24Option vs CMC Markets
24Option or CMC Markets – which is better for UK traders 2024? Compare 24Option and CMC Markets in this detailed breakdown of their platforms, features and fees.
| 24Option | CMC Markets |
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| 24Option is ranked #11 among binary options brokers. | CMC Markets is ranked #3 among CFD brokers. |
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24Option has closed or no longer accepts UK clients.
Trade nearly 200+ global stocks at 24Option via CFDs. Spreads are competitive and stop loss and take profit orders are available. Even trade new cannabis firms in Canada! |
Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage. |
| Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| CFDs, Forex, Stocks, Cryptos | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $250 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.1 Lots | 0.01 Lots |
| Regulator | |
| CySec | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Mobile Apps | |
| iOS, Android and Windows | iOS & Android |
| Trading App | |
The award-winning app from CMC Markets has transformed mobile trading. The app’s modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it’s an exceptional choice for traders. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 1% | |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries. Spreads are relatively tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market. | |
| Leverage | |
| 1:30 (EU), 1:200 (Global) | 1:30 (Retail), 1:500 (Pro) |
| FTSE Spread | |
| 1 pt | 1 pt |
| GBPUSD Spread< | |
| 0.2 pips (var) | 0.9 |
| Oil Spread | |
| 1 pip | 3.5 |
| Stocks Spread | |
| 0.2% Var | 0.02 |
| Forex | |
| 24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips. | CMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP. |
| Assets | |
| 45+ | 300+ |
| GBPUSD Spread | |
| 0.2 pips (var) | 0.9 |
| EURUSD Spread | |
| 0.2 pips (var) | 0.7 |
| EURGBP Spread | |
| 0.9 pips (var) | 1.1 |
| Currency Indices | |
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| Cryptocurrency | |
| 24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD. | CMC Markets offers trading on popular digital tokens like Bitcoin but really stands out for its crypto indices that provide broader exposure to the cryptocurrency market. There is also minimal slippage and an excellent 99.9% fill rate, making CMC a great option for active crypto traders. |
| Spread | |
| BTC 0.4%, ETH 0.5% | From 1.3 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Boundary Options | |
| Yes | No |
| Ladder Options | |
| No | No |
| 24Option | CMC Markets |
| Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
| More Comparisons | |
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24Option vs |
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