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Do you want to know which is the better broker between Exness and CMCMarkets ?
In the table below, you can compare the features of Exness , CMCMarkets side by side to determine the best fit for your needs.
EURUSD: -0.2
XAUUSD: 0.1
Long: -5.77
Short: 8.08
Long: -350.35
Short: 33.17
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of exness, cmc-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Exness is a globally recognized forex broker, operating in over 170 countries, offering a diverse range of tradable assets, including currencies, commodities, and cryptocurrencies. With a daily execution of over 300,000 trades and monthly trading volumes exceeding $1 trillion, Exness is a high-volume broker known for its transparency. Regulated by CySEC , FCA FSCA, and FSA in different jurisdictions, Exness adheres to strict financial standards. In this Exness review, we'll explore the broker's offerings in detail to reveal the real exness.
Quick Exness Review in 10 Key Points | |
Registered in | Cyprus |
Regulated by | FCA, CYSEC, FSCA, FSA |
Founded in | 2008 |
Market instruments | forex, precious metals, energy, indices, stocks |
Minimum initial deposit | $10 |
Maximum leverage | Unlimited |
Minimum spread | From 0.0 pips |
Trading platform | MT5, MT4, own platform |
Deposit and withdrawal methods | Credit/debit cards, skrill, neteller, neteller |
Customer Service | E-mail/phone number/address/live chat |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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Dimension | Pros | Cons |
Broker Model | Exness offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' operations, Exness has a potential conflict of interest that can lead to decisions that are not in the best interest of the clients. |
Exness is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Exness acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that Exness has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with Exness or any other MM broker.
Dimension | Pros | Cons |
Regulation | Exness is regulated by reputable bodies such as the FCA and CySEC, which provides some protection and security for customers. | Although regulated, Exness has received some penalties and fines in the past, which may be a concern for some customers. |
Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles. The multiple regulation demonstrates its commitment to transparency and security of its clients' funds.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.
Yes, Exness operates legitimately, regulated by four regulatory authority across four jurisdictions, specifically, ASIC in Australia, FCA in the United Kingdom, FSCA in South Africa, and FSA in Seychelles.
Exness is closely monitored by various government and regulatory bodies in different regions or countries, done to make sure they follow the rules and guidelines that keep financial markets fair and safeguard the interests of clients.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | Exness (UK) Ltd | Market Making (MM) | 730729a | |
CYSEC | Exness (Cy) Ltd | Market Making (MM) | 178/12 | |
FSCA | EXNESS ZA (PTY) LTD | Retail Forex License | 51024 | |
FSA | Exness (SC) Ltd | Retail Forex | SD025 |
Exness's UK entity, Exness (UK) Ltd, is regulated by tier-one regulator FCA under regulatory number 730729a,holding a license for Market Making (MM).
Exness's second entity in Cyprus, regulated by the tier-2 regulator CYSEC under regulatory number 178/12, holding a license for Market Making as well.
EXNESS ZA (PTY) LTD in South Africa, regulated by FSCA under regulatory number 51024, holding a license for Retail Forex.
Exness's fourth entity in Seychelles, Exness (SC) Ltd is regulated by the offshore regulator FSA under regulatory number SD025, holding a license for retail forex.
Dimension | Advantages | Disadvantages |
Variety of Instruments | Exness offers a wide range of instruments, including precious metals, energy, indices and equities. | However, its offer of currency pairs and cryptocurrencies is limited compared to other brokers. |
Exness offers a wide range of financial instruments for trading, including precious metals, energy, indices and stocks. Traders can access these instruments through the popular MetaTrader 4 (MT4) trading platform or its successor, the MetaTrader 5 (MT5) platform, both available in desktop, web and mobile versions. The platforms are highly customizable and offer a wide range of technical analysis tools and resources. Currently, cryptocurrencies and currency pairs appear to be unavailable.
