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CMC Markets Spread Betting Broker Review
CMC Markets Website ABOUT CMC MARKETS CMC Markets started out as a foreign exchange broker
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CMC Markets Spread Betting Broker Review 07-15-2010 09:00 PM #1
CMC Markets Spread Betting Broker Review

CMC Markets Website
ABOUT CMC MARKETS
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.
"Our next generation trading platform includes 100% automated execution, no requotes, new improved spreads and our new transaction based stop loss feature. In addition, we have launched new interactive real time charting and new products including cash commodities. I think this is the best trading platform we have ever built and the best in the market today. I really like our point and click, drag and drop technology, It just makes spread betting so much easier. Enjoy!"
Peter Cruddas, Executive Chairman, July 2010
CMC Markets UK plc and CMC Spreadbet plc are both authorised and regulated by the Financial Services Authority.
Our Success
CMC Markets’ success is founded on its ability to deliver a wide range of trading products to customers, from single equities to indices, currencies and commodities. This means you don’t need to go to a forex broker, futures broker or a commodities broker to trade these different instruments, you can trade them all through one trading platform. CMC Markets has pioneered the development of online trading in markets around the world to become a world leading spread betting company and CFD provider.
Our Presence
Since launching in 1989, CMC Markets has broadened its presence to cover Asia, continental Europe and North America making it a world leading online CFD provider. Key acquisitions in the course of CMC Markets’ expansion have included the financial content and data provider Digital Look, and Australian stock broker Andrew West & Co. Still privately held, CMC Markets welcomed its first institutional shareholder when Goldman Sachs purchased a 10% stake in the company.
Our Benefits
- Consistently competitive pricing
- No requotes
- Trade globally
- Simple technology
- The markets never stop moving, nor do we
- Talk to us any time
- Demo account
- Safe and secure
- No requotes
- 100% automated execution
- Manage your risk with transaction based stop losses
- Efficient
- Simple and intuitive
- One click opportunities
- Access all areas
ReviewTeam - www.systemsfortraders.com
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CMC Markets Spread Betting Broker Review 07-15-2010 09:02 PM #2
CMC Markets Spread Betting Broker Review
This is an account we used to use a lot, mainly when trading UK Shares intra-day. At that time CMC markets generally had the best functionality and spreads around (for UK Shares).
We liked the MarketMaker platform, the lists it allowed us to build, the trade management, etc. However, when we learnt our lesson (day/swing trading UK Shares was not for us) we generally migrated to IG Index and the City Index/London Capital Group platforms, mainly to trade FX.
This migration was some time ago and we could not recall or come up with the specific reasons for the move other than it was a matter of personal choice (we also think the FX spreads were better on IG Index, but cannot be sure).
One day, if we consider a move from IG Index or start hearing great things about CMC Markets, the MarketMaker platform is certainly one we would have no problem having a look at again.
If you have traded with this broker, for the benefit of others, please be the first to leave a review.
Thanks in advance,ReviewTeam - www.systemsfortraders.com
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CMC Markets Spread Betting Broker Review 08-02-2010 11:18 AM #3
SFT Trusted member
- Join Date
- Jun 2010
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Not sure if I'm posting in the correct place or not. Have been using CMC markets for S/B (mostly on shares and FTSE 100) for about 18 months. Not brilliant in my opinion. If you try and place multiple bets they all get lumped together which can be confusing (for me anyway as I log every bet, entry exit etc and like all the numbers to tally) as you cant see at a glance how well each individual bet is doing. They also dont do trailing stops and I have been completely shafted on a couple of occasions (with shares) where the price dropped hugely in a matter of seconds only to rise again having taken out what I thought was quite a generous stop loss. I still have an account with them but they can't hope to compete with IG (the only other SB broker I use) unless they up their game considerably. I haven't traded forex with them so cant comment on that .
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CMC Markets Spread Betting Broker Review 08-02-2010 12:42 PM #4
In my experience, I would not go with CMCMarkets. Not a good experience. With stocks, lots of requotes, spikes to stop you out and so on.
Better to look at another SB company!
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