Quick verdict
- IG — larger market range, ProRealTime and L2 Dealer.
- CMC Markets — outstanding Next Generation platform and an FX Active raw-pricing option.
Side-by-side
| IG | CMC Markets | |
|---|---|---|
| UK regulation | FCA, FRN 195355 / 114059 | FCA, FRN 173730 |
| Founded | 1974 | 1989 |
| EUR/USD | From 0.6 | ~0.6 average; 0.0 + 0.0025% on FX Active |
| Minimum deposit | £0 bank transfer | None |
| Platforms | IG platform, MT4, ProRealTime, L2 Dealer | Next Generation, MT4 |
| Spread betting | Yes | Yes |
| Retail loss rate | 70% | 69% |
Who should choose which?
- Want the widest choice of markets: IG
- Want raw pricing on major FX without leaving a proprietary platform: CMC Markets (FX Active)
- Chart-heavy discretionary trader: CMC Markets
Frequently asked questions
Are IG and CMC Markets both listed companies?
Yes. Both parent companies are listed on the London Stock Exchange.
Which has the better platform?
Both are excellent. CMC's Next Generation is especially strong for charting; IG offers ProRealTime and L2 Dealer as extras.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.