CMC Markets Spread Betting www.cmcmarkets.co.uk Reviews
Latest Reviews
★☆☆☆☆
“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 more)
★★★★☆
“Pretty decent operation, good platform features”
Written on: 28/01/2013 by Stevebaker05
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... (read more)
★☆☆☆☆
“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... (read more)
★☆☆☆☆
“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 more)
★★☆☆☆
“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 more)
★☆☆☆☆
“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 more)
★☆☆☆☆
“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 more)
★☆☆☆☆
“CMC markets Ireland as big a joke ”
Written on: 17/06/2012 by jojokinely
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 more)
★☆☆☆☆
“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 more)
★☆☆☆☆
“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 more)
Guest's Comment
Written on: 20/04/2012
which broker do you recommend?
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Wazzer2000's Comment
Written on: 20/04/2012
what 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.
Reply to this comment
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
Reply to this comment
See next 10 reviews
Showing 1 - 10 of 41 Reviews
★☆☆☆☆
“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 more)
★☆☆☆☆
“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...
(read more)
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
Reply to this comment
★☆☆☆☆
“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 more)
★☆☆☆☆
“Very basic platform, ideal for amateurs, whih I guess...”
Written on: 10/12/2010 by Inside Track (1 review written)
Very basic platform, ideal for amateurs, whih I guess is the client type CMC are after as they tend to have the highest proportion of client losses
Their spreads are still wider than everyone elses out there, and as everyone knows the spread is the clients biggest cost. City, IG and particuarly Worldspreads are far cheaper than CMC
Have worked in the markets for 25 years and still can't work out how they price their cash commodities - Beware!!!
See Goldmans marked CMC's share value at...
(read more)
★★☆☆☆
“I have been using CMC for 5 years. Their Market Maker...”
Written on: 24/11/2010
I have been using CMC for 5 years. Their Market Maker platform is one of the best in the Spread betting world. It has real value for money considering professional prop traders have to pay desk fees if their independent traders of around £1,500 per month.
I managed to turn £2,500 into £110,000 in six weeks - verifiable - and then hand back £90,000 in the next six days! The more winning days I had the harder it became to trade, the fills were horrific! Some times up to 1 min then you were...
(read more)
★☆☆☆☆
“So your looking for a broker? Cmc is not a broker it's...”
Written on: 07/10/2010
So your looking for a broker? Cmc is not a broker it's an on line casino!
Read their terms and conditions people !!!!!
You will be shocked!!!!!!!!
If your looking for fx broker use a bank based one
At least your deposit is regulated!!!!!!
Cmc deposit is not , the co can do what they want with your money read all the terms and conditions people !!!!!!
(read more)
★☆☆☆☆
“CMC = Rubbish ”
Written on: 05/10/2010 by cmcnogood (1 review written)
CMC = Rubbish
CMC eat your money by Rubbish software
99% trader with CMC will lose all the money
very hard to withdraw your money from them, some traders need few months to withdraw their money.
(read more)
Grozastefan's Response to cmcnogood's Review
Written on: 05/04/2013
Hello,
Unfortunatelly I am in the same bas situation of not being able to get my money back. Can you give me more details or eventually a contact of the traders you mention? Thanks a lot in advance
Reply to this comment
★★★★☆
“Just been on the new CMC platform, looks fantastic and...”
Written on: 25/08/2010
Just been on the new CMC platform, looks fantastic and is really easy to get to grips with, only the charts need some work and they don't have a lot of stuff to trade. I've been told they are adding in new features soon which could make this system worth checking out. I've not seen a platform like this from the usual spread betting bucket shops, im quite impressed but only time will tell its if really something different. (read more)
★★★★☆
“I have just spent the last week playing around with...”
Written on: 13/08/2010
I have just spent the last week playing around with the new CMC demo platform. It's a massive improvement on the old Marketmaker platform. It's got some really nice features like automated stop loss that get marked up on charts along with your positions. It's also really easy navigate around, almost feels like using a Mac program. So far, so good. (read more)
★★★★★
“I have been using CMC Markets for a while now and have...”
Written on: 12/08/2010
I have been using CMC Markets for a while now and have to say that as a company tehy are alway responsive and on the ball, notifying me through email and phone about various trading / account activities.
They made it easy for me to start trading and offered some really valuable training too. They guided me through my first trades and allowed me the flexibility to make mistake risk free! Could'nt ask for more than that really.
The new platform is great too, they have obviously spent a lot...
(read more)
See next 10 reviews
Showing 11 - 20 of 41 Reviews
★★★★☆
“CMC markets new platform look and feel is awesome. ...”
Written on: 09/08/2010 by hoffman (1 review written)
CMC markets new platform look and feel is awesome. Charting features need to be worked on and screen optimisation is not great. I asked them about this and they said they were improving it. The cash commodity concept is interesting I want to have some more information about it before I make up my mind. It may not be the apple to microsoft yet but this has the potential to really change the digital derivative marketplace. Work to go but I'm watching this space. Spreads are good, margins... (read more)
Ladylakitera's Response to hoffman's Review
Written on: 17/08/2010
detailed and honest
Reply to this comment
★☆☆☆☆
“I have traded several s/b companies over the past ten...”
