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CMC Markets Forex and CFD trading

Trade 10,000+ CFD products with competitive spreads across forex.

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warning iconImportant: This broker offers CFDs which are a leveraged product. Using leverage involves greater risk than using cash resources only and your responsibility to repay the borrowed money (and any interest) remains the same even if the value of the underlying asset declines.

What can I trade with a CMC Markets?

Your CMC Markets trading account gives you access to more than 10,000 global products, including:

  • Shares. Access over 9000 global shares and ETFs in more than 20 markets around the world.
  • Indices. Choose from over 90 indices products, including the Canada 60, US 30, Australia 200, UK 100 and Germany 30.
  • Commodities. More than 100 commodity products available to trade.
  • Forex. More than 330 currency pairs are offered to you through CMC Markets.
  • Treasuries. Trade on over 45 treasuries products.
  • Warrants. Invest in leading Canadian companies and other underlying assets.
  • Options. These can be used to earn income, generate wealth or even hedge your position in a falling market.
  • Managed funds. CMC Markets offers access to funds that cover all asset classes.
  • Interest rate securities and bonds. These options offer a steady and secure form of investment.

Features of a CMC Markets trading account

  • Market data. CMC Markets provides price data from markets around the world, including the Canadian, US, German, Swiss and UK markets.
  • Research. CMC Markets offers a wealth of research tools and resources to help you trade. These include events and seminars, market reports, news and analysis.
  • Access. Placing trades through your CMC Markets trading account can be done online, over the phone or using the CMC Markets app on iPhone, iPad or your Android device.
  • Next Generation platform. CMC Markets’ Next Generation platform has been built to suit the needs of active traders. It offers advanced research and charting, unlimited free conditional orders and the ability to process orders in less than one second.
  • Award-winning charts. The platform offers more than 115 technical indicators and drawing tools, 70 chart patterns and 12 chart types.
  • Demo account. The free demo account allows you to practice trading before you commit to trading CFDs.
  • Regulated in Canada. CMC Markets is a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund.

What trading platforms are available?

CMC Markets offers one, award-winning platform for CFD and forex traders called the CFD Next Generation platform. This is an advanced, powerful web-based and mobile platform available on compatible iOs and Android devices. It features more than 115 technical indicators and chart types to help with your trading analysis, and a range of useful tools including the price projection tool and pattern recognition tool. You can also connect with other traders via the chart forum, an online trading community enabling you to discuss and share trading insights.

What support/information is available with a CMC Markets trading account?

If you need assistance with a particular trade or with any aspect of your CMC Markets account, it’s easy to get in touch with CMC Markets. Phone, email and live chat support are all available.

There are also plenty of educational resources which CMC Markets you can access in order to improve their trading knowledge. These include instructional articles and videos, trading guides, a blog, events run by market experts and much more, plus a free demo account.

What fees will you pay?

When you trade CFDs or forex using a CMC Markets trading account, you’ll need to consider the spread, which is the difference between the buy and the sell price. In addition, you’ll need to consider the commission charge that applies to your trades. The minimum spread applied to a forex CFD is 0.7 points, with margins from 0.20%. Commission on share CFDs start at 0.10%.

If you want to access CMC Markets’ price data for share CFDs, you may need to pay a monthly subscription fee. For example, there is no fee for accessing US data, but you’ll have to pay $20 to access Australian market data. Finally, keep in mind that holding costs may apply to positions that are held open at the end of a trading day.

How do you fund your account?

