CMC Markets was founded by Peter Cruddas in 1989. Since then, the company has grown to become a global leader in online retail trading. There have been numerous significant milestones for the Group over the past 25 years, including the company's expansion into new markets around the world and continued championing of innovation and new trading technology.
When “Currency Management Corporation”, later abbreviated to CMC, first began trading in London in 1989 as an FX broker, the office contained one desk, one telephone and one highly ambitious trader and entrepreneur. Over the following years the company grew rapidly, and in 1996 it launched the world’s first online retail FX trading platform, allowing its clients to take advantage of markets previously only accessible to institutional traders.
In 2000, CMC Markets expanded its business to become a CFD broker. In 2001, the company launched an online financial spread betting service, becoming the first spread betting company to launch the daily Rolling Cash® Bet. The innovative daily Rolling Cash® bet concept subsequently became an industry benchmark.
In 2002, CMC Markets opened its first overseas office in Sydney, launching into the Australian market as an online CFD and foreign exchange provider. By 2007 the company had expanded its global footprint with additional offices in New Zealand, Germany, Canada, Singapore and Sweden, and had sold a 10% equity stake to Goldman Sachs. Further global growth followed over the next few years, with offices opened in Norway, Spain, Italy, France, China, Austria and Poland, taking the number of operations around the world to 14.
CMC Markets launched its award-winning* Next Generation platform in 2010 and since then has rolled it out across all the regions in which the Group operates, frequently adding new tools, features and enhancements.
In 2014 the Group celebrated its 25th anniversary and over the last two years has received more than 50 awards worldwide – a recognition of the quality of the Next Generation trading platform and associated service.
In 2015, CMC Markets announced a 61% increase in underlying profit before tax to £51.9 million, for the financial year ended 31 March. The Group also extended into Eastern Europe with the launch of a Warsaw office, bringing the total number of offices up to 14. In July, a new fixed-odds product, Countdowns, was launched in the UK, Australia and New Zealand, before it was later rolled out across Europe. In November, CMC Markets picked up three accolades at the 2015 Shares Awards, including Financial Services Provider of the Year for a fourth time in five years.
CMC Markets UK plc (173730) and CMC Spreadbet plc (170627) are authorised and regulated by the Financial Conduct Authority except for the provision of Countdowns for which CMC Markets is licensed and regulated by the Gambling Commission, reference number 42013.
*Awarded 'Best Trading Platform Features', Investment Trends 2014 UK Leveraged Trading Report, based on highest user satisfaction among spread bettors, CFD traders and FX traders; 'Best Online Trading Platform', Shares Awards 2013 & 2014.
|Address||CMC Markets UK plc 133 Houndsditch, London EC3A 7BX|
|24 hour support|
|Forex contests, competitions|
|1st deposit bonus|
|Trading by phone|
|24 hour trading|
|Digits after the dot in quotes|
|Minimum position size||0.01 units (CFDs)|
|Pip spread on majors||From 0.7 points (EUR/USD)|
|Standard account, $||1|
|Mini account, $||No|
|Other payment methods||No|
|Popular payment methods||Credit Card, Debit Card, Internet Banking|
|Account currencies||Platform offered in the base currency of the country in which the account has been opened|
|Other instruments||CFD trade/Spread bet (UK only) on: Bonds, Stocks, Futures, Interest Rates, Energy, Commodities, CFDs, Metals, Oil, Commodities, ETFs, Indexes, Shares, Indices, Forex, Spread Betting (UK only)|
|Other languages||English, Chinese, German, French, Italian, Norwegian, Polish, Spanish, Swedish|
|Languages||Platform offered in 9 languages|
|Platforms||Next Generation web platform, mobile and tablet apps|
|Broker type||Spread betting (UK only) and CFD trading provider|
|Regulation||Financial Conduct Authority (FCA)|
People like this broker. However, I found it reliable one. Slippage is worse than average among other brokers but they offer the most efficient platforms probably. Easy to operate and intuitively simple. And it is one of very few brokers that was founded in the eighties. In 1989 to be exact!
They offer the intuitive Next Generation platform. Well, I have tried it and can say that I can set it up just as I want customizing design layouts. It allows great control of executions when placing and closing the trades from charts. There are also useful options like one-click trading, boundary orders, price ladders, guaranteed stop-loss orders and others, which I really appreciate as far as they improve trading. Besides, the platform offers an access to different sources of market news. What else? I can look through the number of traders and their position values in real time and learn different types of behavior at the market improving my strategy.
CMC Markets is registered bookmaker. And still it provides very good trading, approach to thousands of markets and good prices on different currency pairs. I compare the prices with other brokers – there are differences but very slight. Here I trade within contract for difference between the opening and closing price of the contract. The price movement allows me to ignore the market in general and the broker creates the comfortable environment for that. They guarantee execution of stop losses at the price I set and they do it!
Just imagine! It allows traders to trade with more than 7000 products including currency pairs. to stay here you should choose one of the platforms it offers. I trade on their unique product – “Next Generation Platform” because it provides automated execution and customizable options. I’ve been adapting the facilities in such a way the platform complies with my needs and strategies choosing the necessary indicators out of 80 ones available. also use such tools as helpful charts, pattern recognition and boundary spread bets. In order to stay informed of the market conditions, I integrated Reuters news. This platform is really good.
Great! Great! And once again great! I’ve been with it for quite a while. The platform – I could not ask for better! There are no limits within reason. The order is executed rapidly - just within a second. If there are some technical problems with the system and as the result the money is lost, they are ready to reinstate the lost positions. It happened to me and I call a manager, she solved the problem. Customer support is solid here. Taking into account the deposit requirements this broker is meant for advanced traders.