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They provide an award winning next generation trading platform and as a broker operating in the UK, are fully regulated by the Financial Conduct Authority FCA. Payouts will vary based on the price taken at the point of the trade.
We look here at both products. Available from the products menu down the left hand side, Countdowns will be more familiar to binary traders who have used brokers elsewhere. The window will open a grid of assets, and each can be selected to trade.
Once chosen the price graph will be displayed. CMC provide a huge range of technical analysis tools above the price graph, these can all be tailored to suit, as can the layout of the graph itself.
To the right are the trading buttons. Once placed, the trade appears in the open positions list, along with a countdown to expiry — and the current status and potential payout. Again, Binaries can be found on the left in the products menu. The layout is similar to Countdowns and throughout the site , so the first screen is a grid of available assets. Again, the price graph is then displayed — along with all the additional tools.
What differs significantly is the trading area. Prices can be traded right up until expiry, so traders can take profits if an asset moves in the right direction — and cut losses when they do not.
To place a trade, the user needs to click the buy or sell price at the required price level. As a new offering, it would have been easy for CMC to scale back their initial launch, but instead they offer a full range of assets, across four different types of options;. CMC pride themselves on providing state of the art trading tools and that extends to the mobile offering.
The mobile app is supported across the full range of mobile platforms, including android and iOS. The application is a full version of the website, offering access to over assets. The app allows traders to update and monitor positions, stream live prices, apply stop loss or other risk management, view detailed charts, edit account preferences, deposit or withdraw funds and even get in touch with the support team during trading hours.
It does it all. The mobile app is industry leading, and does leave many rivals behind. If mobile trading and staying up to date with trading news whilst on the move is key to traders, then CMC have them covered. The binaries however, payout depending on the level that the trader was able to open the trade at.
Payments made from third party cards will be returned. Bank transfers are also accepted, these must be in the same name as the individual on the trading account. Deposits can also be made via the same options over the mobile apps. Deposits over the telephone are only accepted where a margin call has been made.
Withdrawals are a strength at CMC. Likewise, if setting up bank details to make a withdrawal, CMC will need proof of ownership.