FP Markets	Basic Information
Registered Country	Sydney, Australia
Founded in	2005
Regulation	ASIC, CySEC
Minimum Deposit	$100
Trading Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals, Bonds, and ETFs
Trading Platforms	MetaTrader 4, MetaTrader 5, Iress
Account Types	Standard, Raw, Islamic, Demo
Leverage	Up to 1:500
Spreads	From 0.0 pips
Commission	$3.00 per side per 100k traded (Raw Account only)
Deposit and Withdrawal Methods	Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, POLi, FasaPay, China Union Pay, BPay, PayPal
Customer Support	24/7 Live Chat, Email, Phone Support, Knowledge Base, Video Tutorials
Educational Resources	Webinars, eBooks, Trading Videos, Trading Tools, Market Analysis, Economic Calendar

Overview of FP Markets

FP Markets is an Australian-based online brokerage firm that offers various trading instruments including forex, shares, indices, metals, and cryptocurrencies. The company was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets provides clients with access to multiple trading platforms including MetaTrader 4, MetaTrader 5, and IRESS. The broker also offers several account types to cater to the needs of different traders, including Standard andRaw, with the minimum deposit to open a standard account starting from $100 AUD or equivalent amount. The standard account is designed for novice traders, while the Raw account is intended for more experienced traders who require tighter spreads and faster execution speeds. In addition, the company offers Islamic accounts, as well as a free demo account for traders to test their strategies in a risk-free environment.

When it comes to trading conditions, FP Markets is known for its competitive spreads and low commissions. The broker also offers high leverage options of up to 500:1 for forex trading. Additionally, the broker offers various 24/7 customer support and rich educational resources such as webinars, trading guides, and video tutorials, which can help both novice and experienced traders to improve their trading skills.

Is FP Market Legit or a Scam？

Yes, FP Markets is a regulated broker. They are regulated by two reputable regulatory bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). ASIC is known for its strict regulations and is considered to be one of the most trusted regulators in the world. CySEC is also a reputable regulator and is responsible for regulating the financial markets in Cyprus, which is an important hub for forex and CFD trading. FP Markets' adherence to these regulatory bodies' rules and regulations ensures its transparency, and fairness in its operations.

Pros and Cons of FP Markets

FP Markets has several pros, including its strong regulatory framework, low trading fees, diverse range of financial instruments, and robust trading platforms. The broker also offers various account types to suit the needs of different traders and provides excellent customer support. However, some potential cons of FP Markets include limited live trading account types, high inactivity fees, and the fact that the broker is not available to clients from certain countries.

Pros	Cons
Regulated by reputable authorities (ASIC, CySEC)	No support for U.S. clients
Wide range of trading instruments	Limited live account types
Website easy to navigate	Inactivity fee charged on dormant accounts
Low spreads and competitive pricing	No social trading platform offered
Generous leverage up to 1:500	Minimum deposit not the friendiest compared to other brokers
Rich educational resources available
Negative balance protection
Multiple trading platforms, MT4, MT5 and Iress
High-quality customer service and support

Market Intruments

FP Markets offers over 2250 market instruments for traders to choose from, including forex pair ( over 60) , indices, commodities (Coffee, natural gas, corn & more) , metals (Gold, oil, silver & more), cryptocurrencies, bonds (US10YR & UK Long Gilt Futures GILT), shares ( more than 10,000) and more. With Forex, traders can access major currency pairs, as well as minor and exotic currency pairs. For indices, FP Markets offers a selection of popular indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and more. In the commodities market, traders can trade precious metals like gold and silver, as well as oil, natural gas, and other commodities. FP Markets also offers trading in cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, as well as shares from various exchanges, including the NYSE and NASDAQ. Overall, FP Markets provides a diverse range of market instruments for traders to choose from.

Behold, a comparison table of the vast array of market instruments offered by reputable brokers FP Markets, IC Markets, FXTM, and Exness:

Market Instruments	FP Markets	IC Markets	FXTM	Exness
Forex	60+	65+	60+	120+
Commodities	15+	19+	3+	10+
Indices	20+	18+	11+	10+
Stocks	10,000+	120+	180+	0
Cryptocurrencies	5+	10+	5+	5+

Account Types

When it comes to FP Markets' account types, there are a few important things to consider. Firstly, it is worth noting that the available account types depend on which trading platform you choose to use. The MT4 and MT5 platforms offer Standard and Raw account types, while the iRESS trading platform offers both Retail and Wholesale/Professional account types.

Let's take a closer look at each account type. The Standard account offers commission-free trading with spreads starting from 1.0 pip, while the Raw account offers commission-based trading with spreads starting from 0.0 pips. The Raw account is designed for traders who require lower spreads and are willing to pay a commission for the privilege.

