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FOREX.com vs CMC Markets 2019

Is CMC Markets better than FOREX.com? After assessing the best forex brokers on nearly 100 different variables, CMC Markets is better than FOREX.com. 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.

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Overall Rating

Feature FOREX.com CMC Markets
Overall 4 4.5
FOREX.com Review CMC Markets Review
69% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature FOREX.com CMC Markets
Trust Score 93 99
Year Founded
1999 1989
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 4
Tier-2 Licenses
0 2
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature FOREX.com CMC Markets
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
91 180
CFDs - Total Offered
4500 9848
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4
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Cost

Feature FOREX.com CMC Markets
Average Spread EUR/USD - Standard
1 (as of Q3 19) 0.81 (as of Oct 19)
All-in Cost EUR/USD - Active
0.7 (as of Q3 18) 0.81 (as of Oct 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 5
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Funding

Feature FOREX.com CMC Markets
Minimum Initial Deposit
$50.00 $0.00
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 FOREX.com CMC Markets
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature FOREX.com CMC Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 8
Charting - Indicators / Studies (Total)
139 79
Charting - Drawing Tools (Total)
25 24
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4.5
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Mobile Trading

Feature FOREX.com CMC Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
7 23
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes
Mobile Trading 4 4
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Research

Feature FOREX.com CMC Markets
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
Yes No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4.5 4.5
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Education

Feature FOREX.com CMC Markets
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature FOREX.com CMC Markets
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 FOREX.com CMC Markets
FOREX.com Review CMC Markets Review
Overall 4 4.5
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare CMC Markets vs FOREX.com.

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 5.00 stars over FOREX.com's 4.50 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. Both CMC Markets and FOREX.com are regulated in a major hub. Both CMC Markets and FOREX.com are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. FOREX.com trails CMC Markets by 89 total currency pairs (for example, EUR/USD), with CMC Markets offering 180 and FOREX.com offering 91.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. CMC Markets alongside FOREX.com offer Meta Trader. 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. FOREX.com boasts an offering of 25 charting tools compared to CMC Markets's 24 available charting tools. FOREX.com offers its clients access to 139 different indicators (for example, volume) while CMC Markets has 79 available indicators, a difference of 60.

CMC Markets Review
FOREX.com Review


Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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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