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CMC Markets vs IC Markets: Comparison and Analysis

Trying to figure out whether to use CMC Markets or IC Markets? 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 IC Markets 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
74-89% of retail CFD accounts lose money
IC Markets review

Overall Ratings


Rated
79
Rated
91

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

  • CMC Markets
  • IC Markets

Security 95
Security 93

Cost 58
Cost 85

Trading 75
Trading 100

Education 81
Education 66

Company Info


Foundation
1989
2007
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, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

Leverage


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

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
19551
SimilarWeb - Total Visits
117889
Facebook Likes
28984
54458
Twitter Likes
3276
Instagram Likes
14397

Deposit and Withdrawal


Minimum Deposit ?
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, Broker to Broker, FasaPay, Klarna, POLi, RapidPay, THAI Internet Banking, UnionPay, Vietnamese Internet Banking, Bitcoin Wallet
Deposit Waiting Time ?
1-2 business days
instant
Withdraw Waiting Time ?
1-2 business days
1 business day
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
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
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
0.010
Natural Gas ?
0.3
0.001
Silver ?
2.5
Platinum ?
10.0
Copper ?
2.0
Soybeans ?
0.9
1.35
Corn ?
1.5
0.6
Gold ?
0.3

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
0.1
USD/JPY Average Spread
0.7
0.2
USD/CHF Average Spread
1.5
0.5
GBP/USD Average Spread
0.9
0.4
USD/CAD Average Spread
1.7
0.5
AUD/USD Average Spread
0.7
0.2
NZD/USD Average Spread
1.8
0.4
EUR/GBP Average Spread
1.1
0.4

Fees on Stocks


Apple
0.02
Facebook
0.02
Alphabet
0.02
Snapchat
0.02
BP
0.02
Tesco
0.02
Barclays
Lloyds

Fees on Indices


FTSE100
1.0
1.0
S&P500
5.0
0.6
Dow Jones
3.0
Nasdaq
1.0
CAC40
1.0
1.0
DAX30
3.0
0.950
Nikkei 225
7.0
6.0
Euro Stoxx 50
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
1.4
4.0
Ripple
40.0
0.015
Litecoin
45.0
3.0
Bitcoin Cash
1.8
5.0
Dash
5.0
4.0
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, dan, de, ne, pol, afrk, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
339
63
Crypto ?
339
63
Commodities ?
111
21
Stocks ?
9451
1650
Indices ?
46
25
ETF ?
Futures ?
1
4
Options ?
1
Bonds ?
1
7
Metal ?
2
7
Agricultural ?
10
6
Energies ?
4
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
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
51
Number Chart Drawing Tools ?
24
31
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, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it

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 IC Markets: A Comprehensive Comparison

When it comes to choosing a broker for trading, there are several factors to consider. In this comparison, we will compare two popular brokers – CMC Markets and IC Markets – based on various parameters to help you make an informed decision.

Security:

Both CMC Markets and IC Markets are regulated by reputable regulatory bodies, including ASIC and FCA for CMC Markets, and CySEC and ASIC for IC Markets. However, CMC Markets has a higher security rating of 95 compared to IC Markets’ 93.

Demo Accounts:

Both brokers offer unlimited demo accounts. While CMC Markets offers virtual funds of $10,000, IC Markets allows traders to choose the amount (up to $5,000,000). CMC Markets also allows traders to open multiple demo accounts with the same email, whereas IC Markets restores virtual funds only through customer support.

Account Opening:

Both brokers offer a variety of account options, including CFD, real stocks, spread betting, and professional accounts for advanced traders. CMC Markets has no minimum deposit requirement, while IC Markets suggests a minimum deposit of $200. CMC Markets offers a wider range of account currencies, while IC Markets supports several local payment methods, such as Union Pay in China and POLi in Australia.

Social/Copy Trading:

CMC Markets offers copy-social trading directly on their proprietary platform called Next Generation, while IC Markets allows traders to engage in copy trading through third-party platforms like ZuluTrade.

Markets:

CMC Markets offers a wider range of markets, including forex, commodities, indices, crypto assets, bonds, CFD shares and ETFs, stocks, warrants, and options. On the other hand, IC Markets offers a limited range of markets, including forex, commodities, indices, crypto assets, and stocks.

Trading Fees:

Both brokers offer variable spreads, with CMC Markets’ spreads starting from 0.7 pips on forex and 0.3 pips on indices, and IC Markets’ spreads starting from 0 pips on forex. CMC Markets charges no brokerage commission on several markets, including the US, UK, Canada, and Japan, and no commission on Aussie shares up to $1,000 per stock per trading day. IC Markets charges a commission of up to $7 per lot traded. IC Markets also charges variable spreads on stocks, while CMC Markets charges no brokerage commission on some stock markets.

Platforms:

CMC Markets offers a proprietary platform for both CFD and real stocks trading, along with the popular MetaTrader 4 (MT4) platform. IC Markets, on the other hand, offers MT4, MT5, and cTrader platforms, but no proprietary platform. IC Markets also offers VPS services and allows traders to engage in algo trading.

Education/Customer Care:

Both brokers offer a wide range of educational materials, including webinars, podcasts, ebooks, and trading guides. CMC Markets has a more extensive customer care network, offering easy contact via email, phone, and live chat. IC Markets, on the other hand, offers customer support in over 18 languages.

Conclusion:

Overall, CMC Markets and IC Markets are both reputable brokers with their unique strengths and weaknesses. CMC Markets offers a wider range of markets and more account options, making it a good choice for both short-term and long-term investments. IC Markets, on the other hand, has lower spreads and commissions, making it a better option for scalping. Traders should consider their individual trading needs and preferences when choosing between these two brokers.

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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