CMC Markets vs. FXCM Comparison

This contrast overview helps individuals who battle to pick in between CMC Markets and FXCM to locate the very best online broker for their trading and financial investment requirements. It evaluates the highlights of the two brokers alongside to assist customers contrast their solution and make a notified choice.

To assist individuals choose the ideal broker in between CMC Markets and FXCM to find the best-suited system, below is a checklist of broker’s advantages and disadvantages, adhered to by a contrast of their primary trading attributes, consisting of trading systems & devices, fees, mobile trading, deposit & withdrawal, possessions, law, and client support.

CMC Markets vs. FXCM: Summary

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).

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

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)

Pros

  • Low minimum deposit ($50)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

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

Key features

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

CMC Markets vs. FXCM Comparison

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CMC Markets logo

CMC Markets

Open account Read review

65% of retail CFD accounts lose money

FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

CMC Markets logo
FXCM logo

Overall rating

4,0/5

4,0/5

Overall rating

4,0/5

4,0/5

Trading Platform & Tools

4.2

4.7

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.7

3.4

See details
Withdrawal Fee 0 $40
Deposit Fee 0 0
Inactivity Fee $50 per year after 12 months
Cost Per Trade 0 0
Cost Per Month £10 0
Forex (EUR/USD) 0.7 pips 0.2 pips
Stocks & ETF 0 0
CFD (Gold) 3.4 pips 0.5 pips
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.9

2.5

See details
Minimum deposit (in UAE) 0 $300
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.2

2.0

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 330 45
CFD Indices & Funds 98 15
CFD Stocks 9500 219
CFD Commodities 100 12
CFD Crypto 0 7
CFD Bonds 50 1
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

4.3

5.0

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

Customer Support

4.5

4.5

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

Winner

CMC Markets vs. FXCM Comparison Conclusion

The results of our comparison of CMC Markets vs. FXCM are wrapped up in the table listed below.

Broker:Best For:
CMC MarketsForex and CFDs
FXCMForex and CFDs; Algorithmic trading

Selecting the right option between CMC Markets and FXCM can be tough. Both online brokers have similarities yet differ relating to trading instruments, systems & apps, regulation, down payment & withdrawals, and research study and education and learning. Selecting the best broker relies on customers’ trading & investment goals, private 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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