Read honest CMC Markets review and find out if this is a trusted broker!

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Contents

CMC Markets Review

Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.

Top Takeaways for 2020

After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on CMC Markets:

  • Founded in 1989, CMC Markets is publicly-traded, and regulated in four tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
  • CMC Markets is a leader for low-cost trading and Professional Trading, which includes the largest selection of currency pairs in the industry. Our testing also found Customer Service to be excellent.
  • The CMC Markets Next Generation platform delivers terrific tools, comprehensive market research, an excellent mobile app, and a massive selection of nearly 10,000 tradeable instruments. And, while limited to just 54 available symbols, MetaTrader is also offered for MT4 preferred traders.

Overall Summary

Feature CMC Markets
Overall 5 Stars
Trust Score 99
Offering of Investments 5 Stars
Commissions & Fees 5 Stars
Platform & Tools 5 Stars
Research 5 Stars
Mobile Trading 4.5 Stars
Customer Service 4 Stars
Education 4 Stars

Is CMC Markets Safe?

CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. CMC Markets is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

Feature CMC Markets
Year Founded 1989
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses 4
Tier-2 Licenses 2
Tier-3 Licenses 0
Trust Score 99

Offering of Investments

The following table summarizes the different investment products available to CMC Markets clients.

Offering Comparison

Feature CMC Markets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 180
CFDs – Total Offered 9848
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

If trading costs matter to you, CMC Markets has you covered. In 2020, CMC Markets finished Best in Class in this category, thanks to its low spread offering, which is available to all its customer segments and account types.

Average spreads: CMC Markets offers highly competitive pricing, with average spreads on the EUR/USD as low as 0.7 pips and typical spreads of 0.81 pips, according to CMC Markets price data for the month of October 2020.

Rebates: CMC Markets offers liquidity rebates to active traders that surpass at least $25 million in notional trading volumes per month. Liquidity rebate levels range from $5 to as much as $10 per million for those that trade even higher amounts.

VIP accounts: CMC Markets Alpha offering is a VIP account launched through its Australia entity for high-net-worth clients who have $3K in commission spend or have more than $2.5m in holdings.

Guaranteed Stop-Loss Order (GSLO): CMC Markets offers GSLOs, which, as its name implies, guarantees the stop-loss order rate clients choose when setting risk thresholds on their positions. There is a premium for using the GSLO – for example, $8 per 100,000 units using the EUR/USD, and the GSLO also affects the prime margin, which is the amount at risk specified in the GLSO based on the rate chosen. Most brokers charge for GSLOs, although if not triggered, CMC Markets refunds this cost automatically.

Fees Comparison

Feature CMC Markets
Minimum Initial Deposit $0.00
Average Spread EUR/USD – Standard 0.81 (as of Oct 19)
All-in Cost EUR/USD – Active 0.81 (as of Oct 19)
Active Trader or VIP Discounts Yes

Platforms & Tools

CMC Markets Next Generation trading platform is fast, reliable, and comes packed with several unique tools and numerous features to support traders of all skill levels. No question, it is a market leader and will impress even the pickiest of traders. That’s why in 2020 Next Generation won our award as the best Web Based Platform. And, for traders who prefer MetaTrader 4 (MT4), it too is also available as an alternative platform.

Charting: When it comes to charts, the experience is quite convincing as there are plenty of tools and a long list of 79 technical indicators and studies, and 74 chart patterns that are attachable to each chart. Another feature that stands out from the charting experience is the pattern-recognition tool, which offers traders numerous options for trading and analyzing price action. Patterns auto-adjust when the chart time-scale is changed, enabling traders to scan from a one-minute chart to a monthly chart and see any respective patterns identified.

Automated trading: The current version of the Next Generation platform doesn’t feature the ability to run automated trading strategies – even though pattern recognition and social-trading tools are available. Trader’s looking for automated trading can choose the broker’s MT4 platform offering.

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Research

CMC Markets’ research offering is rich with in-house content, including its Insights News, CMC Markets Blog, CMC TV, and even publishes a print magazine called Opto, as well as third-party content from Reuters and Morningstar. Traders can also access additional tools within the platform, including pattern recognition software and client sentiment tools – both of which are available to live account holders.

Mobile Trading

The CMC Markets’ mobile app is cleanly designed and comes packed with multiple research tools, powerful charts, pre-defined watch lists for scanning, and much more.

Seamless platform experience: The overall look and feel of the CMC Markets mobile app closely resemble the web-based version of the Next Generation platform. No question, ample time was invested in the app’s development, especially given the challenge of organizing so much information with limited screen space.

Charting: Like much of the rest of the app, charting was just as impressive as the platform’s web version. Although only 29 of the 81 technical indicators are available on the mobile app, it’s still a strong offering compared to many of CMC Markets’ competitors, which often lack technical indicators altogether. While the charting experience was impressive, one minor drawback is that zooming in and out across different time frames was not always fluid.

Market research: For research purposes, another useful feature in the app is the economic calendar where you can subscribe to an event. Once subscribed to an event, an alert will notify you when the news release time approaches. There is also CMC TV, CMC Insights, the broker’s blog, Reuters News, educational content for trading strategies, the Trading Smart series, and webinar schedules.

Other tools: The pre-defined watch lists in the CMC Markets mobile app are great for identifying trade opportunities. Watch lists include popular products, price movers, and currently trending categories.

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: th (22 brokers)

Final Thoughts

CMC Markets is a great choice for forex and CFD traders. The company’s Next Generation platform is powerful and versatile, with plenty of configuration options and tools for traders to customize the platform to meet their needs. CMC Markets finished Best in Class across eleven categories in 2020, continuing its streak near the top of the Industry in all key areas including as one of the most trusted brokers.

