CMC Markets vs ThinkMarkets

CMC Markets vs ThinkMarkets Comparison Table 2024
CMC Markets	ThinkMarkets
Review 4.7	Review 4

Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.	Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies.
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.	71.89% of retail investor accounts lose money when trading CFDs with this provider.
Customer Reviews
4.5 Based on 2 CMC Markets customer reviews	5 Based on 1 ThinkMarkets customer reviews
Comment by Reviewer
"With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. "	"With its diverse asset list, competitive fees and superb charting software, ThinkMarkets maintains its position as a top choice for most CFD traders. That said, experienced traders will particularly appreciate the range of advanced tools, including forex signals and VPS solutions."
Pros
The web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) is also supported. CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads. CMC Markets is heavily regulated by reputable financial authorities and maintains its stellar reputation, helping to ensure a secure and trustworthy trading environment. The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar.	Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero Unique Traders' Gym simulation tool for testing out strategies on real historical data, with multiple timeframes and custom features In-depth educational resources for beginner, intermediate and advanced level traders, plus live webinars Three stable and award-winning platforms plus seamless integration with the broker's Signal Centre Top-tier regulation from the FCA, ASIC and CySEC plus offshore branches with high leverage Free VPS hosting available for MT4 and MT5, ideal for traders using Expert Advisors (EAs) Advanced charting package from TradingView in ThinkTrader Web - ideal for day traders Reliable 24/7 multilingual support via telephone, email or live chat Quick and easy to open a ThinkMarkets account
Cons
Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG. While CMC offers an above-average suite of assets, there is no support for trading real stocks and UK clients can’t trade cryptocurrencies. Trading stock CFDs incurs a relatively high commission, especially compared to the cheapest brokers like IC Markets. An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors. The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.	$500 minimum deposit for ThinkZero account Not many payment methods available for UK traders Limited bonus offers, refer-a-friend schemes or trading competitions
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	Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA) Best Value Broker in Asia at the 2020 - Global Forex Awards Best Forex Trading Experience 2017 - UK Forex Awards Best Forex Trading Innovation 2017 - UK Forex Awards Best Customer Service 2013 - UK Forex Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting	CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only)
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
Web MT4	ThinkTrader MT4 MT5 AutoChartist TradingCentral
Payment Methods
Credit Card Debit Card Mastercard PayPal Visa Wire Transfer	Apple Pay BPAY Credit Card Google Wallet Mastercard Neteller POLi Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA	FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles
Margin Trading
Yes	Yes
Margin Rate
1%
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
App Review
The award-winning app from CMC Markets has transformed mobile trading. The app’s modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it’s an exceptional choice for day traders.
Android App Rating
3.7	4
iOS App Rating
4.1	4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts.
Social Trading
Yes	Yes
Trade Signals
Yes	Signal Centre
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD SEK NOK SGD PLN	USD EUR GBP AUD JPY CHF
Stock Exchanges
Australian Securities Exchange (ASX) 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	Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones FTSE UK Index IBEX 35 Nasdaq S&P 500
Commodities
Coffee Cannabis Copper Gasoline Gold Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Steel Sugar Wheat	Copper Gold Natural Gas Oil Platinum Silver
CFD Trading
CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries. Spreads are relatively tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market.	ThinkMarkets continues to offer an excellent range of around 3500 CFD instruments covering forex, indices, stocks and commodities. Leverage is available up to 1:30 in the EU and UK, while global clients can access up to 1:500.
Leverage
1:30 (Retail), 1:500 (Pro)	1:500
FTSE Spread
1 pt	0.7
GBPUSD Spread
0.9	0.4
Oil Spread
3.5	0.03
Stocks Spread
0.02	From 0.4
Forex Trading
CMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP.	ThinkMarkets offers 46 currency pairs, which is around the industry average. Forex traders can benefit from tight 0.0-pip spreads for EUR/USD during peak market hours. Additionally, the ThinkTrader proprietary platform offers an impressive 125+ technical indicators - ideal for complex forex strategies.
GBPUSD Spread
0.9	0.3
EURUSD Spread
0.7	0.0
EURGBP Spread
1.1	0.0
Assets
300+	45+
Currency Indices
USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
CMC Markets offers trading on popular digital tokens like Bitcoin but really stands out for its crypto indices that provide broader exposure to the cryptocurrency market. There is also minimal slippage and an excellent 99.9% fill rate, making CMC a great option for active crypto day traders.	With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions.
Spread
From 1.3	BTC 25, ETH 6 (Variable)
Coins
BTC BCH ETH LTC EOS TRON NEO ADA XLM	BCH LTC XMR DOGE XLM BTC ETH XRP
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.	71.89% of retail investor accounts lose money when trading CFDs with this provider.
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CMC Markets vs	ThinkMarkets vs