CMC Markets
gcm forex
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while gcm forex was established in 2017 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. CMC Markets serves 10,000+ clients worldwide; gcm forex has 142,500+. The minimum deposit is $200 at CMC Markets and $250 at gcm forex.
| Feature | CMC Markets | gcm forex |
|---|---|---|
| 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-F248 |
| Founded | 1989 | 2017 |
| Country | UK | USA |
| Clients | 10,000+ | 142,500+ |
Fees
Fees are a critical factor when choosing between CMC Markets and gcm forex, 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 gcm forex). Both brokers charge withdrawal fees. CMC Markets applies inactivity fees on dormant accounts; gcm forex does not. gcm forex charges deposit fees; CMC Markets does not. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | gcm forex |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
CMC Markets offers MT4, MT5, cTrader, while gcm forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. gcm forex supports social and copy trading features, which CMC Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | CMC Markets | gcm forex |
|---|---|---|
| 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, 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 gcm forex compare. CMC Markets runs regular live webinars; gcm forex does not. Both provide video tutorials. CMC Markets publishes daily market commentary; gcm forex does not. Both integrate third-party research tools. CMC Markets maintains an archive of past webinars for on-demand viewing. CMC Markets scores higher overall in education and research.
| Feature | CMC Markets | gcm forex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
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 gcm forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). gcm forex uniquely supports PayPal and Skrill and Neteller among the two brokers. gcm forex scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | gcm forex |
|---|---|---|
| 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 gcm forex 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 | gcm forex |
|---|---|---|
| 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 |