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CMC Markets vs Forex.com: Comparison and Analysis

Trying to figure out whether to use CMC Markets or Forex.com? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of CMC Markets and Forex.com side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
CMC Markets review
Open Account
81% of retail investor accounts lose money
Forex.com review

Overall Ratings


Rated
79
Rated
81

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • CMC Markets
  • Forex.com

Security 95
Security 95

Cost 58
Cost 69

Trading 75
Trading 75

Education 81
Education 82

Company Info


Foundation
1989
1999
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, de, es, fr, nor, pol, swe, it, chi
en, chi

Leverage


Non-EU Leverage ?
500:1
400:1
European Leverage ?
30:1
30:1
Australian Leverage ?
500:1
30:1
US Leverage ?
0
50:1
Canadian Leverage ?
100:1
50:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
42981
52385
SimilarWeb - Total Visits
Facebook Likes
28984
36211
Twitter Likes
146200
Instagram Likes

Deposit and Withdrawal


Minimum Deposit ?
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Deposit Waiting Time ?
1-2 business days
1-2 business days
Withdraw Waiting Time ?
1-2 business days
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, USD
EUR, GBP, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
3.0
Natural Gas ?
0.3
Silver ?
2.5
1.4
Platinum ?
10.0
Copper ?
2.0
Soybeans ?
0.9
Corn ?
1.5
Gold ?
0.3
0.45

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.7
1.3
USD/JPY Average Spread
0.7
1.5
USD/CHF Average Spread
1.5
1.9
GBP/USD Average Spread
0.9
2
USD/CAD Average Spread
1.7
2.0
AUD/USD Average Spread
0.7
1.6
NZD/USD Average Spread
1.8
3.2
EUR/GBP Average Spread
1.1
1.9

Fees on Stocks


Apple
0.02
0.01
Facebook
0.02
0.04
Alphabet
0.02
0.30
Snapchat
0.02
BP
0.02
Tesco
0.02
Barclays
Lloyds

Fees on Indices


FTSE100
1.0
1.3
S&P500
5.0
0.6
Dow Jones
3.0
Nasdaq
1.0
1.5
CAC40
1.0
1.5
DAX30
3.0
1.5
Nikkei 225
7.0
15.0
Euro Stoxx 50
2.0
2.3

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
1.4
1.2
Ripple
40.0
60.0
Litecoin
45.0
0.5
Bitcoin Cash
1.8
2.0
Dash
5.0
0
Monero
10.0
0
Neo
10.0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, nor, pol, swe, it
en, ar, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
339
80
Crypto ?
339
80
Commodities ?
111
12
Stocks ?
9451
220
Indices ?
46
18
ETF ?
1
Futures ?
1
1
Options ?
1
1
Bonds ?
1
1
Metal ?
2
5
Agricultural ?
10
3
Energies ?
4
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
81
139
Number Chart Drawing Tools ?
24
22
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, de, es, fr, nor, pol, swe, it, chi
en, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

CMC Markets vs Forex.com: A Comprehensive Comparison Summary

Security

CMC Markets is regulated by ASIC, FCA, MAS, FMA, and IIROC, while Forex.com is regulated by CySEC, FCA, ASIC, JFSA, MAS, HKSFC, CIMA, IIROC, NFA, and CFTC. Both brokers have high-security ratings, with CMC Markets rated at 95 and Forex.com rated at 95.

Winner: Tie

Demo Accounts

CMC Markets offers a demo account with unlimited duration and virtual funds of $10,000. You can open multiple CMC Markets demo accounts with the same email. Forex.com provides a demo account with a duration of 30 days and virtual funds of $10,000. The Forex.com demo account virtual funds can be restored by contacting customer support.

Winner: CMC Markets

Account Opening

CMC Markets has no minimum deposit requirement, and they offer account currencies in GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, and SGD. Payment methods accepted by CMC Markets include wire transfers, credit/debit cards, and eWallets. They offer a range of account options, including CFD account, Stockbroking account, Spread betting account, FX active account, Corporate account, and Professional account for advanced traders.

Forex.com has a minimum deposit requirement of $100, and they offer account currencies in USD, EUR, and GBP. Payment methods accepted by Forex.com include wire transfers, credit/debit cards, and eWallets (PayPal only). They offer various account types to cater to different trading needs.

Winner: CMC Markets

Social-Copy Trading

CMC Markets offers copy-social trading directly on their CFD proprietary platform called Next Generation. Forex.com does not offer social-copy trading.

Winner: CMC Markets

Markets

CMC Markets provides access to a wide range of markets, including Forex (338), Commodities (110+), Indices (82), Crypto assets (124), Bonds (55), CFD shares and ETFs (12,500+), and Stocks, ETFs, warrants, options (35,000+). They offer both CFD and real stocks, making them suitable for both short-term and long-term investments. Forex.com offers markets in Forex (80), Commodities (12), Indices (18), Crypto assets (80), Stocks (220+), and Futures and Options (1). They primarily focus on CFD trading, making them more suitable for short-term trading and price speculation.

Winner: CMC Markets

Trading Fees

CMC Markets offers variable spreads starting from 0.7 pips on forex and from 0.3 pips on indices, which is below the market average. They also offer $0 brokerage commission on real stocks in certain markets. Forex.com offers variable spreads starting from 0.2 pips on forex, which is lower than the market average. However, the spreads may vary depending on the trader’s country.

Winner: Tie

Platforms

CMC Markets provides a proprietary platform for both CFD and real stocks trading, available via web and mobile devices. They also offer the popular MetaTrader 4 (MT4) platform. Forex.com provides a user-friendly proprietary platform available via web and mobile devices, along with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Winner: Tie

Education/Customer Care

CMC Markets provides clients with access to webinars, an ebook, podcasts, video trading, and trading guides for educational purposes. They offer easy contact options via email, phone, and live chat. Forex.com offers detailed guides, tutorials, and technical analysis courses for education. They also provide easy contact options via email, phone, and live chat, but their customer care is available only in English and Chinese.

Winner: Tie

Conclusion

In conclusion, CMC Markets and Forex.com have their respective strengths and weaknesses. CMC Markets takes the lead in terms of demo account duration, account opening, social-copy trading, market coverage, and overall market access. However, Forex.com offers competitive trading fees, a user-friendly platform with a wide range of tools, and detailed educational resources.

Considering the overall comparison, CMC Markets emerges as the preferred choice for traders seeking a broker with a wide range of markets, unlimited demo account duration, and a user-friendly platform. However, individual preferences and trading needs may vary, so it’s important to consider specific requirements before making a final decision.

Winner: CMC Markets

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.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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