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CMC Markets vs Interactive Brokers 2020

Is CMC Markets better than Interactive Brokers? After testing 30 of the best forex brokers over five months, CMC Markets is better than Interactive Brokers. CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting.



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.

Overall Rating

Feature CMC Markets Interactive Brokers
Overall 5 4.5
Commissions & Fees 5 4
Offering of Investments 5 4.5
Platforms & Tools 5 4.5
Mobile Trading 4.5 4
Research 5 4.5
Education 4 4
Trust Score 99 94
79% of retail CFD accounts lose money 66% of retail CFD accounts lose money
CMC Markets Review Interactive Brokers Review
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Regulation

Feature CMC Markets Interactive Brokers
Trust Score 99 94
Year Founded
1989 1977
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 6
Tier-2 Licenses
2 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature CMC Markets Interactive Brokers
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
Yes Yes
SFC Authorised (Hong Kong)
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

Investments

Feature CMC Markets Interactive Brokers
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
158 105
CFDs - Total Offered
9852 7400
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes No

Cost

Feature CMC Markets Interactive Brokers
Average Spread EUR/USD - Standard
0.74 (August 2020) N/A
All-in Cost EUR/USD - Active
0.64 (August 2020) N/A
Active Trader or VIP Discounts
Yes Yes

Funding

Feature CMC Markets Interactive Brokers
Minimum Initial 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

Trading Tools

Feature CMC Markets Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
9 494
Charting - Indicators / Studies (Total)
86 121
Charting - Drawing Tools (Total)
40 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature CMC Markets Interactive Brokers
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
29 70
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

Feature CMC Markets Interactive Brokers
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
No 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
Yes Yes
Has Education - CFDs
Yes Yes
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

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 4.5
Commissions & Fees 5 4
Offering of Investments 5 4.5
Platforms & Tools 5 4.5
Mobile Trading 4.5 4
Research 5 4.5
Education 4 4
Trust Score 99 94
CMC Markets Review Interactive Brokers Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 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 20 international regulator databases. Here's our findings. Interactive Brokers holds 6 global Tier-1 licenses, while CMC Markets holds 4. CMC Markets holds 2 global Tier-2 licenses, while Interactive Brokers holds 0. All regulators considered, CMC Markets has a Trust Score of 99.00, while Interactive Brokers's Trust Score is 94.00.

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, CMC Markets 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 105 available pairs. Forex pairs aside, CMC Markets offers traders access to 9852 CFDs while Interactive Brokers has 7400 available CFDs, a difference of 2,452.

Overall, between CMC Markets and Interactive Brokers, CMC Markets is the better forex broker.

CMC Markets Review
Interactive Brokers Review

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Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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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