Forex Brokers

CMC Markets Canada

3.7 (6 reviews)
🇨🇦 Canada, Toronto
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3.7
6 reviews
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About CMC Markets Canada

CFD and forex trading

Customer Reviews

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Mixed feelings after six months

D
Donald J.
3 weeks ago

Started with CMC Markets Canada optimistically but my experience has been mixed. The platform itself is good and execution is fast. However, I noticed spreads widen significantly during news events and the swap rates are higher than competitors. Good for day trading, less so for holding positions overnight.

Pros: Good platform, fast execution for day trading

Cons: Wide spreads during news, high swap rates

Exceptional CFD and forex offering

G
Gary T.
5 months ago

CMC Markets Canada has been my go-to broker for three years. Their range of tradeable instruments is massive - thousands of markets across forex, indices, commodities, and shares. The risk management tools including guaranteed stop-losses have saved me multiple times. Worth every penny.

Pros: Huge market range, excellent risk tools, guaranteed stops

Cons: Premium for guaranteed stop-losses

Best forex broker I have used

R
Randy Y.
7 months ago

CMC Markets Canada offers some of the tightest spreads in the industry, especially on major pairs. Execution is lightning fast with minimal slippage. The MetaTrader integration works flawlessly and their proprietary platform has excellent charting. Demo account is unlimited which helped me practice strategies risk-free.

Pros: Tight spreads, fast execution, great platforms

Cons: Limited educational content for beginners

Reliable broker with good regulation

V
Victoria L.
8 months ago

Been trading with CMC Markets Canada for 18 months. What I value most is the regulation - knowing my funds are segregated and protected gives me confidence. Spreads are competitive on majors, slightly wider on exotics. The platform rarely goes down and trade execution is good. Solid choice.

Pros: Strong regulation, fund segregation, reliable platform

Cons: Exotic pair spreads could be tighter

Decent broker with average spreads

B
Brian Y.
9 months ago

CMC Markets Canada does the job for casual forex trading. Platform works, spreads are okay but not the best I've seen. Customer support is hit or miss - some agents are very helpful, others seem to read from a script. Deposits are instant but withdrawals take 3-5 business days.

Pros: Functional platform, instant deposits

Cons: Average spreads, inconsistent support, slow withdrawals

Hidden costs and aggressive marketing

C
Charlotte B.
12 months ago

Initially attracted to CMC Markets Canada by their advertising. The headline spreads look great but in practice there are additional costs that aren't immediately obvious. I also get bombarded with promotional emails and phone calls encouraging me to deposit more. The trading itself is fine but the marketing tactics are off-putting.

Pros: Trading platform works adequately

Cons: Hidden costs, aggressive marketing practices