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.
Plus500
Available in your country Plus500 accepts clients from the country this site is for.
CFD service. 82% of retail investor accounts lose money
Best for
What we compare A comparison of the kinds of traders CMC Markets and Plus500 are best suited to, based on what each one actually offers in Nigeria.CMC Markets is better than Plus500 for scalpers, news traders and algo traders. Plus500, on the other hand, is better for professional traders and crypto traders. High-volume traders, swing traders and CFD stock traders can choose either CMC Markets or Plus500.
| Overall score | CMC Markets 84 Best | Plus500 76 -8 |
|---|---|---|
| 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 Plus500.CMC Markets and Plus500 are both regulated by top-tier authorities, CMC Markets by BaFin, ASIC (Australia) and the FCA (United Kingdom) and Plus500 by CySEC, ASIC (Australia) and the FCA (United Kingdom).
| Section score | CMC Markets 100 | Plus500 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | BaFin (Germany) | |
| 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 Plus500 have in place to protect your money in Nigeria.Both CMC Markets and Plus500 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 | Plus500 72 -23 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1989 | 2008 |
| Parent company i | CMC Markets plc | Plus500 Ltd. |
| CEO i | Peter Cruddas | David Zruia |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | |
| Brand power | ||
| Number of customers worldwide i | 1,000,000 | 30,000,000 |
| Annual revenue i | USD 324,700,000 | USD 768,300,000 |
| 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 Plus500 in Nigeria, both on each trade and on holding the account.CMC Markets is better than Plus500 for costs, as CMC Markets is cheaper on EUR/USD, at 7 USD per lot (against Plus500's 8 USD), has tighter S&P 500 CFD spreads, at 0.5 points (against Plus500's 0.7 points), and has tighter gold CFD spreads, at 0.2 points (against Plus500's 0.75 points). Neither CMC Markets nor Plus500 charges account maintenance fees or deposit fees.
| Section score | CMC Markets 73 Best | Plus500 69 -4 |
|---|---|---|
| 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 | Free |
| 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 8 |
| S&P 500 fees (CFD) i | 0.5 points | 0.7 points |
| Gold fees (CFD) i | 0.2 points | 0.75 points |
| Bitcoin fees (CFD) i | USD 15 | USD 118.34 |
| US stocks fees (CFD) i | USD 0.02 | Free |
| Fees on stocks | ||
| Stock fee type i | Spread | |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| 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 Plus500 in Nigeria, and of how many instruments each one gives access to.CMC Markets and Plus500 are close on available markets. Both CMC Markets and Plus500 offer CFDs on commodities, crypto, forex, indices and stocks. CMC Markets has a slight edge, as it gives access to 12,000 tradable symbols (against Plus500's 2,800).
| Section score | CMC Markets 75 | Plus500 75 |
|---|---|---|
| Total tradable symbols i | 12,000 | 2,800 |
| 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 | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that CMC Markets and Plus500 make available to their clients in Nigeria.CMC Markets is better than Plus500 for platforms, because CMC Markets offers MetaTrader 5, MetaTrader 4 and social trading, which Plus500 does not. Both CMC Markets and Plus500 offer a proprietary platform and one-click trading.
| Section score | CMC Markets 97 Best | Plus500 72 -25 |
|---|---|---|
| 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 Plus500 in Nigeria, and of what each one lets you do from your phone.Plus500 is better than CMC Markets for mobile trading, since Plus500 offers mobile charting tools and mobile drawing tools, which CMC Markets does not. CMC Markets and Plus500 both offer a proprietary mobile app and mobile price alerts.
| Section score | CMC Markets 73 -7 | Plus500 80 Best |
|---|---|---|
| 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 Plus500 allow on their platforms in Nigeria.Plus500 is better than CMC Markets for trading features, because Plus500 offers negative balance protection, guaranteed stop losses and API access, which CMC Markets does not. Both CMC Markets and Plus500 offer trailing stops.
| Section score | CMC Markets 59 -13 | Plus500 72 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| 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 | 300:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 300:1 |
| Major indices leverage i | 10:1 | 150:1 |
| Minor indices leverage i | 10:1 | 150:1 |
| Gold leverage i | 20:1 | 250:1 |
| Commodities leverage i | 10:1 | 150:1 |
| Equities leverage i | 3:1 | 20:1 |
| Cryptocurrency leverage i | 2:1 | 5:1 |
| 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 Plus500 in Nigeria, and of who each one is meant for.CMC Markets and Plus500 are equally good for account types, as CMC Markets offers a corporate account while Plus500 offers an Islamic account and a swap-free account. CMC Markets and Plus500 both offer a demo account and a professional traders account.
| Section score | CMC Markets 48 -3 | Plus500 51 |
|---|---|---|
| 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 Plus500 in Nigeria.Plus500 is better than CMC Markets for account opening, as Plus500 offers 3 account base currencies (against CMC Markets' 2), supports e-wallets, which CMC Markets does not, and credits deposits faster, within 1 day (against CMC Markets' 2 days). However, CMC Markets does not require a minimum deposit at all (against Plus500's 100 USD).
| Section score | CMC Markets 65 -7 | Plus500 72 Best |
|---|---|---|
| Minimum deposit i | USD 0 | USD 100 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Skrill | |
| Local payment methods i | ||
| Account base currencies i | EUR, USD | AUD, EUR, 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 Plus500 in Nigeria, in how it can be reached and how fast it answers.CMC Markets is better than Plus500 for customer care, given that CMC Markets offers a dedicated account manager, phone support and priority support, which Plus500 does not. Both CMC Markets and Plus500 offer live chat and email support.
| Section score | CMC Markets 73 Best | Plus500 58 -15 |
|---|---|---|
| Number of languages supported i | 9 | 29 |
| Website languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Norwegian, Polish, Spanish, Swedish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, 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 Plus500 provide to their clients in Nigeria.CMC Markets is better than Plus500 for learning, because CMC Markets offers professional reports, daily market commentary and an economic calendar, which Plus500 does not. CMC Markets and Plus500 both offer education for advanced traders and webinars.
| Section score | CMC Markets 100 Best | Plus500 75 -25 |
|---|---|---|
| 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 Plus500: which one should you choose?
CMC Markets
CFD Choose CMC Markets, regulated by BaFin and ASIC, if you want a forex broker with low trading costs, no minimum deposit and a wide choice of markets.
Open Account 78% of retail investor accounts lose money when trading CFDs with this provider.
Plus500
CFD Choose Plus500, regulated by the FCA and CySEC, if you want a CFD broker with a guaranteed stop loss, several account base currencies and fast deposits and withdrawals.
Open Account CFD service. 82% of retail investor accounts lose moneyOther popular comparisons
Below are other head-to-head comparisons that include CMC Markets or Plus500, each scored with the same data and method as this page.
