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 FXDD.
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 received a rating of 5 stars over FXDD's 4 stars.
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. Both CMC Markets and FXDD are regulated in a major hub. CMC Markets alongside FXDD are publicly traded companies. How many currency pairs are available to trade? FXDD trails CMC Markets by 129 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and FXDD offering 54.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXDD offers Meta Trader 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. FXDD offers its clients access to 31 charting tools while CMC Markets has 24 charting tools, a difference of 7. CMC Markets boasts an offering of 81 different indicators (for example, moving averages) compared to FXDD's 51 available indicators.
Overall, CMC Markets boasts 4.5 stars versus FXDD's 3.5 stars. And, when it comes to individual category awards, both CMC Markets and FXDD found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.