Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
CMC Markets
Available in your country CMC Markets accepts clients from the country this site is for.
78% of retail investor accounts lose money when trading CFDs with this provider.
Interactive Brokers
Available in your country Interactive Brokers accepts clients from the country this site is for.
57.9% 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 Interactive Brokers are best suited to, based on what each one actually offers in Nigeria.Interactive Brokers is better than CMC Markets for day traders, long-term investors and professional traders. Both are a good fit for high-volume traders, scalpers and swing traders.
| Overall score | CMC Markets 84 -1 not offered | Interactive Brokers 85 81 |
|---|---|---|
| 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 Interactive Brokers.CMC Markets and Interactive Brokers are both regulated by top-tier authorities, CMC Markets by BaFin, ASIC (Australia) and the FCA (United Kingdom) and Interactive Brokers by CBI Ireland, ASIC (Australia) and the SEC (United States).
| Section score | CMC Markets 100 not offered | Interactive Brokers 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | BaFin (Germany) | CBI (Ireland) |
| 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 Interactive Brokers have in place to protect your money in Nigeria.Both CMC Markets and Interactive Brokers offer segregated client funds and an investor compensation scheme.
| Section score | CMC Markets 95 not offered | Interactive Brokers 95 95 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1989 | 1978 |
| Parent company i | CMC Markets plc | IBG LLC |
| CEO i | Peter Cruddas | Milan Galik |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | ||
| Brand power | ||
| Number of customers worldwide i | 1,000,000 | 3,337,000 |
| Annual revenue i | USD 324,700,000 | USD 6,205,000,000 |
| Monthly website search traffic i | 10.5M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with CMC Markets and with Interactive Brokers in Nigeria, both on each trade and on holding the account.Interactive Brokers is better than CMC Markets for CFD costs, because Interactive Brokers is cheaper on EUR/USD, at 3.33 USD per lot (against CMC Markets' 7 USD), charges lower Bitcoin CFD fees, at 0.0012 USD (against CMC Markets' 15 USD), and charges lower US stock CFD fees, at 0.01 USD (against CMC Markets' 0.02 USD). Neither CMC Markets nor Interactive Brokers charges account maintenance fees or deposit fees.
Only Interactive Brokers can be assessed for real stock costs, since CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 73 -12 not offered | Interactive Brokers 85 Best 43 |
|---|---|---|
| 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 4.65 |
| 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 3.325 |
| S&P 500 fees (CFD) i | 0.5 points | |
| Gold fees (CFD) i | 0.2 points | |
| Bitcoin fees (CFD) i | USD 15 | USD 0.0012 |
| US stocks fees (CFD) i | USD 0.02 | USD 0.005 |
| Fees on stocks | ||
| Stock fee type i | ||
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.85 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | Free | USD 0.65 |
| 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 Interactive Brokers in Nigeria, and of how many instruments each one gives access to.Interactive Brokers is better than CMC Markets for CFD markets, given that Interactive Brokers gives access to 15,000 tradable symbols (against CMC Markets' 12,000), offers futures on bonds, commodities, crypto, forex and indices, which CMC Markets does not, and offers options on bonds, commodities, crypto, ETFs, forex, indices and stocks, which CMC Markets does not. Both CMC Markets and Interactive Brokers offer CFDs on commodities, crypto, forex, indices and stocks.
Interactive Brokers and CMC Markets cannot be set side by side for real stock markets, as CMC Markets is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | CMC Markets 75 -25 not offered | Interactive Brokers 100 Best 100 |
|---|---|---|
| Total tradable symbols i | 12,000 | 15,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Bonds, Commodities, Crypto, Forex, Indices | |
| Options i | Bonds, Commodities, Crypto, ETF, Forex, Indices, Stocks | |
| Assets you can own i | Bonds, Crypto, ETF, Funds, Forex, Stocks |
Platform
What we compare A comparison of the trading platforms that CMC Markets and Interactive Brokers make available to their clients in Nigeria.CMC Markets is better than Interactive Brokers for platforms, because CMC Markets offers MetaTrader 5, MetaTrader 4 and social trading, which Interactive Brokers does not. CMC Markets and Interactive Brokers both offer a proprietary platform and TradingView.
There is no like-for-like comparison for platforms, as CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 97 Best not offered | Interactive Brokers 80 -17 80 |
|---|---|---|
| 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 Interactive Brokers in Nigeria, and of what each one lets you do from your phone.Interactive Brokers is better than CMC Markets for mobile trading, given that Interactive Brokers offers mobile charting tools and mobile drawing tools, which CMC Markets does not. CMC Markets and Interactive Brokers both offer a proprietary mobile app and mobile price alerts.
