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CMC Markets vs Plus500: 2023 Comparison

Franklin Carneiro da Silva| Updated: September 14, 2023

Are you confused about whether to choose CMC Markets vs Plus500 as a broker for your investing needs?

In this side-by-side comparison, we analyse CMC Markets vs Plus500 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 Plus500: 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 Plus500: 2023 Comparison 2
Visit Plus500Asset 3

82% of retail CFD accounts lose money.

Ideal for
Commission-free CFDs trading and low spreads

Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies.

There are two distinct account types: Plus500 CFD, which only focuses on CFD products; Plus500 Invest, where you can trade stocks (real shares).

The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and easy access from multiple devices.

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

  • Easy-to-use and responsive platform
  • Low spreads
  • No dealing commissions
  • Demo Account
  • Top-tier regulators

Cons

  • No ETF offering
  • Inactivity fee ($10 per month after no login activity in 3 months)
  • High overnight funding fees
  • Very little research and education provided
CMC Markets vs Plus500: 2023 Comparison 3
CMC Markets vs Plus500: 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)

  • Plus500Asset 3

    82% of retail CFD accounts lose money.

  • General Information
  • Founded in2008
  • Demo Account
  • Account Minimum$100
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks*On "Plus500 Invest" only.
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Forex, Cryptocurrencies, Stocks, Commodities, ETFs, Options and Indices
  • Leverage Products
  • Forex*Through CFDs only
  • Cryptocurrencies*Through CFDs only
  • Commodities*Through CFDs only
  • Fees
  • US stocks$0.006 per share
  • EU stocksIt varies according to each country stock exchange
  • ETFsNot Applicable
  • CryptocurrenciesNot Applicable**0.30% spread on Bitcoin CFD - it varies according to each crypto (Availability subject to regulations and spreads subject to change).
  • Custody Fee$0
  • Inactivity Fee$10/month**After 3 months of login inactivity.
  • Withdrawal Fee$0
  • Connectivity Fee$0
  • Currency Conversion FeeUp to 0.70%
  • Security
  • RegulatorsFCA, CySEC, FSCA, FMA and ASIC.
  • Investor Compensation Scheme(per person, per institution)

    Up to £85,000 for clients under Plus500UK 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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