FAQs

FX Active is an account designed for high-volume traders, who want to get even more from their forex trading. It features tighter spreads and a fixed rate commission, enabling pure price transparency. As well as trading on over 300+ FX pairs though CMC's Next Generation platform, or 175+ FX pairs through the MT4 platform, all other non-FX instruments are also available to trade in the same way as with a standard CFD account.

For more information, please refer to this link.

We are required to comply with industry 'Know Your Customer' (KYC) requirements to identify our customers and check they are who they say they are. We are required to verify your identity and obtain information about your source of income and wealth and level of experience with financial products. Security of clients' personal information is of the utmost importance to us. For more information, please read our privacy and security policy, which explains in more detail how we deal with the personal information that you provide us.

Yes, you can give authority to another person to trade from your account on your behalf (a limited power of attorney). Please contact our Client Management team who will be able to assist you with setting this up.

You can sign in to your account as soon as you have received notification that your application has been successful and you have clicked on the verification link sent to your registered email address. However, you won't be able to place a trade unless there are sufficient funds in your account to hold an open position. If you prefer to test strategies in a risk-free environment, our free demo account will allow you to practise trading with virtual funds.

Yes. Simply visit this webpage to start the quick process to refer a new client to CMC Markets, and you will both receive $150 when they start trading.

As a new client, your referee will now be eligible to earn a Welcome Bonus. Plus, if they trade on Tier 3 or 4 of the Welcome Bonus, you will receive an additional bonus depending on the tier your referee trades on. Click here for the full Terms and Conditions.

Depending on your circumstances and the region you are a resident of, we may request that the documentation you submit to us is certified. A certified copy is a copy of an original document that has been endorsed as a true copy of the original by an approved individual. Examples of approved individuals who can certify documents include:

• Lawyer
• Notary public
• Commissioner of oaths
• Accountant
• Bank manager
• Doctor
• Ambassadorial staff
• Law enforcement official

The endorsement or stamp needs to appear on the page that shows the information required. We are not able to accept a certified document with the certification on a separate page.

The certification on all certified copies should include:

• The statement: "Certified to be a true copy of the original"
• The name and signature of the person who has certified the document
• The certifier's job title
• The certifier's telephone number
• The certifier's company stamp, if applicable or their address
• The date of the certification

We are able to set up your account with scanned copies of your certified documents. However, you need to send us hardcopies of the certified documents within two weeks of opening your account in order to withdraw funds.

Translated documents must be annotated with the wording "True translation" and must be signed and dated by the translator.

You will need to notify our Client Management team to request to close your account. You may raise a request via the following methods:

• Email to support@cmcmarkets.com.sg with your request from the registered email address on your account.
• Submit a request on your mobile application
• Contact our Client Management team at 1800 559 6000

Please ensure there are no open positions left on your account and withdraw all remaining funds.

Apply now for a demo or live account with CMC Markets. Please remember that losses can exceed any deposits.

Our aim is to help you start trading as quickly as possible. We typically process applications in one to three working days.

However, there may be cases where additional documentation is needed before we can process your live account application.

If you reside outside Singapore, the account opening depends on how quickly you can provide us with the required supporting documents. Once you have submitted your documents, we will contact you within the business day.

After you have completed an application, we will need you to drop by our office with the following documents so that we can complete the verification process to open your account:

• A signed copy of the Client Acknowledgement Form.
• Proof of identity - a valid photo ID (NRIC), passport or driving licence;

If your photo ID does not show your current residential address, we will also require you to bring any one of the following documents, dated within the last three months, clearly showing your current residential address during your visit:

• Proof of address - any one of the following documents, dated in the last three months, clearly showing your current residential address:
• - Bank / Credit Card Statement
• - Town Council Service and Conservancy bill
• - Singapore Power utility bill
• - Cable TV Bill
• - Telecommunication / Internet Bill
• - Insurance / Statement / letter
• - Any Bill/Statement/letter from a government agency or statutory board participating in the one-stop change of address reporting service

As we will require a copy of your bank statement to withdraw funds from your account, it may prove simplest to provide it with your application, as your proof of address.

Visiting our office

We are located at 2 Central Boulevard, IOI Central Boulevard Towers, #25-03, Singapore 018916. Please remember to bring the above documents during your visit. Our opening hours are from 9am to 7pm, Monday to Friday.

If you are not residing in Singapore, certified documents are required to be submitted to us by post or via email. A copy of each certified document is to be reviewed by an appropriate person*, with the following details included:

• Annotated with 'I certify that I have seen the original and this is a true copy of the original' or other phrases with similar meaning;
• Signed, dated and stamped with the firm's stamp of the certifier when applicable; and
• Contact details of the appropriate person when applicable.

*Appropriate person can be any one of the following:

• Lawyer, Notary Public or Commissioner of Oaths
• Bank Manager – only for Bank related statements
• Law enforcement official

Overseas applicants should send the equivalent documents from the list above, from their respective jurisdictions. Please contact us should you have any queries in this respect.

In certain cases we may require further documents. We will be in touch with you directly should this be the case.

On the iPhone app, tap the 'More' button, then 'Switch Accounts'. On the Android app, select 'Switch Accounts' on the left side menu.

You can have separate accounts denominated in Singapore dollar, US dollar and Hong Kong dollar. Any request for multiple accounts in the same currency would be considered on a case-by-case basis.