CMC Invest was founded back in 1989 by Peter Cruddas under the name Currency Management Corporation (CMC). It was later abbreviated to CMC before changing its name to CMC Markets in 2005. CMC Markets has over 30 years of experience in the financial services sector and currently services investors in over 16 countries and is the second biggest stockbroker in Australia. CMC Invest is the company's UK investment platform, launched in 2022.
In this article we explain how CMC Invest works, including a breakdown of its features and fees as well as how it compares to other low-cost trading apps including Freetrade and AJ Bell Dodl*.
What is CMC Invest?
CMC Invest is an investment platform and app, launched in 2022 by UK investment firm CMC Markets. It allows investors to buy and sell a number of shares, ETFs and Investment Trusts fee-free, with access to other types of investment accounts and additional features if they sign up for a monthly subscription.
How does CMC Invest work?
CMC Invest provides commission-free investing for its customers. Investors can place unlimited trades from a range of over 4,000 UK & US shares, as well as access over 400 ETFs. There are no admin fees or annual management charges, unlike many other UK investment platforms, however, if investors wish to invest via a Stocks and Shares ISA, then they would have upgrade to the CMC Invest Plus plan which costs £6.99 per month. Those wishing to invest via a Self Invested Personal Pension (SIPP) will need to upgrade to the Premium Plan which can cost up to £10.99 per month.
There is no minimum initial deposit requirement meaning investors can open an account without having to commit any money. CMC Invest pays interest on settled, uninvested cash held in its investment accounts, with the rate depending on the plan you choose. Core plan customers currently earn 1.26% on GBP balances, while Plus and Premium customers earn 2.27% and 3.30% respectively (rates subject to change). You can see how the rates of interest compare to other platforms in our article "Investment platforms paying the highest interest rate on cash". In addition to investment accounts, CMC Invest also offers a Flexible Cash ISA on all plans.
Money can be withdrawn for free at any time. Withdrawals submitted before 11am are processed on the same day, however it can take up to two business days for the funds to appear in your external account.
How to set up a CMC Invest account
In order to open a CMC Invest account, you'll first need to download the CMC Invest app. Simply search for 'CMC Invest' via the Apple or Google Play store or visit the CMC Invest website and scan the QR code. Those wishing to invest via the CMC Invest app will need hold a UK address and be over the age of 18.
Once downloaded, you'll be asked to provide some basic personal information including your National Insurance number. Once you are ready to invest you can add money to the app at any time using a UK debit card.
CMC Invest features
- Commission-free investing - Investment platforms usually charge a fee for share dealing with a trade costing anything from £1 to more than £10. CMC Invest does not charge a fee for share dealing.
- No minimum initial deposit - There is no minimum initial deposit amount meaning you can open an account without having to deposit any money. In order to start investing you'll need to make an initial deposit of £10.
- Invest in more than 4,000 UK & US shares - Invest in over 4,000 stocks and shares from the UK and the US with access to live share prices. All trades are fee-free.
- Invest in more than 400 ETFs and Investment Trusts - Invest in a range of investment trusts and ETFs and set your ESG preferences to find the funds that align with your values.
- Invest in more than 1,000+ Mutual Funds - Requires a CMC Invest Plus or Premium plan which costs between £6.99 and £10.99 per month.
- Earn interest on cash held - CMC Invest currently pays between 1.26% and 3.30% AER (variable), depending on the account you hold.
- EUR and USD wallets - Save money on foreign exchange fees by converting and holding your money in other currencies. Requires a subscription to the CMC Invest Plus plan at £6.99 per month.
- Stocks & Shares ISA - Earn interest and dividends from shares tax-free through an Individual Savings Account (ISA). Requires a subscription to the CMC Invest Plus plan at £6.99 per month.
- Self-Invested Personal Pension (SIPP) - Customers on a CMC Invest Premium plan can benefit from a tax-efficient SIPP.
How much does CMC Invest cost?
Below we provide a breakdown of CMC Invest's fees.
| CMC Invest Cost | |
| Basic trades | Free |
| Core account | Free |
| ISA with plus account | £6.99 per month for Plus account |
| SIPP with premium account | £10.99 per month for Premium account |
| Standard bank transfer | Free |
| Stamp Duty |
0.50% (On UK shares)
|
| Forex rate |
0.39% to 0.99%
|
| Cash Withdrawal |
FREE (Takes up to 2 business days)
|
| Urgent cash withdrawal |
£15 (Usually same day)
|
CMC Invest Core vs CMC Invest Plus vs CMC Invest Premium
CMC Invest has three subscription plans and while two of the plans are paid, there are free trials available. We provide a more detailed breakdown of each of the CMC Invest plans below, as well as a handy comparison table.
CMC Invest Core Plan
CMC Invest Core plan is a free plan that allows investors to buy and sell shares commission-free, via a general investment account (GIA). It also includes access to a flexible Cash ISA.
CMC Invest Plus Plan
The CMC Invest Plus plan costs £6.99 per month and allows investors access to a flexible Stocks and Shares ISA as well as some additional features such as access to 1,000 Mutual Funds, a variety of shares, and multi-currency wallets (USD & EUR) for those investing via a GIA. It's currently possible to get the Plus plan for free for the first three months and then start paying £10 per month.
CMC Invest Premium Plan
The CMC Invest premium account costs up to £10.99 per month and comes with everything in the other plans as well as access to a Self-Invested Personal Pension. There is currently an offer on which allows eligible customers to get the Premium plan for free for 12 months.
