CMC Markets vs GoFX
CMC Markets | GoFX |
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4.7
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3.4
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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. |
GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000. |
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. | |
Bonus Offer | |
$50 No Deposit Bonus | |
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." | "GoFX provides CFDs with good trading terms on a decent range of markets. It will appeal especially to traders from its native Thailand or international traders with a high-risk-high-reward trading style who seek heavily leveraged trading." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Forex, Cryptos, CFDs on Stocks, Indices & Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, MAS, CIRO | FSA |
Margin Trading | |
Yes | Yes |
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 | No |
Robo Advisor | |
No | No |
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 | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | Yes (via MT4) |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
Yes | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
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. | Trade CFDs on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:3000. Swap-free trading is available, and all account types trade with competitive spreads and are commission-free except the Go Pro account, which charges a $7 round-turn commission. |
Leverage | |
1:30 (Retail), 1:500 (Pro) | 1:3000 |
FTSE Spread | |
1 pt | 0.01 |
GBPUSD Spread | |
0.9 | 0.00001 |
Oil Spread | |
3.5 | 0.01 |
Stocks Spread | |
0.02 | Variable |
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. | Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading. |
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. |
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GBPUSD Spread | |
0.9 | 0.00001 |
EURUSD Spread | |
0.7 | 0.00001 |
EURGBP Spread | |
1.1 | 0.00001 |
Assets | |
330+ | 28 |
Currency Indices | |
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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. | Trade tight-spread CFDs on BTC, LTC, ETH, DOGE, ADA and XRP paired with USD. This may be too small a range to satisfy many crypto traders, but it is a comparable offering to similar brokers. |
Spread | |
from 1.3 | 0.0001 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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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 |
GoFX vs |