CMC Spread Dealing Center: Reliable Broker or Risky Choice?
CMC Spread Dealing Center is an offshore broker registered at Beachmont Business Centre, Suite 199, Kingstown, Saint Vincent and the Grenadines. Registration number: 26216 BC 2021.
No information is provided about any licenses. The absence of licenses does not allow claiming that this broker operates legally.
The official website cmcspread.com is available in multiple languages, but the Russian version is not present. The main page in English looks like this.
Advantages of CMC Spread
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Professional customer support.
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Immediate order execution.
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Best trading platforms.
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Security and protection.
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Diversity of trading instruments.
By studying real reviews about CMC Spread, you can find out if the information about the alleged advantages of this company is true.
To contact support representatives, you can use a phone number, email, or feedback form.
Trading Conditions of CMC Spread
The broker offers trading in various assets. The following categories are available:
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Currency pairs.
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Indices.
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Precious metals.
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Energy resources.
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Futures.
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Stocks.
Types of CMC Spread Accounts
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Bronze. Minimum deposit $250. No information on spreads. Leverage up to 1:100.
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Silver. Minimum deposit $2000. Spreads from 2.5 pips. Leverage up to 1:200.
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Gold. Minimum deposit $10,000. Spreads from 1 pip. Leverage up to 1:300.
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Platinum. Minimum deposit $50,000. Spreads from 0.1 pip. Leverage up to 1:400.
Same conditions for all accounts: access to 50 currency pairs and 45+ CFDs, trades from 0.01 to 50 lots, no restrictions on the number of open positions, Stop Out level 5%, manager assistance, scalping allowed.
For trading, several trading platform options are available. The first option is a terminal that needs to be downloaded to a PC. Its features/advantages include:
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Advanced charts with over 60 studies.
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Customizable order entry system.
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Tabbed charts and time filters.
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Market data watchlists.
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Real-time complex scanning tools.
The second option is a mobile terminal. Clients are guaranteed:
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21 different timeframes.
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35+ pre-installed indicators.
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40+ graphical objects.
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Market depth information.
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Multi-currency tester.
Option #3 is a WebTrader, a platform that allows online trading without the need to download it to a PC or mobile device. This terminal has all the necessary tools, indicators, a wide range of data, market news, an economic calendar, updates, current prices, and more.
Depositing and Withdrawing Funds from CMC Spread
A detailed list of available payment methods is absent, but there is this information: withdrawals must be made only to the same bank account or credit/debit card used for depositing funds. Whether other payment methods, including e-wallets and cryptocurrencies, are supported is unclear. There is no information about fees and withdrawal/deposit timeframes.
Conclusion
Overall, the informativeness of the official website cmcspread.com is at a high level, which is a definite plus. The trading conditions can also be considered quite favorable. However, the most crucial aspect – the reliability of the broker – raises significant doubts, as it is clearly of offshore origin and lacks any licenses at all.
To decide whether to collaborate with this broker, it is advisable to study reviews about CMC Spread and consult with an independent specialist.