Interactive Brokers and CMC Markets are top online brokers with impressive trading experiences. Interactive Brokers is a trustworthy broker with licenses from the IIROC, SFC, FSA, MAS, FINMA, FCA, and CFTC. It offers competitive fees with a minimum deposit of $0. We recommend it for professionals, as it offers industry-leading trading tools and platforms.
CMC Markets is a safe online broker with licenses from the IIROC, MAS, FCA, and ASIC. It has an active trader discount for professional traders. CMC Markets provides access to many learning and research tools. It is a good fit for new traders because of its powerful learning center.
This article discusses the strengths and weaknesses of Interactive Brokers and CMC Markets.
|Broker Name||Interactive Brokers||CMC Markets|
|Regulation||SEC (USA), FCA (UK)||FCA, FSCS|
|Tradable Assets||Stock, ETF, Forex, Fund, Bond, Options, Futures, |
CFD, Crypto, Warrants, Structured Products
|Platforms||Traders Workstation (TWS)||Next Generation (desktop), Mobile|
|Deposit||You can open account without deposit||Free of charge|
|Withdrawals||Free of charge for the first withdrawal in calendar month||Free of charge|
Top findings from the Interactive Brokers vs. CMC Markets review:
- Interactive Brokers offers a professional trading experience with premium tools and platforms.
- CMC Markets offers a versatile portfolio and a reliable learning center for beginners.
- Both brokers have a demo account, an active trader discount, and a $0 minimum deposit.
We recommend Interactive Brokers for professionals, as it has access to many premium tools. CMC Markets is an excellent choice for new traders because of its dedicated learning center.
|Feature||Interactive Brokers||CMC Markets|
|Commissions & Fees||4.5||5|
|Offering of Investments||5||5|
|Platforms & Tools||4.5||5|
|66% of retail CFD accounts lose money||67% of retail CFD accounts lose money|
Level of experience
Interactive Brokers offers Trading Central and forex news. It has some educational tools, including webinars and investor dictionaries. This broker is a top choice for professionals, as it offers many advanced tools.
CMC Markets offers market data from third-party sources, including Morningstar. It has in-house analysts who offer insights through its web interface. CMC Markets has an impressive learning center with real-time news, webinars, and forex education. It is a good fit for new traders.
Both brokers have a minimum initial deposit of $0. They follow a transparent fee policy and provide an active trader discount.
CMC Markets has 158 forex currency pairs, while Interactive Brokers offers 105 pairs. CMC Markets provides access to 9852 CFDs, while Interactive Brokers has 7400 available CFDs.
Interactive Brokers has an excellent trading experience with desktop and web platforms. It offers access to some educational materials, including professional trading videos. We recommend it for advanced traders, as it has premium platforms and tools.
CMC Markets provides a proprietary platform, Next Generation, and MetaTrader4. Its proprietary platforms are easy to learn and secure. Beginners access news and research integration. CMC Markets has many learning tools, including beginner tutorials. It is an excellent choice for inexperienced traders.
Banking services are essential for an excellent online trading experience. Interactive Brokers offers bank wire as its funding solution. CMC Markets has bank transfers, credit/debit cards, and PayPal funding.
Interactive Brokers and CMC Markets are top online brokers. Both have advantages and disadvantages depending on your needs and trading experience. We recommend Interactive Brokers to experienced traders who want access to a premium platform. CMC Markets is a better choice for new traders, as it has many learning materials.
Interactive Brokers compared to other brokers:
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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.