FXTM vs CMC Markets - Fees Review included
Which broker is better FXTM or CMC Markets? Our expert assessment conducted according to TU’s own methodology showed that FXTM is one of the top brokers in the financial market with the TU Overall Score of 5.9 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 | FXTM | CMC Markets |
|---|---|---|
Overall |
4.5 |
3.9 |
4.9 |
4.5 |
|
4.7 |
4.4 |
|
4.5 |
4.8 |
|
Investment Instruments |
4.2 |
1 |
Platforms and Charting Tools |
4.3 |
3.4 |
Deposit and Withdrawal |
4.6 |
3.9 |
Research |
4.5 |
3.7 |
Education |
4.6 |
3.9 |
Support |
4.4 |
4.3 |
Bonuses |
2.9 |
1 |
|
|
FXTM vs CMC Markets: Pros and Cons
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
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.
| FXTM | CMC Markets | |
|---|---|---|
| Overall Pros | Direct US stock trading with zero fees | a wide range of assets |
| Stock baskets | FCA-regulated broker | |
| 3 types of ECN accounts | high level of security and compensation in case the company is recognized as illiquid | |
| Low fees and near zero spreads | ||
| Well regulated forex broker | ||
| FXTM invest copy trading platform | ||
| Trading signals and trading calculators tools | ||
| Overall Cons | Lack of cryptocurrency | No direct trading, only CFDs and spread betting |
| The CMC Markets broker does not provide investment programs for clients |
FXTM vs CMC Markets: Safety and Regulation
| Regulated By: | FXTM | CMC Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ForexTime is registered with the UK Financial Conduct Authority (FCA) under the number 600475 and is regulated by the CySEC of Cyprus (under number 185/12) and the South African FSCA (number 46614). The broker is also regulated by the Financial Services Commission of the Republic of Mauritius, FSC (number C113012295). |
MC Markets Germany GmbH is a company licensed and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 154814 |
FXTM vs CMC Markets: Trading Conditions
| Trading Conditions | FXTM | CMC Markets |
|---|---|---|
Minimum Deposit |
$50 |
$0 |
Trading Platforms |
MT4, MT5 |
MT4 |
Max Leverage (Futures) |
1-2000 (not for all markets) |
1-30 |
Supported Markets |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
Spread Betting Account, CFD Account, Corporate Account, and Demo Account |
Trading assets |
1000+ |
10000+ |
Trading Accounts |
Standard, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
Spread Betting, CFD Account, Corporate Account |
Base Account Currencies |
USD, EUR, GBP, NGN |
USD, EUR, GBP |
FXTM vs CMC Markets: Fees
Forex Trading Fees
| Fee | FXTM | CMC Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1.5 pips |
0.7 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
Not supported |
ECN Account EUR Average Spread |
0.1 pips |
Not supported |
CFD Trading Fees
| Fee | FXTM | 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 | FXTM | CMC Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank 30 EUR, Card - 3 USD / 2 EUR / 2 GBP, FacaPay - 0.5% |
No |
Inactivity Fee |
$5 per month after 6 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.
FXTM vs CMC Markets: Trading Assets
| Asset Name | FXTM | CMC Markets |
|---|---|---|
Overall |
1000+ |
10000+ |
Forex |
Yes |
Yes (CFD) |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
FXTM or CMC Markets: Investment Programs
| Asset Name | FXTM | CMC Markets |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
No |
The CMC Markets broker does not provide investment programs for clients |
Trading Platforms: CMC Markets or FXTM
| FXTM | CMC Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FXTM invest |
No |
Others |
No |
No |
|
|
FXTM vs CMC Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FXTM | CMC Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
FXTM vs CMC Markets: Research
| Research Type | FXTM | CMC Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
FXTM vs CMC Markets: Education
| Education Type | FXTM | CMC Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
no |
CMC Markets vs FXTM: Support
| Support Features | FXTM | CMC Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
callback, Telegram, Messenger Facebook, WhatsApp, |
No |
FXTM vs CMC Markets: Forex Bonuses and Promo
| Promo | FXTM | CMC Markets |
|---|---|---|
Forex Bonus |
cashback of up to $5 |
No |
Affiliate Program |
Refer a friend. For each new invited client, the partner receives $50 |
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 FXTM
-
Comment
I noticed a great difference between trading on a demo account and a live one with FXTM. There were no requotes or significant slippages on the demo account, which created the illusion of simple trading. However, when switching to a live account on the FXTM platform, some technical problems arose that made successful trading difficult. Apparently, real conditions require a more attentive and cautious approach to trading.
-
Comment
One day I decided to try my hand at trading with FXTM. However, they don't seem to be very interested in new traders. Managers from FXTM did not even want to help me complete the verification procedure to withdraw funds. In the end, I earned some money, provided them with the necessary documents, but they still blocked my user account when I submitted a withdrawal request. They refused to even discuss it and treated me rudely. FXTM managers are simply disrespectful.
-
Comment
I decided not to trade with FXTM. I won’t deny it, I limited myself to only testing a demo account with this company. It turned out that the order execution speed is very low, so orders are opened at unprofitable prices, and it is impossible to conduct a normal market analysis. I think I'm not the only one who encountered such problems at FXTM.
-
Comment
FXTM is creating problems when traders execute successful trades. At first glance, they give traders the opportunity to work and even withdraw small amounts of profit. However, as soon as profitable operations begin, difficulties occur. Withdrawing funds becomes problematic as support begins to suspect its clients of “dubious trades”. I don't recommend FXTM.
-
Comment
FXTM is a dishonest broker! I don’t even want to recall how I was deceived here! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! FXTM just completely took my deposit!
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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.