Forex trading

When trading forex, you speculate on whether the price of one currency will rise or fall against another. For example, if you believe that the value of the British pound will rise, relative to the value of the US dollar, you would trade the GBP/USD pair.

To open a position you first need to deposit an amount of money known as a margin. The margin required reflects a percentage of the full value of the position. Trading on margin means you place an initial deposit, rather than the full value of the trade upfront.

The margin requirement for forex starts at 3.34%, which means you only have to put up 3.34% of the full trade value. This gives you greater exposure to your chosen financial instrument. It's very important to remember that your profits and losses will be magnified, as they're based on the full value of your trade and not just your initial margin.

One of the advantages of trading CFDs is that you only need to deposit a percentage of the full value of your position to open a trade, known as trading on leverage. Remember, trading on leverage can also amplify losses, so it's important to manage your risk.

CMC Markets has 15 global offices, including in the UK, Australia, Germany, Canada, New Zealand, Singapore and Bermuda. CMC Markets’ entities are licenced and regulated by the local authorities, for example, CMC Markets Bermuda is licenced to conduct investment business and digital asset business by the Bermuda Monetary Authority (‘BMA’).

As a CMC Markets’ client, your money is held separately from CMC Markets’ own funds. It is held in segregated client bank accounts distributed across a range of major banks, which are regularly assessed against our risk criteria. Under the BMA rules, retail clients must be provided with negative balance protection. This means the maximum amount you can lose is what you initially deposit with us.

If you’re trading on MT4 or MT5, select the instrument you wish to trade (double-click on your PC or laptop), and a new order window will appear. Enter your desired volume (in lots), add any risk-management orders such as a stop-loss or take profit order. Then place a market order in the direction you wish to trade; buy to go long, or sell to go short. There are several ways to place trades or orders using MT4 or MT5 – you can learn more about MT4 or MT5 functionality by navigating to Help > Help topics or Help > Video Guides.

If you’re trading on our Next Generation platform, search for your desired instrument from the ‘Product Library’. Select your chosen instrument (right-click on your PC or laptop), and select ‘Order Ticket’. In the order ticket box, choose your order type (from Market, Limit, and Stop-Entry Order), and then enter your desired volume in units or amount (this can be configured from the ‘Settings’ menu in the main navigation). Add stop-loss and take-profit levels to minimise your risk, and choose to ‘BUY’ or ‘SELL’, depending on whether you want to go long or short. When you’re ready, select ‘Place Buy Market Order’, or ‘Place Sell Market Order’.

For retail clients, the maximum leverage you can currently trade with is 200:1 (or 0.5% margin) with our CFD trading and FX Active accounts.

TradingView is a trading research platform where you can view charts, analyse trends and interact with an online community. You can connect your TradingView account to your CMC Markets account, enabling you to open, manage and close trades within TradingView. Learn more about TradingView here.

MetaQuotes' MetaTrader 4 and MetaTrader 5 are globally popular forex and CFD trading platforms. TradingView is a trading and charting platform which you can link to your broker account to place trades. Our proprietary web-based platform is feature-rich and enables access to trade CFDs on 12,000 instruments.

With each platform you can choose from our CFD trading or FX Active accounts. Our FX Active account offers spreads from 0.0 pips on six major FX pairs, with a 25% spread discount on all other pairs. There is a fixed, low commission at $2.50 per $100,000 notional value traded.  

Our trading platform doesn’t require any downloads, while MT4 and MT5 requires downloading to fully utilise its features, such as algorithmic trading (through Expert Advisors) and social trading available via the MQL4 and MQL5 communities. 

The MetaTrader platforms offer hedging positions by default, while CMC’s trading platform offers netted positions by default. 

Yes, you can open an opposite, related, or alternative trade, with no interruption for traders using Expert Advisors.

Log in to your MT4 or MT5 client portal or the Next Generation platform and follow the instructions in the funding section.

You can reset your password by selecting ‘Forgot password?’ on the login page. We'll then send instructions for changing your password to the email address you use to log in to your account.

Our aim is to provide a high level of service to all our clients all of the time. We value all feedback and use it to enhance our products and services. We appreciate that from time to time, things can go wrong or there can be misunderstandings. We are committed to dealing with queries and complaints positively and sympathetically. Where we are at fault, we aim to put things right at the earliest opportunity. You can find our complaint handling procedure here or contact us at global@cmcmarkets.com to begin your account query. Please note that all queries and complaints will be handled in English.