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
uexo
⭐ 3.3 / 5
CMC Markets vs uexo — which broker is better in 2026?
We compared CMC Markets and uexo 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 | uexo | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.5 / 5 | ⭐ 3.3 / 5 | CMC Markets |
| Regulators | FCA, ASIC, BaFin, MAS, FMA NZ, IIROC, MA Poland | FSCA (South Africa) | CMC Markets |
| Min. deposit | $0 (no minimum) | $50 | CMC Markets |
| Spreads from | 0.7 pips (Next Generation) | 0.4 pips | uexo |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (Professional) | 1:500 | — |
| Platforms | CMC Next Generation, MT4, CMC Mobile | MT5 | CMC Markets |
| Founded | 1989 | 2021 | — |
| HQ | London, United Kingdom | Johannesburg, South Africa | — |
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
uexo pros
- ✓ FSCA-regulated South African entity
- ✓ MT5 platform with competitive spreads
- ✓ Local ZAR funding and withdrawal options
- ✓ High leverage up to 1:500
Cons
- ✗ Single-jurisdiction regulation (FSCA only)
- ✗ New brand established in 2021
- ✗ MT5 only — no MT4 or proprietary platform
Which one should you choose?
Choose uexo if you want…
South African and African traders wanting a locally FSCA-regulated MT5 broker.
Frequently asked questions
Which is better — CMC Markets or uexo?
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 uexo?
CMC Markets holds licenses from: FCA, ASIC, BaFin, MAS, FMA NZ, IIROC, MA Poland. uexo holds licenses from: FSCA (South Africa). CMC Markets has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at CMC Markets vs uexo?
CMC Markets spreads start from 0.7 pips (Next Generation). uexo spreads start from 0.4 pips. Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, CMC Markets or uexo?
CMC Markets: $0 (no minimum). uexo: $50. CMC Markets has the lower entry barrier.
