Which trading platform is best, CMC Markets or Spreadex?

CMC Markets is objectively a better trading platform when measured against Spreadex in the categories in our broker matrix. CMC Markets scored highest compared to Spreadex on the number of trading platforms and account types, it has been established for a decade longer than, offers higher margin rates, and has lower funding charges. CMC Markets vs Spreadex. See how these top two brokers compare side by side. Check broker fees, trading platform features and reviews to see which is best.

CMC Markets Key Features


Visit CMC Markets
67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
CMC Markets Reviews
Total Markets9300
Forex Pairs71
Commodities33
Indices22
UK Stocks629
US Stocks3441
Cryptocurrencies13
Broker specifics
2019 Revenue£130.800,000
Number Active Clients53,308
Minimum Deposit£100
Inactivity Fee£10 per month
Founded1989
FX Retails SpreadsCMC Markets
EUR/USD Euro vs US Dollar0.7
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.7
EUR/GBP Euro vs British Pound0.11
AUD/USD Australian Dollar vs US Dollar0.14
USD/CAD US Dollar vs Canadian Dollar1.7
USD/CHF US Dollar vs Swiss Franc1
NZD/USD NZ Dollar vs US Dollar0.18
EUR/JPY Euro vs Japanese Yen0.15
EUR/AUD Euro vs Australian Dollar0.16
FX Retail Margins
EUR/USD Euro vs US Dollar30:01:00
GBP/USD British pound vs US dollar30:01:00
USD/JPY US Dollar vs Japanese Yen30:01:00
EUR/GBP Euro vs British Pound30:01:00
AUD/USD Australian Dollar vs US Dollar20:01
USD/CAD US Dollar vs Canadian Dollar30:01:00
USD/CHF US Dollar vs Swiss Franc30:01:00
NZD/USD NZ Dollar vs US Dollar20:01
EUR/JPY Euro vs Japanese Yen30:01:00
EUR/AUD Euro vs Australian Dollar20:01
Commodity Spreads
WTI crude (oil)0.3
Brent crude (oil)0.3
Natural Gas0.8
Gold0.3
Silver0.25
Copper (comex)0.3
Corn0.9
Wheat0.8
Soyabeans1.5
Gasoline RBOB80
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)10:01
Gold20:01
Corn10:01
Brent crude (oil)10:01
Natural Gas10:01
Silver10:01
Copper10:01
Wheat10:01
Soyabeans10:01
Gasoline RBOB10:01
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)2.4
Standard & Poor’s 500 (S&P 500)0.5
Nasdaq (Composite and Nasdaq 100)2
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)1
DAX (Germany 30)1
Euro Stoxx 50 (Euro 50)1.6
Japan 225 (Nikkei 225)15
Hong Kong (Hang Seng Index)5
Index Margins
Dow Jones Industrials Average (US 30)20:01
Standard & Poor’s 500 (S&P 500)20:01
Nasdaq (Composite and Nasdaq 100)20:01
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)20:01
CAC 40 (France 40)20:01
DAX (Germany 30)20:01
Euro Stoxx 50 (Euro 50)20:01
Japan 225 (Nikkei 225)20:01
Hong Kong (Hang Seng Index)10:01
Stocks & Shares Spreads
UK Stock Spreads0.10%
US Stock Spreads$0.02 per share
Stocks & Shares Margins
US Stock Margins05:01
UK Stock Margins05:01
Overnight Financing Rates
Forex (tom next plus or minus )0.00%
CommoditiesVariable based on differentials between front month future, cash price and days to carry to futures expiry
Indices
UK Stocksinterbank rate +/-0.0082%
US Stocksinterbank rate +/-0.0082%
Compare AlternativesCMC Markets Versus IG
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Spreadex Key Features

