Are you wondering what the CMC market is? And if it’s a great forex broker? How can you choose the best forex broker for yourself? Here in this article we will give you a detailed CMC Markets review.
What CMC Market Actually is?
CMC market is a well-known forex broker that provides maximum coverage to trading assets. Whether its currency, metal stocks or security. They are providing direct access to trading at global bank prices.
Here is why CMC Markets broker is reliable enough.
- They have worldwide 57,000 clients.
- Won over 50 awards.
- Well known and experienced in trading business since 1989.
- It is a liquidity provider with optimal spread.
- Providing best price market and order execution.
- More than 100 types of technical tools are available for the reliability of clients.
- Offering different accounts for trading CFDs.
- Accommodate trader with demo account.
- Risk management is quite good enough.
A Guide For Traders To Start Making Profits:
CMC markets are offering their traders two types of real accounts according to selected instruments and trading conditions. They are providing a maximum leverage rate of 1:500 with no minimum deposit.
Types of Accounts:
- CFD account: providing trading contracts for more than 100 commodities.
- Spread betting account: allows you to spread bets.
- Demo account: They allow you to open a demo account so that you can try and learn it before trading and investing. Demo accounts are for a limited time period.
Why Choose CMC Markets Broker?
Here is a list of reasons why CMC markets is a better option to choose:
Reliable:
CMC markets are suitable for both newcomers and professional traders for trading.
Bonuses and Discounts:
Providing large trading bonuses for professional traders. You can get a monthly discount as a professional trader.
Online Training and Education:
Providing educational information related to trading business so if someone is not professional enough they can know how to use it. Following information is available in the education section and market site.
- Webinars
- Risk managing skills
- Training
- Technical and fundamental analysis
- Online lesson
Protection and Security:
They have been providing services for over 30 years and have earned the trust of traders and customers over time. It is a licensed broker in the UK. Hence security of their customers is their number one priority. But they don’t provide company insurance to retail traders.
Customer Support:
CMC Markets provides customer support assistance all the time but one drawback is that it’s not available on weekends. You can only contact them during weekdays.
Withdrawal Option and Fees:
You can have different options for withdrawal of money. These include bank transfer, visa or mastercard. They provide you quick and easy withdrawal even on the same day if they are submitted by 14:00 (GMT +1) by the UK time.
How to Choose the Best Forex Broker?
Choosing the best forex brokers is the most important part of successful trading in the forex market. No matter if you are new to trading business or professional your choice of broker will directly affect your experience.
A good forex broker have plenty of qualities like:
Select a Licensed Broker:
Being licensed is one of the top qualities of a forex broker. A licensed company will follow all the rules and regulations provided by regulators and it also provides you security and protection. Trading with unlicensed and unregulated brokers can get you in trouble.
Provides a Demo Account:
A good forex broker company must provide a demo account to its users. In case you are new to trading business and you don’t know how to run an account. Company provides a trial or demo period of a few weeks or one month.
Customer Service:
Traders need customer assistance. A good forex broker provides customer service 24/7. You can contact them and get help at any time.
Easy Withdrawal and Deposit:
Withdrawal and deposit methods are important for traders. A good forex broker provides easy withdrawal and deposit methods.
Hence selecting a good forex broker is very important for trading business. You can check reviews and ratings of brokers on Traders Union website. It will help you in choosing a good forex broker for yourself.