eToro versus CMC Markets

Millennial and GenZ traders who prefer social trading from a user-friendly mobile app will find eToro an ideal broker. Services like the proprietary CopyTrader and CopyPortfolios serve the active trading community of 25M+ well, and passive investors get in-house managed thematic investment portfolios. Beginner traders get quality services like the eToro Academy, eToro plus, and The Bull Club.

CMC Markets provides traders with a cutting-edge proprietary web-based trading platform, including an automated pattern recognition scanner, a price projection box, and detailed trade analytics. Algorithmic traders get the MT4 trading platform, the leader in this category. Quality education and research are also available.

We have conducted an in-depth review of eToro 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 & PlatformseToro (visit site)CMC Markets (visit site)
Headquarter:IsraelUK
Established :
20071989
Retail Loss Rate:
Undisclosed73.00%
Regulation:
Minimum Deposit:
$10 - $10,000$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$10 monthly after 12 months$15 monthly after 12 months
Deposit Fee:
Third-Party Third-Party
Withdrawal Fee
Yes + Third-PartyThird-Party
Funding Methods:
104
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Large trading communityOutstanding asset selection
Unique Feature Two:
Copy-trading platformIn-depth educational content
Broker Offers:
*74% of retail CFD accounts lose money

Noteworthy:

eToro continues to expand further into cryptocurrencies with a newly announced NFT fund. CMC Markets shines with its fast order execution and deep liquidity.

Available Markets

Available MarketseToroCMC Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:301:30
Maximum Pro Leverage:
Undisclosed1:500

2,000+ CFDs, direct share dealing, and in-house managed thematic investment portfolios ensure traders with eToro have sufficient market exposure. CMC Markets counters with 11,500+ assets, including an offering of 330+ currency pairs, making it a leader in this sector. Passive investors get ETFs at both brokers, eToro has more cryptocurrencies, but CMC Markets features crypto indices.

Typical Spreads and Fees

Typical Spreads & FeeseToroCMC Markets
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
1.0 pips0.7 pips
Minimum Commission for Forex:
N/ACommission-free
Commission for Equity CFDs:
0.09%0.10% or $0.02/share (US)
Cash Rebates:
Execution Type:
Market MakerMarket Maker

Forex traders at eToro face trading costs starting at $10 per lot versus $7 at CMC Markets. eToro offers commission-free direct share investments but levies a 0.09% commission on CFDs. CMC Markets charges 0.10% but maintains a volume-based rebate program, creating a notable cost advantage for high-volume traders.

Security and Trust

eToro

Country of the RegulatorName of the RegulatorLicense Number
US
N/AN/A
Cyprus
Cyprus Securities Exchange Commission109/10
UK
Financial Conduct Authority583263
Australia
Australian Securities and Investments Commission491139
Seychelles
Financial Services AuthoritySD076

CMC Markets

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

Both brokers segregate client deposits from corporate funds and offer negative balance protection. An investor compensation fund exists for selected subsidiaries. eToro also has a $1,000,000 third-party insurance program underwritten by Lloyd's of London, while CMC Markets is a publicly listed company and FTSE250 constituent. The security and trust environments at both brokers are excellent.

eToro vs CMC Markets – Verdict

eToro

ProsCons
Copy-trading with a community numbering almost 25 million tradersHigher minimum deposit requirement but within a reasonable range
User-friendly web-based trading platform and mobile appAbsence of MT4 and no algorithmic trading
Quality educational offering for beginner traders via videos
Balanced asset selection with a focus on equity CFDs and ETFs

CMC Markets

ProsCons
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
A publicly listed company with a clean track record and decades of experience

CMC Markets offers a well-balanced asset selection, outstanding order execution, and supports algorithmic trading. Since eToro serves its core trader base of millennial and GenZ traders who prefer casual, mobile social trading better, it takes an overall lead over CMC Markets as a broker.

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