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Our top alternative brokers to CMC Markets
IG
4.6
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76% of retail CFD accounts lose money
XTB
4.7
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79% of retail CFD accounts lose money
Our top alternative brokers to CMC Markets
IG
4.6
Visit broker
76% of retail CFD accounts lose money
XTB
4.7
Visit broker
79% of retail CFD accounts lose money
CMC Markets Alternatives

The best alternatives to CMC Markets are

  1. IG - Global CFD and forex broker
  2. XTB - Global CFD and forex broker
  3. ETX Capital - Global CFD and forex broker

Let's see in a bit more detail how the CMC Markets alternatives compare to CMC Markets and each other:

CMC Markets alternatives comparison
CMC Markets IG XTB ETX Capital
Overall score 4.6 4.6 4.7 4.2
Fees score 4.0 stars 3.4 stars 4.1 stars 2.4 stars
Account opening score 3.9 stars 4.4 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.9 stars 4.5 stars 4.5 stars 4.5 stars
Web platform score 4.4 stars 5.0 stars 4.4 stars 4.0 stars
Markets and products score 2.2 stars 3.5 stars 2.8 stars 1.8 stars
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79% of retail CFD accounts lose money
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76% of retail CFD accounts lose money
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79% of retail CFD accounts lose money
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78% of retail CFD accounts lose money

Why are these brokers considered good alternatives to CMC Markets? There are many areas based on which CMC Markets can be compared with others. When we say a given online broker is a good alternative to CMC Markets we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

CMC Markets alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
  • IG is recommended for traders of any experience level looking for an easy-to-use trading platform
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • ETX Capital is recommended for forex and cfd traders looking for great funding and withdrawal options and an easy-to-use platform

Important factors of finding CMC Markets alternatives

So far BrokerChooser has reviewed 71 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether CMC Markets or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. CMC Markets is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost CMC Markets alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at CMC Markets, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given CMC Markets alternative is a must.


Now let's dive into the details of how CMC Markets and its alternatives perform in the most important areas!

CMC Markets alternatives
CMC Markets

CMC Markets was founded in 1989 and it is a global CFD and forex broker. It is regulated by several authorities globally, including the top-tier FCA. The company is also listed on the London Stock Exchange.

CMC Markets is considered safe because it has a long track record, is listed on stock exchange, and is regulated by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an advanced trading platform with many research tools

Pros Cons
Low forex fees High stock CFD fees
Great web and mobile platforms Limited product portfolio
Advanced research and educational tools Complicated account verification

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79% of retail CFD accounts lose money

Fees
4.0

CMC Markets has competitive forex fees and there is no fee charged for deposit or withdrawal. However, the stock CFD fees are high.
Pros Cons
Low forex fees High stock CFD fees
No withdrawal fee
CMC Markets alternatives trading fees
CMC Markets IG XTB ETX Capital
S&P 500 index CFD fee $2.2 $1.9 $1.9 $2.2
Europe 50 index CFD fee $2.7 $1.6 $1.9 $2.1
EURUSD benchmark fee $13.6 $16.8 $14.8 $19.5
GBPUSD benchmark fee $10.3 $14.1 $10.8 $16.1

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

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79% of retail CFD accounts lose money

Account opening
3.9

CMC Markets' account opening is fully digital and there is no required minimum deposit to activate your account. On the other hand, the instructions about how many documents we should upload are unclear, which can lead to a longer verification process.
Pros Cons
Fully digital Complicated account verification
No minimum deposit
CMC Markets alternatives minimum deposit and account open times
CMC Markets IG XTB ETX Capital
Minimum deposit $0 $0 $0 $100
Time to open account 1-3 days 1-3 days 1 day 1 day

Learn more about CMC Markets minimum deposit here.

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79% of retail CFD accounts lose money

Deposit and withdrawal
4.9

You can use multiple options for deposit and withdrawal, and a lot of account base currencies are accepted at CFD accounts. The domestic bank, credit/debit card, and electronic wallet withdrawals are free of charge, however, if you use a same-day or international bank withdrawals, a £15 fee is charged.
Pros Cons
Credit/Debit card available £15 fee for international bank transfer
No deposit fee
Several account base currencies
CMC Markets and alternatives withdrawal options and fees
CMC Markets IG XTB ETX Capital
Bank Transfer Yes Yes Yes Yes
Credit/Debit card Yes Yes No Yes
Electronic wallets Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0

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79% of retail CFD accounts lose money

Web trading platform
4.4

CMC'S Next Generation has a clean and modern design. The platform is highly customizable and includes several great features, such as an advanced order panel. On the other hand, there is no two-step authentication.
Pros Cons
Clear fee report No two-step (safer) login
Good search function
Good customizability (for charts, workspace)
Modern design
CMC Markets - Web trading platform
CMC Markets and alternatives trading platform scores
CMC Markets IG XTB ETX Capital
Web platform score 4.4 stars 5.0 stars 4.4 stars 4.0 stars
Mobile platform score 4.4 stars 5.0 stars 4.4 stars 4.5 stars
Desktop platform score 3.3 stars - 4.4 stars 3.3 stars

Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.

