CMC Markets Spread Betting Reviews - www.cmcmarkets.co.uk

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★★☆☆☆
1.8 / 5
23% of users recommend this
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Latest Reviews

★☆☆☆☆

“RIGGED”

Written on: 21/12/2014 by pwEnglish464 (1 review written)

Ok so we know they have to make money on the spread they offer but they rig the market ridiculously its beyond a joke! 3 positions all winning even with real time data from the LSE (London Stock Exchange) and it miracuosly makes my account go to drop out value ending all my positions? A JOKE SERVICE DO NOT USE there demo account is nothing like the live account!… Read Full Review

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★★★★★

“Huge platform improvement”

Written on: 08/11/2014 by Heidih315 (1 review written)

CMC have recently upgraded their platform and there's been a huge improvement, particularly with the charting and MorningStar analysis which as far as I know nobody else offers. Would certainly recommend someone who moved away to take a look again… Read Full Review

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★★☆☆☆

“Mixed experience on SB”

Written on: 06/04/2014

Hello ladies/gents, I have recently opened account with CMC after seeing there gd spreads and margin req required for my mixed strategy. I felt the stops being triggered but still closed account with 38% profit. I couldn't find a better broker with that much leverage and spreads and went to open account again. but before i made that decision i read this and thought everyone should be aware of what are you getting into. We act as a market-maker. 4.1 Although the prices generated by our platform… Read Full Review

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Ello1949's Comment

Written on: 28/08/2014

They are still at it triggering stops miles away from the action.
If this was run as a straight business they would still make
money. Maybe not the 10 billion quid the owner is reported
as having trousered in the last couple of years but surely
enough to manage or perhaps it's never enough. With an
unending supply of mugs and a never give a sucker an even
break philosophy CMC will be going from strength to strenght
until the law changes.

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★☆☆☆☆

“Stay away that broker. ”

Written on: 09/09/2013 by canztr (1 review written)

You can live witdrawal problems with them. they don't accept documents and They don't see country's document differences. They opened account and now i live withdraval problem. Their procedure is not easy or they like keep clients funds in their company. STAY AWAY FROM CMC MARKETS . FIND ANOTHER BROKER WHICH ACCEPT ONLINE SCANNED DOCUMENTS. … Read Full Review

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Boomer6734's Response to canztr's Review

Written on: 13/11/2013

They must have problems. I have had trouble removing money for months and to avoid paying they try to hide behind ridiculous regulatory and documentary claptrap which does not apply.
I'm trying to remove my money and would suggest anyone else with cash there does the same.

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★★★★★

“Great platform, spreads and trading tools”

Written on: 21/08/2013 by Mattwils (1 review written)

I was looking for a FX, index and commodities provider who would give me 100% automation, not kill my orders as others do. I need instant execution and tight spreads for my strategy and pleased to say cmc platform ticks all the boxes. They are the first I've seen to offer cash commodities as well as futures… Read Full Review

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★★★★★

“Powerful platform with clear design”

Written on: 15/08/2013

First off, I'm definitely a beginner to trading, so can't really advise on some of the more advanced features, but I found the platform easy to use. It takes a little bit of time to get yourself up to speed with all the options, but once I'd done that I found that it did everything I needed. They also have some videos on their youtube channel that take you through some of the basics and some of the more advanced ideas too that I found useful. I guess it depends what level you're at but I… Read Full Review

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★★★★★

“New platform has made a BIG difference”

Written on: 31/07/2013

I have been a customer of CMC Markets for years and really liked their old market maker platform, which was much better than the "new" one they launched a few years ago. They have recently updated their new platform and it is a vast improvement! It has all the features it was missing from when they first made it available and I have to say, it is definitely the best platform to use if you trade the markets fairly actively (which I do). I have also got someone as my contact now who I can call… Read Full Review

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★☆☆☆☆

“I have been trading with them for some time now, and...”

Written on: 20/02/2013

I have been trading with them for some time now, and in that time I have lost a lot of money. Reading others people's review I totally agree. The final knife in the coffin is their new bet financing costs. You NO LONGER RECEIVE any positive carry as they hovered it up with their haircut. You can no longer hold positions over the medium to long term as they will just hover all you cash up. Even trying to scalp is challenging with them as you wonder where the hell they are getting their… Read Full Review

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★★★★☆

“Pretty decent operation, good platform features”

Written on: 28/01/2013 by Stevebaker05 (1 review written)

Been using these guys for about 12 months, regular platform updates, which is good, much more advanced features than ig, city and capitals, was recommnded by a friend, not sure why so many reviews on here are so negative. Customisable platform, easy to use and 0.7pts on EURUSD, though you don't always get it. One piece of feedback is their platform is not for scalpers, I use MT4 with alpari or fxcm for my EA's which is perfect for couple of pips in and out with decent risk/reward. CMC is worth… Read Full Review

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★☆☆☆☆

“They are Smartly Dressed, Beautiful... and Scammers”

Written on: 12/12/2012 by dharmi (1 review written)

There are so many things I hate about CMC that I'd feel better writing what I like about them. 1) They have a nice colourful platform (CMC NextGen platform) 2) Their staff is polite - at least, more polite than other brokers' staff. Of course, they are also very condescending. I am a professional trader. I KNOW all the stuff about technical analysis, money management, position sizing, stop losses, etc. I make money when I trade via regular brokers. I opened a CMC account to hedge - eg when… Read Full Review

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★☆☆☆☆

“CMC Group V's IG Markets”

Written on: 05/11/2012

Same Stock, Same Price, Same Stop loss... I was Stopped 40% more using CMC Markets then using IG Markets.. So there you go CMC Group is a company that profits from your losses especially targeting Amateurs who are new to this game… Read Full Review