Written on: 19/05/2010 by Henryatkin (1 review written)
I have traded several s/b companies over the past ten years and found CMC to be about the worse. The education is good but the spreads tend to be wider than IG, GFT and Tradefair - all of which I use. Where other companies (especially IG) have improved service CMC have stood still and even gone backwards on chart software. When it was deal4free the platform was much better than it is now. I had quite a few re-quotes but the biggest 'oh no' is that twice I have emailed customer services and I... (read more)
★☆☆☆☆
“AVOID THE BROKER CMC MARKET!!!!!!!!!!!!! ”
Written on: 13/04/2010
AVOID THE BROKER CMC MARKET!!!!!!!!!!!!!
They always make awful recotations, mistakes for trades converted in dollars if you trade with others moneys, charts are even NOT in real time!!!!!!
Their platform is in blue colour, it's dark and ugly too...
Big liers, FORGET THEM!
(read more)
★☆☆☆☆
“1 Useing cmc for a year or 2 on & off ”
Written on: 07/03/2010
1 Useing cmc for a year or 2 on & off
2 I PLACED A TRADE WHICH WNET AGAINST ME, IT LIQUITED MY ACCOUNT, NOT A
PROBLEM-
3 I DID NOT HAVE A CREDIT ACCOUNT WITH CMC
4 THE SAID THE ACCOUNT OVERRUN BY SAT 250 POUNDS
5 HOW CAN IT OVER RUN, I DONT HAVE A CREDIT ACCOUNT , AND I DONT WANT TONE!!
6 THEY ASKE DME TO COME BACK AND OFFRED THE CREDIT OF 250 )AS A GOOD WILL GESTURE!)
7 SO I WENT BACK AS I CREDITED MY ACCOUNT, THE DID NOT PUT ON THE 250 CREDIT BUT HAD WRITTEN TO ME SAYIBNG THEY WERE...
(read more)
★★★★★
“I have been trading Indices and Commodities with CMC...”
Written on: 10/01/2010
I have been trading Indices and Commodities with CMC Markets for a while now. I have had some horrid experiences with other Brokers in the past. I have noticed that I have had to adapt and use different strategies as to those that I use when trading stocks,cfds or ssf's. My experience has been a pleasant one. The only time I have had requotes was when the market moved quickly as I clicked to place an order. The re-quote was never too far away and if I click accept, then it accepts... (read more)
★☆☆☆☆
“ATTENTION!!!!!!! DO NOT TRADE WITH THIS COMPANY!!!! ”
Written on: 29/11/2009
ATTENTION!!!!!!! DO NOT TRADE WITH THIS COMPANY!!!!
Goldman recently bought 20% of their shares. Why? They make big profit, from where? YOU!!!!!
Their selling point is High leverage, low deposite required and exposure to global market. But there millions of catch waiting for u.
My Own story and I believe it applies to many traders. When I start to trade I cought the March move and made 100% return with classic bank brokers. Then I start turn gready and cmc seem easy on people with no...
(read more)
★☆☆☆☆
“ CMC Markets Spread Betting constant unjustfied...”
Written on: 11/09/2009
CMC Markets Spread Betting constant unjustfied requote. If you loose, they win. If you win they will make sure you loose. Have stopped trading with them all together. Beware. (read more)
★☆☆☆☆
“I had a CMC Markets Spread Betting a/c for less than a...”
Written on: 19/08/2009
I had a CMC Markets Spread Betting a/c for less than a year and just couldn't stomach them anymore. As many before me have already noted... CMC constantly re-quotes so much so I've lost out on a lot of profit(occassionaly it has gone in my favour). I think the dealing platform is amateurish and not very intuitive next to a lot of others out there. Customer service is slow and shockingly bad. I have found that they've always come back to me but large amounts of time have elapsed... (read more)
☆☆☆☆☆
“CMC Markets Spread Betting customer service is...”
Written on: 10/07/2009 by moveny
CMC Markets Spread Betting customer service is incredibly bad: rude on calls, they don't reply emails, they're slow (perhaps because I'm a small fish with only £2000 in the account?)
Their latest: they offered me 4 training CD-ROMs if I placed 30 trades by 19/06. Guess what? so I did and nothing I got. And guess what else? I tried to contact them by phone and email and they never got any reply.
(read more)
☆☆☆☆☆
“I still have an account with CMC Markets Spread...”
Written on: 07/07/2009
I still have an account with CMC Markets Spread Betting but to be honest that is only as their mobile interface is good for price levels and my broker doesnt have that.
I have used them for about five years and believe me they are not good. To anyone looking to have a go dont use these guys. You are better using someone else for cfds or FX or when you get a little experience trade though a real broker.