With nearly 10,000 instruments to choose from across nearly every asset class and global market, CMC Markets is a great choice for traders looking for a multi-asset solution and broad range CFDs and forex pairs at competitive prices. The broker’s expansion into stockbroking in Australia, coupled with its frequent trader program and Alpha service for VIP clients, helps CMC Markets further distinguish itself as a brilliant multi-asset broker.

About CMC Markets

Founded in 1989, CMC Markets (LSE: CMCX) has grown to become one of the leading retail forex, and CFD brokerages globally. The broker offers an extensive range of nearly 10,000 CFD instruments across major asset classes, including forex, commodities, and securities markets.

CMC Markets serves over 50,000 clients worldwide through its 15 offices globally, with a staff count of 687 people across its entities regulated in the UK, Canada, and Australia. CMC Markets holds over £200 million in Tier 1 regulatory capital and £332.4 million in client segregated funds as per its latest annual report. The company has a market capitalization of over £290 million as of September 2020. Read more on Wikipedia about CMC Markets.

CMC Markets Trading Features

Feature CMC Markets
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 79
Charting – Drawing Tools (Total) 24
Charting – Trade From Chart Yes
Watchlists – Total Fields 8
Order Type – Trailing Stop Yes

CMC Markets Research Features

Feature CMC Markets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

CMC Markets Mobile App Features

Feature CMC Markets
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing Yes
Charting – Indicators / Studies 23
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable Yes
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave Yes
Forex Calendar Yes

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

List of the best CFD Broker 2020 – Trusted reviews

Table of Contents

Due to the large choice of different offers on the internet, it is difficult to find a secure and reputable CFD Broker today who can offer the client good trading conditions. Especially international it is confusing through many comparison sites because they do not always recommend the best CFD provider. In the following list, you get the guarantee to find the online broker with the best trading conditions. Read also the important criteria of this comparison, which was carried out by us with more than 7 years of experience in the industry.You will get a deeper look at these companies by our reviews in the following sections.

62% of private investor accounts lose when trading CFDs

76% of retail CFD accounts lose money

76.4% of retail CFD accounts lose money

75% of retail CFD accounts lose money

75% of retail CFD accounts lose money

81.3% of retail CFD accounts lose money

75.6% of retail CFD accounts lose money

71% of retail CFD accounts lose money

74% of retail CFD accounts lose money

81.27% of retail CFD accounts lose money

How to find a good CFD Broker? – Criteria for the reviews

In order to find a serious and secure CFD Broker at all, you have to check the company for different criteria. By checking before opening a portfolio, you can assume that there will be no fraud. Especially dubious companies hope for the ignorance of the new customers in order to cheat them about the invested assets. Therefore you should read through this website completely. For much more information about the companies, you can also click on “Read the review” in the list above and you will get many more facts about the CFD Broker.

Note that the most online brokers offering CFDs and Forex together.

Security and safety for customers fund is the most important point for traders

Before you sign up with any CFD Broker you should check if it is a regulated company. Brokers with no regulation or license are not secure for the client’s money. On the internet, you can read a lot about complaints and frauds from unregulated brokers. As a customer, you should check the license and security for customer funds. If you do not find any information you should better ask the CFD Broker before you sign up.

From our experience, Online Brokers who got an official license from a financial authority are safe and secure. You can make unlimited profits and withdrawal your money without any problems. To find the best CFD Broker you should have a look at the further criteria of a good one. All companies in this review are checked by this checklist.

Criteria for a good CFD Broker:

  • Official regulation and financial license
  • Safety of customerfunds (seperated funds)
  • Fast execution of trades;
  • Good trading data and charting
  • Free demo account with virtual money
  • Regulated and secure payment methods
  • Fast withdrawal of profit
  • Professional customer support and service in different languages

On this website we gurantee that any broker we recommend is checked and proven by our team. With more than 7 years experience in financial trading we know how the industry works and how to get the best conditions for traders.

Quick recap: What are CFDs?

The shortcut CFDs means Contact for Difference (Wikipedia). These are contracts between the trader and the CFD Broker. The Contract for Difference can be used to invest in every market you want. The contract shows you exactly a copy of the real asset like stocks, commodities, or indices. It is an over the counter product which means you invest in the contract and not in the real asset. The broker has to hedge the risk on the markets or against other traders of the platform.

CFDs are developed to avoid taxation and now it is a popular financial product for retail traders. The advantages of CFDs are very clear. You can invest very easy into rising and falling prices. Short trades are not a problem for stock trading with CFDs. Furthermore, it is possible to start investing with a very small amount of money and you can use high leverage which is depending on the CFD Broker.

List of the more detailed CFD Broker Reviews:

1. eToro CFD Broker – The best conditions and offers for CFD traders

Etoro is one of the most famous CFD Broker worldwide. Next, to a huge range of assets, they offer you to do social and copy trading. For example, you copy the trades of professional traders or become a copied trader by yourself to earn additional money. Also, fonds for investing are available on the platform. It is a very userfriendly trading platform for beginners. Moreover, advanced traders will find the right tools and charting analysis for their successful trading.

The CFD Broker is based in many different countries and got official financial licenses. Customer funds are managed on big European banks and are separated from the broker money. You can use different payment methods like PayPal, credit card or bank wire to deposit and withdrawal your money. Furthermore, you get professional support through their support team. All in all, eToro offers the best overall package for CFD traders.

The official eToro homepage

The advantages of eToro:

  • Multi regulated and licensed CFD Broker founded in 2007
  • They know how to serve clients desires
  • More than 1,500 asstes (forex, CFDs, real stocks, cryptocurrencies, commodities)
  • Competitive spreads
  • Fast execution and high liquidity
  • Social and copy trading
  • Professional and userfriendly trading platform
  • Good support for traders (phone and email)
  • Free education and analytics
  • Regulated payment methods (PayPal, Bank wire, credit card, e-wallets)

(Risk Warning: eToro is a multi-asset platform that belongs to stocks and cryptocurrencies as well as trading CFD investments.

