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FOREX.com vs CMC Markets 2020

Is CMC Markets better than FOREX.com? After scoring 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 70.5% 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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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 4.5
Winner check_circle

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
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare CMC Markets vs FOREX.com.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets received a rating of 5.00 stars over FOREX.com's 4.50 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. CMC Markets and FOREX.com both are regulated in a major hub. CMC Markets alongside FOREX.com are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets boasts an offering of 180 different currency pairs compared to FOREX.com's 91 available pairs.

To round out our comparison of CMC Markets vs FOREX.com, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both CMC Markets and FOREX.com offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. CMC Markets trails FOREX.com by 1 total charting tools, with FOREX.com offering 25 and CMC Markets offering 24. CMC Markets trails FOREX.com by 60 total different indicators (for example, moving averages), with FOREX.com offering 139 and CMC Markets offering 79.

CMC Markets Review
FOREX.com Review


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 web site as of 01/15/2020 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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