CMC Markets vs NordFX Comparison
Compare trading conditions, commissions and platforms of Forex brokers CMC Markets and NordFX. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - CMC Markets or NordFX?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
CMC Markets
- Minimum deposit · USD
- 1 USD
- Different platforms
- CMC Markets
- Different markets
- Soft Commodities
- ETF
- Bonds
NordFX
- Minimum deposit · USD
- 10 USD
- Different platforms
- None listed
- Different markets
- None listed
Comparison Table of CMC Markets and NordFX
Swipe the table left or right to view all data.
| Broker | CMC Markets | NordFX |
|---|---|---|
| Foundation Year | 1989 | 2008 |
| Regulated in Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | — |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:30 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | CMC Markets Review | NordFX Review |
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:
NordFX Review
NordFX is a broker with various trading accounts and conditions, making it attractive for different categories of traders — from beginners to professionals. Tight spreads and analytical tools are backed by good technical support, which is a significant plus.
NordFX is suitable for traders who prefer to use MetaTrader 4 and who do not require a wide range of CFDs or alternative trading platforms. This broker is perfect for those seeking diverse market analysis options and personalized support.
Pros and Cons of NordFX
Pros
- Diversity of trading accounts and services.
- Tight spreads.
- Wide range of deposit and withdrawal methods.
- Extensive set of analytical tools.
- Good customer support.
Cons
- Lack of regulation.
- High commission on Zero account.
- Long withdrawal request processing time.
- Lack of soft commodities and limited overall number of CFDs.
- There are no alternatives to MT4.
NordFX is in the top 10 of the following ratings:
Reliability
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Reliability | 5/5 | 2/5 |
| Foundation Year | 1989 | 2008 |
| Regulated in Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | - |
| Regulators | - |
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.
NordFX
NordFX holds legal registration, but the lack of regulation diminishes its reliability, which is crucial for protecting client interests.
Account Opening
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| Broker | CMC Markets | NordFX |
|---|---|---|
| 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.
NordFX
Registration is simple and intuitive, with minimal requirements to start trading. Verification, while mandatory, complies with international standards.
Account Types
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Account Types | 2.3/5 | 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 | 1:1000 |
| 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).
NordFX
NordFX offers a wide range of account types and services.
Pros
- Flexible options for different traders.
- PAMM accounts and copy trading available.
- VPS available.
Cons
- Lack of cent accounts.
Commissions
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Commissions | 4.7/5 | 2.5/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.7 | 1.2 |
| Commission | No data | per 1 lot$3.50 |
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.
NordFX
NordFX's commission policy is quite flexible and offers various options for different types of traders.
Pros
- Flexible commission system suitable for different strategies.
- Tight spreads on the Pro account.
Cons
- Above-average transaction commission on the Zero account.
- Inactivity fee.
- High swaps.
Deposit and Withdrawal
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| 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.
NordFX
NordFX offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies. Most transactions are processed quickly, but withdrawal times can take up to 5 business days.
Pros
- Numerous available deposit methods.
- Competitive commissions.
- Instant account funding.
Cons
- Withdrawal time up to 5 business days.
- Withdrawal only by the same method as deposit.
- Verification required for fund withdrawal.
Markets and Products
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Markets and Products | 4.4/5 | 4/5 |
| Forex | 336 | 33 |
| Precious Metals | 19 | 2 |
| Energy Carriers | 45 | 3 |
| Soft Commodities | 58 | - |
| Indices | 99 | 4 |
| Stocks | 10099 | 68 |
| ETF | 1200 | - |
| Bonds | 71 | - |
| Cryptocurrency | 336 | 15 |
CMC Markets
CMC Markets offers various trading instruments for multiple markets but with limited maximum leverage.
NordFX
NordFX offers a variety of markets, including currencies, metals, and cryptocurrencies. However, the selection is limited compared to competitors, especially in terms of CFDs and the lack of soft commodities.
Pros
- Diversity of asset classes.
- Access to 15 cryptocurrencies.
Cons
- Lack of soft commodities.
- Limited number of CFDs.
Trading Platforms
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Rating | 4.5/5 | 3/5 |
| 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.
NordFX
NordFX provides the MetaTrader 4 platform, which is reliable and feature-rich. The platform is available on various devices, including MultiTerminal for managing multiple accounts.
Pros
- Reliable and proven MT4 platform.
- Desktop and mobile versions available.
- MultiTerminal for managing multiple accounts.
Cons
- Lack of a web-based platform.
- Limited choice of trading platforms.
Analytics
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Rating | 5/5 | 4/5 |
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.
NordFX
NordFX boasts strong analytics. A variety of tools are offered: weekly forecasts, economic calendar, trader's calculator.
Pros
- Weekly forecasts for Forex and cryptocurrencies.
- Economic calendar.
- Convenient calculator for estimating potential profits.
Cons
- Lack of trading signals.
- Insufficient analytics from company experts.
- Limited selection of analytical materials.
Education
Swipe the table left or right to view all data.
| Broker | CMC Markets | NordFX |
|---|---|---|
| Rating | 5/5 | 4/5 |
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.
NordFX
The broker offers a variety of video and audio courses, as well as useful articles in the blog, which is a plus for self-directed trader education.
Pros
- Variety of formats: video, audio, articles.
- Materials for different skill levels.
- Regular blog publications.
Cons
- Lack of webinars.
- No seminars or master classes.
- No personalized training.
Customer Support
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| Broker | CMC Markets | NordFX |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
CMC 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.
NordFX
NordFX technical support deserves high praise for the variety of communication channels and the effectiveness of the solutions provided. Client reviews highlight the high level of service.
Pros
- 24/7 availability.
- Multiple communication channels: live chat, email, phone.
- High level of staff professionalism.
Comparisons of CMC Markets and NordFX with other brokers
Conclusion
When choosing between CMC Markets and NordFX, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: CMC Markets or NordFX?
CMC Markets ranks higher than NordFX in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: CMC Markets or NordFX?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — CMC Markets or NordFX?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with CMC Markets and NordFX?
CMC Markets: MetaTrader 4, CMC Markets. NordFX: MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with CMC Markets and NordFX?
CMC Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. NordFX: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by CMC Markets and NordFX?
CMC Markets: CFD. NordFX: Fix, Pro, Zero. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by CMC Markets and NordFX?
CMC Markets: PayPal, Bank Transfer, Visa, Mastercard, Maestro, Online banking. NordFX: WebMoney, Skrill, Neteller, Dragonpay, AstroPay, TC Pay, FasaPay, Boleto, DOKU Wallet, Binance Pay, Swift, Visa, Mastercard, Ngan Luong, Help2pay, PayTrust88. Check method-specific fees/settlement times.
Which broker is safer — CMC Markets or NordFX — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
