CMC Markets is a first-rate research team that reports daily on the latest market data updates, as well as gives an analysis of major news stories. Market studies and evaluations of the impact of developments on specific markets are included in every publication uploaded on the website.
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CMC Markets provides resources for learning. Use it to your advantage if you’re just starting in the trading world; it’ll come in handy even when dealing with domestic cargo.
CMC Markets provides a large library of articles and videos for its customers to learn from. As an added service, it provides traders access to instructional videos on the platform. This CMC Markets review will explore the available educational resources, which include a wide array of tools and features, including the following: –
- Learning center:
CMC Markets’ education hub provides courses for traders of all skill levels and interests. CMC offers a wide range of instructional resources, from articles aimed at newcomers to the forex market to more expert strategy guides that include bitcoin trading materials. An extra 140 papers on varied subjects, including basic and technical analysis, were also tallied.
- Educational Video and audio
Video and audio instructions for using the CMC Markets platform and other instructional resources are available on the company’s YouTube page. The Artful Trader Series, Opto Sessions, and a video playlist devoted to trading methods are just a few examples of the material that can be found on the company’s website and trading platforms.
Through its Australian and British offices, CMC Markets hosts a wide variety of webinars, with presentations given by both in-house analysts and those from the third-party supplier Trade with Precision.
- Room for improvement:
CMC Markets may better compete with educational giants IG and AvaTrade by adding quizzes, measuring students’ progress, and consolidating all its instructional resources into a single location. In addition, in 2021, CMC Markets reduced the rate at which new videos were uploaded to its primary YouTube channel in favour of its Opto CMC channel, which continues to publish high-quality videos.
Methods for both deposits and withdrawals
- The broker can accept bank wires, credit cards, and debit card transfers for both deposits and withdrawals.
- Even though this broker is ranked among the top in the forex industry, its limited transfer alternatives are a major drawback.
- The broker does not charge any transaction fees for deposits or withdrawals because these are the only services it provides, but traders should be aware that their banks may impose such costs.
- There are no fees associated with making a deposit or withdrawal. However, a 1% fee is assessed for most credit cards and a 0.6% fee for debit cards.
- The costs might be higher if you deposit a large amount of money. Ten transactions a month would be the average amount.
The following payment methods are acceptable for deposits and withdrawals: Debit cards, Credit cards, Bank transfers, BPAY, and Electronic Wallets.
List forex brokers for newbies
A reliable online forex broker might be an invaluable resource if you want to start trading forex on the retail level. Because your broker will be your main entry point into the foreign exchange market, it is important to ensure that it provides the services you need and the currency pairings you want to trade.
If you feel confident enough, you can begin trading forex. Below find out the list forex brokers for newbies are.
CedarFX’s demo and real accounts for the MetaTrader 4 trading platform are free, making it a great option for novices. To prepare for your first foray into live trading, you may practise your technique and become familiar with the platform by monitoring the market under comparable conditions. Download the MT4 App or use Web Trader to trade from any iOS, Android, or desktop computer.
CedarFX’s customer service is available around the clock, so you can reach out to them whenever you have questions or need help. You may contact the team via chat, email, or phone call.
- Interactive Brokers
If you wish to actively trade across many markets and asset classes, then Interactive Brokers is the finest online broker for you. The broker has cheap transaction charges, including no commission on U.S.-listed stocks and ETFs. There are a total of 33 nations where you may take advantage of Interactive’s excellent brokerage services; the company also provides coverage for 134 global markets and the ability to trade in 23 different currency pairings. This broker imposes inactivity fees and requires a minimum margin deposit of $10,000 before you can begin trading. Customer satisfaction with Interactive’s proprietary trading platforms, such as the Client Portal, Trader WorkStation (TWS), and mobile apps, is very high.