To start trading with a very small amount of money, you can opt for a Standard Cent account, which requires a minimum deposit of just $10. With a Standard Cent account, you have access to the smallest lot size, known as the cent lot, allowing you to begin trading on various instruments with a margin of only $10.
The actual minimum amount required to initiate trading, however, will vary based on several factors, including the account type you choose, the payment method you use for deposits, regional regulations, and the prevailing market conditions.
Honestly, Exness's $10 minimum deposit is relatively low when compared to many other brokers in the industry, on the more accessible end of the spectrum, while many brokers set their minimum deposits at $100 or higher.
Here is the table showing the comparison of Exness minimum deposit with other brokers:
Broker | Minimum Deposit |
$100 | |
$10 | |
$200 | |
$100 |
Exness offers standard and professional accounts. The standard account is a commission-free, feature-rich account suitable for all traders, including beginners, offering market execution, stable spreads and no requotes.
The Pro account is an account that can meet the needs of experienced traders. It features ultra-low spreads, even without spreads. Its execution is suitable for scalpers, day traders and algorithmic traders. The professional account has a minimum deposit of $200.
Certainly, Exness offers clients access to demo accounts that last for 30 days. The Exness Demo account is virtually funded at $10, 000 USD. Basically, Exness demo accounts include the following features:
Free to registere
Easy to fund
Access to leverage up to 2000:1
Experience real market conditions
Here is a simple guide to help you top up your Exness demo account:
Log in to your Exness Personal Area.
Go to the “My Accounts” tab and select the “Demo” section to find your preferred Demo account.
Click “Set Balance” and enter your desired amount, like USD 500, into the provided box. You can even set a lower balance if needed.
If you're using a grid view, click the gear icon on the account box to access the options, and then click “Set Balance.”
Confirm your action by clicking “Set Balance” once more.
These steps will quickly adjust your Demo account balance to your desired amount.
At Exness, spreads and trading commissions vary depending on the type of account and trading instrument. In general, spreads are low and competitive compared to other Forex brokers. In addition, the detailed trading instrument table provided by Exness allows clients to check spreads, commissions and other important details before opening a position in a particular instrument. For some instruments, such as XAGAUDm, on the standard account, Exness offers average spreads of 9.2 pips, no commissions and a maximum leverage of 1:2000. In addition, clients can adjust the stop loss level according to their needs and trading strategies. In short, Exness offers competitive spreads and commissions, allowing clients to trade efficiently and profitably on a wide variety of trading instruments.
Exness offers a variety of trading platforms, including the popular MT4 and MT5 trading platforms, available for download on desktop and mobile devices. In addition, Exness also offers its own trading platform, Exness Trade App, which is available on the web and mobile devices. The Exness platform offers an intuitive and easy-to-use interface, as well as a wide range of technical analysis tools and resources. Clients can customize the platform according to their needs and preferences, and can also access the automated trading feature through Exness VPS.
Devices Available | Desktop, Mobile, Terminal, |
MetaTrader 4 | |
MetaTrader 5 | |
Exness Trade App | |
cTrader |
Pros | Cons |
Enables the trader's purchasing power to be increased | Increases the risk of significant losses |
Facilitates access to markets that otherwise would not be accessible | May lead to overexposure to the market |
Offers the opportunity to earn higher profits | Margin requirements can be difficult to meet |
Allows diversification of the trading portfolio | Can cause emotional operations and bad decisions |
Allows traders to take larger positions | Not suitable for novice traders with no previous experience |
The maximum leverage offered by Exness is up to 1:unlimited, which is a generous offer, ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also cause loss of funds, especially for inexperienced traders. Therefore, it is essential that traders choose the right amount based on their risk tolerance.
