CMC Marketsvs
TPFxForex Broker Comparison
Two brokers with contrasting footprints clash over regulation, pricing, and platform depth. The match-up pits a global, regulation-rich model against a domestically focused offering.
Our Verdict
CMC Markets winsClear Winner
CMC Markets outpaces TPFx on the editorial score and compliance reach, with top-tier regulators, negative balance protection, investor compensation, and a larger instrument universe.
CMC Markets
4.5/5
TPFx
3.7/5
Key Differences
- 1Instrument universe: CMC about 12,000 vs TPFx about 50.
- 2Negative balance protection exists for CMC, not for TPFx.
- 3Raw spreads available at TPFx; CMC offers none.
Who should choose CMC Markets vs TPFx?
Find out which broker best suits your trader profile.
Choose CMC Markets if…
Choose CMC Markets if you want top-tier regulation and very broad instrument coverage. You also gain negative balance protection and investor compensation scheme coverage.
Choose TPFx if…
Choose TPFx if you value domestic Indonesian access and no inactivity fee. You also access MT5 alongside a proprietary platform.
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 0.70 pips vs 1.50 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
CMC Markets vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 3.7 / 5 |
CMC Markets vs TPFx 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
CMC Markets vs TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
CMC Markets
criteria wins
2
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | CMC Markets | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
CMC Markets vs TPFx: Frequently Asked Questions
CMC Markets rates 4.5/5 versus 3.7/5 for TPFx. CMC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
CMC Markets starts from 0.7 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
CMC Markets has no minimum deposit, while TPFx requires at least $60. This makes CMC Markets more accessible for traders with limited starting capital.
CMC Markets holds top-tier regulation (FCA, ASIC, DFSA), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
CMC Markets stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
CMC Markets lists maximum leverage of 30:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
CMC Markets supports ProRealTime, Proprietary Web/Mobile, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. CMC Markets has exclusive access to ProRealTime and MetaTrader 4. TPFx has exclusive access to MetaTrader 5.