CFDs are administrative financial instruments. Because of the leverage, they run a certain risk of losing money quickly. 62% of private investor accounts lose money when trading CFDs with this provider

Please hear yourself heard in advance about CFD trading rights as high rights cannot be heard.

Cryptocurrencies are not listed and their prices can fluctuate widely. Not even cryptocurrencies authorized itself for all investors. Trading cryptocurrencies under closed government supervision through EU regulatory measures. Your capital is heard.

Past performance is not indicative of the same results. This release does not constitute investment advice. CFD trading)

2. IQ Option CFD Broker – Userfriendly and customizable platform

IQ Option is another international broker for trading CFD. Especially the trading platform of this company is very unique. It is userfriendly and very customizable. You can do multi-charting and use more than 100 different tools to do technical or fundamental analysis. Compared to other platforms is IQ Option easy to use.

You can start with a minimum deposit of 10$ or with the free demo account. IQ Options offers more than 500 different markets traded with CFDs or other financial instruments. Moreover, different options are available to trader with the possibility of a profit of 900%+. Next, to the good conditions the broker offers a 24/7 support in different languages. If you are searching for an easy way to invest you definitely should try IQ Option.

The official homepage of IQ Option

The advantages of IQ Option:

  • Regulated broker since 2020
  • Minimum deposit 10$
  • Minimum investment amount 1$
  • Userfriendly platform and easy to use
  • Stocks, Commodities, ETFs, CFDs, Binary Options, Digital Options, and more
  • Yield 80 – 100%
  • Competitive spreads
  • High leverage up to 1:1000
  • Support 24/7
  • Fast deposit and withdrawal

(77% of private investor accounts lose when trading CFDs)

3. Plus500 CFD Broker – One of the worlds largest trading brands

When it comes to CFD trading many traders know the brand Plus500 because of its advertising. It is an international broker where you can trade more than 200 assets. It is such a large brand that the Plus500 is listed on the main market of the London Stock Exchange. The CFD Broker is multi regulated and got different branches around the world.

Traders get a clear and userfriendly trading platform which is easy to use and understand. You get access to CFDs on currencies, stocks, commodities, cryptocurrencies, options, and more. Also, the spreads are variable and always depending on the market conditions and assets. For trading you can use a guaranteed stop loss which is a huge advantage of the broker. Just start with a low minimum deposit of 100$ and use many different payment methods. In conclusion, Plus500 is one of the best CFD Brokers because the trading platform is easy to use for everyone and you get good conditions.

The official homepage of Plus500

The advantages of Plus500:

  • Multi regulated CFD Broker
  • Plus500 is listed on the main market of the London Stock Exchange
  • More than 2,000 assets
  • New and innovative markets to trade
  • Low minimum deposit of 100$
  • Competitive spreads and no hidden fees
  • Support 24/7
  • PayPal, bank wire, E-wallets, and other regulated payment methods

(76.4% of retail CFD accounts lose money)

4. IG Online Broker – CFD Trading at its finest

IG is one of the oldest and leading brokers in the trading industry. The company is listed on the London Stock Exchange and shows us high trust. It is a multi regulated broker with international branches. From our experience, the broker really knows how to give the customer the best conditions.

You can trade more than 16,000 markets on one platform. Different trading platforms are available, also for professional trading with direct market access. Furthermore, you can trade different financial products like cryptocurrencies, options, spread betting, forex, CFDs, stocks, bonds, and more. The offer for traders is really huge.

Through our tests, IG offers the best education and service for each customer. They want their traders to succeed because they will earn more money in a long-term relationship. With this broker, you can learn professional trading strategies and get a good education for free. In conclusion, IG ist one of the largest and most trusted brokers for CFD Traders.

The official homepage of IG

The advantages of IG:

  • Professional broker since 1974
  • The company is listed on the London Stock Exchange
  • More than 16,000 markets to trade
  • Different financial products (stocks, options, CFDs, and more)
  • Free demo account
  • Low spreads (0.6 pips) and no hidden fees
  • Very good support and education
  • PayPal, bank wire, Credit Cards for funding and withdrawal
  • High financial security

(75% of retail CFD accounts lose money)

5. CMC Markets – Professional CFD Broker

CMC Markets is a well-known brand because the company exists since 1989 and is listed on the London Stock Exchange which shows us high trust. The CFD Broker is multi-regulated and accepts international clients. The main customer base is in Europe where the trader is managed by the FCA (UK) license.

The financial security is very high and there is a Financial Services Compensation Scheme (FSCS) for more than £85,000. The customer funds are managed in big international banks with high liquidity. The history of the company shows that the customer base and revenue of the broker are growing continuously.

Traders can trade more than 10,000 different markets. Currencies, cryptocurrencies, bonds, stocks, ETFs, and more are available on the professional trading platform “Next Generation”. The platform provides more professional features than the popular MetaTrader. In addition, traders can trade Spread Betting products next to the CFDs. From our experience, CMC Markets is a highly reliable broker which offers a good service for its clients.

The official website of CMC Markets

The advantages of CMC Markets:

  • Professional broker since 1989
  • The company is listed on the London Stock Exchange
  • More than 10,000 markets to trade
  • CFDs and Spread Betting
  • Free demo account and 0$ minimum deposit
  • Low spreads (0.7 pips variable) and no hidden fees
  • Exclusive Support (Webinars and more)
  • High financial security
  • Professional Trading Platform “Next Generation”

(75% of retail CFD accounts lose money)

6. Markets.com and MarketsX – Comfortable trading platform

When it comes to online trading the most traders want to invest with a trading platform which is easy to use and very compact. Compared to the other CFD Brokers on this site Markets.com is one of the largest companies for online investing too. The advantages of the trading platform are that the software is very userfriendly and when you want to trade with more professional tools you can use the platform MarketsX.

