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
ITRADER is a forex and CFD brand that founded in 2016 and operates from Cyprus. It is a regulated brokerage brand under CySEC. EU Regulation enables clients of ITRADER to have access to the Investor’s Compensation Fund. The broker offers CFD trading of commodities, currencies, indices and stocks
|#||Broker's Features||CMC MARKETS Availability||ITRADER 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 Itrader.
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 Itrader offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.
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 Itrader is Dealing Desk.
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 Itrader regulated by CySEC. 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.
Languages Available: Next lets have a look at each broker's different Language options. CMC Markets offers Arabic, Chinese, Czech, Danish, English, Finnish, , while Itrader offers Arabic, English, German, Italian, Russian, Spanish 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 Itrader offers Credit/Debit Cards, iDeal, Neteller, Skrill, Bank Wire Transfer 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 Itrader offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, CMC Markets is more reliable based on our criteria above. CMC Markets has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. CMC Markets has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, CMC Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on 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.