Broker review

CMC Markets review

★★★★★4.1/ 5 Tradedge rating

Details checked 27 Sept 2026. Always confirm current terms on the broker's site.

Important for readers in India. Indian residents may trade forex only through authorised entities on recognised Indian exchanges, in permitted currency pairs. Trading forex, gold or other CFDs with overseas brokers and sending money abroad for margin is not permitted under FEMA, and the RBI's Alert List names many overseas brokers, including several below (marked On RBI Alert List). This page is for readers where these brokers are licensed to serve them. Check the law where you live before opening an account. CFDs are complex, leveraged products and most retail accounts lose money.

Our verdict

CMC Markets is a London-listed broker founded in 1989 with five Tier-1 regulators and a well-regarded proprietary platform. Its gold spreads are mid-range and there is no raw account for gold.

CMC Markets was founded in 1989, is headquartered in London and its parent company is listed on the London Stock Exchange. It is regulated by the FCA, ASIC, BaFin, CIRO and MAS, all of which are Tier-1 authorities, plus the FMA in New Zealand and the Bermuda Monetary Authority. Gold is available as a CFD on the CMC Next Generation platform, MT4 and TradingView. BrokerChooser measured the gold spread at about $0.35 in September 2026, slightly above the average it tracks, and there is no raw-spread option for gold: the commission-based FX Active account applies to currency pairs. Retail clients in the UK, EU and Australia receive 1:20 leverage on gold and negative balance protection, and UK client funds are covered by the FSCS. There is no minimum deposit. The Next Generation platform is feature-rich, with advanced charting, pattern recognition and guaranteed stop-loss orders, but there is no MT5 or cTrader, and a swap-free account is not published. BrokerChooser says Indian residents can open an account, although the serving entity is not clearly stated. CMC Markets does not appear on the RBI Alert List, though that is not an RBI authorisation. It suits traders who put regulation and track record ahead of the lowest costs.

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Pros

  • Five Tier-1 regulators and a London-listed parent company
  • Operating since 1989
  • Powerful Next Generation platform plus MT4 and TradingView
  • No minimum deposit
  • Not on the RBI Alert List

Cons

  • Gold spread (~$0.35) is slightly above the industry average; no raw pricing for gold
  • No MT5 or cTrader
  • Swap-free account not published
  • Entity and protections for Indian clients not clearly published

Key facts

Founded1989
HeadquartersLondon, UK
RegulatorsFCA (UK) (Tier-1); ASIC (Australia) (Tier-1); BaFin (Germany) (Tier-1); CIRO (Canada) (Tier-1); MAS (Singapore) (Tier-1); FMA (New Zealand); BMA (Bermuda)
Gold (XAUUSD) availableYes
Gold spread, standard account~$0.35 (BrokerChooser Sept 2026); from 0.3 per CompareForexBrokers
Gold spread, raw/ECN accountn/a - FX Active account covers FX pairs, not gold (not published for gold)
Commission, raw accountn/a
Max gold leverage (offshore entity)not published
Max gold leverage (Tier-1 entity)1:20 (retail, FCA/ASIC/BaFin)
Minimum trade sizenot published
PlatformsCMC Next Generation (web/app), MT4, TradingView
Minimum deposit$0
Account typesCFD (Standard), FX Active, Spread betting (UK), Professional
Indian deposit methodsNot published (cards and bank transfer generally)
Accepts clients from IndiaYes
Negative balance protectionYes (retail clients in UK/EU/AU)
Segregated client fundsYes
Investor compensationFSCS up to GBP 85,000 (UK entity); other entities vary
Swap-free accountNo
On RBI Alert ListNo: 2025-11-19 (latest RBI update; checked 2026-09-27)

Member reviews

Sources used for this review

We may earn a commission if you open an account through links on this page; it never changes the score. This review is Tradedge Pulse's opinion, not investment advice.