CMC Markets
Forex.com
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while Forex.com was established in 2001 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. CMC Markets serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $200 at CMC Markets and Typical at Forex.com.
| Feature | CMC Markets | Forex.com |
|---|---|---|
| Min. Deposit | $200 | Typical |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 1989 | 2001 |
| Country | UK | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Forex.com, directly affecting your bottom line as a trader. CMC Markets has a lower barrier to entry with a minimum deposit of $200 (vs Typical at Forex.com). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Forex.com charges deposit fees; CMC Markets does not. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | Forex.com |
|---|---|---|
| Min. Deposit | $200 | Typical |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
CMC Markets offers MT4, MT5, cTrader, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which CMC Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | CMC Markets | Forex.com |
|---|---|---|
| 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 | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and Forex.com 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 | Forex.com |
|---|---|---|
| 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 Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and Forex.com supports 3, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, Chinese, Arabic |