CMC Markets
EagleFX
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while EagleFX was established in 2019 and is based in Dominica. CMC Markets holds licences including Financial Conduct Authority (FCA), while EagleFX is regulated by Unregulated among others. CMC Markets serves 10,000+ clients worldwide; EagleFX has 5,000+. The minimum deposit is $200 at CMC Markets and $10 at EagleFX.
| Feature | CMC Markets | EagleFX |
|---|---|---|
| Min. Deposit | $200 | $10 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1989 | 2019 |
| Country | UK | Dominica |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and EagleFX, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $200 at CMC Markets). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, EagleFX scores higher on fees in our assessment.
| Feature | CMC Markets | EagleFX |
|---|---|---|
| Min. Deposit | $200 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
CMC Markets offers MT4, MT5, cTrader, while EagleFX supports MT4, MT5, cTrader, a proprietary platform. CMC Markets offers a mobile trading app; mobile availability for EagleFX is limited. EagleFX supports social and copy trading features, which CMC Markets does not offer. CMC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | CMC Markets | EagleFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | Web Trader, Binary, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and EagleFX compare. CMC Markets runs regular live webinars; EagleFX does not. CMC Markets has a video library; EagleFX does not. CMC Markets publishes daily market commentary; EagleFX does not. CMC Markets integrates third-party research tools (Trading Central, Autochartist); EagleFX does not. CMC Markets maintains an archive of past webinars for on-demand viewing. CMC Markets scores higher overall in education and research.
| Feature | CMC Markets | EagleFX |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 EagleFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CMC Markets | EagleFX |
|---|---|---|
| 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 EagleFX offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and EagleFX supports 2, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | EagleFX |
|---|---|---|
| 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 |