CMC Markets vs Charles Schwab

CMC Markets vs Charles Schwab Comparison Table 2023
CMC Markets Review 2023	Charles Schwab Review 2023
Review 4.7	Review 2.8 Charles Schwab is #36 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
CMC Markets is a trustworthy brand authorized by tier-one regulators including the FCA and ASIC. Advanced trading tools, excellent market research and low fees help the broker stand out from rivals. The no minimum deposit, free demo account and social trading service have also made CMC Markets popular with aspiring traders.	Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Comment by Reviewer
"CMC Markets is a great option for active traders with thousands of instruments, spreads from 0.0 pips and an award-winning trading platform."	"Charles Schwab will serve long-term investors looking for managed accounts, financial advice and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading and no account minimums for individual brokerage accounts."
Pros
Easy to use proprietary platform with intuitive features including a pattern recognition scanner and 40+ indicators and drawing tools Transparent pricing model with lower spreads than alternatives and no deposit or withdrawal fees Comprehensive suite of market research tools and analyst insights to help make informed trading decisions CMC Alpha loyalty scheme with great perks for high-volume traders including premium support and 5% to 28.6% discounts on spreads A hugely respected broker listed on the London Stock Exchange with 300,000+ clients Responsive and knowledgeable support team available 24/5 to help new traders get started quickly	Strong investment offerings covering stocks, mutual funds, options, bonds and cryptocurrency Powerful trading software with real-time quotes, fundamental research and investment screeners Responsive customer support team available 24/7 via live chat or telephone Competitive trading fees with no commissions on stocks and ETFs Fractional shares on the S&P 500 with a $5 minimum investment Thematic investing categories and ESG compliant portfolios Strong regulatory oversight from the US SEC and UK FCA No account minimums for individual brokerage accounts High-quality educational resources for new investors
Cons
A $10 monthly inactivity fee that kicks in after 12 months of no activity Spread betting is only available in the UK US clients are not accepted	Only US markets available (except 12 foreign markets on the Global Account) High minimum investment of $5000 to use robo-advisors Limited funding methods with no e-wallets No email support
Awards
Best Trading App 2023 - DayTrading.com No.1 Platform Technology 2022 No.1 New Tool 2022 No.1 Most Currency Pairs 2022 Best Trade Execution 2021 Best Forex Broker For Beginners 2021 Most Transparent Forex Broker Europe 2020 Best Trading Platform 2020 Best Trading App 2019 Best Customer Service 2018
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting	Stocks, Futures, Options, Crypto, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$0	$1
Trading Platforms
MT4	Own
Payment Methods
Credit Card Debit Card Mastercard PayPal Visa Wire Transfer	ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
FCA, ASIC, MAS, CIRO	SEC, FINRA, FCA1
Margin Trading
Yes	No
Margin Rate
1%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
No	No
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	Yes
Custodial Account
No	Yes
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD SEK PLN	USD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange Shenzhen Stock Exchange	Dow Jones Nasdaq S&P 500 Toronto Stock Exchange
Commodities
Coffee Cannabis Copper Gold Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Steel Sugar Wheat	Soybeans
CFD Trading
CMC Markets offers leveraged CFDs on an extensive list of 12,000+ instruments with transparent pricing, powerful trading software and ultra-fast execution speeds. Out-of-hours trading on CFD indices is also available, plus 24/5 award-winning customer support.	CFD trading not offered
Leverage
1:30 (Retail), 1:500 (Pro)
FTSE Spread
1 pt
GBPUSD Spread
0.9
Oil Spread
3.5
Stocks Spread
0.02
Forex Trading
CMC Markets offers a superb list of 330+ forex pairs with tight spreads and ultra-fast executions. The selection of currencies is significantly wider than rivals.	Forex trading not offered
Forex App
CMC Markets deliver an award-winning app, compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators.
GBPUSD Spread
0.9
EURUSD Spread
0.7
EURGBP Spread
1.1
Assets
330+
Currency Indices
USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
CMC Markets offers trading on popular digital tokens and crypto indices for broader exposure to the market. There is minimal slippage and an excellent 99.9% fill rate.	Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum.
Spread
from 1.3	Floating
Coins
BTC BCH ETH LTC EOS TRON NEO ADA XLM	GBTC BITW
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
More Comparisons
CMC Markets vs	Charles Schwab vs