CMC Markets vs CommSec

CMC Markets
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.

Summary

FeatureCMC MarketsCommSec
Website//www.cmcmarkets.com//www.commsec.com.au
Founded year19891995
HeadquarterUKAustralia
LicensesUK, Australia, Canada, Singapore, New ZealandAustralia
Minimum Deposit0 US$500 US$
Trading PlatformsCMC Web, CMC Mobile, MT4CommSec, CommSecIRESS
Eurusd avg Spread0.7 pipsCommission charge

Licenses

FeatureCMC MarketsCommSec
Licenses Countries Info (short)
  • ASIC
  • IIROC
  • FMA
  • MAS
  • FCA
  • ASIC

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.

Broker Types

FeatureCMC MarketsCommSec
Broker types
  • Market Making
  • Market Making

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

FeatureCMC MarketsCommSec
Trading Conditions
  • beginners
  • guaranteed stop loss
  • expert advisor
  • hedging
  • scalping
  • beginners
  • commission
  • hedging
  • scalping

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

FeatureCMC MarketsCommSec
Inactivity Feemonth10 $25 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-0.0027%Commission charge
Rollover fee eurusd sell 1 lot+0.0027%Commission charge
Avg Eurusd standard acc0.7 pipsCommission charge
Gold30.40%
Brent oil3 pips0.49%
Bitcoin0.75%

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.

Account Types

FeatureCMC MarketsCommSec
Account types
  • Standard Account
    -

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

FeatureCMC MarketsCommSec
Forex330
Indices80
Commodities100
Cryptocurrencies15
Shares9,0002000+
Bonds56
Options✔️
Binary options
Spread betting✔️
Treasuries✔️
Futures
Etfs1000+✔️

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.

Trading Platforms

FeatureCMC MarketsCommSec
Platforms
  • own platform
  • MetaTrader 4
  • own platform

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

FeatureCMC MarketsCommSec
Payment methods
  • credit card
  • debit card
  • PayPal
  • credit card
  • debit card
  • BPay

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. 

Others

FeatureCMC MarketsCommSec
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • telephone
  • live chat
  • 24/5 availability

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.