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CMC Invest review

Insiders score

infoMore info
This is the score our team have awarded the platform based on our own personal experiences and other important factors, such as fees and ease of use.

3.5out of 5

Recommended in
Not currently recommended

CMC Invest is the easy-to-use investment solution brought to market by the long-established trading platform CMC Markets.

pointFirst 12 months free for premium plans
pointEarn up to £1,000 when you transfer a minimum of £25,000 into any CMC Invest account.
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By Antonia Medlicott

  • Published: June 18, 2024
  • Edited by: Clare West
  • Last Update: 1 month ago
check Fact Checked

3.5out of 5

point First 12 months free for premium plans
point Earn up to £1,000 when you transfer a minimum of £25,000 into any CMC Invest account.
Visit Platform

Antonia's view

The Verdict

Those happy with a general investment account will find good value here, however Sometimes called an investment ISA, a stocks and shares ISA is an individual savings account that allows you to invest in shares, unit trusts, investment funds, and bonds. You will not need to pay tax on any income or capital gains earned on investments within an ISAISAinfo and A self-invested personal pension (SIPP) is a type of private pension that allows you to control the specific investments that make up your pension fundpensioninfo investors with a small starting pot will find the flat fee structure very expensive while investors with some investment knowledge would be better served at a platform like Trading 212 where they will benefit from a greater selection of assets and a more favourable pricing structure.

Paying 2% interest on cash balances also doesn’t compete with Trading 212's interest rate on cash which is currently 4.9% APY.

New investors will enjoy the simplicity of the platform whilst still accessing a decent number of assets.
arrow-down-orangeRead More
quote

Pros

  • Very easy to use
  • Low cost for a general investment account
  • Partnership with Finimize in the Learning Hub
quote

Cons

  • Very expensive for small investment pots for ISA and SIPP
  • Fairly limited selection of assets
  • 0.5% FX on the general investment account
  • No fully managed portfolios for new investors
  • Verdict3.0
  • Fees2.5
  • Trading Platform4.5
  • Research3
  • Safety5
  • Education3.5
  • Customer Service
  • Portfolio View
  • Promotions

Antonia's view

Who do I recommend it for?

arrow-down-orangeRead More
quote

Pros

  • Very easy to use
  • Low cost for a general investment account
  • Partnership with Finimize in the Learning Hub
quote

Cons

  • Very expensive for small investment pots for ISA and SIPP
  • Fairly limited selection of assets
  • 0.5% FX on the general investment account
  • No fully managed portfolios for new investors
  • arrowVerdict
    3.0
  • arrow Fees:
    2.5
  • arrowTrading Platform:
    4.5
  • arrowResearch:
    3
  • arrowSafety:
    5
  • arrowEducation:
    3.5
  • arrowCustomer Service:
    0
  • arrowPortfolio View
  • arrowPromotions
update-icon

Updates

18.06.24 Review published

Who do I recommend CMC Invest for?

This is difficult to recommend to anyone. If there are beginners out there who already have a decent sized investment pot and want something very simple, then this would fit the bill. But small pots are going to get penalised by that flat fee structure in order to access the Sometimes called an investment ISA, a stocks and shares ISA is an individual savings account that allows you to invest in shares, unit trusts, investment funds, and bonds. You will not need to pay tax on any income or capital gains earned on investments within an ISAISAinfo or A self-invested personal pension (SIPP) is a type of private pension that allows you to control the specific investments that make up your pension fundSIPPinfo.

Intermediate investors would be best going to a platform like Trading 212 where they will find a lot more assets to choose from as well as a better pricing structure and a much better interest rate on uninvested cash.

Experienced investors will struggle with the lack of choice here as well as the limited research tools.

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