Markets.com belongs to the Playtech PLC which is listed on the London Stock exchange. This shows us the very high trust and safety. In addition, the customer funds are very safe with this broker because of the Financial Service Compensation Scheme (£85,000). The CFD Broker is multi-regulated by important regulators like FCA, CySEC, and ASIC. International clients are accepted.

The trading platform is very compact and recommended for beginners. You clearly see what you can trade and where you can invest. New traders can try the free demo account to test the platform. Two platforms are offered. MarketsX is a new chapter of the broker. You will get more tools, analysis, and chances to do professional strategies. All in all, Markets.com is recommended to trade with because of the huge range of assets, trustworthiness, and user-friendly platform.

The official homepage of Markets.com

The advantages of Markets.com:

  • Multi-regulated CFD Broker
  • The company is listed on the London Stock Exchange (Playtech PLC)
  • 2,000 different markets and 2,200 assets to trade
  • CFDs on forex, commodities, cryptocurrencies, stocks, and more
  • Free and unlimited demo account
  • Variable spreads (0.3 pips) and no hidden fees
  • VIP accounts and professional platforms (MarketsX)
  • PayPal, bank wire, Credit Cards for funding and withdrawal
  • High security of customer funds

(84% of retail CFD accounts lose money)

ETX Capital is a best known CFD Broker and part of a company (Monecor London) which was founded in 1965. Clients get access to over 5,000 different markets with a spread of 0.6 pips. This includes forex, cryptocurrencies, commodities, metals, bonds, and a huge range of stocks. Moreover, the platform the MetaTrader 4 and ETX pro trader is available.

The company is based in the United Kingdom (UK) and regulated by the FCA (Financial Conduct Authority). In addition, the client’s funds are protected by the FSCS scheme with money up to £85,000. Traders can be sure that their money is protected in top one-tier banks.

If you want to start trading you can open a free demo account or start live trading with only $250 deposit in the account. As you know CFDs (Contract for Difference) are leveraged financial products. Through the FCA regulation, ETX Capital can offer a leverage of 1:30 for retail clients and 1:500 for professional clients. From our experience, ETX Capital can be used as a reliable broker for any investing.

The official website of ETX Capital

The advantages of ETX Capital:

  • CFD Broker founded 2002
  • Based in the United Kingdom
  • FCA (UK) regulated with high financial security
  • Free demo account
  • Minimum deposit 250$
  • Spreads starting 0.6 pips
  • More than 5,000 different markets
  • Spread Betting
  • Good trading education for beginners and advanced traders

(75.6% of retail CFD accounts lose money)

8. ActivTrades – Professional brokerage with high security

On this page, we present you only reputable and safe CFD Brokers. ActivTrades is one of them. Founded in Switzerland the company moved to the financial center in London (United Kingdom). In addition, ActivTrades is regulated there by the FCA (Financial Conduct Authority) like many other CFD Brokers.

ActivTrades offers very professional software and support for its clients. Besides that, the minimum deposit is with 1,000$ very high but we want to present you this broker because of the good conditions and services. Also, you can open a free demo account to test the platform.

For trading, more than 450 available assets the software ActivTrader and MetaTrader 4/5 are offered. The ActivTrader gives you professional market data with market depth and volume for the best execution. The spreads are starting from 0.45 pips. In addition, the financial security is very high and there is a insurance protection up to £1,000,000.

The official website of ActivTrades

The advantages of ActivTrades:

  • Regulated by the famous FCA (UK)
  • Financial Services Compensation Scheme £85,000
  • Additional insurance protect customers up to £1,000,000
  • Free demo account
  • Spreads starting 0.45 pips
  • More than 450 assets
  • No Dealing Desk Broker
  • Professional trading platform ActivTrader
  • Good support and education for traders

(71% of retail CFD accounts lose money)

9. easyMarkets – Fixed spreads on a high quality platform

easyMarkets is a European CFD Broker which is based in Cyprus and regulated by the CySEC. Also, the company got a trading regulation in Australia by the ASIC. The slogan of easyMarkets is that it is a simple and honest online broker. From our experience, the trading platform is very easy to use and there are a lot of features for beginners.

Start trading with over 200 different financial markets by forex, CFDs, and vanilla options. The broker shows us a huge variety of assets. You can open a free demo account or deposit $100 for live trading. What is so special about this broker? – It offers fixed spreads in each account. So traders exactly know which trading fees they have to pay. This is a big advantage.

In addition, there are some special features like the “deal cancellation” for trades. You can cancel lost trades by paying a small fee within an hour. That is perfect insurance against high volatility. The “freeze rate” can freeze the price for 3 seconds. This is also a very special tool. Overall, easyMarkets is a competitive CFD Broker that offers good and transparent trading conditions.

The official website of easyMarkets

The advantages of easyMarkets:

  • Regulated by the CySEC (EU) and ASIC (AU)
  • High secure platform for traders
  • Free demo account
  • Minimum deposit of $100
  • Fixed spreads starting 0.9 pips
  • More than 200 assets
  • User-friendly interface
  • Deal Cancellation
  • Price freezing of 3 seconds
  • Multi-language support

(74% of retail CFD accounts lose money)

10. 24Option – European based CFD Broker with competitive features

24Option was known as one of the biggest brands for options trading in Europe. Nowadays the broker offers more than 250 different CFDs to trade. To open an account with 24Option is quite simple. Just try the free demo account or start live trading with a 250$ deposit.

In addition, 24Option offers different account types for small and huge deposits. If you deposit more money the broker can give you smaller spreads for trading. The spreads are starting with 1.1 pips variable.

