Funding

You can fund your CMC Markets account by:

• Card – via your trading account, either on the web-based platform or in the app

• Online banking – connect directly to your online bank for fast, secure payments from your trading account, through the web-based platform or app

• Bank transfer – via your online bank

These options are also listed on our web-based platform and in our app – go to the 'Account' tab and select ‘Funding’. Please ensure that you fund your account using a card or bank account in your name, as payments from third-party sources will be rejected. Unfortunately, we're unable to accept American Express or Diners Club, nor do we accept cash or cheque payments.

You can sign in to your account as soon as your application has been processed and you have verified your account (a verification link will be sent to your registered email address).

However, you can’t place a trade without sufficient funds in your account to open a position. If you’d prefer to test trading strategies in a risk-free environment, our free demo account allows you to practise trading with virtual funds.

If you're in the UK, you won't pay a fee for depositing funds into a trading account you hold with us. When we do impose charges – for example, to cover overnight holding costs – these charges will show in your account history. If you notice a difference between the deposit amount in your trading account and the amount that you transferred, please contact your bank or card provider in the first instance.

We suggest adding £250 the first time you fund your account, as this should give you sufficient funds to place and maintain a trade. 

As an example, if the minimum trade size for a spread bet on UK 100 is £0.10/pt, you would need to allocate an estimated margin of approximately £40 (5% margin rate for retail clients) to open the trade if the price of UK 100 were 8,000. The holding cost to keep this trade open overnight would be approximately £0.20, charged at 10pm (UK time) every night. Bear in mind that holding rates can change. 

For a CFD trade, if the minimum trade size for a CFD trade on the UK 100 is 0.02 units, the estimated margin would be approximately £8 (5% margin rate for retail clients) to open the trade if the price of the UK 100 were 8,000, while the holding cost to keep this trade open overnight would be approximately £0.05, charged at 10pm (UK time) each night.

In this example, the additional funds in your account would act as a buffer if the instrument's price were to move against you, as unrealised profits and losses are reflected in your account balance. Ensuring you have enough funds to cover unrealised losses means your account balance won’t reach its close-out level in the event of adverse price movements.

In principle, you can deposit up to £50,000 per transaction when using a card to fund your account, though your bank or card issuer may set limits below this amount. To find out if limits apply to deposits made via bank transfer, please consult your bank.

In the platform or app, go to the ‘Funding’ tab, select ‘Add funds’, then select ‘Card’. From here you will be prompted to enter the amount that you wish to deposit, and your card details. Check all the details are correct before confirming your deposit.

This is the unique three-digit number printed on your card. With most cards, it’s the last three digits of the number printed on the signature strip on the reverse of your card. It’s also known as a ‘Card Verification Value’ (CVV), ‘Card Security Code’ (CSC) or ‘Card Verification Code’ (CVC).

You can deposit up to £50,000 in a single transaction when using a card to fund your account.

You should not use credit to finance your trades on any of our products. The interest you pay on a credit card may be higher than any trading returns , so you could lose money overall, and you would still have to repay the debt on your credit card if you make a loss in your trading.

We don't charge a fee for funding your account with a personal or corporate credit card. However, your card issuer may treat a payment to us as a cash advance, which might result in them imposing charges. If the amount in your trading account differs from the amount you transferred, please contact your bank or card provider in the first instance.

Select ‘Online banking’ from the ‘Funding’ tab, enter the amount you wish to deposit and choose the bank to deposit from with our open banking partner, TrueLayer. You’ll be re-directed to your bank to choose an account and authenticate the payment, in line with your bank’s procedures.

While we don’t set limits on the amount that you can deposit, your bank may do so.

The time it takes banks to process your deposit can vary and is determined by your preferred payment method. We apply the funds to your trading account as soon as they’re available.

If you experience any issues with limits, charges or delays, check with your bank in the first instance.

In the platform or app, go to the ‘Funding’ tab, select ‘Add funds’ then ‘Bank transfer’. This will bring up CMC Markets’ account details. You can then use these details to transfer funds from your bank account.

Important: in the ‘Payment Reference’ field, enter your CMC Markets account number followed by your first initial and surname (for example, ‘12345678PJones’) to ensure your funds are transferred promptly.

Payments from third-party sources will be rejected. Please only add funds to your account using a card or bank account registered in your name.

You can call our Payments team on +44 (0)20 3003 8588 from 9am to 6pm (UK time), Monday to Friday. Emails to clientmanagement@cmcmarkets.co.uk will also be picked up during these hours. Bank transfers received after 6pm will be processed the next business day. Card payments should be processed as normal outside these hours.

If the billing address for your card doesn’t match the address we hold on record for you, we may be unable to process your payments. Let us and your card issuer know if your address changes. If you've changed address, please contact us using the ‘Live Help’ feature on the platform (within the ‘Support’ menu).

If your bank card is lost, damaged or stolen, notify your bank immediately and call us on +44 (0)20 7170 8200, and we will remove the relevant card(s) from your account. You can also remove your card(s) from your trading account yourself if you wish.

If you have any questions that aren’t covered on this page or need any other assistance, you can call us on +44 (0)20 7170 8200, email us at clientmanagement@cmcmarkets.co.uk or contact us using the ‘Live Help’ feature on the platform.