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

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. 

**The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information.

TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD.

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.

• Professional algorithmic traders looking to benefit from their comprehensive API offering.

• 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

• ASIC (Australia)
• CySec (Cyprus)
• FCA (United Kingdom)
• FSCA (South Africa)

• ASIC (Australia)
• FCA (UK)
• IIROC (Canada)
• MAS (Singapore)
• BaFin (Germany)

• Comprehensive API offering with a variety of conditions and programming languages at no additional cost
• Proprietary platform (Trading Station)

• 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

• Lack of asset variety in their offering (over 463+ financial instruments)
• Costly spreads when compared to similar competitors

• High commissions on stocks and ETFs
• Platform is not beginner friendly

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill

• Visa
• Mastercard
• Bank Transfer
• Paypal

RU, US, CA, JP, SK, BE and more.

US, JP, SY, ZA, IR.

50 units of the account's base currency yearly after 1 year of inactivity.

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

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

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