Higher Rated
CMC Markets
Capital at risk · T&Cs apply
In the dynamic world of online trading, AvaTrade and CMC Markets stand out as prominent brokers, each catering to distinct trader needs. AvaTrade, founded in 2006 and headquartered in Dublin, is favoured by traders who appreciate a wide range of markets including forex, CFDs, and cryptocurrencies, along with strong educational resources and copy trading options. In contrast, CMC Markets, established in 1989 in London, appeals to experienced traders seeking extensive market access with over 10,000 instruments and an award-winning proprietary platform, all without a minimum deposit requirement. While AvaTrade offers a slightly more competitive leverage of 1:400, CMC Markets provides tighter spreads from 0.7 pips, making it ideal for cost-conscious traders.
AvaTrade
CMC Markets
| AvaTrade | CMC Markets | |
|---|---|---|
| BrokerRank Score | 4.0/5 | 4.0/5 ✓ |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.9 pips | 0.7 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS | FCA, ASIC, MAS |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MT4 |
CMC Markets is the better choice overall, scoring 4.0/5 vs 4.0/5 on BrokerRank's independent rating. On fees, CMC Markets offers lower spreads (0.7 pips).
See full side-by-side comparison belowAvaTrade
CMC Markets
WinnerAvaTrade
CMC Markets
Lower feesAvaTrade and CMC Markets both uphold strong regulatory standards, providing traders with a sense of security. AvaTrade is regulated by several reputable bodies including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). This multi-jurisdictional regulation ensures that AvaTrade adheres to stringent compliance and safety protocols, offering robust fund protection schemes.
Similarly, CMC Markets is regulated by the FCA, ASIC, and MAS, parallel to AvaTrade, thus ensuring a high level of safety for investors. The regulatory oversight from these bodies is pivotal in safeguarding traders' funds and upholding market integrity. Both brokers offer compensation schemes — the UK clients of both brokers are protected under the Financial Services Compensation Scheme (FSCS) which covers up to £85,000.
When it comes to fees and spreads, AvaTrade offers spreads starting from 0.9 pips, with no commission on most accounts, which can be appealing to traders seeking cost-effective trading solutions. However, AvaTrade does charge an inactivity fee of $50 after three months of inactivity. The minimum deposit required to open an account with AvaTrade is $100, with a maximum leverage of 1:400.
Conversely, CMC Markets offers tighter spreads starting from 0.7 pips and also does not charge commissions. Importantly, CMC Markets has no minimum deposit requirement, making it more accessible for new traders. The maximum leverage offered by CMC Markets is 1:500, which could appeal to those looking for higher leverage trading opportunities. Like AvaTrade, CMC Markets has an inactivity fee, but it only applies after 12 months of inactivity.
AvaTrade offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary mobile platform, providing flexibility for traders who prefer established trading software. CMC Markets, on the other hand, provides its award-winning Next Generation platform alongside MT4. The Next Generation platform is highly regarded for its advanced charting tools and customisability, making it a strong choice for technical traders.
For beginners, CMC Markets is the preferable choice due to its no minimum deposit and award-winning platform. For professional traders, AvaTrade stands out with its strong regulatory compliance and copy trading features. In terms of fees, CMC Markets offers slightly better conditions with tighter spreads and no minimum deposit requirement.
AvaTrade
4.0/5
Choose AvaTrade if you want…
Similar strengths to CMC Markets — compare below.
CMC Markets
4.0/5
Choose CMC Markets if you want…
CMC Markets scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 rating vs CMC Markets's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
AvaTrade offers spreads from 0.9 pips, while CMC Markets starts at 0.7 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. CMC Markets requires $0.
AvaTrade is regulated by FCA, ASIC, MAS, while CMC Markets holds licences from FCA, ASIC, MAS.
AvaTrade supports MT4, MT5, Proprietary Mobile. CMC Markets supports Proprietary Web, Proprietary Mobile, MT4.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.