CMC Markets | eToro | |
---|---|---|
Overall Rating | 4.6 | 4.3 |
Trust | 4.9 | 4.5 |
Fees | 4.0 | 3.4 |
Platforms and Tools | 4.5 | 4.3 |
Tradable Instruments | 5.0 | 4.7 |
Customer Support | 4.2 | 4.7 |
Research | 4.7 | 5.0 |
Deposit and Withdrawal | 4.9 | 3.9 |
Account Types and Terms | 4.5 | 4.2 |
Education | 4.4 | 4.9 |
Regulators & Max Leverage | 1:30 (DFSA), 1:500 (FMA), 1:30 (FCA), 1:30 (ASIC), 1:30 (BaFin), 1:20 (MAS), 1:45 (IIROC) | 1:30 (CySEC), 1:30 (ASIC), 1:30 (FCA), 1:400 (FSA) |
Foundation Year | 1989 | 2007 |
Fees Test | Medium | High |
Tradable Instruments | 11127 | 6030 |
Trading Platforms | CMC Mobile App, CMC Web Platform, MT4 | eToro Platform |
Minimum Deposit | $0 | $100 |
Read Reviews |
After thoroughly exploring both brokers, I have concluded that CMC Markets is an excellent choice for spread betting, while eToro excels in social trading. I have outlined the key reasons for these opinions in the table below:
CMC Markets Best for Spread Betting |
eToro Best for Social Trading |
FCA regulation | No commission for social trading |
Tax-free spread betting | 5,800+ tradable instruments |
12,000+ instruments for spread betting | Highly regulated |
Competitive prices | Versatile platform |
Cutting edge platform | In-depth research content |
Advanced research tools | Suitable for hedging |
CMC Markets is a well-established Spread Betting and CFD trading broker. Founded in the distant 1989, the UK-based company has gained a reputation for its reliability and diverse services. CMC Markets offers spread betting with over 12,000 instruments across different markets tax-free and at competitive prices.
In addition to its diverse spread betting offering, CMC Markets also caters to the needs of day traders and scalpers. The broker has a feature-rich proprietary platform that gives high-frequency traders a competitive edge in volatile trading. It features guaranteed and trailing-stop orders, allowing scalpers and day traders the opportunity to exercise tight risk management and squeeze maximum profits out of winning trades.
CMC Markets is, without a doubt, one of the most well-rounded derivatives brokers in the industry. It offers penetrating research materials and extensive educational content, providing traders with comprehensive insights. Moreover, it is tightly regulated by multiple Tier-1 regulators and is listed on a major stock exchange, which attests to its overall safety. And all of this comes with industry-leading low spreads and commissions.
Recommended in 2 best broker guides: |
Best IIROC-Regulated | BaFin-Regulated |
eToro is one of the biggest and most recognizable brands in the trading industry, with an offering primarily geared towards copy trading. The broker was founded in 2007 and is headquartered in Israel. eToro has a very intuitive platform, charges below-average trading fees, and offers quite a lot of supporting tools.
eToro is designed with a strong focus on copy and social trading, creating an ecosystem where strategy providers and followers can connect easily. The platform encourages interaction, allowing users to share trading ideas and experiences while benefiting from each other’s strategies and goals.
Unlike most other brokers that offer copy and social trading, eToro does not charge a service (commission) fee for this particular type of trading. This makes it more cost-effective for strategy providers to market their systems and for strategy followers to capitalize on their success.
Recommended in 6 best broker guides: |
Trading Apps | Platforms in Europe | Hedging | Copy and Social Trading | Crypto | Ethereum |
Trust Rank | 4.9 | 4.5 |
Regulators & Max Leverage | 1:30 (DFSA), 1:500 (FMA), 1:30 (FCA), 1:30 (ASIC), 1:30 (BaFin), 1:20 (MAS), 1:45 (IIROC) | 1:30 (CySEC), 1:30 (ASIC), 1:30 (FCA), 1:400 (FSA) |
Foundation Year | 1989 | 2007 |
Publicly Traded | ||
Has a Bank |
Spread betting is available through CMC Markets’ UK entity — CMC Markets UK plc — regulated by the FCA. Clients of this subsidiary are ensured segregated client funds, negative balance protection, and a compensation scheme. They are protected by up to £85,000 under the FSCS. Furthermore, CMC Markets is listed on the London Stock Exchange (LSE), underscoring the company’s stability and transparency.
eToro holds four Tier-1 regulations (CySEC in Cyprus, FCA in the UK, ASIC in Australia, and FINRA in the US) and one offshore regulation (FSA in the Seychelles). The broker adheres to the strictest safety requirements and provides essential safety mechanisms, such as the segregation of client funds and negative balance protection.
Fees Rank | 4.0 | 3.4 |
Inactivity Fee |
CMC Markets charges extremely low trading fees. Its spread betting account features commission-free trading with floating spreads starting from 0.5 pips. This combination not only falls below the industry average but also offers some of the most favorable conditions in the industry. The same applies to its CFDs trading account, which also provides floating spreads from 0.5 pips.
eToro’s retail account offers commission-free trading with floating spreads starting at 1.0 pips, which generally aligns with the industry average. Notably, there are no additional fees for copy trading. However, higher-than-average swap charges make the platform more suitable for short-term trading. I concluded, that eToro’s most competitive conditions are for trading share CFDs, as the broker does not impose fixed commissions on these instruments
For more options, you can also check out our list of the best forex brokers with the lowest spreads.
Platform Rank | 4.5 | 4.3 |
Trading Platforms | CMC Mobile App, CMC Web Platform, MT4 | eToro Platform |
Mobile Apps | Android, iOS | Android, iOS |
CMC Markets’ proprietary platform features more than 150 analytical tools and chart configurations, providing chart artists with all the necessary tools for comprehensive and deep technical analysis. The platform’s charts are fluid and highly expressive. A great advantage is that traders can look back at price action from years ago, allowing them to backtest their strategies and configure them for various market sentiments.
eToro’s proprietary platform facilitates social trading, connecting strategy providers with strategy followers. Powered by the seamless Trading View technology, its charts are extremely fluid and detailed. The platform supports over 150 analytical tools, including technical indicators and drawing tools, along with other chart configurations, enabling sophisticated technical analysis.
Tradable Instruments Rank | 5.0 | 4.7 |
# Tradable Instruments | 11127 | 6030 |
# Currency Pairs | 330 | 55 |
# Commodities | 100 | 35 |
# Crypto | 21 | 170 |
# Stocks | 9500 | 5078 |
# Indices | 83 | 21 |
CMC Markets impresses again with the scope of its instruments offering. Traders can engage in spread betting across more than 12,000 instruments, alongside access to thousands of CFDs and lower-risk options like treasuries. This broad selection allows traders to explore diverse opportunities while managing their overall market exposure effectively.
eToro offers more than 5,800 tradable instruments across multiple asset classes, such as FX pairs, commodities, indices, share CFDs, ETFs, and cryptocurrencies. These can be traded exclusively as CFDs. The broker balances higher-yield/risk assets and lower-risk securities so that traders can control their market exposure more effectively.
Customer Support Rank | 4.2 | 4.7 |
Availability | Available 24/5 | Available 24/5 |
Live Chat |
CMC Markets provides 24-hour multilingual support, available from Monday to Friday. Customers can reach the support team via live chat, email, or phone. While the agents are generally knowledgeable and can help even with more complex questions, their response times tend to be longer than usual.
eToro offers multilingual support through email. Live chat and phone support are only available to registered clients with a minimum account balance of $5,000. Traders can submit their inquiries via the ticketing service on eToro’s website by filling out a form. Although the responses are typically well-researched and insightful, they may take several business days.
Research Rank | 4.7 | 5.0 |
News (Top-Tier Sources) | ||
Economic calendar | ||
Videos/Webinars | ||
Trading Central (Recognia) | ||
Autochartist |
The best thing about CMC Markets’ research content is its nuanced approach. The broker delivers top-notch research through in-house analysis, third-party materials, and engaging video content. Daily reports like the Morning Call and Evening Call provide timely updates on key markets, while breaking news and Price Mover insights cater to active traders. The broker’s frequently updated blog and CMC TV on YouTube offer in-depth analyses and live coverage of major economic events, ensuring traders have access to actionable insights across various formats.
eToro offers a diverse range of excellent research tools, combining in-house insights with third-party content. Resources include market analyses, an earnings calendar, an ESG tool for ethical investing, and detailed daily market breakdowns through eToro Plus. Video breakdowns on YouTube provide actionable insights, while the news screener keeps traders updated directly on the platform. These tools cater to both traders and investors, offering valuable insights in accessible formats.
Deposit and Withdrawal Rank | 4.9 | 3.9 |
Deposit Options | PayPal, Wire Transfer, Credit Card, Debit Card | Sofort, Przelewy, Wire Transfer, Skrill, Neteller, iDeal, Klarna, Trustly, Rapid Transfer, Debit Card |
Withdrawal Options | Wire Transfer, Credit Card, PayPal, Debit Card | Wire Transfer, Neteller, Moneybookers, Webmoney, Skrill, PayPal, Debit Card, iDeal, Klarna, Sofort, Przelewy |
Withdrawal Fee |
CMC Markets facilitates deposit and withdrawal transactions via bank wire transfers, credit/debit cards, or PayPal. Both deposits and withdrawals are free of charge. Deposits are processed immediately, while withdrawals via credit/debit card can take up to 5 working days, and those via bank transfer or PayPal take 1 to 2 working days.
eToro offers deposits and withdrawals through bank wire, credit/debit cards, PayPal, Neteller, Skrill, Rapid Transfer, iDeal, Klarna, Trustly, Przelewy24, and the eToro Money Wallet. All payment transactions are instant, except for bank transfers, which may take 4 to 7 business days. While deposits are free of charge (conversion fees may apply), withdrawals incur a $5 fee.
Account Types and Terms | 4.5 | 4.2 |
# Base Currencies | 330 | 55 |
Islamic Account | ||
Demo Account | ||
Minimum Deposit | $0 | $100 |
CMC Markets offers a dedicated spread betting account as well as a CFD trading account. There is no minimum deposit requirement for either account, making them highly accessible. Furthermore, the combination of commission-free trading and floating spreads from 0.3 pips makes CMC Markets’ retail accounts extremely favorable.
eToro offers a single retail account type with a $50 minimum deposit requirement and multiple tiers. The more money one has in the account balance, the better conditions one gets, such as discounts on exchange rate fees, interest on the balance, and more. The broker also has Islamic accounts that allow for swap-free trading.
Education Rank | 4.4 | 4.9 |
Videos | ||
Webinars |
CMC Markets delivers multifaceted educational content, including articles, guides, videos, and webinars. There is a strong emphasis on practical aspects, such as constructing trading strategies and trading during news announcements. Beginners can also learn about the basics of risk management and fundamental analysis.
eToro stands head and shoulders above other brokers when it comes to the range of its educational materials. The broker provides an impressive array of 21 courses, guides, and step-by-step tutorials. Traders can delve into the intricacies of technical analysis, fundamental analysis, and trading psychology.
Since 2011, FX Empire has developed a detailed methodology for evaluating CFD brokers, involving over 250 variables across nine crucial categories. Our team of experts, with deep industry knowledge, conducts live testing and research by interacting with the brokers directly. We check regulations, open accounts, test spreads, account costs, platform functionality, instrument variety, customer support reliability, and the quality of research and educational content. This granular analysis helps us identify each broker’s strengths and weaknesses, keeping our comparisons current with market trends and ensuring our guides meet traders’ needs.
We strive to evaluate each broker objectively, considering how their offerings align with the diverse trading goals and preferences of our readers. Our focus is on providing a balanced overview of each broker’s strengths and weaknesses. This method ensures that our readers receive clear, insightful comparisons to aid in making well-informed trading decisions.
We employ a comprehensive rating system across nine key categories:
In each category, we conduct an in-depth analysis for both brokers, outlining features, advantages, and disadvantages and determining their suitability for different trader profiles. By blending insights from our extensive reviews with first-hand experiences and observations, we ensure each comparison is balanced, informative, and tailored to the trader’s unique needs. You can read more about our review process here.