Spreadex review
Visit Spreadex
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Reviews
Total Markets10000
Forex Pairs53
Commodities21
Indices37
UK Stocks2000
US Stocks500
Broker specifics
2019 RevenueNA
Number Active Clientsnot disclosed
Minimum Deposit100
Inactivity FeeNone
Founded1999
FX Retails SpreadsSpreadex
EUR/USD Euro vs US Dollar0.6
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.7
EUR/GBP Euro vs British Pound0.9
AUD/USD Australian Dollar vs US Dollar0.6
USD/CAD US Dollar vs Canadian Dollar0.13
USD/CHF US Dollar vs Swiss Franc0.15
NZD/USD NZ Dollar vs US Dollar0.2
EUR/JPY Euro vs Japanese Yen0.15
EUR/AUD Euro vs Australian Dollar0.18
FX Retail Margins
EUR/USD Euro vs US Dollar1899-12-31 06:01:00
GBP/USD British pound vs US dollar1899-12-31 06:01:00
USD/JPY US Dollar vs Japanese Yen1899-12-31 06:01:00
EUR/GBP Euro vs British Pound1899-12-31 06:01:00
AUD/USD Australian Dollar vs US Dollar1970-01-01 20:01:00
USD/CAD US Dollar vs Canadian Dollar1899-12-31 06:01:00
USD/CHF US Dollar vs Swiss Franc1899-12-31 06:01:00
NZD/USD NZ Dollar vs US Dollar1970-01-01 20:01:00
EUR/JPY Euro vs Japanese Yen1899-12-31 06:01:00
EUR/AUD Euro vs Australian Dollar1970-01-01 20:01:00
Commodity Spreads
WTI crude (oil)0.3
Brent crude (oil)0.3
Natural Gasnot quoted
Gold0.4
Silver0.3
Copper (comex)not quoted
Cornnot quoted
Wheatnot quoted
Soyabeansnot quoted
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)1970-01-01 10:01:00
Gold1970-01-01 20:01:00
Cornnot quoted
Brent crude (oil)1970-01-01 10:01:00
Natural Gasnot quoted
Silver1970-01-01 10:01:00
Coppernot quoted
Wheatnot quoted
Soyabeansnot quoted
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)2.4
Standard & Poor’s 500 (S&P 500)0.4
Nasdaq (Composite and Nasdaq 100)2
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)2
DAX (Germany 30)1.2
Euro Stoxx 50 (Euro 50)2
Japan 225 (Nikkei 225)15
Hong Kong (Hang Seng Index)8
Index Margins
Dow Jones Industrials Average (US 30)1970-01-01 20:01:00
Standard & Poor’s 500 (S&P 500)1970-01-01 20:01:00
Nasdaq (Composite and Nasdaq 100)1970-01-01 20:01:00
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1970-01-01 20:01:00
CAC 40 (France 40)1970-01-01 20:01:00
DAX (Germany 30)1970-01-01 20:01:00
Euro Stoxx 50 (Euro 50)1970-01-01 20:01:00
Japan 225 (Nikkei 225)1970-01-01 20:01:00
Hong Kong (Hang Seng Index)1970-01-01 10:01:00
Stocks & Shares Spreads
UK Stock Spreads0.001
US Stock Spreads0.0015
Stocks & Shares Margins
US Stock Margins1970-01-01 22:01:00
UK Stock Margins1970-01-01 22:01:00
Overnight Financing Rates
Forex (tom next plus or minus )intertest rate differentials +0.80%
CommoditiesVariable by instrument see
IndicesVariable by instrument see see
UK StocksLibor+/- 3.0%
US Stocks1 month US Libor +/-3.0%
Compare AlternativesSpreadex Versus IG
Spreadex Versus CMC Markets
Spreadex Versus Pepperstone
Spreadex Versus City Index
Spreadex Versus Saxo Markets

Which trading platform has the best customer reviews?

Spreadex has better customer reviews compared to Spreadex. Spreadex has the best average rating under our unique multi-factor scoring system with a score of 4.125 points versus CMC Markets' 3.975 points.

CMC Markets has the higher ratings among Good Money Guide reviews, however, Spreadex has better ratings in both the Apple and Google Play app stores than its rival.

Find out why customer reviews are important

Which trading platform offers the most markets?

Spreadex offers more trading markets than CMC Markets. Spreadex provides access to 10,000 markets compared to just 9,300 at CMC Markets. CMC Markets offers a wider range of FX instruments with 71 pairs versus Spreadex’s 53. Spreadex offers 2,000 UK equities compared to just 629 at CMC Markets. However, in US equities  CMC Markets has  3,441 on offer versus Spreadex’s 500 US stocks.

Find out why market access is important

Which trading platform offers the most platforms?

CMC Markets offers the most trading platforms; it has its own web-based trading platform in both desktop and mobile versions, but also offers the Metaquotes MT4 trading software. Spreadex offers its own proprietary trading platform, which comes in both desktop and mobile formats.

Find out why trading platforms are important

Which trading platform offers the most different types of account?

CMC Markets offers the most account types having an institutional and prime brokerage offering something that Spreadex does not provide.

Both Spreadex and CMC markets offer CFD or Spread Betting accounts to retail and professional clients; neither firm offers a physical share dealing or investment account to UK clients, however.

Find out why account types are important

Which trading platform is a more established business?

CMC Markets is the more established firm and was founded in 1989 while Spreadex was formed a decade later in 1999. CMC Markets is listed and a FTSE 250 constituent, Spreadex is privately owned and operated.

Find out why a trading platforms history is important

Which trading platform has the lowest trading costs?

Spreadex has the lowest average spreads in the 10 active FX pairs we sampled with a score of 0.451 versus CMC Markets score of 0.574.

Spreadex is also cheaper on average in commodity spreads. However, in equity indices, CMC Markets have the tightest average spread at 3.28 points compared to the Spreadex average of 3.78 index points.

Find out why trading costs are important

Which trading platform offers the most margin?

CMC Markets offers the most margin with leverage rates of up to 500:1 on its professional accounts compared to a 200:1 maximum leverage for professional clients at Spreadex.

Both CMC Markets and Spreadex apply the FCA/ESMA margins to retail accounts and these are the maximum levels of leverage available to retail traders, in the UK or Europe, under current legislation.

Find out why leverage and margin are important

Which trading platform offers the lowest overnight financing rates?

CMC Markets has the cheapest overnight financing rates in those instruments where a direct comparison is possible. On UK equity positions CMC Markets charges LIBOR +/- 2.93% versus the Spreadex charge of LIBOR +/- 3.0%.

These are also the respective funding rates applied by the brokers to overnight positions in US equities.

Find out why overnight financing rates are important

Which trading platform offers the most added value?

CMC Markets offers more added value than Spreadex scoring 6 points of added value compared to the 5 points offered by Spreadex.

CMC Markets offers positioning and sentiment tools that provide information with data on how others are viewing and trading the markets.

Both Brokers offer personal service, alongside educational programs, which teach clients about the operation of the markets, its terminology and trading strategies etc.

As well as regular research and analysis that keeps clients informed about market events and highlights trading opportunities to them.

Find out why added value is important

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