CMC Markets vs AvaTrade Review
Is AvaTrade better than CMC Markets? After scoring forex brokers on nearly 100 different variables, CMC Markets is better than AvaTrade. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of offerings with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.
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 is a better option with a 5.00 star rating over AvaTrade's 3.50 star rating.
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 AvaTrade and CMC Markets are regulated in a major hub. CMC Markets is a publicly traded company, while AvaTrade is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets boasts an offering of 183 different currency pairs compared to AvaTrade's 60 available pairs.
To round out our comparison of AvaTrade 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. AvaTrade has Meta Trader, CMC Markets doesn't. 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. CMC Markets trails AvaTrade by 7 total charting tools, with AvaTrade offering 31 and CMC Markets offering 24. AvaTrade trails CMC Markets by 30 total different indicators (for example, moving averages), with CMC Markets offering 81 and AvaTrade offering 51.
CMC Markets Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.