Dimension | Pros | Cons |
Deposits and Withdrawals | Exness processes deposits in 30 minutes and withdrawals in 24 hours with no fees, making withdrawals fast and convenient. | Deposit and withdrawal methods are limited to bank cards and Perfect Money, which may be a limitation for some customers. |
Exness offers a wide variety of deposit and withdrawal options, including bank card and Perfect Money. The minimum deposit is around 10 USD, making it affordable for traders who wish to start with a small amount. Deposits are processed within 30 minutes and withdrawals within 24 hours, ensuring quick availability of funds for traders. It is important to note that although Exness does not charge fees for deposits or withdrawals, credit card providers, banks or payment systems may charge transaction fees or commissions that are beyond their control.
Payment Methods | Min. Deposit | Min. Withdarwal | Fees | Processing Time |
Perfect Money | $10 | $2 | Free | Deposit: within 30 minutesWithdrawal: within 24 hours |
Bank Card | $10 | $0 | Free | Deposit: up to 30 minutes Withdrawal: 7-10 business days |
Cryotocurrencies (USDT, Bitcoin, etc) | $10 | $10 | Free | Deposit: up to 1 dayWithdrawal: up to 1 day |
E-payments (Skrill, Neteller, etc) | $10 | $10 | Free | Deposit: within 30 minutesWithdrawal: within 30 minutes |
Here is the video showing how to depsoit with bank card for your refrence:
Exness offers a range of educational resources that can help traders improve their understanding of the foreign exchange market and their trading skills. These resources include trading analysis tools, which provide detailed information on trading results and help traders identify patterns and trends. In addition, they offer calculators to help traders calculate trading costs and potential profits. Economic calendars and currency converters are also useful tools for traders who need to keep abreast of economic events and currency fluctuations. Overall, Exness educational resources are an excellent way for traders to learn more about the market and improve their trading strategy.
Exness has a high quality customer support service, which is available in several languages and offers different communication channels to meet the needs of its customers. Users can contact the support team via live chat, email and telephone, and some of these services are available 24 hours a day, 7 days a week. The support staff is highly trained and ready to assist users with any problems or queries they may have. In addition, Exness offers a FAQ section on its website, which covers a wide variety of topics and common questions to help users find answers to their questions quickly and easily.
However, the Exness website is only available in Chinese.
In conclusion, Exness is a reliable and well-regulated forex broker, offering a variety of trading instruments and a wide range of trading platforms to meet the needs of its clients. Their focus on transparency and client education is reflected in their educational tools and resources, as well as the detailed information provided on their trading instruments screen. Although its Market Making model may be a disadvantage for some traders, Exness compensates for this with competitive spreads and fast, commission-free deposits and withdrawals. Overall, Exness is a good choice for traders of all experience levels looking for a reliable and transparent Forex broker.
Q: Is it safe to trade with Exness?
A: Yes, Exness is a broker regulated by the FCA, CYSEC, FSCA and FSA, which guarantees a high level of security and protection for client funds.
Q: What are the spreads in Exness?
A: Spreads at Exness vary according to account type and trading instrument, but are quite competitive compared to other brokers.
Q: Are there any commissions in Exness?
A: Exness does not charge fees, but credit card providers, banks or payment systems may charge transaction fees or commissions.
Q: What deposit and withdrawal methods are available at Exness?
A: Exness offers deposits and withdrawals via bank card and Perfect Money.
Q: Does Exness offer educational resources for traders?
A: Yes, Exness offers a variety of educational resources, including trading analysis tools, calculators, economic calendars, currency converters and more.
Q: What are the pros and cons of trading with Exness?
A: Among the pros of Exness are multiple regulation, variety of account types and trading platforms, competitive spreads and multilingual customer service. Cons include limited deposit and withdrawal methods and lack of advanced technical analysis tools.
