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
VISIT CMC MARKETS
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. |
Invast
8.5
/10
VISIT INVAST
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. |
AvaTrade
9.7
/10
VISIT AVATRADE
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. |
|
About |
CMC Markets is regulated by the Financial Conduct Authority, NFA and ACN. CMC Markets have provided Forex trading services since 1989. |
Invast is regulated by ASIC. Invast have provided Forex, CFD trading services since 1960. |
AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. |
|
Why choose them? |
|
|
|
|
Headquarters | London, UK | Level 27, Aurora Place, 88 Phillip Street, Sydney NSW 2000 | Dublin, Ireland | |
TRADING SERVICES OFFERED |
||||
Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 32 | 59 | ||
Commodities Offered | 0 | 16 | ||
Stocks Offered | 9000 | 99 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
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
79% of retail investor accounts lose money when trading CFDs with this provider. |
||
PLATFORM & FEATURES |
See the platforms and features offered by each broker |
|||
Screenshot |
![]() |
![]() |
![]() |
|
MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | Next Generation | MaxxTrader | AvaTradeAct, AVAOptions | |
APPS |
||||
iOS |
||||
Android |
||||
Windows |
||||
Available Languages |
English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian |
English and Mandarin |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
|
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
79% 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 Invast |
|||
Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
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
79% of retail investor accounts lose money when trading CFDs with this provider. |
||
TRADING CONDITIONS |
||||
Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | Varies | 0.01 Lot | 0.01 Lot | |
Max trade | Varies | 5M lot | None | |
Min deposit | $200 | $25000 | $100 | |
RISK MANAGEMENT |
||||
Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
||||
Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1-5 business days | 3-5 business days | Varies | |
Withdrawal processing time | 1-2 business days | 3-5 business days | Varies | |
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
79% of retail investor accounts lose money when trading CFDs with this provider. |
||
DETAILED INFO |
||||
Excluded countries | US | US | BE,BR,NZ,US,KE,IN,GH | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | +1300 303 888 | +61 2 9083 1333 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | https://www.cmcmarkets.com | http://www.invast.com.au/ | http://www.avatrade.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 0.7 pips + $0.00 | Not offered | 0.9 pips | |
GBP/USD (Average: 1.1 pips) | 0.9 pips + $0.00 | Not offered | 1.6 pips | |
USD/JPY (Average: 1.1 pips) | 0.7 pips + $0.00 | Not offered | 1.1 pips | |
AUD/USD (Average: 0.8 pips) | 0.9 pips + $0.00 | Not offered | 1.1 pips | |
USD/CHF (Average: 2.3 pips) | 1.5 pips + $0.00 | Not offered | 1.6 pips | |
USD/CAD (Average: 2.9 pips) | 1.7 pips + $0.00 | Not offered | 2.0 pips | |
NZD/USD (Average: 3.6 pips) | 2.0 pips + $0.00 | Not offered | 1.8 pips | |
EUR/GBP (Average: 2.4 pips) | 1.1 pips + $0.00 | Not offered | 1.5 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
79% of retail investor accounts lose money when trading CFDs with this provider. |
||
FEES |
||||
Inactivity Fee | Yes | No | No | |
Commission | Yes, 0.10% | 0.06%- 0.30% | No | |
Deposit Fee | Varies | Varies | No | |
Withdrawal Fee | Varies | Varies | 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
79% of retail investor accounts lose money when trading CFDs with this provider. |
||
Featured In | Best CFD BrokersBest Spread Betting BrokersBest Brokers For StocksBest Brokers For IndicesBest FCA Regulated Brokers | Best MT4 BrokersBest Brokers For HedgingBest 5 Digit BrokersBest Brokers For Cross Currency PairsBest Brokers For Indices | Best MT4 BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Ripple BrokersBest Litecoin Brokers | |
Last update |
All information collected from https://www.cmcmarkets.com. Last updated on 01/01/2021. |
All information collected from http://www.invast.com.au/. Last updated on 01/01/2021. |
All information collected from http://www.avatrade.com/. Last updated on 01/01/2021. |
|
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. |
Invast is an online forex and binary options trading service provider who are regulated by the ASIC. To open an account with Invast, minimum deposits start from AUD$25,000. |
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. |
|
Popular comparisons |
Popular comparisons feat. CMC Markets
ETX Capital vs CMC Markets |
Popular comparisons feat. Invast http://Invast Alternatives
ETX Capital vs Plus500 |
Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, CMC Markets is likely a better option. However, if you want a broker that offers MetaTrader4 as a trading platform, Invast may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider CMC Markets to be the more reliable broker. We’ve broken down why below:
CMC Markets is regulated by Financial Conduct Authority, while Invast is regulated by ASIC.
AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
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 32 years, while Invast have been around for 61 years. Our third alternative broker, AvaTrade, have been around for 15 years.
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.
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 Invast use tier one banks, but we are not sure of which bank specifically.
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.
We’re not aware of any penalties or fines imposed by regulators on CMC Markets or Invast in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
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.
Both CMC Markets and Invast are public limited companies.
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 Invast are based in Level 27, Aurora Place, 88 Phillip Street, Sydney NSW 2000 .
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:
If you’re looking to trade currency pairs, both CMC Markets and Invast offer forex trading. CMC Markets have a slightly larger variety of currency pairs with 32 pairs, compared to offered by Invast. 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 Invast does not offer commodity trading.
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. Invast, for example, offer a mini account, standard account and VIP account.
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 Invast also allows scalping and hedging. You can't trade EAs (expert advisors) with either CMC Markets or Invast.
In terms of risk management tools, neither CMC Markets or Invast 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.
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 Invast charges 0.00 points. Therefore, Invast 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.
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.