CMC Markets Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of CMC Markets Forex Brokers and alternatives with lower fees and more security. Unbiased CMC Markets Alternatives reviews.
So which brokers are better than CMC Markets? Want to jump straight to the answer? OspreyFX is the best alternative broker to CMC Markets in 2024 .

2.8 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
20%
1.0/5
Tradable Assets
20%
1.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
50%
2.5/5
Support
60%
3.0/5

Things we didn't like:

 High stock CFD fees
 Only CFDs are available
 Customer support only 24/5

Why would you want an alternative to CMC MARKETS?

Considering an alternative to CMC Markets may be warranted due to specific shortcomings. Despite robust educational content, which lacks progress tracking, quizzes, and interactive features, CMC Markets falls short in providing a fully interactive learning experience that some traders may prefer. The MetaTrader 4 (MT4) account offered by CMC Markets includes fewer tradeable symbols compared to its proprietary platform, limiting the diversity of trading opportunities for MT4 users. Additionally, CMC Markets does not support MetaTrader 5 (MT5), which offers more advanced features than MT4, potentially restricting traders who rely on these advanced tools for analysis and trading.

What to look for in a CMC MARKETS Alternative?

When seeking an alternative to CMC Markets, prioritize brokers that offer a comprehensive educational experience with progress tracking and interactive content to enhance your learning and skill development. Look for brokers that provide a wide range of tradeable symbols across all platforms, ensuring diverse trading opportunities for all types of traders. If you prefer MetaTrader platforms, consider brokers that support both MT4 and MT5 to take advantage of advanced trading features and tools. Ensure the alternative broker offers a robust and user-friendly proprietary platform with competitive pricing and comprehensive research resources to support informed trading decisions effectively. By focusing on these aspects, you can find a broker that better aligns with your trading needs and preferences compared to CMC Markets.

Best CMC MARKETS alternatives – forex brokers like (or better than) CMC MARKETS

Best CMC Markets Alternatives

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
OspreyFX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#2
AvaTrade Overview

Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

CMC Markets Alternatives Frequently Asked Questions (FAQs):

Are there any sites like CMC Markets?
Yes, there are many sites offering similar services like CMC Markets. Those include OspreyFX, Plus500, IG Markets and many more. If you are to look for an alternative to CMC Markets for your forex trading needs, then you must make sure it is one with a better offering.
Who are CMC Markets Top Competitors?
CMC Markets 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

Are you Satisfied with what They Offer?