Cmc Markets UK PLC SWIFT/BIC code

What CMCGGB21 means for a payment to Cmc Markets UK PLC

The short code CMCGGB21 and the full code CMCGGB21XXX refer to one and the same institution: Cmc Markets UK PLC. The code does one job: it ensures that money from abroad reaches the right bank. In daily life you mostly see it on invoices from abroad, in your banking app and on the account details of Cmc Markets UK PLC customers.

On this page you will find what the code is put together, when it matters and which other details a transfer to or from Cmc Markets UK PLC requires. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number is for.

About this information

The codes on this page come from publicly available data that we update regularly. Banks merge, close branches and change codes. The figures on this page are based on what is in our directory, not official figures from Cmc Markets UK PLC.

Before any payment of any size, check the BIC with Cmc Markets UK PLC or the recipient. We are an independent comparison service for money transfers and not affiliated with Cmc Markets UK PLC. If you notice a mistake, we welcome a short note.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a request claiming that a company now has a new bank account and asking you to pay there from now on. A real SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Verify new payment details via a separate channel, such as a phone number you already know. Pressure or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Already paid? Contact your bank without delay and have them try to recall the payment.

Fraud also target the receiver. Someone sends too much and asks you to refund the difference via a different route. Wait until the money is actually in your account and check with Cmc Markets UK PLC if anything seems off.

Verifying the SWIFT code of Cmc Markets UK PLC

The best place to find the right code remains paperwork issued by the bank like a bank statement or the account page in online banking. Compare it with CMCGGB21 on this page.

A wrong SWIFT code may lead to delays, a returned payment or additional charges. Remember the IBAN: a mistake there is harder to correct than a wrong code.

An automatic check by your bank merely tells you that the code exists – not that it belongs to the person you mean to pay. More and more banks check the name against the account before you confirm; take any warning seriously. For a first payment, many people send a small amount first before sending the rest.

SEPA payments and the Cmc Markets UK PLC BIC

Inside SEPA, euro transfers to an account in United Kingdom use common rules. A field for the BIC is often optional in that case.

You still need CMCGGB21XXX when sending non-euro payments or money from outside the SEPA area. Some forms still ask for the BIC; in that case, enter CMCGGB21 or CMCGGB21XXX.

Euro payments within SEPA usually arrive by the next business day. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

Getting paid from abroad into a Cmc Markets UK PLC account

If you are waiting for money from abroad, give the sender a complete set of details. Share the account holder’s name, your account number or IBAN, the BIC CMCGGB21XXX and your address.

Their bank might also ask for the bank address of Cmc Markets UK PLC, in which case the London head office is the usual answer. A typo in your account number can be more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account can be lower than the amount sent. Fees for incoming transfers vary per bank; check the price list of Cmc Markets UK PLC. Make clear with the sender who pays which costs before the money is sent.

How long does an international transfer to Cmc Markets UK PLC take?

There is no fixed delivery time for international payments: some land the same day or the next. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Compliance checks by one of the banks may also add a delay.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the person who paid needs to contact their own bank rather than Cmc Markets UK PLC. As a recipient, it helps to look at your account to see a slightly lower amount.

The British Pound and what conversion costs you

Accounts at Cmc Markets UK PLC are typically held in GBP, the local currency of United Kingdom. If you send money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Cmc Markets UK PLC itself. Every conversion eats into something – usually through the rate rather than a fee.

Who converts the payment makes a difference, because each party uses its own rate. In many cases you pay less if you send GBP straight away through a provider that converts near the mid-market rate.

Rates for GBP move during the day, and some providers let you lock in a rate. If you pay regularly, a slightly better rate make a real difference over time.

Why Cmc Markets UK PLC has an 8- and an 11-character code

The structure of every SWIFT code never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. That gives you CMCGGB21.

XXX at the end of CMCGGB21XXX does not stand for a placeholder or an error: it indicates the head office of Cmc Markets UK PLC. Some banking apps insist on 11 characters, and then you simply add XXX behind CMCGGB21.

As a rule the code is written in capitals and without spaces. Look out for the letter O and the digit 0 and I versus 1; they are easy to mix up.

Choosing between the 2 SWIFT codes of Cmc Markets UK PLC

Cmc Markets UK PLC uses 2 separate SWIFT/BIC codes. Only one is the head office code, CMCGGB21XXX; the rest identify branches or departments, and sometimes specific services.

If nobody asks you for a branch code, go with CMCGGB21XXX. A branch code only makes sense when the account holder specifically mentions it.

The safest approach is to take the code directly from the account holder’s statement. Branch codes are sometimes changed or retired over time.

International transfers from Cmc Markets UK PLC: the real cost

The price of an international transfer is made up of more than one component, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate that includes a margin. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services frequently offer rates closer to the mid-market rate and lower fees. GoldexPay lists these services next to each other so you can see what actually arrives for the same amount sent. Using a transfer service does not require leaving Cmc Markets UK PLC: you simply pay the service from your account.