AvaTrade vs CMC Markets - Fees Review included
Which broker is better AvaTrade or CMC Markets? Our expert assessment conducted according to TU’s own methodology showed that AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.16 out of 10. CMC Markets is one of the top brokers in the financial market with the TU Overall Score of 5.98 out of 10. Find out more about TU Overall Score.
| Feature | AvaTrade | CMC Markets |
|---|---|---|
Overall |
4.6 |
3.9 |
4.7 |
4.5 |
|
4.4 |
4.4 |
|
4.4 |
4.8 |
|
Investment Instruments |
4.2 |
1 |
Platforms and Charting Tools |
4.6 |
3.4 |
Deposit and Withdrawal |
4.7 |
3.9 |
Research |
4.4 |
3.7 |
Education |
4.8 |
3.9 |
Support |
4.6 |
4.3 |
Bonuses |
3.9 |
1 |
|
|
AvaTrade vs CMC Markets: Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
CMC Markets (https://www.CMC Markets.com/en/) is one of the leading companies in Forex and CFD trading, founded in 1989. The broker is regulated by the FCA (UK Financial Conduct Authority). The company provides a wide range of trading assets, including indices, stocks, and cryptocurrencies. Solid experience in the financial services market, regulation in the UK, and segregated accounts for clients are the foundation of a high level of traders' trust. The broker also has a risk management program. CMC Markets is popular in many countries, for example, in Australia.
| AvaTrade | CMC Markets | |
|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | a wide range of assets |
| a wide range of trading instruments | FCA-regulated broker | |
| Swap-free account | high level of security and compensation in case the company is recognized as illiquid | |
| Advanced copy trading tools | ||
| A lot of educational content | ||
| Low fees | ||
| Optioins trading | ||
| Overall Cons | customer service efficiency and response time | No direct trading, only CFDs and spread betting |
| There is no ECN account | The CMC Markets broker does not provide investment programs for clients | |
| Market maker(dealing desk) type of broker |
AvaTrade vs CMC Markets: Safety and Regulation
| Regulated By: | AvaTrade | CMC Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577) |
MC Markets Germany GmbH is a company licensed and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 154814 |
AvaTrade vs CMC Markets: Trading Conditions
| Trading Conditions | AvaTrade | CMC Markets |
|---|---|---|
Minimum Deposit |
$100 |
$0 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
MT4 |
Max Leverage (Futures) |
1-400 |
1-30 |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Spread Betting Account, CFD Account, Corporate Account, and Demo Account |
Trading assets |
100+ |
10000+ |
Trading Accounts |
Standard, Professional account |
Spread Betting, CFD Account, Corporate Account |
Base Account Currencies |
EUR, USD |
USD, EUR, GBP |
AvaTrade vs CMC Markets: Fees
Forex Trading Fees
| Fee | AvaTrade | CMC Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.9 pips |
0.7 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | AvaTrade | CMC Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread, Share CFDs: US market - 0.02 USD per share: UK market - 0.10%, Germany, Spain, France markets - 0.1% |
Non-Trading Fees
| Fee | AvaTrade | CMC Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
$50 per quarter after 3 months of inactivity |
£10 per month |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AvaTrade vs CMC Markets: Trading Assets
| Asset Name | AvaTrade | CMC Markets |
|---|---|---|
Overall |
1000+ |
10000+ |
Forex |
Yes |
Yes (CFD) |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
AvaTrade or CMC Markets: Investment Programs
| Asset Name | AvaTrade | CMC Markets |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
Bonds |
The CMC Markets broker does not provide investment programs for clients |
Trading Platforms: CMC Markets or AvaTrade
| AvaTrade | CMC Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
AvaTradeGo, AvaOptions |
No |
Others |
No |
No |
|
|
AvaTrade vs CMC Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AvaTrade | CMC Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for Australian and EU clients) |
No |
Crypto |
No |
No |
AvaTrade vs CMC Markets: Research
| Research Type | AvaTrade | CMC Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
AvaTrade vs CMC Markets: Education
| Education Type | AvaTrade | CMC Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
no |
CMC Markets vs AvaTrade: Support
| Support Features | AvaTrade | CMC Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
AvaTrade vs CMC Markets: Forex Bonuses and Promo
| Promo | AvaTrade | CMC Markets |
|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
No |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
Gray Label is targeted at licensed investment companies and trading account management firms. It allows you to copy the trading conditions of a broker. Cooperation is discussed individually with each partner. White Label allows the broker to use the CMC Markets network to promote the broker’s business. API Direct provides access to CFD and FX liquidity and stable prices for over 400 assets. Prime Derivatives allow counterparties to trade CFDs through the FIX API that is located in multiple data centers around the world and connected directly to the order management system. |
Other Promos |
No |
|
|
|
Top 5 Reviews on CMC Markets
-
Comment
CMC Markets suits me when it comes to trading. Although I have been working with this company for a little over a year, I managed to withdraw trading profits several times. Withdrawing funds from CMC Markets is not fast because I use bank transfer. Of course, there is a fee. But the broker seems reliable, although there are some disadvantages.
-
Comment
I do not recommend that you continue working with CMC мarkets. The conditions there are not good at all. Spreads are high, swaps are crazy, and the platform operates disgustingly. Therefore, if you want to trade, trade with normal brokers. There are many of them - you can confidently take the top 10 companies from the rating and open an account there.
-
Comment
Trading on the СMC мarkets platform is a complex task. Achieving sustainable profits here requires extensive experience and skills. The broker charges high fees and sets consistently high spreads. This can make you a losing trader in the long run and the broker will take advantage of this knowing that you may end up losing. Therefore, I do not recommend that novice traders choose СMC мarkets for trading, since it is unlikely that they will be able to remain in the black for a long time.
-
Comment
I still don’t understand why CMC Markets exists? It seems to allow you to trade, explore the platform, start trading on a demo account, and even trade with real money. Naturally, there is a problem. If you lose, everything is fine, but if you win, they don’t allow you to withdraw your profits. The funny thing is that you can withdraw exactly as much as you deposited into the company. I deposited $500, which is exactly what I got back. But they don’t allow you to withdraw your profits. CMC Markets is some kind of fraud!
-
Comment
Nothing special. I’ve have seen better companies than CMC Markets, the most ordinary broker. There is nothing that makes it stand out from the line of average brokers. There are many disadvantages, so if you are already an experienced trader, you can look for another broker. It is almost impossible to earn anything here. CMC Markets may be helpful for training. But I don’t recommend transferring a lot of money here.
Top 5 Reviews on AvaTrade
-
Comment
I decided to test the waters with AvaTrade by using their demo account, and I must say, the experience was quite good. It helped me get familiar with the platform and how trading works. Now, I'm considering transitioning to a real account. However, my final verdict hinges on how smooth the deposit and withdrawal processes are. If these aspects meet my expectations, AvaTrade will definitely earn a 5-star rating from me. Otherwise, it might drop to 3 or 4 stars. Nonetheless, I appreciate the overall experience and commend the team for their efforts.
-
Comment
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries. If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options. However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away. Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
-
Comment
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
-
Comment
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
-
Comment
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.