CMC Markets uses its own proprietary platform which offers a host of different and useful features.
The award winning trading platform, Next Generation, is the culmination of over two decades worth of industry experience, innovation and technological investment and is their most advanced platform yet, with fast execution and expert features and charts. This platform won several awards in 2016 for its charting and its features in addition to overall user satisfaction.
Next Generation has a charting package with over 80 technical indicators, chart types and drawing tools for the user’s benefit allowing for a very detailed technical analysis.
Another interesting feature which this platform provides is a client sentiment tool. With this tool you can gauge the climate and feelings of other traders to help predict which direction the market will turn. The tool allows for checking the sentiment of all traders or of the top traders. The more volatile the market the more useful this tool can be.
The Next Generation platform also gives users access to multiple news sources and analysis. They have an active twitter account and YouTube channel giving users a very wide picture of the markets at any given moment.
There is an extensive Users Guide available for download so that users can understand the platform and all that it offers. Mobile trading apps are also available for download from the brokerage’s website for IPhone, IPad and Android.
CMC Markets Platform Charts
The team at CMC Markets is constantly updating their platform to meet the ongoing needs of its clients.
Their latest update was completed in March 2015 and offers several additions and improvements to their already existing features.
They’ve enhanced their risk management offering by adding a new type of stop loss to the platform-- Guaranteed Stop Loss Orders (GSLOs). GSLOs work exactly the same as regular Stop Loss Orders except that for a premium they guarantee to close you out of a trade at the price specified, regardless of market volatility or gapping.
GSLOs can be placed during regular trading hours but are only available on the latest version of their mobile trading app.
Another new feature offers quicker platform navigation with Module Linking. This allows traders to group different modules together so that if a change to the product is shown in one module, all of the other modules in that group will automatically update to show the new product.
CMC Markets Chart Forum
An additional built-in search function to the headers of most modules, as well as to the main navigation toolbar helps traders find and view products more easily straight from a module’s header.
The CMC Markets platform can be used on most mobile devices which traders can use to modify live trades and open and close positions using the same order ticket and functionality as our online web platform.
With the iPhone and Android apps, traders can view the last 500 historical transactions on their phone and have easy access to product information including commission costs, headline spreads, holding rates, margin rates and trading hours.
CMC Markets Mobile Apps
In addition, the iPhone app allows live streaming prices calculating real-time account information and live Reuter’s news and CMC Markets analysts’ insights.
The IPad app provides the same features as the IPhone app but adds on access to mobile charting, including line, candlestick, bar, heikin-ashi and spread charts, the ability to add over 20 of the most popular technical indicators and 10 drawing tools and additional support tools.
Review info: CMC Markets
Review Date: 2017-03-30
Rating : 2.5
Reviewed By : Sara Patterson (Google+)