Charles Schwab vs. CMC Markets Comparison

This contrast guide assists individuals that struggle to pick in between Charles Schwab and CMC Markets to locate the most effective online broker for their trading and investment needs. It analyzes the highlights of both brokers side-by-side to aid customers contrast their solution and make an educated decision.

To assist individuals select the ideal broker between Charles Schwab and CMC Markets to discover the best-suited platform, below is a list of broker’s advantages and disadvantages, adhered to by a contrast of their main trading functions, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, assets, law, and consumer assistance.

Charles Schwab vs. CMC Markets: Summary

Charles Schwab logo

Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.

Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.

Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.

Charles Schwab’s customer support is available by phone, email and live chat 24/7.

CMC Markets logo

CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.

CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.

CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.

CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).

Pros

  • Low minimum deposit ($0)
  • $0 commission stock, ETF and mutual funds
  • Excellent research tools and education materials
  • Responsive customer support with 24/7 access
  • Fast & reliable trade execution 

Cons

  • Limited beginner features 
  • Expensive managed accounts and financial advice 

Pros

  • Low minimum deposit ($0)
  • Low average spreads from 0.73 pips EUR/USD
  • Fast and reliable trade execution
  • Great research tools and educational materials
  • Bonus and rebate program

Cons

  • High stock trading fees
  • Customer service availability is limited (24/5)

Key features

  • $0 commission stock and ETF trading 
  • Access to over 3,000 US stocks
  • Multiple advanced order types 
  • In-house reports from Morningstar and Credit Suisse
  • Google Assistant Integration
  • Robo-advisor and financial advisors available

Key features

  • Competitive forex spreads
  • MT4 Compatibility
  • Access to 338 forex pairs and 9,000 shares
  • Comprehensive market research tools
  • Beginners and advanced trading features
  • Competitive pricing

Charles Schwab vs. CMC Markets Comparison

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Charles Schwab logo

Charles Schwab

CMC Markets logo

CMC Markets

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BROKER COMPARISON

Charles Schwab logo
CMC Markets logo

Overall rating

4,1/5

4,0/5

Overall rating

4,1/5

4,0/5

Trading Platform & Tools

4.4

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

5.0

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 £10
Forex (EUR/USD) 0 0.7 pips
Stocks & ETF 0 0
CFD (Gold) 0 3.4 pips
Crypto 0 0
Options US$0.65 per options contract 0
Conversion Fees
Misc. Fees
Overnight Fees

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

1.9

See details
Minimum deposit (in UAE) $25.000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

3.2

See details
Shares 11.438 0
ETF & Funds 2.600 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 8 exchanges 0
Futures 8 exchanges 0
Bonds 36.000 0
Forex Instruments 0 330
CFD Indices & Funds 0 98
CFD Stocks 0 9500
CFD Commodities 0 100
CFD Crypto 0 0
CFD Bonds 0 50
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Charles Schwab vs. CMC Markets Comparison Conclusion

The results of our comparison of Charles Schwab vs. CMC Markets are involved the table below.

Broker:Best For:
Charles SchwabStocks and ETFs
CMC MarketsForex and CFDs

Selecting the best choice between Charles Schwab and CMC Markets can be hard. Both on-line brokers have similarities however differ concerning trading instruments, platforms & applications, guideline, deposit & withdrawals, and research and education and learning. Choosing the best broker relies on customers’ trading & investment objectives, specific preferences, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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