Client Disclosures

Referrers

Referrer remuneration and commission

If you have been introduced to CMC Markets Bermuda Ltd (‘CMC Markets’) through a referrer (‘Intermediary’) and open an account on CMC Markets’ MetaTrader4 or MetaTrader5 platform, that Intermediary may receive remuneration from CMC Markets based on the referral and/or the trading activity on your MetaTrader4 or MetaTrader5 account. Please note that the remuneration paid to the Intermediary and disclosed to you may change from time to time, without any prior notice to you.The following table sets out a range of remuneration that may be paid to an Intermediary in connection with trading activity on your MetaTrader4 or MetaTrader5 account.

In addition to the above, CMC Markets may pay a fixed fee to Intermediaries for each customer they refer to CMC Markets. This referral fee will typically be USD$125, although a referral fee of up to USD$500 per customer may be paid to Intermediaries. Unlike the variable remuneration outlined above, this fixed fee is not based on the amounts charged by CMC Markets.

If you wish to receive further information on the remuneration payable to an Intermediary that is specific to your account, you may do so by contacting our Client Management Team on global@cmcmarkets.com or (UK) +44 20 3003 8080.

Please note that, as at 20th January 2025, an Intermediary may only receive remuneration in connection with CMC Markets clients it has introduced that trade on the MetaTrader4 or MetaTrader5 platform. An Intermediary will not earn any remuneration for introducing clients to CMC Markets’ Next Generation platform.

Important notice to referred Clients

As a client referred to CMC Markets Bermuda Ltd (“CMC Markets”), we encourage you to promptly report any concerns or suspicions regarding misconduct by your Referrer. This includes, but is not limited to, any actions or behaviour that may breach the commitments outlined in our BMA Code of General Business Conduct and Practice.

These commitments include:

Ensuring fair treatment of Clients.

Providing accurate, sufficient, and non-misleading information.

Refraining from any undue pressure, misrepresentation, or coercion.

If you suspect that your Referrer has engaged in any unethical, inappropriate, or unauthorised behaviour or activities, please report it immediately to us via our designated reporting channels. Your feedback is valuable in helping us maintain the integrity and highest standards of conduct within our referral program.

Referral basis

Referrals to CMC Markets must be made strictly on a reverse enquiry basis. This means that Clients must express interest first, and Referrers must not actively solicit, promote, or market CMC Markets’ services.

By engaging with a Referrer, you acknowledge that their role is strictly limited to an introductory function, and CMC Markets assumes no liability for any unauthorised representations, advice, or actions taken by the Referrer outside of their permitted scope.

Prohibited activities for Referrers

To protect you and ensure compliance with regulatory and ethical standards, please note that Referrers are expressly prohibited from:

• Providing investment advice or recommending investment products.

• Handling your money or property in relation to introducing or referral activities.

• Executing transactions or dealing on your behalf.

• Actively selling or marketing CMC Markets’ products, which includes: (i) publishing advertisements in local print media, broadcast media, or on electronic platforms when published with a geographic domain identifier, or (ii) promoting CMC Markets’ products through unsolicited outreach.

• Offering any incentives, inducements, or pressuring you to trade.

Compensation disclosure

Please note that your Referrer may receive remuneration from CMC Markets based on your referral and/or the trading activity on your MetaTrader4 or MetaTrader5 account. For full details, please review our Referrer Remuneration & Commission here.

Independence and conflict of interest

Please note that the Referrer:

• Is not a shareholder of CMC Markets.

• Is not a director of CMC Markets (applies to individual Referrers only).

• Has no relationship or vested interest with CMC Markets or any of CMC Markets’ employees that may result in a potential conflict of interest under their referral arrangement with CMC Markets or any member of the CMC Markets group of companies.

For any concerns or inquiries, please contact us directly here.

Contracts for difference trading costs

As well as spreads and margins, there are some trading costs to consider. These depend on how long you hold positions open for, which products you trade and your approach to risk management.

In addition to the costs set out below, details of the trading costs you might pay from time to time are available on our Platforms and in our Financial Services Guide.

Please be aware that the minimum commissions shown on the MT5 platform are in the product's base currency, not the account base currency. The minimum charge values are displayed in whole currency denomination. For example, a minimum of 9 for a product with a British sterling pence base currency (in Listed as GBx in MT5) will equate to a minimum of £9.00 (GBP in MT5) per trade.

