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Set up a CMC Markets Pro account to enjoy additional trading benefits
Opening a CMC Pro account gives you access to a number of exclusive benefits, at no additional cost.
CMC Pro is an account for CFD traders who are looking for a provider that recognises their commitment to trading.
*While a greater amount of leverage will be available to Pro account holders, it is important to note the risks associated with this.
Losses can exceed deposits. You could lose more than your deposit.
We recommend you always keep your account well funded.
CMC Markets Pro account holders are classified as wholesale clients. Wholesale client funds will still be protected in a segregated bank account.
To be eligible for a CMC Pro account, you need to meet the "wholesale client" eligibility criteria under the Corporations Act.
If you answer yes to one of these two questions, you could be eligible for a CMC Pro account.
Remember to include the following when calculating your net assets:
- Shares, savings and any other investments
- Your home, investment properties and land
- Value of your business
- Superannuation and trusts
- Other assets such as cars, boats and caravans
Apply for a CFD account with us
Confirm your eligibilityand complete your CMC Pro application
Once approved, start trading to enjoy the advantages of a CMC Pro account
How much margin will you be required to pay under ther proposed new changes?
If you placed a trade on AUD/USD with a $100,000 notional value
The retail margin required would be $5,000 under proposed leverage restrictions
CMC Pro margin would be $200
|Min Pro margin||Leverage equivalent||Proposed ASIC|
|Commodities (ex Gold)||0.75%||133.33:1||10%||10:1|
With 30 years’ experience, we already provide an award-winning trading platform and customer service** to over 80,000 clients globally through a CMC Markets standard, retail account † . Our CMC Pro account offering builds on this heritage to give our clients a truly premium trading experience. With higher leverage, personal service and additional perks alongside the same levels of client money protection, the CMC Pro account is designed for serious traders.
ASIC recently released a consultation paper on proposed changes to current regulations surrounding CFDs and Binary options products. The paper proposed changes to leverage ratio limits, margin close-out percentages and promotional offers amongst other implications for retail clients. Read more here.
Any questions about being a CMC Pro client?
Call us on: 1300 726 093
With all CMC Markets accounts you get the same access to our award-winning trading platform, wide range of instruments and advanced trading tools. The CMC Pro account will give you exclusive access to monthly cash rebates and priority perks, plus a dedicated account manager.
There is no change to the tax status of the products we provide to our clients with a CMC Pro.
If you’re not eligible for CMC Pro, you can still trade thousands of financial markets on our award-winning platform, using a standard CMC Markets account.
Only clients that are new to CMC Markets will need to first open a standard CFD trading account before applying for a CMC Pro account. If you already have a CFD account with us, you can apply for a CMC Pro account now, if you think you may be eligible.
As a CMC Pro client, you are not entitled to certain protections afforded to retail clients under the Corporations Act 2001 (cth) Chapter 7. This means CMC Markets is no longer required by law to provide you with the same rights and treatment as a retail client.
- We are not required to provide you with a PDS, FSG or any other document CMC is ordinarily required to give a retail client;
- Derivatives retail client protections under s981D(2) of the Corporations Act are not available;
- We are not required to provide you with access to our internal dispute resolution scheme. You may also be excluded from access to the external dispute resolution scheme through the Australian Financial Complaints Authority (AFCA), at AFCA’s discretion.
Despite this, CMC Markets will continue to provide all relevant disclosure documents as required to be provided under the Corporations Act. CMC Markets will also hold wholesale client funds in trust or segregated bank accounts which meets and exceeds the requirements of the Australian Client Money Rules and ASIC Regulatory Guide 212.
We’ll contact you by email to notify you when your application to become a CMC Pro client has been approved and you have switched over to a CMC Pro account. Your login details, account number and platform settings will remain the same. Remember, while you are waiting for your CMC Pro account, you can still trade on your standard account.
*Awarded Highest Overall Client Satisfaction, ranked highest, Platform Features, Customer Service, Education materials/programs; Value for Money, based on highest user satisfaction among CFD and FX traders, Investment Trends 2018 Australian Leverage Trading Report
*Wholesale client defined under Section 761G of the Corporations Act.
†Based on figures from CMC Markets' 2018-19 report combined with over 27,000 stockbroking clients.