Written by ForexBrokers.com
In this head to head comparison of CMC Markets vs FxPro, 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, founded in 1989, is a highly trusted online broker with a ForexBrokers.com Trust Score of 99 out of 99. It is publicly traded, although not a bank, which adds a layer of transparency. CMC Markets holds five Tier-1 licenses, which are top-tier and signal the highest level of trust in regulatory compliance, along with one Tier-2 license. These factors collectively demonstrate a strong reputation in the online trading industry.
On the other hand, FxPro, established in 2006, also enjoys a high level of trust but slightly below that of CMC Markets, with a Trust Score of 93 out of 99. Unlike CMC Markets, FxPro is a bank, but it is not publicly listed on a stock exchange. It holds two Tier-1 licenses and one Tier-2 license, reflecting a solid standing in broker regulation. While both brokers are reliable choices, CMC Markets edges out with more Tier-1 licenses and a higher trust score.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Year Founded | 1989 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing CMC Markets and FxPro in terms of commissions and fees, CMC Markets emerges as the superior choice. Awarded 5 out of 5 stars and ranked #1 among 63 brokers by ForexBrokers.com, CMC Markets excels due to its low spreads that are available across all customer segments and account types. The average spread for EUR/USD is an impressive 0.61 pips as of August 2023. They offer an attractive active trader program, the Price Plus Scheme, providing spread discounts based on trading volume. Their FX Active pricing, which charges a commission on top of low spreads, results in a competitive all-in cost of 0.5 pips for key currency pairs.
In contrast, FxPro is rated 4 out of 5 stars and ranks #32 for commissions and fees among the same 63 brokers. FxPro’s pricing is slightly higher than the industry average, offering a range of commission-loaded options with variable or fixed spreads on their MT4 platform. On the cTrader platform, the effective spread for EUR/USD is about 1.27 pips, combining their average spread of 0.37 pips with a 0.9 pip commission-equivalent. While FxPro does feature an Active Trader program with potential discounts of up to 30%, it still lags behind competitors like FOREX.com, IG, and Saxo.
Overall, for traders prioritizing cost efficiency and competitive pricing, CMC Markets stands out as the leading option given its consistently low spreads and comprehensive pricing schemes. Meanwhile, FxPro might appeal to traders who prefer the cTrader platform despite its higher commission-based pricing structure. Both brokers offer specific advantages, but CMC Markets remains the top choice for those focused on reducing trading costs.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.61 | 1.51 |
| All-in Cost EUR/USD - Active | 0.51 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
CMC Markets and FxPro both offer comprehensive options for traders interested in forex as both support trading as CFDs or spot contracts. However, when comparing their overall range of investments, CMC Markets clearly stands out with an impressive total of 11,925 tradeable symbols and 156 forex pairs. FxPro, while offering a decent selection, provides fewer tradeable options with 2,249 symbols and 70 forex pairs. Furthermore, CMC Markets allows clients to engage in exchange-traded securities on both U.S. and international exchanges, giving traders the flexibility to invest in companies like Apple and Vodafone. In contrast, FxPro only supports trades on international exchanges, excluding the option to buy U.S.-based securities directly.
Both brokers offer copy trading and the purchase of cryptocurrency derivatives, though neither supports the buying of actual cryptocurrencies. Despite both platforms catering to a broad range of trading styles, CMC Markets receives a higher accolade with a five-star rating for its range of investments, ranking ninth out of 63 brokers on ForexBrokers.com. FxPro, while still regarded well in its category, garners a four-star rating and is positioned as the 28th choice for investment diversity. These distinctions highlight CMC Markets as a more versatile option for traders seeking a wider array of investment opportunities.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 2249 |
| Forex Pairs (Total) | 156 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 the trading platforms and tools of CMC Markets and FxPro, both online brokers offer comprehensive features suitable for both novice and seasoned traders. CMC Markets and FxPro each provide a simulated trading experience through free virtual demo accounts, enabling users to practice and refine their trading skills before committing capital. Their proprietary platforms are developed in-house, allowing for tailored user experiences which include Windows-based desktop downloads and web-based trading systems accessible via browsers. Additionally, both brokers support popular platforms like MetaTrader 4 and MetaTrader 5, providing users with diverse options for executing trades. Each broker also facilitates advanced trading strategies with features like direct trades from charts and copy trading.
