CMC Markets
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78% of retail CFD accounts lose money.

Vs.

XM
Visit

74.89% of retail CFD accounts lose money.

CMC Markets Vs. XM - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Dec 22 2022

Visit

78% of retail CFD accounts lose money.

Visit

74.89% of retail CFD accounts lose money.

Overview

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

Best For
  • Professional high volume traders looking to offset the cost of commissions through larger trades
  • Intermediate and professional traders looking for a professional custom platform with customisable layouts
  • Experienced traders looking to trade shares in high volume using their Zero account
  • MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

5

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FCA (UK)
  • IIROC (Canada)
  • MAS (Singapore)
  • BaFin (Germany)
  • ASIC (Australia)
  • CySec (Cyprus)
  • ADGM (United Arab Emirates)
The Good
  • Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
  • Powerful professional platform with customisable layouts and integrated reuters feed
  • Competitive commissions on their Zero account
  • Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
The Bad
  • High commissions on stocks and ETFs
  • Platform is not beginner friendly
  • No proprietary platforms or technology
  • Expensive spreads and trading fees
  • Lack of asset variety when compared to other brokers in the same range
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
1989 2009
💳 Minimum Deposit Range
0 $5
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 Account Base Currencies
10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD. 11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, JP, SY, ZA, IR.

US, CA.

📊 STP Account
No No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
11,885 1,382
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
10,169 1,286
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
330 57
📗 Commodities
0 0
📗 Commodities CFDs
124 15
📕 Indices
0 0
📕 Indices CFDs
95 14
📔 ETFs
0 0
📔 ETFs CFDs
1,084 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
18 0
📒 Bonds
0 0
📒 Bonds CFDs
55 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
10 10
Trading Experience
📈 Minimum Stock Trade Size
1 Share Variable - Fractions allowed
📉 Minimum ETFs Trade Size
1 ETF Unavailable
📈 Minimum Crypto Trade Size
Variable (eg: 1 BTC) Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $100 (0.001 Lots)
📈 Minimum Commodities Trade Size
1 Contract Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
1 Contract Unavailable
📈 Minimum Futures Trade Size
1 Contract Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. 

Yes on Zero accounts ($7 per lot round turn).

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 1.7 Pips
📉 SP500
From 60 Pips Dynamic - From 40 Pips
📈 GOLD
From 30 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $9.4
📈 XLK (ETF - CFD)
Dynamic - Market Spread Unavailable
📉 BTC
Unavailable Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes No
📡 Video Tutorials
Yes No
📡 Account Management
No Yes
📡 Webinars
Yes Yes