XBTFX vs CMC Markets - Fees Review included
Which broker is better XBTFX or CMC Markets? Our expert assessment conducted according to TU’s own methodology showed that XBTFX is one of the top brokers in the financial market with the TU Overall Score of 7.52 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 | XBTFX | CMC Markets |
|---|---|---|
Overall |
3.7 |
3.9 |
1.2 |
4.5 |
|
4.2 |
4.4 |
|
3.9 |
4.8 |
|
Investment Instruments |
4.6 |
1 |
Platforms and Charting Tools |
4.7 |
3.4 |
Deposit and Withdrawal |
4.5 |
3.9 |
Research |
3.8 |
3.7 |
Education |
3.5 |
3.9 |
Support |
4.1 |
4.3 |
Bonuses |
2.4 |
1 |
|
|
XBTFX vs CMC Markets: Pros and Cons
Established in 2019, XBTFX has been following its core goal to bridge the gap between the cryptocurrency market and brokerage companies. At the same time, the company runs its business based on the principles of high transparency and accessibility. XBTFX is a Cryptocurrency-based Forex and CFD provider that gives customers access to leveraged trading on digital assets and traditional financial markets.
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.
| XBTFX | CMC Markets | |
|---|---|---|
| Overall Pros | Crypto dposits | a wide range of assets |
| Big choice of supported crypto assets | FCA-regulated broker | |
| Copy trading and MAM services for investors | high level of security and compensation in case the company is recognized as illiquid | |
| Overall Cons | unregulated broker | No direct trading, only CFDs and spread betting |
| The CMC Markets broker does not provide investment programs for clients |
XBTFX vs CMC Markets: Safety and Regulation
| Regulated By: | XBTFX | CMC Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
Not regulated |
MC Markets Germany GmbH is a company licensed and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 154814 |
XBTFX vs CMC Markets: Trading Conditions
| Trading Conditions | XBTFX | CMC Markets |
|---|---|---|
Minimum Deposit |
$1 |
$0 |
Trading Platforms |
MT4, MT5, Webtrader, Mobile platforms |
MT4 |
Max Leverage (Futures) |
1-500 |
1-30 |
Supported Markets |
FX, Commodities, CFDs, CryptoCurrency, Share CFD, Commodities, Metals |
Spread Betting Account, CFD Account, Corporate Account, and Demo Account |
Trading assets |
150+ |
10000+ |
Trading Accounts |
Standard, ECN |
Spread Betting, CFD Account, Corporate Account |
Base Account Currencies |
BTC, ETH, XRP, USDT, USDC |
USD, EUR, GBP |
XBTFX vs CMC Markets: Fees
Forex Trading Fees
| Fee | XBTFX | CMC Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
0.7 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3.5 per lot |
Not supported |
ECN Account EUR Average Spread |
0.2 pips |
Not supported |
CFD Trading Fees
| Fee | XBTFX | CMC Markets |
|---|---|---|
CFD Trading Fee |
Crypto CFDs - 0.075% per deal, US Stock CFDs $0.10 per share, EU, ASIA, Russia stock CFDs - 0.45% |
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 | XBTFX | CMC Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
£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.
XBTFX vs CMC Markets: Trading Assets
| Asset Name | XBTFX | CMC Markets |
|---|---|---|
Overall |
200+ |
10000+ |
Forex |
Yes |
Yes (CFD) |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XBTFX or CMC Markets: Investment Programs
| Asset Name | XBTFX | CMC Markets |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
The CMC Markets broker does not provide investment programs for clients |
Trading Platforms: CMC Markets or XBTFX
| XBTFX | CMC Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
XBTFX vs CMC Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XBTFX | CMC Markets |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
No |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
No |
XBTFX vs CMC Markets: Research
| Research Type | XBTFX | CMC Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
XBTFX vs CMC Markets: Education
| Education Type | XBTFX | CMC Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
no |
CMC Markets vs XBTFX: Support
| Support Features | XBTFX | CMC Markets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
yes |
Online chat |
No |
Yes |
Other |
Twitter, Facebook, Reddit |
No |
XBTFX vs CMC Markets: Forex Bonuses and Promo
| Promo | XBTFX | CMC Markets |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Earn up to 30% of what your referrals pay in trading fees |
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 XBTFX
-
Comment
I have been working with XBTFX for three months and I am satisfied. Spreads are lower than with other companies. Slippages are fairly low if any. The platform workswithout any problems, I open and close orders instantly. And the support is adequate.
-
Comment
From the very beginning, XBTFX conditions suited me and I was satisfied with a minimum deposit. To achieve results, of course, you need more, but this is a good investment to start with for a novice trader. Then, when you become more experienced, you can increase it and get rich.
-
Comment
Good guys work at xbtfx and I often write to them in the chat. Everything is explained clearly, and I am satisfied with deposit and withdrawal methods. Fees are also good.
-
Comment
I would like to share my experience with XBTFX, which turned out to be a good choice. Among the positive aspects is that this broker allows scalping and also provides high leverage, which can be useful for experienced traders. The account opening process was incredibly fast and took only 3 minutes. I liked that the information on the XBTFX website is accessible, making it easy to interact with. All this made my work in the market easy and comfortable.
-
Comment
I have been trading with XBTFX since 2023, starting with small amounts. Now I am already trading with large amounts and I can wholeheartedly recommend this broker, because execution of orders is excellent and withdrawal of profits is very fast. The broker doesn't interfere with trading.
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.