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CMC Markets vs Binarycent

CMC Markets or Binarycent – which is better for UK traders 2024? Compare CMC Markets and Binarycent in this detailed breakdown of their platforms, features and fees.

CMC Markets vs Binarycent Comparison Table 2024
CMC Markets	Binarycent

4.7	3
CMC Markets is ranked #3 among CFD brokers.	Binarycent is ranked #9 among binary options brokers.
Review	Review
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.	BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
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
The web platform delivers a fantastic user experience with advanced charting tools for trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) is also supported. CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads. CMC Markets is heavily regulated by reputable financial authorities and maintains its stellar reputation, helping to ensure a secure and trustworthy trading environment. The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar. CMC Markets offers a rich investment offering with over 12,000 CFDs and more recently options trading, providing opportunities to trade market volatility and hedge existing positions.	Simple and straightforward proprietary platform for binary options trading Payouts up to 95% are higher than most competitors and increases profit potential Trade binary contracts from $0.10 allowing trading opportunities for all budgets Copy trading and binary options bots are useful for beginner traders Accepts a wide range of funding methods, including cryptos and e-wallets
Cons
Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG. While CMC offers an above-average suite of assets, there is no support for trading real stocks and UK clients can’t trade cryptocurrencies. Trading stock CFDs incurs a relatively high commission, especially compared to the cheapest brokers like IC Markets. An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors. The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.	Not available to traders based in the US The $250 minimum deposit is higher than most binary options brokers Not overseen by any reputable regulator, raising risks and reducing customer protections
Awards
Best Trading App 2023 - DayTrading.com No.1 Platform Technology 2022 No.1 New Tool 2022 No.1 Most Currency Pairs 2022 Best Trade Execution 2021 Best Forex Broker For Beginners 2021 Most Transparent Forex Broker Europe 2020 Best Trading Platform 2020 Best Trading App 2019 Best Customer Service 2018	Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting	CFDs, Forex, Stocks, Cryptos, Options, Commodities
Bonus
	20% to 200% deposit bonus
Demo Account
Yes	Yes
Minimum Deposit
$0	$250
Payment Methods
Credit Cards Debit Card Mastercard PayPal Visa Wire Transfer	Credit Cards Debit Card Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$0.01
Regulator
FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA	VFSC
Mobile Apps
iOS & Android	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.	BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience.
iOS App Rating
4.1	3
Android App Rating
3.7	3
Margin Trading
Yes	Yes
Margin Rate
1%
MetaTrader 4
Yes	No
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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Centobot for binary options
Copy Trading
No	Yes
Copy Trading Platform
	The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
No	Yes
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	Yes
Inactivity Fee
$10
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD SEK NOK SGD PLN	USD
Commodities
Gold Oil Silver Copper Coffee Wheat Precious Metals Natural Gas Soybeans Orange Juice Nickel Palladium Steel Cannabis Platinum Livestock Sugar Gasoline Cattle Lean Hogs	Gold Silver Oil
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.	You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.
Leverage
1:30 (Retail), 1:500 (Pro)	1:500
FTSE Spread
1 pt	Floating
GBPUSD Spread<
0.9	Floating
Oil Spread
3.5	Floating
Stocks Spread
0.02	Floating
Forex
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.	Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.
Assets
300+	25+
GBPUSD Spread
0.9	Floating
EURUSD Spread
0.7	Floating
EURGBP Spread
1.1	Floating
Currency Indices
USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
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.	BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.
Spread
From 1.3	N/A
Coins
BTC BCH ETH LTC EOS TRON NEO ADA XLM	ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.
Payout
	95%
Expiration Times
	5 seconds - 30 days
Boundary Options
No	Yes
Ladder Options
No	No

CMC Markets	Binarycent
Review	Review
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.
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