To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare CMC Markets vs IG Group.
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 received a rating of 5.00 stars over IG Group's 4.50 stars.
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. Both CMC Markets and IG Group are regulated in a major hub. CMC Markets alongside IG Group are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets boasts an offering of 183 different currency pairs compared to IG Group's 91 available pairs.
To round out our comparison of CMC Markets vs IG Group, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. IG Group makes Meta Trader available to clients, while CMC Markets does not. 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. CMC Markets boasts an offering of 24 charting tools compared to IG Group's 9 available charting tools. CMC Markets boasts an offering of 74 different indicators (for example, moving averages) compared to IG Group's 22 available indicators.
Overall, IG Group boasts 5.00 stars versus CMC Markets's 4.50 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while CMC Markets came up with Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading.