CMC Markets vs Forex.com: Which One is Better for You?


CMC Markets vs Forex.com, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between CMC Markets vs Forex.com, here is the direct comparison:

Feature CMC Markets Forex.com

Rating

General Rating 3.97/5
Trustpilot 4.3/5
2.3/5

General Information

Office(s) Australia, Canada, China, Germany, Hong Kong, Italy, New Zealand, Singapore, Sweden, United Kingdom Australia, United Kingdom, United States
Regulation FCA (UK), 173730
CFTC/NFA, 0339826
FCA (UK), 190864
FSA (Japan), 1539
IIROC, May 10, 2012
Established 1989 1999
Minimum Deposit $1 $250
Maximum Leverage 1:500 1:200
Spread Fixed Variable
Commissions
Minimum Position 0.0002 lot 0.1 lot
Payment Credit/debit cards Credit/debit cards, SOFORT, Wire transfer

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Futures
Oil
Binary options
Metals
Energies
ETF
Bonds
Agriculture
Soft commodities
Options

Customer Support

Website Languages Chinese, Danish, Finnish, French, German, Italian, Japanese, Norwegian, Spanish, Swedish Chinese, English
Email Support
Call Support
Chat Support

User Reviews

Brian Kernel

Jul 22 2020

Forex.com takes a long time to withdraw (it can take more than 1 week). Somehow, Forex.com is a well-known and clearly registered broker. The important thing of this broker is their pair has a suffix (EURUSD to EURUSDPRO). For EA users, this suffix is quite annoying. It must be modified related to EA code as well.


Devina

Jul 22 2020

Forex.com is a good broker. I have tried the demo and planned to move to a real account sooner. My first deposit is going to be USD5,000.00. I wish it goes well xoxo




Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, CMC Markets provides their pricing with Fixed while Forex.com offers Variable.



CMC Markets vs Forex.com: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, CMC Markets enables trading with CFD Platform, Spread Betting Platform. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, Forex.com provides trading with MetaTrader 4 (Limited with 30 days), DealBook 360 (Limited with 30 days), FOREXTrader PRO (Limited with 30 days), Forex.com Website Trading with the support of Browser-based platform, Pending orders.



Is CMC Markets or Forex.com better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, CMC Markets supports trading with Forex, CFD, Indexes, Soft commodities, Spread betting, Cryptocurrencies, Binary options, while Forex.com presents the ability of trading with Forex, CFD, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:

Trade with the Best Broker, Win Like a Boss

For more comparisons, visit this page.




Give Your Comment Here