🔄 Broker Alternatives

Best CMC Markets Alternatives 2026

We ranked substitutes that actually make sense for CMC Markets users — prioritizing similar regulation, platform overlap, account fit, and obvious upgrade paths instead of recycling a generic top-brokers list.

CMC Markets scores 8.8/10 in our review model, which means this is not a “run away” page. It is a switch page. The shortlist below is tuned for traders who want something close in profile, but better on one of the usual pain points: costs, platform workflow, regulation, or product depth.

The top match right now is IG, because it overlaps most cleanly with CMC Markets on platform stack, account fit, and broker profile while still offering a stronger overall package.

Best lower-fee switch

Pepperstone

Trading-cost score: 8.5/10 · spreads from 0.0 pips

Best platform upgrade

IG

Platforms: IG Platform, MT4, ProRealTime

Best trust-first option

IG

Regulation score: 10.0/10

Top 5 Alternatives to CMC Markets

#	Broker	Why it fits	Overall Score	Min Deposit	Spreads	Regulation
1	I IG Alt fit score: 20.4	Closest like-for-like substitute thanks to shared platform coverage (MT4).	9.2	$250	0.6 pips	FCA ASIC MAS	Review →
2	P Pepperstone Alt fit score: 18.6	Closest like-for-like substitute thanks to shared platform coverage (MT4).	8.5	$0	0.0 pips	ASIC FCA CySEC	Review →
3	T ThinkMarkets Alt fit score: 18.4	Closest like-for-like substitute thanks to shared platform coverage (MT4).	8.3	$0	0.0 pips	ASIC FCA CySEC	Review →
4	O Oanda Alt fit score: 17.9	Closest like-for-like substitute thanks to shared platform coverage (MT4).	8.4	$0	1.0 pips	FCA ASIC MAS	Review →
5	C Capital.com Alt fit score: 17.8	Closest like-for-like substitute thanks to shared platform coverage (MT4).	8.5	$20	0.6 pips	CySEC FCA ASIC	Review →

CMC Markets vs IG — Side by Side

CMC Markets

Est. 1989

8.8

Min Deposit $0

Spreads From 0.7 pips

Max Leverage 1:500

Instruments 10,000

Trading Costs 8.0/10

Platforms 9.5/10

Regulation

FCA ASIC BaFin

Read CMC Markets Review

IG

Est. 1974

9.2

Min Deposit $250

Spreads From 0.6 pips

Max Leverage 1:200

Instruments 17,000

Trading Costs 8.5/10

Platforms 9.5/10

Regulation

FCA ASIC MAS BaFin

Read IG Review

Why traders switch from CMC Markets

Costs are already competitive, so the better reason to switch is usually platform fit or product access rather than shaving a fraction of a pip.

CMC Markets already has a respectable platform stack, so switching makes more sense if you want a different workflow than Next Generation, MT4.

CMC Markets is already strongly regulated, so alternatives should be judged more on execution, platforms, and account terms than on trust alone.

Frequently Asked Questions

What is the best alternative to CMC Markets?

Right now, IG is the strongest like-for-like substitute. It keeps the closest profile match to CMC Markets while landing a stronger overall score at 9.2/10.

Which alternative has the lowest fees?

Among the top substitutes, Pepperstone is the clearest cost-led option. It scores 8.5/10 for trading costs in our testing and starts from 0.0 pips spreads.

Is CMC Markets a bad broker?

No. CMC Markets is still a credible broker with a 8.8/10 overall score. This page exists because “good” is not the same as “best for your setup.”

Can I move my account from CMC Markets to another broker?

Not directly. In practice, you withdraw from CMC Markets, open a new account elsewhere, and fund it again. The annoying part is admin, not technology.