General Investment Account

Anyone can open an account as long as they're over 18, are a UK or EEA resident and have a UK bank account.

We don’t offer general investment accounts in joint names at the moment, but please do let us know if you would be interested in this option in the future.

There’s no minimum balance you must have in your account, but you will need to add cash to your account to start investing, and the minimum amount you can deposit at any one time is £1.

We'll send you a tax summary for your general investment account at the end of each tax year. The tax summary only applies for general investment accounts, so you won’t get a tax summary for any other type of account you hold with us.

When looking at your account in the app, just tap the ‘Activity’ tab to see a detailed breakdown of all your account activity. For more information, go to our ‘Viewing your performance and activity’ how-to guide – just scroll down on the home screen in the app and tap ‘Get started’ to see our how-to guides.

You can fund your account using a credit or debit card or by transferring funds from your bank account. We do not accept cheque or cash deposits. Please ensure that any payment you make to fund your account is from a card or account in your name. Any payment from third-party sources will be returned.

We apply an additional FX fee spread of 0.50% to the current conversion rate at the time of execution. Here’s an example of how we calculate the CMC Invest FX fee for a conversion from GBP to USD:

We take the current exchange rate of 1.321 and multiply it by 0.005 (0.50%) to get our CMC Invest fee rate = 0.00660. We always round this number to 5 decimal points.

This rate is then applied to the money you want to convert to get the actual fee amount taken by us.

£100 (GBP) x 0.0066 = $0.66 (USD)

So, you'll get $132.10 (USD) from the simple FX conversion, minus our fee of $0.66 (USD), which is $131.44 (USD).

To see all the benefits available under each plan, just tap on the profile icon in the top-left of the home screen in the app. Choose ’Your plan’ and swipe through the different plans to see which benefits are included with each plan.

Just navigate to your profile in the app by tapping on the icon in the top-left of the home screen. Then select ‘Your plan’, swipe right to the plan you want to switch to tap on the switch button and follow the instructions. You’ll see the details relating to your new plan, including information about any fees. Once you’ve confirmed you’d like to go ahead, we’ll send you a confirmation in the message centre. It’s as simple as that.

Yes, you can. There are just a few things you’ll need to do before this can be completed, but we’ll help you along the way. It's important to know that switching your plan will mean you’ll no longer have access to the benefits available with the plan you’re switching from.

To switch your plan, go to ‘Your profile’ in the app and tap ’Your plan’ – you’ll see your current plan. Swipe to the plan you’d like to switch to, then tap the switch button at the bottom of the screen.

You’ll then see a list of actions you’ll need to complete before you can request your switch. When you complete an action, a green tick will show alongside it on the list.

If you’re switching from Plus to Core, you must:

- Sell any Plus assets

- Cancel any pending orders for Plus assets

- Close or transfer out of your Stocks & Shares ISA and send us a secure message in the app asking us to close your ISA

- Withdraw any cash from your currency wallets

If you’re switching from Premium to Plus, you must:

- Transfer out your SIPP to another provider and send us a secure message in the app asking us to close your SIPP account.

If you are switching from Premium to Core, you must:

- Sell any Plus assets

- Cancel any pending orders for Plus assets

- Withdraw any cash from your currency wallets

- Close or transfer out of your Stocks & Shares ISA and send us a secure message in the app asking us to close your Stocks & Shares ISA

- Transfer out your SIPP to another provider and send us a secure message in the app asking us to close your SIPP account.