Leading the market with a wide range of CFDs and regulation from 3 tier 1 regulators, CMC Markets is our #1 CFD broker for 2020. CMC Market’s competitive trading conditions and platform offering, combined with its comprehensive education and customer support for beginner traders, sets them apart from other leading brokers in the field.
Founded in 1989, CMC Markets is a well-known Forex and CFD broker with a high trust rating and a strong presence in the UK. It has local FCA regulation and local customer support and offers spread betting accounts.
CMC Markets offers two live accounts with no minimum deposit requirements – a low-cost commission-free account with spreads starting at 0.7 pips on the EUR/USD, and a commission-based account with spreads of 0.1 pip and commissions of 0.005% (which amounts to 50 USD per lot traded), which is extremely high.
Trading is offered on both MT4 and its powerful, innovative proprietary platform that features numerous technical and fundamental analysis tools. CMC Markets also offers excellent education and market analysis materials to get new traders started, and although customer service is offered 24/5, it does not provide a live chat feature, which is a serious oversight by this broker.