Is CMC Markets Scam? | CMC Markets Safety and Reliability

Pros

Cons

  • Regulated by FCA and FSCS
  • Negative balance protection
  • Listed on stock exchange
  • Client Protection amount
  • Over 32 years of experience
  • Over 80,000 clients worldwide
  • None

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.

Is CMC Markets Regulated?

The CMC Markets broker is regulated by two different financial authorities which are:

  • FCA: the Financial Conduct Authority in the UK
  • FSCS: The Financial Services Compensation Scheme

Is CMC Markets a Scam?

CMC Markets broker has a long record as a trading platform since 1989 with more than 80,000 users worldwide and passed through different global crises ending with the coronavirus. CMC Markets has been also listed on the stock exchange under the symbol of CCMMF.

CMC Markets was also awarded with 50 awards along its history in the past two years that make CMC Markets reliable.

Client Protection

CMC Markets protects its clients from the danger of losing their money as they’re regulated by the FSCS and protects eligible claimants up to £85,000.

Also CMC Markets complies 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.

Negative Balance Protection

Luckily, CMC Markets provides a negative balance protection on your account funds to make sure that you will never lose more than your initial funds while trading.

Two-step Verification

Fortunately, CMC Markets has the two-step verification method for login.

CMC Markets Awards

  • 2021
  • Best Spread Betting Provider by the The City of London Wealth Management Awards 2021
  • No.1 Platform Technology by the ForexBrokers.com
  • No.1 Web-Based Platform by the ForexBrokers.com
  • No.1 Professional Trading by the ForexBrokers.com
  • Best Feature-Packed Non-Bank Online Broker by the Money Magazine – Best of the Best 2021
  • Best Spread Betting & CFD Education Tools by the ADVFN International Financial Awards
  • Best Forex Broker For Beginners by the BrokerChooser Awards
  • Best Trading Technology Provider by the HedgeWeek European Awards 2021
  • 2020
  • No.1 Web-based Platform by the ForexBrokers.com
  • No.1 Most Currency Pairs by the ForexBrokers.com
  • Best White Label Provider by the Global Forex Awards – B2B
  • Best feature packed non-bank online broker by the Money Magazine – Best of the best 2020
  • Best Retail CFDs Broker by the Finance Magnates Awards 2020
  • Best White Label Solution by the Finance Magnates Awards 2020
  • Best CFD Provider of the Year by the Shares Awards 2020
  • Best Forex Broker by the Good Money Guide Awards 2020
  • Most Transparent Forex Broker – Europe by the Global Forex Awards Retail 2020
  • Best Telephone Customer Service by the Investment Trends 2020 UK Leverage Trading Report
  • Best Email Customer Service by the Investment Trends 2020 UK Leverage Trading Report
  • Best Education Materials/Programmes by the Investment Trends 2020 UK Leverage Trading Report
  • Best Mobile Platform by the Investment Trends 2020 Germany CFD & FX Trading Report
  • Best Trading Platform by the Brokercheck.de Awards 2020
  • Fairest CFD Broker by the Focus Money Awards 2020
  • Rated among Top CFD Brokers by the DKI Germany Customer Institute Survey 2020
  • Best Trading Execution by the Professional Trader Awards
  • Best Value Australia 2011-2020 by the CANSTAR Online Share Trading
  • Outstanding Value Casual & Active Trader 2011-2020 by the CANSTAR Online Share Trading
  • Best Telephone Customer Service by the Investment Trends 2020 Singapore Leverage Trading Report
  • Best Email Customer Service by the Investment Trends 2020 Singapore Leverage Trading Report
  • Best Platform Features by the Investment Trends 2020 Singapore Leverage Trading Report
  • Best Education by the Investment Trends 2020 Singapore Leverage Trading Report
  • 2019
  • Best FX Broker for Commissions & Fees by the ForexBrokers.com Annual Review 2019
  • Best FX Broker for Active Trading by the ForexBrokers.com Annual Review 2019
  • Overall satisfaction by the Investment Trends 2019 UK Leverage Trading Report
  • Mobile/Tablet App by the Investment Trends 2019 UK Leverage Trading Report
  • Email customer service by the Investment Trends 2019 UK Leverage Trading Report
