CMC Markets Charting:
The Breakout and Emerging Patterns tools are two of the Next Generation platform’s standout charting capabilities. When the chart time-scale is altered, these chart patterns automatically update, allowing traders to scan from a one-minute chart to a monthly chart and quickly see any patterns that already exist.
Automated trading is not supported on CMC Markets’ Next Generation platform, although advanced order types, like its Boundary Order, are available to assist traders define deviation parameters and reduce potential slippage. Although its product selection is far more constrained, CMC Markets review adds ‘ MT4 service can be used by traders seeking an automated trading experience.
MetaTrader:
CMC Markets increased the number of currency pairs it offers on MetaTrader from 38 to 176, increasing the total number of tradeable items to 220. This still falls short of the astounding 12,000 that are available on the CMC Markets Next Generation platform, but CMC Markets’ MT4 offering keeps getting better thanks to a number of enhancements that will be released in 2022 and are intended to better align the execution quality with its own platform.
Research summary:
With its Insights News module, CMC TV, a bimonthly print magazine, and the Opto Trading intelligence platform, which offers articles, podcasts, and a print magazine issued every four months, CMC Markets’ research offering is rich in internal content. Additionally, there is third-party content from Morningstar and Reuters.
Education
By providing forex and CFD traders with a wide range of education in a variety of media, such as written articles, video updates, podcasts, and live webinars, CMC Markets competes with the best in the business.
Learning centre:
CMC Markets’ training offerings encompass a range of trading experience levels and cover a variety of topics. CMC offers a multitude of instructional resources, ranging from the fundamentals of forex trading and associated beginner articles to advanced strategy guides that include information on cryptocurrency trading. I also found 140 more articles that discussed things like basic and technical analysis.
Educational videos and podcasts:
On its YouTube channel, CMC Markets offers a range of instructional movies, platform tutorials, and podcasts. The Artful Trader Series, the Opto Sessions series, and its trading tactics video playlist are just a few examples of the content that is readily accessible on the company’s website and trading platforms.
Webinars: CMC Markets offers a wide range of webinars from its headquarters in Australia and the United Kingdom, which are run by both internal analysts and outside vendor Trade with Precision.
Room for improvement:
CMC Markets may more effectively compete with educational market leaders IG and AvaTrade by incorporating quizzes and progress tracking, centralizing all of its training materials for simple access, and more. Additionally, contrast to its Opto CMC channel, which continues to produce top-notch content, CMC Markets cut down the production of video content on its own YouTube channel in 2021.
Final thoughts
CMC Markets is a fantastic option for international FX and CFD traders thanks to its cheap pricing and more than 12,000 products covering almost all markets and asset classes. The CMC Markets Next Generation platform is strong and adaptable, with a tone of setup and customization possibilities and is forex broker with highest leverage.
CMC Markets continued its habit of being close to the top of the market in all important areas by finishing Best in Class across 10 categories for 2022.
Is CMC Markets a good broker?
Yes, CMC Markets is a superb broker that comes out on top in almost every important category. CMC Markets goes above and beyond to provide a great trading experience as an online FX and CFD broker. It has great trading costs, platforms, usability, education, mobile apps, research, variety of markets, and trading instruments.
Is my money safe with CMC Markets?
Yes, CMC Markets, which has been a broker for CFDs and FX for decades, owns a number of regulatory licenses, and is a publicly traded corporation, stores your money in a secure account (LSE: CMCX).