Comparison CMC Markets vs UFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs UFX. Which of them: CMC Markets or UFX 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 UFX has a commission fee of from 130. Now, let’s compare commission fees in Forex, the commission fee of CMC Markets is from 0.7 pips, and the commission fee of UFX is from 2. When analyzing commission fees in CFD: CMC Markets provides 0.08% commission, and UFX provides from 50. For a more complete picture, let’s consider trading in the metal market, where CMC Markets and UFX have commission fees of from 0.3 pips and from 50, 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, Crypto Trading are provided by UFX. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while UFX uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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 UFX was founded in 2007 in Republic of Vanuatu, and it is regulated by VFSC. We can withdraw funds from CMC Markets with the help of Bank Wire, and its withdrawal fee is free. And UFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for CMC Markets is 1 - 2 business days, and that one for UFX is up to 10 business days.
Overall, CMC Markets boasts 4.8 stars versus UFX 3.6 stars.