Exness vs CMC Markets: Fees, Features, Safety & More for 2024

Published :
Updated :
Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
Richard Walz headshoot
Edited by

Exness and CMC Markets are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Exness is regulated by two tier-1 jurisdictions, one tier-2 jurisdictions, and four tier-4 jurisdictions, including  FSA-S , CBCS , FSC Mauritius, FSCA , CySEC , FCA ,BVI FSC. On the other hand, CMC Markets is regulated in five tier-1 jurisdictions, including FCA, MAS, ASIC, IIROC, FMA.  These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast Exness with CMC Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Exness is better than CMC Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

Exness vs CMC Markets: In a Nutshell

Exness

Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3pips. However, Exness does not have ASIC regulation.

Exness Overview

Exness Overview
  • Founded In: 2008
  • Founder:Petr Valov, Igor Lychagov
  • Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
  • Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
  • Maximum Leverage: 1:Unlimited (condition apply)  or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
  • Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
  • Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App, Exness Terminal
  • Account Types: Standard, Pro, Raw Spread, Zero
  • Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
  • Funding Currencies : AED, ARS, AUD,  AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP,  PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
  • 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

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

Exness vs CMC Markets: Pros and Cons

Exness

Pros
  • Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
  • The maximum leverage is as high as 1:2000
  • The minimum deposit is as low as $1
  • Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
  • Competitive spreads starting from 0.3 pips on standard accounts
  • Swap-Free/Islamic Account Provided
  • Scalping, EA Trading, and Copy Trading are allowed 
  • Instant Withdrawal of Money 24/7
Cons
  •  No Passive investment programme ( PAMM, MAM Accounts) 
  •   No Ctrader, Tradingview, zuletrade offered 
  •  US Traders are not accepted 
  •  Only MT4 and MT5 Trading Platforms 
  • Limited educational resources

CMC Markets

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

Exness vs CMC Markets: Side-by-Side Comparison

Exness
CMC Markets
Product
Founded In
Founded In
2008
1989
Founded By
Founded By
David Morris
Peter Andrew Cruddas, Baron Cruddas
Headquarters
Headquarters
Limassol, Cyprus
London, United Kingdom
Regulations
Regulations
FSA, CBCS, FSC, FSCA, CySec, FCA, CMA
FCA, MAS, ASIC
Min Deposit
Min Deposit
$200
None
Max Leverage
Max Leverage
1: Unlimited
1:500
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto
Forex , Indices, Share &ETFs, Commodities ,Cryptocurrencies, Treasuries
Fees
Fees
as low as 0.1 pips or commission upto $3.5 each side per lot
Spread from 0.5 pips on majors
Platforms and Tools
Platforms and Tools
MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App , Exness Terminal
MT4 , Share trading platforms
US Traders
US Traders
Not Allowed
Not Allow

Exness Vs CMC Markets: Our Scores and Ratings

We rated both brokers, Exness 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.

Exness :

9.1
Exness Scores
Regulation and Security (40%)9.3
Fees and Commissions (20%)9.5
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9

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

Final Verdict :

Exness and CMC Markets are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. 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 Exness is $1, whereas the minimum deposit for CMC Markets is $0. Additionally, the maximum leverage for Exness is Unlimited:1. On the other hand, the maximum leverage for CMC Markets is 300:1. 

Our score for Exness is 9.1, and for CMC Markets, it is 9.0 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose Exness. However, If you prefer another broker with similar services, you may choose  CMC Markets.

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.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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.

Leave a Comment