Registered in | Australia |
Regulated by | FCA, FMA, MAS, IIROC |
Year(s) of establishment | Above 20 years |
Trading instruments | forex, indices, commodities, cryptos and stocks, treasuries, ETFs |
Minimum Initial Deposit | $0 |
Demo account | Yes |
Maximum Leverage | Information not available |
Minimum spread | 0.7 pips onwards for EURUSD |
Trading platform | MT4 and its own platform CMC Markets Invest. |
Deposit and withdrawal method | POLi, PayPal, credit and debit card, plus bank transfers. No cash or cheque. |
Customer Service | 24/5, phone number, address, live chat, social medias |
Fraud Complaints Exposure | No for now |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros of CMCMarkets:
Regulatory Compliance: Being registered in Australia and regulated by reputable authorities like FCA, FMA, MAS, and IIROC, CMCMarkets provides a sense of trust and security for traders.
Wide Range of Trading Instruments: With access to forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs, CMCMarkets offers a diverse portfolio for traders to choose from.
Flexible Account Options: CMCMarkets provides a variety of account types, including standard and alpha accounts, catering to different trading preferences and experience levels.
Free Demo Account: The availability of a free demo account allows traders to practice and familiarize themselves with the platform before risking real money.
Multiple Trading Platforms: CMCMarkets supports the widely used MT4 platform, known for its advanced features, as well as their proprietary platform CMC Markets Invest, offering versatility for traders.
Educational Resources: The company offers a comprehensive range of educational resources such as video tutorials, glossary, webinars, eBooks, podcasts, and news analysis to help traders enhance their knowledge and skills.
Customer Support: CMCMarkets provides 24/5 customer support through various channels, including phone, live chat, and social media platforms, ensuring prompt assistance and resolving queries effectively.
Cons of CMCMarkets:
Maximum Leverage Unknown: The lack of information regarding the maximum leverage offered by CMCMarkets can be a limitation for traders who rely on leverage as a trading strategy.
Limited Information on Spreads and Commissions: The absence of detailed information about spreads and commissions may make it challenging for traders to accurately assess the cost of trading on the platform.
Dormancy Fee: CMCMarkets charges a dormancy fee if there is no trading activity for 12 months, which may pose an additional cost for inactive accounts.
Merchant Fees for Deposits: Deposits made via credit or debit cards attract merchant fees, which can add to the overall transaction costs for traders.
Withdrawal Restrictions: The limitation on withdrawing funds only up to the initial deposit amount on the registered card may restrict traders' flexibility in managing their funds.
Limited Availability of Information on Leverage, Deposits, and Withdrawals: The provided information lacks specific details regarding leverage options, minimum deposit requirements, and withdrawal processing times, which may require traders to seek additional clarification.
Advantages | Disadvantages |
CMCMarkets offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, CMCMarkets has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
CMCMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, CMCMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that CMCMarkets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with CMCMarkets or any other MM broker.
CMCMarkets is an established brokerage firm registered in Australia and regulated by FCA, FMA, MAS, and IIROC. With over 20 years of experience, they offer a wide range of trading instruments including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders can access their services through the popular MT4 platform as well as CMC Markets Invest. CMCMarkets provides a flexible account structure with no minimum initial deposit requirement and offers a free demo account for practice trading. They have a strong customer support system, available 24/5, and provide various educational resources to assist traders in their financial journey.
In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
CMC Markets provides a diverse range of trading instruments to cater to the needs of different traders. With CFD trading, users have the flexibility to go long or short on a variety of assets including forex, indices, commodities, and cryptocurrencies. This allows traders to profit from both rising and falling markets, maximizing their trading opportunities. In addition, CMC Markets offers share investing, enabling users to buy and sell shares and securities across 16 markets. This allows for a comprehensive portfolio diversification and investment in different sectors and industries. Furthermore, CMC Markets provides access to treasuries and ETFs, allowing traders to trade and invest in these financial instruments.
