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CMC Markets vs FOREX.com 2021

Is CMC Markets better than FOREX.com? In our analysis of 23 international regulators across 50 brokers, CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. FOREX.com is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.


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.

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Overall Rating

Feature CMC Markets FOREX.com
Overall 5 4.5
Commissions & Fees 5 3.5
Offering of Investments 5 5
Platforms & Tools 5 4.5
Mobile Trading 5 4.5
Research 5 4
Education 4 4
Trust Score 99 99
CMC Markets Review FOREX.com Review
72% of retail CFD accounts lose money 77% of retail CFD accounts lose money

Regulation

Feature CMC Markets FOREX.com
Trust Score 99 99
Year Founded
1989 1999
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 4
Tier-2 Licenses
2 1
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

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

Tier-2 Licenses (Average Trust)

Feature CMC Markets FOREX.com
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
Yes No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature CMC Markets FOREX.com
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature CMC Markets FOREX.com
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
11927 4500
Forex Pairs (Total)
158 91
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
Yes No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No

Cost

Feature CMC Markets FOREX.com
Average Spread EUR/USD - Standard
0.74 (August 2020) 1.1 (US August 2021)
All-in Cost EUR/USD - Active
0.64 (August 2020) 1.1 (August 2021)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
No No
Execution: Market Maker
Yes Yes

Funding

Feature CMC Markets FOREX.com
Minimum Deposit
$0.00 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature CMC Markets FOREX.com
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature CMC Markets FOREX.com
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
9 18
Charting - Indicators / Studies (Total)
86 139
Charting - Drawing Tools (Total)
40 25
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature CMC Markets FOREX.com
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
29 88
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

Feature CMC Markets FOREX.com
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
Autochartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature CMC Markets FOREX.com
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature CMC Markets FOREX.com
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 FOREX.com
Overall 5 4.5
Commissions & Fees 5 3.5
Offering of Investments 5 5
Platforms & Tools 5 4.5
Mobile Trading 5 4.5
Research 5 4
Education 4 4
Trust Score 99 99
CMC Markets Review FOREX.com Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs FOREX.com.

Does CMC Markets or FOREX.com 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 FOREX.com 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. Both CMC Markets and FOREX.com hold 4 global Tier-1 licenses. CMC Markets holds 2 global Tier-2 licenses, while FOREX.com holds 1. In our analysis of 23 international regulators across 50 brokers, CMC Markets and FOREX.com earned the same Trust Score.

Which trading platform is better: CMC Markets or FOREX.com?
To compare the trading platforms of both CMC Markets and FOREX.com, 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. While CMC Markets offers copy trading, FOREX.com does not. Both CMC Markets and FOREX.com offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to FOREX.com's 91 available pairs. Forex pairs aside, CMC Markets offers traders access to 11927 CFDs while FOREX.com has 4500 available CFDs, a difference of 7,427.

Can I trust CMC Markets?
CMC Markets is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

Can I trust FOREX.com?
FOREX.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is CMC Markets good?
CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting.

Is FOREX.com good?
FOREX.com delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, FOREX.com caters to traders of all experience levels.

Overall winner: CMC Markets

Read Next: Best Forex Brokers 2021


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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 website as of 12/14/2020 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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