Home Brokers Comparison XM Group vs. CMC Markets

XM Group vs. CMC Markets

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XM Group and CMC Markets are leading online brokers with outstanding trading experiences. XM is a MetaTrader broker with straightforward platforms and tools. It has top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM stands out because of its leading educational content. We recommend it for new traders who want to improve their trading knowledge and skills. 

CMC Markets is a trustworthy online broker with IIROC, MAS, FCA, and ASIC licenses. It offers an active trader discount for professional investors. CMC Markets has useful learning and research tools. We recommend it for both beginner and experienced investors. 

Broker NameXM GroupCMC Markets
Year Founded20091989
RegulationASIC, FCA, CySEC, IFSCFCA, FSCS
Tradable AssetsForex, CFDForex, CFD
Min Deposit$5-100$0
Min Trade$0$0
PlatformsMT4, MT5Next Generation (desktop), Mobile
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. CMC Markets review:  

  1. XM offers access to leading educational content. 
  1. CMC Markets offers a versatile portfolio and learning center for traders at all levels. 
  1. Both brokers offer a virtual trading account to test their offering. 

We recommend XM Group for new traders, as it has many learning and research tools. CMC Markets is an excellent choice for traders at all levels. 

Level of experience  

XM offers an excellent online trading experience with the complete MetaTrader suite. This suite comes with user-friendly tools, investor trading support, and a demo account. XM is a good choice for new investors as it has valuable learning materials. 

CMC Markets offers market data from third-party sources, including Morningstar. It has in-house analysts who provide insights through its web interface. CMC Markets has both beginner-friendly and professional tools like webinars and real-time news. 

Fees  

The minimum deposit fee at XM starts at $5, while CMC Markets doesn’t charge a fee. The average EUR/USD spread at XM is 1.6, while at CMC Markets is 0.74. CMC Markets offers an active trader discount, while XM doesn’t. 

Assets  

CMC Markets has 158 forex currency pairs, while XM offers 57 pairs. CMC Markets provides access to 9852 CFDs, while XM has 1372 available CFDs. 

Trading platform  

XM is a leading MetaTrader broker without a proprietary platform. It offers the MT4 and MT5 suites with customizable and user-friendly tools. XM has a comprehensive research center with trading signals and tutorials. This broker offers diverse educational content, which is why we recommend it for beginners. 

CMC Markets has a proprietary platform, Next Generation, and MetaTrader4. Its proprietary platform is easy to learn and secure. CMC Markets has many learning tools, including beginner tutorials. It offers professional research tools, which is why we recommend it for traders at all levels. 

Banking services  

Banking services contribute to an excellent online trading experience. XM Group offers bank wire, credit/debit cards, and Skrill. CMC Markets has bank wire, credit/debit cards, and PayPal. 

Final verdict  

XM Group and CMC Markets are leading online brokers in 2021. Both have strengths and weaknesses depending on your trading skills, experience, and goals. We recommend XM Group for new investors because of its many educational resources. CMC Markets is a good fit for traders at all levels who want access to valuable trading information. 

XM compared to other brokers:

XM 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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