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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
CMC Markets
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Firstrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Metals
CMC Markets
Stock
0.08% commission
ETFs
0.08% commission
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
From 0.7 pips
CFDs
0.08% commission
Metals
From 0.3 pips
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40
Forex Spreads
N/A
CFDs
N/A
Metals
N/A

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
CMC Markets
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Firstrade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
CMC Markets
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Social trading
Education
Demo account
CMC Markets
Research & Analysis
Social trading
Education
Demo account
Firstrade
Research & Analysis
Social trading
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
CMC Markets
Android App
iOS App
Firstrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
CMC Markets
Minimum deposit
$0
Bank Wire
Firstrade
Minimum deposit
$0
Bank Wire

Withdrawals

Withdrawals
Bank Wire
Withdrawal Time
Withdrawal Fee
CMC Markets
Bank Wire
Withdrawal Time
1 - 2 business days
Withdrawal Fee
Free
Firstrade
Bank Wire
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
CMC Markets
Сountry of Origin
United Kingdom
Year Founded
1987
Regulated By
FCA, ASIC, CFTC
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
CMC Markets
Phone
1 866 884 2608
Email
support@cmcmarkets.com
Live Chat
Yes
Firstrade
Phone
Yes
Email
Yes
Live Chat
No

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