CMC Markets Vs WhoTrades

How CMC Markets and WhoTrades Compare in 2021

CMC Markets or WhoTrades who is better?

Compare CMC MARKETS Versus WHOTRADES and eToro broker accounts.

Compare CMC Markets Vs WhoTrades Side by Side

So you are looking for a broker, CMC Markets or WhoTrades who should you choose?

When trading on financial markets you will want to know all about who CMC Markets or WhoTrades are, and how they compare. You will naturally want to know how long CMC Markets and WhoTrades have been in business and what reputation CMC Markets and WhoTrades have. On top of this you will need to discover if CMC Markets and WhoTrades match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be safe in the knowledge that your money is in safe hands. Lets see how CMC Markets and WhoTrades compare.

Well in our CMC Markets vs WhoTrades side by side comparison we make it easier for you to see what is right for you. As with anything the final decision which broker to trade with should ultimately be based on what and how you going to trade.

Our CMC Markets vs WhoTrades comparison will help you judge the effectiveness, price, ease of use and support, trust worthiness of CMC Markets and WhoTrades side by side.

You are eager to start trading so let us help you make a more informed descision.

Our Comparebrokers.co team have painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on CMC Markets and WhoTrades. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like CMC Markets or WhoTrades, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


CMC Markets

(3/5)
Benefits of CMC Markets?
  • Established in 1989
  • CMC Markets have been in business for 32 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • CMC Markets Min deposit $200
CMC Markets screenshot CMC Markets sign up here
Losses can exceed deposits
Reputation Support
Great
Good

CMC Markets Regulation

CMC Markets is regulated by the Financial Conduct Authority (FCA).

Excluded Countries

US

CMC Markets Fees

Deposit fee Varies
Commission Yes, 0.10%
Inactivity fee Yes
Withdrawal fee Varies
Min trade Varies
Max trade Varies
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
1-5 business days

Withdrawal processing time
1-2 business days
See all CMC Markets
funding options here
Losses can exceed deposits

CMC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Tight Fixed spreads
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

CMC Markets Platforms

Web Trader, Binary, Tablet & Mobile apps

CMC Markets Languages

English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian

See CMC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin
Metals
Agriculturals
Energies
See CMC Markets
instruments here
Losses can exceed deposits

CMC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the CMC Markets website. Our records were last updated on .

Visit CMC Markets today
Losses can exceed deposits

WhoTrades

(3/5)
Benefits of WhoTrades?
  • Established in 2006
  • WhoTrades have been in business for 15 years.
  • Head quarters in Cyprus.
  • Live Chat
  • Segregates clients funds
  • WhoTrades Min deposit $100
WhoTrades screenshot WhoTrades sign up here
Losses can exceed deposits
Reputation Support
Good
Good

WhoTrades Regulation

WhoTrades is regulated by the Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC).

Excluded Countries

WhoTrades Fees

Deposit fee Varies
Commission 5%- 6%
Inactivity fee Yes
Withdrawal fee 0.12%- 2%
Min trade 1 Lot
Max trade 25 lot
Min deposit $100
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
1-3 business days

Withdrawal processing time
2-3 business days
See all WhoTrades
funding options here
Losses can exceed deposits

WhoTrades Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Tight Fixed spreads
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

WhoTrades Platforms

Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

WhoTrades Languages

See WhoTrades
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin
Metals
Agriculturals
Energies
See WhoTrades
instruments here
Losses can exceed deposits

WhoTrades Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the WhoTrades website. Our records were last updated on .

Visit WhoTrades today
Losses can exceed deposits

eToro

(4/5)
Benefits of eToro?
  • Established in 2007
  • eToro have been in business for 14 years.
  • Head quarters in Cyprus, UK.
  • Live Chat
  • Segregates clients funds
  • eToro Min deposit $50
eToro screenshot eToro sign up here
67% of retail investor accounts lose money when trading CFDs with this provider.
Reputation Support
Great
Great

eToro Regulation

eToro is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).

