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CMC Markets vs ICM Capital 2019
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | CMC Markets | ICM Capital |
| Overall | ||
| CMC Markets Review | ICM Capital Review | |
| 75% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money |
Regulation
| Feature | CMC Markets | ICM Capital |
| Trust Score | 99 | 69 |
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Year Founded |
1989 | 2009 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
4 | 1 |
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Tier-2 Licenses |
2 | 0 |
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Tier-3 Licenses |
0 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | CMC Markets | ICM Capital |
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ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
Yes | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | CMC Markets | ICM Capital |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
180 | 32 |
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CFDs - Total Offered |
9848 | 36 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | No |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | CMC Markets | ICM Capital |
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Average Spread EUR/USD - Standard |
0.81 (as of Oct 19) | 1.3 (as of May 19) |
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All-in Cost EUR/USD - Active |
0.81 (as of Oct 19) | 0.9 (as of May 19) |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | CMC Markets | ICM Capital |
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Minimum Initial Deposit |
$0.00 | $200.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | CMC Markets | ICM Capital |
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Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | No |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | Yes |
Trading Tools
| Feature | CMC Markets | ICM Capital |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
8 | 7 |
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Charting - Indicators / Studies (Total) |
79 | 51 |
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Charting - Drawing Tools (Total) |
24 | 31 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | CMC Markets | ICM Capital |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | No |
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Trading - CFDs |
Yes | No |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
23 | 30 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | CMC Markets | ICM Capital |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
Yes | No |
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AutoChartist |
No | No |
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Trading Central (Recognia) |
Yes | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | CMC Markets | ICM Capital |
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Has Education - Forex |
Yes | No |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | No |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | CMC Markets | ICM Capital |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | CMC Markets | ICM Capital |
| CMC Markets Review | ICM Capital Review | |
| Overall | ||
| Winner | check_circle |
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets is a better option with a 5.00 star rating over ICM Capital's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. CMC Markets and ICM Capital both are regulated in a major hub. CMC Markets is a publicly traded company while ICM Capital is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. ICM Capital trails CMC Markets by 148 total currency pairs (for example, EUR/USD), with CMC Markets offering 180 and ICM Capital offering 32.
To round out our comparison of CMC Markets vs ICM Capital, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both CMC Markets and ICM Capital offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. ICM Capital offers its clients access to 31 charting tools while CMC Markets has 24 charting tools, a difference of 7. CMC Markets offers its clients access to 79 different indicators (for example, volume) while ICM Capital has 51 available indicators, a difference of 28.
CMC Markets Review
ICM Capital Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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