VT Markets or CMC Markets – which is better for UK traders 2024? Compare VT Markets and CMC Markets in this detailed breakdown of their platforms, features and fees.
Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and FSC.
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
Traders can access a range of analysis tools supplied by reputable providers, including Trading Central’s Market Buzz AI tool and a customizable economic calendar
Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
Spreads are competitive based on tests, coming in at 0.2 pips for EUR/USD in the ECN account, aligning with top brands like Pepperstone
There’s a strong range of payment methods, including bank wire, credit cards and e-wallets, plus 5 base currencies to choose from
VT Markets offers free 90-day demo accounts allowing traders to thoroughly test their short-term strategies
A proprietary copy trading service, VTrade, is available on two platforms, with access to 100+ providers
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.
Cons
The broker’s bonus schemes have stringent terms and conditions, including restrictions on minimum deposits and payment methods used
Unlike similar brands like Fusion Markets, VT Markets does not offer crypto trading
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.
Awards
Most Accessible Trading Brokerage 2024, Acquisition International
Fastest Growing Multi Asset Broker Europe 2024, Cosmopolitan The Daily Business Awards
Best Online Trading Services 2024, ADVFN International Financial Awards
Best Forex CFD Broker UAE 2024, Global Business Magazine
Best Multi-Asset Broker MENA 2024, Global Business Review Award Magazine
Fastest Growing Broker Europe 2024, Global Business Review Award Magazine
Most Transparent Forex Broker LATAM 2024, Global Business Review Award Magazine
Best Forex Demo Account UAE 2024, World Business Outlook Magazine
Best Forex Customer Service Broker UAE 2024, World Business Outlook Magazine
Most Reliable Trading Platform MENA 2024, Brands Review Magazine
VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.
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.
iOS App Rating
4.6
4.1
Android App Rating
4.3
3.7
Margin Trading
Yes
Yes
Margin Rate
1%
MetaTrader 4
Yes
Yes
MetaTrader 5
Yes
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
Yes
No
STP Account
Yes
No
ECN Account
Yes
No
DMA Account
Yes
No
MAM Account
Yes
No
PAMM Account
Yes
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
No
Yes
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes
No
Copy Trading Platform
VT Markets continues to offer copy trading via its proprietary service, VTrade. Followers can choose from 100+ strategy providers through a user-friendly platform, whilst providers can boost their earnings through the rebate scheme.
Social Trading
Yes
Yes
Trade Signals
Yes
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
$0
$10
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
CAD
AUD
USD
EUR
GBP
CAD
AUD
NZD
SEK
NOK
SGD
PLN
Commodities
Silver
Gold
Natural Gas
Oil
Copper
Cocoa
Coffee
Cotton
Sugar
Orange Juice
Gold
Oil
Silver
Copper
Coffee
Wheat
Precious Metals
Natural Gas
Soybeans
Orange Juice
Nickel
Palladium
Steel
Cannabis
Platinum
Livestock
Sugar
Gasoline
Cattle
Lean Hogs
CFD
VT Markets offers over 1000+ CFDs spanning currencies, stocks, indices, ETFs and commodities. The MetaTrader charting platforms provide dozens of technical tools alongside integrated market analysis resources and zero restrictions on short-term trading strategies.
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
1:500
1:30 (Retail), 1:500 (Pro)
FTSE Spread
From 40
1 pt
GBPUSD Spread<
0.4 pips
0.9
Oil Spread
From 16
3.5
Stocks Spread
Variable
0.02
Forex
VT Markets offers an average selection of 40+ forex pairs with up to 1:500 leverage. Forex spreads in the ECN account are highly competitive, starting from 0.0 pips, although the 1.2-pip minimum quotes in the Standard account are a little higher than the likes of Pepperstone or IC Markets.
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.
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.