ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

CMC Markets vs Interactive Brokers 2020

Is CMC Markets better than Interactive Brokers? After grading the best forex brokers on nearly 100 different variables, CMC Markets is better than Interactive Brokers. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and 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 4.5 4
CMC Markets Review Interactive Brokers Review
70.5% of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature CMC Markets Interactive Brokers
Trust Score 99 91
Year Founded
1989 1977
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 5
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 No
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)
180 105
CFDs - Total Offered
9848 7400
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
Winner check_circle

Cost

Feature CMC Markets Interactive Brokers
Average Spread EUR/USD - Standard
0.81 (as of Oct 19) N/A
All-in Cost EUR/USD - Active
0.81 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 5 4
Winner check_circle

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
8 494
Charting - Indicators / Studies (Total)
79 121
Charting - Drawing Tools (Total)
24 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 4
Winner check_circle

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
23 70
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes No
Mobile Trading 4 4
Winner check_circle

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 No
Economic Calendar
Yes Yes
Research 4.5 3.5
Winner check_circle

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
Education 4.5 4
Winner check_circle

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
CMC Markets Review Interactive Brokers Review
Overall 4.5 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare CMC Markets vs Interactive Brokers.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. CMC Markets received a rating of 5.00 stars over Interactive Brokers's 4.00 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both CMC Markets and Interactive Brokers are regulated in a major hub. Both CMC Markets and Interactive Brokers are publicly traded companies. How many currency pairs are available to trade? CMC Markets boasts an offering of 180 different currency pairs compared to Interactive Brokers's 105 available pairs.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. CMC Markets has Meta Trader, Interactive Brokers doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Interactive Brokers trails CMC Markets by 15 total charting tools, with CMC Markets offering 24 and Interactive Brokers offering 9. CMC Markets trails Interactive Brokers by 42 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and CMC Markets offering 79.

CMC Markets Review
Interactive Brokers Review


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 01/15/2020 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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top