  • Telephone customer service by the Investment Trends 2019 UK Leverage Trading Report
  • Platform features by the Investment Trends 2019 UK Leverage Trading Report
  • Education materials/programmes by the Investment Trends 2019 UK Leverage Trading Report
  • Best Trading App by the Investors Chronicle and Financial Times Investment and Wealth Management Awards
  • Best In-House Analysts by the Professional Trader Awards 2019
  • Best Performance Tools by the Professional Trader Awards 2019
  • Best Retail CFD Broker by the Finance Magnates London Summit Awards
  • Best Mobile/Tablet Application by the Shares Awards
  • Broker of the Year – Online Share Trading by the Canstar Awards
  • Outstanding Value – Online Share Trading by the Canstar Awards
  • CFD Broker of the Year by the Invest Cuffs Awards 2020
  • 2018
  • Financial Services Provider of the Year by the Shares Awards
  • Best Spread Betting Service by the Shares Awards
  • Best Spread Betting Service by the UK Forex Awards
  • Highest Overall Client Satisfaction by the Investment Trends 2018 UK Leverage Trading Report
  • Best Customer Service by the Investment Trends 2018 UK Leverage Trading Report
  • Best Education Materials/Programmes by the Investment Trends 2018 UK Leverage Trading Report
  • Best Mobile Phone/Tablet App by the Investment Trends 2018 UK Leverage Trading Report
  • Best Platform Features by the Investment Trends 2018 UK Leverage Trading Report
  • Best Trading Application by the Online Personal Wealth Awards
  • Best CFD Provider by the Investors Chronicle/Financial Times Investment & Wealth Management Awards
  • Highest Overall Client Satisfaction by the Investment Trends 2018 Australia CFD Report
  • Best Customer Service by the Investment Trends 2018 Australia CFD Report
  • Best Educational Materials/Programmes by the Investment Trends 2018 Australia CFD Report
  • Best Value for Money by the Investment Trends 2018 Australia CFD Report
  • Best Platform Features by the Investment Trends 2018 Australia CFD Report
  • Customer Service Team of the Year (small team) by the CSIA Awards
  • Broker of the Year – Online Share Trading by the Canstar Awards
  • Outstanding Value – Online Share Trading by the Canstar Awards
  • Most Reputable Investor Education Provider by the 16th Hexun China Finance Billboard
  • Best Investor Education Provider by the FX168 China Finance Broker Billboard
  • Excellence Finance Trading Service Provider by the WallstreetCN China Financial Gold Tie Award
  • Overall Excellent Rating by the €uro am Sonntag
  • Fairest CFD Broker – Rated Excellent by the Focus Money Magazine
  • Products & Services, Security – Rated Excellent by the Focus Money Magazine
  • Broker of the year – Third place by the Brokerwahl 2018
  • Ethical Company by the Bonnier Business Polska 2018
  • Highest Overall Client Satisfaction by the Investment Trends 2018 Singapore CFD & FX Report
  • Best Customer Service by the Investment Trends 2018 Singapore CFD & FX Report
  • Best Educational Materials/Programmes by the Investment Trends 2018 Singapore CFD & FX Report
  • Most Value for Money by the Investment Trends 2018 Singapore CFD & FX Report
  • Foreign Forex Broker of the Year by the Invest Cuffs Awards 2019
  • Foreign CFD Broker of the Year by the Invest Cuffs Awards 2019
  • 2017
  • Best Forex Trading Support by the UK Forex Awards
  • Best Spread Betting Provider by the Investors Chronicle Investment & Wealth Management Awards
  • Best Online Trading Platform by the Shares Awards
  • Financial Services Provider of the Year by the Shares Awards
  • Best CFD Broker by the Finance Magnates London Summit Awards
  • Highest Overall Satisfaction by the Investment Trends 2017 UK Leverage Trading Report
  • Best Platform Features by the Investment Trends 2017 UK Leverage Trading Report
  • Best Mobile/Tablet Platform by the Investment Trends 2017 UK Leverage Trading Report
  • Best Customer Service by the Investment Trends 2017 UK Leverage Trading Report
  • Best Education Materials/Programmes by the Investment Trends 2017 UK Leverage Trading Report
  • Best Spread Betting and CFD Education Tools by the ADVFN International Financial Awards 2017
  • Best Global Spread Betting Provider by the Wealth & Money Management Awards 2017
  • Highest Overall Client Satisfaction by the Investment Trends 2017 Australia CFD Report
