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CMC Markets vs Plus500 2020

Is CMC Markets better than Plus500? After testing 30 of the best forex brokers over five months, CMC Markets is better than Plus500. 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 Plus500
Overall 5 4
CMC Markets Review Plus500 Review
70.5% of retail CFD accounts lose money 76.4% of retail CFD accounts lose money

Regulation

Feature CMC Markets Plus500
Trust Score 99 98
Year Founded
1989 2008
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 2
Tier-2 Licenses
2 3
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature CMC Markets Plus500
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes Yes
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature CMC Markets Plus500
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
180 50
CFDs - Total Offered
9848 2033
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 5 4
Winner check_circle

Cost

Feature CMC Markets Plus500
Average Spread EUR/USD - Standard
0.81 (as of Oct 19) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
0.81 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes No
Commissions & Fees 5 4
Winner check_circle

Funding

Feature CMC Markets Plus500
Minimum Initial Deposit
$0.00 €100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature CMC Markets Plus500
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 Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
8 10
Charting - Indicators / Studies (Total)
79 103
Charting - Drawing Tools (Total)
24 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 3.5
Winner check_circle

Mobile Trading

Feature CMC Markets Plus500
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 18
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4.5 3.5
Winner check_circle

Research

Feature CMC Markets Plus500
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 5 3.5
Winner check_circle

Education

Feature CMC Markets Plus500
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes No
Education 4 3
Winner check_circle

Major Forex Pairs

Feature CMC Markets Plus500
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 Plus500
CMC Markets Review Plus500 Review
Overall 5 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 30 different forex broker accounts for trading FX. In total, over 3,180 data points were collected. For this review, we will compare CMC Markets vs Plus500.

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's score is 5.00 stars versus Plus500'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. CMC Markets and Plus500 both are regulated in a major hub. CMC Markets alongside Plus500 are publicly traded companies. How many currency pairs are available to trade? CMC Markets offers its clients access to 180 different currency pairs while Plus500 has 50 available pairs, a difference of 130.

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 makes Meta Trader available to clients, while Plus500 does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets boasts an offering of 24 charting tools compared to Plus500's 21 available charting tools. CMC Markets trails Plus500 by 24 total different indicators (for example, moving averages), with Plus500 offering 103 and CMC Markets offering 79.

CMC Markets Review
Plus500 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 01/20/2020 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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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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