Excluded Countries

ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,

eToro Fees

Deposit fee No
Commission Yes
Inactivity fee Yes
Withdrawal fee Yes
Min trade $25
Max trade 20% of equity
Min deposit $50
View all spreads
& fees here
67% of retail investor accounts lose money when trading CFDs with this provider.

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all eToro
funding options here
67% of retail investor accounts lose money when trading CFDs with this provider.

eToro Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Tight Fixed spreads
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

eToro Platforms

Web Trader, Tablet & Mobile apps

eToro Languages

English, German, Spanish, French, Italian

See eToro
features here
67% of retail investor accounts lose money when trading CFDs with this provider.

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin
Metals
Agriculturals
Energies
See eToro
instruments here
67% of retail investor accounts lose money when trading CFDs with this provider.

eToro Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the eToro website. Our records were last updated on .

Visit eToro today
67% of retail investor accounts lose money when trading CFDs with this provider.

CMC Markets Vs WhoTrades Table of Contents

CMC Markets and WhoTrades in Detail

CMC Markets Review Screenshot

The CMC Markets online trading platform gives traders from all over the world access to over 9,300 financial instruments including over 100 available instruments. There are over 10,000 customers that have taken advantage of the CMC Markets platform.

CMC Markets are regulated by Financial Conduct Authority (FCA).

CMC Markets Review Screenshot

WhoTrades is a renowned Cyprus financial trading brokerage established in 2006.

WhoTrades serves customers globally and are regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC). Depending on the country you are trading from CMC Markets may serve you from a different business entity to comply with its financial regulators.

WhoTrades is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Safety is the most important thing to consider. CMC Markets is listed as a publically traded company so are a reputable broker.

Benefits of CMC Markets and WhoTrades Compared

Below we will give you a brief summary of the benefits CMC Markets and WhoTrades offer side by side.

CMC Markets offers a minimum deposit of 200 while WhoTrades have a 100 minimum deposit.

Why small deposits before trading are good and how CMC Markets and WhoTrades compare

The first obvious reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

CMC Markets allows traders to trade up to 9,300 financial instruments while WhoTrades have around 100 on their trading platform.

The more instruments you can trade on the CMC Markets and WhoTrades trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of CMC Markets or WhoTrades.

The CMC Markets trading platform has 9,000 stocks listed while WhoTrades has 0 stocks listed.

CMC Markets allows retail traders to trade the following assets Forex, CFDs, Spread Betting, Binary Options on the CMC Markets Web Trader, Binary, Tablet & Mobile apps trading platforms.

Alternatively WhoTrades allows retail traders to trade Forex, Social Trading on the WhoTrades Mac, Mirror Trader, Web Trader, Tablet & Mobile apps trading platforms.

Compare CMC Markets and WhoTrades in more detail below.

Drawbacks of CMC Markets and WhoTrades Compared

Below we compare what drawbacks CMC Markets and WhoTrades have side by side.

There are many potential drawbacks with some brokers. The first one being the potential limitations CMC Markets and WhoTrades have. Generally speaking, the more things, you can invest in the better. The second thing is the fees and commissions you are paying with CMC Markets vs WhoTrades. The higher the fees you pay will have more of an impact on any potential profits. Another important factor are the trading research tools, educational resources and the general usability of CMC Markets vs WhoTrades.

Broker CMC Markets WhoTrades eToro
Inactivity Fees Yes Yes Yes
Withdrawl Fees Varies 0.12%- 2% Yes
Withdrawal Processing Time 1-2 business days 2-3 business days Varies
Min Deposit 200 100 50
Social Trading No Yes Yes
Excluded Countries US ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,

CMC Markets Vs WhoTrades Available Financial Markets

Variety is the spice of life and that certainly applies to financial markets. A diverse investment portfolio is always recommended. If your investment portfolio is diverse, it helps to protect your investments overall from huge downswings that can occur in one potential market. For example, when an airplane stock goes up, other airplane stocks usually follow suit. This of course is the positive side of putting all your eggs in one basket.

