Comparison CMC Markets vs Fidelity
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs Fidelity. Which of them: CMC Markets or Fidelity a better online broker?
First of all, we’ll compare the commission fees of the two brokers. CMC Markets has a commission fee of 0.08% commission, and Fidelity has a commission fee of $4.95. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading are provided to customers by CMC Markets and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Fidelity. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while Fidelity uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And Fidelity was founded in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). We can withdraw funds from CMC Markets with the help of Bank Wire, and its withdrawal fee is free. And Fidelity provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). The time for withdrawal in CMC Markets is 1 - 2 business days, and that one in Fidelity is immediate (Bank Wire).
As a result, the rating of CMC Markets is 4.8 stars versus that of Fidelity of 4.3 stars.