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, established in 1989 and listed on a stock exchange, stands out with a solid reputation in the online brokerage landscape. With an impressive Trust Score of 99 out of 99 from ForexBrokers.com, it is regarded as highly trustworthy. CMC Markets holds six Tier-1 licenses, affirming its strong regulatory compliance. While it is not a bank, its extensive market experience and high level of regulatory oversight notably contribute to its credibility and investor confidence.
In contrast, FXGT.com, which entered the market in 2019, does not share the same level of recognition as CMC Markets. It is a privately held company and, like CMC Markets, is not a bank. FXGT.com has a Trust Score of 69, categorizing it as high risk. It holds one Tier-1 and one Tier-2 license, indicating a certain level of regulatory credibility but not as extensive as its competitor. Overall, while both platforms provide online trading services, CMC Markets demonstrates a deeper regulatory commitment and higher trust rating.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 1989 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 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 | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | 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 in terms of investment options, CMC Markets stands out as a more versatile platform. With a staggering 12,029 tradeable symbols, including 141 forex pairs, it caters to a diverse array of trading preferences. In contrast, FXGT.com offers a more limited selection of 117 symbols and 53 forex pairs. CMC Markets also gives its clients the opportunity to invest in exchange-traded securities on both U.S. and international exchanges, allowing access to shares like Apple and Vodafone. FXGT.com, however, does not provide the option to trade exchange-traded securities from these markets. Both platforms do offer the ability to trade forex as CFDs or spot contracts and support copy trading. For those interested in cryptocurrency, each platform allows for the trading of crypto derivatives, but neither provides the option to buy actual cryptocurrencies.
In terms of rankings and ratings, CMC Markets receives a 5-star rating for its range of investments, placing it 9th out of 63 brokers according to ForexBrokers.com. Meanwhile, FXGT.com is rated 3 stars and ranks 61st in the same category. The significant difference in rankings and ratings highlights CMC Markets as a better choice for investors seeking a wider range of investment opportunities and direct access to global markets. This comprehensive offering ensures that CMC Markets meets the needs of a more varied investor base, whereas FXGT.com remains a more niche option.
| Feature |
CMC Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 117 |
| Forex Pairs (Total) | 141 | 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 comparing online trading platforms and tools, CMC Markets and FXGT.com both offer appealing features for traders, each catering to distinct preferences and needs. CMC Markets provides a proprietary platform, developed in-house, alongside popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Their platform lineup is further bolstered by the availability of both a Windows-based desktop version and a web-based platform, ensuring access across different devices. CMC Markets also supports innovative trading methods such as copy trading and allows trading directly from stock charts. Traders benefit from 36 drawing tools and a robust 11-column watch list, which contribute to its exceptional 5-star rating and 4th place rank among 63 brokers in the Trading Platforms and Tools category on ForexBrokers.com.
FXGT.com, on the other hand, relies on established trading platforms such as MT4 and MT5, without offering a proprietary option. Like CMC Markets, it provides both a downloadable desktop and a web-based platform, offering flexibility and accessibility to traders. FXGT.com supports important features for strategy building and execution, including copy trading and the capability to trade directly from stock charts. Traders using FXGT.com have access to 23 drawing tools and a five-column watch list setup, which may be seen as more streamlined compared to CMC Markets. Overall, FXGT.com receives a commendable 4-star rating for its trading platforms and tools, though it ranks 56th out of 63 brokers on ForexBrokers.com, reflecting a respectable platform offering for traders seeking simplicity and reliable performance.
| 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) | 73 | 37 |
| Charting - Drawing Tools (Total) | 36 | 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 CMC Markets and FXGT.com in terms of market research, CMC Markets stands out with a strong lineup of features. Unlike FXGT.com, CMC Markets provides daily market commentary and forex news from top sources such as Bloomberg, Reuters, and Dow Jones. Both brokers offer sentiment-based trading tools showing the ratio of long or short positions, but CMC Markets adds further value by offering tools from Autochartist, enhancing both technical and fundamental analysis capabilities. Additionally, CMC Markets supplies an economic calendar to keep traders updated on global economic events, similar to what FXGT.com offers.
Despite some common features, such as economic calendars and sentiment analysis tools, CMC Markets achieves a higher research rating of 5 stars compared to FXGT.com's 3 stars. It also ranks 6th out of 63 brokers in the research category by ForexBrokers.com, while FXGT.com trails significantly at 56th place. This distinction highlights CMC Markets as a more favorable option for traders who prioritize comprehensive market research and insights.
| 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 | |
| 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 |
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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 | 6 | 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 | ||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | CMC Markets | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | CMC Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 117 | |
| Forex Pairs (Total) | 141 | 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 | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | 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) | 73 | 37 | |
| Charting - Drawing Tools (Total) | 36 | 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 | ||
| 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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