When the opposite happens this could spell disaster! The best portfolios cover for potential danger and involve businesses and stocks from all walks of life. Having more financial instruments, commodities and assets available to you on the CMC Markets and WhoTrades platforms will help you build a more diverse investment portfolio.

Broker CMC Markets WhoTrades eToro
Instruments Available 9300 100 2000
Offers share dealing No No Yes
Number of Shares 9,000 0 2,042
Offers US Stocks Yes Yes Yes
Offers UK Stocks Yes No Yes
Offers German Stocks Yes No Yes
Offers Japanese Stocks No Yes Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 0 0 31
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities Yes Yes Yes
Offers Agricultural Commodities Yes No Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 35 15 50
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes Yes
Offers Exotic Forex Pairs Yes Yes
Offers CFD Trading Yes Yes
Offers Social Trading No Yes Yes

CMC Markets Vs WhoTrades Cryptocurrency Trading

Crypto currencies have been booming since the invention of Bitcoin and with good reason. Crypto currencies have turned double digit investments into millions. Extreme examples of course but this can be rarely said of any stock that exists.

Bitcoin is by far the most famous example of cryptocurrency but there are thousands of altcoins that are on the market that have the potential to rise in a similar fashion. Like stock markets if Bitcoin rises, then altcoins follow suit.

Cryptocurrency can easily be labelled as a higher risk investment. This is because cryptocurrencies fluctuate often with extreme highs and extreme lows. If cryptocurrencies represent a fraction of your portfolio or you want to invest a small fraction of your trading budget to see what happens it could potentially be one of your most exciting trades ever depending on how the markets are. Please note that cryptocurrency availability with CMC Markets, WhoTrades and all brokers is subject to regulation.

We compare CMC Markets vs WhoTrades Crypto options below side by side.

Broker CMC Markets WhoTrades eToro
Allows Cryptocurrency Trading (availability subject to regulation) No No Yes
Cryptocurrencies Offered BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, EOS, NEO, XLM, IOTA, TRX, ZEC, BNB, XTZ

CMC Markets Vs WhoTrades Commission and Fees

knowing your trading and commission fees with CMC Markets vs WhoTrades is extremely important. For the majority of the CMC Markets 9,300 financial instruments and WhoTrades 100 available financial instruments.

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with both CMC Markets and WhoTrades. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset over night or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with CMC Markets and WhoTrades before you invest because it is crucial that you know exactly what you are paying.

You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally a set fee of around 5 USD. Your location or residence will have an impact on your potential CMC Markets and WhoTrades fees of course. Make sure you do your research and check the commission and fees with both CMC Markets and WhoTrades before you invest anything.

Some brokers will charge inactivity fees. As the name suggests this occurs when you have been inactive on your account for a certain period.

Both CMC Markets and WhoTrades do charge inactivity fees.

You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.

When you deposit money to a broker like CMC Markets or WhoTrades you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay nothing for this. If this is the case it can be a big problem. Constant deposits will eat into your profit so this will take some considering before you sign up.

Let’s see how CMC Markets vs WhoTrades compare side by side for commissions and fees.

Broker CMC Markets WhoTrades eToro
Min Deposit 200 100 50
Inactivity Fees Yes Yes Yes
Withdrawal Fees Varies 0.12%- 2% Yes
Deposit Fees Varies Varies No

CMC Markets Vs WhoTrades Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. Having the ability to trade with the click of a button is essential and allows you to make trading decisions on the CMC Markets and WhoTrades platforms when it is convenient to you. Without this you will not have the opportunity to take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer there own bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You will need to test this out yourself with a CMC Markets or WhoTrades demo account.

Broker CMC Markets WhoTrades eToro
Offers MT4 Yes No No
Offers MT5 No No No
Offers cTrader No No No

CMC Markets Vs WhoTrades Mobile Trading

Being able to trade on your mobile can be very useful. Why is this? Well, the stock market sees market movement every second, if you are not near your desktop computer you will probably be near and have access to your phone. This way you will be able to take advantage of all the opportunities present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.

