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eToro vs. CMC Markets

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eToro and CMC Markets are top online brokers with impressive trading experiences. eToro is a well-established social trading broker with a transparent fee structure. It has a premium proprietary platform, a web platform, and a social trading space. eToro has top-tier licenses from the ASIC and FCA. It is a good choice for advanced traders, as it offers limited educational tools. 

Broker NameeToroCMC Markets
Year Founded20071989
RegulationFCA, ASIC, CySECFCA, FSCS
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured ProductsForex, CFD
Min Deposit$200$0
Min Trade$0$0
PlatformsWeb, Social TradingNext Generation (desktop), Mobile
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

CMC Markets is a safe forex broker with licenses from the ASIC, IIROC, MAS, and FCA. It offers an active trader discount for professional investors. CMC Markets is a good fit for new traders because of its many learning tools. 

Both online brokers have advantages and disadvantages. This article discusses the differences between eToro and CMC Markets. 

Top findings from the eToro vs. CMC Markets review:  

  1. eToro is the leading social trading broker with impressive social trading tools and funding options. 
  1. CMC Markets offers excellent support for beginners and a proprietary platform. 
  1. Both brokers offer social trading tools and a demo account. 

We recommend eToro for professional traders as it offers premium social trading features. CMC Markets is a better choice for new traders because of its versatile learning center. 

Overall Rating

FeatureeToroCMC Markets
Overall45
Commissions & Fees45
Offering of Investments4.55
Platforms & Tools45
Mobile Trading45
Research45
Education44
Trust Score9399
WinnerYES
67% of retail CFD accounts lose money73% of retail CFD accounts lose money

Level of experience  

eToro is a professional social trading broker with top-tier tools and platforms. It offers access to market commentary, social sentiment, and an economic calendar. eToro has limited research and education tools, which is why it’s a better fit for advanced traders. 

CMC Markets offers useful data from in-house analysts and third-party sources, including MorningStar. CMC Markets offers trading discounts to professionals and some premium tools. It has many learning tools, including real-time news, webinars, and forex education. 

Fees  

eToro has a minimum initial deposit of $200, while CMC Markets doesn’t charge a fee. The average EUR/USD spread at eToro is 1, while at CMC Markets it’s 0.74. Both brokers offer an active trader discount. 

Assets  

eToro has 47 forex currency pairs, while CMC Markets offers 158 pairs. eToro provides access to 2314 CFDs, while CMC Markets has 9852 available CFDs. 

Trading platform  

eToro has a world-class social trading platform with dedicated research tools. It offers a virtual trading account, an impressive mobile app, and a proprietary platform. eToro is a top choice for professionals because of its premium tools and platforms. 

CMC Markets has a proprietary trading platform, Next Generation, and MetaTrader 4. Its platforms are safe and have a user-friendly design. Inexperienced traders access news and research through the well-designed integrations. CMC Markets has many learning tools, including beginner tutorials and forex education. 

Banking services  

Banking services are vital for a good online trading experience. eToro offers bank transfers, credit/debit cards, PayPal, and Skrill. CMC Markets has bank transfers, credit/debit cards, and PayPal funding. 

Final verdict 

eToro and CMC Markets are top online brokers. Both have strengths and weaknesses depending on your trading needs and experience. eToro is the leading social trading broker with professional tools. It’s an excellent choice for advanced traders as it offers an impressive trading experience. We recommend CMC Markets to all traders as it has both beginner-friendly and professional tools. 

eToro compared to other brokers:

eToro review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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