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IG vs CMC Markets 2019
Is CMC Markets better than IG Group? After assessing forex brokers on nearly 100 different variables, IG Group is better than CMC Markets. Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry leading education, and competitive rates. This fantastic all-round experience makes IG our No. 1 overall broker in 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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Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
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Overall Rating
| Feature | IG | CMC Markets |
| Overall | ||
| IG Review | CMC Markets Review | |
| 74% of retail CFD accounts lose money | 75% of retail CFD accounts lose money |
Regulation
| Feature | IG | CMC Markets |
| Trust Score | 99 | 98 |
|
Year Founded |
1974 | 1989 |
|
Publicly Traded (Listed) |
Yes | Yes |
|
Bank |
Yes | No |
|
Tier-1 Licenses |
6 | 4 |
|
Tier-2 Licenses |
3 | 2 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | IG | CMC Markets |
|
ASIC Authorised (Australia) |
Yes | Yes |
|
IIROC Authorised (Canada) |
No | Yes |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
Yes | Yes |
|
FINMA Authorised (Switzerland) |
Yes | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Tier-2 Licenses
| Feature | IG | CMC Markets |
|
CBRC Authorised (China) |
No | Yes |
|
CySEC Authorised (Cyprus) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
Yes | Yes |
|
CBR Authorised (Russia) |
No | No |
|
FSB Authorised (South Africa) |
Yes | No |
|
SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
Yes | No |
Tier-3 Licenses
| Feature | IG | CMC Markets |
|
FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | No |
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Offshore Authorised |
No | No |
Investments
| Feature | IG | CMC Markets |
|
Forex: Spot Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
91 | 183 |
|
CFDs - Total Offered |
15000 | 9959 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | IG | CMC Markets |
|
Average Spread EUR/USD - Standard |
0.75 (as of Q4 18) | 0.744 (as of Sep 18) |
|
All-in Cost EUR/USD - Active |
0.363 (as of Mar 16) | 0.744 (as of Sep 18) |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | IG | CMC Markets |
|
Minimum Initial Deposit |
£250.00 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | IG | CMC Markets |
|
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) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | IG | CMC Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
12 | 8 |
|
Charting - Indicators / Studies (Total) |
22 | 81 |
|
Charting - Drawing Tools (Total) |
17 | 24 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | IG | CMC Markets |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
26 | 23 |
|
Charting - Draw Trend Lines |
Yes | Yes |
|
Charting - Trend Lines Moveable |
Yes | Yes |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Forex Calendar |
Yes | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | IG | CMC Markets |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Weekly Webinars |
Yes | Yes |
|
AutoChartist |
Yes | No |
|
Trading Central (Recognia) |
No | Yes |
|
Delkos Research |
No | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | IG | CMC Markets |
|
Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
Yes | Yes |
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Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
|
Videos - Beginner Trading Videos |
Yes | No |
|
Videos - Advanced Trading Videos |
Yes | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes |
|
Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | IG | CMC Markets |
|
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 |
|
USDCNH (or CNHUSD) |
Yes | Yes |
|
USDSGD (or SGDUSD) |
Yes | Yes |
Overall
| Feature | IG | CMC Markets |
| IG Review | CMC Markets Review | |
| Overall | ||
| Winner | check_circle |
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare CMC Markets vs IG Group.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. CMC Markets's score is 5.00 stars versus IG Group's 4.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CMC Markets and IG Group both are regulated in a major hub. CMC Markets and IG Group are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. CMC Markets boasts an offering of 183 different currency pairs compared to IG Group's 91 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. IG Group makes Meta Trader available to clients, while CMC Markets does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. CMC Markets boasts an offering of 24 charting tools compared to IG Group's 17 available charting tools. IG Group trails CMC Markets by 59 total different indicators (for example, moving averages), with CMC Markets offering 81 and IG Group offering 22.
CMC Markets Review
IG Group Review
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. CMC Markets's score is 5.00 stars versus IG Group's 4.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CMC Markets and IG Group both are regulated in a major hub. CMC Markets and IG Group are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. CMC Markets boasts an offering of 183 different currency pairs compared to IG Group's 91 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. IG Group makes Meta Trader available to clients, while CMC Markets does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. CMC Markets boasts an offering of 24 charting tools compared to IG Group's 17 available charting tools. IG Group trails CMC Markets by 59 total different indicators (for example, moving averages), with CMC Markets offering 81 and IG Group offering 22.
CMC Markets Review
IG Group Review
Related Comparisons
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.
IG - 76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.