If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.

Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.

If you use Microsoft Windows tablets or phones you will also need to check if the CMC Markets and WhoTrades have trading apps that are compatible.

Broker CMC Markets WhoTrades eToro
Web Platform Yes Yes Yes
IOS Trading App Yes Yes Yes
Android Trading App Yes Yes Yes
Microsoft Trading App No Yes No

CMC Markets Vs WhoTrades Trading Account Types Offered

CMC Markets Vs WhoTrades Demo Account

A demo account is an extremely useful account for people with no trading experience. This way you are risking none of your money and testing out your trading skills in a safe environment. For people who have next to no knowledge of trading we recommend signing up with a CMC Markets and WhoTrades demo account fully.

CMC Markets Vs WhoTrades Micro Account

A micro account allows traders to place money on the Forex market. This is best for people who like to make risk averse trades and focuses mostly on foreign exchange currency. This is usually used by beginners.

CMC Markets and WhoTrades do not offer Micro accounts.

CMC Markets Vs WhoTrades Standard Account

A standard account is available to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these accounts users will have to trade with at least $100. This is the account the m1ajority of people will seek to use.

Both CMC Markets and WhoTrades do offer clients Standard accounts.

CMC Markets Vs WhoTrades MAM Account

What is a MAM account? MAM stands for a Multi Account Manager Account. This is very useful for serious traders who want to use one account to place all of their trades. It is a sophisticated software tool that allows a single trader to execute block trades on all accounts operating under a master account.

Both CMC Markets and WhoTrades do offer clients MAM accounts.

CMC Markets Vs WhoTrades ECN Account

An ECN account stands for Electronic Communications Network. This is an account for pure order-matching execution. This is a very sophisticated piece of software and please only try this after much research. The account provider will charge a fee as their commission for executing each trade as an alternative to increasing the raw spread artificially as a revenue method.

CMC Markets does not offer clients ECN accounts, while WhoTrades does offer clients ECN accounts.

CMC Markets Vs WhoTrades Islamic Account

An Islamic account is for people who respect the Quran and would like to invest in the Islamic stock market. This might seem very niche, but it is essential for those concerned as it follows certain ethics in relation to the principles of Islam. They are also referred to swap free accounts.

CMC Markets does not offer clients Islamic accounts, while WhoTrades does offer clients Islamic accounts.

CMC Markets Vs WhoTrades STP Account

Straight Through Processing or STP is where a requested clients trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non dealing desk trading method aimed mainly at Forex traders.

CMC Markets does not offer clients STP accounts, while WhoTrades does offer clients STP accounts.

CMC Markets Vs WhoTrades Managed Account

A managed account is an investment that is owned by a single investor. However, the money-making decisions are in somebody else’s hands. These have become extremely popular in the last decade or so and with good reason. The money needed to invest in such accounts are usually larger as you must consider the fee for the finance professional. However, there are certain brokers that offer variations of managed accounts where you can pay as little as $200.

CMC Markets does offer clients Managed accounts, while WhoTrades does offer clients Managed accounts.

Broker CMC Markets WhoTrades eToro
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No No No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts Yes Yes No
Offers ECN Accounts No Yes No
Offers Islamic Accounts No No Yes
Offers STP Accounts No No Yes
Offers Managed Accounts Yes No No

CMC Markets Vs WhoTrades Withdrawal and Funding Methods

CMC Markets and WhoTrades have multiple deposit and withdrawal options. Funding and withdrawing from your CMC Markets and WhoTrades account to your chosen payment method should be straight forward. Lets see how CMC Markets and WhoTrades compare with each other. Be aware that depending on the payment method you decide upon there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from CMC Markets or WhoTrades.

