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CMC Markets vs FXCM 2019

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Is CMC Markets better than FXCM? After scoring forex brokers on nearly 100 different variables, CMC Markets is better than FXCM. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of offerings 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.

Overall Rating

Feature CMC Markets FXCM
Overall 4.5 4
CMC Markets Review FXCM Review
75% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature CMC Markets FXCM
Trust Score 98 90
Year Founded
1989 1999
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 3
Tier-2 Licenses
2 2
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Tier-2 Licenses

Feature CMC Markets FXCM
CBRC Authorised (China)
Yes No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No Yes
FMA Authorised (New Zealand)
Yes No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No Yes
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature CMC Markets FXCM
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature CMC Markets FXCM
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
183 39
CFDs - Total Offered
9959 24
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 3
Winner check_circle

Cost

Feature CMC Markets FXCM
Average Spread EUR/USD - Standard
0.744 (as of Sep 18) 1.3 (as of Apr -Jun 18)
All-in Cost EUR/USD - Active
0.744 (as of Sep 18) 0.8 (as of Nov 18)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 5 3.5
Winner check_circle

Funding

Feature CMC Markets FXCM
Minimum Initial Deposit
$0.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature CMC Markets FXCM
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)
No No
cTrader
No No

Trading Tools

Feature CMC Markets FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
8 7
Charting - Indicators / Studies (Total)
81 51
Charting - Drawing Tools (Total)
24 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 4.5
Winner check_circle

Mobile Trading

Feature CMC Markets FXCM
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
23 30
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 CMC Markets FXCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
No No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

Feature CMC Markets FXCM
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature CMC Markets FXCM
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
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature CMC Markets FXCM
CMC Markets Review FXCM Review
Overall 4.5 4
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 FXCM.

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 FXCM's 3.50 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 alongside FXCM are regulated in a major hub. CMC Markets alongside FXCM are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets offers its clients access to 183 different currency pairs while FXCM has 39 available pairs, a difference of 144.

To round out our comparison of CMC Markets vs FXCM, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FXCM has Meta Trader, CMC Markets doesn't. 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. FXCM boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. CMC Markets boasts an offering of 81 different indicators (for example, moving averages) compared to FXCM's 51 available indicators.

CMC Markets Review
FXCM 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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