CMC Markets – what we know and have as facts about it; CMC Markets was established in 1989 and is a trading name of group of companies that includes: CMC Markets Asia Pacific Pty Ltd, which is licensed by the Australian Securities and Investments Commission (ASIC) under license number 238054; CMC Markets UK plc, which is authorized and regulated by the Financial Conduct Authority (FCA) under the license number 173730; CMC Markets NZ Limited, which is regulated by the Financial Markets Authority in New Zealand (FMA) under license number 1705324; CMC Markets Singapore Pte. Ltd., which holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products Reg. No./UEN 200605050E. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Risk Warning Notice document that CMC Markets acts as a market maker. That means the company may run the risk of not hedging the client’s position and if the client loses CMC Markets wins. That leads to a conflict of interest.
We also found that there are some posts in forums about illegal exchange of futures contracts on a different date from the announced one, poor customer support.
So far, we have not received any complaints from customers of CMC Markets. If you have any criticism to share with us or feel annoyed by CMC Markets, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and CMC Markets if you wish.