InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Comparison CMC Markets vs E*TRADE
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares CMC Markets vs E*TRADE. Is CMC Markets or E*TRADE a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. CMC Markets has a commission fee of 0.08% commission, and E*TRADE has a commission fee of $6.95. For a more complete picture, let’s consider trading in the metal market, where CMC Markets and E*TRADE have commission fees of from 0.3 pips and $1.50 per contract, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading are provided to customers by CMC Markets and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by E*TRADE. As for platforms, CMC Markets offers Web Platform, Android App, iOS App, while E*TRADE offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And E*TRADE was founded in 1982 in United States, and it is regulated by FINRA,. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And E*TRADE provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in CMC Markets is 1 - 2 business days, and that one in E*TRADE is 3 days.
As a result, the rating of CMC Markets is 4.8 stars versus that of E*TRADE of 4.3 stars.