CMC Markets
fxgrow
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while fxgrow was established in 2014 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. CMC Markets serves 10,000+ clients worldwide; fxgrow has 3,500,000+. The minimum deposit is $200 at CMC Markets and $250 at fxgrow.
| Feature | CMC Markets | fxgrow |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F245 |
| Founded | 1989 | 2014 |
| Country | UK | USA |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and fxgrow, directly affecting your bottom line as a trader. CMC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $250 at fxgrow). CMC Markets charges withdrawal fees while fxgrow does not, a notable advantage for frequent withdrawers. CMC Markets applies inactivity fees on dormant accounts; fxgrow does not. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | fxgrow |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
CMC Markets offers MT4, MT5, cTrader, while fxgrow supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxgrow 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 | fxgrow |
|---|---|---|
| MT4 | Yes | No |
| 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, Mac, ZuluTrade, Web Trader, cTrader, 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 fxgrow compare. CMC Markets runs regular live webinars; fxgrow does not. CMC Markets has a video library; fxgrow does not. CMC Markets publishes daily market commentary; fxgrow does not. CMC Markets integrates third-party research tools (Trading Central, Autochartist); fxgrow 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 | fxgrow |
|---|---|---|
| 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 fxgrow supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxgrow uniquely supports PayPal and Skrill and Neteller among the two brokers. fxgrow scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | fxgrow |
|---|---|---|
| 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 fxgrow offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | CMC Markets | fxgrow |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |