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CMC Markets vs Interactive Brokers 2021

Is CMC Markets better than Interactive Brokers? In our analysis of 23 international regulators across 50 brokers, CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.


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 Interactive Brokers
Overall 5 5
Commissions & Fees 5 5
Offering of Investments 5 5
Platforms & Tools 5 4.5
Mobile Trading Apps 5 4.5
Research 4.5 4.5
Education 4 4
Trust Score 99 99
CMC Markets Review Interactive Brokers Review
69% of retail CFD accounts lose money 66% of retail CFD accounts lose money
Winner check_circle

Regulation

Feature CMC Markets Interactive Brokers
Trust Score 99 99
Year Founded
1989 1977
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
5 8
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature CMC Markets Interactive Brokers
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes Yes
SFC Authorised (Hong Kong)
No Yes
CBI Authorised (Ireland)
No Yes
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
Yes Yes
FINMA Authorised (Switzerland)
No Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No Yes
FMA Authorised (New Zealand)
Yes No

Tier-2 Licenses (Average Trust)

Feature CMC Markets Interactive Brokers
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
SEBI Authorised (India)
No Yes
ISA Authorised (Israel)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
Yes No

Tier-3 Licenses (Low Trust)

Feature CMC Markets Interactive Brokers
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
VFSC Authorised (Vanuatu)
No No

Investments

Feature CMC Markets Interactive Brokers
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
11927 7400
Forex Pairs (Total)
158 91
US Stock Trading (Non CFD)
No Yes
Int'l Stock Trading (Non CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No
Cryptocurrency (Physical)
No Yes
Cryptocurrency (CFD)
Yes No
Crypto Disclaimer (UK) 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

Feature CMC Markets Interactive Brokers
Average Spread EUR/USD - Standard
0.73 (August 2021) 0.6 (From 09/25/21 - 10/02/21)
All-in Cost EUR/USD - Active
N/A 0.6 (From 09/25/21 - 10/02/21)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
No Yes
Execution: Market Maker
Yes No

Funding

Feature CMC Markets Interactive Brokers
Minimum Deposit
$0.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature CMC Markets Interactive Brokers
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature CMC Markets Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
9 651
Charting - Indicators / Studies (Total)
86 127
Charting - Drawing Tools (Total)
40 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes

Mobile Trading

Feature CMC Markets Interactive Brokers
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
29 98
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes Yes

Research

Feature CMC Markets Interactive Brokers
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature CMC Markets Interactive Brokers
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature CMC Markets Interactive Brokers
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

Overall

Feature CMC Markets Interactive Brokers
Overall 5 5
Commissions & Fees 5 5
Offering of Investments 5 5
Platforms & Tools 5 4.5
Mobile Trading Apps 5 4.5
Research 4.5 4.5
Education 4 4
Trust Score 99 99
CMC Markets Review Interactive Brokers Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs Interactive Brokers.

Does CMC Markets or Interactive Brokers offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.

Is CMC Markets or Interactive Brokers safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Interactive Brokers holds 8 global Tier-1 licenses, while CMC Markets holds 5. Both CMC Markets and Interactive Brokers hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, CMC Markets and Interactive Brokers earned the same Trust Score.

Which trading platform is better: CMC Markets or Interactive Brokers?
To compare the trading platforms of both CMC Markets and Interactive Brokers, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While CMC Markets offers copy trading, Interactive Brokers does not. CMC Markets offers MetaTrader 4 (MT4), while Interactive Brokers does not.

How many forex pairs and CFDs are available to trade?
CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to Interactive Brokers's 91 available pairs. Forex pairs aside, CMC Markets offers traders access to 11927 CFDs while Interactive Brokers has 7400 available CFDs, a difference of 4,527.

Can I trust CMC Markets?
CMC Markets is publicly traded, does not operate a bank, and is authorised by five tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), Financial Markets Authority (FMA), and the Financial Conduct Authority (FCA).

Can I trust Interactive Brokers?
Interactive Brokers is publicly traded, does not operate a bank, and is authorised by eight tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), and the Commodity Futures Trading Commission (CFTC).

Is CMC Markets good?
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.

Is Interactive Brokers good?
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Overall winner: CMC Markets

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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 website as of 01/10/2022 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 "Contact" link at the bottom of this page.

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