On the other hand, the iRESS trading platform offers both Retail and Wholesale/Professional account types. The Retail account offers commission-free trading with spreads starting from 0.0 pips, while the Wholesale/Professional account offers commission-based trading with spreads starting from 0.0 pips. The Wholesale/Professional account is designed for traders who require lower spreads and have higher trading volumes, and are therefore able to access deeper liquidity pools.

Each account type has its own minimum deposit requirement, which varies depending on the platform and account type you choose, with Standard and Raw (MT4 & MT5）starting from $100 AUD or equivalent, retail and wholesale account from $1,000. In addition, each account type offers different leverage options, depending on the financial instrument being traded.

Pros	Cons
Multiple account types to choose from	Limited leverage options for certain account types
Low minimum depoist for Standard and Raw account	Minimum deposit requirements can be high for some retail and professional account
Ability to trade multiple markets with IRESS platform	Some account types may have higher commission fees
Access to multiple trading platforms	Limited cryptocurrency trading options
Professional account options for experienced traders	Demo accounts only available for a limited time period
High-speed order execution with ECN trading technology	Swap-free account options may not be available for all account types

Demo Accounts

FP Markets offers free demo accounts for both the MT4 and MT5 platforms, allowing traders to practice their strategies and familiarize themselves with the platforms before opening a live trading account. The demo accounts provide access to real-time market data, competitive spreads, and a range of trading tools, making it an ideal option for traders of all levels to test their trading skills without risking their capital.

One of the key advantages of FP Markets' demo accounts is that they allow traders to experience the same trading conditions as their live accounts, giving them a realistic view of the market environment. In addition, the demo accounts are unlimited, meaning that traders can practice for as long as they want without any time restrictions.

FP Markets' demo accounts are valid for 30 days. However, if you require an extension, you can contact their customer support team to request it. They may extend the demo account for an additional 30 days.

Islamic Accounts

FP Markets offers Islamic or swap-free accounts to clients who follow the Muslim faith and cannot receive or pay interest due to religious reasons. These accounts comply with Sharia law and allow traders to hold positions overnight without incurring any rollover fees or interest charges.

FP Markets' Islamic accounts are available for all account types, including the Standard and Raw accounts for MT4 and MT5, as well as the iRESS Trading platform. Traders can open an Islamic account by submitting a request to the FP Markets support team, which will review and approve the application.

How to open an account？

Here is some more detailed information about how to open an account with FP Markets:

To begin the account opening process, prospective clients can go to the FP Markets website and click on the “Open Live” button. They will then be directed to a page where they can choose between opening a live or a demo account.

After selecting the account type, clients will need to fill out an application form that requires personal and financial information. This includes details such as their full name, email address, phone number, country of residence, and employment status.

Clients will also need to provide some identification documents, such as a passport or national ID card, as well as proof of address, which could be in the form of a utility bill or bank statement. FP Markets takes security seriously and has a strict verification process to ensure the safety of client funds and information.

Once the application has been submitted and the client's identity and address have been verified, they will receive an email with their login credentials and instructions on how to fund their account. FP Markets offers a variety of payment options, including credit/debit cards, bank transfers, and various e-wallets.

Leverage

The leverage offered by FP Markets for other instruments varies based on the type of instrument and the entity under which it operates. For example, the Australian entity of FP Markets offers a maximum trading leverage of up to 1:500 for major forex trading, while the CySEC entity offers a maximum trading leverage of up to 1:30 for forex trading. Besides, for commodities and indices, the maximum leverage available is usually lower than for forex trading.

Please bear in mind that trading with leverage involves a higher degree of risk, and traders should use it wisely and with caution. It is always advisable to understand the risks involved and have a sound risk management plan in place before using leverage in trading.

Spreads & Commissions

FP Markets offers competitive spreads and commissions for its traders. The spreads for forex trading start from as low as 0.0 pips, depending on the type of account and trading platform. The Raw account, which is available on both the MT4 and MT5 trading platforms, charges a commission of $3 per side per lot traded, while the Standard account has no commission but slightly wider spreads.

For trading CFDs on indices, FP Markets charges a commission starting from $10 per lot, while the spreads start from 0.5 points. The commission and spreads for other instruments, such as commodities, shares, and cryptocurrencies, vary depending on the specific instrument and trading platform.

FP Markets offers an Active Traders program that provides discounted trading fees for high-volume traders. Traders who meet certain trading volume requirements can receive rebates on their commissions and reduced spreads.

We've gathered data on EUR/USD, XAU/USD, Brent Crude Oil, and Bitcoin (BTC/USD) from top-notch brokers, including FP Markets, IC Markets, FXTM, and Exness, so you can make an informed decision on where to place your trades.

