Choose CMC Markets if you want…
Discretionary traders wanting deep instrument coverage and a sophisticated proprietary platform from a publicly-listed UK broker.
CMC Markets
⭐ 4.5 / 5
VS
FXGT
⭐ 3.6 / 5
CMC Markets vs FXGT — which broker is better in 2026?
We compared CMC Markets and FXGT across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. CMC Markets wins on more criteria (4 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| CMC Markets | FXGT | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.5 / 5 | ⭐ 3.6 / 5 | CMC Markets |
| Regulators | FCA, ASIC, BaFin, MAS, FMA NZ, IIROC, MA Poland | CySEC, FSCA (South Africa), FSC Mauritius, VFSC Vanuatu | CMC Markets |
| Min. deposit | $0 (no minimum) | $5 | CMC Markets |
| Spreads from | 0.7 pips (Next Generation) | 0.0 pips (ECN) | FXGT |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (Professional) | 1:1000 | — |
| Platforms | CMC Next Generation, MT4, CMC Mobile | MT4, MT5 | CMC Markets |
| Founded | 1989 | 2019 | — |
| HQ | London, United Kingdom | Limassol, Cyprus | — |
Pros & cons compared
CMC Markets pros
- ✓ Founded 1989 — among the oldest CFD brokers (LSE: CMCX)
- ✓ FCA, ASIC, BaFin, MAS — tier-1 regulators across major financial centres
- ✓ 12,000+ instruments — one of the broadest catalogues in retail CFDs
- ✓ Award-winning proprietary 'Next Generation' platform
- ✓ No minimum deposit
Cons
- ✗ Proprietary platform has a learning curve vs. MT4
- ✗ Spread on FX 'Standard' account (0.7 pips) wider than ECN brokers
- ✗ Limited cryptocurrency CFD coverage
FXGT pros
- ✓ Hybrid broker covering both crypto and traditional FX/CFDs
- ✓ Ultra-low $5 entry on the Mini account
- ✓ High offshore leverage up to 1:1000
- ✓ 30+ cryptocurrencies tradable alongside forex, metals and indices
Cons
- ✗ Younger brand, operating only since 2019
- ✗ Crypto-heavy marketing may not suit conservative FX traders
- ✗ Top-tier leverage comes from offshore entities with less recourse
Which one should you choose?
Choose FXGT if you want…
Crypto-and-FX traders wanting a low-entry hybrid broker with high leverage and a wide digital-asset range.
Frequently asked questions
Which is better — CMC Markets or FXGT?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), CMC Markets wins 4 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is CMC Markets more regulated than FXGT?
CMC Markets holds licenses from: FCA, ASIC, BaFin, MAS, FMA NZ, IIROC, MA Poland. FXGT holds licenses from: CySEC, FSCA (South Africa), FSC Mauritius, VFSC Vanuatu. CMC Markets has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at CMC Markets vs FXGT?
CMC Markets spreads start from 0.7 pips (Next Generation). FXGT spreads start from 0.0 pips (ECN). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, CMC Markets or FXGT?
CMC Markets: $0 (no minimum). FXGT: $5. CMC Markets has the lower entry barrier.
