CMC Markets: A Closer Look at Its Licences

Choosing the right broker is a key decision for any trader. Regulation, safety, and transparency matter just as much as trading tools and fees. One broker that often comes up in the conversation is CMC Markets, which is a global name with years of experience in financial services.

According to WikiFX, which rates brokers based on their regulation, trading environment, software, and more, CMC Markets has a WikiScore of 7.99 out of 10. This suggests a fairly high level of trust and performance, but its worth looking at the full picture.

CMC Markets is licensed in several countries, which adds to its credibility. In the United Kingdom, it holds two licences from the Financial Conduct Authority (FCA). One is for CMC Markets UK plc under licence number 173730, and the other is for CMC Spreadbet plc with licence number 170627. Both are active and regulated. The FCA is widely seen as one of the most respected regulators in the financial world, and this offers a strong layer of security for traders in the UK and beyond.

In New Zealand, the broker is also regulated by the Financial Markets Authority (FMA) under licence number 41187, operating as CMC Markets NZ Limited. This licence is also active.

CMC Markets is further regulated by the Canadian Investment Regulatory Organization (CIRO) and the Monetary Authority of Singapore (MAS), through its local entities. These licences add to the brokers international profile and show its compliance with regional financial rules.

However, not all is perfect. The broker has had two licences revoked - one in Germany and one in France, both under CMC Markets UK plc. These were issued by the Federal Financial Supervisory Authority (BaFin) in Germany and the Autorité des Marchés Financiers (AMF) in France. Though the reasons for these revocations aren‘t listed, it’s a reminder for traders to always check a brokers current regulatory status.

CMC Markets also holds licences marked as “Exceeded” in Germany and Australia, which usually means the broker has gone beyond the allowed scope of activities under those licences. This can be a red flag, depending on how the company handles these cases.

CMC Markets offers a wide range of services and has a strong presence in major financial hubs. A WikiScore of 7.99 is a positive sign overall, but traders should remain cautious and make sure they know exactly what protections they have, depending on their region. Its licences from the UK, Canada, New Zealand, and Singapore are all active, showing that the company meets many regulatory standards. However, the revoked and exceeded licences in other regions highlight the importance of understanding which entity youre trading with and under which regulation.

In conclusion, CMC Markets is a well-regulated broker in many parts of the world, but like any financial firm, it comes with both strengths and risks. Always review a brokers regulatory status before opening an account, and never assume that all global licences offer the same level of protection.