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Is CMC Markets and FP Markets suitable for beginners?
Mar 17, 2022 at 12:15
Member Since Sep 02, 2020
14 posts
In my opinion, the most part of the brokers would suit beginning traders, especially when it comes to demo account. Demo account conditions are of course exclusive, however they work on the same principle and everything you need are money, indicators and analytical things such as economic calendar for example.
The rest doesn't really matter.
To my mind, these days there are plenty of reliable brokers on the market and if you a newcomer, then choose thsoe ones where reviews are mostly positive and check everything on your own.
Before you give your funds to this broker check the work of customer support, ask various questions, check regulations and check processes of depositing and withdrawing money. Thus you will be able to make conclusions.
The rest doesn't really matter.
To my mind, these days there are plenty of reliable brokers on the market and if you a newcomer, then choose thsoe ones where reviews are mostly positive and check everything on your own.
Before you give your funds to this broker check the work of customer support, ask various questions, check regulations and check processes of depositing and withdrawing money. Thus you will be able to make conclusions.
Member Since Aug 04, 2014
52 posts
Apr 01, 2022 at 09:59
Member Since Jan 14, 2021
47 posts
I have not traded with CMC Markets but am currently trading with FP Markets and from my trading experience with them for close to a year, I can say it is suitable for beginner traders.
FP Markets is regulated by ASIC with a minimum opening balance of $100 AUD and it is one of the oldest brokers active for over 15 years.
FP Markets is regulated by ASIC with a minimum opening balance of $100 AUD and it is one of the oldest brokers active for over 15 years.
Member Since Aug 05, 2021
394 posts
Member Since Apr 09, 2019
516 posts
Member Since Aug 05, 2021
394 posts
May 04, 2022 at 14:39
Member Since Aug 05, 2021
394 posts
Did you open an account with either? I was just thinking, while both of those are good I think CedarFX may be better in some categories. I know CMC has customer support online during weekdays, but theirs is 24/7, for example. I also think the fees are slightly lower because they don't charge commission. Just throwing that out there just in case it helps!
Member Since Sep 06, 2022
26 posts

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