CMC Markets vs. IG Markets

IG Markets and CMC Markets share many similarities in their core trading environment. IG Markets remains the leading CFD broker, writes new CFDs if demand exists, and is a liquidity provider for smaller brokers. Traders get the proprietary web-based trading platform, ProRealTime, MT4, and L2 Dealer. IG Markets upgrades the core MT4 with 18 add-ons plus the Autochartist plugin, creating a superior MT4 trading experience.

CMC Markets also features a cutting-edge proprietary web-based trading platform. It includes an automated pattern recognition scanner, a price projection box, and detailed trade analytics. It supports algorithmic trading via the core MT4, where IG Markets also offers API trading.

I have conducted an in-depth review of IG Markets and CMC Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsCMC Markets (visit site)IG Markets (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$15 monthly after 12 months£12 monthly after 24 months
Deposit Fee:
Withdrawal Fee
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Outstanding asset selection API Trading
Unique Feature Two:
In-depth educational contentMT4 plugins + Autochartist
Broker Offers:


Both brokers offer beginner traders high-quality educational content and in-house market research. The similarities extend to the lack of funding methods at both UK publicly listed brokers.

Available Markets

Available MarketsCMC MarketsIG Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

The overall asset selection at IG Markets remains broader, but CMC Markets features industry-leading Forex exposure with 330+ currency pairs. It also takes a minor edge in cryptocurrencies, but neither broker serves the sector well. IG Markets and CMC Markets offer in-depth cross-asset exposure, catering to retail and professional traders alike.

Typical Spreads and Fees

Typical Spreads & FeesCMC MarketsIG Markets
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
0.7 pips0.6 pips
Minimum Commission for Forex:
Commission for CFDs/DMA:
0.10% or $0.02/share (US)0.10% or $0.02/share (US)
Commission Rebates:
Execution Type:
Market MakerMarket Maker/ECN

Both brokers present a commission-free Forex pricing environment, where IG Markets has a minor edge while the commission-based equity cost structure remains identical. Traders get deep liquidity at both brokers, who maintain institutional services. High-volume traders benefit from rebate programs available at IG Markets and CMC Markets.

Security and Trust

CMC Markets

Country of the RegulatorName of the RegulatorLicense Number
Financial Conduct AuthorityFCA Registration Number 173730 and 170627
Federal Financial Supervisory AuthorityHRB 154814

IG Markets

Country of the RegulatorName of the RegulatorLicense Number
Financial Conduct AuthorityFCA Reference Number 195355
Cyprus Securities and Exchange CommissionLicense Number 378/19
Federal Financial Supervisory AuthorityBaFin ID Number 10148759
Swiss Financial Market Supervisory AuthorityConfirmed, but no regulatory license number
Dubai Financial Services AuthorityDFSA Reference Number F001780
South Africa
Financial Sector Conduct AuthorityFSP Number 41393
Monetary Authority of SingaporeConfirmed, but no regulatory license number
Japanese Financial Services AgencyUnconfirmed
Australian Securities & Investments CommissionAFSL Number 220440, AFSL Number 515106
New Zealand
Financial Markets AuthorityFSP18923

IG Markets and CMC Markets segregate client deposits from corporate funds and offer negative balance protection. They are both publicly listed companies, FTSE 250 constituents, and offer equally secure and trustworthy trading environments with clean track records.

CMC Markets vs IG Markets – Verdict

CMC Markets

Cutting-edge proprietary trading platform for manual tradersLow leverage for retail traders
Excellent asset selection and leading Forex broker with 330+ currency pairsLimited deposit and withdrawal methods
In-depth educational platform for beginner traders and quality research
Publicly listed company with a clean track record and decades of experience

IG Markets

Excellent choice of trading platforms and superior asset selectionLimited deposit and withdrawal methods
Competitive trading costs with a volume-based cash rebate programHigher minimum deposit requirement, but within a reasonable demand
Outstanding trading environment for algorithmic trading, including API support
Comprehensive educational tools for beginner traders

Traders will get a cutting-edge trading environment at both brokers. IG Markets maintains an overall edge in trading costs, asset selection, and support for algorithmic trading solutions via its superb choice of trading platforms. CMC Markets excels with its market-leading Forex selection.

You might also be interested in reviewing the below broker comparisons:

Read full IG Review


Which broker is better than IG?

IG Markets presents an overall high-quality trading environment with which most brokers cannot compete.

Is CMC Markets a good broker?

CMC Markets is a good broker and offers an industry-leading trading environment, especially for Forex traders.

Is IG a good broker?

IG Markets ranks among the most competitive brokers industry-wide, with few competitors able to match its products and services.

Is CMC Markets a market maker?

CMC Markets offers a market maker execution model.

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