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CMC Markets vs eToro 2020

Is CMC Markets better than eToro? After testing 30 of the best forex brokers over five months, CMC Markets is better than eToro. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature CMC Markets eToro
Overall 5 4
CMC Markets Review eToro Review
79% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature CMC Markets eToro
Trust Score 99 91
Year Founded
1989 2007
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
4 2
Tier-2 Licenses
2 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature CMC Markets eToro
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature CMC Markets eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
180 47
CFDs - Total Offered
9848 2314
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 5 4.5
Winner check_circle

Cost

Feature CMC Markets eToro
Average Spread EUR/USD - Standard
0.81 (as of Oct 19) 1 (August 2020)
All-in Cost EUR/USD - Active
0.81 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 5 3.5
Winner check_circle

Funding

Feature CMC Markets eToro
Minimum Initial Deposit
$0.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature CMC Markets eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature CMC Markets eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
8 6
Charting - Indicators / Studies (Total)
79 66
Charting - Drawing Tools (Total)
24 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 4
Winner check_circle

Mobile Trading

Feature CMC Markets eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
23 5
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4.5 4
Winner check_circle

Research

Feature CMC Markets eToro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 5 4
Winner check_circle

Education

Feature CMC Markets eToro
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature CMC Markets eToro
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature CMC Markets eToro
CMC Markets Review eToro Review
Overall 5 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs eToro.

Does CMC Markets or eToro offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.

Is CMC Markets or eToro safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. CMC Markets holds 4 global Tier-1 licenses, while eToro holds 2. CMC Markets holds 2 global Tier-2 licenses, while eToro holds 1. All regulators considered, CMC Markets has a Trust Score of 99.00, while eToro's Trust Score is 91.00.

Which trading platform is better: CMC Markets or eToro?
To compare the trading platforms of both CMC Markets and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. CMC Markets and eToro both offer copy trading. CMC Markets offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
CMC Markets provides traders 180 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, CMC Markets offers traders access to 9848 CFDs while eToro has 2314 available CFDs, a difference of 7,534.

Overall, between CMC Markets and eToro, CMC Markets is the better forex broker.

CMC Markets Review
eToro Review

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Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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.

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