The company 24Option is regulated by the Cyprus CySEC for European clients. International clients are trading under the IFSC (Belize) license. Overall, 24Option always offers the newest trends like cryptocurrencies or cannabis stocks. It is a recommended broker with competitive spreads and good service for traders.

The official website of 24Option

The advantages of 24Option:

  • European based CFD Broker
  • Regulated by the CySEC (Cyprus)
  • Free demo account
  • Low minimum deposit of 250$
  • Different account types (VIP)
  • More than 250 assets
  • Innovative (new assets)
  • Competitive spreads 1.1 pips
  • MetaTrader 4 and web platform
  • Recommended service and support

Trusted Olymp Trade Review – Scam or not?

Table of Contents

Is Olymp Trade a scam or not? – We will answer this question honestly in the following broker review. With more than 7 years of experience in online trading we tested the Olymp Trade trading platform with real money investments and we will give you an exact tutorial how it works. Furthermore, we will show you the conditions, functions, and possibility for new traders who want to open an account with this Forex Broker.

Trading is available for any device

Olymp Trade is a regulated company

CFD Broker: Review: Regulation: Spreads: Assets: Advantages: Open Account:
1. eToro (5 / 5)
➜ Read the review
CySEC, FCA, ASIC 3.0 pips variable 1,500+ + Best platform
+ Social Trading
+ Cryptocurrencies
+ PayPal
2. IQ Option (5 / 5)
➜ Read the review
CySEC 1.0 pips variable 500+ + Best platform
+ Binary Trading
+ Support 24/7
+ Min. Deposit 10$
3. Plus500 (4.9 / 5)
➜ Read the review
CySEC, FCA, AFSL Variable 2,000+ + Support 24/7
+ PayPal
+ Cryptocurrencies CFDs
4. IG (4.9 / 5)
➜ Read the review
FCA, NFA, AFSL 0.6 pips variable 16,000+ + Huge diversity
+ PayPal
+ Broker since 1974
+ Professional education
5. CMC Markets (4.9 / 5)
➜ Read the review
FCA, ASIC, FMA, MAS 0.7 pips variable 10,000+ + Huge diversity
+ Very good platform
+ Broker since 1989
+ Exclusive support
6. Markets.com (4.9 / 5)
➜ Read the review
CySEC, FSCA, ASIC, FCA 0.3 pips variable 2,000+ + Easy to use
+ PayPal
+ Professional tools
7. ETX Capital (4.9 / 5)
➜ Read the review
FCA 0.6 pips variable 5,000+ + Spread Betting
+ Huge varierity
+ Good service
8. ActivTrades (4.9 / 5)
➜ Read the review
FCA 0.45 pips variable 450+ + High financial security
+ Low spreads
+ Professional platform
9. easyMarkets (4.5 / 5)
➜ Read the review
CySEC, ASIC 0.9 pips fixed 200+ + Fixed spreads
+ Deal Cancellation
+ Friendly Platform
10. 24Option (4 / 5)
➜ Read the review
CySEC, IFSC 1.1 pips variable 250+ + Account types
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+ Always new assets
Review: (5 / 5)
Regulation: International Financial Commission (IFC)
Demo account: ✔ Free
Minimum deposit: 10$
Minimum trade: 1$
Markets: Forex, Cryptocurrencies, Commodities, Stocks
Products: Fixed Time Trades & Forex
Yield: up to 92%+
Support: 24/7 phone, chat, email

(Risk warning: Your capital is at risk)

Watch our full review of the Olymp Trade trading platform:

Is Olymp Trade a regulated company?

Before you sign up with any online broker you should check the regulation of the company. On the internet, there are many scam websites that are not regulated and want to steal the customer’s money. They are looking professional but there is no regulation. Search for the regulation of the company on the broker´s website. In most cases, you will find the information about regulation and registration at the bottom of the website.

Olymp Trade is a fully regulated and legal company. The broker “Olymp Trade” is regulated by the International Finance Commission since 2020. Through our experience, we know that a lot of different Forex Brokers are regulated by this authority. Olymp Trade is regulated with the category “A” which implies more advantages and safety for the customers. In the next section, we will discuss the regulation of facts and details.

Category “A” means that the Financial Commission guarantees a monetary compensation up to 20,000€. The funds of traders are backed up if some mistakes happen or the broker or bank goes bankrupt. The Financial Commission is a contact person for every trader. If you got some issues with the broker you can contact them.

The violating of the rules of the certificate result in a loss of the license. Furthermore, the regulator verifies the trade execution of the broker. More than 5,000 orders are executed by the employees of the IFC. As a trader, you can be sure that you will get the best execution with Olymp Trade proofed by the IFC.

The regulator (IFC) is based in Hong Kong and London. It is an international authority for international brokers and a little bit different from the regulatory authorities of countries. From our experience, it is a trusted regulator and a fraud by Olymp Trade can be excluded. All in all, Olymp Trade shows that it is a real and legit company that is official regulated. In the next sections, we will go more into detail about the safety of the trading platform.

Olymp Trade is a regulated company:

  • Regulated by the International Finance Commission
  • Approved trading technology
  • Verified execution
  • 20,000€ compensation fund
  • Independent contact person

Is Olymp trade safe or not?

In the section before, we showed you that Olymp Trade is a fully regulated company. That is the first sign of a good and safe online broker. In addition, there are more points for the safety of customers which we will present to you. First of all, you have to confirm your phone number and your profile for the full security of the account.

The money of the clients is managed in European banks which are fully regulated, too. If you do a deposit or a withdrawal, Olymp Trade only uses regulated payment systems like online wallets, credit cards, or bank transactions. In addition, the broker does not use your money for hedging or speculation. The funds are very safe.

