CMC Markets User Reviews, Opinions and Ratings

Posted: 21-May-2013

11 comments

1 Jenna Cutly { 05.21.13 at 5:10 pm }

We have now added a series of videos looking at the CMC platform. It you use the CMC platform a lot then it’s worth having a look at the last video http://www.cleanfinancial.com/cmcmarkets.php#vid…. – it’s 30 minutes long but covers a lot of the new features on the platform. Some of them aren’t that easy to find but they are useful.

2 @adamjepsen { 05.29.13 at 5:55 pm }

Editor's comment: The CMC iPhone app used to be really simple. I'm not sure why the swipe log-in has disappeared, it might be because I haven't used it for a few weeks.

Also, why do I need to activate subscriptions for UK and US shares (the subscriptions are currently free). If they are free, just let clients access them without going through 'settings' and activating each one individually.

This used to be a nice and simple mobile app. Hopefully, this is a temporary design glitch and the version that I'm using (v2.4) will soon be replaced.

3 @Gold_Gordon { 07.12.13 at 3:20 pm }

Editor's comment: And CMC are upgrading their ‘Next Generation' platform again. Ignoring the fact that it has been Next Generation for a good few versions now, the upcoming changes are mostly positive updates rather than bug fixes.

If you like your technical analysis then it's worth taking a look at this video preview of the new site: http://www.cleanfinancial.com/cmcmarkets.php#vide….

Apart from simplifying the financing costs, as with a lot of past upgrades, a lot of the new CMC upgrades tend to revolve around technical analysis and charting.

(To skip past the financing section, fast-forward to 13:00mins).

If you have a CMC account, you should see the updated platform from Monday morning (15 July 2013).

4 @spread_bettor { 07.29.13 at 12:05 pm }

Editor's comment: CMC have completed part II of their platform upgrade. They have gone with a more traditional menu / layout which is a simple-but-much-needed improvement as far as I am concerned.

And with sites increasingly leaning towards social trading, CMC clients can access social media via the platform including their analysts' blog. Although there are no true social trading 'follow-me' / 'copy trade' type features yet.

There's also been a lot of work on pattern recognition as part of the whole upgrade (but I need to test that more before I give it a thumbs-up / thumbs-down).

If anyone has any feedback on the new site, please let us know.

5 @Harper_79 { 07.31.13 at 10:04 am }

Yes, a new site but still trying to be too clever, the navigation is normally straightforward on ig, capspreads etc. Why have cmc tried to reinvent the wheel? Also, not sure why I need to deposit £1000 to chat with other traders, I've built up my cmc account with a number of good trades so I don't want to (or need to) deposit £1000.

I understand wanting to avoid spam but it's not like it's easy to open a spreads account so there shouldn't be a flood of spam. I now only use cmc for their spot commodities markets, apart from that, I'm not a big fan.

6 @spreads { 09.11.13 at 11:12 am }

Editor's comment: CMC have made a useful improvement to their Client Sentiment tool. Before, you could only get a daily update of the client positions at 10pm. The client sentiment data now updates every minute.

And you can still split sentiment by 'All Clients' and 'Top Clients'. Although the definition for Top Clients isn't that strict, they are clients who have a position in that market and have "made an overall account profit over the last three months (taking into account spreads and commissions)".

It's still a handy tool though.

7 @Gold_Gordon { 12.10.13 at 5:43 pm }

Editor’s comment: It’s normally IG which picks up the lion’s share of awards but this year CMC Markets have given them a run for their money.

CMC picked up ‘Financial Services Provider of the Year (Shares Magazine awards), Best Online Trading Platform (MoneyAM Awards) and Best Spread Betting App (FT and Investors Chronicle Investment Awards).

They also picked up a few other accolades, see http://www.cleanfinancial.com/cmcmarkets.php#cmc-…. So well done CMC for providing IG with some competition.

Although I still think the CMC site would be better if it wasn’t black.

