OctaFX vs CMC Markets

OctaFX vs CMC Markets Comparison Table 2023
OctaFX	CMC Markets
Review 4.1	Review 4.7
Traders from US not accepted	Traders from US not accepted
OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.	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.
	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% (April-June 2022) 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.
Pros
Full range of investments Low minimum deposit Highly rated MetaTrader 4 and 5 Copy trading Commission-free trading Mobile app compatibility Negative balance protection (Within EU) No deposit & withdrawal fees Comprehensive educational content Bonuses and contests available (non-EU) High Leverage 1:500 (non-EU) Demo account with access to unlimited virtual funds Offers Islamic accounts	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
Cons
Few payment methods No global stocks trading Zero pip spreads unavailable The global entity is regulated offshore Small selection of tradeable instrument	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
Awards
Most Secure Broker Indonesia 2022- International Business Magazine Best Global Broker Asia 2022- International Business Magazine Best Forex Broker Pakistan 2022- Global Brands Best Forex Broker India 2022- World Finance Best Mobile Trading Platform 2022- FXDailyInfo Best In Class For Social Copy Trading 2022- Forexbrokers.com Best Trading Conditions Asia 2021- World Business Outlook	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
Promotions
Get A 50% Bonus On Each Deposit At OctaFX
Bonus
Up to 50% deposit bonus
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	Indices and ETFs > CFDs, Spread Betting, Indices, Forex, Commodities, Stocks, ETFs, Treasuries, Custom Indices
Demo Account
Yes	Yes
Minimum Deposit
$100	$0
Payment Methods
Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	Mastercard POLi Visa
Minimum Trade
0.01 lots	0.01 Lots
Regulator
SVGFSA, CySEC	FCA, MAS, ASIC, IIROC
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	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	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes (iOS & Android)	iOS and Android
Auto Trading
Yes	Yes (via MT4)
Copy Trading
Yes	No
Copy Trading Platform
Copy trading in OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
Yes	Yes
Trade Signals
Yes (EAs)	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP AUD SEK PLN
Stock Exchanges
Dow Jones FTSE UK Index Nasdaq	Deutsche Boerse S&P 500 Shenzhen Stock Exchange
Commodities
Gasoline Gold Natural Gas Oil Silver	Coffee Cannabis Copper Gold Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Wheat
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage.	CMC Markets provides leveraged CFDs on 12,000+ instruments with transparent pricing and powerful trading software.
Leverage
1:500 (Global), 1:30 (EU)	1:30
FTSE Spread
1.8	1 pt
GBPUSD Spread
1.1	0.9
Oil Spread
0.7	3.0
Stocks Spread
Variable	.10% Var
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.	CMC Markets offers an extensive list of 330+ forex pairs with tight spreads and ultra-fast executions.
Forex App
OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.	CMC Markets deliver an award winning app (Shares magazine 2019), 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
1.1	0.9
EURUSD Spread
0.7	0.7
EURGBP Spread
2.1	1.1
Assets
35	330+
Currency Indices
	USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD.	Crypto trading not offered
Spread
Variable
Coins
BTC LTC ETH ZEC SOL ADA DOT ATOM LINK AVAX BTB MANA MATIC NEAR IOTA DOGE DASH ALGO AAVE
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. 76% (April-June 2022) 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
OctaFX vs	CMC Markets vs