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Interactive Comparison Tool

XM vs CMC Markets (2026): Which Broker Is Better?

Compare fees, spreads, minimum deposits, platforms and regulatory information side by side. Conditions vary by country and legal entity.

Data last verified 2026-10-31Sources and verificationHow we compare brokers

Quick verdict

XM and CMC Markets share the top Brokeradar score

Both score 4.6/5, so the better choice depends on your account type, deposit and country. Use the key differences below to decide.

Comparing 2 brokers

XM
Editorial score
★ 4.6 / 5
Min Deposit
$5
Spreads From
0.8 pips
Max Leverage
Up to 1:1000
Regulation
CySEC, FSC Belize, ASIC, DFSA UAE, FSCA South Africa, FSA Seychelles, FSC Mauritius, CMA Kenya
Platforms
MT4, MT5, XM App
Islamic Accounts
Yes, Swap-Free
Established Year
2009
Data last verified
2026-10-31
Read ReviewOpen Account
CMC Markets
Editorial score
★ 4.6 / 5
Min Deposit
No fixed minimum
Spreads From
0.0 pips on FX Active
Max Leverage
Up to 1:200 (global); 1:30 regulated retail
Regulation
FCA, ASIC, BaFin
Platforms
CMC Platform, MT4, MT5, TradingView
Islamic Accounts
No
Established Year
1989
Data last verified
2026-11-02
Read ReviewOpen Account

XM vs CMC Markets: key differences

Calculated from the recorded data for each broker. The account type and legal entity you are onboarded by can change these figures.

  • Lower minimum deposit

    Advantage: CMC Markets

    XM
    $5
    CMC Markets
    No fixed minimum

  • Higher maximum leverage

    Advantage: XM

    XM
    Up to 1:1000
    CMC Markets
    Up to 1:200 (global); 1:30 regulated retail

  • Platforms only one broker offers

    Platforms available at only one of the compared brokers.

    XM
    XM App
    CMC Markets
    CMC Platform, TradingView

  • Licences only one broker holds

    Regulators that appear for only one of the compared brands.

    XM
    CySEC, FSC Belize, DFSA UAE, FSCA South Africa, FSA Seychelles, FSC Mauritius, CMA Kenya
    CMC Markets
    FCA, BaFin

  • More account base currencies

    Advantage: CMC Markets

    XM
    4
    CMC Markets
    7

  • Longer track record

    Advantage: CMC Markets

    XM
    2009
    CMC Markets
    1989

XM vs CMC Markets: fees and spreads

XM trading costs

Published spreads start from 0.8 pips. The minimum deposit recorded is $5. Raw and standard accounts can use different spread and commission models, so compare the account-level schedule before funding.

CMC Markets trading costs

Published spreads start from 0.0 pips on FX Active. The minimum deposit recorded is No fixed minimum. Raw and standard accounts can use different spread and commission models, so compare the account-level schedule before funding.

Regulation and country availability

A broker brand can serve customers through multiple legal entities. Licenses, leverage limits and compensation arrangements may therefore differ between two customers using the same brand.

XM

Licenses recorded: CySEC, FSC Belize, ASIC, DFSA UAE, FSCA South Africa, FSA Seychelles, FSC Mauritius, CMA Kenya.

Review XM safety details

CMC Markets

Licenses recorded: FCA, ASIC, BaFin.

Review CMC Markets safety details

Who should choose each broker?

Choose XM if…

  • ✓ Super low $5 minimum deposit
  • ✓ Excellent educational webinars
  • ✓ Huge array of deposit bonuses

Consider first: Doesn't offer cTrader or TradingView; Crypto CFDs availability is limited in EU.

Choose CMC Markets if…

  • ✓ FCA and ASIC regulated operating entities
  • ✓ No fixed minimum deposit
  • ✓ Large instrument range and strong proprietary platform

Consider first: Platform and product availability varies substantially by region; FX Active adds commission to raw spreads.

Sources and verification

Figures on this page come from the Brokeradar dataset and should be verified against the official broker pages and regulator registers below before you fund an account. Entity, leverage and fee schedules change and vary by country.

How we compare brokers

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