Interactive Brokers and CMC Markets cannot be set side by side for mobile trading, as CMC Markets is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | CMC Markets 73 -7 not offered | Interactive Brokers 80 Best 80 |
|---|---|---|
| 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 Interactive Brokers allow on their platforms in Nigeria.Interactive Brokers is better than CMC Markets for CFD trading features, given that Interactive Brokers offers tier-1 liquidity providers and API access, which CMC Markets does not, and allows for high-frequency trading. CMC Markets and Interactive Brokers both offer trailing stops.
Interactive Brokers and CMC Markets cannot be compared for real stock trading features, because Interactive Brokers is a broker offering both CFDs and stocks while CMC Markets is a CFD broker.
| Section score | CMC Markets 59 -12 not offered | Interactive Brokers 71 Best 73 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 9 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 10:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 3:1 | 3:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| 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 1 |
| 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 Interactive Brokers in Nigeria, and of who each one is meant for.Interactive Brokers is better than CMC Markets for CFD account types, given that Interactive Brokers offers an Islamic account, a micro account and a swap-free account, which CMC Markets does not. CMC Markets and Interactive Brokers both offer a demo account and a professional traders account.
Interactive Brokers and CMC Markets cannot be compared for real stock account types, because Interactive Brokers is a broker offering both CFDs and stocks while CMC Markets is a CFD broker.
| Section score | CMC Markets 48 -6 not offered | Interactive Brokers 54 Best 53 |
|---|---|---|
| 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 Interactive Brokers in Nigeria.CMC Markets and Interactive Brokers are equally good for account opening, since CMC Markets offers debit cards. On the other hand, Interactive Brokers offers 17 account base currencies (against CMC Markets' 2), and credits deposits faster, within 1 day (against CMC Markets' 2 days). Neither CMC Markets nor Interactive Brokers requires a minimum deposit.
Interactive Brokers and CMC Markets cannot be compared for account opening, because Interactive Brokers is a broker offering both CFDs and stocks while CMC Markets is a CFD broker.
| Section score | CMC Markets 65 not offered | Interactive Brokers 65 65 |
|---|---|---|
| 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 | ||
| Local payment methods i | ||
| Account base currencies i | EUR, USD | AUD, CAD, CHF, CNY, CZK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, RUB, SEK, SGD, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| 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 Interactive Brokers in Nigeria, in how it can be reached and how fast it answers.CMC Markets is better than Interactive Brokers for customer care, given that CMC Markets offers customer support in 9 languages (against Interactive Brokers' 8), has a website in 9 languages (against Interactive Brokers' 8), and offers a dedicated account manager, which Interactive Brokers does not. Both CMC Markets and Interactive Brokers offer phone support and live chat.
Only Interactive Brokers can be assessed for customer care, since CMC Markets is a CFD broker and does not offer real stocks.
| Section score | CMC Markets 73 Best not offered | Interactive Brokers 58 -15 58 |
|---|---|---|
| Number of languages supported i | 9 | 8 |
| Website languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | German, English, French, Italian, Japanese, Russian, Spanish, 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 Interactive Brokers provide to their clients in Nigeria.CMC Markets is better than Interactive Brokers for learning, because CMC Markets offers daily market commentary, which Interactive Brokers does not. CMC Markets and Interactive Brokers both offer education for advanced traders and webinars.
Interactive Brokers and CMC Markets cannot be compared for learning, because Interactive Brokers is a broker offering both CFDs and stocks while CMC Markets is a CFD broker.
| Section score | CMC Markets 100 Best not offered | Interactive Brokers 92 -8 92 |
|---|---|---|
| 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 Interactive Brokers: which one should you choose?
CMC Markets
CFD Choose CMC Markets, regulated by the FCA and ASIC, if you want a CFD and forex broker with the MetaTrader platforms, copy and social trading, and corporate accounts.
Open Account 78% of retail investor accounts lose money when trading CFDs with this provider.
Interactive Brokers
CFD Choose Interactive Brokers, regulated by the SEC and the FCA, if you want an online CFD broker with low trading costs, a wide choice of markets and room for automated strategies.
Stocks Choose Interactive Brokers, regulated by the SEC and the FCA, if you want a broker for securities investing with low trading costs and several account base currencies.
Open Account 57.9% 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 Interactive Brokers, each scored with the same data and method as this page.