Broker	EUR/USD Spreads (pips)	XAU/USD Spreads(pips)	Brent Crude Oil Spreads(pips)	Bitcoin Spreads(pips)
FP Markets	0	15	3	18.66
IC Markets	0	20	3	60
FXTM	1.3	20	3	130
Exness	0.9	17	2	80

Non-Trading Fees

In addition to trading fees, FP Markets also charges non-trading fees that traders should be aware of before opening an account. The broker charges an inactivity fee of AUD 10 per month on accounts that have been inactive for more than six consecutive months. FP Markets also charges a withdrawal fee of AUD 20 for withdrawals made via bank transfer, while withdrawals made via credit/debit card or e-wallets are free of charge.

Moreover, FP Markets offers a VPS service to its clients, allowing them to access their trading accounts from anywhere in the world. However, the VPS service is not free and is available at an additional cost of AUD 30 per month. The broker also offers a copy trading service called “MAM/PAMM,” which allows traders to copy the trades of professional traders. This service is also available at an additional cost of 10% performance fee.

Besides, FP Markets also charges swap interest for holding positions overnight. The swap rates can be either positive or negative depending on the currency pair and the direction of trade.

Pros	Cons
No deposit or withdrawal fees for most methods.	Inactivity fee charged after 6 months of inactivity.
No account administration fees.	Some payment methods may incur fees charged by third-party providers.
No fees charged for Islamic accounts.	Overnight financing fees (swaps) are charged on positions held overnight.
Low conversion fees for deposits and withdrawals in different currencies.

Trading Platform

FP Markets offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the IRESS platform for advanced traders.

The MT4 platform is well-known for its user-friendly interface and extensive range of analytical tools, making it a popular choice among traders of all levels. The MT5 platform is an upgraded version of MT4, offering additional features such as more timeframes, additional order types, and advanced technical analysis tools.

The IRESS platform is designed for more advanced traders who require direct market access (DMA) and the ability to trade a variety of financial instruments, including stocks, futures, and options, as well as forex and CFDs.

Please note that FP Markets charges fees for using the MT4 and MT5 trading platforms. The fees depend on the account type and trading platform being used. For example, Standard account holders using the MT4 platform are charged zero commissions for various tarding assets, while Raw account holders are charged a commission of $3.5 AUD per lot for forex trades on the same platform. On the MT5 platform, both Standard and Raw account holders are charged a commission of $6 per lot for forex trades. It's important to note that these fees are subject to change and may vary depending on the instrument being traded.

Here is the comprehensive table comparing the top trading platforms offered by FP Markets and other reputable brokers such as IC Markets, Exness, and Avatrade:

Broker	Trading Platform	Desktop/Mobile/Web	Number of Instruments	Minimum Deposit
FP Markets	MT4, MT5, IRESS	Desktop, Mobile	10,000+	$100
IC Markets	MT4, MT5, cTrader	Desktop, Mobile, Web	300+	$200
Exness	MT4, MT5	Desktop, Mobile, Web	150+	$1
Avatrade	MT4, MT5, AvaOptions	Desktop, Mobile, Web	1000+	$100

Copy Trading

FP Markets presents comprehensive copy trading services. The options include an embedded MT4 service from a leading algorithmic broker, an embedded MT5 service ideal for equity CFD copy trading, and an embedded cTrader service as a reasonable MT4 alternative. Additionally, traders can leverage the well-trusted third-party service Myfxbook AutoTrade or explore the fee-based emerging alternative Signal Start. Furthermore, FP Markets provides an in-house maintained copy trading service, FP Markets Social Trading, catering to traders seeking a proprietary solution.

Deposit & Withdrawal

Minimum Deposit

FP Markets requires a minimum deposit of $100. This means that you can not open an account with FP Markets unless you deposit at least $100. However, it is important to note that some payment methods may require a higher minimum deposit. For example, if you are using a bank wire transfer, the minimum deposit may be higher than $100 due to processing fees.

The following is a table showing the comparison of the minimum deosit required by FP Markets and other brokers, avatrade, exness, and ic markets:

Broker	Minimum Deposit
FP Markets	$100
Avatrade	$100
Exness	$1
IC Markets	$200

FP Markets offers a variety of convenient deposit and withdrawal methods to ensure that clients can easily fund and withdraw their accounts. Clients can deposit funds using credit/debit cards, bank wire transfers, electronic wallets such as Neteller, Skrill, POLi, and FasaPay. FP Markets does not charge any deposit fees, and the processing time for deposits is usually instant or up to 1 business day, depending on the deposit method.

