CMC Markets
Commonwealth Securities
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while Commonwealth Securities was established in 1999 and is based in Australia. CMC Markets holds licences including Financial Conduct Authority (FCA), while Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. CMC Markets serves 10,000+ clients worldwide; Commonwealth Securities has 10,000+. The minimum deposit is $200 at CMC Markets and $5000 at Commonwealth Securities.
| Feature | CMC Markets | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $200 | $5000 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1989 | 1999 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Commonwealth Securities, directly affecting your bottom line as a trader. CMC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $5000 at Commonwealth Securities). CMC Markets charges withdrawal fees while Commonwealth Securities does not, a notable advantage for frequent withdrawers. CMC Markets applies inactivity fees on dormant accounts; Commonwealth Securities does not. Commonwealth Securities charges deposit fees; CMC Markets does not. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $200 | $5000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
CMC Markets offers MT4, MT5, cTrader, while Commonwealth Securities supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Commonwealth Securities supports social and copy trading features, which CMC Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | CMC Markets | Commonwealth Securities |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Binary, Tablet & Mobile apps | Metatrader 4 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and Commonwealth Securities 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 | CMC Markets | Commonwealth Securities |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CMC Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Commonwealth Securities supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CMC Markets | Commonwealth Securities |
|---|---|---|
| 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 CMC Markets and Commonwealth Securities offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and Commonwealth Securities supports 2, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | Commonwealth Securities |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, and Chinese |