  • Best Value for Money by the Investment Trends 2017 Australia CFD Report
  • Best Customer Service by the Investment Trends 2017 Australia CFD Report
  • Best Platform Features by the Investment Trends 2017 Australia CFD Report
  • Best Educational Materials/Programs by the Investment Trends 2017 Australia CFD Report
  • Consistency of Filling Trades at Price Quoted by the Investment Trends 2017 Australia CFD Report
  • Execution Speed by the Investment Trends 2017 Australia CFD Report
  • Commissions by the Investment Trends 2017 Australia CFD Report
  • Reporting of Positions and Transactions by the Investment Trends 2017 Australia CFD Report
  • Risk Management by the Investment Trends 2017 Australia CFD Report
  • Trading Ideas and Strategies by the Investment Trends 2017 Australia CFD Report
  • Research Tools by the Investment Trends 2017 Australia CFD Report
  • Charting by the Investment Trends 2017 Australia CFD Report
  • Broker of the Year by the Canstar Online Share Trading
  • Cheapest Online Broker by the Money magazine’s Best of the Best Awards
  • Best Website by the Technical Analysis Trade Fair
  • Best Customer Service by the Investment Trends 2017 France CFD/FX Report
  • Mobile Platform/Application by the Investment Trends 2017 France CFD/FX Report
  • Best Value for Money by the Investment Trends 2017 France CFD/FX Report
  • No. 1 CFD Broker by the Investment Trends 2017 France CFD/FX Report
  • Foreign Forex Broker of the Year by the FX Cuffs 2017 Awards
  • 2016
  • Best Online Trading Platform by the Shares Awards
  • Financial Services Provider of the Year by the Shares Awards
  • Overall Satisfaction by the Investment Trends 2016 UK Leveraged Trading Report
  • Mobile Trading by the Investment Trends 2016 UK Leveraged Trading Report
  • Mobile Trading by the Investment Trends 2016 UK Leveraged Trading Report
  • Value for Money by the Investment Trends 2016 UK Leveraged Trading Report
  • Research Tools by the Investment Trends 2016 UK Leveraged Trading Report
  • Value for Money by the Investment Trends 2016 UK Leveraged Trading Report
  • Research Tools by the Investment Trends 2016 UK Leveraged Trading Report
  • Customer Service by the Investment Trends 2016 UK Leveraged Trading Report
  • Education Materials by the Investment Trends 2016 UK Leveraged Trading Report
  • Best Forex Trading Platform by the UK Forex Awards
  • Best Forex Digital 100 Options Broker by the UK Forex Awards
  • Best CFDs Broker by the Finance Magnates London Summit Awards
  • Best CFD Provider by the Investment and Wealth Management Awards 2016
  • Best Spread Betting and CFD Education Tools by the ADVFN International Financial Awards 2016
  • Best Mobile/Tablet Application by the Online Personal Wealth Awards
  • Best Value broker by the Investment Trends 2016 second half Australia Online Broking Report
  • Most Recommended broker by the Investment Trends 2016 second half Australia Online Broking Report
  • Business Innovation by the The Australian Business Award for Innovation [INA]
  • Cheapest Online Broker by the Money Magazine Best of the Best Awards 2016
  • Outstanding Value by the CANSTAR Online Share Trading Australia 2016
  • Platform Functionality by the Investment Trends 2016 Australia
  • Value for money by the Investment Trends 2016 Australia
  • Top Trading Platform for Charting by the Canadian Technical Analysis Awards
  • Best Platform by the Annual FX168 Broker Awards 2016
  • Research Tools by the Investment Trends 2016 Germany CFD / FX Report
  • Educational Materials by the Investment Trends 2016 Germany CFD / FX Report
  • Customer Service by the Investment Trends 2016 Germany CFD / FX Report
  • Education Materials by the Investment Trends 2016 Germany CFD / FX Report
  • Mobile Trading by the Investment Trends 2016 Germany CFD / FX Report
  • Research Tools by the Investment Trends 2016 Germany CFD / FX Report
  • Value for Money by the Investment Trends 2016 Germany CFD / FX Report

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. 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. 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’t 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.


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