CMC Markets
ForexVox
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
CMC Markets was founded in 1989 and is headquartered in UK, while ForexVox was established in 2019 and is based in UK. CMC Markets holds licences including Financial Conduct Authority (FCA), while ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom among others. CMC Markets serves 10,000+ clients worldwide; ForexVox has 10,000+. The minimum deposit is $200 at CMC Markets and $0 at ForexVox.
| Feature | CMC Markets | ForexVox |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 |
| Founded | 1989 | 2019 |
| Country | UK | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and ForexVox, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $200 at CMC Markets). Both brokers charge withdrawal fees. CMC Markets applies inactivity fees on dormant accounts; ForexVox does not. Overall, ForexVox scores higher on fees in our assessment.
| Feature | CMC Markets | ForexVox |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
CMC Markets offers MT4, MT5, cTrader, while ForexVox supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. ForexVox 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 | ForexVox |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Binary, Tablet & Mobile apps | MT4, MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and ForexVox compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. CMC Markets integrates third-party research tools (Trading Central, Autochartist); ForexVox 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 | ForexVox |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| 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 ForexVox supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ForexVox uniquely supports PayPal and Skrill and Neteller among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | ForexVox |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 ForexVox offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and ForexVox supports 4, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | ForexVox |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, Russian, Indonesian, Malaysian |