Quick Facts

• 1. Company Founding: CMC Markets (1989) vs FOREX.com (2001)
• 2. Online Platforms: CMC Markets (Next Generation, MetaTrader 4) vs FOREX.com (FOREX.com Web Trading, MetaTrader 4, NinjaTrader)
• 3. Tradable Markets: CMC Markets (over 10,000) vs FOREX.com (over 180)
• 4. Leverage Options: CMC Markets (up to 500:1) vs FOREX.com (up to 400:1)
• 5. Minimum Deposit: CMC Markets (no minimum deposit) vs FOREX.com ($100)
• 6. Fees and Spreads: CMC Markets (competitive spreads, commission-free) vs FOREX.com (competitive spreads, commission-free)
• 7. Regulation: CMC Markets (FCA, ASIC) vs FOREX.com (CFTC, NFA, FCA, IIROC)
• 8. Mobile Trading: Both offer iOS and Android mobile apps
• 9. Demos and Education: Both offer demo accounts, tutorials, webinars, and educational resources
• 10. Customer Support: Both offer 24/5 customer support via phone, email, and chat

CMC Markets vs FOREX.com: A Comprehensive Comparison of Two Leading Forex Brokers

Introduction

Forex trading has become increasingly popular over the years, and with the rise of online trading platforms, it’s now easier than ever to get started. However, with so many forex brokers to choose from, it can be difficult to decide which one is right for you. In this article, we’ll be comparing two of the most well-established and reputable forex brokers: CMC Markets and FOREX.com. We’ll take a closer look at their features, fees, trading platforms, and customer support to help you make an informed decision.

CMC Markets Overview

CMC Markets is a UK-based online trading platform that was founded in 1989. With over 30 years of experience in the industry, CMC Markets has established itself as one of the most trusted and respected forex brokers. The company is regulated by several top-tier regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS).

FOREX.com Overview

FOREX.com is a US-based online trading platform that was founded in 1999. Owned by StoneX Group Inc., a global leader in online trading, FOREX.com has become a household name in the forex trading community. The company is regulated by several top-tier regulatory bodies, including the Commodity Futures Trading Commission (CFTC) in the US, the National Futures Association (NFA), and the FCA in the UK.

Trading Platforms

Both CMC Markets and FOREX.com offer a range of trading platforms to suit different trading styles and preferences.

CMC Markets Trading Platforms

• Next Generation: CMC Markets’ proprietary trading platform, designed for desktop and mobile devices. Offers advanced technical analysis tools, news and analysis, and risk management features.
• MetaTrader 4 (MT4): A popular third-party trading platform that allows for automated trading and customization.
• Mobile Trading Apps: CMC Markets offers mobile trading apps for iOS and Android devices, providing on-the-go access to your trading account.

FOREX.com Trading Platforms

• FOREX.com Platform: FOREX.com’s proprietary trading platform, designed for desktop and mobile devices. Offers advanced technical analysis tools, news and analysis, and risk management features.
• MetaTrader 4 (MT4): A popular third-party trading platform that allows for automated trading and customization.
• MetaTrader 5 (MT5): A more advanced version of MT4, offering improved features and functionality.
• FOREX.com Mobile Trading App: FOREX.com offers a mobile trading app for iOS and Android devices, providing on-the-go access to your trading account.

Fees and Spreads

Both CMC Markets and FOREX.com offer competitive fees and spreads, but there are some differences to consider.

CMC Markets Fees and Spreads

• Spreads: From 0.3 pips (EUR/USD) for major currency pairs.
• Commissions: From 0.1% to 0.5% for CFDs and shares.
• Overnight Funding: -3.2% to +3.2% per annum (varies depending on the market and instrument).
• Inactivity Fee: £10 per month (charges only if account is inactive for more than 12 months).

FOREX.com Fees and Spreads

• Spreads: From 1.4 pips (EUR/USD) for major currency pairs.
• Commissions: From 1.4 pips to 3.3 pips for majors (tighter spreads for premium accounts).
• Overnight Funding: -3.2% to +3.2% per annum (varies depending on the market and instrument).
• Inactivity Fee: $15 per month (charges only if account is inactive for more than 12 months).

Research and Education

Both CMC Markets and FOREX.com offer a range of research and education resources to help traders of all levels.

CMC Markets Research and Education

• Market Analysis: Daily and weekly market analysis from CMC Markets’ team of experts.
• Technical Analysis: Advanced technical analysis tools and training.
• Webinars and Seminars: Regular webinars and seminars covering various trading topics.
• Trade Explorer: A powerful trading tool that helps you identify potential trading opportunities.

FOREX.com Research and Education

• Market Analysis: Daily and weekly market analysis from FOREX.com’s team of experts.
• Technical Analysis: Advanced technical analysis tools and training.
• Webinars and Seminars: Regular webinars and seminars covering various trading topics.
• News and Analysis: Real-time news and analysis from leading providers, including Dow Jones and Reuters.

Customer Support

Both CMC Markets and FOREX.com offer excellent customer support to help traders with any questions or issues.

CMC Markets Customer Support

• Live Chat: 24/5 live chat support.
• Phone: 24/5 phone support from local offices.
• Email: 24/7 email support.
• FAQs: Comprehensive FAQs and knowledge base.

FOREX.com Customer Support

• Live Chat: 24/5 live chat support.
• Phone: 24/5 phone support from local offices.
• Email: 24/7 email support.
• FAQs: Comprehensive FAQs and knowledge base.

FOREX Broker Comparison: CMC Markets vs FOREX.com