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CMC Markets vs eToro
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Compare CMC Markets vs eToro Side by Side
Unsure whether to choose CMC Markets vs eToro and wonder which broker suits your needs more? Read our detailed comparison guide of CMC Markets and eToro Review, which includes a comparison of the safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | CMC Markets | eToro |
|---|---|---|
| Website | //www.cmcmarkets.com | //www.etoro.com |
| Founded year | 1989 | 2006 |
| Headquarter | UK | Israel |
| Licenses | UK, Australia, Canada, Singapore, New Zealand, Germany | UK, Australia, Cyprus, Seychelles |
| Minimum Deposit | 0 US$ | 50 US$ |
| Trading Platforms | CMC Web, CMC Mobile, MT4 | eToro platform |
| Eurusd avg Spread | 0.7 pips | 0.97 pip |
Licenses
| Feature | CMC Markets | eToro |
|---|---|---|
| Licenses Countries Info (short) |
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Both CMC Markets vs eToro are reputable brokerage firms regulated by well-established financial authorities, guaranteeing a secure and fair trading environment. These regulations encompass oversight from entities in the UK, Australia, and various international jurisdictions, ensuring their ability to provide services globally.
Broker Types
| Feature | CMC Markets | eToro |
|---|---|---|
| Broker types |
|
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Both CMC Markets vs eToro function as Market Maker Brokers, which means they operate by serving as the counterparty to their clients’ trades. This approach allows them to facilitate trading for their users.
Trading Conditions
| Feature | CMC Markets | eToro |
|---|---|---|
| Trading Conditions |
|
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Both brokers support a range of trading strategies, including hedging and social trading. However, eToro places restrictions on scalping, so traders who favor this strategy may find CMC Markets to be a more suitable option. However, CMC Markets enhances its offering by providing a guaranteed stop loss offering an extra layer of client protection.
Fees & Commissions
| Fees & Commissions | CMC Markets | eToro |
|---|---|---|
| Inactivity Feemonth | 10 $ | $10 |
| Deposit fee | 0 $ | 0$ |
| Withdrawal fee | 0 $ | 5$ |
| Rollover fee eurusd buy 1 lot | -0.0027% | -0.00008269 |
| Rollover fee eurusd sell 1 lot | +0.0027% | 0.00001841 |
| Avg Eurusd standard acc | 0.7 pips | 0.97 pip |
| Gold | 0.33 | 4.5 |
| Brent oil | 2.5 pips | 5 |
| Bitcoin | 0.75% | 102.71 |
The fee structures for both CMC Markets vs eToro closely resemble each other. Both brokers offer competitive fee arrangements with low spreads and no commissions. Additionally, both impose non-trading fees. CMC Markets applies a $10 inactivity fee, while eToro levies both inactivity and withdrawal fees.
Account Types
| Feature | CMC Markets | eToro |
|---|---|---|
| Account types |
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CMC Markets vs eToro provide standard accounts along with options tailored to corporate requirements. However, eToro distinguishes itself as the preferred choice for traders following Sharia laws, as it offers Islamic accounts, while CMC Markets does not. In summary, eToro’s account offerings are generally more advantageous for a wider range of traders.
Markets & Instruments
| Markets & Instruments | CMC Markets | eToro |
|---|---|---|
| Forex | 330 | 52 |
| Indices | 80 | 21 |
| Commodities | 100 | 32 |
| Cryptocurrencies | 21 | 74 |
| Shares | 9,000 | 3203 |
| Bonds | 56 | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ❌ |
| Treasuries | ✔️ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 1000+ | 325 |
Market offerings for CMC Markets is more diverse and the instrument number is way larger than that of eToro. Additionally, CMC Markets offers Spread Betting to its UK clients. While eToro is more advantageous for crypto traders as it offers a larger variety of cryptocurrencies than CMC Markets
Trading Platforms
| Feature | CMC Markets | eToro |
|---|---|---|
| Platforms |
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Both CMC Markets and eToro provide their proprietary platforms designed to cater to users’ specific requirements. However, it’s worth noting that eToro exclusively offers its proprietary platform. In contrast, CMC Markets goes a step further by also offering the industry-standard MT4 platform, which is known for its sophistication and supports Expert Advisor (EA) trading.
Deposit & Withdrawal Methods
| Feature | CMC Markets | eToro |
|---|---|---|
| Payment methods |
|
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Both CMC Markets and eToro facilitate transactions through credit/debit card transfers and bank transfers. However, eToro stands out by providing a wide selection of e-wallet options, whereas CMC Markets exclusively offers PayPal as its e-wallet choice.
Others
| Feature | CMC Markets | eToro |
|---|---|---|
| Others |
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Both CMC Markets and eToro stand out for their top-notch customer support channels, including telephone, live chat, and email assistance, although availability is limited to business days. In terms of educational resources, our evaluation underscores CMC Markets strong offering, which extends to hosting regular educational events in cities worldwide, with a notable focus on enhancing trading knowledge in the African region, reflecting the company’s expanding presence there. In contrast, eToro’s educational content primarily caters to novice traders. Additionally, CMC Markets boasts more advanced and sophisticated research tools for traders seeking in-depth market insights.
Conclusion on eToro vs CMC Markets
In conclusion of CMC Markets vs eToro comparison Review, CMC Markets is ideal for advanced traders with its advanced tools and scalping options, while eToro stands out for its wide range of instruments, particularly in cryptocurrencies, and competitive spreads, making it a solid choice for diverse traders. Here is our final recommendation:
- CMC Markets — 🥇Best Broker for Autotrading that helps traders to improve their own trading strategies.
- eToro — 🥇Best Broker for Crypto CFD Trading for a number of top traders and Best Industry Social Trading Broker
