CMC Markets vs FreshForex Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of CMC Markets and FreshForex
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Rating | 4.4/5 | 3.8/5 |
| Foundation Year | 1988 | 2003 |
| Regulated in Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | CMC Markets Review | FreshForex Review |
Broker CMC Markets is suitable for all traders thanks to its reliability, low commissions, and excellent trading platform.
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
CMC Markets Review
CMC Markets has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.
We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you are seeking a trustworthy broker with extensive experience.
Pros and Cons of CMC Markets
Pros
- Low trading fees.
- Wide range of markets and products.
- Access to the popular MetaTrader 4 and CMC Markets platforms.
- Extensive analytical materials.
- Comprehensive educational materials.
Cons
- Limited account options.
- Inactivity fee.
- No online chat.
CMC Markets is in the top 10 of the following ratings:
FreshForex Review
FreshForex is a broker with rich experience in the market since 2004, and it has established itself as a stable and reliable partner. The broker offers a variety of trading accounts that can meet the needs of different categories of traders, including accounts with fixed and floating spreads and with market execution. An additional advantage is an extensive set of educational materials and analytics that can be useful for beginners and experienced traders.
However, there are significant disadvantages to consider. The lack of regulation by major financial institutions such as the FCA or ASIC can be critical for traders looking for maximum security for their funds. Also, the lack of a native mobile app can limit the ability to trade on the go, although this is offset by support for the popular MetaTrader 4 and MetaTrader 5 platforms. High trading commissions on ECN accounts can deter traders from seeking more favorable trading conditions.
Overall, FreshForex is suitable for traders who appreciate the variety of trading accounts and educational resources. The broker is especially ideal for those willing to accept some risk associated with the lack of regulation by reputable authorities.
Pros and Cons of FreshForex
Pros
- It has been on the market since 2004 and has established itself as a reliable and stable broker.
- Variety of trading accounts.
- Quality analytics.
- Extensive education program.
Cons
- Lack of regulation by major financial authorities.
- Absence of a mobile application.
- High trading fees.
FreshForex is in the top 10 of the following ratings:
Reliability
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 1988 | 2003 |
| Regulated in Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | Saint Vincent and the Grenadines |
| Regulators | FCA FCA BaFin BaFin FMA FMA KNF KNF FSAN FSAN CNMV CNMV CIRO CIRO ASIC ASIC NZ FMA NZ FMA MAS MAS DFSA DFSA | SVGFSA SVGFSA |
CMC Markets
CMC Markets demonstrates a high level of regulation and protection of client funds.
Pros
- Regulation in multiple countries.
- Adherence to CASS rules to protect client funds.
- Compensation through FSCS in case of financial problems.
FreshForex
FreshForex has an offshore registration. There is also a lack of strict regulation, which raises concerns about reliability
Account Opening
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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CMC Markets
The account opening process is standard but has some limitations.
Pros
- No minimum deposit requirement.
- Clear and transparent registration process.
Cons
- Requirement to provide extensive information.
- Restrictions for residents of certain countries.
FreshForex
The account opening process at FreshForex is simple and convenient.
Account Types
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Account Types | 2.3/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
CMC Markets
Accounts meet basic needs but do not offer a wide selection.
Pros
- Availability of a demo account.
Cons
- No cent or Islamic accounts.
- No accounts with fixed spreads.
- No investment accounts (PAMM, copy trading).
FreshForex
FreshForex offers a variety of accounts to meet different needs, but lacks options for passive investing.
Commissions
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Commissions | 4.7/5 | 2.2/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.7 | 1.8 |
| Commission per Lot | $3.3 |
CMC Markets
The broker offers competitive spreads and does not charge fees for depositing/withdrawing.
Pros
- No deposit or withdrawal fees.
- Competitive spreads and swaps.
- Cashback on trading commissions.
Cons
- Monthly inactivity fee.
FreshForex
FreshForex has higher than average market commissions, but does not charge for inactivity or deposits/withdrawals.
Deposit and Withdrawal
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Account Funding Methods |
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CMC Markets
The broker offers flexibility and transparency in transactions.
Pros
- No fees for deposits or withdrawals.
- Fast processing of withdrawal requests.
Cons
- Some competitors offer more payment methods.
FreshForex
FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.
Markets and Products
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Markets and Products | 4.4/5 | 4/5 |
| Forex | 336 | 52 |
| Precious Metals | 19 | 13 |
| Energy Carriers | 45 | 3 |
| Soft Commodities | 58 | - |
| Indices | 99 | 12 |
| Stocks | 10099 | 115 |
| ETF | 1200 | 7 |
| Bonds | 71 | - |
| Cryptocurrency | 336 | 74 |
CMC Markets
CMC Markets offers various trading instruments for multiple markets but with limited maximum leverage.
FreshForex
FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.
Trading Platforms
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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CMC Markets
The broker provides two powerful and flexible trading platforms.
Pros
- Availability of the popular MetaTrader 4 platform.
- Proprietary platform with extensive functionality and customization options.
Cons
- The proprietary platform may be complex for beginners.
- Lack of MetaTrader 5 platform.
FreshForex
FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.
Pros
- Access to MT4 and MT5, proven platforms.
- A large arsenal of indicators and tools.
- Versions for PC, MacOS, iPhone, Android, and Web.
Cons
- Lack of proprietary or alternative platforms.
- May be complex for beginner traders.
Analytics
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
CMC Markets
The broker offers extensive analytical resources that assist traders in decision-making.
Pros
- Comprehensive commentary and forecasts from experts.
- Technical and fundamental analysis.
- News from Reuters and economic calendar.
FreshForex
FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.
Pros
- Daily forecasts and Forex analytics.
- A variety of analysis methods.
- Additional tools such as a calculator and economic calendar.
Education
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
CMC Markets
The broker offers extensive and quality educational resources for traders of all levels.
Pros
- A wide range of educational forms: seminars, webinars, video conferences, courses.
- Classes conducted by leading traders and guest experts.
- Most materials are available for free to company clients.
FreshForex
FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.
Pros
- A variety of educational materials and courses.
- Free webinars and consultations with experts.
- A comprehensive glossary of Forex terms for beginners.
Cons
- Lack of advanced courses for experienced traders.
Customer Support
| Broker | CMC Markets | FreshForex |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
YouTube
LinkedIn
Telegram
VK
OKCMC Markets
CMC Markets provides quality technical support operating 24/5, with prompt and professional responses.
Pros
- Support available 24/5.
- Prompt and professional responses.
Cons
- Lack of online chat for instant communication.
FreshForex
FreshForex technical support offers a variety of communication channels, but the quality of service is inconsistent.
Pros
- Multiple channels of communication.
- Quick response in some cases.
Cons
- Inconsistency in service quality.
- Lack of 24/7 support.
