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
66% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
CMC Markets Reviews
CMC Markets Total Markets
11000
Forex Pairs338
Commodities124
Indices82
UK Stocks745
US Stocks4968
ETFs1084
CMC Markets Key Info
Number Active Clients308644
Minimum Deposit0
Inactivity Fee£10 per month
Founded1989
Public Company✔️
CMC Markets Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
CMC Markets Average Costs
FTSE 1001
DAX 301
DJIA2
NASDAQ1
S&P 5000.5
EURUSD0.7
GBPUSD0.9
USDJPY0.7
Gold0.3
Crude Oil3
UK Stocks0.001
US Stocks$0.02 per share
Compare AlternativesCMC Markets Versus IG
CMC Markets Versus Pepperstone
CMC Markets Versus City Index
CMC Markets Versus Spreadex
CMC Markets Versus Saxo Markets
Table last updated: 24th November 2021 3:05 pm

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
Spreadex Total Markets
10000
Forex Pairs54
Commodities20
Indices17
UK Stocks1575
US Stocks2110
ETFs160
Spreadex Key Info
Number Active Clients4000
Minimum Deposit0
Inactivity Fee0
Founded1999
Public Company
Spreadex Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
Spreadex Average Fees
FTSE 1001
DAX 301.2
DJIA4
NASDAQ2
S&P 5000.6
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.4
Crude Oil3
UK Stocks0.002
US Stocks0.003
Compare AlternativesSpreadex Versus IG
Spreadex Versus CMC Markets
Spreadex Versus Pepperstone
Spreadex Versus City Index
Spreadex Versus Saxo Markets
Table last updated: 24th November 2021 2:36 pm

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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