Which trading platform is best, IG or CMC Markets?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.
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Total Markets
IG Key Info
|Number Active Clients||313000|
|Inactivity Fee||£12 per month|
IG Account Types
|DMA (Direct Market Access)||✔️|
IG Average Fees
|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|
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|
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.
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.
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.
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.
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.
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.
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%.
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.
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.