CMC Markets
Xtrade
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while Xtrade was established in 2003 and is based in Australia. CMC Markets holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. CMC Markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $200 at CMC Markets and $1 at Xtrade.
| Feature | CMC Markets | Xtrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1989 | 2003 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CMC Markets and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $200 at CMC Markets). CMC Markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. CMC Markets applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; CMC Markets does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | CMC Markets | Xtrade |
|---|---|---|
| Min. Deposit | $200 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
CMC Markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | CMC Markets | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CMC Markets and Xtrade compare. CMC Markets runs regular live webinars; Xtrade does not. CMC Markets has a video library; Xtrade does not. CMC Markets publishes daily market commentary; Xtrade does not. CMC Markets integrates third-party research tools (Trading Central, Autochartist); Xtrade 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 | Xtrade |
|---|---|---|
| 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 uniquely supports bank transfer and credit/debit card among the two brokers. CMC Markets scores higher on deposit and withdrawal flexibility.
| Feature | CMC Markets | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | CMC Markets | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | Not available |