Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare CMC Markets vs Forex.com (GAIN Capital).
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed 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.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. CMC Markets and Forex.com (GAIN Capital) both are regulated in a major hub. CMC Markets alongside Forex.com (GAIN Capital) are publicly traded companies. How many currency pairs are available to trade? Forex.com (GAIN Capital) trails CMC Markets by 99 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and Forex.com (GAIN Capital) offering 84.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Forex.com (GAIN Capital) makes Meta Trader available to clients, while CMC Markets does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Forex.com (GAIN Capital) boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. CMC Markets boasts an offering of 74 different indicators (for example, moving averages) compared to Forex.com (GAIN Capital)'s 51 available indicators.
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) was rated Best in Class - Research and Best in Class - Investor Education in 2018, while CMC Markets was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading.