CMC Markets
IG
Our Rating
69
71

Regulations and Licenses

Feature
CMC Markets
IG
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
FINMA (Switzerland)
CYSEC (Cyprus)
CIRO / IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
BMA (Bermuda)

Brokerage

Feature
CMC Markets
IG
EUR/USD Avg. Raw Spread
0.5
0.16
GBP/USD Avg. Raw Spread
0.9
0.59
AUD/USD Avg. Raw Spread
0.6
0.29
EUR/USD Standard Spread
1.12
1.13
EUR/USD Fixed Spreads
GBP/USD Avg. Standard Spread
1.30
1.66
AUD/USD Avg. Standard Spread
1.64
1.01
Commissions (USD Base)
$2.50
$6.00
Minimum Deposit
$0
$450
Swap Free Account
No Inactivity Fees
Funding Methods
6+
4+
No Funding Fees

Markets and Instruments

Feature
CMC Markets
IG
Currency Pairs
338+
100+
Cryptocurrency CFDs*
19+
12+
Index CFDs
46+
34+
Share CFDs
9,000+
12000+
Commodities CFD
124+
35+
Stockbroking
9,000+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
Pro 1: 100:1
Pro 2: 250:1
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
500:1
222:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
222:1
Retail Max. Leverage (USA)
-
Major Pairs 50:1
Minor Pairs 20:1
Retail Max. Leverage (Singapore)
Major Pairs 20:1
Minor Pairs 10:1
Major Pairs 20:1
Minor Pairs 20:1
Pro. Max. Leverage (Singapore)
500:1
50:1
Retail Max. Leverage (New Zealand)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (New Zealand)
-
222:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
CMC Markets
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

CMC Markets
IG
Our Rating
690
710
 

Our comprehensive comparison covers the 10 most crucial trading factors between CMC Markets and IG.

  • IG is the world’s largest forex broker, founded in 1989, while CMC Markets boasts the most financial instruments, including 339 currency pairs.
  • IG provides a lower brokerage and offers more trading platforms, including the renowned MetaTrader 4.
  • CMC Markets generally has lower spreads across most forex pairs, such as EUR/USD, GBP/USD, and AUD/USD.
  • IG shines with its AUD/USD spread, offering a rate of 1.01, significantly lower than CMC Markets’ 1.64.
  • Both brokers are market makers, but neither uses a dealing desk; they source rates via their network of interbank providers.