Advantages | Disadvantages |
Competitive spreads for major currency pairs. | Spreads are indicative and may vary in volatile market conditions. |
Transparent commission structure for specific instruments. | Commissions apply to certain markets, which may increase trading costs. |
Clear information on minimum commission charges. | Dormancy fee charged for accounts with no trading activity for 12 months. |
Dormancy fee based on account currency, providing clarity for users. | Dormancy fee may be considered a disadvantage for inactive traders. |
Wide range of country-specific commission charges. | Commissions vary depending on the country/market, potentially impacting trading costs. |
CMC Markets offers competitive spreads for major currency pairs, with a live spread form indicating indicative prices. However, it's important to note that spreads may vary, especially during volatile market conditions. The company adopts a transparent commission structure, with commissions varying depending on the specific instruments traded. Traders can refer to the provided information to determine the commission charges applicable to their trades. It is worth mentioning that commissions are subject to minimum charge requirements, such as the minimum commission charge of US$10 for US shares. Additionally, CMC Markets implements a dormancy fee for accounts with no trading activity for 12 consecutive months, based on the account currency. While this fee promotes account activity, traders who remain inactive may incur additional costs. Traders should carefully consider these factors and evaluate their trading strategies to effectively manage spreads, commissions, and other associated costs.
Account currency | Monthly inactivity fee |
AUD | 15 |
USD | 15 |
HKD | 100 |
Country/market | Commission charge | Minimum commission charge |
Australia | 0.09% | AUD 7.00 |
UK | 0.08% | GBP 9.00 |
US | 2 cents per unit | USD 10.00 |
Austria | 0.08% | EUR 9.00 |
Belgium | 0.10% | EUR 9.00 |
Denmark | 0.08% | DKK 90.00 |
Finland | 0.08% | EUR 9.00 |
France | 0.06% | EUR 5.00 |
Advantages | Disadvantages |
Two live account options: Standard and Alpha. | Different account types may have varying features and requirements. |
Standard account offers zero brokerage fee for the first buy order up to $1,000. | Alpha account may have higher brokerage fees for certain buy and sell orders. |
Alpha account provides lower brokerage fees for most buy and sell orders. | Alpha account may have specific eligibility criteria or minimum balance requirements. |
Flexibility to choose an account type based on individual trading preferences. | Different account types may have different access to certain features or trading tools. |
Demo account available, allowing users to practice and familiarize themselves with the platform. | Account types may have specific terms and conditions, which traders should review before choosing. |
CMC Markets offers two live account types, Standard and Alpha, providing traders with options that suit their individual needs. The Standard account offers a unique advantage by providing zero brokerage fee for the first buy order up to $1,000. This feature allows traders to make their initial investment without incurring any brokerage costs. On the other hand, the Alpha account offers lower brokerage fees for most buy and sell orders, providing cost-saving opportunities for active traders. It is important to note that different account types may have specific eligibility criteria or minimum balance requirements, and traders should consider these factors when choosing an account type. Additionally, CMC Markets provides a free demo account, enabling traders to practice and familiarize themselves with the platform before opening a live account. Traders have the flexibility to select the account type that aligns with their trading preferences, taking advantage of the benefits offered by each option. It's recommended to review the terms and conditions associated with each account type to ensure a comprehensive understanding of the features, costs, and available support.
Advantages | Disadvantages |
MT4 platform widely recognized and popular. | CMC Markets Invest may have a learning curve. |
Access to a wide range of technical indicators and automated trading tools. | Limited features compared to CMC Markets Invest. |
CMC Markets Invest offers a proprietary platform. | Smaller community and fewer third-party plugins compared to MT4. |
Seamless integration with other CMC Markets services and features. | Compatibility limitations with certain operating systems or devices. |
User-friendly interface and intuitive navigation. | MT4 platform may require technical knowledge for advanced customization. |
Access to a wide range of trading instruments and market analysis tools. | Less frequent updates or improvements compared to CMC Markets Invest. |
CMC Markets provides traders with two platform options: MT4 and CMC Markets Invest. MT4 is a widely recognized and popular trading platform known for its extensive range of technical indicators and automated trading tools. It offers a user-friendly interface and provides access to a diverse set of features. On the other hand, CMC Markets Invest is a proprietary platform specifically designed for CMC Markets clients. It offers seamless integration with other CMC Markets services and features, providing a cohesive trading experience. While MT4 has a larger community and third-party plugins, CMC Markets Invest may have a learning curve for new users and a smaller community. Traders can choose the platform that suits their preferences, whether they prefer the familiarity and customization options of MT4 or the integrated features of CMC Markets Invest.