Broker CMC Markets WhoTrades eToro
Payment Methods Credit cards, Bank Transfer, Debit cards, Payoneer, Credit cards, Bank Transfer, Neteller, Skrill, Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

CMC Markets Vs WhoTrades Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of CMC Markets or WhoTrades support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the CMC Markets and WhoTrades support are always available when you need them. CMC Markets and WhoTrades customer support is not just useful. It is crucial to your trading success!

CMC Markets Vs WhoTrades Live Chat

Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.

CMC Markets offers live chat while WhoTrades does not offer live chat support.

CMC Markets Vs WhoTrades Email Support

when trading with either CMC Markets or WhoTrades you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the CMC Markets or WhoTrades support team to give a satisfactory answer to. This is where email support with CMC Markets and WhoTrades will be needed.

Both CMC Markets and WhoTrades offer email support.

CMC Markets Vs WhoTrades Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can actually explain ourselves with a live human being at either CMC Markets or WhoTrades. We can get straight to the point and this can save us from a lot of time and frustration.

Both CMC Markets and WhoTrades offer phone support.

Lets see how CMC Markets and WhoTrades customer support compare side by side.

Broker CMC Markets WhoTrades eToro
Offers Live Chat No No Yes
Languages English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian English, German, Spanish, French, Italian
Support Email [email protected] [email protected] [email protected]
Phone =+1300 303 888 =+357 25 344 563 44-866-350-0881

CMC Markets Vs WhoTrades Regulation and Licensing

Never trade on a market that is not sufficiently regulated. This should go without saying when submitting your bank card information or investing money on any website. You need to make sure with certainty that your money is in safe hands. Checking to see if CMC Markets and WhoTrades are highly regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site and if you cannot see that CMC Markets or WhoTrades have these in place please be extremely cautious before you proceed with them.

We compare CMC Markets Vs WhoTrades financial regulation and licensing side by side below.

Broker CMC Markets WhoTrades eToro
FCA Regulation Yes No Yes
CySEC Regulation No Yes Yes
MiFID Regulation No No Yes
ASIC Regulation No No Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

CMC Markets Vs WhoTrades Risk Management Features

When trading with either CMC Markets or WhoTrades you will want to understand and make full use of all the risk management features on your CMC Markets or WhoTrades trading platforms.

We compare side by side the trading risk management features offered by CMC Markets and WhoTrades below.

CMC Markets Vs WhoTrades Hedging

What is hedging? Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on the outcome of one event as it could be potentially risky holding all your assets in one place. Hedging in finance means being able to tactically trade in such a way as you are protecting yourself from huge risk. This can be done for example by betting for a stock to rise and betting against it to rise by using different amount or different amounts of leverage.

Both CMC Markets and WhoTrades do offer clients hedging.

CMC Markets Vs WhoTrades Stop Loss

Stop loss orders are very useful for more volatile investments. Especially when you are speculating on a stock or Forex currency pair. In a normal trade you cannot lose more than what you invested but when you are using leverage this is not the case. Under these terms it is always good to set a stop loss so you can protect yourself from having any vicious results.

Both CMC Markets and WhoTrades do offer clients stop losses.

CMC Markets Vs WhoTrades Limit Orders

Every broker should give its users an opportunity to place a limit order. This is when you have an order in place to buy a financial instrument at a specific price. When the financial asset hits a set price your trade will be executed. This is extremely useful as it will give you the opportunity to buy a stock at a better price! It would be very time consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what help limit orders can be in your trading career.

Both CMC Markets and WhoTrades do offer clients limit orders.

CMC Markets Vs WhoTrades Negative Balance Protection

Negative balance protection is there to protect its customers. Customers do indeed need protecting as trading can be a volatile business and not everybody who invests knows the full consequences of their trade.

The way negative balance protection works is like this: Say you invest $50 but your trade has the potential to lose $125 because you have used leverage. To do this trade you will need $125 available in your account. This is great as it would be very unfortunate if you recieved an unexpected bill from a broker one day.

CMC Markets does not offer clients negative balance protection, while WhoTrades does offer clients negative balance protection.

