According to our team’s research, CMC Markets does NOT provide demo accounts. We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.
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CMC Markets Full Review
Nowadays, there are so many binary options brokers available in the industry that it is very hard to make a firm decision about joining. Even if a broker looks to be legit and reliable, it might turn out to be a scam. Owners of broker platforms invest a lot of funds and efforts in order to make their offer look good. It is very difficult to distinguish the scam from the authenticity. That is why we provide you with our extensive reviews. The following one concerns the so-called CMC Markets broker. If you have questions about CMCMarkets, you might be able to find the answers in our review.
Is CMC Markets Legit or Scam?
CMC Markets is a binary broker platform which also offers Spread and CFD (Contracts for Differences) trading. It is fairly new to the industry and there is not enough users feedback to make a final judgment on its reliability.
On the other hand, CMC Markets UK is regulated by the Financial Conduct Authority and CMC Markets is also licensed for offering its services. So, we can deduce that there is a chance for the brokerage to be a reliable partner. For now, it is still not confirmed to be good since very few people use its services and have mixed opinions. Wait out and make use of the services of tested brokers.
CMCMarkets – Opportunities & Demo
There are no various account types offered by CMC Markets. You are advised to start with at least £200 but you can open an account with £0 as well. Still, if you want to trade, you will have to deposit. By funding your trading account, you get access to all the products that CMC Markets offers for trading, including Forex and CFDs, apart from binary options.
A good thing about the brokerage platform is that you can start with a demo account before funding a live account. This will give you a good idea of how the platform operates. Our experience shows that it is a well-built platform but it might turn out to be a bit too complicated for newbies and we would not recommend it for them.
Should You Opt for CMC Markets?
CMC Markets is a fairly new binary options broker. We do not think that it will provide you with optimal results. It has a sophisticated platform but it might not be simple enough for beginners. Professionals, on the other hand, might be able to find good opportunities with CMC Markets. Still, we remind you that the broker has not been fully approved for trading, there are still some unanswered questions about it which throw a shadow over its authenticity. We suggest that you should trade with a broker that has been confirmed to be completely legit.
After our research we concluded that CMC Markets does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.