In order to get more safety for your account, you can enable the Two-factor authentication. This feature gives you a double login to your account. When you logged into your account you will get an SMS verification code or you can use the google authentification app to get full access to your account. This feature will stop hackers before they get into your account.

Olymp Trade is a very safe broker:

  • Funds are managed in European banks
  • Regulated payment methods
  • The broker does not invest with your money
  • Two-factor authentication for more safety (Google, SMS)

(Risk warning: Your capital is at risk)

What is behind Olymp Trade? – Company facts

Olymp Trade operates since 2020 and accepts international traders. The broker’s website belongs and is managed by Inlustris Ltd. which is based in James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building. The agent is Wallfort Limited which is based in KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus. These companies are fully legal and official registered.

The broker offers options trading and forex trading on the multi-functional trading platform. As we can see on their website the broker and platform got many awards from other institutions and websites for being reliable and professional. Also, Olymp Trade is a sponsor of the LCR Honda team at the MotoGP 2020.

Olymp Trade Awards

The company got a really good track record and more and more traders want to trade on their trading platform. Olymp Trade grows very fast and is at the moment the most growing online broker worldwide. Because of easy access to the financial markets through the platform Olymp Trade is very popular. In addition, it is very comfortable to trade there which we will prove in the next sections.

More than 25,000 users are trading every day on the platform and the number is rising. With more traders, the payouts and the traders per month are rising too. Overall, Olymp Trade pays more than 13 million dollars to its clients each month. As an international broker, traders will get international support in 8 different languages.

In conclusion, Olymp Trade is one of the most popular online platforms because it is very easy and comfortable to invest in the financial markets. The company got a really good track record and is trusted by many institutions.

How to open your account with Olymp Trade

To open an account with Olymp Trade you have to follow the next steps. From our experience, it is very easy to get access to the trading platform and start trading. This section will explain to you exactly how to do it.

First of all, you have to sign up on the broker’s website or use the registration form below. After you insert your personal details you can get access to the trading platform. Olymp Trade allows you to use the platform in the free demo account or starting with a real money deposit of 10$. You can trade with real money without a full verification of your account. We recommend to do it first.

Sign up for you free account:

After signing up you should fullfill your account details (see the picture below). That means you confirm your email address and phonenumber. It is important to use your real data because the broker can require different documents for further verification. After you set up your account you can start to trade on the platform.

Open your account step by step:

  1. Sign up with Olymp Trade (use the form above)
  2. Verify your email address
  3. Verify your phonenumber
  4. Complete your account profile
  5. Start trading

Important verification process

The verification process only lasts a few minutes. It is very easy to complete the account profile. As mentioned before you need to confirm your email address and phone number. In the picture below, you can see the account dashboard. Olymp Trade allows you to trade without verification and full profile but we do not recommend to do that.

If you are trading with high order volume or make big transactions the broker can request further documents from you. That can be a photo of your passport or a utility bill. The broker does that to fight money laundering. This is nothing special and a well-known process that is done by 99% of the Forex Brokers.

Free Olymp Trade demo account for everyone

As professional broker Olymp Trade offers a free and unlimited demo account for its traders. Everyone can use this account there is no need for a deposit of real money. The demo account is a practice account filled up with virtual money. Traders can use the platform without risk and try new strategies or markets to trade. It is a good way to learn more about the software.

The demo account is filled up with 10,000$ and you can change with one click between the demo account and live account. In the picture above you see how you can do it. In addition, the demo account is unlimited. That means you can deposit virtual money on the account if you make a loss for example.

We recommend that every user try out the demo account first. It is very important to get knowledge about the trading platform and the financial products before you deposit real money. The demo account is the best way to improve your trading skills and a useful tool for online trading.

Advantages of the demo account:

  • 10,000$ balance
  • Free and unlmited
  • Switch between real money and demo account with one click
  • Fill up the balance by yourself

Demo account vs. real money trading

Another point to prove is the order execution. The order execution should be the same in the live account and demo account. As professional traders, we can tell you that there is nearly no difference between the order execution in the demo account and in the live account.

Why you should use the demo account:

  • Learn about the trading platform
  • Learn how to trade the financial products (forex and options)
  • Develope new trading strategies
  • Try out new markets and assets

(Risk warning: Your capital is at risk)

Review of the Olymp Trade VIP account

Another account type is the VIP account for traders. You can get an upgrade to your real account if you deposit 2,000$ or more on the platform. The VIP account got a lot of different advantages for traders which we will discuss in this section.

The key features of this account are a higher rate of return, account manager and risk-free webinars. Also, more professional education and service ist available for the traders. Compared to other online brokers the requirements for the VIP account are very low. A 2,000$ deposit is not a huge amount for most traders.

Check out the advantages for traders:

VIP Account:
Rate of return: Up to 92%+
Maximum trade amount: 5,000$
Account manager:
Risk-free trades: ✔ depending on the trading turnover
Individual training:
Private webinars:
Secret strategies:
Trading signals:
Exclusive events: Free gifts depending on the turnover

How to deposit on Olymp Trade:

For deposit real money on the platform, you can use different payment methods. It always depends on your country of residence which payment methods are accepted. The minimum deposit is only 10$. You can start trading with 1$ investment amount each trade.

Some of the deposit methods

The deposits are made instantly to your account balance by electronic methods. In fact, is it quite easy to deposit money on the platform? Choose the payment method first. After that, you come into the next section (picture below). Traders can choose to take a free deposit bonus or not.

Make your deposit

Now you will get the payment notification if the process was sucessfull. Also, you will get a email with the deposit details. You will see the message in the picture below:

Confirmation of the payment

Deposit methods for 10$ minimum deposit:

  • Credit Cards
  • Neteller, Skrill
  • Bitcoin
  • WebMoney
  • Fasapay
  • Epayments
  • And more methods depending on your country of residence

How to do your withdrawal:

For the withdrawal, you can use the same methods as the deposit. It is very easy to make a withdrawal too. Just go into the account dashboard and click on “withdraw”. Most withdrawals are processed within 24 hours. We tested the process and the money was in less than 5 hours into our account. The maximum duration for withdrawal is 3 business days.

