I tried CMC on forex and kept getting stopped out (weird unexplainable spikes) and even when the stops were set way off they would still get stopped (I think this is called a snake in the grass trade or stop hunt) but I never knew about them before I signed up and they certainly do not mention such phenomenon in the glossy brochures or swanky seminars). I think the CMC being a synthetic market can dictate its own prices which is wrong. Sometimes when I would try and sell when I was in the money my order would just freeze and nothing would happen meanwhile the price would suddenly change to the downside and I'd be in a losing position. When I asked they would say it was because the market was so busy. Also sell orders would not be filled even though I knew the price had been met. When I would ask why they would say the order could not be filled because it was first come first served or too busy. I could make money on it but it required 100% concentration and it would be an adrenalin rush even to make a small amount. There are easier ways to make money off the markets. I am trying to be philosophical about it now but having read 'Reminiscences of a Stock Operator' I can't help feeling that CMC's are the equivalent of the 'bucket shops' from the US 1900's. I would advise everyone to read up on it before swallowing the concept of leverage and know from the outset that most people who trade forex lose (human nature is to hang on to a losing position longer than a winning position). That is how they make their money no matter what they say.

- Reviewed by groovejet, January 22, 2008. Rating = 1/10

Try scalping and if your a winner expect nothing else except broker intervention and over a minute wait for fills.. Prove me wrong !!! They are utter crap.

- Reviewed by Ant, November 1, 2007. Rating = 3/10

Poor trade execution during market volatility. Primitive reporting of positions, open or closed. Feeds are distorted sometimes to actual market.

- Reviewed by terminex, October 24, 2007. Rating = 3/10

Great service and support. No problems at all.

- Reviewed by Samso, September 6, 2007. Rating = 10/10

Incredibly slow order completion, results in the price you click at is completely different to the price it is sold at. One example I clicked for a £800 profit, by the time it went through (over 1 minute) - I was £1400 down. Spreads vary according to the weather ! You never know what spread you are going to get from one deal to the next. Huge fees and charges - Avoid like the plague!

- Reviewed by Jim, August 21, 2007. Rating = 1/10

Good and professional response from staff. Excellent CD courses supplied free. P.C. platform a little confusing/cumbersome, but runs fine on any decent P.C. The best news here are their rates - goodbye COMSEC, hello CMC! Overall, I am happy Jan.

- Reviewed by getum, June 20, 2007. Rating = 8/10

Nearly 10 months of trading with over 500 orders placed and I find CMC excellent in service and trading platform. After reading some other adverse reviews of forex brokers I'm relieved I started with CMC. The platform works fine but you need about a gig of ram with xp to be ideal. It is certainly okay with 512 ram but 1 gig is the ideal. Old computers may have lock up issues. I was running win2k with 256 ram and it worked okay 98% of the time but locked up once. Its your own fault if you trade on an old computer. CMC don't have horrible spread fluctuations which i find a must. I couldn't stand spread fluctuation after having constant spreads. Orders are executed rapidly although pending orders can take a couple of minutes to find out price of execution in really heavy trading times.

All I can say in regards to the majority of bad reviews is that these people must be losing money. It's some people's second nature to blame someone else for their own mess ups.

Overall, two thumbs up.

- Reviewed by Grant C, June 6, 2007. Rating = 9/10

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2007/08 CMC Ratings
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2006/07 CMC Reviews

Tried once, not convinced by spread and performance.

- Reviewed by Daytrader, April 17, 2007. Rating = 4/10

Good platform and good research.

- Reviewed by JimFX, April 17, 2007. Rating = 7/10

Bad service and rude response.

- Reviewed by WTC, March 18, 2007. Rating = 2/10

Lousy software that keeps freezing & crashes PC. Unfriendly & unhelpful staff. I traded thousands of trades over 7 years with these jokers, when I asked a legitimate question re price feeds, they closed my account.

- Reviewed by TT, January 16, 2007. Rating = 1/10

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2005/06 CMC Reviews

Requote and wait for over 5 minutes sometimes.

Rating = 3/10 - April 9, 2006

CMC is a good broker, but does have a dealing desk and manual execution for sizable orders. At volatile times it takes literally up to several minutes to see if and where your trade filled, so you are left hanging with your nerves frayed as you wonder if you're winning or losing. There can be slippage.

Rating = 6/10 - November 10, 2005

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