IG
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79% of retail CFD accounts lose money.

Vs.

CMC Markets
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78% of retail CFD accounts lose money.

IG Vs. CMC Markets - Compare and Choose the Right One

Updated Nov 23 2022

Visit

79% of retail CFD accounts lose money.

Visit

78% of retail CFD accounts lose money.

Overview

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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.

Best For
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

5

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • ASIC (Australia)
  • FCA (UK)
  • IIROC (Canada)
  • MAS (Singapore)
  • BaFin (Germany)
The Good
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
  • 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
The Bad
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
  • High commissions on stocks and ETFs
  • Platform is not beginner friendly
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
1974 1989
💳 Minimum Deposit Range
From 0 to $300. 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD. 10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

SY, IR.

US, JP, SY, ZA, IR.

📊 STP Account
No No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
Hybrid CFDs
Total Asset Offering
24,357 11,885
Exchange Access
8 0
📙 Real Stocks
10,000 0
📙 Stock CFDs
10,000 10,169
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
210 330
📗 Commodities
0 0
📗 Commodities CFDs
37 124
📕 Indices
0 0
📕 Indices CFDs
76 95
📔 ETFs
2,000 0
📔 ETFs CFDs
2,000 1,084
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
15 18
📒 Bonds
0 0
📒 Bonds CFDs
19 55
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 10
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 Share
📉 Minimum ETFs Trade Size
1 ETF 1 ETF
📈 Minimum Crypto Trade Size
0.01 Contracts Variable (eg: 1 BTC)
📉 Minimum FX Trade Size
1 Contract $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
1 Contract 1 Contract
📉 Minimum Bonds Trade Size
1 Contract 1 Contract
📈 Minimum Futures Trade Size
1 Contract 1 Contract
📉 Minimum Options Trade Size
1 Contract Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

After 24 months of inactivity, IG charges an $18 monthly fee.

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

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

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

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

Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 150 Pips From 60 Pips
📈 GOLD
Dynamic - From 50 Pips From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.03 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 0 Pips Dynamic - Market Spread
📉 BTC
Dynamic - From $1.03 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes Yes
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No Yes
📡 Account Management
No No
📡 Webinars
Yes Yes