Interactive Brokers vs CM Trading, 2024 Update
Read our In-Depth Interactive Brokers vs CM Trading Review - Updated for 2024
This review comparing Interactive Brokers and CM Trading has been refreshed for 2024 from knowledgeable insiders with significant financial experience across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs CM Trading does not apply to all countries as follows:
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
CM Trading Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs CM Trading
Every trading platforms feature some ups and downs, and a complete review of Interactive Brokers and CM Trading cannnot be complete without adopting a balanced approach.
Assess Interactive Brokers and CM Trading to get a better understanding of the way they stack up to each other prior to you decide to make an account. Conducting a side-by-side comparison will place factors into perspective in order that you are informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between Interactive Brokers or CM Trading. Who is better in 2024?
This Interactive Brokers vs CM Trading comparison contains the most recent information so you can easily compare CM Trading against Interactive Brokers.
If you are a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of brokerage as you continue trading. For starters, you have to select the ideal broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. Interactive Brokers and CM Trading are just two such platforms which will take you and your investment into great heights. It is important that you compare Interactive Brokers vs CM Trading until you trust them with your money.
Our Interactive Brokers vs CM Trading comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and CM Trading side by side.
Our full Interactive Brokers vs CM Trading Review covers everything you need to know about trading using either Interactive Brokers or CM Trading. A good broker can multiply your initial investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you should carefully assess your broker before you select them. It's a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
Interactive Brokers and CM Trading are both brokers that have paved their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital facets of both Interactive Brokers and CM Trading. This review will help you to know whether either CM Trading or Interactive Brokers is a fantastic fit for your own investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of Interactive Brokers and CM Trading Compared
Interactive Brokers has a minimum deposit of $1 while CM Trading offers a $250 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and CM Trading compare
The main 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.
Interactive Brokers has around 100 financial instruments whilst CM Trading allows you to trade around 100 financial instruments available.
The more financial instruments you can trade on the Interactive Brokers and CM 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 should never want to miss out on a trading opportunity due to the limitations of Interactive Brokers or CM Trading.
Interactive Brokers and CM Trading Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. Interactive Brokers and CM Trading have the following contact details and social medias that you can use.
Broker | Interactive Brokers | CM Trading |
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Telephone Number | +1 203 618 5800 | |
support@interactivebrokers.com | ||
Address | One Pickwick Plz, Greenwich, Connecticut 06830, US | |
Interactive Brokers Twitter Account | CM Trading Twitter Account | |
Interactive Brokers Facebook Page | CM Trading Facebook Page | |
Interactive Brokers Instagram Account | CM Trading Instagram Account | |
Interactive Brokers LinkedIn Page | CM Trading LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | CM Trading YouTube Channel |
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CM Trading and Interactive Brokers Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Interactive Brokers and CM Trading will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Interactive Brokers vs CM Trading - Awards
Broker | Interactive Brokers | CM Trading |
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Awards |
Interactive Brokers have won numerous industry awards over the time they have been running as an online trading platform. We list the most notable awards for Interactive Brokers below.
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At the time of writing this CM Trading review, and despite CM Trading’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Interactive Brokers vs CM Trading - Frequently Asked Questions
Interactive Brokers vs CM Trading - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its head office in United States.
CM Trading was founded in 2011 and has its head office in Seychelles.
What is the minimum deposit for CM Trading or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for CM Trading is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Interactive Brokers and CM Trading are a good choice.
Interactive Brokers vs CM Trading - Regulation And Licencing In More Detail
Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..
CM Trading is regulated by Financial Sector Conduct Authority (FSCA).
Both Interactive Brokers and CM Trading have a powerful collection of rules for ensuring fair trading onto their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Interactive Brokers vs CM Trading Commission And Fees
Interactive Brokers and CM Trading are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the number of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you are paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those who are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They're charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither Interactive Brokers or CM Trading charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees billed by Interactive Brokers and CM Trading are relatively competitive. Consequently, you're billed more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This Interactive Brokers vs CM Trading review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For Interactive Brokers And CM Trading
What Languages Do Interactive Brokers And CM Trading Support?
Being able to chat easily with your online broker is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both Interactive Brokers and CM Trading offer communication in.
How Many Clients Do Interactive Brokers and CM Trading Have?
Both Interactive Brokers and CM Trading are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users Interactive Brokers and CM Trading have
What Payment Methods Do Interactive Brokers and CM Trading Accept?
Interactive Brokers and CM Trading both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Interactive Brokers and CM Trading
What Can You Trade With Interactive Brokers and CM Trading?
Interactive Brokers offers 100 trading instruments while CM Trading offers 100.
Below you will find a full breakdown of what both Interactive Brokers and CM Trading offer.
Interactive Brokers Review
Interactive Brokers vs CM Trading:
Table Of Contents
- Compare Interactive Brokers vs CM Trading
- Benefits of Interactive Brokers and CM Trading Compared
- CM Trading and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs CM Trading - Awards
- Interactive Brokers vs CM Trading - Frequently Asked Questions
- What is the minimum deposit for CM Trading or Interactive Brokers
- Interactive Brokers vs CM Trading - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And CM Trading
- What Languages Do Interactive Brokers And CM Trading Support?
- How Many Clients Do Interactive Brokers and CM Trading Have?
- What Payment Methods Do Interactive Brokers and CM Trading Accept?
- What Can You Trade With Interactive Brokers and CM Trading?