ARMO Broker
CMC Markets
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders from Europe interested in global markets
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools
Germany
UK
Fees
Low stock and ETF fees but high forex, options and futures fees
Low forex fees, average CFD and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
20
10
Deposit type
Withdrawal type
Account opening
$1980
$0
1-3 days
1-3 days
Proof of identity: passport, ID card, driver's license Proof of address: bank statement, utility bill, registration certificate, credit card bill
Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Trading platform
Markets and products
Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
€20,000
£85,000 for clients under FCA, $1,000,000 under IIROC, no protection under other regulators
2019
1989
USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
UK, Australia, Canada, New Zealand, Singapore, Germany
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
ARMO Broker's service is on par with CMC Markets's and a comparison of their fees shows that ARMO Broker's fees are similar to CMC Markets's.
Account opening takes considerably more effort at ARMO Broker compared to CMC Markets, deposit and withdrawal processes are more complicated at ARMO Broker, while customer service quality is somewhat lower than CMC Markets's.
Our experts rated the trading platform of ARMO Broker as somewhat worse than the platform of CMC Markets, found that clients have access to much more markets and products with ARMO Broker, while CMC Markets provides just about the same quality of research and education.