Withdrawal

For withdrawals, clients can use the same methods they used for depositing, and FP Markets does not charge any fees for most withdrawal methods. Withdrawal processing times vary depending on the method used, with electronic wallets usually taking up to 24 hours, while bank transfers can take 3-5 business days. Clients are advised to verify their accounts before making a withdrawal to avoid any delays or complications in the withdrawal process. Additionally, FP Markets offers free internal transfers between accounts, making it easy for clients to manage their funds across multiple trading accounts.

Pros	Cons
Fast processing times for deposits and withdrawals	Limited payment options compared to other brokers
No fees for most deposit and withdrawal methods	High withdrawal fees for bank transfers
Multiple currency options for account funding	No support for some popular payment methods
Availability of convenient payment methods

Customer Support

FP Markets offers a range of customer support options to its clients, including email, phone, live chat, and an online contact form. The broker also provides access to a range of educational resources and tools, including a knowledge base, video tutorials, webinars, and trading guides. Additionally, FP Markets offers multilingual support in several languages, including English, Chinese, Spanish, and Portuguese.

In addition, FP Markets has an extensive FAQ section on their website that covers a wide range of topics and can help clients find answers to their questions quickly. 24/7 customer support is a significant advantage for clients who may need assistance outside of regular business hours.

Pros	Cons
24/7 customer support availability	Limited language support for customer service
Multiple customer support channels (phone, email, live chat)	No dedicated account manager for clients
Fast response times to customer inquiries and requests	No in-person support or local offices in some countries
Extensive knowledge base and educational resources	Limited social media presence for customer support

Educational Resources

FP Markets offers a wide range of educational resources to help traders improve their knowledge and skills in trading. These resources include video tutorials, webinars, trading guides, and market analysis. The broker also provides a demo account for traders to practice their trading strategies without risking real money. Additionally, FP Markets has a blog section on its website, which covers various trading topics and market updates.

Overall, the educational resources provided by FP Markets are comprehensive and easily accessible to traders. The broker's commitment to educating its clients is commendable, and it shows that it values the success of its clients. However, some traders may find that resources are not sufficient for their needs, and may require more personalized educational support.

Pros	Cons
Comprehensive educational resources	Some traders may require more personalized support
Demo account available for practice
Regular webinars and market analysis
Blog section with trading insights

Conclusion

To sum up, FP Markets is a reputable and well-regulated broker that offers a wide range of instruments for traders to choose from, including forex, stocks, commodities, cryptocurrencies, and more. The broker offers multiple account types, including demo, Islamic, and standard accounts, as well as various trading platforms such as MT4, MT5, and iRESS. FP Markets also provides 24/7 customer support and a comprehensive range of educational resources for traders of all levels. While there are some potential drawbacks such as non-trading fees and limited leverage for certain instruments, the overall trading experience with FP Markets is generally positive.

FAQs

Question: Does FP Markets offer demo accounts？

Answer: Yes, FP Markets offers demo accounts which can be used for practicing trading strategies and familiarizing oneself with the trading platforms.

Question: What is the minimum deposit requirement at FP Markets？

Answer: The minimum deposit requirement at FP Markets is $100.

Question: What instruments can be traded at FP Markets？

Answer: FP Markets offers a wide range of instruments including forex, shares, indices, commodities, cryptocurrencies, and more.

Question: Does FP Markets offer Islamic accounts？

Answer: Yes, FP Markets offers Islamic accounts for clients who require them.

Question: What is the maximum leverage available at FP Markets？

Answer: The maximum leverage available at FP Markets varies depending on the regulatory jurisdiction. The Australian entity offers up to 1:500 leverage for forex trading, while the CySEC entity offers up to 1:30.

Question: What are the trading fees at FP Markets？

Answer: FP Markets charges spreads and commissions on trades, with the specific fees varying depending on the trading instrument and account type.

Question: What are the deposit and withdrawal options at FP Markets？

Answer: FP Markets offers a range of deposit and withdrawal options including bank transfers, credit/debit cards, e-wallets, and more.

Question: What kind of customer support is available at FP Markets？

Answer: FP Markets offers 24/7 customer support through various channels including live chat, email, and phone.

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 and cons of CMCMarkets

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.

What type of broker is CMCMarkets？

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.

General information and regulation of CMCMarkets

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.

Market instruments

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.

Spreads and commissions for trading with CMCMarkets

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

Trading accounts available in CMCMarkets

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.

Trading platform(s) that CMCMarkets offers

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.

Maximum leverage of CMCMarkets

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.

Deposit and Withdrawal: methods and fees

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.

Educational resources in CMCMarkets

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.

Customer service of CMCMarkets

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.

Conclusion

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.

Frequently asked questions about CMCMarkets

• 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.