CMC Markets

This is a discussion on CMC Markets within the Broker Reviews forums, part of the Trading Reviews category; As a regular user of D4F they are the outstandingly best UK platform for online trading .. my interest is ...

 
 
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Old Oct 19, 2003, 8:57am   #17
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Default D4F

As a regular user of D4F they are the outstandingly best UK platform for online trading .. my interest is the Dow. What other platform is there? No offense intended but Finspread does not compare; when you want to trade you have to wait while they bring up a price .. really sweet.

There have been a few recent problems with the D4F platform which are irritating when they occur. The live graph currently appears not to working properly with intermittent dotting instead of the actual price movements but anyhow I use LiveCharts at Quote.com (and recently they went intermittently bad for a couple of days).

But D4F gives you a live, continuous and sensitive 'prices meter' with an instant trading facility. Cool. And then there is lovely tax free feature of all spreadbetting .. bliss!

Rating: 9/10

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Old May 20, 2004, 1:22pm   #18
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Default CMC

They may say Deal for 'Free' but the spread is often wider than quoted if you want to deal in any reasonable size. They will keep you hanging on and waiting to deal even if there are sufficient orders on the book to fill your deal.
Customer service? If you have a problem... don't bother.

Much prefer other brokers to this company, even if it might 'seem' initially you have to pay more.


Rating: 4/10

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Old Jul 15, 2004, 12:29pm   #19
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Default Don't ever Deal4Free!!

Nothing good to say about this company - wouldn't recommend them to anybody.

System is poor, service is even poorer, as for the spreads - don't even get me started!

Please look at every other company possible before you open an account with them.

If I could rate them less than 1 I would.

Rating: 2/10

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Old Jun 23, 2005, 8:41pm   #20
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Default Deal4Free Spreadbet

This review is from a spread betting perspective.

In comparison to other firms deal4free have the tightest spreads i have seen, i challenge anyone to enlighten me as to a cheaper option here (spread betting only).

They have a broad range of instruments however if you are looking to trade smaller cap US stocks they will not cover these.

Occasionally in fast markets you may get re-quoted price, however this will depend on your trade size and trading £1-5 per point I hardly ever get re-quotes.

Whether you get re-quoted will also depend on your trading style, if trying to scalp (not advised with spread betting) you will undoubtedly get re-quotes.

The trading platform is rather resource intensive, with the new IT Finance Charting system it is the best trading platform of any spread betting firm imo (again I welcome anyone to challenge this) , offering customisable indicators and option to write your own indicators and systems and then back-test them on spreadbet data. The charting is surprisingly good however again is resource intensive, with recent updates to platform I have found it less reliable that it used to be due to increased computer requirements, sometimes charts can take a while to load and sometimes simply wont at all around busy market hours, though once loaded they update fine. However if ur using your own charts package then the execution side of the trading platform is robust.

They also have real-time account monitoring, which keep tracks of positions and account balance. However they keep track of positions at market price rather than bid/offer which doesn’t give you exact profit/loss on eacj trade only out by a few pounds here and there but still annoying. Once the trade has been exited they obviously give exact P/L with executed entry and exit price.

They have a good range of strategy orders with market, GTC and Day Stops, One Cancels Other, Controlled Risk Bet etc.

On support there is a live chat option through which you can speak to different depts of D4F regarding general enquires perhaps on software or to dealers regarding execution. I have always found the chat to be quick and efficient in solving problems.

Whilst Deal4free spreadbet is not the ideal platform for an active day trader to work for, as a spread betting from in general I think it is by far the best out there.





Rating: 9/10

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Old Jun 27, 2005, 3:13pm   #21
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Default D4F

I have been using CMC/D4F for over 3 years now and I have seen that how their software has grown in functionality and stability and how much effort they put on their system.

I trade forex/index/gold/oil with them and have in past compared their prices with other providers (oanda for example) and their spreads are equal or better.

I do get sometimes "requote" but that is understanable given the trade size or market volatility.

The only time I was not happy with them because I was trading too much and too fast and trying to find someone else to blame for my losses. If I am trying to get 10 points scalp and market moves against me and I also get a requote on top, of course I will be unhappy. But this can happen any where.

Once I have started trading in a discipline, I am making money with them as well as I think they are makign money in the "market making" and "flow".

I do not think their business model is the bookie business model -> suck all blood out of your client.



Rating: 8/10

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Old Apr 30, 2006, 7:12am   #22
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Default Steal 4 Free

This company has a reputation for running stops and moving prices that do not reflect the underlying index.Constant reqoutes and extremely poor service complete the picture.

If you want to get severly worked over this is the company to chose.

Do not ever trade the aussie 200 index with these guys they will kill you.

Rating: 1/10

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Old May 2, 2006, 1:59pm   #23
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Default Could do better

I've been dealing with CMC for just over 18 months now. Initially there reputation, or lack of it, on the customer service side was a worry. However whenever I have had to speak to a dealer or ask for assistance they have been great. No problems.

The only gripe I have is with their trading platform Marketmaker. It's a great package and has fantastic charts, it just doesn't always seem to work that well. It freezes at time and candles can be missing or change shape/colour when you next log on. Not helpful if you are trying to ascertain a HLCO scenario. If they could sort out the problems with it then they would do better.

Rating: 8/10

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Old May 7, 2006, 12:22pm   #24
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Default I like it

Been with CMC for 7 months now - German version. Support is very good and charts as well as the software is one of most stable ones I've ever used. I like the fact that your templets get saved on their servers, so wherever I log in I got the same layout. Execution is fast. The data on the charts is not always clean (notrade spaces for example) thats a minus.

Rating: 8/10

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