to the cutting-edge trading infrastructure of CMC Markets.

CMC Markets Islamic Account

CMC Markets does not offer swap-free Islamic accounts.

CMC Markets Demo Account

The CMC Markets demo account has no expiry, but equity trading remains limited to 30 days. The default demo account balance is $10,000. Unlimited demo accounts are good for all traders.

Conclusion:

• Beginners can familiarize themselves with the CMC Markets trading conditions and trading platforms
• Traders can test EAs, tweak and try new strategies, evaluate signal providers, and bug-fix algorithmic trading solutions
• Beginners should also consider its limitations, like the absence of exposure to trading psychology

How to Open a CMC Markets Account - Step by Step

Opening a CMC Markets account is simple and requires a swift online application.

Below is a step-by-step guide on how to open your CMC Markets trading account:

1. Go to the CMC Markets website and click the “Start Trading” button.

2. Enter your desired e-mail address and password and select your trading platform.

3. Select your account type preference, and enter the six-digit verification code, which CMC Markets will send you.

4. Complete the account registration form and verify your trading account, a mandatory step to comply with regulatory AML/KYC requirements. Most traders will pass verification by uploading a copy of their ID and one proof of residency document.

5. Making any deposit, although CMC Markets recommends at least $100, will complete the registration and setup process. CMC Markets will e-mail confirmation, which includes account login details.

Noteworthy:

• The regulatory jurisdiction determines the competitiveness and availability of assets of the CMC Markets trading environment

Restricted countries:

• CMC Markets accepts traders from many jurisdictions but does not publish a complete list of restricted countries
• Known restrictions are on traders resident in the US, North Korea, or Syria

CMC Markets Account Features

CMC Markets is a competitive multi-asset CFD broker, and the CMC Markets account types can provide traders with an edge, as outlined below.

The most competitive CMC Markets account features include:

• Excellent asset selection of 12,000+ trading instruments and 330+ currency pairs
• Competitive proprietary trading platform
• Deep liquidity and outstanding order execution
• Ten account base currencies (GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD)
• Complete support for algorithmic trading, including VPS and API trading.
• Unlimited demo accounts
• No minimum deposit requirement
• Competitive cost structure
• Custom-tailored Forex trading account and spread rebates in the Alpha account.

CMC Markets Account Pros & Cons

Traders should consider the pros and cons of the CMC Markets account types before opening and funding one.

The pros of the CMC Markets account types are:

• Well-trusted and secure broker
• No minimum deposit requirement
• Competitive trading fees
• Cutting-edge proprietary trading platform alongside MT4

The pros of the CMC Markets account types are:

• Competitiveness depends on the operating subsidiary.
• Limited payment processors

CMC Markets Account Types Bottom Line

Traders can choose between four CMC Markets account types, have access to a demo account, and a corporate account is also available. There is no minimum deposit requirement, but traders who deposit more than $25,000 qualify for the Alpha upgrade, which lowers trading fees significantly. The CFD trading account is available to all traders, while the others are geographically restricted.

FAQs

Does CMC Markets offer a bonus account?

No, CMC Markets does not offer a bonus account.

Which account type is best for CMC Markets?

The spread betting account is best for UK-based traders, the FX Active is ideal for Forex traders, and the CFD account caters best to international equity traders.

Does CMC Markets offer a cash account?

Yes, CMC Markets offers a cash account for long-term investors.

How many CMC Markets account types are there?

CMC Markets offers six account types.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.