Written by ForexBrokers.com
Is CMC Markets better than eToro? In our analysis of 23 international regulators across 62 of the best forex brokers, CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.
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❯×| Overall Rating | CMC Markets | eToro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | eToro Review |
| Regulation | CMC Markets | eToro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1989 | 2007 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Authorised in European Union | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 |
| Tier-1 Licenses (High Trust) | CMC Markets | eToro | |
|---|---|---|---|
| ASIC Authorised (Australia) | Yes | Yes | |
| IIROC Authorised (Canada) | Yes | No | |
| SFC Authorised (Hong Kong) | No | No | |
| CBI Authorised (Ireland) | No | No | |
| FSA Authorised (Japan) | No | No | |
| MAS Authorised (Singapore) | Yes | No | |
| FINMA Authorised (Switzerland) | No | No | |
| FCA Authorised (U.K.) | Yes | Yes | |
| CFTC Registered (USA) | No | No | |
| FMA Authorised (New Zealand) | Yes | No |
| Tier-2 Licenses (Average Trust) | CMC Markets | eToro | |
|---|---|---|---|
| CBRC Authorised (China) | No | No | |
| CySEC Authorised (Cyprus) | No | Yes | |
| SEBI Authorised (India) | No | No | |
| ISA Authorised (Israel) | No | No | |
| CBR Authorised (Russia) | No | No | |
| FSCA Authorised (South Africa) | No | No | |
| SEC Authorised (Thailand) | No | No | |
| DFSA / Central Bank Authorised (UAE) | Yes | No |
| Tier-3 Licenses (Low Trust) | CMC Markets | eToro | |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | |
| FSC Authorised (Belize) | No | No | |
| CIMA Authorised (Cayman Islands) | No | No | |
| BMA Authorised (Bermuda) | No | No | |
| FSC Authorised (British Virgin Islands) | No | No | |
| FSC Authorised (Mauritius) | No | No | |
| VFSC Authorised (Vanuatu) | No | No |
| Investments | CMC Markets | eToro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12377 | 3458 | |
| Forex Pairs (Total) | 158 | 49 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| Cryptocurrency (CFD) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | CMC Markets | eToro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 1 | |
| All-in Cost EUR/USD - Active | 0.51 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | eToro | |
|---|---|---|---|
| Minimum Deposit | $0 | $10-$10,000 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | CMC Markets | eToro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No | |
| Trading Platforms Gallery (click to expand) |
| Trading Tools | CMC Markets | eToro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 9 | 6 | |
| Charting - Indicators / Studies (Total) | 84 | 66 | |
| Charting - Drawing Tools (Total) | 40 | 13 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | eToro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 29 | 5 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Forex Calendar | Yes | No | |
| Mobile Trading Gallery (click to expand) |
| Research | CMC Markets | eToro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes | |
| Research Gallery (click to expand) |
| Education | CMC Markets | eToro | |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes | |
| Education Gallery (click to expand) |
| Major Forex Pairs | CMC Markets | eToro | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | CMC Markets Review | eToro Review |
| Overall | CMC Markets | eToro | |
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| Commissions & Fees |
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| Offering of Investments |
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| Platform & Tools |
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| Education |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | eToro Review |
Compare
0 of 5Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs eToro.
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. CMC Markets holds 5 global Tier-1 licenses, while eToro holds 2. Both CMC Markets and eToro hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, CMC Markets earned a higher Trust Score than eToro.
To compare the trading platforms of both CMC Markets and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.CMC Markets and eToro both offer copy trading.
CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to eToro's 49 available pairs. Forex pairs aside, CMC Markets offers traders access to 12377 CFDs while eToro has 3458 available CFDs, a difference of 8919.
CMC Markets is publicly traded, does not operate a bank, and is authorised by five tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), Financial Markets Authority (FMA), and the Financial Conduct Authority (FCA).
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
Overall winner: CMC Markets
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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