CMC Markets
IG
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools
Recommended for Traders of any experience level looking for an easy-to-use trading platform
UK
UK
Fees
Low forex fees, average CFD and non-trading fees
High trading fees, average 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
10
6
Deposit type
Withdrawal type
Account opening
$0
$0
1-3 days
1-3 days
Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
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.
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. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Research, education
Great
Great
Customer service
Security
£85,000 for clients under FCA, $1,000,000 under IIROC, no protection under other regulators
£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries
1989
1974
UK, Australia, Canada, New Zealand, Singapore, Germany
UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand
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.
CMC Markets's service is on par with IG's and a comparison of their fees shows that CMC Markets's fees are similar to IG's.
Account opening takes about the same effort at CMC Markets compared to IG, deposit and withdrawal processes are somewhat easier at CMC Markets, while customer service quality is somewhat better than IG's.
Our experts rated the trading platform of CMC Markets as somewhat worse than the platform of IG, found that clients have access to less markets and products with CMC Markets, while IG provides less useful research and education.