AvaTrade and CMC Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. AvaTrade is regulated by 9 regulatory authorities , including the ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC. On the other hand, CMC Markets is regulated by 5 regulatory authorities , including the FCA, ASIC, BaFin, IIROC, FMA, MAS. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare AvaTrade with CMC Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if AvaTrade is better than CMC Markets. This comparison lets you understand which broker is better for your trading style and preferences.
AvaTrade vs CMC Markets: In a Nutshell
AvaTrade
Established in 2006, Avatrade is a forex and CFD broker based in Dublin, Ireland. The company offers a wide range of trading instruments including forex, commodities, stock indices, stocks, exchange-traded funds, options, cryptocurrencies, and bonds. The broker is regulated across 9 jurisdictions AvaTrade is regulated across 9 jurisdictions including ASIC, CySEC, IIROC, ADGM/FSRA, CBI, ISA, FSCA, FFAJ, and FSC in BVI. AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms for the diverse needs and preferences of the traders. To learn more, you can read our review of Avatrade.
AvaTrade at a Glance
- Founded In: 2006
- Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
- Headquarters: Dublin, Ireland
- Minimum Deposit: $100
- Maximum Leverage: 1:30 (for retail clients), 1:400 (for Non-EU, and professional accounts) (varies by region and account type)
- Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
- Trading platform: Trading Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
- Account Types: Retail, Professional, Islamic, Spread Betting (UK only)
- Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, WebMoney, Perfect Money
- US Traders: Not Accepted
CMC Markets
Founded in 1989, CMC Markets is a publicly traded broker (Ticker: CMCX). The broker is regulated in the UK, Australia, Canada, and Singapore. It offers over 9800 trading instruments, including Forex, Indices, Cryptocurrencies, Shares & ETFs, and Commodities. There is no minimum deposit requirement on IC Markets; you may deposit as low as $1. CMC Markets allows EA trading and news trading. The broker uses the most popular trading platform, MetaTrader (MT4), as its trading platform.
- Founded In: 1989
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations: ASIC
- Trading platform: MT4 , Share trading platforms
- Account Types: SPREAD BETTING, Fx Active, CFD Trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
- US Traders: Not Accept
Avatrade vs : CMC Markets Features
Avatrade
- Trading Instruments: 1,250+ popular assets, across Forex, Stocks, Commodities, Indices, ETFs, and Options.
- Maximum leverage: 1: 30 for EU, UK, and Australian clients, 1:400 for global clients
- Minimum Deposit: $100
- Account Types: Two ( Retail account, Professional Account)
- Trading Fees: Starting from 0.9 pips on forex
- MAM: Available
- PAMM: No
- Scalping: Allowed
- News Trading: Allowed. However, spreads widen during major news
- EA/ Robot Trading: Allowed
CMC Markets
- Trading Instruments:Â 12000+ trading instruments including forex, indices, Cryptocurrencies, Commodities, Shares, Share baskets, Treasuries, etcÂ
- Maximum leverage:Â Up to 30:1 ( FCA, ASIC), up to 1:50 (IIROC), and up to 500:1 for a professional account.
- Minimum Deposit:Â No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement.Â
- Account Types:Â Three (Spread Betting Account, CFD Account, Corporate Account)
- Trading Fees:Â only Spread is charged (Commission is only for Shares account). Variable spreads from 0.3 pips. A rollover commission is applied on open positions overnight. For the Shares account commission starts from $7.Â
- PAMM/ MAM:Â Not AvailableÂ
- Scalping:Â AllowedÂ
- News Trading:Â Allowed
- EA/ Robot Trading:Â Allowed
AvaTrade vs CMC Markets: Side By Side Comparison
AvaTrade vs CMC Markets: Pros and Cons
AvaTrade Pros & Cons
- Free deposit and withdrawal options
- Great research tools
- a wide range of trading instruments
- ability to trade from mobile devices
- Unique social trading features
- Impressive educational offerings
- Negative balance protection
- Does not charge any fees for deposits or Withdrawals
- Offers commission-free trading
- Offers negative balance protection
- Supports multiple trading platforms and EAs
- High inactivity fees
- Not regulated by the FCA
- Does not accept U.S. clients
- No guaranteed stop-loss
- Do not have 24/7 customer support
CMC Markets Pros & Cons
- Regulated by FCA, ASIC, IIROC, MAS, FMA
- Founded in 1989, CMC Markets is publicly traded company
- The minimum deposit is as low as $1
- Comparatively low spread starting from 0.7 pips
- Allows news trading, EA/Robot trading
- Extensive range of tradable assets
- Excellent education and research resources
- Offered only MT4, no MT5, cTrader trading platforms
- Maximum leverage is only 1:300
- No passive investment programme or social trading platforms ( No PAMM, MAM accounts)
- Does not accept US clients
- Only CFD Trading
- High CFD spreads for certain Indices
- Spread betting only for UK residents
AvaTrade Vs CMC Markets: Our Scores and Ratings
We rated both brokers, AvaTrade and CMC Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
AvaTrade :
CMC Markets:
Final Verdict :
AvaTrade and CMC Markets are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for AvaTrade is $100., whereas the minimum deposit for CMC Markets is $0. Additionally, the maximum leverage for AvaTrade is 30:1 (retail clients), 500:1 (Professional Clients). In contrast, the maximum leverage for CMC Markets is 1:3000. AvaTrade offers passive investment programs like MAM and PAMM, while CMC Markets does not have any passive investment programs.
Our score for AvaTrade is 9, and for CMC Markets, it is 9 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose AvaTrade. However, if you prefer another forex brokers that offer similar services, you may choose CMC Markets.
