Comparison CMC Markets vs Plus500
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares CMC Markets vs Plus500. Is CMC Markets or Plus500 a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. CMC Markets has a commission fee of 0.08% commission, and Plus500 has a commission fee of from 0.45%. For trading in Forex, the commission fee of CMC Markets is from 0.7 pips, while the commission fee of Plus500 is from 0.6 pips. When analyzing commission fees in CFD: CMC Markets provides 0.08% commission, and Plus500 provides from 0.065%. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.3 pips and from 0.03% for CMC Markets and Plus500, respectively. 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, Forex Trading, Futures Trading, Crypto Trading are provided by Plus500. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while Plus500 uses 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 Plus500 was founded in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And Plus500 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of £0. The withdrawal time for CMC Markets is 1 - 2 business days, and that one for Plus500 is 1-2 working days.
As a result, the rating of CMC Markets is 4.8 stars versus that of Plus500 of 4 stars.