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.
When comparing online brokers CMC Markets and FxPro, there are several key aspects to consider. CMC Markets, established in 1989, is publicly traded but not a bank, while FxPro, founded in 2006, is a bank but not publicly traded. In terms of trust and regulation, CMC Markets holds an impressive six Tier-1 licenses and one Tier-2 license, which reflect its high level of confidence among regulators. On the other hand, FxPro has secured two Tier-1 licenses and one Tier-2 license, demonstrating a commendable level of trust. The Trust Score rating by ForexBrokers.com highlights CMC Markets as highly trusted with a score of 99, while FxPro also fares well with a trusted score of 93.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Year Founded | 1989 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | Yes |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Comparing commissions and fees, CMC Markets clearly undercuts FxPro. CMC Markets earns 5/5 stars and ranks #1 of 63 brokers for pricing, while FxPro holds 4/5 stars and ranks #33. CMC’s low spreads are available across all account types, whereas FxPro’s pricing generally sits above the industry average.
CMC Markets posts typical EUR/USD spreads of 0.61 pips (August 2023). Its FX Active plan charges $2.50 per side with minimum spreads of 0.0, delivering a 0.5 pip all-in cost on EUR/USD and five other pairs (August 2023); for example, NZD/USD drops from 1.5 pips on the standard account to 0.5 pips all-in with FX Active. The Price Plus Scheme rewards high-volume traders with tiered spread discounts based on Trading Points (two points per 100,000-unit lot; 1,250 lots in a month unlocks a 20% discount at Tier 4). CMC’s averages tend to track its minimums closely, reinforcing its #1 ranking and 5/5 score for commissions and fees.
FxPro’s most competitive pricing appears on cTrader with commission-based trading: the effective EUR/USD cost is about 1.27 pips, combining a 0.37-pip average spread with a 0.9-pip commission-equivalent (August 2020). On MT4/MT5 variable spreads, EUR/USD averages around 1.58 pips on market execution (1.51 on MT5) and 1.71 pips on instant execution (August 2020). cTrader has no minimum stop/limit distance, while MetaTrader requires at least 1 pip. FxPro’s Elite Active Trader program offers up to 30% discounts, but net costs still trail leading low-cost brokers—reflected in its 4/5 stars and #33 of 63 ranking for commissions and fees.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.3 | 1.51 |
| All-in Cost EUR/USD - Active | 0.65 | 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 vs FxPro: both brokers let you trade forex as CFDs or spot, offer copy trading, and provide crypto exposure via derivatives (neither lets you buy actual crypto). For range of investments, CMC Markets stands out with 12,029 tradeable symbols and 141 forex pairs, compared with FxPro’s 2,249 symbols and 70 pairs. CMC Markets also lets you buy exchange-traded securities on both U.S. and international exchanges, while FxPro offers exchange-traded securities on international markets but not in the U.S.
Ratings reflect this breadth: CMC Markets earns 5 stars and ranks #9 out of 63 for Range of Investments, while FxPro scores 4 stars and ranks #29. Choose CMC Markets if you want a larger product list and access to U.S. stocks alongside international shares; pick FxPro if you’re comfortable with a smaller selection and don’t need U.S.-listed securities.
| Feature |
CMC Markets
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 2249 |
| Forex Pairs (Total) | 141 | 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 brokers stand out by offering a suite of options designed to cater to traders of various preferences. Both CMC Markets and FxPro provide simulated trading through free virtual demo accounts and have developed proprietary platforms in-house. Traders can utilize Windows-based desktop download platforms and web-based browser options with both brokers. They also support popular MetaTrader 4 and MetaTrader 5 platforms, along with enabling direct trading from stock charts. Additionally, both CMC Markets and FxPro offer copy trading, though neither supports DupliTrade or ZuluTrade for social trading.
Differences arise in charting tools and customizability, where CMC Markets offers 36 drawing tools compared to FxPro's 25, and a more versatile watchlist with 11 columns compared to FxPro's 6. These features contribute to CMC Markets receiving a top rating of 5 stars for trading platforms and tools on ForexBrokers.com, where it ranks 4th out of 63 brokers, while FxPro is awarded 4 stars, ranking 17th. Thus, for traders prioritizing an advanced platform with ample customization, CMC Markets may present a more attractive option.
| 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) | 73 | 53 |
| Charting - Drawing Tools (Total) | 36 | 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 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | FxPro Review |
| Broker Screenshots | CMC Markets | FxPro | |
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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 | 6 | 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) | |||
| 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 | ||
| 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) |
| Investments | CMC Markets | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 2249 | |
| Forex Pairs (Total) | 141 | 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 | 1.3 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.65 | 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) | 73 | 53 | |
| Charting - Drawing Tools (Total) | 36 | 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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