Compare CMC Markets vs FXCM


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

CMC Markets vs FXCM
overall rating
4.6
4.4
overall pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
fees
4.2
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
account opening
3.9
  • Fully digital
  • No minimum deposit
  • Complicated account verification
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfers
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
web trading platform
4.4
  • Clear fee report
  • Good search function
  • Good customizability (for charts, workspace)
  • Modern design
  • No two-step (safer) login
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
mobile trading platform
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
markets and products
2.2
  • Forex
  • CFD
  • Crypto
1.6
  • Forex
  • CFD
  • Crypto
research
4.6
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
recommended for Forex and CFD traders looking for an advanced trading platform with many research tools Forex traders looking for easy account opening, funding and withdrawal
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