CMC Markets
Nadex
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 Nadex was established in 2008 and is based in USA. CMC Markets holds licences including Financial Conduct Authority (FCA), while Nadex is regulated by Unregulated among others. CMC Markets serves 10,000+ clients worldwide; Nadex has 10,000+. The minimum deposit is $200 at CMC Markets and $250 at Nadex.
| Feature | CMC Markets | Nadex |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1989 | 2008 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Nadex, 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 Nadex). CMC Markets charges withdrawal fees while Nadex 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 | Nadex |
|---|---|---|
| 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 Nadex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex 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 | Nadex |
|---|---|---|
| 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 | Web,iPad,mac,Desktop,iPhoneiOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and Nadex compare. CMC Markets runs regular live webinars; Nadex does not. CMC Markets has a video library; Nadex does not. CMC Markets publishes daily market commentary; Nadex does not. CMC Markets integrates third-party research tools (Trading Central, Autochartist); Nadex 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 | Nadex |
|---|---|---|
| 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 Nadex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | CMC Markets | Nadex |
|---|---|---|
| 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 Nadex offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and Nadex supports 2, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | Nadex |
|---|---|---|
| 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 |