Commissions (FX Active MetaTrader4 accounts only)

MetaTrader4 FX Active accounts have access to 6 major FX pairs from 0.0 pip spreads with all other FX pairs having a 25% discount when compared to CMC Markets’ standard retail accounts.

Commission on MetaTrader4 FX Active products is charged at a fixed rate of 0.0025% per transaction upfront for opening and closing trades.

FX Active products on the MetaTrader platforms are denoted with .a products (e.g. EURUSD.a). Commissions on any other non-FX products including, but not limited to, Shares and ETFs can be found in the MetaTrader5 or the Next Generation platforms. We do not currently charge commissions on MetaTrader4 standard accounts. CMC Markets will notify you if this changes in future.

Crypto Swaps/Holding Costs (MT4 Platform only)

Due to technical limitations on the MT4 Platform, the product specification for crypto products currently incorrectly displays that a 3-day swap/holding cost is charged on Fridays. However, please be advised that we will instead charge you a daily swap/holding cost on Friday, Saturday, and Sunday. This means that for crypto positions held over weekends, you'll receive three individual daily charges rather than a single 3-day charge applied on Friday.

Close-Out Levels - MetaTrader accounts

We may close out some or all of your trades on the MetaTrader platforms if you do not maintain sufficient funds in your account to keep your account value above 50% of your margin requirement (unless we have an agreement with you to the contrary). Your account value is specified on the platform. A close out may occur automatically without notice to you. Please refer to our MetaTrader Terms of Business for more information.

Funding your trading account – deposits and withdrawals

CMC Market Services Limited is a third party paying agent established for CMC Markets to provide customers with the ability to use payment service providers to fund and withdraw money from their trading account. Both CMC Markets and CMC Markets Services Limited rely on third party service providers to assist with the processing of deposits and withdrawals to/from your account. These include Checkout.com, Skrill, Neteller, Clearbank and Barclays. For more information on how CMC Markets and CMC Markets Services Limited rely on these third party service providers and how your money is being safeguarded, see the Regulations: your money section below.

CMC Markets and CMC Markets Services Limited do not currently charge any fees to make deposits or withdrawals of funds. CMC Markets will notify you if this changes in the future.

However please be aware that your card issuer or chosen payment service provider may charge you a fee directly for depositing or withdrawing funds to/from your account.

Please refer to our Terms of Business for more information.

Regulations: your money

If your account is held with CMC Markets, the following is applicable to you.

Client money

Key points

• Client money is held in segregated client bank accounts.

• CMC Markets cannot use client monies towards margins with its hedging counterparties.

• CMC Markets is regulated by the Bermuda Monetary Authority (‘BMA’), which means we must comply with the BMA’s client monies regulation.

Are my funds segregated?

Under the BMA’s client money regulations, we're required to segregate client money. As a CMC Markets client, your money is held separately from CMC Markets own funds in a segregated bank account. The funds held in segregated bank accounts do not belong to CMC Markets and will be held in a way that enables it to be identified as client money.

Where does CMC Markets hold segregated client money?

We hold retail client funds in segregated bank accounts with UK banks which are regulated by the FCA.CMC Markets may place funds, on notice, in term deposit accounts which requires a notice period of up to 95 days for withdrawals. This does not in itself affect your ability to deal with or withdraw funds from your account with us on a day-to-day basis. However, a longer notice period for withdrawals could result in a delay for some clients to receive their money back if CMC Markets goes into liquidation.

How does CMC Markets segregate my funds?

CMC Markets performs daily client money reconciliations. This process ensures that funds held in segregated trust accounts always accurately reflects retail client assets. The full value of a client trading account is treated as client money.

CMC Markets’ client money controls and processes are audited annually as required by the BMA. CMC Markets engages Deloitte to conduct the audit.

What happens to my money if CMC Markets goes into liquidation?

In the event of CMC Markets’ liquidation, clients would have their share of segregated money returned, minus the administrator's costs in handling and distributing these funds.

What happens to my money if a bank holding client money on behalf of CMC Markets goes into liquidation?

In the event of a bank liquidation, losses would be shared by clients in proportion to the share of funds held with the bank.