Best CMC Markets Alternatives

logomark Anthony Gallagher calendar Last Updated: November 2021 timer 5 min read
Connect with us

When it comes to the forex market, CMC Markets is like a household name. This reputable online broker has carved a niche for itself by offering top-notch trading services to a wide range of traders and investors.

On top of that, CMC Markets also offers a wide variety of technical indicators, tools and educational resources that will assist both professional and newbie traders. You can read our CMC Markets review for an in-depth overview of this broker.

Additionally, there are CMC Markets alternatives you can also consider to improve your trading experience. These alternatives work exactly like CMC, though each one has its own unique features.  So, in this article, we will walk you through the top 10 CMC Markets alternatives for your consideration.

In the table below, you can look at why we have chosen such brokers as an alternative to CMC Markets:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

CMC Markets alternatives Alternative for Minimum Deposit
IC Markets Scalping, PAMM Account $0
Pepperstone Scalping, Spread Betting, PAMM Account $0*
IG Markets Spread Betting, Total number of CFD assets $300
Plus500 Unlimited demo, Total number of CFD assets $100
eToro Real assets trading, Crypto Trading, Copy Trading $200
FXCM Spread Betting, Unlimited demo $50 ($300 for EU and UK traders)
LCG Total number of CFD Assets, Low Spreads $0
Forex.com USA Availability, Fixed Spreads $50
Saxo Bank Number of assets $500 ($10000 for European traders)
Oanda Spread Betting $0

*$200 suggested by Pepperstone

Table of contents

CMC Markets Low Spread Alternatives

Trading with an online broker that offers low spread is a no-brainer if you want to maximize your stay on the forex market. While CMC Markets offers low spread, the brokers outlined in the table below also offer low spreads. For a broader understanding of these brokers, you can read our Top 10 Lowest Spread Forex Brokers guide. This guide will help you make an informed decision.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Avg Spread EUR/USD
IC Markets $0 0.1 pips
Pepperstone $0 0.13 pips
LCG $0 0.2 pips

CMC Markets Copy Trading Alternatives

We all know how important copy trading is to new traders and those that do not have the time to analyze the FX market. If you have a 9-5 job and you find it difficult to concentrate on market analysis, you can leverage copy trading to still make a profit off the market.

At its core, copy trading is the practice of “copying” the trading strategies of professional traders. In essence, if the trader you’re copying his/her trading strategies makes profits, you also make a profit. Otherwise, you will lose your trading capital. You can take a look at our Top 10 Copy Trading Best Platforms guide to enable you to make an informed decision when you are ready to practice copy trading.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Copy Trading Platform
IC Markets $0 ZuluTrade
Pepperstone $0 DupliTrade, myfxbook
eToro $200 WebTrader
FXCM $50 ($300 for EU and UK traders) ZuluTrade

CMC Markets Spread Betting Alternatives

The concept of spread betting didn’t start today. Traders have been practicing it and making the most out of the FX market. From the table below, you can see an overview of the best 5 CMC Markets alternatives for spread betting. Meanwhile, you can take a look at our top 10 uk spread betting forex brokers guide for more information on how to choose the best CMC Markets alternatives for spread betting.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Minimum Bet
Pepperstone $0 £0.2
IG Markets $300 N/A
FXCM $50 ($300 for EU and UK traders) 7p or 7 cents a point
LCG $0 N/A
Oanda $0 0.0001p

CMC Markets CFD Assets Alternatives

Contract for difference, CFD, is a trading strategy that enables forex traders to speculate asset prices without actually owning the underlying asset. CFD traders make money from the price differential of the assets they are speculating on. CFD trading is a great concept for retail traders. The table below shows the top 5 CMC Markets alternatives for CFD trading.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Number of CFD Assets
Saxo Bank $500 40.000+
IG Markets $300 17.000+
LCG $0 7.000+
Plus500 $100 2.000+
Forex.com $50 300+

Choosing a CMC Markets alternatives: main perks and characteristics

Being a reputable online broker, trading with CMC Markets comes with peace of mind. This broker uses cutting-edge technology to protect investors and traders’ funds. It also comes with lots of benefits, including unlimited demo account, a wide range of trading assets or financial instruments, and the ability to participate in spread betting.

On top of that, you do not require any minimum deposit to open a trading account as a beginner. CMC Markets is the best stock trading platform for the average Australian trader. It also has the popular MT4 trading terminal for improved trading experience. Take a look at our CMC Markets review so that you can get a breakdown of what this broker is about.

What is CMC Markets missing?

As with anything in life, CMC Markets also have its drawbacks. In fact, there is no single broker that has every feature in a single platform. This section highlights those features that are lacking in CMC Markets. You can check the top 10 best forex brokers to know what are the best brokers in the world.

CMC Markets alternatives comparison

The table below shows the best CMC Markets alternatives when it comes to minimum deposit requirements, low spreads, spread betting, copy trading, as well as execution.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Feature Min. Deposit Low Spread from 0 pips Copy Trading Spread Betting Execution
CMC Markets $0 No No Yes DMA
IC Markets $0 Yes Yes No ECN
Pepperstone $0* Yes Yes Yes ECN/STP
IG Markets $300 No No Yes Market Maker
Plus500 $100 No No No Market Maker
eToro $200 No Yes No STP
FXCM $50 ($300 for EU and UK traders) No Yes Yes STP
LCG $0 Yes No Yes ECN/STP
Forex.com $50 No No No STP/Market Maker
Saxo Bank $500 ($10000 for European traders) No No No STP/Market Maker
Oanda $0 No No Yes Market Maker

*$200 suggested by Pepperstone

CMC Markets alternatives FAQ

What is CMC Markets’ best alternative?

Going by all the factors we have discussed in this post, the best CMC Markets alternative is IC Markets. However, if we consider scalping, the best CMC Markets alternative is IC Markets. What about Copy Trading? The best CMC Markets for copy trading is eToro.

That’s not all, the best CMC Markets alternatives for Spread Betting is Pepperstone. Finally, the best CMC Markets alternatives for the total number of assets is Saxo Bank.


About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


Leave a Reply

Your email address will not be published. Required fields are marked *

Keeping you better informed

Find and compare the best
Online brokers for you

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2021 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Sitemap