(read more)
See next 10 reviews
Showing 21 - 30 of 41 Reviews
☆☆☆☆☆
“1. The daily chart data is wrong so often that CMC...”
Written on: 01/06/2009
1. The daily chart data is wrong so often that CMC charts have become a fiction that JK Rowling would be proud of, especially Sundays and Fridays. On most charts at least once a week there is a massive difference [100 points frequently and 400 points sometimes] between the high on the Bid chart and the high on the Offer chart, sometimes it is the open price that is 100s points difference and sometimes the low price. It is impossible to know which chart is right. Consequently indicators... (read more)
☆☆☆☆☆
“I have an account with CMC, my advice to you people...”
Written on: 14/04/2009
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...
(read more)
★☆☆☆☆
“I opened an account with CMC spread betting recently....”
Written on: 01/04/2009 by jaslily (3 reviews written)
I opened an account with CMC spread betting recently. Yesterday I thought I would give it a go. I was doing OK by shorting FTSE100 since I thought the market would go down to 3500 again soon. I didn't place a stop loss. This afternoon I was surprised to learn that my position was stopped out just before the market turned around to go down from about 4000. I didn't receive margin calls or anything like that. I still had money to cover my postion as well as the margin required. I would have... (read more)
★★☆☆☆
“I have just closed my account cmc...reason being it...”
Written on: 23/12/2008
I have just closed my account cmc...reason being it was getting increasingly difficult to trade with the requotes..delays etc
Main reason is i have seen the cable move in quiet markets to ,12 pip spreads...swissy 13 pip spreads...euro 3 pip spreads on a contsistent basis..i contacted the cmc help support and he mentioned ....this is a business decision. to help the business and not the clients ....can you believe that..i couldnt believe what he said..another email saying this.....Spreads...
(read more)
☆☆☆☆☆
“I've been persevering with CMC for nearly 5 years....”
Written on: 18/12/2008 by kewbridge (1 review written)
I've been persevering with CMC for nearly 5 years. They used to be ok, as spreadbetting companies go, but the past 12 months have been an absolute nightmare with requotes sometimes lasting up to a minute, site freezing and just general mayhem. It's now got to the point where I feel that I simply can't risk placing trades with them so what's the point of staying. I've finally thrown in the towel and am going elsewhere. (read more)
★☆☆☆☆
“When I place an order their system it often requotes...”
Written on: 13/12/2008 by lifeguard1 (1 review written)
When I place an order their system it often requotes mainly when if it seems to be in their favour and not mine. This doesn't happen with my Selftrade account and it gives you 10 seconds to confirm the price. Suppose this is because I think Selftrade takes a flat trade fee and doesn ' t behave like a fruit machine trying to take your money. There are comments saying that the spreads are narrow (average in comparison) but there is no point of having this when you can't place my entry/exit... (read more)
☆☆☆☆☆
“Keeps re-quoting! Rubbish helpdesk, the online chat is...”
Written on: 21/10/2008 by greenme (1 review written)
Keeps re-quoting! Rubbish helpdesk, the online chat is rubbish too, I've lost a lot of money because of there system, waste of time.
People wanting to go with them, think twice, avoid them like the plague if I were you, look else where.
(read more)
★★★☆☆
“Yes CMC is good for Spreadbets and CFDs - just make...”
Written on: 11/02/2008 by luckystrike (2 reviews written)
Yes CMC is good for Spreadbets and CFDs - just make sure you make really good use of their ordering system. Its easy to place limit buys and stop losses and you can pay a little extra on entry order if you want "guaranteed" stop losses. Just watch the units as £1 per point = 100 shares for companies. You can easily place order for tens of thousands without realising. Also you can trade the indices and sectors very easily with enormous values thanks to the minimal margin - used to be £50 for... (read more)
★★★☆☆
“Unlike others I had plenty of time to respond to...”
Written on: 06/02/2008 by Actinidia (2 reviews written)
Unlike others I had plenty of time to respond to margin calls, so perhaps they have sorted that one. The sales desk is chaotic and doesn't sort out problems quickly enough. For instance they have "lost" £20,000 of my money and don't seem understand my concern. When I phone the person I need to speak to is always "in a meeting". (read more)
★☆☆☆☆
“I got a margin call, went to fund my account at CMC...”
Written on: 27/11/2007 by SteveNaive (4 reviews written)
I got a margin call, went to fund my account at CMC Markets Spread Betting and less than 40 seconds after the margin call they closed the trade off, even though I had put money into the account. They did this twice. I fail to understand the point of sending an email as the margin call and then closing the trade off within a minute. Why bother with the margin call, it's not like they give you enough time to do anything about it. (read more)
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Showing 31 - 40 of 41 Reviews
★★★★★
“I have been trading with CMC Markets for a while, and...”
Written on: 04/04/2006 by brookie74
I have been trading with CMC Markets for a while, and they offer a fantastic service with a good range of products. Their spreads are by far the tightest. (read more)
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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.