Comparison CMC Markets vs Interactive Brokers

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs Interactive Brokers. Which of them: CMC Markets or Interactive Brokers a better online broker?

First of all, we’ll compare the commission fees of the two brokers. CMC Markets has a commission fee of 0.08% commission, and Interactive Brokers has a commission fee of $0.005. For trading in Forex, the commission fee of CMC Markets is from 0.7 pips, while the commission fee of Interactive Brokers is 0.20 basis points. For a more complete picture, let’s consider trading in the metal market, where CMC Markets and Interactive Brokers have commission fees of from 0.3 pips and 0.15 basis points, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, CMC Markets offers Web Platform, Android App, iOS App, while Interactive Brokers 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 Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And Interactive Brokers 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 Interactive Brokers is 3-5 days.

As a result, the rating of CMC Markets is 4.8 stars versus that of Interactive Brokers of 4.1 stars.