IG vs CMC Markets
Compare IG vs CMC Markets Side by Side
Can’t pick between IG and CMC Markets and have doubts of which broker is actually better? Use our detailed comparison guide of IG Review and CMC Markets, which includes 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.
|Licenses||UK, Australia, Switzerland, Singapore, UAE, Japan, US||UK, Australia, Canada, Singapore, New Zealand|
|Minimum Deposit||300 US$||0 US$|
|Trading Platforms||IG Proprietary, MT4||CMC Web, CMC Mobile, MT4|
|Eurusd avg Spread||0.6 pips||0.7 pips|
|Licenses Countries Info (short)|
IG vs CMC Markets brokers both are based and regulated in the UK and holding additional top-tier licenses and providing good transparency and customer protection with low-risk trading environment. However, we would give the advantage to IG for holding more licenses, such as US, Switzerland and Japan, therefore, providing its services in more regions.
Being Market Makers both IG vs CMC Markets 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 IG broker. There are no restriction on strategies like hedging or scalping and both offers the services of the expert advisors. IG has an advantage for offering social trading, which makes broker even more suitable for beginning traders.
Fees & Commissions
|Inactivity Feemonth||18 $||10 $|
|Deposit fee||0 $||0 $|
|Withdrawal fee||0 $||0 $|
|Rollover fee eurusd buy 1 lot||-2.5%||-0.0027%|
|Rollover fee eurusd sell 1 lot||+2.5%||+0.0027%|
|Avg Eurusd standard acc||0.6 pips||0.7 pips|
|Brent oil||3||3 pips|
Both IG vs CMC Markets offer relatively low trading fees, and trading costs of both brokers are quite similar. For example, the EURUSD Spread from both IG vs CMC Markets is lower than the average in the industry.
IG vs CMC Markets brokers offer Standard accounts, where the preferences are set according to trader’s level and regulation of the entity. Accounts have their own unique features and useful set of tools, yet are more tailored solutions according to the trading specifications traders can select.
Markets & Instruments
Trading instruments range offered by CMC Markets is more advanced as it also includes Bonds, Spread betting and Treasuries. However, both brokers equally offer a comprehensive wide range of trading instruments to their traders.
Both IG vs CMC Markets Brokers offer great proprietary Trading Platforms, and both additionally offer MetaTrader4. Basically, the proposals are very similar and those proprietary platforms are equally impressive, innovative and powerful with vast of tools and capabilities of the softwares. A slight advantage can be given to CMC Markets for having Spread betting option on their platform.
Deposit & Withdrawal Methods
CMC Markets set of payment methods, compared to IG, is relatively “modest” as it is limited to bank transfers, Visa/ Master Cards, and Paypal. While IG simply offers a few more e-wallets in addition to PayPal.
Both IG vs CMC Markets provide excellent customer support, and CMC Markets technical support is even considered to be one of the most powerful in the industry. Education wise, both brokers are also advanced and offer trading academy (from IG) and trading learning centre (from CMC Markets) that equally help to improve traders knowledge and include comprehensive materials, tutorials and webinars.
Conclusion on IG vs CMC Markets
Concluding IG vs CMC Markets comparison we found both brokers are reliable and trustworthy with solid international offers and well-regulated nature. Both brokers provide a proprietary platform and MT4, low spreads and trading fees, different trading conditions. However, we would give the advantage to CMC Markets for offering zero initial deposit, bigger variety of trading instruments and a top-notch customer support team. Here is our final recommendation:
- IG – 🥇Lowest Spread Forex Broker being comfortable for beginning traders.
- CMC Markets – 🥇Best Customer Support Broker for having one of the most powerful in the industry suitable for all the traders.