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WELCOME TO CMC PRO
Set up a CMC Markets Pro account to enjoy additional trading benefits
WHY CMC PRO?
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.
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Potential
Higher trading leverage
Pro account holders will have access to higher leverage than retail clients. This gives you greater exposure for a smaller initial outlay, so your funds go further. Remember, leverage has risks too.*
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Perks
Earn rebates & rewards
Tighter control with sophisticated order types, direct market access, cash rebates for trading in high volumes and invitations to premium events.
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Priority
Access new products first
Get exclusive early access to new CMC Markets products and initiatives, before they’re released to the rest of our clients.
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Protection
Your funds are segregated
We’ll still hold an amount equal to your account value in a segregated client money trust account.
*While a greater amount of leverage will be available to Pro account holders, it is important to note the risks associated with this.
CMC Markets Pro account holders are classified as wholesale clients. Wholesale client funds will still be protected in a segregated bank account.
Monthly CMC PRO rebate structures
If you trade in high volumes as a CMC PRO client, you can qualify for competitive monthly cash rebates^. Once you meet the minimum monthly trade volume requirements for one asset class , you will automatically qualify for rebates from your first trade placed on other asset classes. Monthly Trading Rebate Terms and Conditions
AM I ELIGIBLE FOR A CMC PRO 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.
Eligibility criteria
|
Wealth Test |
Sophisticated Test |
|---|---|
|
Criteria 1 You have net assets of at least $2.5 million AUD. |
Criteria 1 Demonstrate your knowledge by completing a short online test. |
| OR | AND |
|
Criteria 2 Your gross income for each of the last two financial years is at least $250,000 AUD per annum. |
Criteria 2 Demonstrate your trading experience: • At least 50 trades per quarter (for any 4 quarters in the last 5 years). • At least $500,000 notional value in each of the 4 quarters. • You can demonstrate this experience from your CMC Markets account or another provider (or a combination of both). |
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 NOW
1
Open an account with CMC Markets
Apply for a CFD account with us
3
Complete your application
Confirm your eligibilityand complete your CMC Pro application
4
Welcome to CMC Pro
Once approved, start trading to enjoy the advantages of a CMC Pro account
What should you be aware of?
Benefits
- You will maintain higher trading leverage and reduced margins.
- Pro clients will also have funds protected in a segregated client money trust account.
- You will receive early access to select product releases.
- You have the right to request different categorisation – for example if you’d like to change your account type to retail.
Waived Protections
- While a greater amount of leverage will be available to Pro account holders, there will also be a greater amount of risk.
- You will not have negative balance protection, meaning you could lose more than your deposits.
- We are not required to provide you with updates to our PDS, FSG or any other document CMC Markets is ordinarily required to provide a retail client.
- 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.
CMC Pro margins
Retail margins
| Min Pro margin | Leverage equivalent | Retail margin | Leverage equivalent | |
|---|---|---|---|---|
| Major FX pairs | 0.20% | 500:1 | 3.33% | 30:1 |
| Gold | 0.50% | 200:1 | 5% | 20:1 |
| Major Indices | 0.20% | 500:1 | 5% | 20:1 |
| Commodities (ex Gold) | 0.75% | 133.33:1 | 10% | 10:1 |
| Shares | 5% | 20:1 | 20% | 5:1 |
| Cryptocurrencies | 20% | 5:1 | 50% | 2:1 |
BROUGHT TO YOU BY CMC MARKETS
More than 1 million traders are already accessing the global markets on our award-winning stockbroking and CFD platforms.
Our CMC Pro account offering builds on this heritage to give our clients a truly premium trading experience. With higher leverage, Premium service and additional perks alongside the same levels of client money protection.
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. Learn more.
TALK TO US
Any questions about being a CMC Pro client?
Call us on: 1300 303 888
Email: support@cmcmarkets.com.au
FREQUENTLY ASKED QUESTIONS
1. What is the key difference between a standard CFD account and CMC Pro account?
A CMC Pro account gives you access to monthly cash rebates and priority perks such as early access to new products and exclusive invites to premium events. To become a CMC Pro client, you have to meet the eligibility criteria under the Corporations Act.
There is no change to the tax status of the products we provide to our clients with a CMC Pro.
2. What if I am not eligible for a CMC Pro account?
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.
Learn more
3. Why do I need to open an account before I can upgrade to CMC Pro?
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.
4. Do CMC Pro clients get the same protections as retail clients?
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.
This includes:
- 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 a segregated client money trust account which meets and exceeds the requirements of the Australian Client Money Rules and ASIC Regulatory Guide 212.
5. How will I know when I’ve been switched from a standard account to CMC Pro?
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.
6. What is your Countdowns product?
Our Countdowns product is a type of binary option, available for professional clients only. Countdowns offers a fast-paced way to place fixed-odds trades, with low minimum stake sizes and competitive payouts. Countdowns are 50/50 trades based on whether an instrument's price will settle above or below its current level at the end of a range of short timeframes, from 30 seconds to one hour. There are only three possible outcomes (win, lose and occasionally, draw) and the amount you can win or lose is predetermined. You can trade Countdowns on popular forex pairs, indices and commodities.
More questions about
trading with CMC?
Not eligible for CMC Pro?
You can still trade thousands of financial markets on our award-winning platform, with access to advanced charting, our suite of trading tools, trader education and breaking
market news and analysis.
^These terms and conditions are effective from 29 March 2021 and are to be read in conjunction with CMC Markets’ Information Memorandum – Next Generation (“IM”) and related legal documents which apply to CMC Pro clients. Unless defined in these terms and conditions, capitalised terms have the meaning set out in the IM.
**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. Awarded Canstar Broker of the Year and Outstanding Value of the Year - 10 Years in a row (2011-2020).
*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.
^These terms and conditions are effective from 29 March 2021 and are to be read in conjunction with CMC Markets’ Information Memorandum – Next Generation (“IM”) and related legal documents which apply to CMC Pro clients. Unless defined in these terms and conditions, capitalised terms have the meaning set out in the IM.
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