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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: 2 months 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.
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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?

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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
    There are three plans to choose from here. Both paid plans offer a promotion of 12 months free. After that time you will be faced with some fairly hefty subscription fees.

    Core plan - £0


    • General Investment Uccount

    • 2% interest on cash balances



    Plus Plan - £10 per month


    • General Investment Account

    • Stocks and Shares ISA

    • Everything in Core

    • USD & EUR Wallets in the GIA



    Premium Plan - £25 per month


    • General Investment Account

    • Stocks and Shares ISA

    • Self-Invested Personal Pension

    • Everything in Core

    • USD & EUR Wallets in the GIA

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  • arrowTrading Platform:
    4.5
    I enjoyed the simplicity of this platform. Even a complete novice will feel comfortable here.
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    Pros

    • Excellent app
    quote

    Cons

    • No desktop or web platform
  • arrowResearch:
    3
    This is a proposition aimed at complete beginners and therefore research is a little thin on the ground. If you do decide to invest using ETFs or funds, there is a standard amount of information available from the KIID document or a research tab that provides information.
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    Pros

    • Morningstar ratings
    • training performance
    • rolling performance
    • Fund management
    quote

    Cons

    • No economic calender
    • No interactive graphs
  • arrowSafety:
    5
    You do not need to be concerned about safety here. All the appropriate levels of authorisation are in place and CMC Invest is part of the CMC group, including CMC Markets, which has been established for a long time.

    More information on CMC Markets Group and whether this platform might be a good addition to your portfolio can be found here:

    CMC Markets Group: Company performance analysis
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    Pros

    • Authorised and regulated by the Financial Conduct Authority
    • Protection by the Financial Services Compensation Scheme
  • arrowEducation:
    3.5
    For those completely new to investing, there are some decent educational articles including a collaboration with Finimize who have an informative but engaging style that I have always enjoyed.
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    quote

    Pros

    • Finimize articles in the learning hub
    quote

    Cons

    • No quizzes
    • No seminars
    • No video content
    • No blogs
  • arrowCustomer Service:
    0
    There is a messaging service from within the app, however, there is no indication of how long you may have to wait for a reply. My own experience was a reply within 30 minutes which is decent.
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    Pros

    • In app messaging service
    quote

    Cons

    • No live chat
    • No telephone support
  • arrowPortfolio View
    arrow-down-orangeRead More
  • arrowPromotions
    £0 for 12 months

    Upgrade to the Plus and Premium plans and pay zero fees for the first 12 months. Terms and conditions apply so be sure to check the CMC Invest website.

    Earn up to £1,000 when you transfer a minimum of £25,000 into any CMC Invest account. T&Cs apply.
    arrow-down-orangeRead More
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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