Which trading platform is best, IG or CMC Markets?

When we objectively compared IG against CMC Markets using our unique scoring system IG is technically better than CMC Markets because they have on average lower trading costs, a wider range of markets, have a larger market capitalisation, and are more established. See how these top two brokers compare side by side. Check broker fees, trading platform features and reviews to see which is best for your trading.

ig review
Visit IG
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Reviews
IG Total Markets
17000
Forex Pairs51
Commodities38
Indices34
UK Stocks3925
US Stocks6352
ETFs2000
IG Key Info
Number Active Clients313000
Minimum Deposit250
Inactivity Fee£12 per month
Founded1974
Public Company✔️
IG Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)✔️
Futures Trading
Options Trading
Investing Account✔️
IG Average Fees
FTSE 1001
DAX 301.2
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.3
Crude Oil0.28
UK Stocks0.001
US Stocks0.001
IG Alternatives
IG Versus CMC Markets
IG Versus Pepperstone
IG Versus Saxo Markets
IG Versus City Index
IG Versus Spreadex
IG Versus ETX Capital
IG Versus Markets.com
IG Versus Capital.com
IG Versus eToro
IG Versus Plus 500
Table last updated: 17th November 2021 3:55 pm


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

Which trading platform has the best customer reviews?

Based on our unique average customer reviews scoring system IG has better customer reviews. IG has a higher average customer rating of 4.05 versus CMC Markets 3.95. IG also have far more customer reviews, over 37,000 in total versus CMC Markets 4,500.

Find out why customer reviews are important

 

Which trading platform offers the most markets?

IG is technically better than CMC for market access as they offer accounts to over 17,000 markets versus CMC Markets 9,300. IG offers access to more UK and international stocks and shares, commodities and indices, but CMC Markets does offer access to more forex pairs. CMC Markets offers 71 currency pairs versus IG’s 51.

Find out why market access is important

 

Which trading platform offers the most platforms?

IG has technically better trading platforms that CMC Markets because they offer their own trading platform, MT4, iphone and Android Apps as well as direct market trading through L2 Dealer. CMC Markets offers a similar suite of trading platforms but does not have a DMA (direct market access) trading platform.

Find out why trading platforms are important

 

Which trading platform offers the most different types of account?

IG offers the most trading accounts (5) options compared to CMC Markets (3). Both IG and CMC Markets offer financial spread betting, CFD trading, Forex trading and professional accounts, but IG also offers stocks and shares ISAs as well as direct market access and prime brokerage.

Find out why account types are important

 

Which trading platform is a more established business?

IG (founded in 1974) is the more established versus CMC Markets (founded in 1989). Both IG and CMC Markets are public companies and at the time of writing (10th August 2021) IG Group has a market capitalisation of £3.8 billion versus CMC Markets capitalisation of £1.2 billion. IG also has more active clients than CMC Markets with 178,000 versus CMC Markets 53,000. IG Groups 2019 revenue of £476 million was also higher than CMC Markets 2019 revenue of £130 million.

Find out why a trading platforms history is important

 

Which trading platform has the lowest trading costs?

Overall IG has lower trading costs than CMC Markets with an average cost of 2.28 for index trading versus CMC Markets average cost of 3.28. IG also has lower trading costs for commodities, but CMC Markets has lower Forex trading costs. Both IG and CMC Markets charge the same for UK stock trading. However, IG charges 0.1% for US stock trading, where as CMC Markets charges 0.2 cents per share. This can make US stock trading cheaper with IG for lower priced stocks and US stock trading cheaper with CMC Markets for high priced stocks.

Find out why trading costs are important

 

Which trading platform offers the most margin?

CMC Markets offers much better margin rates than IG for professional clients. For major indices and forex pairs CMC Markets offers 0.2% margin versus IG’s 0.63%. For Gold you get more leverage with CMC Markets as they only charge 0.5% margin versus IG’s 0.63%, for other commodities CMC Markets also charges 0.75% margin versus IG’s 1%. For equities stock trading CMC Markets also charges 5% versus IG’s 9%.

Find out why leverage and margin are important

 

Which trading platform offers the lowest overnight financing rates?

For stock trading IG offers lower overnight financing rates than CMC Markets. IG charges libor +/- 2.5% whereas CMC Markets charges libor +/- 2.93%.Meaning that based on the current libor rate of 0.09% holding a £100,000 UK stock position for a year with IG would cost £3,400 versus £3,830 with CMC Markets.

IG also charges lower overnight fees for Forex trading. IG charges 0.0022% versus CMC Markets 0.0027%. This means that a £100,000 UK forex position would cost £80 to hold for a year with IG versus £98.55 with CMC Markets.

Find out why overnight financing rates are important

 

Which trading platform offers the most added value?

CMC Markets offers slightly more added value than IG. Both trading platforms offer client sentiment tools, although CMC Markets is slightly better as you can filter client positions by clients that are generally profitable or not. Both trading platforms have news feeds, analysis, technical analysis, charting tools and research.

Find out why added value is important

 

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