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Is CMC Markets and FP Markets suitable for beginners?

ElijahM
Mar 16 at 09:20
posts 30
I currently trade with a demo account and will be live trading soon. When looking for a good broker, I came across CMC Markets and FP Markets.

The reviews and ratings are highly positive, and I would like to know if it is suitable for beginner traders.
Simonnon
Mar 17 at 12:15
posts 14
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.
FredJones
Mar 18 at 06:50
posts 38
In my opinion, CMC Markets and FP Markets are good brokers, suitable even for beginner traders. They have good trading conditions and are regulated by ASIC and CYSEC.

FP Markets is also one of the oldest brokers active since 2005, with over 15 years of forex business experience.
Fx_challenger
Mar 18 at 12:09
posts 62
I do not understand this sentence ' best broker for a newbie '
Novice or experienced. A good broker is suitable for everyone
croisssan
Mar 19 at 11:55
posts 939
Is there a big difference in a broker for beginners and experienced users?
skihav
Mar 20 at 11:56
posts 801
When I started working, I used the demo account. I found this option more accessible and interesting.
AurelieFrancis
Mar 24 at 07:23
posts 55
I have traded with CMC Markets. It is a good broker with reliable trading conditions, but when compared to FP Markets, spreads are stable even during highly volatile market situations.
Parker09
Mar 25 at 09:17
posts 57
In my experience with several brokers I will say FP Markets is a suitable broker for scalping with some of the lowest spreads and commission cost is at $6 per round per lot.

Fichiers joints:

forextrader777
Mar 29 at 10:12
posts 133
ElijahM posted:
I currently trade with a demo account and will be live trading soon. When looking for a good broker, I came across CMC Markets and FP Markets.

The reviews and ratings are highly positive, and I would like to know if it is suitable for beginner traders.
CMC is better from the options you have selected for yourself. If you are open for suggestions, you can also checkout fxview because of their low cost trading conditions. Commissions are just $2 RT and spreads range between 0.1-0.3 pips. So I would suggest checking them too.
Alberncon
Apr 01 at 09:59
posts 48
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.
HeavenLeighGill (HeavLeighGill26)
Apr 04 at 16:44
posts 328
Both seem to be solid brokers judging by online reviews. I haven't used them personally, but would consider it.
Treeny
Apr 05 at 10:53
posts 213
croisssan posted:
Is there a big difference in a broker for beginners and experienced users?
No
Ida520
Apr 06 at 03:25
posts 10
I haven't used either of these brokers, but I think a good broker is for everyone
Seb King (sebking1986)
May 04 at 10:35
posts 510
Depends on the conditions that you think are important to you.
If you can't spot the liquidity then you are the liquidity.
HeavenLeighGill (HeavLeighGill26)
May 04 at 14:39
posts 328
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!
Justin990
May 10 at 08:26
posts 31
I am not sure about CMC because I have not traded with them. I'm currently a trader with FP Markets and from my experience I can say it is suitable for beginner traders because they have an opening balance of $100 AUD with a commission cost of $6 per turn lot.

Their customer service is also quick in answering most of the clients' questions, even when you reach them through live chat or email.
Carlos122
May 12 at 08:06
posts 35
I am not familiar with CMC, but I can say that FP Markets is a good choice even for beginner traders, as their opening balance is $100 AUD with free demo accounts, and they also provide educational materials such as e-books and video tutorials for traders who are new to forex.
KQad
Jun 02 at 09:18
posts 19
I'm not aware of CMC Markets but I can say FP Markets is suitable for beginners as well because I've been trading with it from day one and it has been over a year.

The trading conditions are robust, the customer service is polite and quick in answering queries, the minimum opening balance is $100 AUD with 10,000+ different instruments to trade global stocks and commodities.
Jordan5ith
Jun 13 at 08:41
posts 52
CMC and FP Markets are ASIC regulated with good trading conditions, they are suitable for beginners with lower costs. FP markets also has several educational materials for new traders venturing into forex for the first time.

I've been trading with FP Markets for close to two years, mainly for its good customer service, which is fast in answering queries and because it is one of the oldest brokers active since 2005.
Martinki
Sep 12 at 09:13
posts 26
Yes, I have traded previously with ICM and now I use FP markets. Both brokers provide demo accounts and their trading conditions are reliable.

I mainly use FP markets because their customer service is prompt in answering client queries, even through emails and live chat.
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