Request your payment

Click on “send a request” and Olymp Trade will process the payment. The minimum limit for withdrawal is 10$ and there are no fees too. In addition, there are no maximum limits for your account.

In the picture below you will see our withdrawal request. We made a payment of 90$ with the payment method Neteller. It is a very efficient method to do international transactions.

Advantages of the Olymp Trade withdrawal:

  • Very fast (from our experience in less than 24 hours)
  • No fees
  • 10$ minimum limit and no maximum limits

(Risk warning: Your capital is at risk)

Free Olymp Trade Bonus is available

Olymp Trade offers bonuses for traders. The bonus can be up to 100% of the deposit. For every new trader, there is a unique offer of a first deposit bonus. Olymp Trade doubles your deposit for free. Furthermore, you can get a high bonus on further deposits (see the picture below).

You can use the bonus to make additional profit. It is not possible to withdraw the bonus amount but you can withdraw your profit which is made by the bonus amount. There are no restrictions for your account and the account balance is not blocked. Compared to other bonus offers from other brokers this is a new type of bonus.

It is possible to activate the bonus or not. After you activated the bonus and made the deposit you will get an additional bonus balance in your account. Remember, you can not withdraw the bonus.

In conclusion, the Olymp Trade bonus is a very good program for any trader who wants to trade with more volume on the markets. It is completely free and there are no restrictions for your account. There are only advantages to it and we recommend to take the free bonus.

The advantages of the bonus:

  • Up to 100%
  • Free deposit bonus
  • No restrictions or account balance blocking
  • You can not withdraw the bonus but the profit
  • Fair conditions

Are there Olymp Trade fees?

Surprisingly there are no fees for the deposit and withdrawals. This is a huge advantage compared to other Forex Brokers. You can do unlimited money transactions for free. In addition, for options trading, there are no fees to. Only when you trade forex there is a trading commission for open an order.

For an inactive account, there can be an inactivity fee. When you did not trade for 180 days there is a service fee of 10$. This fee only occurs if you got money in your account balance. To avoid the service fee you have to do at least 1 trade in 180 days.

Fees for traders:

  • No deposit fee
  • No withdrawal fee
  • No option trading fee
  • Forex trading commission
  • Inactivity fee after 180 days (10$)

Olymp Trade Trading Platform Review

In the next section we will show you the Olymp Trade trading platform with all details and functions. The platform is multifunctional and offers a huge range of different markets and assets. The software is available for any device. That means you can trade with your computer, smartphone, or tablet.

From our experience, the platform is easy to use and understand. Within a few minutes, you will know how to trade because all functions are clearly shown in the software. For further information, Olymp Trade offers an education center with webinars, strategies, tutorials, and videos. All in all, it is one of the most user-friendly platforms for a trader. Continue reading to get an exact overview of how it works.

Olymp Trade Trading Platform

As you see in the picture above multi-charting is available. You use different indicators and chart types to analyze the market. We will go in more detail later. On the platform, you can find any function with less than 3 clicks. It is a very clear platform and all the functions are available for mobile (App) and desktop.

Advantages of the Olymp Trade software:

  • User-friendly and multifunctional
  • Customizeable
  • Easy to understand
  • Clear platform
  • Available for any device
  • A lot of indicators and analysis tools

What can you trade on the platform? – Offers for traders

Traders can trade options or forex on the platform. These are 2 different financial products which we will discuss in the next section in detail. You can invest in these financial products in more than 200 different markets. Currencies, cryptocurrencies, stocks, ETFs, indices are available.

On the menu, you can pick the market you want. You will see the changes within 24 hours and the rate of return. It is also possible to save favorites. The rate of return (yield) for fixed time trades can be up to 92%+. It is important to know the regular trading time of your asset because the yield will be higher.

Chose any market

The platform works 24/7 and it is possible to trade on the weekend OTC assets or cryptocurrencies. Surprisingly on the platform, you will find a lot of different cryptocurrency assets. Traders can make a huge profit because the volatility is very high in these assets.

In conclusion, if you are searching for short-term or long-term investments then you are completely right on this platform. Olymp Trade offers the trader any market and financial product which he needs to make a profit.

Offers for traders:

  • More than 200 different markets
  • Trade forex and fixed time trades on one platform
  • Yield up to 92%+
  • Long-term and short-term trades
  • Currencies, cryptocurrencies, indices, commodities, stocks, ETFs
  • Trading 24/7

(Risk warning: Your capital is at risk)

Mobile Trading (Olymp Trade App)

Another important point to check for a reliable online broker is the mobile app. For successful trading is necessary to use the mobile phone sometimes. On the other side, a lot of traders prefer to trade with the smartphone or tablet instead of the computer. We tested the app completely and we will show you our review in this section.

The mobile app of Olymp Trade is available for Android and Apple (iOS) devices. Also, you can use a tablet for trading. You can install the app within 1 minute by downloading it from the app store. In the picture below you will see a direct screenshot of the app.

Screenshot mobile app

Similar to the web version the Olymp Trade app has the same functions and offers for trading. There are not so many differences between the desktop and the app. You can use the analytic tools, indicators, and chart types for trading.

The advantage of the mobile app is that you get a connection to your portfolio any time you want. You just need your smartphone to get access to over 200 different markets. In addition, the order execution is fast like in the desktop version. All in all, the mobile app is another point why Olymp Trade is so popular.

