Trade Currencies with CMC Markets? 8 Benefits

CMC Markets is the reputable global online trading broker who impresses with an extremely generous range of assets, a sharp website and favorable terms – not least when it comes to currency trading. There are many benefits to choose CMC Markets for forex trading with CFDs. Below are the top 8.

ForexTrading has recently had the pleasure of reviewing one of the world’s leading and fastest growing brokers for online trading – CMC Markets. Since the start, the site has built up a well-deserved good reputation and is considered in the industry to be one of the most reliable players for trading financial instruments online. The popularity is widespread in the British market, not least since British Peter Cruddas founded the company.

CMC Markets’ biggest advantages is its forex trading selection. Here is one of the global market’s largest selection of currency pairs, which is of course appealing to those who appreciate forex trading with a lot of flexibility and many choices. In addition to the large number of currency pairs, CMC also offers a number of other qualities that further explain why the site is an amazing alternative – or perhaps even the best – choice for serious currency trading.

Let’s look at the 8 biggest benefits of trading currencies with CFDs through CMC Markets.

Over 330 currency pairs – unlimited possibilities

First out, we want to highlight again what has already been mentioned; namely the fact that CMC offers one of the market’s most generous and well-assorted range of currencies. There are no less than just over 330 different currency pairs to trade here – both larger and smaller and more exotic alternatives. The breadth of currency instruments means that the platform appeals to both more and less experienced traders. For those who are completely green in forex trading, it may attract mainly, classic pairs such as EUR/USD and GBP/USD. For more advanced traders with longer experience, however, more exotic ones can also be interesting. At CMC Markets, you can get both parts – both classic big pairs, and exotic currency pairs and exciting minors.

Narrow spread allows you to keep more of the profit

Low fees are an important key to success in more or less any form of financial trading, whether it is with currencies, stocks, commodities or any other instrument. This is because high fees quickly nibble on the profits you make, and accumulated over time can be juicy sums.

At CMC Markets, you trade at a low, variable spread of 0.7 points as the lowest. As a couple of examples, it can be mentioned that the currency pair EUR / USD has just 0.7 pips as the lowest possible spread, EUR / SEK 4.0 pips and USD / SEK 3.0 pips.

Try a more affordable forex trading through CFDs, you too. Become a customer at CMC Markets now.

UK Regulation Gives the Security Needed

A license from the UK is always a great advantage as it directly means better consumer protection for you as a customer. Regulations in the UK are considered to be the strictest in the world – for example when it comes to banning crypto with CFDs and restrictions on leverage – which means that online brokers regulated in the UK are generally under more proper supervision than non-UK regulated players.

CMC Markets is licensed by the Financial Conduct Authority (FCA), which is one of the leading in the world. With this in mind, you as a user at CMC can feel confident that all trading takes place in a safe and regulated environment – where the customers’ best interests are put first rather than the broker’s own.

Dual trading platforms for more flexible trading

CMC Markets offers both the classic MT4 and the in-house developed platform Next Generation, both of which are top of the range software. As you might know, MT4 is the world’s largest and most popular platform for online trading, with a number of qualities that provide a better trading experience on all levels.

Next Generation impresses with a interface and features that are easy to get started with and enable a breadth instruments and options. For instance, you have flexible spread with Next Generation, which is a rather unique function.

Please read more about MT4 and CMC Markets Next Generation in each our guides (soon live).

Stocklisted on London Stock Exchange

CMC Markets are listed on the London Stock Exchange (ticker CMCX), which, like UK regulation, is also a good seal of quality. The requirements for being listed on a stock exchange are high – not least in terms of transparency and finances in the company – which is why a stock exchange listing can be seen as a measure of stability and seriousness. If you choose to trade currency through CMC Markets, you do not have to worry about foul play and fraud, and can instead enjoy a really high-quality trading experience.

Automated order execution

Tired of platforms where the broker has a manual approval of some order executions and where intermediaries are involved and affect the prices? You will avoid that at CMC Markets. All orders are executed completely automatically in order to guarantee as good transactions as possible – with as low a spread as possible. In short, it can be said that currency trading without dealer interaction is generally a better forex trading. Do you agree? Try CMC Markets today with a free demo account.

Excellent guide to forex trading for beginners

The extremely large range of currency pairs may to a large extent attract advanced traders who are looking for more options to expand their trading with, but CMC is also brilliant for beginners. Under the tab for currencies there is a very detailed and thorough guide to what forex trading is and how quickly and easily you get started even if you have zero previous experience. Everything is also available in several different languages, which of course makes it even more accessible even outside the UK.

Try CFDs and forex trading at CMC Markets, you too!

Unique currency indices in the proposition

In addition to 330+ different currency pairs, there are also several currency indices to trade at CMC Markets – completely unique to this broker and platform. In total, there are as many as 12 different indices to choose from, in which a basket of different currencies is exposed against a primary currency – for example USD, EUR or GBP. There is also an index with SEK as the primary currency.

A currency index is perfect if you want to trade currency but get a wider exposure than with a single currency pair. Wider exposure automatically means a lower risk level, which for example can be welcome if you are a beginner in forex trading. Index trading is also cost effective as you pay a fee for a single product, rather than a spread for each position in individual pairs. The spread on CMC’s currency index is also really advantageous, which means that many choose CMC Markets as an alternative for index trading.

Summa summarum there are apparently several convincing advantages of choosing CMC Markets as a broker for forex trading. The opportunities for forex trading are enormous, but so is trading with other instruments. The platform’s generous breadth combined with its transparency and high level of security means that it outperforms many of the competitors in the market and is, in our opinion, one of the best options for quality online currency trading.

Finally, as a nice bonus – you get news updates from Reuters, which is unique and something that very few competitors offer.

Published: Wed, 30 Jun 2021 10:30
Author: Emelie Rubenson

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