The maximum leverage offered by CMCMarkets is currently unknown. While leverage can provide traders with several advantages, such as greater trading flexibility, potential for higher profits, increased market access, and enhanced trading opportunities, it also comes with certain disadvantages. One of the primary disadvantages is the increased risk exposure, as leverage magnifies both gains and losses. Traders need to exercise caution and implement proper risk management strategies to avoid significant losses. Additionally, the use of leverage requires a good understanding of the market and trading principles to make informed decisions. It's important to note that the lack of information regarding the maximum leverage offered by CMCMarkets may make it difficult for traders to assess the level of risk involved in their trading activities.
Advantages | Disadvantages |
Multiple funding options (credit/debit cards, bank transfers) | Charges for credit card payments (1%) and debit card payments (0.6%) |
Convenient online withdrawal process | Additional charges for bank transfers from outside Australia |
Ability to withdraw funds to registered credit/debit cards | Limited withdrawal amount to initial deposit |
Withdrawal requests processed quickly | Possible requirement for additional information/proof of identity |
Secure withdrawal process |
The dimension of deposits and withdrawals with CMCMarkets offers several advantages and a few considerations to keep in mind. One of the advantages is the variety of funding options available, including credit/debit cards and bank transfers. The online withdrawal process is convenient, and funds can be withdrawn to registered credit/debit cards. Withdrawal requests are typically processed quickly, ensuring prompt access to funds. Additionally, the overall process is secure to safeguard user transactions. However, it's important to note that there are charges associated with credit card (1%) and debit card (0.6%) payments. Additional charges may apply for bank transfers from outside Australia. Moreover, withdrawals are limited to the initial deposit amount on the registered card, and there may be a requirement for additional information or proof of identity. Despite these considerations, the deposits and withdrawals dimension of CMCMarkets provides flexibility and efficiency for users managing their trading accounts.
Advantages | Disadvantages |
1. Wide range of educational resources available | 1. Some resources may require additional fees or charges |
2. Diverse formats including videos, webinars, eBooks, etc. | 2. Information overload can be overwhelming for beginners |
3. Official YouTube channel for additional video content | 3. Lack of personalized guidance or mentorship |
4. Comprehensive resources such as glossary and FAQ | 4. Quality of educational content may vary |
5. News and analysis provide up-to-date market insights | 5. Self-directed learning requires discipline and effort |
6. Accessible for users to enhance their knowledge |
The educational resources dimension at CMCMarkets offers a range of advantages to traders and investors. They provide a wide variety of educational materials, including videos, webinars, eBooks, podcasts, news, analysis, guides, and more. The availability of different formats ensures that users can choose the learning style that suits them best. Additionally, CMCMarkets has an official YouTube channel where users can find additional video content. The comprehensive resources, such as the glossary and FAQ section, help users understand key concepts and terms. The inclusion of news and analysis keeps users informed about market developments. Overall, these educational resources are easily accessible and can greatly enhance users' knowledge and understanding of the financial markets.
You may also visit their official YouTube channel to watch more videos. Here is a video about some basic knowledge that every trader should know.
