Page Summary
XM Group and CMC Markets are leading online brokers with outstanding trading experiences. XM is a MetaTrader broker with straightforward platforms and tools. It has top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM stands out because of its leading educational content. We recommend it for new traders who want to improve their trading knowledge and skills.
CMC Markets is a trustworthy online broker with IIROC, MAS, FCA, and ASIC licenses. It offers an active trader discount for professional investors. CMC Markets has useful learning and research tools. We recommend it for both beginner and experienced investors.
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XM
CMC Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | £10 |
| Forex (EUR/USD) | 1.6 pips | 0.7 pips |
| Stocks & ETF | 0,1% – (min $5) | 0 |
| CFD (Gold) | 3 pips | 3.4 pips |
| Crypto | 0 | |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 330 |
| CFD Indices & Funds | 14 | 98 |
| CFD Stocks | 1286 | 9500 |
| CFD Commodities | 14 | 100 |
| CFD Crypto | 5 | 0 |
| CFD Bonds | 0 | 50 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the XM Group vs. CMC Markets review:
- XM offers access to leading educational content.
- CMC Markets offers a versatile portfolio and learning center for traders at all levels.
- Both brokers offer a virtual trading account to test their offering.
We recommend XM Group for new traders, as it has many learning and research tools. CMC Markets is an excellent choice for traders at all levels.
Level of experience
XM offers an excellent online trading experience with the complete MetaTrader suite. This suite comes with user-friendly tools, investor trading support, and a demo account. XM is a good choice for new investors as it has valuable learning materials.
CMC Markets offers market data from third-party sources, including Morningstar. It has in-house analysts who provide insights through its web interface. CMC Markets has both beginner-friendly and professional tools like webinars and real-time news.
Fees
The minimum deposit fee at XM starts at $5, while CMC Markets doesn’t charge a fee. The average EUR/USD spread at XM is 1.6, while at CMC Markets is 0.74. CMC Markets offers an active trader discount, while XM doesn’t.
Assets
CMC Markets has 158 forex currency pairs, while XM offers 57 pairs. CMC Markets provides access to 9852 CFDs, while XM has 1372 available CFDs.
Trading platform
XM is a leading MetaTrader broker without a proprietary platform. It offers the MT4 and MT5 suites with customizable and user-friendly tools. XM has a comprehensive research center with trading signals and tutorials. This broker offers diverse educational content, which is why we recommend it for beginners.
CMC Markets has a proprietary platform, Next Generation, and MetaTrader4. Its proprietary platform is easy to learn and secure. CMC Markets has many learning tools, including beginner tutorials. It offers professional research tools, which is why we recommend it for traders at all levels.
Banking services
Banking services contribute to an excellent online trading experience. XM Group offers bank wire, credit/debit cards, and Skrill. CMC Markets has bank wire, credit/debit cards, and PayPal.
Final verdict
XM Group and CMC Markets are leading online brokers in 2021. Both have strengths and weaknesses depending on your trading skills, experience, and goals. We recommend XM Group for new investors because of its many educational resources. CMC Markets is a good fit for traders at all levels who want access to valuable trading information.
XM compared to other brokers:
XM review