Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of CMC Markets' UK entity and IC Markets' Seychelles entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of CMC Markets' UK entity and IC Markets' Seychelles entity.
CMC Markets
Available in your country CMC Markets operates in Nigeria and accepts local clients through its UK entity.
78% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
Available in your country IC Markets operates in Nigeria and accepts local clients through its Seychelles entity.
72.52% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders CMC Markets and IC Markets are best suited to, based on what each one actually offers in Nigeria.CMC Markets is better than IC Markets for long-term investors, while IC Markets is better for professional traders and crypto traders. High-volume traders, scalpers and swing traders can choose either CMC Markets or IC Markets.
| Overall score | CMC Markets 84 -3 78 | IC Markets 87 Best not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise CMC Markets and the ones that supervise IC Markets.CMC Markets and IC Markets are both regulated by top-tier authorities, CMC Markets by BaFin, ASIC (Australia) and the FCA (United Kingdom) and IC Markets by CySEC and ASIC (Australia).
| Section score | CMC Markets 100 100 | IC Markets 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that CMC Markets and IC Markets have in place to protect your money in Nigeria.Both CMC Markets and IC Markets offer segregated client funds and two-factor authentication. CMC Markets also offers an investor compensation scheme and additional money insurance.
| Section score | CMC Markets 95 Best 95 | IC Markets 65 -30 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1989 | 2007 |
| Parent company i | CMC Markets plc | International Capital Markets Pty Ltd |
| CEO i | Peter Cruddas | Andrew Budzinski |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | NatWest, Barclays, Lloyds | N/A |
| Brand power | ||
| Number of customers worldwide i | 1,000,000 | |
| Annual revenue i | USD 324,700,000 | |
| Monthly website search traffic i | 10.5M monthly visits | 2.2M monthly visits |
Costs
What we compare A comparison of what it costs to trade with CMC Markets and with IC Markets in Nigeria, both on each trade and on holding the account.IC Markets is better than CMC Markets for CFD/FX costs, as IC Markets has tighter S&P 500 CFD spreads, at 0.49 points (against CMC Markets' 0.5 points), has tighter gold CFD spreads, at 0.09 points (against CMC Markets' 0.2 points), and does not charge inactivity fees, unlike CMC Markets. Neither CMC Markets nor IC Markets charges account maintenance fees or deposit fees.
CMC Markets and IC Markets cannot be set side by side for real stock costs, as IC Markets is a CFD broker and does not offer real stocks, unlike CMC Markets.
| Section score | CMC Markets 73 -6 44 | IC Markets 79 Best not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 5 | USD 7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 7 | USD 7.55 |
| S&P 500 fees (CFD) i | 0.5 points | 0.492 points |
| Gold fees (CFD) i | 0.2 points | 0.09 points |
| Bitcoin fees (CFD) i | USD 12.01 | |
| US stocks fees (CFD) i | USD 0.02 | USD 0.02 |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | Free | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | Free | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with CMC Markets and with IC Markets in Nigeria, and of how many instruments each one gives access to.IC Markets is better than CMC Markets for CFD/FX markets, as IC Markets offers CFDs on crypto, which CMC Markets does not. Both CMC Markets and IC Markets offer CFDs on commodities, forex, indices and stocks.
IC Markets does not offer real stocks, being a CFD broker, so CMC Markets and IC Markets cannot be compared for real stock markets.
| Section score | CMC Markets 65 -10 30 | IC Markets 75 Best not offered |
|---|---|---|
| Total tradable symbols i | 12,000 | 180 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that CMC Markets and IC Markets make available to their clients in Nigeria.CMC Markets is better than IC Markets for platforms, since CMC Markets offers a proprietary platform, which IC Markets does not. CMC Markets and IC Markets both offer MetaTrader 5 and MetaTrader 4.
