A brief analysis of the different services of CMC Markets is mentioned below. In-depth information on CMC Markets can be found on the TradersUnion website. If you are interested in cmcmarkets review, you should read the review on TradersUnion’s site.
Customer Support
You may reach the helpful staff at CMC Markets whenever you need them, day or night, via email or phone. Since it operates globally, it recognizes the importance of providing telephone support in multiple languages.
A live chat feature needs to be improved. If you phone CMC Markets and get voicemail or an international number, you may get frustrated and give up. If you compare CMC Markets to other brokers, you will likely find that their customer service is subpar.
Education
CMC Markets can compete with the finest in the market because of its wide variety of educational resources for forex and CFD traders. These resources include articles, video updates, podcasts, and live webinars.
CMC Markets’ education hub provides courses for traders of all skill levels and interests. CMC offers a range of training resources, from the fundamentals of forex trading and introductory articles to advanced strategy guides that include cryptocurrency trading materials. Another 140 publications on other subjects, such as fundamental and technical analysis, were also tallied.
CMC Markets provides several educational films, platform tutorials, and podcasts on its YouTube channel. The Artful Trader Series, Opto Sessions, and the trading methods video playlist are all available on the website and trading platforms.
Through its Australian and British offices, CMC Markets hosts a wide variety of webinars, with presentations given by both in-house analysts and those from the third-party supplier Trade with Precision.
Platform usability
The platforms offered by CMC Markets are popular among both experienced traders and novices due to their user-friendliness and sophistication. The Next Generation web-based platform requires little to no prior trading knowledge, while professional traders can use the MetaTrader platform.
Both platforms allow you to place trades directly from the charts. Still, the MetaTrader platform stands out thanks to its dedicated programming language, a wide selection of automated trading tools, and a large user base. If you’re having trouble navigating the Next Generation platform, the broker’s educational YouTube channel, CMC TV, has several helpful tutorial videos that may help.
Thanks to the broker’s outstanding and user-friendly mobile app, you may access your account and place trades from any location. Execution alerts and a customer sentiment indicator are just two of the many helpful functions of the mobile app. A mobile app developed exclusively for the iPad makes better use of the tablet’s larger display.
CMC Markets is a great broker for novice investors because of the accessibility of webinars and seminars, and other educational offers. If you’re new to trading online and want some practice, a demo account is available from CMC Markets. Traders with greater experience can also utilize the report to test CMC Markets’ platform and services.
Charting
There are eighty technical indicators and studies, forty drawing tools, and sixty candlestick patterns to choose from when creating charts on the Next Generation platform (or 73 if you count the 13 available chart patterns). The Next Generation platform has significantly improved with the addition of the Breakout and Emerging Patterns charting capabilities. Traders can swiftly scan any time period, from minutes to months, using these chart patterns that instantly adjust to the new time scale.
Automated trading
Contrary to popular belief, CMC Markets’ Next Generation platform does not support automated trading strategies. Even though it has sophisticated order types (like its Boundary Order) that let traders set limit orders and reduce slippage, there is still a chance of it going against them. CMC Markets’ MT4 solution is simply one of many automated trading options available to customers.
Check out the best trading platforms in Australia at the TradersUnion website.
Our Verdict
CMC Markets has email and phone support available at all times. Due to the global nature of its operations, it offers phone help in multiple languages. For forex and CFD traders, CMC Markets’ extensive library of educational resources puts it on par with the industry’s best. You can find articles, movies, podcasts, and webinars.
Next Generation stood out among CMC Markets’ platforms in speed and simplicity during our time with them. The layout wizard of the platform supports both standard and custom layouts, as well as floating and fixed windows.
