CMC Markets
ifc markets
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 ifc markets was established in 2016 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. CMC Markets serves 10,000+ clients worldwide; ifc markets has 60,000+. The minimum deposit is $200 at CMC Markets and $250 at ifc markets.
| Feature | CMC Markets | ifc markets |
|---|---|---|
| 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-F259 |
| Founded | 1989 | 2016 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and ifc markets, 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 ifc markets). CMC Markets charges withdrawal fees while ifc markets does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, CMC Markets scores higher on fees in our assessment.
| Feature | CMC Markets | ifc markets |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
CMC Markets offers MT4, MT5, cTrader, while ifc markets supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. CMC Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | CMC Markets | ifc markets |
|---|---|---|
| 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 ifc markets compare. CMC Markets runs regular live webinars; ifc markets does not. Both provide video tutorials. CMC Markets publishes daily market commentary; ifc markets 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 | ifc markets |
|---|---|---|
| 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 ifc markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ifc markets uniquely supports PayPal and Skrill and Neteller among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | ifc markets |
|---|---|---|
| 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 ifc markets 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 | ifc markets |
|---|---|---|
| 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 |