CMC Markets vs eToro Forex Broker Comparison
A head-to-head comparison of CMC Markets and eToro across regulation, trading costs, platforms, and editorial scoring.
Score 4.5 / 5
2 bonusesFCA-regulated and LSE-listed with one of the best proprietary platforms in retail FX and CFDs.
VS
Best-in-class social and copy trading on a clean proprietary web/mobile platform. FCA / CySEC / ASIC regulated.
Our Verdict
CMC Markets winsby 0.3 pts
CMC Markets edges ahead with a score of 4.5/5 vs eToro's 4.2/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
CMC Markets offers tighter spreads from 0.7 pips vs 1 pips for eToro, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for active traders
Recommended
CMC Markets has a cost edge: tighter spreads from 0.7 pips.
Best for platform choice
Recommended
CMC Markets offers more exclusive platform options: MetaTrader 4, a proprietary platform.
Best for beginners
Recommended
CMC Markets edges out eToro with a higher editorial score (4.5/5 vs 4.2/5), indicating a stronger overall experience for new traders.
CMC Markets vs eToro: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.3 / 5 |
Fees & Spreads 30% weight | 4.4 / 5▲ | 3.9 / 5 |
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.4 / 5 |
Customer Support 10% weight | 4.2 / 5 | 4.2 / 5 |
| Founded | 1989 | 2007 |
| Headquarters | London, United Kingdom | Tel Aviv, Israel |
| Min deposit | No minimum | $50 |
| Spreads from | 0.7 pips | 1 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 30:1 | 30:1 |
| Withdrawal fee | Free | USD 5 per withdrawal |
| Regulators | FCA ASIC DFSA BaFin FMA | FCA ASIC AMF CySEC FSRA CMVM Finansinspektionen Finanstilsynet ASF FSC CNB MNB KNF Finanstilsynet HCMC MFSA CMA FSA Seychelles |
| Platforms | MetaTrader 4 Proprietary Web/Mobile | Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit CMC Markets | Visit eToro |
CMC Markets vs eToro Forex Broker Pros & Cons
Pros
FCA-regulated, LSE-listed
Excellent proprietary platform
MT4 also available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Social and copy trading leader
Multi-asset (stocks, crypto, FX)
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
24/5 live chat support
Multilingual customer support
Cons
Inactivity fee after 12 months
No raw spread account option
Cons
Wider FX spreads
Withdrawal fee
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
Pricing transparency could be improved
No phone support
CMC Markets vs eToro: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
CMC Markets
criteria wins
0
eToro
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | CMC Markets | eToro |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Fail |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
CMC Markets vs eToro: Frequently Asked Questions
Based on our independent editorial scoring, CMC Markets ranks higher with a score of 4.5/5 vs 4.2/5 for eToro. The best choice still depends on your individual trading needs; CMC Markets and eToro may each suit different trader profiles.
CMC Markets offers tighter spreads starting from 0.7 pips, compared to eToro's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
CMC Markets has a lower minimum deposit of no minimum required, while eToro requires at least $50. This makes CMC Markets more accessible for traders with limited starting capital.
Both CMC Markets and eToro hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: CMC Markets has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
CMC Markets offers maximum leverage of 30:1, while eToro offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
CMC Markets supports MetaTrader 4, Proprietary Web/Mobile and eToro offers Proprietary Web/Mobile; both support Proprietary Web/Mobile; CMC Markets exclusively offers MetaTrader 4.
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Score 4.2 / 5
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