Spread bets and CFDs are high-risk leveraged products and losses can exceed your deposits.
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Trading Books

Multiple strategies. Multiple ways to execute. One account.

NEW FOR CFD TRADERS

Introducing Trading Books

Experienced traders don’t just focus on one strategy. Trading Books are our way of letting you trade multiple strategies all in one place, while keeping them separate from one another. So you can easily measure performance, make changes and most importantly, one strategy doesn’t get closed out if another underperforms.

Watch the video

Create your own custom indices

Drag and drop your favourite instruments from the product library into your Trading Book and set your desired weighting for each to create your own themed indices.

Control your leverage

Manage your risk. You can use excess cash in your Trading Book to overfund the standard margin requirements, effectively reducing leverage.

Reduced costs

Holding cost offset enables you to only pay interest on your net borrowings and not your full position size. Plus, avoid currency conversion fees when you add instruments of the same currency as your Trading Book.

How Trading Books work

Trading Books are designed to allow you to trade all your different strategies in one place, whether that’s short term on a single instrument, or longer term on a custom index.

Create portfolioSet weightingCustomiseBacktestMonitor performanceManage your trading book

Create your new Trading Book

Set the name, add funds and simply drag and drop one or more instruments in.

Set weighting

If you’re adding more than one instrument, use the slider to control the weighting of each instrument in your index.

Customise

Toggle the direction of your trade on each instrument and then set the value and leverage amounts.

Back-test performance – COMING SOON

Back test your Trading Book against thousands of instruments from our product library over the last 12 months.

Monitor performance

Track the performance of your Trading Book and its components in real-time, separately from the rest of your portfolio.

Manage your Trading Book

Add and remove instruments, rebalance weightings or change direction with one simple click to keep ahead of the market.

TRADING BOOKS TUTORIALS

How to use Trading Books

Watch our how-to guides and learn about the different features of Trading Books to help you get started.

How to create and execute a Trading Book
How to fund your Trading Book
How to edit your Trading Book
How custom margin works
Michael Hewson
INSIGHTS
Our chief market analyst, Michael Hewson, looks at how to make the most of Dynamic Trading

Why pro traders choose CMC Markets

Some of the reasons serious traders choose CMC Markets include our 30+ years’ experience in the industry, lightning-fast execution*, strong Trustpilot rating and FTSE listing.

Your own personal account manager

Your London-based account manager will be available to support your queries when the markets are open, from routine questions to more complex matters.

Built for committed traders

Pioneering technology in our award-winning trading platform** combines institutional grade features with powerful execution.

Best spread betting and CFD provider^

Our investment and focus is on delivering a superior trading platform, product and service experience for clients.

Questions about CMC Pro?

Our award-winning client services team** is here to support you.

Apply for a CMC Pro account

1

Create a live account

Create an account using the link below. You will first need to apply for a standard spread betting or CFD account.

2

Complete your application

We’ll send you a straightforward form to confirm your eligibility, and we may ask you to provide supporting documentation.

3

Start trading like a pro

Once approved, start trading from your CMC Pro account immediately.

Sign-up to CMC Markets

Already a client and meet the eligibility criteria? Request for a sign-up form

FAQs

CMC Pro

Do CMC Pro clients get the same protection as retail clients?

No, as a professional client you will not get the same protections afforded to retail clients when using CMC Pro.

Risk warnings: CMC Markets will not be required to provide you with the current risk warnings we must provide to retail clients.

Communications and financial promotions: Certain FCA (or equivalent) rules relating to the form and content of information provided by CMC Markets do not apply, including those relating to communications and financial promotions.

Negative balance protection: Retail clients benefit from negative balance protection, meaning that their losses cannot exceed deposits. This functionality is not available to professional clients.

Leverage restrictions: CMC Markets is required to restrict leverage to between 30:1 and 2:1 on the products we offer to retail clients. Higher leverage can work against investors and amplify losses.

Financial Ombudsman Service (or equivalent): Access to the Financial Ombudsman Service (the “FOS”) will not extend to all professional clients (only those that meet the FCA handbook definition of a consumer) and may therefore not extend to you. The FOS is an independent service for settling disputes between FCA-regulated firms and eligible complainants. If you are not sure whether you will be entitled to refer your complaint to FOS, we suggest you contact FOS directly.

Which protections are available to professional clients?

As with a standard account, we will hold and maintain an amount equal to your account value in a segregated client money bank account. If you are eligible, the Financial Services Compensation Scheme may provide compensation up to £85,000. Check your eligibility here. If you are an eligible complainant and are not satisfied with the outcome of a complaint to us, you are able to use the Financial Ombudsman Service.

What’s the difference between a standard spread betting or CFD account and CMC Pro?

