General Investment Account

Anyone can open an account as long as they're over 18, are a UK or EEA resident and have a UK bank account.

We don’t offer general investment accounts in joint names at the moment, but please do let us know if you would be interested in this option in the future.

There’s no minimum balance you must have in your account, but you will need to add cash to your account to start investing, and the minimum amount you can deposit at any one time is £1.

You can fund your account using a credit or debit card or by transferring funds from your bank account. We do not accept cheque or cash deposits. Please ensure that any payment you make to fund your account is from a card or account in your name. Any payment from third-party sources will be returned.

Just navigate to your profile in the app by tapping on the icon in the top-left of the home screen. Then select ‘Your plan’, swipe right to the plan you want to switch to, tap on the switch button and follow the instructions. You’ll see the details relating to your new plan, including information about any fees. Once you’ve confirmed you’d like to go ahead, we’ll send you a confirmation in the message centre. It’s as simple as that.

Yes, you can. There are just a few things you’ll need to do before this can be completed, but we’ll help you along the way. It's important to know that switching your plan will mean you’ll no longer have access to the benefits available with the plan you’re switching from.

To switch your plan, go to ‘Your profile’ in the app and tap ’Your plan’ – you’ll see your current plan. Swipe to the plan you’d like to switch to, then tap the switch button at the bottom of the screen.

You’ll then see a list of actions you’ll need to complete before you can request your switch. When you complete an action, a green tick will appear next to it on the list.

If you’re switching from Plus to Core, you must:

• Sell any Plus assets

• Cancel any pending orders for Plus assets

• Close or transfer out of your Stocks & Shares ISA and send us a secure message in the app asking us to close your ISA

• Withdraw any cash from your currency wallets

If you’re switching from Premium to Plus, you must:

• Transfer out your SIPP to another provider and send us a secure message in the app asking us to close your SIPP account.

If you are switching from Premium to Core, you must:

• Sell any Plus assets

• Cancel any pending orders for Plus assets

• Withdraw any cash from your currency wallets

• Close or transfer out of your Stocks & Shares ISA and send us a secure message in the app asking us to close your Stocks & Shares ISA

Yes, CMC Markets Investments Limited (registration number 948126) is fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts, and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

Under the FCA's client money rules, we're required to segregate client money from our own funds (unless you agree with us otherwise). The money held in segregated bank accounts does not belong to us and will be held in a way that enables it to be identified as client money. Learn more about client money regulations.

In the UK, if you have a Stocks & Shares ISA or Self-invested Personal Pension (SIPP), you don’t need to pay capital gains tax on any profits you make from selling investments, or dividend tax on income you receive from companies.

Any profits and dividend income you make through a General Investment Account is taxable. This will be shown in your ‘consolidated tax certificate’, which you'll receive from us following the end of each tax year.

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Visit our contact us page for details on how you can get in touch with us.