Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

CMC Markets
9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT CMC MARKETS
FBS Inc
0 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT FBS INC
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

CMC Markets is regulated by the Financial Conduct Authority, NFA and ACN. CMC Markets have provided Forex trading services since 1989.

FBS Inc is regulated by IFSC, CRFIN. FBS Inc have provided Forex, Indices trading services since 2009.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 29 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 9 years in business
  • Yes
  • Yes
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters London, UK Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 32 28 48
Commodities Offered 0 2 21
Stocks Offered 9000 N/A 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE No No Yes
Dow Jones No No Yes
Dax Yes No Yes
Nikkei No No Yes
ETFs No No Yes
IPO No No Yes
See all instruments

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

See all instruments

Losses can exceed deposits

See all instruments

75% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No Yes No
MT4 Mac No Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms Next Generation No Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian

English, Spanish, Portuguese, Arabic, Chinese, Japanese, Indonesian, Malaysian, Thai, Urdu, and Vietnamese

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

75% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by CMC Markets and FBS Inc

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No Yes Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No Yes Yes
Zero spread account No Yes No
VIP account No Yes Yes
Fixed spreads No Yes Yes
Variable spreads Yes Yes Yes
See account options

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

75% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No Yes No
Direct market access No No Yes
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade Varies 0.01 lot 0.01 Lot
Max trade Varies 500 lots 100 Lot
Min deposit $200 $1 $1

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes No Yes
Signal trading Yes Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No Yes Yes
Skrill No Yes Yes
Payment processing time 1-5 business days 1 business day Same day if requested before 1PM
Withdrawal processing time 1-2 business days Same day Same day if requested before 1PM
See all funding options

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

75% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number +1300 303 888 +357 25313540 44 2036953085
Live Chat No Yes Yes
Website https://www.cmcmarkets.com https://fbs.com/ www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.7 pips + $0.00 0.5 pips 0.1 pips
GBP/USD (Average: 1.1 pips) 0.9 pips + $0.00 0.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) 0.7 pips + $0.00 1.0 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 0.9 pips + $0.00 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) 1.5 pips + $0.00 3.0 pips 0.2 pips
USD/CAD (Average: 2.9 pips) 1.7 pips + $0.00 1.0 pips 0.3 pips
NZD/USD (Average: 3.6 pips) 2.0 pips + $0.00 1.0 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) 1.1 pips + $0.00 1.0 pips 0.1 pips
View all spreads

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

75% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee Yes Yes No
Commission Yes, 0.10% No Yes
Deposit Fee Varies No No
Withdrawal Fee Varies No No
View All Fees

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

75% of retail investor accounts lose money when trading CFDs with this provider.

Featured In Best CFD Brokers
Best Spread Betting Brokers
Best Brokers For Stocks
Best Brokers For Indices
Best FCA Regulated Brokers
Best Brokers That Accept Perfect Money
Best Brokers With VPS
Best Brokers For Major Pairs
Best Brokers For EUR/USD
Best Brokers For Indices
Best Brokers That Accept PayPal
Best Forex Islamic Accounts
Best Litecoin Brokers
Best Brokers For Gold
Best Brokers For Copper
Last update

All information collected from https://www.cmcmarkets.com. Last updated on 01/12/2019.

All information collected from https://fbs.com/. Last updated on 01/12/2019.

All information collected from www.xtb.com. Last updated on 01/12/2019.

Company

CMC Markets were founded in 1989 and are one of the leading CFD and spread betting providers. The main differentiator about CMC Markets is their bespoke award-winning trading platform. CMC Markets also offer very reasonable spreads and offer a wide range of instruments.

For more information about trading with CMC Markets, we have put together an indepth CMC Markets review with all the pros and cons about this broker.

Since starting in 2009 FBS have amassed over 700,000 traders located all around the world in over 120 countries. FBS attribute their growth to listening to their traders and providing them with what they asked for including 100% regular contests, 24 hour customer support five days a week, deposits and withdrawals in any currency, low minimum deposits, no requotes and split second execution of trades. FBS have quickly become world leading broker you can trust.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

Popular comparisons

Popular comparisons feat. CMC Markets

CMC Markets Alternatives

ETX Capital vs CMC Markets
Core Spreads vs CMC Markets
Plus500 vs CMC Markets
IG vs CMC Markets
Avatrade vs CMC Markets

Popular comparisons feat. FBS Inc

FBS Inc Alternatives

FBS Inc vs XM
FBS Inc vs IC Markets
FBS Inc vs OctaFX
FBS Inc vs Exness
FBS Inc vs FXTM

Popular comparisons feat. XTB

XTB Alternatives

XTB vs IG
XTB vs Plus500
XTB vs eToro
XTB vs Interactive Brokers
XTB vs XM

CMC Markets or FBS Inc?

Well established or access to MT4?

If you’re a trader looking for a broker that has been established for a long time, CMC Markets is likely a good choice. However, if you want a broker that offers MetaTrader4 as a trading platform, FBS Inc may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider CMC Markets to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

CMC Markets is regulated by Financial Conduct Authority, while FBS Inc is regulated by Uncertain.

As the Financial Conduct Authority are one of the most stringent regulators in the world, CMC Markets will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

CMC Markets has been around for 30 years, while FBS Inc have been around for 10 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both CMC Markets and FBS Inc use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

CMC Markets is a publicly listed company, while on the other hand FBS Inc is still a privately owned company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

CMC Markets are based in London, UK, while FBS Inc are based in Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both CMC Markets and FBS Inc offer forex trading. CMC Markets have a slightly larger variety of currency pairs with 32 pairs, compared to 28 offered by FBS Inc. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, CMC Markets may be a better fit as FBS Inc does not offer commodity trading.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. FBS Inc, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

CMC Markets does allow scalping and hedging. While FBS Inc also allows scalping and hedging. You can't trade with EAs (expert advisors) on CMC Markets but you can trade EAs (expert advisors) with FBS Inc.

In terms of risk management tools, neither CMC Markets or FBS Inc offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

CMC Markets also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

CMC Markets accept Payoneer while FBS Inc accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, CMC Markets charges 0.70 points, while FBS Inc charges points. Therefore, FBS Inc is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: CMC Markets or FBS Inc?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, CMC Markets is more reliable based on our criteria above. CMC Markets has a wider range of instruments to trade. CMC Markets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.