8 Clean Financial { 02.02.15 at 1:13 pm }

I see CMC are reducing their market hours for their Russian ruble pairs.

CHF/RUB, EUR/RUB, GBP/RUB and USD/RUB were open 06:00-18:00 UK time. From 5 Feb the hours will shorten to 07:00-16:00.

That might be not be too bad though. We’ve seen a number of other firms simply withdraw their ruble markets because the markets are so volatile and the liquidity providers… have been withdrawing liquidity.

For anyone interested in trading the Russian, take a look at the latest COT report – http://www.cleanfinancial.com/russian_ruble_sprea…. It looks like at the big boys e.g. Hedge funds are 4.5 to 1 long of the ruble vs the dollar.

Jake

9 Clean Financial { 06.19.15 at 3:17 pm }

CMC and IG are Your Best Bet if You're Looking for an Obscure Market

But, whichever platform you use, make sure you check the spread: http://www.cleanfinancial.com/cmcmarkets.php#cmc-…

10 Clean Financial { 03.10.16 at 6:32 pm }

Editor's comment: It feels like we should comment on the CMC Markets share price / IPO.

On balance, my personal view is that it's not disaster if you bought the shares or if you missed out.

Facts:

– IPO'd 5 Feb 2016, original share price 240p
– There was a quick dip in share price to 219p on 9 Feb 2016
– Ticker CMCX
– Today is 10 March 2016 and shares are trading slightly higher than the IPO price at 242p
– Current market cap: £675m. Note that the company was talking about IPO'ing with a market cap closer to £730m (the magic $1bn)
– Latest share price and chart on the London Stock Exchange: http://www.londonstockexchange.com/exchange/price…

The company could be a cash cow for some stakeholders but I wouldn't buy, or short, the stock just yet.

The founder, Peter Cruddas still holds a 62.5% stake in the firm and Goldman Sachs retains another 5%.

In short, if there's no change in leadership or management then I expect it to continue to do well.

At the same time though, I don't expect any game-changing decisions to lead to a healthy step change.

Year Ending: Operating P&L

31-Mar-13: -£4.01m
31-Mar-14: £32.94m
31-Mar-15: £44.41m

Industry-wise, the markets are volatile and that's good for spread betting & CFD firms.

At the same time, the regulator (FCA) has put the industry under close scrutiny e.g. the 2 Feb 2016 FCA Open Letter (aka warning): https://www.fca.org.uk/static/documents/dear-ceo-…

Shorter-term, it's reasonable to expect a dip in share price when employees holding stock and/or options can sell out. (anyone know when that is?)

In short, there are a few key arguments for/against, so perhaps we should just say well done Peter Cruddas. It's good to see entrepreneurs doing well.

(We shall do our best to ignore/forgive Mr Cruddas' stint as the Conservative party co-treasurer.

The Court of Appeal concluded the businessman had corruptly offered access to David Cameron and other senior MPs in exchange for donations: http://www.independent.co.uk/news/uk/politics/pet…

The future?

Stick to running a spread betting/CFD/forex firm Peter!

We hope that Cruddas & co can prove us wrong and that they use the reported £15m (raised from the IPO for capital for the business) to generate a positive step change in growth.

Jacob

11 Clean Financial { 03.15.16 at 7:33 pm }

Editor's comment: And CMC have added binaries to their platform.

They've also added a volume-less video guide on youtube about their binary markets… the video doesn't help much. Although it does show ‘how' the list of markets is shown.

They've chosen to use fat finger buttons (big buttons) on their mobile app.

I do l like fat finger buttons on many apps but they don't work well for lists of markets (they can work well for adjusting trades, my account sections etc.).

Anyway, if anyone has any feedback on the new binaries (or how well CMC markets price their binaries), please do add a comment.

For a quick guide to binary trading, see http://www.cleanfinancial.com/binary_betting.php

Thanks

Jacob

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