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What is CMC market?

What is CMC market?
CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol, CMCX. Like many forex brokers, CMC does not accept U.S. traders.
CMC’s flagship platform is a feature-rich, web-based offering aptly named “Next Generation.” This, coupled with the ubiquitous MT4 (downloadable) platform and a functional mobile application, comprises CMC’s entire online offering to the consumer. CMC provides traders access to an extensive range of offerings, both CFDs and spread betting, across several different asset classes. Aside from the greater-than-usual complement of forex, commodities, indices, and individual shares, a comprehensive government bond listing and 14 cryptocurrency offerings (12 cryptos + 2 indices) fill out the product roster, providing an overwhelming number of potential trading opportunities for all types of traders. Additionally, the broker offers competitive spreads that are dynamic in that they widen or contract with trade sizes, and clients’ accounts are protected from going into a negative balance condition.
Who CMC Markets Is For
CMC Markets is for all types of traders, from the novice retail trader looking to dip their toes into the online trading arenas of forex, CFDs, and spread betting, to the experienced veteran seeking exposure to a broad array of products.
Pros
Extensive range of offerings
Regulated by FCA (U.K.)
Emphasis on education & customer service
Research amenities are industry leading
Offers protection for client accounts
Cons
Does not accept U.S. clients
Differences between Next Generation and MT4
High CFD spreads for certain indices
No back-testing or automated trading capabilities