Advantages | Disadvantages |
1. 24/5 contact availability for customer support | 1. Limited customer support availability on weekends |
2. Dedicated phone lines for CFD and Share Trading inquiries | 2. Potential waiting times to reach a customer support agent |
3. Multiple channels of communication (phone, social media) | 3. Lack of 24/7 customer support |
4. Convenient customer service hours for Share Trading | 4. Language limitations may exist for non-English speaking users |
5. Physical office address provides a sense of trust and security | |
6. Active presence on popular social media platforms |
The customer care dimension at CMCMarkets offers several advantages to users. Firstly, they provide 24/5 contact availability, ensuring that customers can reach out for support during weekdays. The dedicated phone lines for CFD and Share Trading inquiries allow for specialized assistance in each area. Multiple communication channels, including phone, social media platforms like Facebook, Twitter, LinkedIn, and YouTube, offer users flexibility in choosing their preferred method of contact. The convenient customer service hours for Share Trading align with market opening hours, enabling timely assistance. Additionally, the physical office address in Sydney provides customers with a sense of trust and security. CMCMarkets' active presence on popular social media platforms allows users to stay updated and engaged. However, it's important to note that there may be limitations to customer support availability on weekends and potential waiting times to connect with a representative.
In conclusion, CMCMarkets is an Australia-registered company that has established itself as a reputable and regulated broker in the financial industry. With over 20 years of experience, they offer a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders have the flexibility to choose from different account types and access their platform through MT4 or their proprietary platform, CMC Markets Invest. The availability of a free demo account and extensive educational resources further enhance the trading experience for both novice and experienced traders. Customer support is readily available through various channels, ensuring prompt assistance and resolving queries effectively. However, the lack of information on maximum leverage, detailed spreads and commissions, as well as certain fees like the dormancy fee and merchant fees for deposits, could be considered as limitations. Despite these drawbacks, CMCMarkets' strong regulatory compliance, diverse trading offerings, and commitment to providing educational resources contribute to its appeal as a trusted brokerage firm. Traders should conduct thorough research and consider their individual needs before deciding to engage with CMCMarkets or any other broker.
Question: How can I fund my CMCMarkets account?
Answer: You can fund your CMCMarkets account by using a credit or debit card or by transferring funds from your bank account. Please note that third-party payments are not accepted, and additional charges may apply for bank transfers from outside of Australia.
Question: What are the trading platforms offered by CMCMarkets?
Answer: CMCMarkets provides two trading platforms: MT4 and their own platform called CMC Markets Invest. These platforms offer a range of features and tools to support your trading activities.
Question: Is there a minimum initial deposit required to open an account with CMCMarkets?
Answer: No, CMCMarkets does not require a minimum initial deposit. You can start trading with any amount you are comfortable with.
Question: Does CMCMarkets offer a demo account?
Answer: Yes, CMCMarkets provides a free demo account that allows you to practice trading with virtual funds. It's a great way to familiarize yourself with the platform and test your trading strategies without risking real money.
Question: How can I contact customer support at CMCMarkets?
Answer: You can contact CMCMarkets' customer support team by calling their phone number 1300 303 888. They are available 24/5 for CFD inquiries and have specific hours for Share Trading inquiries. You can also reach out to them through their official social media channels or visit their office in Sydney, Australia.
Question: What are the trading instruments available on CMCMarkets?
Answer: CMCMarkets offers a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. This provides you with various options to diversify your trading portfolio.
Question: Does CMCMarkets charge any fees for deposits or withdrawals?
Answer: CMCMarkets does not charge any fees for deposit or withdrawal operations. However, please note that payment systems may have their own fees, and internal currency conversion rates may apply.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive exness and cmc-markets are, we first considered common fees for standard accounts. On exness, the average spread for the EUR/USD currency pair is À partir de 0,3 pips, while on cmc-markets the spread is Currency pairs 0.7 pips, gold0.3 US dollars, crude oil 0.03 US dollars.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
exness is regulated by CYSEC,FCA,FSCA,FSA. cmc-markets is regulated by FCA,FCA,FMA,BaFin,AMF,IIROC,MAS,ASIC,BaFin.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
exness provides trading platform including Standard,Pro,Zero,Raw Spread,Standard,Standard Cent and trading variety including Forex, métaux, e-monnaies, énergies, actions, indices. cmc-markets provides trading platform including Next Generation and trading variety including Forex, stocks, stock indexes, commodities, bonds, CFDs.