Written by ForexBrokers.com
In this head to head comparison of CMC Markets vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CMC Markets and FXGT.com are two notable online brokers offering trading services, but they differ significantly in their regulatory standings and trust ratings. Established in 1989, CMC Markets is a publicly traded company known for its extensive regulatory oversight, boasting five Tier-1 licenses, which reflects a high level of trust. With a Trust Score of 99 from ForexBrokers.com, CMC Markets is considered a highly trusted broker, ensuring a secure environment for its clients.
In contrast, FXGT.com is a relatively new entrant to the industry, founded in 2019, and is not publicly traded. It holds one Tier-1 license and one Tier-2 license, indicating a lower level of regulatory assurance compared to CMC Markets. FXGT.com receives a Trust Score of 69 from ForexBrokers.com, suggesting it falls into the high-risk category. Both brokers are not banks, but CMC Markets offers a more secure and regulated trading experience.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 1989 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When it comes to trading costs, CMC Markets has set a high standard. Ranked #1 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com, CMC Markets offers a consistent edge with a rating of 5 stars. Their competitive average spreads, such as 0.61 pips on the EUR/USD, set them apart in the industry. A standout feature is their Price Plus Scheme, benefiting active traders with tiered discounts based on collected Trading Points. Additionally, their FX Active pricing model, available in selected regions, further enhances their appeal by combining minimal spreads with a competitive commission, totaling an all-in cost of 0.5 pips for popular currency pairs.
In contrast, FXGT.com holds a ranking of #56 in the same category, earning a 3.5-star rating. While specific average spread data for FXGT.com is not publicly available, this position indicates a room for improvement compared to top players like CMC Markets. Details on their commission structure and fees are less comprehensive, making it challenging for traders to fully understand their cost implications.
When choosing between CMC Markets and FXGT.com for trading, CMC Markets stands out as the more cost-effective option for most traders due to its transparent pricing, low spreads, and incentives for active traders. While FXGT.com may offer other benefits, those focused on minimizing trading costs are likely to find CMC Markets a more attractive choice.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing CMC Markets and FXGT.com for their range of investment options, CMC Markets clearly stands out with an impressive offering. With 11,925 tradeable symbols and 156 forex pairs, CMC Markets provides a vast selection for traders. Furthermore, it offers exchange-traded securities on both U.S. and international exchanges, allowing investors to buy shares of prominent companies like Apple and Vodafone. In addition to traditional securities, CMC Markets supports forex trading, cryptocurrency derivatives, and copy trading, providing a comprehensive investment landscape.
On the other hand, FXGT.com presents a narrower selection, with only 117 tradeable symbols and 53 forex pairs. Unlike CMC Markets, FXGT.com doesn't offer exchange-traded securities on U.S. or international exchanges, limiting options for those interested in direct stock investments. While it does support forex trading, cryptocurrency derivatives, and copy trading, its range of investments is comparatively modest. This difference is reflected in CMC Markets’ higher rankings and ratings for investment diversity, receiving five stars and ranking 9th out of 63 brokers, whereas FXGT.com earns three stars and ranks 61st in the same category.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 117 |
| Forex Pairs (Total) | 156 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, CMC Markets seems to offer a more comprehensive experience compared to FXGT.com. Both brokers offer free virtual demo accounts allowing traders to practice without risk. However, CMC Markets sets itself apart with its proprietary trading platform, while FXGT.com lacks a uniquely developed in-house solution. Both brokers provide MetaTrader platforms, including MT4 and MT5, and support trading directly from stock charts. CMC Markets also delivers a more enriched charting experience with 40 drawing tools, compared to FXGT.com's 23, and is more generous in its watch list features, offering 11 columns compared to FXGT.com's 5.
The differences are reflected in user ratings, with CMC Markets earning 5 stars for its trading platforms and tools, whereas FXGT.com garners 4 stars. ForexBrokers.com's rankings place CMC Markets at a commendable 4th out of 63 brokers in this category, showcasing its strong reputation. By contrast, FXGT.com stands at the 56th position, indicating a more moderate performance. Despite offering several similar features, CMC Markets clearly excels in providing a richer and more tailored trading platform experience.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 79 | 37 |
| Charting - Drawing Tools (Total) | 40 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both CMC Markets and FXGT.com offer options for iPhone and Android users. They provide essential features such as stock and forex price alerts, the ability to create watchlists with real-time quotes, and syncing between mobile apps and online accounts. This means changes made on one platform will automatically reflect on the other, making tracking investments seamless. Additionally, both apps allow traders to draw trendlines and view multiple timeframes on charts, with automatic saving of drawings for future reference.
