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I had money $472.94 left in a/c , in the end of aug 2008 I faxed the withraw form to thier office, until today, I still haven't received their check, call the Office more than 7 time, they said the check sent out, after 2 months said will send out another check , I was waiting another month,until today Dec/10/2008 still haven't received the check, e-mail to them, no reply at all.

CMC Markets are a bunch of thieving crooks, this market is hard enough without these bandits making it harder.

I have been trading with these bandits for about 10 weeks in which time I have increased my account X 24.

My complaint about these bandits are listed below.

1) Take a trade and the spread has changed on cable upto 29 pips, befor you are able to place a stop.

2) Always steal money from you when you close a trade.

3) Steal money again, it the time it takes to open and close Market Maker, with no trades rolling.

4) Stop hunt you.

5) On a OCO trade, all other brokers made the target +5, but CMC missed by 2 pips.

6) Customer service is excellent when you sign up, but don't bother to answer your queries, when you are making money, and when they do you may aswell talk to a brick wall.

So if you want to avoid the latter, don't deal with these, HIGHWAY MEN.

Andy

Absolute scam. There system is that of a bucket shop / boiler room. I cannot say enough about how bad this company is.

They seem to be in bed with ASIC (Australian financial regulatory body) to get away with what they do. The Aussie money magazines give them glowing reviews as well. All I can assure you is that they scam on stops, not executing limit orders, re-quotes, numerous other scams and they hate profitable traders.

I know of 4 other traders personally that have used CMC and all have had the same experience as I, not one of these traders use CMC any longer.

As to the positive reviews on here, all I can say is that must be representatives of CMC Markets. Either that or they are so green on trading they have no idea and should not be commenting.

most of the negative reviews here seem to be accurate (I've had a live account with CMC Markets (was CMC Group) for 5 or 6 years). Rather than 'rant', let me give specifics:

(a) The sales pitch (I went to one of their seminars prior to opening an account) was exactly that - a SALES pitch, from somebody who clearly had never used their platform. I was given misleading advice as to their platform and services.

(b) Customer service from their DEALERS is absolutely shocking. A response to a question I once had (via platform chat facility): " u can do what u likes ". I queried an order they had failed to execute - 5 min wait, response "the dealer has left the conversation". I've experienced delays > 2 hours trying to get through to them!

(c) Trade execution: It varies, but is usually Slow and sloppy. Ever hear of the term SLIPPAGE? Market orders are commonly filled a number of pips / points - AGAINST YOU - away from THEIR OWN quoted price. Limit (entry / exit) orders may not be filled until the market has moved well past your price. I've caught them at this several times (actually FAILING to execute a closing (profitable) trade even though the price had gone well past my exit) - EVERYTHING I do I press PRINT SCREEN, then paste into a word document and keep as a record (why is this necessary?????). In fairness, every time I have complained to their customer service, they have rectified my account / honoured the trades. But I've had to 'PROVE' I've been RIPPED OFF by their dealers.

(d) GSLO (Guaranteed Stop Loss Order). They allow you to BUY (i.e. the cost is debited from your account) a guaranteed stop order on some CFD's. Why wasn't my GSLO executed? "What GSLO". (The one I PAID for. Here is the order number...) What happened? "Ah, somebody in the London office must have deleted it". Again, they honoured the GSLO price - after I complained. LUCKY I had a RECORD of having purchased the GSLO!!

If you are unfortunate enough to have made the mistake of opening an account with these sharks, WATCH them carefully, and KEEP A RECORD (yeah, screen copies etc) of what happens. If you ever have a trade open while you're NOT watching (logged off), best of luck!

I'm disappointed that they consistently display (and get away with!!) such atrocious behaviour. It is NOT typical of Australian businesses - but they're setting a bad example for any offshore customers