← State of Embedded Finance 2026

Cmc Markets

Can CMC Markets evolve from a pure retail CFD/forex broker into a multi-asset, multi-segment (B2B + B2C) financial platform by embedding best-in-class fintech infrastructure across payments, open banking, and card issuing?

Founded1989
HQLondon, United Kingdom
IndustryFintech / Investment
The story

Founded in 1989 as one of the world's earliest online CFD and forex trading platforms, CMC Markets went public on the LSE in 2016 and has grown to serve over 2 million traders across 12 offices globally. The company has progressively modernised its payments and funding infrastructure, migrating to Checkout.com for card acquiring across APAC and adopting TrueLayer for open banking-powered account-to-account deposits. CMC Markets now operates multiple business lines — B2C trading (CMC Markets), B2B white-label (CMC Connect), stockbroking/investing (CMC Invest), and a capital/infrastructure product (CMC CapX) — positioning itself as a multi-asset fintech platform rather than a pure-play retail CFD broker.

Last 12 months
2024-12
2025-04
Product timeline
1989
Founded in London as a forex and CFD trading firm.· pivot
2016
Listed on the London Stock Exchange (LSE).· ipo
2022
Selected TrueLayer for open banking capabilities to enhance client onboarding and funding via account-to-account payments.· banking
2022
Migrated three APAC entities to Checkout.com as primary payments partner, achieving 4% acceptance rate increase and £1M+ in annualised savings.· pivot
2024
Exploring card issuing as a way to better serve clients, per Checkout.com case study.· card
Regulated entities
FCA Authorised
UK FCA
CMC Markets UK Plc
ASIC Authorised
Australia
CMC Markets Asia Pacific Pty Ltd (ABN 11 100 058 213)
Broker-dealer / Stockbroking
Australia (ASX participant)
CMC Markets Stockbroking Limited (ABN 69 081 002 851)
Financial Services
Bermuda
CMC Markets Bermuda Ltd
Authorised Futures Dealer / FMA member
New Zealand
CMC Markets NZ
The stack
Payments / PSP
Checkout.com
Open banking
TrueLayer
Accounting gap: none