Compare Alpaca Trading vs CMC Markets


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against CMC Markets!

Alpaca Trading vs CMC Markets
overall rating
4.6
4.6
overall pros
  • Great API trading service
  • Free stock & ETF trading
  • Fantastic charting tools
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
3.5
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
4.1
  • Fully digital
  • No minimum deposit
  • Complicated account verification
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
4.8
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfers
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Poor search function
  • Limited customizability (for charts, workspace)
  • No price alerts
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Modern design
  • No two-step (safer) login
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Stock
  • ETF
2.2
  • Forex
  • CFD
  • Crypto
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
1.9
  • Great Slack and community forums
  • No phone support
  • No live chat
  • Mediocre email support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
recommended for Traders interested in algorithmic stock trading Forex and CFD traders looking for an advanced trading platform with many research tools
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