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
CMC Markets Key Info
|Number Active Clients||308644|
|Inactivity Fee||£10 per month|
CMC Markets Account Types
|DMA (Direct Market Access)||❌|
CMC Markets Average Costs
|US Stocks||$0.02 per share|
|Compare Alternatives||CMC Markets Versus IG|
|CMC Markets Versus Pepperstone|
|CMC Markets Versus City Index|
|CMC Markets Versus Spreadex|
|CMC Markets Versus Saxo Markets|
Spreadex Key Features
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Total Markets
Spreadex Key Info
|Number Active Clients||4000|
Spreadex Account Types
|DMA (Direct Market Access)||❌|
Spreadex Average Fees
|Compare Alternatives||Spreadex 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.
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.
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.
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.
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.
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.
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.
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.
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.