However, when it comes to the depth and variety of charting tools, CMC Markets offers a more extensive array of drawing tools with 40 available options compared to FxPro's 25. CMC Markets further enhances the portfolio monitoring experience with its watch lists, providing 11 customizable fields to track important metrics, while FxPro offers 6. These differences contribute to CMC Markets' higher rating of 5 stars for its trading platforms and tools, compared to FxPro's 4-star rating. As ranked by ForexBrokers.com, CMC Markets stands at a noteworthy fourth among 63 brokers, whereas FxPro is positioned at seventeenth, highlighting the competitive edge CMC Markets holds in this domain.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 79 | 53 |
| Charting - Drawing Tools (Total) | 40 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both CMC Markets and FxPro offer convenient mobile trading apps available on iPhone and Android devices, complete with essential features for active traders. Users can receive real-time stock or forex price alerts and enjoy seamless watchlist symbol syncing, ensuring that their custom lists are updated across platforms. Additionally, both apps enable users to draw trendlines on charts and view multiple time frames, from daily to intraday, with auto-saving features to preserve any drawings made. Furthermore, users can create watchlists featuring live quotes for dynamic market monitoring.
CMC Markets, however, offers 29 technical studies compared to FxPro's 65, indicating a broader array of charting tools for technical analysis within FxPro’s app. In terms of user satisfaction, CMC Markets is rated slightly higher, earning a full 5 stars for its mobile trading app compared to FxPro's commendable 4.5 stars. This difference is further reflected in their rankings by ForexBrokers.com, where CMC Markets claims the 5th spot among 63 brokers, while FxPro is ranked 15th. These distinctions highlight CMC Markets' slight edge in app user experience and satisfaction.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 29 | 65 |
| 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 it comes to market research, both CMC Markets and FxPro provide daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. However, CMC Markets distinguishes itself by offering tools from Autochartist, which FxPro lacks. On the other hand, FxPro features research tools from Trading Central, which CMC does not offer. Both brokers provide users with sentiment-based trading tools and economic calendars to keep track of global news events.
In terms of ratings and rankings, CMC Markets has earned a 5-star rating for research, significantly higher than FxPro's 4 stars. This advantage is reflected in their ranking by ForexBrokers.com, where CMC Markets stands high at #6 out of 63 brokers, compared to FxPro’s position at #26. Although both brokers have their strengths, CMC Markets seems to have a slight edge in providing comprehensive research tools, helping traders make informed decisions.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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 and FxPro both offer a solid foundation with more than 10 articles, videos, and archived webinars focusing on forex or CFD education. Both brokers provide a searchable archive of recorded webinars and offer educational videos tailored for beginners. However, only CMC Markets includes videos for advanced traders, enhancing their breadth of content for traders as they progress. Additionally, both brokers have an investor dictionary with clear definitions for over 50 trading terms, which is a great tool for anyone new to the trading world.
Despite these similarities, CMC Markets edges ahead with a higher education rating of 5 stars compared to FxPro’s 4 stars, according to ForexBrokers.com. CMC Markets is ranked 10th in the education category, showcasing a superior offering over FxPro, which is positioned at 18th. While neither broker hosts monthly live educational webinars, the diverse content, especially the advanced materials offered by CMC Markets, positions it as a more comprehensive choice for beginner traders looking to deepen their knowledge.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FxPro. CMC Markets finished with an overall rank of #4, while FxPro finished with an overall rank of #21.
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
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Neither CMC Markets nor FxPro provides the option to buy actual cryptocurrencies, but both brokers offer the ability to trade cryptocurrency derivatives.
Both CMC Markets and FxPro provide multiple options for depositing and withdrawing account funds, including ACH and SEPA transfers, PayPal, and Visa or Mastercard, but only FxPro supports Skrill, with both platforms also accepting bank wire transfers.
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 | FxPro | |
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| Trust Score | 99 | 93 | |
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| Review | CMC Markets Review | FxPro Review |
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| Regulation | CMC Markets | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1989 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 2249 | |
| Forex Pairs (Total) | 156 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.51 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | CMC Markets | FxPro | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 79 | 53 | |
| Charting - Drawing Tools (Total) | 40 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | FxPro | |
|---|---|---|---|
| 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 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | CMC Markets | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | CMC Markets | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | FxPro Review |
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