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CMC Markets in India — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%50
- Safety20%10
- Payouts15%0
- Track record10%100
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- CMC Markets Singapore Pte. Ltd
- Founded
- 1989
- Retail leverage
- 20IN
- Currencies
- USD/SGD and other majors; no INR base account.
- Swap-free account
- no
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with CMC MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- CMC Markets Singapore Pte. Ltd
- Local standing
- Regulated offshore (MAS Singapore); no Indian regulatory oversight and residents trade in a legal grey area under FEMA/RBI rules.
- Licence as the register states it
- Served under MAS (Singapore) authorisation; CMC is not SEBI-registered, and CFDs are not offered by any SEBI-licensed broker.
- Leverage for this entity
- Forex leverage limited to about 20:1 for Indian clients, with negative balance protection.
- The firm behind it
- Founded 1989, HQ London, listed on the London Stock Exchange; long-established global CFD/spread-betting broker.
- What we hold against it
- Regulated by MAS but not SEBI; Indian residents face FEMA/RBI restrictions on overseas CFD/FX trading.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youRegulated offshore (MAS Singapore); no Indian regulatory oversight and residents trade in a legal grey area under FEMA/RBI rules.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Retail CFD account via Next Generation (Singapore entity), no minimum deposit. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where CMC Markets sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 0 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:20 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Bank transfer | 24 | 0 | 50 |
| Cards | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 0 local rails)
Bank transfer and cards;
- Bank transfer
- Cards
- Account currency
- USD/SGD and other majors; no INR base account.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(2 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- Next Generation
- MetaTrader 4
| Class | Count | Min spread |
|---|---|---|
| Next Generation | — | 0.7 |
| MetaTrader 4 | — | 0.7 |
| All instruments | 12000+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 20 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 3,488 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Min deposit 0 USD, under the India median 15
- Track record 100 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 120 h, over the India median 48
- Payouts 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 2IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 500IN
- Rank in this country
- #23
- Round turn, USD
- 13.6IN
- Min deposit, USD
- 0IN
- Leverage
- 200IN
- Rank in this country
- #57
- Round turn, USD
- 10IN
- Min deposit, USD
- 15 groupIN
- Leverage
- 500 group
- Rank in this country
- #61
- Round turn, USD
- 4.5IN
- Min deposit, USD
- 0IN
- Leverage
- 500IN
- Rank in this country
- #3
- Round turn, USD
- 6IN
- Min deposit, USD
- 10IN
- Leverage
- 2000IN
- Rank in this country
- #5
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #1
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | CMC Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does CMC Markets accept residents of India?
- No. Regulated offshore (MAS Singapore); no Indian regulatory oversight and residents trade in a legal grey area under FEMA/RBI rules. Onboarding entity: CMC Markets Singapore Pte. Ltd
- Is CMC Markets licensed to serve clients in India?
- Served under MAS (Singapore) authorisation; CMC is not SEBI-registered, and CFDs are not offered by any SEBI-licensed broker. Checked on 09.07.2026.
- What leverage does CMC Markets offer to retail clients in India?
- Up to 1:20. Forex leverage limited to about 20:1 for Indian clients, with negative balance protection.
- Which trading platforms does CMC Markets support?
- Next Generation, MetaTrader 4. Instruments: 12,000+ CFDs: 330+ forex pairs, indices, commodities, shares; crypto CFD availability subject to restrictions.
- How can I withdraw money from CMC Markets in India?
- Bank transfer and cards; INR conversion applies. No verified India-local instant rails.
- What account types does CMC Markets offer?
- Retail CFD account via Next Generation (Singapore entity); no minimum deposit.
- Does CMC Markets offer a swap-free (Islamic) account?
- No. CMC Markets publishes no swap-free (Islamic) account for India.