CMC Markets
Pros
- No minimum deposit required to open an account
- No CMC deposit or withdrawal fees currently charged
- FX Active spreads from 0.0 pips on six major FX pairs
- 25% spread discount on 300+ other forex pairs with FX Active
- $2.50 commission per $100,000 currency trade on FX Active
- 0% commission on UK and European share CFDs
- GSLO premium refunded 100% when the order is not triggered
- MetaTrader accounts allow hedging positions by default
Cons
- £10 monthly inactivity fee after one year without trading
- Market data subscriptions may apply for some share CFDs
- Guaranteed stop-loss orders require a premium
- MT4 CFD accounts cannot access Next Generation or TradingView
- MT4 offers only currencies, indices, commodities and cryptocurrencies
- MT4 and MT5 demo accounts expire after 30 days of inactivity
- MetaTrader close-out can occur below 50% of margin requirement
- Term deposits for client money may require up to 95 days' notice