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CMC Markets vs eToro: 2023 Comparison

Franklin Carneiro da Silva| Updated: September 13, 2023

Are you confused about whether to choose CMC Markets vs eToro as a broker for your investing needs?

In this side-by-side comparison, we analyse CMC Markets vs eToro 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 eToro: 2023 Comparison 1
Visit CMC MarketsAsset 3

81% of retail CFD accounts lose money.

Ideal for
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).

CMC Markets vs eToro: 2023 Comparison 2
Visit eToroAsset 3

74% of retail CFD accounts lose money.

Ideal for
Social trading and commission-free stock trading

eToro is a well-known worldwide fintech startup and the leader in the social trading field (following other people’s trades), with over 30 million users worldwide.

You can also invest in other products through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock trading (other fees apply).

Opening an account and depositing is easy, and you can even try it out with virtual money (a demo account). On the downside, spreads can be high for some products.

Pros and Cons

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"

Pros

  • Commission-free stock trading
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators

Cons

  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Only one currency account (USD) - a currency conversion fee is applied if you deposit in a different currency
  • Doesn’t offer bonds, futures, or options
CMC Markets vs eToro: 2023 Comparison 3
CMC Markets vs eToro: 2023 Comparison 4
  •  
  • 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)
  • CMC MarketsAsset 3

    81% of retail CFD accounts lose money.

  • General Information
  • Founded in1989
  • Demo Account
  • Account Minimum$0
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*CFDs on stocks, ETFs, Indices, Forex Cryptocurrencies, Commodities and Treasuries. Plus, spread betting (only for UK and Irish investors)
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocksNot Applicable
  • EU stocksNot Applicable
  • ETFsNot Applicable
  • CryptocurrenciesNot Applicable
  • Custody Fee$0
  • Inactivity Fee$10, if there is no account activity for over a year
  • Withdrawal Fee$0
  • Connectivity Fee$0
  • Currency Conversion Fee0.50%
  • Security
  • RegulatorsFCA, BaFin, CIRO, ASIC, FMA, MAS, DFSA
  • Investor Compensation Scheme(per person, per institution)

    Depends on the subsidiary.
    UK: Up to £85,000 (Assets + cash)

  • eToroAsset 3

    74% of retail CFD accounts lose money.

  • General Information
  • Founded in2007
  • Demo Account
  • Account Minimum$50**It varies between countries
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Indices, Currencies, Commodities, and Stocks.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks$0
  • EU stocks$0
  • ETFs$0**Not all ETFs are offered with 0% commissions.
  • Cryptocurrencies1%**Spread on either side of a crypto trade.
  • Custody Fee$0
  • Inactivity Fee$10/month**After 1 year login inactivity.
  • Withdrawal Fee$5**Minimum withdrawal amount is $30.
  • Connectivity Fee$0
  • Currency Conversion FeeStarts from 0.50%
  • Security
  • RegulatorsFCA, CySEC and ASIC.
  • Investor Compensation Scheme(per person, per institution)

    Up to €20,000 for clients under eToro (Europe) Ltd; Up to £85,000 for clients under eToro (UK) Ltd.

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

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.

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