cmcmarkets

CMC Markets is one of the longest-established brokers in the world, operating in the UK since 1989 and known for its proprietary Next Generation platform and more than 12,000 trading instruments. In this overview, the Teagle editorial team reviews CMC Markets' licenses, accounts, platforms, payment methods and service status for Iranian users based on recorded data.

What kind of broker is CMC Markets?

With around 37 years of history, CMC Markets has built a distinctive position in the financial markets over more than three decades by focusing on technology, transparency and the development of advanced trading tools. The broker offers trading in forex, indices, commodities, shares, cryptocurrencies, interest rates and bonds. Its Next Generation platform provides features such as automatic chart pattern recognition, trader sentiment analysis, real-time financial news and analytical data. Scalping, hedging, news trading and the use of expert advisors are also allowed with this broker.

CMC Markets licenses and credibility

According to Teagle's latest review, CMC Markets' license status is as follows:

• UK FCA: number 173730, active.
• Germany BaFin: number 154814, active.
• Australia ASIC: number 75 100 058 106; the status of this license is not recorded in Teagle's data.

The FCA and BaFin are among the strictest regulators in the world, and no offshore license appears on this broker's list. Even so, each client's terms depend on the legal entity and regulatory jurisdiction of their account. To learn about the standing of these bodies, read the article broker regulation and how it is graded .

Does CMC Markets serve Iranians?

At the time of writing, no. According to Teagle's data, acceptance of Iranian users depends on the legal entity and regulatory jurisdiction of the account, and simply seeing Iran's name on some lists is no guarantee of service; at present, services are not available to Iranians. Accessing the website from Iran requires changing your IP, and there is no Persian support. A Teagle expert has noted that paying with USDT and USDC via Binance Pay can ease some of the banking restrictions, but this is no substitute for carefully checking the terms of service for users in Iran.

CMC Markets trading accounts

CMC Markets has two main accounts, neither of which has a minimum deposit, and both have floating spreads:

• Standard CFD account: no commission, spreads from 0.5 pips, on Next Generation, TradingView and MetaTrader 4.
• FX Active account: spreads from 0.0 pips with a commission of $2.5 per lot, on Next Generation, TradingView, MetaTrader 4 and 5.

Maximum leverage on both accounts is 1:200, which is considered conservative compared with offshore brokers. According to the accounts table, no Islamic version is offered and no requotes are recorded. Order execution without dealer intervention is among this broker's recorded advantages; we have explained the differences between execution models in the article A-Book and B-Book brokers . For long-term trades, factor in overnight financing costs and swaps alongside spreads and commissions.

CMC Markets platforms and services

In addition to Next Generation, MetaTrader 4 and 5 (desktop, Android, iOS and WebTrader) and TradingView are available. If you use TradingView, see the guide to connecting your broker account to TradingView . Additional services include cashback, rebates, education, copy trading, social trading, expert advisors and bots, VPS, an IB program, an economic calendar and a specialized glossary. On this broker's MetaTrader there is no restriction on the distance of take-profit and stop-loss levels, but this does not mean guaranteed execution, and during news and gaps, slippage is still possible, unless you use tools such as GSLO under specific conditions.

Deposits and withdrawals at CMC Markets

The payment methods recorded in Teagle's data are:

• Binance Pay: deposits within 10 minutes and instant withdrawals within a few minutes, with no fees.
• Neteller and Skrill wallets: no deposit or withdrawal fees, instant withdrawals.
• USDT and USDC: no broker fees; for withdrawals, only the blockchain network fee applies, and timing depends on network congestion.

No minimum deposit is set for any method. Bank transfer and cards also appear in the general list of methods, but their fee and timing details are not recorded.

CMC Markets rating and risk on Teagle

CMC Markets' final rating on Teagle is 3.46 out of 5. The gap between sources is wide: WikiFX 4.5, Trustpilot 4.2 and Forex Peace Army only 1.67; no reviews from Teagle users have been recorded yet. The Teagle Eye risk score for this broker is 22 out of 100, in the "low to medium risk" category; its FCA and BaFin licenses and 37-year history keep it low. See its position in the ranking of the lowest-risk brokers .

CMC Markets pros and cons

• Pro: a very wide range of instruments and professional analytical tools
• Pro: no minimum deposit required
• Pro: order execution without dealer intervention and top-tier licenses
• Con: no services for Iranians and no Persian support
• Con: very poor customer support, according to a Teagle expert
• Con: complexity of CFD products for beginners and no Islamic account

Who is CMC Markets suitable for?

According to a Teagle expert, CMC Markets is suitable for professional and multi-market traders, those interested in a wide range of instruments, and those with access to professional platforms and crypto deposits. It is not suitable for complete beginners, those who need Persian support or an Islamic account, or people unfamiliar with CFD risk. For a comparison with another professional broker, see the CMC Markets vs Pepperstone comparison .

Conclusion

CMC Markets ranks at the top of the market in terms of credibility and technology, but it is currently not available to Iranian users. If you meet the legal requirements to open an account, start with a small amount, assess the overnight costs, make a test withdrawal and follow new warnings on the risk warning page .