CMC Markets vs FXCM 2026: Which Broker is Better?
In the realm of online trading, CMC Markets and FXCM are two prominent brokers headquartered in London, each catering to different trading needs. CMC Markets, with its award-winning Next Generation platform and extensive range of over 10,000 instruments, appeals to traders seeking a comprehensive CFD and forex trading experience without a minimum deposit requirement. In contrast, FXCM attracts forex traders looking for low spreads, particularly on major currency pairs, and those interested in automated trading, albeit with a smaller product range. The key difference lies in CMC Markets' broader market offerings and higher leverage, compared to FXCM's focus on forex and competitive spreads.
CMC Markets
FXCM
| CMC Markets | FXCM | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.7/5 |
| Min. Deposit | $0 ✓ | $50 |
| Spread from | 0.7 pips | 0.2 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:400 |
| Regulation | FCA, ASIC, MAS ✓ | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, Proprietary Web, Proprietary Mobile |
CMC Markets is the better choice overall, scoring 4.0/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowCMC Markets vs FXCM: Key Differences
CMC Markets
WinnerFXCM
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Fees Comparison
CMC Markets
FXCM
Lower feesBrokerRank Verdict
Who Should Choose Which?
CMC Markets
4.0/5
Choose CMC Markets if you want…
- Higher overall rating (4.0/5)
- No minimum deposit
- Higher leverage (up to 1:500)
- More regulatory licences (3)
FXCM
3.7/5
Choose FXCM if you want…
- Tighter spreads (from 0.2 pips)
Also consider
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Both CMC Markets & FXCM are available in
Frequently Asked Questions
1Is CMC Markets better than FXCM?
CMC Markets scores higher overall on our independent rating system. CMC Markets holds a 4.0/5 rating vs FXCM's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, CMC Markets or FXCM?
CMC Markets offers spreads from 0.7 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for CMC Markets vs FXCM?
CMC Markets requires a minimum deposit of $0. FXCM requires $50.
4Which broker is safer, CMC Markets or FXCM?
CMC Markets is regulated by FCA, ASIC, MAS, while FXCM holds licences from FCA, ASIC.
5What trading platforms do CMC Markets and FXCM support?
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both CMC Markets and FXCM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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