CMC Invest Review

App-based long-term investors using ISAs and SIPPs

FCA

Why investors choose this broker

£0 commission on all in-app trades
Core plan has no monthly price plan fee
FX fee falls to 0.39% on Premium
USD and EUR wallets reduce repeat FX conversions

Review summary

CMC Invest is an app-based investing platform with £0 commission, GIA, flexible ISAs, SIPP, stocks, ETFs and mutual funds. FX and plan fees vary by tier.

Pros

£0 commission on all in-app trades
Core plan has no monthly price plan fee
FX fee falls to 0.39% on Premium
USD and EUR wallets reduce repeat FX conversions
Uninvested cash earns up to 3.30% AER on Premium
Transfers can start in-app in as little as 30 seconds
Flexible ISAs allow same-year withdrawals and redeposits

Cons

Plus costs up to £6.99/month
Premium costs up to £10.99/month
Core FX fee is 0.99%
Failed payments or late settlement cost £25 plus interest
Paper documents cost £3 + VAT per document
UK share buys carry 0.50% stamp duty
UK share trades over £10,000 may add a £1 PTM levy
Mutual funds are only on Plus and Premium

Company background

CMC Invest is an app-based savings and investing platform. It is a trading name of CMC Markets Investments Ltd and offers a General Investment Account, Flexible Stocks & Shares ISA, Self-invested Personal Pension, Flexible Cash ISA and Junior Cash ISA. The investing range includes UK shares, US shares, ETFs, investment trusts and mutual funds. The SIPP is offered in partnership with Quai Investment Services Ltd.

Fees and pricing

Pricing is built around three plans. Core costs £0/month, Plus costs up to £6.99/month and Premium costs up to £10.99/month. All plans show £0 commission for in-app trades. FX fees are 0.99% on Core, 0.50% on Plus and 0.39% on Premium. The platform also lists £25 for failed payments or late settlement, £3 + VAT per posted paper document, 0.50% UK stamp duty on UK listed share purchases, and a £1 PTM levy for UK share trades over £10,000.

Regulation and safety

CMC Invest is authorised and regulated by the Financial Conduct Authority under registration number 948126. CMC Invest has regulatory permissions to hold and control client money. FSCS protection may be up to £85,000 per eligible person, per firm, subject to eligibility conditions.

Platform experience

The service is centred on the CMC Invest app, with download options through the App Store and Google Play. Users can open accounts in the app, fund accounts, manage activity, switch price plans, set limit orders and start transfers. Transfers of pensions, ISAs and GIAs can be started through an in-app process in as little as 30 seconds.

Pros and cons

CMC Invest is strongest for users who want app-based long-term investing with flat plan pricing, £0 commission and account types such as ISA, GIA and SIPP. Higher plan tiers add lower FX fees, mutual funds, USD and EUR wallets, and higher interest on uninvested cash. The main limitations are the monthly cost of Plus and Premium, the higher Core FX fee, government charges on UK share trades, and restrictions such as mutual funds being available only on Plus and Premium.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

CMC Invest has three plans: Core £0/month, Plus up to £6.99/month and Premium up to £10.99/month. In-app trades are £0 commission, while FX fees are 0.99%, 0.50% or 0.39% depending on plan. Other explicit charges include £25 for failed payments or late settlement, £3 + VAT for paper documents, 0.50% UK stamp duty and a £1 PTM levy for qualifying UK share trades.

Fees

Item	Fee
Funds	£0 commission for individual deals in mutual funds
Account	Core: £0/month; Plus: up to £6.99/month; Premium: up to £10.99/month
Min Deposit	£1
Uk Ptm Levy	£1 for UK share trades over £10,000
Fx Conversion	0.99% (Core), 0.50% (Plus), 0.39% (Premium)
Uk Stamp Duty	0.50%
Paper Documents	£3 + VAT per document
Failed Payment Or Late Settlement	£25 plus 8% above Bank of England base rate charged on debt

Trading platform & features

Platforms

iOS app
Android app

Regulation and investor protection

CMC Invest is a trading name of CMC Markets Investments Ltd, which is authorised and regulated by the FCA under registration number 948126. CMC Invest has regulatory permissions to hold and control client money, and FSCS protection may be up to £85,000 per eligible person, per firm.