Payment typeAcceptable currency

Payment type supported

ChargeTransfer time
Personal chequeCAD, USDNoNil5 full business days hold
Electronic Funds Transfer (EFT)CAD, USDNoNil3 full business days hold
Wire transferCAD, USDNo$15 levied by CMC Markets’ bank for domestic wires24 business hours
Online bill paymentCADNoNil24 business hours
Direct debit (debit card)N/ANoN/AN/A
Direct debit (credit card)N/ANoN/AN/A
CashN/ANoN/AN/A

Pros and cons of using a CMC Markets trading account

Pros
  • Reputable provider. CMC Markets has taken out a large number of industry awards for its CFD trading services.
  • Trading options. You can trade over 10,000 products on markets around the world.
  • Competitive fees. A comparison of CMC Markets’ ongoing fees and commissions reveals that the CMC Markets CFD Account is an affordable trading platform.
  • Access to MetaTrader 4 (MT4). This platform is the most popular trading platform around the world, and is supported with CMC Markets.
Cons
  • CFDs are risky. Trading CFDs comes with a wide range of risks – make sure you’re fully aware of these risks before you decide to start trading.
  • Obscure and potentially costly commission scheme. Larger positions widen the spread applied to transactions, though the exact spread varies depending on which platform you use. Details affecting the profitability of trades are sometimes buried in fine print, making it difficult to fully understand your costs upfront.

How do I apply for a CMC Markets trading account?

To apply for a Trading Account from CMC Markets, simply click the ‘Go to Site’ link on this page to be securely redirected to an online application form.

To apply for an account you will need to provide:

  • Your name
  • Your contact details
  • Your tax identification number (Social Insurance Number, or SIN)
  • Details of your financial background

Of course, it’s vital that you are fully aware of all the risks involved in trading CFDs before you sign up for an account.

Compare online trading platforms

Name Product Available Asset Types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
FREE TRADES
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get 2 free stocks when you open a Wealthsimple Trade personal account and deposit and trade at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
BMO InvestorLine
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$9.95
$9.95 + $1.25 per options contract
$0 if conditions met, otherwise $25/quarter
$0 - $9.95
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.
An easy-to-use online trading platform with access to research, tools, and the option to access InvestorLine adviceDirect for additional professional support.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
OFFER
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
OFFER
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Get up to 50 free trades. Be one of the first 100 new Qtrade clients to use the promo code 50FREETRADES and deposit a minimum of $10,000 (or top up to $15,000 to get $150 transfer fees waived). Valid until December 31, 2021.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
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Compare up to 4 providers

Name Product Minimum deposit to invest Funding methods Management fee Available Asset Types
OFFER
Wealthsimple Invest
$1
Direct deposit, Bank transfer
0.40% - 0.50%
Stocks
Get a $50 bonus when you open and deposit $500 in your account. Trade and Cash accounts are not eligible.
Questwealth Portfolios
$1
Direct deposit, Bank transfer
0.20% - 0.25%
Stocks, Bonds, ETFs, Commodities
A robo-advisor offering low fee portfolios that are actively managed and dynamically rebalanced when market conditions change.
Moka
$0
Automatic bank withdrawals
$3.99/month
ETFs
The Moka app rounds up every purchase you make to the nearest dollar and invests the spare change into low-cost exchange-traded funds (ETFs).
OFFER
Justwealth
$5,000
Direct deposit, Bank transfer, Automatic bank withdrawals
0.50%
ETFs
Receive a cash bonus of $50.00-$500.00 when you open a new Justwealth account. RESP accounts require no minimum deposit to begin investing.
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Compare up to 4 providers

Name Product Minimum Opening Deposit Commission Available Markets Platforms
Blackbull Markets
US$200
$0 - $6.00 R/T per Lot
Forex
Metals
Commodities
MetaTrader 4
CFDs are leveraged products which involves greater risk than using cash resources only. You could lose all or more of your initial investment. Trade forex, CFDs and commodities with Blackbull Markets.
Forex.com
US$100
Minimum US$25
Forex
Metals
Commodities
Indices
Shares
Forex.com Desktop, Forex.com Web Trading, Forex.com Mobile Trading, MetaTrader 4
CFDs are leveraged products which involves greater risk than using cash resources only. You could lose all or more of your initial investment. Trade 80+ currency pairs and 220+ CFDs in equities, commodities and indices on Forex.com.
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Compare up to 4 providers

Disclaimer: Trading in financial instruments carries various risks, and you can lose more than your capital. This article may contain general advice. You should always seek professional advice when deciding if a product is right for you.

FAQs about CMC Markets CFD Accounts

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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