Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs CMC Markets.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. CMC Markets's score is 5.00 stars versus Admiral Markets's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets and CMC Markets both are regulated in a major hub. CMC Markets is a publicly traded company, Admiral Markets isn't. How many currency pairs are available to trade? CMC Markets offers its clients access to 183 different currency pairs while Admiral Markets has 55 available pairs, a difference of 128.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets has Meta Trader, CMC Markets doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets trails Admiral Markets by 7 total charting tools, with Admiral Markets offering 31 and CMC Markets offering 24. CMC Markets offers its clients access to 74 different indicators (for example, volume) while Admiral Markets has 51 available indicators, a difference of 23.
Overall, CMC Markets comes out on top with 4.50 stars over Admiral Markets's 4.00 stars. And, when it comes to individual category awards, CMC Markets finished with awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while Admiral Markets came up with Best in Class - Investor Education.