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4.7 | ![CMC Markets vs RoboForex 2024 | Comparison Table and Reviews (5) CMC Markets vs RoboForex 2024 | Comparison Table and Reviews (5)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
4.5 |
CMC Markets is ranked #3 among CFD brokers. | RoboForex is ranked #12 among CFD brokers. |
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Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage. | RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active traders. |
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. |
Pros |
- The web platform delivers a fantastic user experience with advanced charting tools for trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) is also supported.
- CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha scheme also offers perks for high-volume traders with up to 28.6% discounts on spreads.
- CMC Markets is heavily regulated by reputable financial authorities and maintains its stellar reputation, helping to ensure a secure and trustworthy trading environment.
- The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar.
| - The proprietary R Stocks Trader terminal rivals leading platforms like MT4, with netting and hedging capabilities, comprehensive backtesting, and Level II pricing
- Automated trading is permitted in all platforms with user-friendly robot builders and strategy testing features
- ECN and Prime accounts are available for active traders looking for low fees and market execution
- Fast account funding is available, with over 20 payment methods and minimum deposits from $5
- There's a VPS server for experienced investors looking for 24/7 uninterrupted trading
- Traders can get two free withdrawals each month, among other promotional deals
- You can access commission-free trading on thousands of US stocks
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Cons |
- Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
- While CMC offers an above-average suite of assets, there is no support for trading real stocks and UK clients can’t trade cryptocurrencies.
- Trading stock CFDs incurs a relatively high commission, especially compared to the cheapest brokers like IC Markets.
- An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors.
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
| - The demo account expires after only 90 days, which is more restricting than some competitors - OANDA's demo, for example, does not have a time limit
- The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
- The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+
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Awards |
- Best Trading App 2023 - DayTrading.com
- No.1 Platform Technology 2022
- No.1 New Tool 2022
- No.1 Most Currency Pairs 2022
- Best Trade Execution 2021
- Best Forex Broker For Beginners 2021
- Most Transparent Forex Broker Europe 2020
- Best Trading Platform 2020
- Best Trading App 2019
- Best Customer Service 2018
| - Best Global Mobile Trading App 2020 - Global Forex Awards B2B
- Best Broker of the CIS 2019 - IAFT Awards
- Best Investment Platform 2019 - IAFT Awards
- Best Educational Forex-Center CIS 2019 - IAFT Awards
- Best Stock Broker Asia 2019 - International Business Magazine Awards
- Best Investment Products 2019 - Global Brands Magazine
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FCA Regulated |
Yes | No List of FCA Regulated Brokers |
Instruments |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | CFDs, Forex, Stocks, Indices, Commodities, ETFs |
Demo Account |
Yes | Yes |
Minimum Deposit |
$0 | $10 |
Payment Methods |
- Credit Cards
- Debit Card
- Mastercard
- PayPal
- Visa
- Wire Transfer
| - ADVcash
- Alipay
- AstroPay
- ecoPayz
- MoneyGram
- Neteller
- Perfect Money
- Rapid Transfer
- SafeCharge
- Skrill
- Sofort
- Trustly
- Visa
- Wire Transfer
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Minimum Trade |
0.01 Lots | 0.01 Lots |
Regulator |
FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA | FSC |
Margin Trading |
Yes | Yes |
Margin Rate |
1% | |
MetaTrader 4 |
Yes | Yes |
MetaTrader 5 |
No | Yes |
cTrader |
No | No |
AlgoTrader |
No | No |
OmniTrader |
No | No |
TradingView |
No | No |
Autochartist |
No | No |
eSignal |
No | No |
Trading Central |
No | No |
STP Account |
No | Yes |
ECN Account |
No | Yes |
DMA Account |
No | No |
MAM Account |
No | Yes |
PAMM Account |
No | No |
LAMM Account |
No | Yes |
Demat Account |
No | No |
AI / Machine Learning |
No | No |
Robo Advisor |
No | No |
Negative Balance Protection |
Yes | No |
Market Maker |
Yes | No |
P2P Trading |
No | No |
Spot Trading |
Yes | Yes |
Mobile Apps |
iOS & Android | iOS & Android, R StocksTrader |
Auto Trading |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading |
No | Yes |
Copy Trading Platform |
| RoboForex offers a market-leading copy trading service for currency traders - CopyFX. The minimum investment is low at $100 and you retain control over your allocated funds. RoboForex also offers MetaTrader 4 MultiTerminal (Multi Account Manager), allowing traders to manage multiple accounts from one master solution. |
Social Trading |
Yes | Yes |
Trade Signals |
Yes | Yes |
VPS Hosting |
Yes | No |
Tournaments |
No | No |
Demo Competitions |
Yes | Yes |
Ethical Investing |
No | No |
Custodial Account |
No | No |
Guaranteed Stop Loss |
Yes | No |
Inactivity Fee |
$10 | $0 |
Islamic Account |
Yes | Yes |
Account Currencies |
- USD
- EUR
- GBP
- CAD
- AUD
- NZD
- SEK
- NOK
- SGD
- PLN
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Commodities |
- Gold
- Oil
- Silver
- Copper
- Coffee
- Wheat
- Precious Metals
- Natural Gas
- Soybeans
- Orange Juice
- Nickel
- Palladium
- Steel
- Cannabis
- Platinum
- Livestock
- Sugar
- Gasoline
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CFD |
CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries. Spreads are relatively tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market. | There's a huge selection of 12000+ CFDs covering forex, stocks, indices, ETFs, commodities and futures. Micro lot trading is available and you can start with just $10 - ideal for beginners or traders on a budget. Additionally, the loyalty bonuses will serve seasoned traders. |
Leverage |
1:30 (Retail), 1:500 (Pro) | 1:2000 |
FTSE Spread |
1 pt | N/A |
GBPUSD Spread< |
0.9 | 2 |
Oil Spread |
3.5 | 5.2 |
Stocks Spread |
0.02 | 0.1 |
Forex |
CMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP. | RoboForex offers over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment. |
Assets |
300+ | 30+ |
GBPUSD Spread |
0.9 | 2.0 |
EURUSD Spread |
0.7 | 1.4 |
EURGBP Spread |
1.1 | 1.6 |
Currency Indices |
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CMC Markets | RoboForex |
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. |
More Comparisons |
CMC Markets vs | RoboForex vs |