CMC Markets vs FxPro 2026: Which Broker is Better?

Regulation & Safety

CMC Markets and FxPro are both headquartered in London and are regulated by the Financial Conduct Authority (FCA), one of the most stringent regulatory bodies globally. CMC Markets also benefits from additional oversight by the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS), providing a broad spectrum of regulatory coverage. This multi-jurisdictional regulation adds an extra layer of security and reliability, ensuring client funds are protected under robust financial standards.

FxPro, in addition to FCA regulation, is also governed by the Cyprus Securities and Exchange Commission (CySEC) and ASIC. This regulatory framework ensures that FxPro offers negative balance protection and segregated client accounts, which are essential for safeguarding traders' investments. Both brokers have implemented fund protection schemes, but CMC Markets’ larger regulatory footprint might appeal to traders who prioritise stringent oversight.

Fees & Spreads

When it comes to fees and spreads, CMC Markets offers a spread starting from 0.7 pips, which can vary depending on the asset class. Notably, CMC Markets charges no commission, making it appealing for cost-conscious traders. It also boasts a $0 minimum deposit, allowing easy market entry for beginners. However, traders should be aware of potential inactivity fees after 12 months of non-use.

FxPro provides spreads starting from 0.6 pips, slightly lower than CMC Markets, which can be advantageous for frequent traders. Like CMC Markets, FxPro charges no commissions, and it supports a maximum leverage of 1:500. However, FxPro requires a $100 minimum deposit, which could be a barrier for beginners. Overnight fees are competitive, but traders should closely monitor these costs, especially for longer-term positions.

Trading Platforms

CMC Markets offers its proprietary Web and Mobile platforms, along with support for MetaTrader 4 (MT4), catering to a wide range of trading styles. Its Next Generation platform is award-winning, known for its advanced charting tools and customisation options. FxPro, on the other hand, supports both MetaTrader 4 and MetaTrader 5, as well as its proprietary Web and Mobile platforms. FxPro's platforms are renowned for their user-friendly interface and no dealing desk execution, appealing to traders who prefer direct market access.

Who Should Choose CMC Markets?

• Traders seeking a broker with extensive regulatory oversight.
• Investors interested in a wide range of instruments, including 10,000+ CFDs.
• Beginners looking for a no minimum deposit requirement.
• Traders who value advanced charting and customisation in trading platforms.

Who Should Choose FxPro?

• Forex traders who prefer slightly lower spreads starting from 0.6 pips.
• Investors who utilise MetaTrader 4 or 5 for their trading strategies.
• Traders who require negative balance protection and no dealing desk execution.
• Those who are comfortable with a $100 minimum deposit and seek a robust trading environment.

Our Verdict

For beginners, CMC Markets stands out due to its $0 minimum deposit and extensive regulatory oversight. Professional traders may prefer FxPro for its slightly lower spreads and multiple platform offerings. In terms of fees, both brokers are competitive, but CMC Markets edges out with its no commission structure and broader instrument range.