With all CMC Markets accounts you get the same access to our award-winning trading platform*, wide range of instruments and advanced trading tools. Regulatory restrictions have been placed on our standard spread betting and CFD trading accounts, to offer greater protection to retail clients. A CMC Pro account will not have the same investor protections that are available on a standard account. Higher leverage available on products on a CMC Pro account can work against investors and amplify losses. Professional clients with a CMC Pro account will have access to restricted products, plus a personal account manager and monthly cash rebates for high-volume traders†.

Why has spread betters’ and CFD traders’ leverage been restricted?

The European Securities and Markets Authority (ESMA) has limited the leverage available to retail clients to between 30:1 and 2:1, as spread betting and CFD products are considered high risk and complex, and higher leverage rates are not suitable for the majority of retail clients. These restrictions took effect on 1 August 2018 but don’t apply to CMC Pro clients, who are classified as ‘professional clients’.

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.

What if I’m 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

What happens if I have a CMC Pro spread betting account and I open a CFD account?

As you would already be classified as a professional client with us for your spread betting account, this status would automatically be applied to your new CFD account.

What is included in my ‘financial instrument portfolio’?

Financial instruments that count towards your portfolio size include shares, derivatives (only available cash deposits or profits realised from investing in derivatives), debt instruments and cash deposits. It does not include property portfolios, direct commodity ownership or notional values of leveraged instruments.

Why do I need to open a standard account before I can apply for a CMC Pro account?

Only clients that are new to CMC Markets will need to first open a standard spread betting or CFD trading account before applying for a CMC Pro account. If you already have a spread betting or CFD account with us, you can apply for CMC Pro now.‡

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 professional client has been approved and you have switched over to CMC Pro. 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.

Dynamic Trading

Are Dynamic Trading and Trading Books available for both spread betting and CFD accounts?

Dynamic Trading and Trading Books are available for CFD accounts only.

Which countries are supported?

Dynamic Trading and Trading Books are currently available only in the UK.

Can I use funds in my CFD account for Dynamic Trading?

No, you will need to deposit funds to each Trading Book separately. To transfer funds to or from a Trading Book, go to the funding module in the platform.

What happens if there isn’t enough money to fund my Trading Book?

Each Trading Book will be liquidated separately. You will receive liquidation notices via email and platform pop-ups.

Which currencies can I select to fund my Trading Books?

Trading Books can be created in the following currencies: GBP, CHF, EUR, NOK, SEK and USD.

Which products can I trade on with Trading Books?

You can trade on the majority of CFD instruments, except forwards, cryptocurrencies and manual trading instruments. Trading Books are not available via a spread betting account.

Is there a limit on how many instruments I can add to a Trading Book?

You can add up to 25 instruments per Trading Book.

Why are some features available on desktop and not mobile?

For initial launch, not all features will be available on both desktop and mobile. Below are the features currently available on desktop and mobile:

Feature Desktop Mobile
Create, save & edit new Trading Book Y N
Allocate & withdraw funds to Trading Book Y N
Choose Trading Book currency Y N
Add & remove instrument from Trading Book Y N
Edit target weighting Y N
Edit direction Y N
Close position Y Y
Confirm & place market orders Y Y

 

What order types are currently available?

Market orders are the only order type supported on a Trading Book. The following order types are not currently available:

  • Stop-loss orders, including trailing stop-loss orders
  • Guaranteed stop-loss orders
  • Take-profit orders
  • Limit and stop-entry orders

We are working on adding stop-loss orders for Trading Books and hope to be able to release this feature in the near future.

What is a holding cost offset?

This feature is only available to professional investors. The holding cost offset reduces, up to the full value, an overnight holding cost debit charged on a Trading Book. The holding cost offset contains two components: custom margin offset and interest on cash offset.

a) Custom margin offset: reduces overnight holding cost debit, up to the full value, for which custom margin is provided across all instruments available with Trading Books. This has the effect of charging overnight holding costs based on the borrowed value of the exposure, rather than the full value of the exposure.

b) Interest on cash offset: reduces overnight holding cost debit for which interest is received on the entire credit cash balance of the Trading Book, capped at the exposure of the Trading Book.

What is a pending order?

Where a market order is placed but can’t be executed because the relevant market is not open for trading, the order will be held as a pending market order, to be triggered on market open. A pending market order will be triggered at the first available price on market open.

A pending market order will be displayed on a Trading Book, but it will not be displayed on the orders window. Where a new price is received on market open, the pending market order will be adjusted to the correct number of units.

*0.0045 seconds CFD median trade execution time, 2019-2020 CMC Markets financial year.
**Awarded No.1 Web-Based Platform, ForexBrokers.com 2021 Awards; Best Telephone Customer Service & Best Email Customer Service, based on highest user satisfaction among spread betters, CFD and FX traders, Investment Trends 2020 UK Leverage Trading Report.
^Best Spread Betting Provider, City of London Wealth Management Awards 2021 & Best Retail CFD Broker, Finance Magnates Awards 2020.

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