CMC Markets is the award-winning UK based online FX and CFD brokerage firm that was established in 1989. The company is listed in the London Stock Exchange under the ticker CMCX
|#||Broker's Features||CMC MARKETS Availability||CORE SPREADS Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||❌||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare CMC Markets vs Core Spreads.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. CMC Markets offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, while Core Spreads offers Currencies, Commodities, Indices, Stocks, Bonds.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. CMC Markets is Dealing Desk, Market Maker, while Core Spreads is STP.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. CMC Markets is regulated by FCA, while Core Spreads regulated by ASIC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. CMC Markets offers different account currencies for each account types, while Core Spreads offers USD, EUR, GBP account currencies.
Languages Available: Next lets have a look at each broker's different Language options. CMC Markets offers Arabic, Chinese, Czech, Danish, English, Finnish, , while Core Spreads offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. CMC Markets offers Credit/Debit Cards, Bank Wire Transfer different payment methods for each account types, while Core Spreads offers Credit/Debit Cards, Bank Transfer, Skrill, Payoneer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, CMC Markets makes CMC Web Platform available to clients, while Core Spreads offers MT4, Proprietary.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Core Spreads is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Core Spreads broker is regulated in more major hubs. Only Core Spreads Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Core Spreads offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Core Spreads offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As Core Spreads offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.