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← Embedded Finance Index 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
5
regulatory licences held by Cmc Markets
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Cmc Markets’s embedded-finance stack
Payments / PSP
Checkout.com
Open banking
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Cmc Markets — frequently asked

Who is Cmc Markets's payment processor?

Cmc Markets processes payments through Checkout.com.

Which open banking provider does Cmc Markets use?

Cmc Markets connects to bank accounts through TrueLayer.

What is Cmc Markets's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Cmc Markets's stack: Payments / PSP (Checkout.com); Open banking (TrueLayer).

Where is Cmc Markets headquartered?

Cmc Markets is founded in 1989 and headquartered in London, United Kingdom.

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