CMC Markets vs ProsperityFx | Our Analysis & Comparison (2024)

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Forex traders always look for trading with brokers that suit their trading needs and preferences. CMC Markets and ProsperityFX are online forex brokers that offer their trading services to traders and investors. CMC Markets is a highly regulated and trusted forex broker. It is regulated in five tier-1 jurisdictions. On the other hand, ProsperityFX is an offshore forex broker which is not regulated by any regulatory bodies. 

In this article, we will review and compare the brokerage services offered by CMC Markets and ProsperityFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey. 

CMC Markets vs ProsperityFx: In a Nutshell

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 ust Marketsplatform, MetaTrader (MT4), as its trading platform.

CMC Markets Overview
  • 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

ProsperityFX

ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: Standard, Pro, Var, Mini 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

CMC Markets vs ProsperityFX: Side By Side Comparison

CMC Markets
Prosperityfx
Product
Founded In
Founded In
1989
2020
Founded By
Founded By
Peter Andrew Cruddas, Baron Cruddas
Lee Sullivan
Headquarters
Headquarters
London, United Kingdom
Kingstown, St. Vincent and the Grenadines
Regulations
Regulations
FCA, MAS, ASIC
None
Min Deposit
Min Deposit
None
$25
Max Leverage
Max Leverage
1:500
500:1
Tradable Assets
Tradable Assets
Forex , Indices, Share &ETFs, Commodities ,Cryptocurrencies, Treasuries
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Fees
Fees
Spread from 0.5 pips on majors
Spread from 0.8 pips
Platforms and Tools
Platforms and Tools
MT4 , Share trading platforms
MT4
US Traders
US Traders
Not Allow
Allowed

CMC Markets vs ProsperityFX: Pros and Cons

CMC Markets Pros & Cons

Pros
  • 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
Cons
  • 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

ProsperityFX Pros & Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

CMC Markets Vs ProsperityFX: Our Scores and Ratings

We rated both brokers, CMC Markets and ProsperityFX, 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.

CMC Markets:

9.0
CMC Markets Score
Regulation and Security (40%)9.7
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)9.5
Trading Education (5%)9

ProsperityFX

3.6
ProsperityFx Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)5
Trading (15%)6.5
Trading tools (10%)1
Customer Support (10%)5
Trading Education (5%)9

Final Verdict :

Both CMC Markets and ProsperityFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation.CMC Markets is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA, MAS, ASIC, IIROC, FMA. On the other hand, ProsperityFX is an unregulated offshore forex broker.CMC Markets provides Multiple trading platforms including Mt4, Web Trading, Mobile. On the Contrary, ProsperityFX does not offer MT4/MT5. 

As CMC Markets is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, ProsperityFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt forCMC Markets, while US traders looking for offshore forex brokers may consider ProsperityFX. Trading with offshore forex brokers is risky and not recommended.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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