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CMC Markets

  • #1
  • First Post: Nov 10, 2008 4:34pm Nov 10, 2008 4:34pm
Hi
I want information about there trading platform and who it is to trade with them.I hope for many new feedback.
Thx
  • #2
  • Nov 11, 2008 4:01am Nov 11, 2008 4:01am
trading platform used to be pretty good (still not comparable to MT4) until about 4 weeks ago, when they "updated" their software. Now it's a piece of crap. Loads very slowly, almost no indicators available anymore, no own indicators programmable and the entire thing just makes your eyes hurt + a lot of simple function that don't work anymore. just download their demo to see yourself. Intraday trading isn't the best thing to do with them.. but I guess you have a lot of brokers that execute too slow during busy times. End of day trading worked perfectly fine for me .. but I switched brokers due to their absolutely non-recommendable trading platform.... in their internal forum people are complaining ever since the update of the software
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #3
  • Nov 11, 2008 5:35am Nov 11, 2008 5:35am
Quoting Slight
trading platform used to be pretty good (still not comparable to MT4) until about 4 weeks ago, when they "updated" their software. Now it's a piece of crap. Loads very slowly, almost no indicators available anymore, no own indicators programmable and the entire thing just makes your eyes hurt + a lot of simple function that don't work anymore. just download their demo to see yourself. Intraday trading isn't the best thing to do with them.. but I guess you have a lot of brokers that execute too slow during busy times. End of day trading worked...
I guess you're talking about their charting. I never used that anyway so I wasn't bothered about the change. I use MT4 for charting and CMC for orders. Their software doesn't have a lot of features but is rock solid reliable in my experience. I've never had an outage in all the years I've been with them.

Order entry is pretty good. You can set default position sizes for each pair, so it's just a single click to buy or sell at market. I've seen no problems with execution & no widening of spreads ever. You get re-quotes in fast markets which is preferable to spread widening. Re-quotes can work in your favour, whereas spread widening always costs you money.

The only major issue is the lack of a contingent OCO order. This pretty much rules out using unattended pending orders. This is a major drawback, but I'm sticking with CMC anyway for the excellent execution and reliability I've experienced to date.
  • #4
  • Nov 11, 2008 5:53am Nov 11, 2008 5:53am
.. yep if you only want to trade currencies I guess you can use MT4 for charting but trading with CMC.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #5
  • Nov 13, 2008 2:37pm Nov 13, 2008 2:37pm
Quoting euclid
I've seen no problems with execution & no widening of spreads ever.
Spoke too soon. They have now started widening spreads. Still reasonable given the current volatility, but it's another thing to keep an eye on.
  • #6
  • Nov 13, 2008 2:40pm Nov 13, 2008 2:40pm
Quoting Slight
.. yep if you only want to trade currencies I guess you can use MT4 for charting but trading with CMC.
What's a good word about CMC?
  • #7
  • Nov 14, 2008 12:46am Nov 14, 2008 12:46am
CMC have got really bad, their platform sucks, spreads are all over the place, slippage without requotes, price freezes.

GBP/USD

http://i33.tinypic.com/2rppjpz.jpg

http://i37.tinypic.com/nzeo80.jpg

http://i34.tinypic.com/dxl95f.jpg
  • #8
  • Nov 15, 2008 5:11am Nov 15, 2008 5:11am
duh that's more like spread explosion
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #9
  • Sep 1, 2010 12:48am Sep 1, 2010 12:48am
I just came across this small interview with one of CMC markets staff, perhaps its usefull here. not a lengthy one though here
  • #10
  • Mar 28, 2012 11:20pm Mar 28, 2012 11:20pm
I saw a banner ad of CMC Markets UK at trade2win. I tested their web platform and its seems to be good and very convenient. Spreads are also tight, plenty CFDs as well.)))
Can anyone post here feedback on them? Please, only those who trade or traded with CMC Markets.)))
  • #11
  • Mar 31, 2012 3:59am Mar 31, 2012 3:59am
I've use their demo and will open an account soon.

The trading conditions at CMC regarding the new Next Generation platform are the best. No other Broker will beat the conditions CMC offers.
Forex is a losers game.
  • #12
  • Mar 31, 2012 5:36am Mar 31, 2012 5:36am
The worst broker I ever used , requotes,delays, disconnections,trades with profits cancelled....a bunch of criminals...
  • #13
  • Mar 31, 2012 5:37am Mar 31, 2012 5:37am
Quoting lostinspace
CMC have got really bad, their platform sucks, spreads are all over the place, slippage without requotes, price freezes.

GBP/USD

http://i33.tinypic.com/2rppjpz.jpg

http://i37.tinypic.com/nzeo80.jpg

http://i34.tinypic.com/dxl95f.jpg


Exactly, a bunch of crooks..
  • #14
  • Mar 31, 2012 5:44am Mar 31, 2012 5:44am
That was on the old platform. On the new platform they got a new execution system that is fully automatic.

Here is what they say: "It is a $100 million new platform that is completely 100% automated with no dealer tricks."

You can't compare the Performance of the old platform with the Next Generation platform.
Forex is a losers game.
  • #15
  • Mar 31, 2012 11:37am Mar 31, 2012 11:37am
seems like a 'battle of the reps' is going on in the last few posts...
  • #16
  • Apr 2, 2012 2:38am Apr 2, 2012 2:38am
Quoting MiG123
seems like a 'battle of the reps' is going on in the last few posts...
Right on the ball MiG123.

The reps (LMAX’s Cocoflanel & CMC’s Trader121) seem to believe the rest of the real forum members are muppets. They must have fallen out of the stupid tree and hit every branch on the way down. Both have intellect rivalled only by garden tools.
  • #17
  • Apr 2, 2012 3:29am Apr 2, 2012 3:29am
Quoting Cocoflanel
The worst broker I ever used , requotes,delays, disconnections,trades with profits cancelled....a bunch of criminals...
requotes????? what platform?
  • #18
  • Apr 2, 2012 4:15am Apr 2, 2012 4:15am
Quoting High.Five
Right on the ball MiG123.

The reps (LMAX’s Cocoflanel & CMC’s Trader121) seem to believe the rest of the real forum members are muppets. They must have fallen out of the stupid tree and hit every branch on the way down. Both have intellect rivalled only by garden tools.
Rep? LOL. I do not even got an account there. I had one 5 years ago but closed it because I have lost a lot of money there.

However you cannot compare an old platform with a new 100 Million platform. That has not anything to do with "Rep", it's just logic. I'm convinced that Cocoflanel isn't a rep either.
Forex is a losers game.
  • #19
  • Apr 3, 2012 3:56am Apr 3, 2012 3:56am
Quoting trader121
Rep? LOL. I do not even got an account there. I had one 5 years ago but closed it because I have lost a lot of money there.

However you cannot compare an old platform with a new 100 Million platform. That has not anything to do with "Rep", it's just logic. I'm convinced that Cocoflanel isn't a rep either.

LOl, neither I am , if you have half a brain you would know that the only places to trade forex seriously are the CME exchange and the Lmax exchange

All the forex ECN's are pseudo ECN's,

Read what a broker has to say :

"Although many prime brokers and FX dealers claim that their Currenex blend is a true STP and inter-bank pricing model, we believe that most prime brokers or FX dealers mark-up their spreads significantly and place unreasonable last look provisions on deal flow, especially during times of increased market volatility or news events. While such practices are widely known and accepted by industry participants, with vCap FX, we believe you can access a highly customizable and unique multi-bank blend that, unlike most other Currenex providers, provides executable deal flow, tighter spreads and reduced “last look provisions”."

http://vcapfx.com/forex-portals/currenex/
  • #20
  • Apr 3, 2012 4:26am Apr 3, 2012 4:26am
Quoting Cocoflanel
LOl, neither I am , if you have half a brain you would know that the only places to trade forex seriously are the CME exchange and the Lmax exchange

All the forex ECN's are pseudo ECN's...
Proof that evolution CAN go in reverse.

IQ lower than plant life.
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