CMC Markets Fees – Overview

Our CMC Markets fees review offers a breakdown of trading and non-trading costs. Does CMC Markets maintain a competitive pricing environment that ensures clients have a competitive edge? Read our in-depth CMC Markets broker review for additional up-to-date information.

Overview of CMC Markets Fees and Charges

CMC Markets offers traders a competitive commission-free pricing environment. Forex traders pay minimum markups of 0.7 pips or $7.00 per 1.0 standard round lot. The FX Active account offers raw spreads from 0.0 pips for a commission of $5.00 per $100,000 in nominal value. Equity CFD traders pay the industry average of 0.10% in commission with applicable minimums.

Traders with a minimum deposit of $25,000 qualify for the Alpha account with spread discounts between 5.0% to 28.6%. Therefore, the CMC Markets infrastructure supports demanding short-term strategies like scalping, high-frequency trading, and algorithmic trading.

Here is a snapshot of CMC Markets fees:

CMC Markets Fees, Spreads, and Commissions Explained

Traders should understand the CMC Markets fee structure to help them comprehend what they must pay, why they have to pay, and how those costs compare to other brokers. Trading costs at brokers fall into two categories: trading and non-trading fees.

Trading fees are:

• Spreads (the difference between the bid and the ask price of an asset, where CMC Markets maintains competitive costs)
• Commissions (applicable on equity CFDs and in the FX Active account)
• Swap rates (charged on leveraged overnight positions, where CMC Markets ranks among the cheapest)
• Currency conversion fees (0.50% if applicable)

Non-trading fees are:

• Deposit fees (not applicable at CMC Markets)
• Withdrawal fees (not applicable at CMC Markets)
• Inactivity fees ($10 monthly after one year of dormancy)
• Currency conversion fees (0.50% if applicable)

CMC Markets Trading Fees

CMC Markets trading fees apply to each transaction and are asset and account dependent.

Here is an overview of minimum trading fees at CMC Markets:

Overnight Fees (Swap rates)

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

Traders must pay swap rates on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend. Closing positions before 5 p.m. EST allows traders to avoid swap rates.

MT4 traders can easily access swap rates from their platform by following these steps:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

Noteworthy:

• CMC Markets ranks among the cheapest broker for leveraged overnight trading due to low swap rates.

Currency Conversion Fees

A 0.50% currency conversion fees apply each time the quote currency of an asset does not match the account base currency. For example, buying a US Dollar denominated asset from a Euro trading account.

CMC Markets Non-Trading Fees

Non-trading fees refer to account transactions other than trading, like deposits, withdrawals, and inactivity. While they are notably less frequent, traders should know about them to avoid confusion.

CMC Markets Deposit Fee

CMC Markets has no internal deposit fee, meaning a trader making a $1,000 deposit will receive $1,000. A 0.50% currency conversion fee applies if the deposit currency does not match the account base currency. CMC Markets offers GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD as account base currencies.

CMC Markets Withdrawal Fee

There is no internal withdrawal fee at CMC Markets, but a fee for international bank wires may apply, which the withdrawal screen lists if applicable. Third-party fees and currency conversion costs may apply.

CMC Markets Inactivity Fee

After one year of dormancy, CMC Markets charges a monthly inactivity fee of $10 or a currency equivalent unless there are no funds in the account.

CMC Markets Safety and Security

CMC Markets ranks among the most secure multi-asset brokers, regulated by well-known, capable financial regulators in global financial hubs. It has been a pioneer of online trading since 1989, standing the test of time, a publicly listed company in the UK, and an FTSE 250 constituent. CMC Markets offers negative balance protection, segregates client deposits from corporate funds, and some subsidiaries that offer an investor compensation fund.

CMC Markets Fees Bottom Line

CMC Markets fees are competitive and decrease to ultra-competitive for portfolios exceeding $25,000 and for traders in the FX Active account. Swap rates on leveraged overnight positions also rank among the cheapest industry-wide, making CMC Markets an excellent choice for all trading strategies.

FAQs

Does CMC Markets charge raw account commission?

Raw account commissions at CMC Markets are $2.50 per $100,000 notional value.

Does CMC Markets charge inactivity fees?

CMC Markets charges a monthly inactivity fee of $10 after one year of dormancy.

When does CMC Markets charge fees?

Spreads apply the instant a trader opens a position, commissions, if applicable, when traders open and close trades, swap rates on leveraged positions after the cut-off time, and currency conversion costs if the quote currency of the asset differs from the account base currency.

How much does CMC Markets charge for withdrawals?

CMC Markets does not levy internal withdrawal fees, but third-party charges and currency conversion costs may apply.

What trading fees does CMC Markets charge?

CMC Markets trading fees consist of spreads, commissions, swaps, and currency conversion costs.

Does CMC Markets charge a monthly fee?

A monthly market data fee may apply on certain equity CFDs.

Does CMC Markets charge commissions?

CMC Markets charges commissions on equity CFDs and in its FX Active account.

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.