One of the most difficult and important tasks for traders can be choosing a forex broker. You need to spend hours or days on researching and analyzing different companies. Reading their policies and reviews can quite be a task for few people. But the Traders Union has made it easy for you. Here we are presenting a detailed CMC markets review along with its comparison with other brokers that can help you choose which option is good for you.
What is a CMC Markets Broker?
They have been one of the leading companies in the forex trading market since 1989. CMC markets are regulated by FCA providing a large range of trading assets including cryptocurrencies, or stock etc. They are providing segregated accounts for their traders which make them reliable and trustworthy.
Choosing a right forex broker:
Selecting a good forex broker is the base of your trading business. If you make a wrong decision while choosing it can affect your whole experience. So you need to be careful about it. Follow these tips to choose a right forex broker for yourself:
- Choose a broker according to your goals and choices.
- Forex brokers are different for active trading and for investment.
- Look for a broker that is licensed in your country.
- You can get European regulators in Europe. Local regulators can operate in the UK.
- Check Traders Union review and rating to choose.
- Carefully analyze the trading conditions and assets of the company.
- Open an account with the broker and start investing.
Comparison of CMC markets with some top rating forex brokers:
According to Union Traders rating and review articles we have top 3 forex brokers. We will discuss these three individually and then compare them with CMC markets.
Forex broker on number one position with rating of 9.6 and good customer reviews. RoboForex came into being in 2009 and is trending till now. They have made their name by providing services in 169 different countries. They have a client amount of more than 3.5 million and won many prestigious awards for being reliable. Providing conditions like tight spreads, fast execution, instant withdrawal, and quick customer support.
Here are few advantages you can get from RoboForex:
- Favorable trading assets and conditions.
- Affiliated programs.
- Instant withdrawal.
- Minimum deposit.
- Unique investment program.
This forex broker is in 2nd place with a rating of 9.5 and overall good customer review. IC Markets is a trading company well known since 2007. This company is regulated by AFSL(Australian Financial Services License) and ASIC (Australian Securities and Investment Commission). They have proven their reliability by providing services. Low spread rate, good customer services, fast order execution speed and fast services make it more reliable.
Here are few advantages of IC markets:
- Good trading conditions.
- Low spread rate
- Fast order execution
- Material for analytical training available.
- Availability of mobile apps and islamic accounts.
- High quality customer services.
XM Broker is in 3rd place with a rating of 9.4 and founded in 2009. This company is covering a narrow niche of foreign exchange market. It is a reliable and safe company which is operating in 190 countries all around the globe. XM brokers have more than 5 million traders and investors which are trading with them. This company is providing attractive trading conditions for beginners.
Here are a few advantages of working with XM brokers:
- Offering 100% execution of orders.
- 1000 plus trading assets are available.
- No commission on money withdrawal.
- Provide customer support 24/5.
- Available in more than 30 languages.
Here is a comparison list forex broker between CMC markets and these three top rating forex brokers.
|CMC Markets||RoboForex||IC Markets||XM broker|
|Leverage rate||1:500||1:2000||1:1 to 1:500||1:888|
|Spread||From 0.7 pips||From 0 pips||From 0 pips||From 1 pip to 0.6 pip.|
|Trading platforms||MetaTrader 4, Mobile apps.||MetaTrader 4, MetaTrader 5, cTrader, RMobile Trader, RWeb Trader.||MetaTrader 4, MetaTrader 5, cTrader.||MetaTrader 4, MetaTrader 5.|
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