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CMC Invest Australia Review
CMC Invest is an ASX share trading platform from CMC Markets in Australia. It offers free daily trades, but no CFDs or leverage.
Min Deposit
$1
Spreads From
$0 brokerage on ASX
Max Leverage
Not applicable, cash share trading only, no CFDs
Platforms
2
Pros
- Regulated in Australia by ASIC under AFSL 246381 since 1997
- Zero brokerage on the first ASX trade of each stock every day
- Access to thousands of stocks and ETFs across 15 exchanges
- Cash is held in a segregated account with ANZ Bank, not CMC funds
- ASX shares are CHESS sponsored and registered in your own name
Cons
- Only for Australian residents, so most overseas traders cannot join
- International trades usually need about $1,000 to make sense
- No CFDs or leveraged trading, only cash share investing
- Fees on some international markets can reach 0.59 percent
CMC Invest is the share trading platform of CMC Markets in Australia. The company behind it, CMC Markets Stockbroking Limited, has held its ASIC license since 1997. In 2021, CMC renamed its stockbroking service to the current CMC Invest brand, as part of a push to attract younger investors.
The platform lets you buy real shares, ETFs, and managed funds on the ASX and on markets in the US, UK, Canada, and Japan. Your first ASX trade of the day is free if it is under $1,000. After that, ASX trades cost $11 or 0.10 percent, whichever is higher. There are no CFDs here. For leveraged trading, CMC points clients to its separate CMC Markets brand instead.
Client cash sits in a separate account with ANZ Bank, apart from CMC's own money, and ASX shares are held in your name through CHESS. The service is built for Australian residents, so most overseas traders cannot open an account. Reviewers rate it well for cost, though global trades work best with a balance near $1,000.
Min. Deposit
USD 1
Max Leverage
Not applicable, cash share trading only, no CFDs
Spreads From
$0 on first ASX trade daily, then $11 or 0.10%
Platforms
Regulators
Platforms
- ASIC (Australia)
