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Comparison CMC Markets vs IFC Markets
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs IFC Markets. Which of them: CMC Markets or IFC Markets a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of CMC Markets on regular transactions of the stock exchange is 0.08% commission, and IFC Markets has a commission fee of from 0.1%. For trading in Forex, the commission fee of CMC Markets is from 0.7 pips, while the commission fee of IFC Markets is spreads from 0.4 pips. When analyzing commission fees in CFD: CMC Markets provides 0.08% commission, and IFC Markets provides spreads from 34 pips. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.3 pips and fixed spreads at 45 pips for CMC Markets and IFC Markets, respectively. You can read more detailed information on commission fees in the online broker reviews.
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, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by IFC Markets. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while IFC Markets uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, MT5, 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 IFC Markets was founded in 2006 in British Virgin Islands, and it is regulated by BVI FSC. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And IFC Markets provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of fees vary. The time for withdrawal in CMC Markets is 1 - 2 business days, and that one in IFC Markets is 1 - 5 business days.
As a result, the rating of CMC Markets is 4.8 stars versus that of IFC Markets of 4.8 stars.