CMC Markets
FXCM
VS
Higher Rated
CMC Markets
Capital at risk · T&Cs apply
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
WinnerFXCM
CMC Markets
FXCM
Lower fees
CMC Markets
4.0/5
Choose CMC Markets if you want…
FXCM
3.7/5
Choose FXCM if you want…
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.
CMC Markets offers spreads from 0.7 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
CMC Markets requires a minimum deposit of $0. FXCM requires $50.
CMC Markets is regulated by FCA, ASIC, MAS, while FXCM holds licences from FCA, ASIC.
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
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.