IC Markets does not offer real stocks, being a CFD broker, so CMC Markets and IC Markets cannot be compared for platforms.
| Section score | CMC Markets 97 Best 97 | IC Markets 89 -8 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of CMC Markets and IC Markets in Nigeria, and of what each one lets you do from your phone.IC Markets is better than CMC Markets for mobile trading, given that IC Markets offers the cTrader app, mobile trading signals and mobile charting tools, which CMC Markets does not. CMC Markets and IC Markets both offer a proprietary mobile app and the MetaTrader 5 app.
CMC Markets and IC Markets cannot be set side by side for mobile trading, as IC Markets is a CFD broker and does not offer real stocks, unlike CMC Markets.
| Section score | CMC Markets 73 -20 73 | IC Markets 93 Best not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that CMC Markets and IC Markets allow on their platforms in Nigeria.IC Markets is better than CMC Markets for CFD/FX trading features, as IC Markets offers tier-1 liquidity providers, VPS hosting and API access, which CMC Markets does not. Both CMC Markets and IC Markets offer trailing stops.
Only CMC Markets can be assessed for real stock trading features, since IC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 69 -14 71 | IC Markets 83 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 9 ms | 40 ms |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 5000:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 5000:1 |
| Major indices leverage i | 20:1 | 200:1 |
| Minor indices leverage i | 10:1 | 200:1 |
| Gold leverage i | 20:1 | 2000:1 |
| Commodities leverage i | 10:1 | 1000:1 |
| Equities leverage i | 5:1 | 20:1 |
| Cryptocurrency leverage i | 500:1 | |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at CMC Markets and at IC Markets in Nigeria, and of who each one is meant for.IC Markets is better than CMC Markets for CFD/FX account types, as IC Markets offers a managed account, an ECN account and an Islamic account, which CMC Markets does not. CMC Markets and IC Markets both offer a demo account and a professional traders account.
CMC Markets and IC Markets cannot be set side by side for real stock account types, as IC Markets is a CFD broker and does not offer real stocks, unlike CMC Markets.
| Section score | CMC Markets 48 -44 45 | IC Markets 92 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with CMC Markets and with IC Markets in Nigeria.IC Markets is better than CMC Markets for account opening, as IC Markets offers 10 account base currencies (against CMC Markets' 2), supports e-wallets, which CMC Markets does not, and credits deposits faster, within the same day (against CMC Markets' 2 days). Neither CMC Markets nor IC Markets requires a minimum deposit.
Only CMC Markets can be assessed for account opening, since IC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 65 -30 65 | IC Markets 95 Best not offered |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | EUR, USD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Deposit waiting time i | up to 2 business days | Instant |
| Withdrawal waiting time i | up to 2 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of CMC Markets and IC Markets in Nigeria, in how it can be reached and how fast it answers.IC Markets is better than CMC Markets for customer care, since IC Markets offers customer support in 17 languages (against CMC Markets' 9), and has a website in 17 languages (against CMC Markets' 9). CMC Markets and IC Markets both offer a dedicated account manager and phone support.
IC Markets does not offer real stocks, being a CFD broker, so CMC Markets and IC Markets cannot be compared for customer care.
| Section score | CMC Markets 73 -14 73 | IC Markets 87 Best not offered |
|---|---|---|
| Number of languages supported i | 9 | 17 |
| Website languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that CMC Markets and IC Markets provide to their clients in Nigeria.CMC Markets and IC Markets are equally good for learning, as both offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as IC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 100 100 | IC Markets 100 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
CMC Markets vs IC Markets: which one should you choose?
CMC Markets
CFD/FX Choose CMC Markets, regulated by the FCA and ASIC, if you want an online CFD broker with low trading costs, fast execution and a wide choice of markets.
Stocks Choose CMC Markets, regulated by the FCA and ASIC, if you want a broker for securities investing with fast execution, a wide choice of markets and professional accounts.
Open Account 78% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
CFD/FX Choose IC Markets, regulated by CySEC and ASIC, if you want a CFD and forex broker with cTrader, room for automated strategies and several account base currencies.
Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include CMC Markets or IC Markets, each scored with the same data and method as this page.
