Comparison CMC Markets vs Firstrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs Firstrade. Which of them: CMC Markets or Firstrade 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 Firstrade has a commission fee of $0. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are CMC Markets provides customers with Stocks Trading, ETFs Trading, Forex Trading, and Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while Firstrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And Firstrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. The withdrawal time for CMC Markets is 1 - 2 business days, and that one for Firstrade is 2-3 business days.
As a result, the rating of CMC Markets is 4.8 stars versus that of Firstrade of 3.9 stars.