City Credit Capital
CMC Markets
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Overview
City Credit Capital was founded in 2001 and is headquartered in UK, while CMC Markets was established in 1989 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. City Credit Capital serves 10,000+ clients worldwide; CMC Markets has 10,000+. The minimum deposit is $500 at City Credit Capital and $200 at CMC Markets.
| Feature | City Credit Capital | CMC Markets |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Founded | 2001 | 1989 |
| Country | UK | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Credit Capital 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 $500 at City Credit Capital). CMC Markets charges withdrawal fees while City Credit Capital does not, giving City Credit Capital an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | City Credit Capital | CMC Markets |
|---|---|---|
| Min. Deposit | $500 | $200 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
City Credit Capital offers MT4, MT5, cTrader, while CMC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Credit Capital supports social and copy trading features, which CMC Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | City Credit Capital | 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 | Mac, Web Trader, 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 City Credit Capital 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 | City Credit Capital | 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. City Credit Capital accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while CMC Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | City Credit Capital | CMC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both City Credit Capital and CMC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. City Credit Capital supports 2 languages and CMC Markets supports 8, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | City Credit Capital | CMC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian |