CMC Markets Platforms | How CMC Markets Platforms Work

Introduction

CMC Markets, is a UK forex and CFD broker that was founded in 1989 and has over 80,000 clients worldwide. CMC markets is also regulated by top-tier financial authorities like FCA, the Financial Conduct Authority in the UK. With over 11,000 trading instruments, CMC Markets beats a lot of other brokers in the number of products.

CMC Markets works on its own trading platform as well as the MetaTrader 4 platform. Each one of them has its own specifications and features. So, we will dig deeper into each one of them in this article.

CMC Markets (Web Trading Platform)

Pros

Cons

  • User-friendly UI
  • Price alerts
  • Real Time Alerts
  • Various order types
  • No two-factor authentication method for login
  • Professional look that’s hard for beginners

Languages

CMC Markets web application is available in 9 languages like Chinese, English, French, German, Italian, Norwegian, Polish, Spanish, and Swedish.

User interface (UI)

The User Interface of CMC Markets has a professional look that might seem hard-to-use for the first time, but when you try it, you will find it clear and much easier than what you think.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Web Trading Platform – UI

Login and Security

The CMC web trading platform has only one-step verification which is very disappointing as the mobile platform has it.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Web Trading Platform – Login

Searching

The searching function within the platforms works fine as you can type the name of the instrument as well as browsing the full list of instruments in each category.

The negative part here is that the search function needs improvements as it does not show the right instrument typed at the top of results.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Web Trading Platform – Searching

Placing orders

CMC Markets provides 5 types of orders on its platform which are:

  • Market, limit and stop entry orders (ability to set expiry)
  • Guaranteed stop-loss orders
  • Regular stop-loss orders
  • Trailing stop-loss orders
  • Take-profit orders

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Web Trading Platform – Place Order

Notifications and alerts

The web trading platform has a good notification and alert system that helps you along with your trading.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Web Trading Platform – Notifications

Portfolio and reports

The portfolio and reports within the web trading platform is clear with a track of all activity within the account. You can find it at the bottom within the ‘History’ tab.

CMC Markets (Mobile Platform)

Pros

Cons

  • Simple UI
  • Price alerts
  • Notifications available
  • Real Time Alerts
  • Various order types
  • Two-step verification
  • TouchID and FaceID option
  • Customizable charts
  • None

Languages

The mobile trading platform is available in the same languages as the web trading platform which are Chinese, English, French, German, Italian, Norwegian, Polish, Spanish, and Swedish.

User interface (UI)

The UI of the mobile trading app looks simple with the ability to navigate within the app freely and easily. The UI helps the user as well to find the right function in the right place without complications.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Mobile Trading Platform – UI

Login and Security

Fortunately, the mobile trading app of CMC Markets has a two-factor authentication method for login which is much safer. Also CMC Markets provides a Touch and Face ID verification for more safety.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Mobile Trading Platform – Login

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Mobile Trading Platform – Touch ID Verification

Searching

CMC Markets has a good searching function on its mobile trading app, but needs some improvement as it does not show the right instrument at first. You can also navigate in the application within all product categories like indices, currency pairs, forex indices, commodities, shares, ETFs, crypto, and treasuries.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Mobile Trading Platform – Searching

Placing orders

CMC Markets provides 5 types of orders on its web platform which are:

  • Market, limit and stop entry orders (ability to set expiry)
  • Guaranteed stop-loss orders
  • Regular stop-loss orders
  • Trailing stop-loss orders
  • Take-profit orders

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Mobile Trading Platform – Place Order

Notifications and alerts

The mobile trading app has a good notification and price alerts that helps you trade productively.

CMC Markets Platforms | How CMC Markets Platforms Work

CMC Markets – Mobile Trading Platform – Notifications

Portfolio and reports

The mobile application has a clear portfolio and fee reports and you can find them by going to Account > History

MT4 Platform

Pros

Cons

  • Available on Windows / Mac / Web / Android / IOS
  • Order confirmation
  • Customizable charts
  • Available in a number of languages
  • Easy to use
  • Ability to social trade
  • Good searching functions
  • Notifications and price alerts on Desktop and Mobile versions
  • Lacks two-step verification
  • Old desktop design
  • No price alerts in web version

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

Arabic

Bulgarian

Chinese

Croatian

Czech

Danish

Dutch

English

Estonian

Finnish

French

German

Greek

Hebrew

Hindi

Hungarian

Indonesian

Italian

Japanese

Korean

Latvian

Lithuanian

Malay

Mongolian

Persian

Polish

Portuguese

Romanian

Russian

Serbian

Slovak

Slovenian

Spanish

Swedish

Tajik

Thai

Traditional Chinese

Turkish

Ukrainian

Uzbek

Vietnamese

 

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

CMC Markets Platforms | How CMC Markets Platforms Work

MT4 – Mobile Version – UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has two different options:

  • You can search by categories and find assets.
  • You can also type the name of the asset and search for it manually.

CMC Markets Platforms | How CMC Markets Platforms Work

MT4 – Mobile Platform – Search

Placing orders

MT4 has a simple order types which are:

  1. Market
  2. Limit
  3. Stop
  4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good ’til canceled’ (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

CMC Markets Platforms | How CMC Markets Platforms Work

MT4 – Mobile Version – Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

CMC Markets Platforms | How CMC Markets Platforms Work

MT4 – Mobile Version – Portfolio

3. FAQs

  1. How long does it take to verify my account?
  • It takes about 1 to 2 business days to verify your CMC Markets account.
  1. Can I open more than one trading account?
  • Yes, you can.
  1. Does CMC Markets allow bot trading?
  • Yes, it does.
  1. Does CMC Markets give a bonus?
  • Yes. you can get a bonus of $250 when you refer a friend to CMC Markets and both you and your friend will earn a bonus when your friend trades on a newly opened CFD account.
  1. Does CMC Markets allow scalping and hedging?
  • Yes, it does allow scalping and hedging.
  1. Where is my money held?
  • They’re held in separate bank accounts.
  1. What happens to my funds if the bank which holds my funds goes insolvent?
  • If this happens, please notify your bank as soon as possible. Once you’ve done so, please contact the Client Management team who will arrange to remove those cards from your account.

 

  1. Is my money products with CMC Markets?
  • Under our FCA obligations we comply with Client Assets (CASS) rules to ensure all client funds are protected. As such, we distinguish your money from our own and hold it in separate bank accounts.
  1. Does CMC Markets have a swap-free account option?
  • Unfortunately, CMC Markets does not provide such an option.
  1. How do I login using the MT4 mobile platform?
  • Steps:

1. Go to ‘Settings’

2. Click on ‘Manage Accounts’ or ‘Settings’

3. Then click on the small plus sign or select ‘New Account’

4. Then select ‘Log in to an existing account’

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on ‘Sign In’

  1. When will my demo account expire?
  • It will not expire even if you open a live account as you can test your strategies in the demo account.
  1. When trading forex, will you lose more than your initial deposit?
  • Both our MetaTrader 4 and CMC Markets platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.
  1. Can I login to more than one account from the same computer?
  • Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
  • No, you can not do such a thing with your CMC Markets account.
  1. Does CMC Markets accept payments from third parties?
  • No, as payments should be under your name.
  1. Why do you ask for my personal financial and employment information?
  • As a UK regulated financial services firm, CMC Markets is required to comply with industry ‘Know Your Customer’ (KYC) requirements to identify its customers and check they are who they say they are.
  1. Where can I open a spread betting account?
  • If you’re resident in the UK or Ireland, you can do that.
  1. Can I access the platform when I go abroad?
  • Yes, you can as long as you have a good internet connection.
  1. Can I log into my account via your website and my mobile device at the same time?
  • No. You are only able to access your account through either the website or your mobile device at any one time. If you attempt to log in to both platforms at the same time you will be disconnected from your previous session.
  1. Does CMC Markets offer monthly cash rebates?
  • For professional clients, CMC Markets offers competitive monthly cash rebates for eligible clients who trade in high volumes.


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