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CMC Markets vs XM

Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.

CMC Markets rating

4.7

XM rating

4.5

Score gap

4 pts

Matchup

Head to head

Winners by category

Pricing & spreads
CMC Markets leadsEdge for CMC Markets (97.6 vs 87.6).
Regulation breadth
CMC Markets leadsEdge for CMC Markets (85.0 vs 73.0).
User experience
CMC Markets leadsEdge for CMC Markets (73.5 vs 70.3).
Editorial composite
CMC Markets leadsEdge for CMC Markets (104.1 vs 99.5).

Full comparison table

Rating

CMC Markets

4.7

XM

4.5

Model score

CMC Markets

90

XM

86

Regulation

CMC Markets

FCA (UK), ASIC (Australia), BaFin (Germany), MAS (Singapore), IIROC (Canada), FMA (New Zealand), DFSA (Dubai)

XM

ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSC (Belize)

Spreads

CMC Markets

Spreads start from 0.0 pips on major pairs via FX Active, and from 0.7 pips on Standard accounts. Automated 100% electronic execution hosted on London servers.

XM

Spreads start from 0.6 pips on XM Ultra Low accounts. 99.35% of orders executed in under 1 second with no requotes or order rejections.

Fees

CMC Markets

Standard CFD Account: Spread-only pricing (average EUR/USD ~0.65 pips). FX Active Account: Raw spreads from 0.0 pips + 0.0025% commission per side ($2.50 per $100k). No minimum deposit required.

XM

XM Ultra Low Account: Spread-only pricing from 0.6 pips with zero commissions. Standard & Micro Accounts: Spreads start from 1.0 pips with no commission. Shares Account: Commission-based equity trading.

Platforms

CMC Markets

Next Generation Platform, CMC Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView

XM

MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App

Account types

CMC Markets

Individual CFD Account, FX Active Account, Spread Betting (UK), Professional Account, Demo Account

XM

Micro, Standard, XM Ultra Low, Shares Account, Swap-Free (Islamic), Demo

Min deposit

CMC Markets

$0 (Varies)

XM

$5