Look a broker up before you trust it

Ten quick answers

Does CMC Markets hold a licence?
It does. CMC Markets is supervised by FCA, BaFin, ASIC, MAS, and its licence number is FRN 173730. You can look that number up on the regulator's own public register.
How much do I need to open a CMC Markets account?
CMC Markets asks for a first deposit of at least $0. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust CMC Markets with my money?
CMC Markets has been trading since 1989 and is regulated by FCA, BaFin, ASIC, MAS. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with CMC Markets?
No. Because of US regulatory requirements (CFTC/NFA), CMC Markets is not taking clients who live in the United States at present.
How much leverage does CMC Markets offer?
The highest leverage at CMC Markets is 30:1 retail. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with CMC Markets?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at CMC Markets next to its other platforms.
Which trading platforms can I use at CMC Markets?
At CMC Markets you trade through CMC Next Generation platform and MT4. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does CMC Markets pay out withdrawals?
How long a CMC Markets withdrawal takes depends on how you are paid: cards are usually handled the same day, e-wallets within 24 hours and bank wires in 1–5 business days. Your KYC verification has to be finished before any withdrawal.
Will CMC Markets charge me for withdrawing?
As a rule, CMC Markets makes no charge when you withdraw to the method you deposited with. A payment processor or bank may still add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does CMC Markets have a demo account?
Yes. CMC Markets provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.