Review Market logoReviewMarket
Compare brokers
← All comparisons
CMC Markets
VS
FXCM

CMC Markets vs FXCM: which broker is better in 2026?

We compare CMC Markets and FXCM — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, CMC Markets edges ahead (4.0/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaCMC MarketsFXCM
Overall score 4.0 3.5
Regulation & safety 4.0 3.0
Fees & deposit 3.5 3.5
Platform & assets 4.5 4.0
User support 4.0 3.5
Trust score80/10068/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web platform (Next Generation), MetaTrader 4, TradingView (integrated), Mobile appTrading Station (web/desktop/mobile), MetaTrader 4, TradingView (integrated), API
Fee modelSpread & commission model varies per product — details not yet verifiedSpread model or spread + commission (Active Trader) — varies; exact figures not yet verified

Pros & cons

CMC Markets
  • Public company (LSE FTSE 250, since 1989) regulated by the FCA + Bermuda Monetary Authority
  • Highly regarded Next Generation platform + MT4 + TradingView integration
  • Broad coverage: forex/share/index CFDs, spread betting, and share dealing
  • Historical note: ASIC once ordered retail-client remediation over margin-netting breaches
  • Focus on leveraged CFD/spread betting products — high-risk
  • Not the choice for those chasing the cheapest cost/raw ECN
FXCM
  • An established broker since 1999 with the mature Trading Station & MT4 platforms
  • Now backed by a large financial group (Jefferies/StoneX)
  • International entities regulated by FCA/ASIC/FSCA
  • Permanently banned from the US market (2017) + a US$7 million fine for hiding a conflict of interest — a serious regulatory record
  • Trust was dented by that case; verify the entity serving your region
  • Leveraged products are high-risk

Regulation at a glance

CMC Markets

Regulated by the FCA in the UK; holds an additional license from the Bermuda Monetary Authority. Listed on the London Stock Exchange (FTSE 250).

FXCM

International entities regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), and others. IMPORTANT: FXCM has been permanently banned from the US market since 2017 (see the risk note).