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79% of retail CFD accounts lose money

Markets and products
2.2

CMC Markets' product selection covers only CFDs, forex and crypto assets. You can't trade with popular asset classes, such as real stocks, bonds, mutual funds, options or futures.
CMC Markets and alternatives markets and products
CMC Markets IG XTB ETX Capital
Stock No Yes Yes No
ETF No Yes Yes No
Forex Yes Yes Yes Yes
Fund No No No No
Bond No No No No
Options No Yes No No
Futures No No No No
CFD Yes Yes Yes Yes
Crypto Yes Yes Yes Yes

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79% of retail CFD accounts lose money

Verdict

CMC Markets is regulated by top-tier regulators and one of the best CFD and forex brokers among brokers. 

On the plus side, it has low forex fees, well-developed trading platforms, and useful research and educational tools.

There are a few drawbacks though. The stock CFD fees are high and the account verification is not seamless. Also, product selection covers only CFD and forex asset classes, no real stock, bond, or mutual fund are provided.

Feel free to test CMC Markets' first-class trading platform since it has great features and there is no minimum required deposit to open an account. 

CMC Markets
Summary CMC Markets is a UK-based Global CFD and Forex Broker, regulated by multiple top-tier regulators like the UK FCA.
Fees score 4.0 stars
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools

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79% of retail CFD accounts lose money

CMC Markets alternatives
IG

IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders of any experience level looking for an easy-to-use trading platform

Pros Cons
First-class web trading platform High stock CFD fees
Superb educational tools Limited product portfolio
Great deposit and withdrawal options Slow customer support

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76% of retail CFD accounts lose money

Fees
3.4

IG has low fees for stock index CFDs, while forex fees are average to low. There is no fee for withdrawals and an inactivity fee is charged only after 2 years. On the negative side, the stock CFD fees are high.
Pros Cons
No withdrawal fee High stock CFD trading fees
Low stock index CFD trading fees
CMC Markets vs. IG: Trading fees
IG CMC Markets
Apple benchmark fee $31.9 $22.4
Vodafone benchmark fee $25.7 $23.4
EURUSD benchmark fee $16.8 $13.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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76% of retail CFD accounts lose money

Account opening
4.4

IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
Pros Cons
Fully digital Slower account opening
Low minimum deposit
No minimum deposit for bank transfer
CMC Markets vs. IG: Minimum deposit, time to open an account
IG CMC Markets
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in IG minimum deposit, this overview will help you.

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76% of retail CFD accounts lose money

Deposit and withdrawal
4.5

IG offers free and fast deposits and withdrawals. There are various options for funding your account, including traditional methods such as bank wire transfer and credit card funding, as well as PayPal.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
CMC Markets vs. IG: Withdrawal options
IG CMC Markets
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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76% of retail CFD accounts lose money

Web trading platform
5.0

IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Web trading platform of IG, a CMC Markets alternative
CMC Markets vs. IG: Trading platform scores
IG CMC Markets
Web platform score 5.0 stars 4.4 stars
Mobile platform score 5.0 stars 4.4 stars
Desktop platform score - 3.3 stars

Learn more about IG's web trading platform in the detailed IG review.

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76% of retail CFD accounts lose money

Markets and products
3.5

At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real stocks. Other popular assets, however, like mutual funds and bonds, are not available.
CMC Markets vs. IG: Markets and products
IG CMC Markets
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options Yes No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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76% of retail CFD accounts lose money

Verdict

IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.

IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.

On the other hand, there are some drawbacks. The stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.

Feel free to test IG's first-class trading platform, since there is no minimum funding amount for bank transfers and you can also easily open a demo account. 

IG
Summary IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.
Fees score 3.4 stars
Recommended for Traders of any experience level looking for an easy-to-use trading platform

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76% of retail CFD accounts lose money

CMC Markets alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

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79% of retail CFD accounts lose money

Fees
4.1

XTB has low forex and stock index CFD fees. There is also no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Low stock index CFD fees Inactivity fee
No withdrawal fee for transfers above $100
CMC Markets vs. XTB: Trading fees
XTB CMC Markets
Apple benchmark fee $17.9 $22.4
Vodafone benchmark fee $19.3 $23.4
EURUSD benchmark fee $14.8 $13.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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79% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
CMC Markets vs. XTB: Minimum deposit, time to open an account
XTB CMC Markets
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in XTB minimum deposit, this overview will help you.

