CMC Markets started out as a foreign exchange broker (sometimes also called forex) in 1989 when entrepreneur Peter Cruddas famously started the company with a £10,000 investment. Peter called his firm the "Currency Management Corporation" and set up a small office with just a desk and a phone. In 1996 Peter launched the world's first online forex trading platform. Since then CMC Markets has evolved into one of the world’s leading online CFD providers and financial spread betting companies, with over 26 million trades executed annually.
Foundation Year:
1989
Regulated By:
ASIC (Australia), FSA (UK) FSA (Japan), IIROC (Canada) BaFIN (Germany), FSPR (New Zealand) FSA (Sweden), FFA (Japan) MAS (Singapore)
Website Languages:
Chinese, Danish, English, French, German, Japanese, Spanish, Swedish
Account Options
Broker Type:
Market Maker
Account Currencies:
ALL
Majors Spread:
EUR/USD:
1.1
GBP/USD:
1.4
USD/JPY:
1.7
Maximum Leverage:
1000:1
Minimum Trade Size:
1
Scalping:
No
Hedging:
Yes
Retirement Account:
No
Free Demo Account:
Yes
Touch Options:
No
Traders From USA:
No
Islamic Account:
No
Fees & Commissions
Commissions:
Forex:
No
CFDs:
0.075%.
Stocks:
0.10% AUS Only
Options:
$44 AUS Only
Spread Betting:
0.075%
Margin Interest:
Yes
Depositing Fees:
Credit:1.8%
Withdrawal Fees:
Wire: £15 (Same Day)
Service Details
Supported Languages:
Chinese, English, French, German, Italian, Japanese, Spanish, Swedish