Are you confused about whether to choose CMC Markets vs DEGIRO as a broker for your investing needs?
In this side-by-side comparison, we analyse CMC Markets vs DEGIRO to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
CMC Markets vs DEGIRO: In a Nutshell
CFDs and spread betting
CMC Markets (CMC) is a well-established, publicly traded on the London Stock Exchange (LSE), and highly regarded UK forex and CFD broker.
At the core of CMC Markets’ offerings is its advanced trading platform called “Next Generation”, which provides traders with powerful tools and features to execute trades efficiently.
CMC Markets offers a wide array of financial instruments, both CFDs and spread betting, across several different asset classes (shares, indices, commodities, forex, and cryptocurrencies).
Low-cost trading from Europe
DEGIRO is a European low-cost brokerage firm that has become very popular due to its low rates! With over 2.5 million users, the platform has become widely known for its “do-it-yourself” philosophy.
It offers a wide range of financial assets to trade, including stocks, ETFs (check the list of free ETFs), bonds, options, futures contracts, warrants, investment funds, and some leveraged products.
The mobile app and web trading platform are basic but very efficient and straightforward to use. Some downsides are the absence of any significant fundamental research and the lack of pricing alerts.
Pros and Cons
CMC Markets
Pros
- Listed in the London Stock Exchange (higher financials transparency)
- Spread betting (Ireland and UK only)
- High track record (since 1989)
- Valuable educaiton tools
- Good customer service
- No minimum deposit
Cons
- Doesn't accept US residents
- High CFD spreads for some stocks and indices
- Limited funding methods
- No offer of real stocks and ETFs, options and bonds: only available through "CMC Invest"
DEGIRO
Pros
- List of commission-free ETFs available
- User-friendly web and mobile app
- Wide range of investment options
- Education material: Investor’s Academy and Investing with DEGIRO
- Low overall commission structure
- No account opening, inactivity, or withdrawal fee
Cons
- 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
- €/£1 flat handling fee (charged in most transactions)
- €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
- Does not offer Forex, CFDs, and Cryptos
- No demo account
- Little research
- Low-quality customer support
CMC Markets vs DEGIRO: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