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79% of retail CFD accounts lose money

Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
CMC Markets vs. XTB: Withdrawal options
XTB CMC Markets
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

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79% of retail CFD accounts lose money

Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a CMC Markets alternative
CMC Markets vs. XTB: Trading platform scores
XTB CMC Markets
Web platform score 4.4 stars 4.4 stars
Mobile platform score 4.4 stars 4.4 stars
Desktop platform score 4.4 stars 3.3 stars

Learn more about XTB's web trading platform in the detailed XTB review.

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79% of retail CFD accounts lose money

Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
CMC Markets vs. XTB: Markets and products
XTB CMC Markets
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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79% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex and stock index CFD fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 4.1 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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79% of retail CFD accounts lose money

CMC Markets alternatives
ETX Capital

ETX Capital is a global CFD and FX broker. Its parent company, Monecor (London) Ltd was established in 1965 and is regulated by the Financial Conduct Authority (FCA) making it safe to invest your money with.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for great funding and withdrawal options and an easy-to-use platform

Pros Cons
Free and multiple deposit and withdrawal options High trading fees
Easy and fast account opening Only CFDs, forex, and crypto offered
Great educational tools Basic research tools

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78% of retail CFD accounts lose money

Fees
2.4

ETX Capital has high trading fees and financing rates. The non-trading fees are average. On the plus side, there are no withdrawal fees.
Pros Cons
No withdrawal fee High forex fees
High financing rate
CMC Markets vs. ETX Capital: Trading fees
ETX Capital CMC Markets
Apple benchmark fee $32.0 $22.4
Vodafone benchmark fee $25.9 $23.4
EURUSD benchmark fee $19.5 $13.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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78% of retail CFD accounts lose money

Account opening
5.0

ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
CMC Markets vs. ETX Capital: Minimum deposit, time to open an account
ETX Capital CMC Markets
Minimum deposit $100 $0
Time to open account 1 day 1-3 days

If you are interested more in ETX Capital minimum deposit, this overview will help you.

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78% of retail CFD accounts lose money

Deposit and withdrawal
4.5

ETX Capital's deposit and withdrawal are free, the processes are fast, and can be done in several methods.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
CMC Markets vs. ETX Capital: Withdrawal options
ETX Capital CMC Markets
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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78% of retail CFD accounts lose money

Web trading platform
4.0

ETX Capital has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks two-step login and a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good customizability (for charts, workspace)
Web trading platform of ETX Capital, a CMC Markets alternative
CMC Markets vs. ETX Capital: Trading platform scores
ETX Capital CMC Markets
Web platform score 4.0 stars 4.4 stars
Mobile platform score 4.5 stars 4.4 stars
Desktop platform score 3.3 stars 3.3 stars

Learn more about ETX Capital's web trading platform in the detailed ETX Capital review.

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78% of retail CFD accounts lose money

Markets and products
1.8

At ETX Capital, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
CMC Markets vs. ETX Capital: Markets and products
ETX Capital CMC Markets
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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78% of retail CFD accounts lose money

Verdict

ETX Capital is regulated by the top-tier FCA.

On the plus side, you can use a lot of deposit and withdrawal options and they are free of charge. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.

ETX Capital has some drawbacks though. The trading fees are quite high. Its product range is limited to FX, CFDs, and cryptos. The research tools are limited. 

As there is only a small minimum deposit, there are 5 free withdrawals, and inactivity fee only kicks in after three months, feel free to try ETX Capital.

ETX Capital
Summary ETX Capital is a global forex and CFD broker regulated by the UK FCA. Its parent company, Monecor (London) Ltd is listed on the London Stock Exchange.
Fees score 2.4 stars
Recommended for Forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform

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78% of retail CFD accounts lose money

CMC Markets alternatives
Bottom line

Based on our analysis, there are several good alternatives to CMC Markets. They all offer similar products and target similar customers. Here's a recap of the results in a table.

CMC Markets alternatives
Broker Info Recommended for
CMC Markets Global CFD and forex broker Forex and CFD traders looking for an advanced trading platform with many research tools
IG Global CFD and forex broker Traders of any experience level looking for an easy-to-use trading platform
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
ETX Capital Global CFD and forex broker Forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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79% of retail CFD accounts lose money
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