Page Summary
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.
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eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
CMC Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 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
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | £10 |
| Forex (EUR/USD) | 1.1 pip | 0.7 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 5 pip | 3.4 pips |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $50 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex | 49 | 330 |
| CFD Indices & Funds | 250 | 98 |
| CFD Stocks | 2800 | 9500 |
| CFD Commodities | 54 | 100 |
| CFD Crypto | 32 | 0 |
| CFD Bonds | 0 | 50 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
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:
- eToro is the leading social trading broker with impressive social trading tools and funding options.
- CMC Markets offers excellent support for beginners and a proprietary platform.
- 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.
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 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:
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.