Broker CMC Markets WhoTrades eToro
Offers Hedging Yes Yes No
Negative Balance Protection No Yes
Guaranteed Stop Loss Yes No
Offers Limit Orders Yes Yes Yes
Offers Trailing Stops Yes Yes

CMC Markets Vs WhoTrades Verdict

We hope this CMC Markets Vs WhoTrades guide has helped you decide who is best to trade with out of CMC Markets and WhoTrades.

Firstly when you are looking to trade it is essential that you can guarantee that your money is in safe hands. Therefore, please bear this in mind when you sign up with CMC Markets or WhoTrades.

Also, before you sign up to any broker make sure you know what you are doing. Simple advice we admit but we know from experience how many people decide to start trading and then ask questions later. To put it in the simplest terms possible before you invest any money into something please take note of exactly what you are doing.

Beware of the risks that come with trading. The financial markets can be volatile and investments can go down as well as up. Educate yourself, make full use of all CMC Markets and WhoTrades educational resources and financial research tools. If you are new to trading sign up for a demo account with CMC Markets and WhoTrades find which suits you and your trading style.

Some of you might be thinking what we mean when we say ‘trading style’. Here are a few examples. A day trader will look to open positions and close them on the same day. This will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if CMC Markets and WhoTrades fees match you trading requirements.

Alternatively, you could be on the extreme end of this scale and decide to wait years before you close your investments, if your investment strategy is more long term.

CMC Markets and WhoTrades Alternatives

If CMC Markets and WhoTrades are not what you are not quite what you are looking for we list some of the best CMC Markets and WhoTrades alternatives below.

Other CMC Markets and WhoTrades Vs Comparisons

If you are still looking for an alternative to CMC Markets and WhoTrades and want to see how CMC Markets or WhoTrades compare Vs other brokers check out the CMC Markets Vs and WhoTrades Vs list below.

CMC Markets Vs Alternatives

Still not happy have a look at some of our alternative CMC Markets Vs side by side comparisons below

WhoTrades Vs Alternatives

Still not happy have a look at some of our alternative CMC Markets Vs side by side comparisons below

CMC Markets Vs WhoTrades Frequently Asked Questions

We answer some of the most frequently asked CMC Markets Vs WhoTrades questions below.

Is CMC Markets any Good?

Knowing that a broker is legit is the first thing you should check before signing up to a broker. Is CMC Markets legit? – CMC Markets are regulated by Financial Conduct Authority (FCA) and have been in business since 1989

Is WhoTrades any Good?

WhoTrades are regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) and have been in business since 2006.

Which is better CMC Markets or WhoTrades?

CMC Markets and WhoTrades do not have a high rating so we recommend trading with a more reputable alternative broker.

Is CMC Markets a con?

CMC Markets is regulated by Financial Conduct Authority (FCA) and have been in business since 1989. CMC Markets is most definitely not a con as they are regulated by major financial regulators.

Is WhoTrades a con?

WhoTrades is regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) and have been in business since 2006. WhoTrades is most definitely not a con as they are regulated by major financial regulators.

What happens if CMC Markets or WhoTrades go bust?

CMC Markets and WhoTrades are regulated which means that as part of their regulatory oblig ations CMC Markets and WhoTrades have to offer a certain level of financial protection to their clients. CMC Markets and WhoTrades should by law keep client funds separate from CMC Markets and WhoTrades funds. If either CMC Markets or WhoTrades go bankrupt they should not have access to your money. Customers accounts should be segregated. The investor compensation schemes differ country to country so check this on the CMC Markets and WhoTrades websites and regulators.

Are CMC Markets or WhoTrades good for beginners?

Do CMC Markets or WhoTrades give courses?

CMC Markets and WhoTrades offer low deposits and access to a selection of educational resources. This is especially useful for beginners and people who want to improve their trading skills. This is a big plus for CMC Markets and WhoTrades as it shows on they have an interest in their customers.


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