Plus500 vs CMC Markets

4.1

Plus500 Review

4.7

CMC Markets Review

Plus500 and CMC Markets are both reputable brokers regulated by top bodies, ensuring trader security. Plus500 is user-friendly and suitable for all levels, though it lacks advanced tools, whereas CMC Markets offers extensive options and features, but can be complex for novices. Plus500 is good for its simple fee structure and CFDs, while CMC excels with a wide range of assets, competitive spreads, and better educational support.

Regulation & Trust

Both brokers are regulated by respected authorities, ensuring they both operate legally and fairly. Plus500’s credibility is enhanced by its listing on the London Stock Exchange. However, it faced legal challenges, which slightly impacted its trust score. CMC Markets also has a stock exchange listing and is trusted in the market with a higher client protection cap in Canada.

Accounts & Banking

Plus500 offers a single standard account, simplifying choices for traders. It supports various currencies, and options include a swap-free account for Islamic traders. CMC Markets provides more account types, including professional accounts with greater leverage. Both brokers offer demo accounts, though Plus500’s has no time limits. Plus500 supports fee-free deposits and withdrawals, while CMC’s options are limited but secure.

Assets & Markets

Plus500 specializes in diverse CFDs, offering call and put options and futures. CMC Markets provides a broader range of assets, with over 12,000 CFDs and options trading. CMC Markets leans towards day traders, offering a wide variety of forex pairs and good conditions for spread betting. However, it lacks sustainable long-term investment options such as real stocks.

Fees & Costs

Plus500 offers commission-free trading with floating spreads, which are reasonable but not the lowest. CMC Markets provides competitive fees, particularly for forex, and offers incentives that lower trading costs. Both brokers have inactivity fees, but CMC charges no deposit or withdrawal fees, and offers a loyalty discount program.

Platforms & Tools

Plus500’s platform is user-friendly with good charting tools but lacks advanced features and integration with third-party platforms like MT4. CMC Markets provides proprietary and MT4 platforms, suitable for advanced trading. Their platform has more features but might seem overwhelming for beginners. Plus500’s mobile app mirrors its web functionality, whereas CMC Markets offers robust mobile trading.

Research

Plus500 is limited in research, providing only basic tools like economic calendars. CMC Markets excels with extensive research resources, including technical and fundamental analysis, and various data from reputable sources. CMC Markets’ offerings include live news streams and frequent market updates through CMC TV.

Education

Plus500 provides decent educational materials, particularly for beginners, but lacks depth in risk management and market analysis. CMC Markets offers comprehensive educational content, including guides and webinars, which can be beneficial for both beginners and advanced traders.

Customer Support

Plus500 offers around-the-clock support through live chat, though lacks phone support. CMC Markets excels with multilingual support via phone and email, and live chat within trading hours. Both brokers offer extensive, organized FAQs for additional help.

Is Plus500 or CMC Markets Better For Beginners?

Plus500 is better for beginners due to its straightforward interface and easy account setup. It offers educational resources aimed at new traders and a demo account with no time limits. The intuitive design helps beginners navigate trading with less complexity.

Is Plus500 or CMC Markets Better For Experienced Traders?

CMC Markets is preferable for experienced traders. It offers a diverse range of trading instruments and advanced tools. The customizable platform and access to MT4 make it appealing to seasoned traders who utilize automated strategies.

Why Pick Plus500 Over CMC Markets?

Choose Plus500 for its simplicity and user-friendliness. Its platform is well-suited for straightforward CFD trading and caters to traders who prefer an uncomplicated approach. Plus500 offers flexible account options and accessible trading with a lower minimum deposit, making it a reliable choice for those new to trading or seeking basic features.

Why Pick CMC Markets Over Plus500?

Select CMC Markets for its diverse asset variety and competitive spreads. It’s ideal for traders seeking comprehensive market access and advanced platform features. The broad educational and research resources enhance CMC Markets’ appeal for serious traders focused on informed and strategic trading.