CMC Markets vs CommSec
CMC Markets vs CommSec Side by Side
Selecting between CMC Markets vs CommSec and wish to see who is better Broker for your trading strategy? We made a detailed comparison between CMC Markets Review and CommSec Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Licenses||UK, Australia, Canada, Singapore, New Zealand||Australia|
|Minimum Deposit||0 US$||500 US$|
|Trading Platforms||CMC Web, CMC Mobile, MT4||CommSec, CommSecIRESS|
|Eurusd avg Spread||0.7 pips||Commission charge|
|Licenses Countries Info (short)|
Both CMC Markets vs CommSec brokers have decades of experience in the market, are respected and reputable. However, CommSec holds only Australian license, compared to CMC Markets with several top-tier licenses, which is obviously an advantage here.
Being Market Makers both CMC Markets vs CommSec offer unique fixed spreads and provide a great opportunity for beginning traders and some strategies. Also, in comparison to the STP brokers, Market Makers have less volatile quote allocation with a smoother offering.
Trading conditions are similar with a slight advantage to CMC Markets. There are no restriction on strategies like hedging or scalping, but only CMC Markets also offer an expert advisor.
Fees & Commissions
|Inactivity Feemonth||10 $||25 $|
|Deposit fee||0 $||0 $|
|Withdrawal fee||0 $||0 $|
|Rollover fee eurusd buy 1 lot||-0.0027%||Commission charge|
|Rollover fee eurusd sell 1 lot||+0.0027%||Commission charge|
|Avg Eurusd standard acc||0.7 pips||Commission charge|
|Brent oil||3 pips||0.49%|
Both CMC Markets vs CommSec Brokers offer relatively low trading fees, but there are brokers’ pricing models to consider. CommSec trading fees are actually based on a commission basis, that are depending on the instrument you trade, as well as getting lower as long as your trading size increases. Meanwhile, CMC Market Low Spread is truly considered among the brokers advantages.
CMC Markets account types including CMC Markets CFD trading and Corporate Account, where for standard trading there is a single account feature. At the same time, CommSec offers a pretty unique way of investments, while there is not typical account opening but a tailored solution to trader’s investment.
Markets & Instruments
Maybe it looks like the CommSec portfolio is particularly limited compared to CMC Markets offer. However, apart from numerous trading instruments including Shares, Options, Cash, Fixed Income Securities, Equities, ETFs and International Funds, CommSec also allows enhancing your portfolio by unique offerings.
CommSec mainstays on its own powerful trading software with the same name, which is aggregated by the front-end technology and powerful feature, all packed with the utmost level of security. CMC Markets also has a patent powerful platform ranked by highest surveys and analyses. Additionally, CMC Markets offers MetaTrader4 and has a Spread Betting option on its platform, making it an advantage for its traders.
Deposit & Withdrawal Methods
Both CMC Markets vs CommSec have relatively “modest” set of payment methods, which is limited to bank transfers, Visa/ Master Cards and one e-wallet. However, narrowed variability of financial instruments is compensated by the quality of the services, as payments execution is fast and simple.
Both CMC Markets and CommSec understand the necessity of good quality customer service and support and take client satisfaction quite a priority and keep it on a very sustainable and professional level. Both brokers developed not only great learning materials which making trading an understandable process. But also support with insights, Webinars and everything you need to get started or follow the success trading path.
Conclusion on CMC Markets vs CommSec
Concluding CMC Markets vs CommSec comparison we found both brokers are reliable and trustworthy with solid international offers and well-regulated nature. Both brokers provide great trading conditions due to huge experience in the trading. However, we would give the advantage to CMC Markets for being better regulated, offering zero initial deposit and a top-notch customer support team. Here is our final recommendation:
- CMC Markets – 🥇Best Customer Support Broker for having one of the most powerful in the industry suitable for all the traders.
- CommSec – 🥇Best Commission Trading Broker for offering better conditions and low brokerage rates.