Broker FAQs

Is CMC Invest safe?

CMC Invest is authorised and regulated by the FCA under registration number 948126. It has regulatory permissions to hold and control client money, and FSCS protection may be up to £85,000 per eligible person, per firm.

Is CMC Invest a scam?

No. CMC Invest is a trading name of CMC Markets Investments Ltd, which is authorised and regulated by the Financial Conduct Authority.

Is CMC Invest regulated and by whom?

CMC Invest is authorised and regulated by the Financial Conduct Authority. Its FCA registration number is 948126.

What happens to my money if CMC Invest goes bankrupt?

FSCS protection may be up to £85,000 per eligible person, per firm, subject to eligibility conditions. The FSCS is an independent body that offers protection to customers of financial services firms that have failed.

Are there hidden fees at CMC Invest?

CMC Invest lists no joining fees, no exit fees and no hidden fees for the General Investment Account. FX fees, UK government charges and other listed charges may still apply.

What does CMC Invest charge for stock trades?

CMC Invest charges £0 commission on all in-app trades. FX fees and UK government charges may apply.

What is CMC Invest's currency conversion fee?

The FX fee is 0.99% on Core, 0.50% on Plus and 0.39% on Premium during market hours.

What government charges apply at CMC Invest?

UK stamp duty is 0.50% on UK listed share purchases. A £1 PTM levy applies when buying or selling UK shares with a trade value over £10,000.

What products does CMC Invest offer?

CMC Invest offers a General Investment Account, Flexible Stocks & Shares ISA, Self-invested Personal Pension, Flexible Cash ISA and Junior Cash ISA. Its investment range includes UK shares, US shares, ETFs, investment trusts and mutual funds.

Does CMC Invest offer ETFs?

Yes. CMC Invest offers access to 400+ ETFs and investment trusts.

Does CMC Invest offer mutual funds?

Yes. Mutual funds are available on the Plus and Premium plans.

Does CMC Invest offer a SIPP?

Yes. CMC Invest offers a Self-invested Personal Pension on the Premium plan, in partnership with Quai Investment Services Ltd.

What is the minimum deposit at CMC Invest?

The minimum amount that can be deposited is £1 for the General Investment Account, Cash ISA, Junior Cash ISA and Stocks & Shares ISA.

How do I open an account at CMC Invest?

Download the CMC Invest app and follow the in-app instructions to create an account. The download page describes account creation as taking minutes.

Does CMC Invest have a mobile app?

Yes. CMC Invest is centred on its mobile app, with download options through the App Store and Google Play.

Can I transfer an ISA to CMC Invest?

Yes. Existing Stocks & Shares ISAs, Cash ISAs and Innovative Finance ISAs can be transferred through the in-app transfer form.

Is CMC Invest good for beginners?

CMC Invest positions its Core plan for savers and new investors. Core has a £0/month price plan fee, £0 commission and access to the General Investment Account and cash ISA products.

Is CMC Invest good for long-term investing?

CMC Invest is built around long-term investing and savings accounts such as a GIA, Stocks & Shares ISA and SIPP. It offers shares, ETFs, investment trusts and mutual funds rather than presenting itself as a leveraged trading platform.

Bottom line

CMC Invest suits app-based investors who want flat plan pricing, £0 commission and account types such as ISA, GIA and SIPP. It may be less suitable for users who want the lowest FX fee without paying for a higher plan or who need mutual funds on the free tier.

CMC Invest

App-based long-term investors using ISAs and SIPPs

Open Account

Your capital is at risk. Other fees apply.