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★★☆☆☆

“Platform poor . Techncial help nonexistent”

Written on: 25/10/2012 by obts (7 reviews written)

CMC markets are bad news. They have forced all onto a new trading platform. The graphical package is weird. Saved charts default without warning. The system logs off by itself just when you want to bet. . There are no fractional bets on the spread bet side so some minimum exposures are £20K , other £200. Worse of all they have no arrangement for technical people to call to sort out problems. . just customer service who shrug their shoulder at techncial issues… Read Full Review

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★☆☆☆☆

“Reviews are accurate”

Written on: 20/09/2012

I'm usually pretty sceptical about reviews, but unfortunately, the ones here are accurate. I've now had three instances, where the CMC spread suddenly jumps without any correlation to the underlying markets. For me, the use of stop loss positions is vital to managing risk, but you simply can't use them with this company for fear of these sudden price jumps… Read Full Review

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Obts's Comment

Written on: 25/10/2012

CMC markets are bad news. They have forced all onto a new trading platform.
The graphical package is wierd. Saved charts default without warning. The system logs off by itself just when you want to bet. . There are no fractional bets on the spread bet side so some minimum exposures are £20K , other £200. Worse of all they have no arrangement for technical people to call to sort out problems. . just customer service who shrug their shoulder at techncial issues.

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★☆☆☆☆

“There a joke”

Written on: 05/07/2012

What ever you do, Do not join cmc, if you want to lose your money then cmc are for you. I have been using CMC not for a few months and use there chart with other chart at the same time. I went into a trade on the spy and was looking for a small move for a scalp. so on the other chart I seen the market move in my favour and was happy as i was in the money. I went into cmc to take my profits off but it wasnt to be. the system had a 20 - 30 sec delay and funny enough i got stopped out. looking… Read Full Review

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★☆☆☆☆

“CMC markets Ireland as big a joke ”

Written on: 17/06/2012 by jojokinely (1 review written)

Do not use CMC markets.ie , they are animals . Carl some Aussie guy is a complete Psycho ! They have no clue any of their team , why would they work for a company if they are that good at predicting the markets , it makes no sense to me . As the other reviews state ,I have also had weird going ons that move in their favor , spikes that do not happen on the real market chart seem to happen when the money you have on is 500 + , Do not use !!!!!!!!… Read Full Review

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★☆☆☆☆

“Open an account but never trade”

Written on: 23/04/2012 by maldarkangel (1 review written)

I have never received anything when I have gone short they charge you if your short they charge you if your long. BUT their platform is one of the best. I would use their charts and trade with another provider for best value for money. In fact if you trade with CMC markets you are complete mug i would know I have traded with them for 4 years. If you are currently using the Market Maker platform they will try to trick you into changing and increase your spreads and your fee's ignore them… Read Full Review

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★☆☆☆☆

“A casino with fixed roulette wheels...”

Written on: 07/03/2012

I a long term trader, I started making money all of a sudden their carrying costs when up too 52% what a ripped off. Impossible to make money any more. Their data is close to fiction on short term… Read Full Review

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Guest's Comment

Written on: 20/04/2012

which broker do you recommend?

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Guest's Comment

Written on: 23/04/2012

I think the charges are far too great and you are forced to use daily contracts where they push up the payments.

I have never received anything when I have gone short they charge you if your short they charge you if your long.

BUT their platform is one of the best. I would use their charts and trade with another provider for best value for money.

Finally don't trust a word their customer service of staff say to you they will lie and mislead you all the way all they care about is making money not you.

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Grozastefan's Comment

Written on: 05/04/2013

Hello,

I also use CMC Markets' services through a trading company. I face strong difficulties in getting back my money. The situation is more detailed; if you want or can help I can related it to you. Plase let m e know. Thanks

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Wazzer2000's Comment

Written on: 20/04/2012

what broker do you recommend?

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★☆☆☆☆

“At least dick turpen wore a balaclava!”

Written on: 02/09/2011 by platt123 (1 review written)

This is just a con, do not put your money anywhere near these guys. They are con men not brokers. How can a platform manipulate the dow jones daily chart to elevat 150 points to trigger your stoploss ...and then drop down a fruther 250 points all within three seconds… Read Full Review

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★☆☆☆☆

“Have been trialing the new system from CMC and have a...”

Written on: 26/02/2011

Have been trialing the new system from CMC and have a few concerns:

1) where do you get your cash commodity prices from, they are very different to exchange prices

2) why do you restrict clients to small tiket sizes, even for liquid stocks?

3) why do you not offer any futures bets?

4) where are all the smallcap and aim stocks that you used to offer

5) why are your financing charges so high on commodities

6) why are your spreads so wide?

7) all stop orders seem to get slipped on the new… Read Full Review

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Guest's Comment

Written on: 28/05/2011

1) take futures and discount them (get rid of interest and cost of carry)
2) because there are no requotes
3) cause spot commodities allow a perpetual chart and there is no factual rollover
4) too expensive and limited hedging for broker
5) because you are used to futures - they are "hidden" in futures and it feels weird to pay finance charges for them
6) because commissions are included
7) i dont know - dont have experience with them

hope this helps

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★☆☆☆☆

“Just to let you know that the dealers at cmc market...”

Written on: 15/02/2011

Just to let you know that the dealers at cmc market does manipulate the spreads and margins when the market is busy. I confront them many times and they are unable to answer my questions correctly because they are lying.The last discrepancy was an order not fill when their chart show the price was met. The dealer explanation was the chart is not always accurate. I have been trading with them for 3 years and know for a fact that the order ticket and chart price is always the same since the… Read Full Review

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