CMC Markets
Robinhood
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while Robinhood was established in 2013 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. CMC Markets serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $200 at CMC Markets and $0 at Robinhood.
| Feature | CMC Markets | Robinhood |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 1989 | 2013 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $200 at CMC Markets). CMC Markets charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. CMC Markets applies inactivity fees on dormant accounts; Robinhood does not. Robinhood charges deposit fees; CMC Markets does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | CMC Markets | Robinhood |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
CMC Markets offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood 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 | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Binary, Tablet & Mobile apps | Web Trader, 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 Robinhood compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | CMC Markets | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Robinhood supports 1 (bank transfer). CMC Markets uniquely supports credit/debit card among the two brokers. CMC Markets scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Robinhood offer live chat support. CMC Markets offers phone support; Robinhood does not. Email support is available at both brokers. CMC Markets supports 8 languages and Robinhood supports 13, giving Robinhood broader global reach. CMC Markets scores higher overall on customer support in our assessment.
| Feature | CMC Markets | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |