Broker comparison · updated 2026-07-09

CMC Markets vs FOREX.com

CMC Markets and FOREX.com both disclose their legal entities, pricing, and platform stacks clearly, but they suit different traders.

CMC Markets
69.5/ 100 · our score
FCA
Full CMC Markets review
FOREX.com
62.5/ 100 · our score
NRUDCIMACIROCIPF
Full FOREX.com review

Our verdict

CMC Markets has the edge overall.

CMC Markets is the stronger pick for traders who want a broader proprietary platform experience, a published no-minimum-deposit policy on its main retail page, and a large instrument menu on Next Generation. FOREX.com is more attractive if you want a broker with explicit U.S. and Canada regulatory disclosures, a simple spread-account structure, and strong public pricing pages. The deciding factor is jurisdiction: both firms route clients through different legal entities, and the product mix, protections, and funding rules can change by country. For most non-U.S. comparison shoppers, CMC Markets has the edge on breadth; FOREX.com wins for readers who prioritize entity clarity in North America.

CMC Markets

CMC Markets vs FOREX.com at a glance

CMC Markets FOREX.com
Our comparison score69.5 / 10062.5 / 100
Founded19892001
Min. depositNo minimum stated$100 on U.S./Canada pages
EUR/USD spread from0.7 points0.0 RAW / 1.0 spread-only
Inactivity fee£10/mo after 12 months$15/mo after 12 months
PlatformsNext Gen, MT4/MT5, TV in some regionsWeb Trader, MetaTrader, TradingView
Primary regulatorsFCA; local entities varyNFA/CFTC, CIRO/CIPF, CIMA

marks the stronger side on that row. Key numbers were re-checked on 2026-07-09. Terms differ by legal entity and country — confirm on the broker's own legal pages before funding.

Score breakdown

How CMC Markets and FOREX.com earn their comparison scores, component by component — same methodology as every review on this site.

Regulation & oversightout of 30
CMC Markets
27
FOREX.com
24
Transparency of termsout of 20
CMC Markets
17
FOREX.com
17
Platforms & toolsout of 15
CMC Markets
14
FOREX.com
12
Funding & withdrawalsout of 10
CMC Markets
8
FOREX.com
8.5
External sentimentout of 10
CMC Markets
9.5
FOREX.com
5

CMC Markets vs FOREX.com: fees and spreads

Edge: CMC MarketsNo minimum deposit and lower published entry barrier

CMC Markets publishes a no-minimum-deposit policy on its main retail page, while FOREX.com’s U.S. funding FAQ points to at least $100 for bank transfer or debit card funding and its Canada pages also cite at least $100 for an initial deposit. On pricing, CMC Markets advertises EUR/USD from 0.7 points on its spread explainer, while FOREX.com says its spread-only account can show EUR/USD as low as 1.0 on one account type and EUR/USD as low as 0.0 on RAW pricing pages. Both brokers charge inactivity fees, but the structure differs by entity: CMC Markets says dormant accounts are charged £10 per month after 12 months of no trading, while FOREX.com’s U.S. FAQ says $15 per month after 12 months of no trading activity. That makes FOREX.com more explicit on commission/spread tiers, while CMC Markets is cleaner on entry funding.

CMC Markets vs FOREX.com: platforms and tools

Edge: CMC MarketsBroader proprietary platform and instrument coverage

CMC Markets is stronger on proprietary platform depth. Its Next Generation platform is the main draw, and the broker also publishes MT4 and MT5 availability, with TradingView connectivity in some regions. CMC Markets says Next Generation offers about 12,000 instruments, while its MT4 lineup is much smaller. FOREX.com offers a simpler stack: Web Trader, MetaTrader, and TradingView where available. That is enough for many traders, but it is a narrower proprietary ecosystem than CMC’s. FOREX.com does publish useful account-comparison material, including separate spread and RAW pricing account types and research tools such as market buzz, analyst views, and Reuters news on some pages. If you want one broker with the broader in-house platform feel, CMC Markets has the better case; if you mainly need MetaTrader plus a web terminal, FOREX.com is adequate.

CMC Markets vs FOREX.com: regulation and entity clarity

Edge: FOREX.comClearer North America entity and regulator disclosures

Both brokers are heavily entity-dependent, so the exact account agreement matters. CMC Markets publishes FCA-regulated UK references and also discloses other local entities on its regional pages, including Bermuda and Germany examples on current site material. FOREX.com is equally explicit about jurisdictional separation: its U.S. pages state registration with the CFTC and NFA, and its Canada pages say the firm is a CIRO member and CIPF member; its global regulation page also lists Cayman oversight for the international entity. For North American readers, FOREX.com’s public regulatory trail is easier to map because the U.S. and Canada disclosures are prominent. For UK-centric traders, CMC Markets’ FCA-linked branding and UK disclosure depth are strong. Neither should be treated as “one global broker”; protections, leverage, and product access differ by entity and country, so the legal entity on the application is the first thing to verify.

CMC Markets vs FOREX.com: funding methods and account setup

Edge: CMC MarketsNo minimum deposit on the main retail page

CMC Markets publishes a simple headline message on its main site: no minimum deposit is required to open an account. Its support pages also note card and bank-transfer funding, with PayPal and PayID appearing on some regional pages. FOREX.com’s published funding options are more modest on the pages reviewed: bank transfer, debit card, and wire transfer, with country pages carrying different rules. The most important practical difference is that FOREX.com’s minimum funding threshold is stated in the U.S. FAQ and Canada account pages, while CMC Markets does not present a universal minimum deposit requirement on the main retail page. That said, region-specific payment availability still matters for both firms, and card limits or transfer requirements can vary by entity. For traders who want the least friction at account opening, CMC Markets is the cleaner story; FOREX.com is more prescriptive about funding thresholds.

CMC Markets vs FOREX.com: research and market information

Edge: CMC MarketsStronger proprietary research-platform integration

Both brokers publish active research and market commentary, but CMC Markets leans more into platform-integrated charting and product depth, while FOREX.com emphasizes pricing transparency and execution materials. CMC Markets’ site highlights analysis, chart tools, TradingView connectivity, and large instrument availability on Next Generation. FOREX.com’s public pages show pricing tables, execution notes, and platform-linked research tools such as Reuters news and analyst views on selected account pages. On balance, CMC Markets looks stronger for traders who want to combine research with a richer proprietary dealing interface. FOREX.com is better if your priority is straightforward cost disclosure and a more utilitarian research stack tied to account type. For both firms, the exact research package can change by region and account classification, so users should confirm what their local entity actually provides before funding.

Which broker fits you

Choose CMC Markets if
  • You want no minimum deposit on the main retail page
  • You prefer a deeper proprietary platform stack
  • You value broader instrument coverage on one interface
Choose FOREX.com if
  • You want prominent U.S. and Canada regulatory disclosures
  • You prefer a choice between spread-only and RAW pricing
  • You trade from North America and want entity clarity

Common questions

Is CMC Markets cheaper than FOREX.com?

It depends on the account and region. CMC Markets publishes EUR/USD from 0.7 points on its spread explainer, while FOREX.com shows EUR/USD as low as 0.0 on RAW pricing and around 1.0 on spread-only pricing. FOREX.com also charges commissions on some account types. Compare the exact entity and account type before deciding.

Is FOREX.com regulated like CMC Markets?

Both are regulated, but the relevant entity differs by country. FOREX.com discloses U.S. registration with the CFTC and NFA, plus CIRO and CIPF membership for Canada and CIMA for its international entity. CMC Markets discloses FCA-linked UK operations and other local entities on regional pages. Always verify the exact legal entity on your application.

Does CMC Markets or FOREX.com have a minimum deposit?

CMC Markets says there is no minimum deposit required to open a live account on its main retail page. FOREX.com’s U.S. funding FAQ and Canada pages state at least $100 for funding or initial deposit. Because rules can vary by entity, you should still check the specific account page for your country.

Which broker has better platforms, CMC Markets or FOREX.com?

CMC Markets has the broader proprietary platform story because it pairs Next Generation with MT4, MT5, and TradingView connectivity in some regions. FOREX.com offers Web Trader, MetaTrader, and TradingView where available, which is solid but narrower. If you want more in-house platform depth, CMC Markets has the edge.

Sources for this comparison (6)The primary pages we relied on — worth reading before you open an account.
Risk warning. Forex and CFD trading involves significant risk. Always verify a broker's legal entity, regulator status, fees, restrictions and withdrawal rules before depositing funds.
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