Mobile trading is possible:

  • The app is available for any device (Android, Apple)
  • Fast execution like desktop trading
  • Same functions like desktop version
  • Trade 24/7

Chart types and indicators for analysis

For trading options and forex a technical analysis should be used. On the platform, you can use different chart types and indicators. Olymp Trade offers a huge range of tools for the analysis. If this is not enough for you you can use fundamental news and analysis which is also provided by Olymp Trade.

Chart types and analysis tools

If you click on the chart next to the symbol the menu for chart types and indicators will open. You can use more than 4 different chart types for trading. The most popular chart type is the Japanese candlesticks. It allows you to get more information from the chart than by using the line chart.

For a further analysis more than the technical analysis, you can click on the menu to get fundamental data. Olymp Trade provides you the economic calendar, trading signals (VIP), and information about volatility. We recommend checking the news before trading because the volatility can be very strong on certain events like economic news.

Make professional analysis with Olymp Trade:

  • More than 20 indicators
  • Technical analysis tools
  • Economic calendar
  • Fundamental analysis
  • Different chart types

Multi charting is possible to analyze more than one chart at the same time.

Fixed Time Trades trading tutorial:

When it comes to trading many traders are asking how to make money on the Olymp Trade platform. As mentioned before you can choose between fixed time trades and forex trading on the menu. It is possible to switch with one click between these two financial products. In the next sections, we will discuss how to trade on the platform and how does it work to invest money.

Fixed time trades (Wikipedia) is very popular because it is easy to understand how it works and you get a 50/50 chance to make a very high profit of up to 92%+. Just choose a market or asset for your analysis and investing. Make a forecast of the price direction in the future. You can choose an expiry time when the contract will end. At the end of the option, the price has to be below or above the strike price (entry point). You can trade in both directions (up or down).

Fixed Time Trades trading

There are only two options. You can lose the investment amount or win the high yield. Before you start the trade you know all conditions. Overall it means your hit rate has to be over 50% or you double your investment amount when you lose a trade. By using an asset with a high return of investment you can make a lot more money.

The minimum investment is 1$ per trade. You can choose any expiry time of the trade. It is possible to trade short-term and long-term fixed time trades. The minimum expiry time for the fixed time trade 60 seconds. That is why options are so popular. You can make a lot of money on a small-time horizon and the market has to move only 1 point in your predicted direction.

Summary of fixed time trades trading:

  1. Choose the asset you want
  2. Make an analysis and a forecast of the price movement
  3. Choose the expiry time of the fixed time trade
  4. Trade up or down
  5. Make profit or lose

(Risk warning: Your capital is at risk)

Forex Trading Tutorial:

There are some differences between these two financial products. The main difference between forex trading and fixed time trades trading is that with forex trading you will make more profit if the price moves more in your direction. With options trading the profit is limited. Forex trading means that you can make an unlimited profit or loss.

For all scary trader, you can not make a debt on the platform. The broker will close your trade automatically. With forex trading, it is possible to set limits for the profit and loss by the take-profit and stop-loss. For example, you invest in a currency and sell the other currency. If the price is rising you can make a profit. Also, short trades are possible because you always trade 2 different currencies in one currency pair.

Forex trading is leveraged trading. That means you trade with more money than you own. The maximum leverage is 1:500 and you see that clearly on the trading platform. Leverage is necessary for forex trading because there is very low volatility.

Summary of forex trading:

  1. Choose the market you want to trade
  2. Make a forecast and analysis of the chart
  3. Choose your investment amount
  4. Set the stop-loss and take-profit
  5. Start trading
  6. Close the trade whenever you want with profit or loss

Review of the support for traders

Olymp Trade offers a chat, email, and phone support. The employees are working 24 hours per week each day. In addition, as an international broker, the support is available in more than 8 languages.

From our experience, the support works very quick and professional. If you got any questions you can write a specialist directly through the chat option. Furthermore, there are huge FAQ articles to answer the most asked questions. VIP traders get a personal account manager which will help you personally. It is nothing special but Olymp Trade tries to make good contact with its customers.

Support available: Languages: Options: Phone number:
24/7 More than 8 Phone, email, chat +27 (21) 1003880 Cape Town, South Africa
+54 (11) 59175747Buenos Aires, Argentina

Olymp Trade education center and free webinars

Olymp Trade offers a very good service for its traders. There is a huge education center with learning material. You can learn about each indicator, about the news, and about strategies and analysis. There are more than 318 different videos for traders. Beginners should be very comfortable with the mass of education.

Olymp Trade education

To get further information you can join the webinars. They are free to join and live made by a professional trader. The webinars are about different topics like strategies or beginner tutorials. In addition, you can ask questions and chat with other traders.

Video tutorials:

  • How to trade
  • Trend indicators
  • Oscillators
  • Strategies
  • Webinars

All in all, Olymp Trade tries to educate its traders. You can use this offer or not. It is completely for for everyone. From our experience, there is information for beginners and advanced traders.

Our test result and review says that Olymp Trade is one of the best brokers for trading fixed time trades and forex. On this page we showed you all details and functions of the Forex Broker. Now you got a good overview of the platform and know why you should sign up.

Olymp Trade offers very good trading conditions for trading options and forex on one platform. The software is professionally designed and easy to use by beginners and advanced traders. You can customize the chart for different strategies like you want. Another advantage of the broker is that you can start trading with a small deposit of 10$. Also, the minimum investment per trade is only 1$.

In conclusion, Olymp Trade is not so popular without reason. You get very fast access to the financial markets and you can trade with a very high return of investment on the platform. It is a trusted and recommended broker.

Why you should open an account with Olymp Trade:

  • Regulated and safe company
  • Free demo account
  • Minimum deposit $10
  • More than 100 markets
  • Fixed time trades and forex trading on one platform

Olymp Trade is a legit and reliable online broker. You can invest by using the best conditions for forex and options trading. (5 / 5)

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