Compare CMC Markets vs IC Markets

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

CMC Markets vs IC Markets
open account	Open account 76% of retail CFD accounts lose money	Open account 73% of retail CFD accounts lose money
overall rating	4.7	4.5
overall pros	Low forex fees Great web and mobile platforms Advanced research and educational tools	Low forex fees Easy and fast account opening Free deposit and withdrawal
overall cons	High stock CFD fees Limited product portfolio Complicated account verification	Limited product selection Slow live chat support No investor protection for non-EU clients
fees	3.8 Low forex fees No withdrawal fee High stock CFD fees	4.5 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs
account opening	4.1 Fully digital No minimum deposit Complicated account verification	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.8 Credit/Debit card available No deposit fee Several account base currencies £15 fee for international bank transfers	4.9 Credit/Debit card available No deposit fee Several account base currencies AUD 20 fee for international bank withdrawal
web trading platform	4.5 Clear fee report Good customizability (for charts, workspace) Modern design No two-step (safer) login	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design
mobile trading platform	4.5 User-friendly Good search function Good variety of order types No two-step (safer) login	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design
markets and products	2.2 Forex CFD Crypto	1.8 Forex CFD Crypto
research	5.0 Good interactive chart Trading ideas Data on asset fundamentals	3.8 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	4.5 Phone support Live chat Fast response time No 24/7 support	3.6 Phone support Live chat Fast response time Slow and not useful live chat
education	5.0 Demo account Trading platform tutorial Educational videos	4.5 Demo account Trading platform tutorial Educational videos Videos are hard to find on the site
safety	Majority of clients belong to a top-tier financial authority Listed on stock exchange Negative balance protection Does not hold a banking license	Long track record Negative balance protection for EU customers Not listed on stock exchange Financial information is not publicly available
recommended for	Forex and CFD traders looking for an advanced trading platform with many research tools	Forex and CFD traders who value easy account opening and free deposit/withdrawal options

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