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Min. Funding
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Min. Funding
Compare the Best CMC Online Investment Brokerages in Singapore 2020
Choose from MoneySmart's curated list of best brokerages in Singapore and Learn how to maximise returns.
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CMC Markets Products & Market Access
CMC Markets is one of the pioneers in the trading industry with over 30 years of industrial experience. As a leading global provider of Contracts For Difference (CFDs) and Foreign Exchange (FX), it offers over 9000 CFD trading instruments across forex, indices, commodities, shares, treasuries and cryptocurrencies. CMC also prides itself in being highly innovative, always seeking to improve its trading methodologies to benefit its customers. Having served over 55,000 clients worldwide, you can be assured of a highly optimal trading experience with CMC. Call centre representatives are available 24/5. Other contact options include emails for existing and prospective clients as well as chat channels. Response time for chat channels is short as you should be able to get to a reply within a minute. Its social media accounts is up to date to with comments and customer interactions.
CMC Markets Fees and Charges
Commission Fee
Here’s what you should always take note of – there’s no one fixed commission fee when it comes to trading. In the case of CMC Markets, their commission fees on CFD shares vary by country of origin, with most markets charging commission fees of 0.10% except US, Hong Kong and Canada. They publish their rates on their website for ease of reference.
Spreads
If you’re new to trading, spread is simply the difference in the offer and ask price that a trader is willing to pay. So it represents the cost for traders and the profit for sellers. To check CMC’s past and present spreads, you’ll find a detailed breakdown on their website.
Rollover Rate
You’ll be surprised that rollover rates are typically overlooked by traders. This rate is the interest that’s either charged or credited to your account each time you keep your position open overnight. By doing so, you’ll either earn profits or incur losses, which can be significant or negligible, depending on how long you hold your position open.
CMC Markets Account Opening Procedure
Apply online
Using your SingPass, via MyInfo, you can apply online in just a few minutes.
Documentation Verification
You will need a valid photo ID, passport or driving license. A signed copy of a client acknowledgement form (pdf), dated within the last three months Proof of address (such as a bank statement)
Deposit and Trade
Deposit funds into your CMC account you will be able to access all asset classes from one account
CMC Markets Investment Platforms and Trading Insights
Available on Android, iPhone & iPad. CMC's proprietary platform designed in-house Next Generation platform caters to both advanced and novice traders. Its customisable to suit your trading needs. It comes with a variety of useful tools that aids in your trading decisions. With its technical indicators and drawing tools, it allows your to visualise price movements and trends. Its price projection tool is also extremely useful that visually identify potential trading opportunities. Next Generation serves as an upgrade to an already robust MetaTrader 4 platform, as it allows you to access wider range of CMC markets CFD products. With a live CMC account, you will gain access to professional level quantitative stock research published by Morningstar. MorningStar is a 3rd party research company which is often time used by professional traders.
Frequently Asked Questions
What are the minimum brokerage charges in CMC Markets?
- Well, it’s not fixed. Most brokerage fees depend on the type of asset and value of each transaction you make.
Who can open a CMC Markets online trading account?
- As long as you’re 18 years old and above, and not an undischarged bankrupt, you can open an account with CMC Markets.
What is the initial deposit required?
- There’s no minimum funding or deposit to to access the various CMC Markets platform.
Are there any charges to open a trading account with CMC?
- Opening an account with CMC Markets is free of charge.
How to transfer money to CMC trading account?
- Fund your account easily and securely through your preferred funding method, including FAST and PayNow, which are both speedy and free of charge.