In terms of charting capabilities, CMC Markets offers 29 technical studies while FXGT.com offers 30. Despite the slight edge in technical studies, CMC Markets earns a higher user rating of 5 stars compared to FXGT.com's 3.5 stars. Furthermore, CMC Markets is ranked 5th out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, showcasing its strong industry reputation. In contrast, FXGT.com sits at the 58th position. Overall, both apps are equipped to meet basic trading needs, but CMC Markets stands out in user satisfaction and industry recognition.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 29 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings between CMC Markets and FXGT.com, several distinctions stand out. CMC Markets provides its users with daily market commentary, ensuring traders stay updated with the latest trends and movements. Additionally, they offer forex news sourced from renowned outlets like Bloomberg and Reuters. On the other hand, FXGT.com does not provide daily market commentary or access to such top-tier news sources. Both brokers offer a sentiment-based trading tool, which illustrates the balance of long and short positions for various instruments, helping traders gauge market sentiment.
In terms of technical and fundamental analysis tools, CMC Markets has integrated services from Autochartist, enhancing traders' capabilities with reliable research insights. Unfortunately, FXGT.com does not offer tools from Autochartist. Meanwhile, neither broker supports Trading Central or TipRanks, nor do they use Acuity Trading's research tools. An economic calendar is available on both platforms, guiding traders through important global news events. Reflecting these offerings, CMC Markets boasts a research rating of 5 stars and is ranked 6th among 63 brokers by ForexBrokers.com, highlighting its comprehensive market research suite. FXGT.com, however, rated at 3 stars, ranks 56th, indicating a more limited research landscape for traders.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, CMC Markets clearly outshines FXGT.com. CMC Markets provides an extensive collection of over 10 educational materials focusing on forex and CFDs, including articles, videos, and a searchable archive of recorded webinars. Although neither CMC Markets nor FXGT.com offers live webinars on a regular basis, CMC Markets compensates by offering a rich library of beginner and advanced educational videos, making it a great starting point for novices eager to learn. Additionally, CMC Markets enhances understanding with an investor dictionary that explains over 50 investment terms—a feature also available with FXGT.com.
Despite both platforms offering an investor dictionary, CMC Markets significantly surpasses FXGT.com in overall educational content. With a perfect 5-star rating for its educational offerings, it ranks 10th out of 63 brokers according to ForexBrokers.com. In contrast, FXGT.com, which lacks extensive educational resources for both beginners and advanced traders, receives a modest rating of 3 stars and sits at 60th in the same rankings. This makes CMC Markets a preferred choice for those seeking comprehensive educational support in the world of online trading.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that CMC Markets is better than FXGT.com. CMC Markets finished with an overall rank of #4, while FXGT.com finished with an overall rank of #59.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 99 | 69 |
| Range of Investments |
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Both CMC Markets and FXGT.com provide options for trading cryptocurrency derivatives, but neither platform offers the ability to purchase actual, delivered cryptocurrencies.
When comparing the online brokers CMC Markets and FXGT.com, both platforms support ACH and SEPA transfers, Visa or Mastercard, and bank wire options for depositing or withdrawing funds, while only CMC Markets offers PayPal, and neither supports Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | CMC Markets | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | CMC Markets Review |
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| Regulation | CMC Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1989 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | CMC Markets | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | CMC Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 117 | |
| Forex Pairs (Total) | 156 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | CMC Markets | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | CMC Markets | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 5 | |
| Charting - Indicators / Studies (Total) | 79 | 37 | |
| Charting - Drawing Tools (Total) | 40 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 29 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | CMC Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | CMC Markets | FXGT.com | |
|---|---|---|---|
| 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 | |
| Review | CMC Markets Review |
| Overall | CMC Markets | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | CMC Markets Review |
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