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“I have an account with CMC, my advice to you people...”

Written on: 14/04/2009

Good Points
marketing campaign.

Bad Points
everything apart from flashy marketing campaign.

General Comments
I have an account with CMC, my advice to you people out there: stay away from this business.

My reasons for such harsh review:

-platform (web one) is extremely unreliable. After 15 min it slows down, prices stop updating and you can't close/open positions.

- When you place an order takes ages to get executed, and in today fast changing markets this is extremely unpleasant. Imagine buying ftse at 4002 and getting it at 3986 (happened to me)

I close a position close to end of day, market closed and my order didn't get executed in time. Position was rolled over, lost money and started next day again incurring loss. They apologized for this and refunded but still how can something like this be possible?

-you need to maintain 100 £ in account, if it goes below that you get all positions are closed, not trimmed...closed! Unbelievable

-Once your account goes below 100 £ you can't trade with them, those are your money, you can cover margin, but CMC doesn't let you trade!