afx group
CMC Markets
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Overview
afx group was founded in 2013 and is headquartered in Geneva, while CMC Markets was established in 1989 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. afx group serves 14,000,000+ clients worldwide; CMC Markets has 10,000+. The minimum deposit is $250 at afx group and $200 at CMC Markets.
| Feature | afx group | CMC Markets |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220 | Financial Conduct Authority (FCA) |
| Founded | 2013 | 1989 |
| Country | Geneva | UK |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between afx group and CMC Markets, directly affecting your bottom line as a trader. CMC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $250 at afx group). CMC Markets charges withdrawal fees while afx group does not, giving afx group an edge for frequent withdrawers. CMC Markets applies inactivity fees on dormant accounts; afx group does not. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | afx group | CMC Markets |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
afx group offers MT4, MT5, cTrader, while CMC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | afx group | CMC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how afx group and CMC Markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. CMC Markets scores higher overall in education and research.
| Feature | afx group | CMC Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. afx group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while CMC Markets supports 2 (bank transfer, credit/debit card). afx group uniquely supports PayPal and Skrill and Neteller among the two brokers. afx group scores higher on deposit and withdrawal flexibility.
| Feature | afx group | CMC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both afx group and CMC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | afx group | CMC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian |