After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare CMC Markets vs ETX Capital .
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. CMC Markets received a rating of 5 stars over ETX Capital 's 4 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CMC Markets and ETX Capital both are regulated in a major hub. CMC Markets is a publicly traded company while ETX Capital is not. As far as how many currency pairs are available for trading, here's the answer. CMC Markets offers its clients access to 183 different currency pairs while ETX Capital has 59 available pairs, a difference of 124.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. ETX Capital offers Meta Trader while CMC Markets does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. CMC Markets trails ETX Capital by 7 total charting tools, with ETX Capital offering 31 and CMC Markets offering 24. ETX Capital trails CMC Markets by 30 total different indicators (for example, moving averages), with CMC Markets offering 81 and ETX Capital offering 51.
Overall, CMC Markets takes the upper hand with 4.5 stars over ETX Capital 's 3.5 stars. And, when it comes to individual category awards, unfortunately, neither CMC Markets nor ETX Capital received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.