5 Free Trades - New Accounts @ CMC Markets

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Jessie Ryder on 09/12/2020 - 10:39 cmcmarkets.com (289 clicks)
Last edited 09/12/2020 - 15:44 by 2 other users

CMC5FREE

Get 5 free trades with CMC Markets Stockbroking

We’ve partnered with CMC Markets Stockbroking so they can exclusively offer you a brokerage rebate for 5 trades up to the value of $59.95 each when you sign up to a new account with CMC within three months of 8 December 2020.

Use the code 'CMC5FREE' in the 'Review and Submit' section of the online application.

Brokerage rebates are applied at the end of each day by a cash deposit into your account. Your trade confirmation will show the full brokerage charged and will not be adjusted by the brokerage rebate value.

T&C

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  Lps on 09/12/2020 - 10:56

  We’ve partnered with CMC Markets Stockbroking

  Who? Who’s partnered with CMC Stockbroking?

  • 

    spamus on 09/12/2020 - 12:14

    T&C link says Sharesight so assuming it's copy-pasted from there?

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  JeBs on 09/12/2020 - 11:01

  +7

  Important to add a disclaimer, indicating that 90%+ of people who trade CFDs lose money (if not all the money they "invest", though I'd prefer to call it gambling like it's officially known in the UK.)

  For most retail investors, trading CFDs is effectively gambling. Do the research and run a few Internet searches to discover the dangers, before opening one of these accounts. Having lost $100,000+ over a few years trading CFDs, I know all too well. Plus I know others who have lost just a much, if not more over similar periods.

  You need lots of education and experience (and dare I say pure luck) to profit from CFDs, and I believe all providers always underplay the risks.

  If you really want to ignore the risks and try your hand, start with a demo account (no real cash) and trade it for a year (remember, no real cash) to see if you can "beat them". I bet you can't.

  And in its simplest form, that's exactly what it is - you versus the your billion dollar CFD provider.

  My advie? Avoid this service like the plague, as there are better things to waste money on these days.

  • 

    watwatwat on 09/12/2020 - 11:09

    If 90% of people lose money, can't we just ask a new trader to share their trades with us and we inverse them so we have 90% chance of winning?

  • 

    spamus on 09/12/2020 - 12:13

    +1

    Looks like this deal is for actual stock trading. As long as you stick to that it should be okay, just don't be tempted to touch their CFD products.

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  Yorkshire-Man on 09/12/2020 - 11:02

  OP, I've opened an account but not traded… can I get this? Where is this from?

  • 

    hughes on 09/12/2020 - 20:13

    doubt it. gotta open an account using the code.
    it's from sharesight

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  Kharn83 on 09/12/2020 - 11:31

  +2

  Having used CMC markets on and off for several years I'd steer clear. They have employed unethical practices that have caused me to lose amounts ranging between 5 to 6 figures previously, including randomly increasing interest on profitable positions from 4 percent a year to 800 percent a year (causing you to close the position unfavourably and or at a loss) and moving the price tracking algorithm unexpectedly when it favours them

  As a blanket rule I have sworn never to trade CFDs again especially with CMC. Outside of CFDs I am actually fairly profitable as a stock trader/investor so I am not surprised 90 percent of investors are worse off than when they began.

  Do yourself a favour and steer clear of CMC and or CFDs in general. You'll thank yourself for it.

  I also have several friends who traded CFDs and I have never heard a good story from them of their endeavours (only bad stories)

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  cloudy on 09/12/2020 - 12:17

  +2

  So many Negs, all saying that financial derivatives are bad (which they are), but not of the product posted by OP.

  This is a stockbroking deal, this is a good deal.

  I've used CMC markets for stockbroking for 8 years, executed 500+ trades, absolutely no problems with it. It used to be the cheaper ones, but plenty of cheap ones on market now. But it does what it does and i'm happy to continue using them.

  • 

    yjun355 on 14/02/2021 - 10:43

    What are the cheaps alternatives now?
    Also how much do you pay per trade at CMC?

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  SQjew on 09/12/2020 - 13:12

  Make the 5 trades then convert your holdings to your original broker.

  • 

    watwatwat on 09/12/2020 - 13:30

    That's a LOT of effort. Or do it in one trade for $9.50 at selfwealth.

    • 

      SQjew on 09/12/2020 - 15:14

      +1

      Filling out an electronic form of your CMC holdings to transfer to your original broker is hard work?

      • 

        watwatwat on 09/12/2020 - 15:28

        You're gonna sign up to a new broker, send in funds, perform trades and then transfer? Yes, it is. To save $10.

        Or just get someone to use your selfwealth referral code and you get 5 trades on there for free.

        • 

          SQjew on 18/12/2020 - 23:41

          @watwatwat: Its all electronic and trying to reason with someone like yourself who wants to save money but does not want to lift a finger is impossible. All too hard apparently.

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  Shane34 on 09/12/2020 - 15:38

  Is ASX included or just overseas markets?

  • 

    spamus on 09/12/2020 - 16:08

    This is for ASX. Overseas markets are mostly "$0 trade" already.