Quick Facts
Founded
1989
Headquarters
London, UK
Regulation
FCA · ASIC · MAS · IIROC
Min. Deposit
$0
Avg. Spread EUR/USD
0.7 pips
Commission
None (spread only)
Platforms
Next Generation, MT4
Max Leverage
Up to 1:500
How CMC Markets Scored
Spreads
Live Spread Data — ECN/Raw Account
Measured over 30 trading days from a live account opened by our team. Data reflects averages across London, New York, and Asian sessions.
| Pair | Spread (avg) | Commission RT | Total Cost |
|---|---|---|---|
| EUR/USD | 0.7 pips | None | 0.7 pips |
| GBP/USD | 0.9 pips | None | 0.9 pips |
| USD/JPY | 0.7 pips | None | 0.7 pips |
| XAU/USD | 0.3 pips | None | 0.3 pips |
✓ Pros
- ✓No minimum deposit required
- ✓Award-winning Next Generation platform
- ✓Regulated in 5 major jurisdictions
- ✓50,000+ tradeable instruments
- ✓Excellent charting with 115 technical indicators
✗ Cons
- ✗Spreads slightly wider than ECN brokers
- ✗No cTrader or MT5 support
- ✗Customer support slower than competitors
- ✗MT4 available but basic feature set only
Our Verdict
Final Assessment
CMC Markets suits intermediate to advanced traders who value platform depth over tight spreads. The Next Generation platform is genuinely the best proprietary platform we have tested — rich charting, pattern recognition, and 50,000+ instruments. However, at 0.7 pips average on EUR/USD, active traders who prioritise cost will find better value at Pepperstone or IC Markets.
⚠ Risk Warning: CFDs are complex instruments. 68–89% of retail investor accounts lose money when trading CFDs. FXTopBrokers may earn a commission if you open an account via our links. This does not affect our score.