CMC Markets Questions & Answers
VerifiedWhat is the name of a reversal pattern
Why am I blocked, Kerry Bayliss
I am not sure what you mean, I am not an employee of CMC, nor of this website, I do not have the ability to block anyone. I am not sure who has blocked you, who you are, or why you are writing to me ? I suggest you address whoever has blocked you. Best wishes with it.
I'm a newbie to shares market and has googled to find the share trading site that is suitable for me. Unbelievable to me that I chose CMC and registered 2 weeks ago. I've found this review, and seems CMC is a bad choice. As I'm not in the CFD, I could not say the same thing. I'm just buying shares for long term and bought a couple shares. I do find the 24hrs wait for transferring fund from CBA to ANZ is annoying. Bank is making money when holding up fund, even 24 hours is enough to give them profit. I doubt the issue is at CBA. Will ANZ dare to say their technology is better than CBA? I transferred fund from Westpac to CBA with no issue, instantly. OI might try to transfer some fund back to my CBA account to test how easy or not transferring fund back and forward. This ANZ account is automatically created for me when I registered at CMC website. Therefore, I have not proven that the account is behaving like normal bank account. Once I finish all my fund to buy shares, should I just get out from CMC and register to other trading site like Commsec when it is time to sell?
You should. Any normal broker doesn't expect payment for the share until two days after the trade, eg, trade on Monday, payment expected on Wednesday. It's industry standard and called T+2. Your new broker will handle the share stransfer so you won't have to deal with CMC at all.
Could you please advise the broker that will transact a buy for you without funds to cover the trade.
I lost my investment capital and profits trading online, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined, I found it very hard to move on. God so kind I followed a broadcast that teaches on how scammed victims can recover their fund through the help of philiprecovery @ writeme dot com , I contacted his email provided for consultation, I got feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back and put scammers to shame
what are the fees to hold a broking account?
I wouldn’t even set up an account with them. They make up there own prices when it suits them . They will force you to loose money . Customer service is disgusting to say the least . I wish I never heard of them .
The fees are so hurtful you will be paying more in fees then any profits you'll make. $15 per transaction sell or buy anything vs 0 fee on etorro,stake,tastytrade $6 to transfer money in and out Daily commission of $20-40 and then weekend commission of upwards $40 Holding cost upwards of 15 dollars per day
I was with cmc markets at first I was doing well made 5k and then it seams like they were trading against me. I lost 30 trades in a row. Whenever I put a stop loss it goes to stop loss then goes back the other way again. Everytine I make a trade the graph starts moving faster. Then when get stopped out it returns back to moving like a snail again I dont understand this I am not the only person trading in the world. It makes no sense. I strongly believe these people are ripping off their own customers. It is not possible to lose that many trades in a row when the market should be 50/50 either up or down.
Hi guys, just wonder if anyone could tell me that if we are trading against CMC markets, or trading against the real markets via CMC? thanks.
Not sure what you mean. You are trading in the real stock exchange(s).
CfD's you are trading against CMC. Equities, you are holding the stock for real.
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