CMC Markets
Forex Financial Services
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while Forex Financial Services was established in 2008 and is based in Australia. CMC Markets holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. CMC Markets serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $200 at CMC Markets and $2500 at Forex Financial Services.
| Feature | CMC Markets | Forex Financial Services |
|---|---|---|
| Min. Deposit | $200 | $2500 |
| Regulation | Financial Conduct Authority (FCA) | Australian Securities and investment Commission (ASIC) |
| Founded | 1989 | 2008 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Forex Financial Services, directly affecting your bottom line as a trader. CMC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $2500 at Forex Financial Services). CMC Markets charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. CMC Markets applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; CMC Markets does not. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | Forex Financial Services |
|---|---|---|
| Min. Deposit | $200 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
CMC Markets offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services 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 Financial Services |
|---|---|---|
| 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 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and Forex Financial Services compare. CMC Markets runs regular live webinars; Forex Financial Services does not. CMC Markets has a video library; Forex Financial Services does not. CMC Markets publishes daily market commentary; Forex Financial Services does not. CMC Markets integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services 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 | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CMC Markets | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and Forex Financial Services supports 2, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | Forex Financial Services |
|---|---|---|
| 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 |