How do the CMC Invest plans compare?
| CMC Invest Core Plan | CMC Invest Plus Plan | CMC Invest Premium Plan | |
| Fees | FREE | £6.99 per month | Up to £10.99 per month |
| Flexible Cash ISA | YES | YES | YES |
| General Investment Account | YES | YES | YES |
| Stocks and Shares ISA | NO | YES | YES |
| Self-Invested Personal Pension (SIPP) | NO | NO | YES |
| Commission-free trading | YES | YES | YES |
| Investment choice | 3,500+ | 4,000+ | 4,000+ |
| Interest on uninvested cash | 1.26% AER (variable) | 2.27% AER (variable) |
3.30% AER (variable)
|
| FX fees | 0.99% | 0.50% | 0.39% |
| Mutual Funds | NO | YES | YES |
| USD & EUR Wallets | NO | YES | YES |
| Bull / Bear Market Insights | NO | YES | YES |
Correct as at 13/01/26
Is CMC Invest safe?
CMC Invest is a trading name of CMC Markets UK PLC, which is authorised and regulated by the Financial Conduct Authority, under reference number 173730. In addition, the Financial Services Compensation Scheme (FSCS) ensures that investors are protected up to £85,000 in the event that CMC Invest goes bust. If you choose to invest via CMC invest then, as with all investments, the value could go down as well as up and so you could get back less than you originally invested.
Alternatives to CMC Invest
CMC Invest vs Freetrade vs AJ Bell Dodl
CMC Invest works in a similar way to a number of trading apps including Freetrade and AJ Bell Dodl* however, there are some subtle differences. We provide a brief summary of how CMC Invest compares to each below.
CMC Invest vs Freetrade
CMC Invest pays up to 3.30% interest on uninvested cash (depending on the account you choose), whereas you can earn up to 3.5% interest on cash with Freetrade. Freetrade does limit the amount of cash that you can earn interest on, meaning you can only earn the 3.5% interest on up to £3,000 of uninvested cash. You can access over 3,500 shares with CMC Invest's core account, whereas you can access over 6,500 with Freetrade's basic account. In addition, Freetrade allows you to invest in an ISA via its free basic account, whereas you will pay £6.99 per month with CMC Invest.
CMC Invest vs AJ Bell Dodl
AJ Bell Dodl* has more account options, allowing you to invest in a General Investment Account, ISA, Lifetime ISA and Pension. AJ Bell Dodl doesn't offer a free basic account, meaning there is a minimum monthly charge of £1 or 0.15% on the total value of investments per account. That said, it does not charge an additional monthly fee for holding an ISA, whereas CMC Invest charges £6.99 per month. Dodl only has around 80 shares to choose from, compared to over 3,500 with CMC Invest. You'll earn up to 3.30% interest on uninvested cash with CMC invest, while with Dodl you can earn up to 4.06% on your uninvested cash.
CMC Invest customer reviews
In 2025, CMC Invest is currently rated 3.9 out of 5.0 on independent customer review site Trustpilot based on around 275 reviews. Approximately 67% of reviewers gave CMC Invest a 5-star rating, while only 13% gave the company a 1-star rating. The positive reviews mention how easy the app is to use and that it has a good range of US stocks. Of the negative reviews, some users have experienced delays when trying to withdraw funds.
CMC Invest Pros and Cons
Pros
- Easy to set up - You can be invested in the stock markets with a fast and simple setup process.
- Low cost - Buying and selling shares can be expensive but CMC Invest provides commission-free access to over 3,500 UK and US shares.
- Interest on cash - Core plan customers currently earn 1.26% on GBP balances, while Plus and Premium customers earn 2.27% and 3.30% respectively (rates subject to change).
- Core plan is not restricted - Some investment apps limit the number of shares you can access via its free plans, however, CMC Invest allows full access to its range of shares irrespective of the plan you choose
Cons
- Lack of managed portfolios - One of the advantages of using a traditional investment platform or robo-adviser is that they also allow you to easily diversify your investments via managed portfolios, as well as providing investors with a number of investment tools, online guidance. CMC Invest does not offer managed portfolios.
- Limited range of stocks - While CMC Invest provides access to over 3,500 shares, you can access more with other providers including Hargreaves Lansdown (8,000+) and Interactive Investor*(40,000+)
- Up to 2 business days for cash withdrawals - Although cash withdrawals are free, investors will need to wait up to 2 business days for their money to arrive in their chosen account. This is a similar situation to many other platforms.
- FX Fees on Core Plan - While the Plus and Premium plans offer competitive FX rates, the free Core plan charges a 0.99% FX fee on international trades.
Summary
Investors can buy and sell shares commission-free with CMC Invest. Its core account is free, however, investors will need to upgrade to its plus plan in order to invest via an ISA at a cost of £6.99 per month. Customers who are interested in a Self Invested Personal Pension (SIPP) will need to upgrade to the Premium account which costs up to £10.99 per month. There are cheaper alternatives elsewhere. For example, those looking to invest via an ISA could consider looking at either Freetrade at £5.99 per month or Interactive Investor*, which charges £4.99 for its Investor Essentials plan.
That being said, there is a large range of assets available to investors willing to pay for the Premium account and it might be worth it for some investors. It is also refreshing to see an investing app launch with cash savings in mind, offering both interest on uninvested cash and a dedicated Cash ISA.
When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results.
If a link has an * beside it this means that it is an affiliated link. If you go via the link Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. But as you can clearly see this has in no way influenced this independent and balanced review of the product. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - AJ Bell Dodl, Interactive Investor
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