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 FOREX.com (GAIN 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 is a better option with a 5.00 star rating over FOREX.com (GAIN Capital)'s 4.50 star rating.
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. Both CMC Markets and FOREX.com (GAIN Capital) are regulated in a major hub. CMC Markets alongside FOREX.com (GAIN Capital) are publicly traded companies. 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 FOREX.com (GAIN Capital) has 84 available pairs, a difference of 99.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FOREX.com (GAIN Capital) makes Meta Trader available to clients, 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 boasts an offering of 24 charting tools compared to FOREX.com (GAIN Capital)'s 22 available charting tools. FOREX.com (GAIN Capital) offers its clients access to 139 different indicators (for example, volume) while CMC Markets has 74 available indicators, a difference of 65.
Overall, both CMC Markets and FOREX.com (GAIN Capital) are rated 4.50 stars. And, when it comes to individual category awards, FOREX.com (GAIN Capital) finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education in 2018, while CMC Markets came up with Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading.