To find the top
fx brokers, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Admiral Markets vs CMC Markets.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets received a rating of 5.00 stars over Admiral Markets's 3.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both Admiral Markets and CMC Markets are regulated in a major hub. CMC Markets is a publicly traded company, Admiral Markets isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Admiral Markets trails CMC Markets by 128 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and Admiral Markets offering 55.
To round out our comparison of Admiral Markets vs CMC Markets, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Admiral Markets offers Meta Trader while CMC Markets does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Admiral Markets boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. CMC Markets boasts an offering of 81 different indicators (for example, moving averages) compared to Admiral Markets's 51 available indicators.
Overall, CMC Markets takes the upper hand with 4.50 stars over Admiral Markets's 4.00 stars. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while CMC Markets found itself with none of these.