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IG vs CMC Markets

A dedicated, side-by-side comparison of IG and CMC Markets for UK traders, both FCA-authorised and both tested live by the Amazing Reviews desk across a matched 60-day evaluation window. This page covers only these two brokers, IG under FCA reference #195355 and CMC Markets under FCA reference #173730, and reads them head-to-head on regulation, all-in pricing, platform depth, order execution and service.

You will find two full broker cards to the right, a dual-line spread capture on EUR/USD, a pillar-by-pillar scorecard, per-broker pros and cons, a side-by-side data table, an editorial verdict declaring a winner between IG and CMC Markets, and a dedicated FAQ answering the questions UK readers ask most often about picking between these two names.

Official IG logo brand mark
Contender A · Rank #1
IG
4.9

IG is the UK's most established retail forex and CFD broker. Authorised by the Financial Conduct Authority since 1974 and listed on the London Stock Exchange, IG serves more than 313,000 active clients globally with over £640bn in monthly volume. UK retail traders receive FSCS protection to £85,000, negative-balance protection and access to 17,000+ instruments across FX, indices, shares, commodities and crypto CFDs.

Spread
0.6 pips
Min Dep
£0
FCA
#195355
Trade IG
Official CMC Markets logo brand mark
Contender B · Rank #2
CMC Markets
4.8

CMC Markets has been a fixture of the UK retail trading scene since 1989. FCA-authorised and LSE-listed, CMC's flagship Next Generation platform is widely regarded as the most comprehensive charting environment offered by any UK broker, with more than 115 technical indicators and 80 drawing tools.

Spread
0.7 pips
Min Dep
£0
FCA
#173730
Trade CMC Markets
Written by Amazing Reviews Teamin|Updated: 26 June 2026

Our team of expert traders tested many FCA regulated Forex brokers that accept UK residents and compiled a focused head-to-head between IG and CMC Markets. Both firms are authorised by the Financial Conduct Authority (IG under reference #195355, CMC Markets under #173730), both segregate GBP client money inside tier-one UK banks, and both cover eligible retail clients under the Financial Services Compensation Scheme up to £85,000. The safety layer is effectively identical, so every section below is built to isolate the pricing, platform, research and education differences that actually decide the account.

Below, you will find a comprehensive breakdown of IG versus CMC Markets written specifically for traders in the United Kingdom, using Amazing Reviews' in-house testing methodology. Every recommendation is anchored to real live-account testing rather than headline marketing. You will see two full match-up cards, a dual-line spread capture on EUR/USD, a pillar-by-pillar scorecard, per-broker pros and cons, a side-by-side data table, an editorial verdict, and a dedicated FAQ answering the questions UK readers ask most often about choosing between these two names.

The overall winner on this exact match-up is IG, edging CMC Markets by 0.1 editorial points on the Amazing Reviews five-star scale. That does not make CMC Markets a weak account, both are strong FCA-regulated homes for a UK retail balance; it means IG is the marginal editorial pick for the average UK reader landing on this page. Which of the two suits you comes down to pricing, platform depth and trading style, so read the pillar-by-pillar tables in full before you fund an account.

The two match-up cards, IG · CMC Markets

The two cards below carry the FCA reference, editorial rank, live spread capture headline and the direct account link for each broker. For most UK readers, the account decision is already 70% made by the time these cards have been compared side by side. Everything further down settles the remaining 30%, the regulatory tier count, the all-in fee stack, the platform filter, the research library and the education path.

Read the cards left to right. On the left, IG sits at rank #1 with a live editorial rating of 4.9/5, a minimum deposit of £0 and a headline spread from 0.6 pips. On the right, CMC Markets sits at rank #2 with a live editorial rating of 4.8/5, a minimum deposit of £0 and a headline spread from 0.7 pips. The "Trade" and "Read review" buttons open the UK entity in each case, never a mirror site.

Rank #1 · FCA #1953554.9/5
Official IG logo brand mark
IG
4.9
Contender A

IG is the UK's most established retail forex and CFD broker. Authorised by the Financial Conduct Authority since 1974 and listed on the London Stock Exchange, IG serves more than 313,000 active clients globally with over £640bn in monthly volume. UK retail traders receive FSCS protection to £85,000, negative-balance protection and access to 17,000+ instruments across FX, indices, shares, commodities and crypto CFDs.

Min Deposit
£0
Min Spread
0.6 pips
Commission
£0 on FX, share CFDs from 0.02%
Leverage
1:30 (retail)
Platforms
IG Web, MT4, ProRealTime, L2 Dealer
Markets
17,000+
Established
1974
Rank #2 · FCA #1737304.8/5
Official CMC Markets logo brand mark
CMC Markets
4.8
Contender B

CMC Markets has been a fixture of the UK retail trading scene since 1989. FCA-authorised and LSE-listed, CMC's flagship Next Generation platform is widely regarded as the most comprehensive charting environment offered by any UK broker, with more than 115 technical indicators and 80 drawing tools.

Min Deposit
£0
Min Spread
0.7 pips
Commission
£0 on FX; share CFDs from 0.10%
Leverage
1:30 (retail)
Platforms
Next Generation, MT4, TradingView
Markets
12,000+
Established
1989

Regulation

IG (founded 1974) and CMC Markets (founded 1989) both operate under Financial Conduct Authority oversight for UK retail clients, and neither is a bank. According to the Amazing Reviews trust framework, IG scores 93/99 and CMC Markets scores 91/99, both inside the "highly trusted" 90–99 band.

On regulation, IG holds 6 Tier-1 licences and 3 Tier-2 licences, while CMC Markets holds 6 Tier-1 and 3 Tier-2 (Tier-1 is considered highly trusted, Tier-2 trusted). Both segregate UK client money in tier-one UK banks and apply the FCA's negative-balance protection to retail CFD accounts.

Year Founded19741989
Publicly Traded (Listed)YesYes
BankNoNo
FCA Reference#195355#173730
Trust Score93/9991/99
Tier-1 Licences66
Tier-2 Licences33
Tier-3 Licences11
Tier-4 Licences11
FSCS Protection (UK)YesYes
Negative Balance ProtectionYesYes

With the regulatory profile settled, the next honest question for a UK reader is what the account actually costs to run. Regulation tells you the money is safe; fees tell you how quickly a working balance is eaten by cost of trading before a single strategy has been tested. For that reason the Fees block below is the single most-read table on this page.

The table stacks minimum deposit, EUR/USD headline spread, commission per round-turn lot, retail leverage on majors, and the funding methods side by side, so you can price a typical week of trading on IG against CMC Markets in less than a minute. If you trade 5 to 20 round trips a week on majors, the difference between the two headline spreads is a number you can multiply by hand: (spread IG minus spread CMC Markets) × trades × lot size × £8 per pip. That is your real weekly cost gap in GBP, before commission and financing.

Fees

On all-in trading cost, IG prints a typical spread from 0.6 pips with commission £0 on FX, share CFDs from 0.02%, while CMC Markets prints from 0.7 pips with commission £0 on FX; share CFDs from 0.10%. Both are priced close to the industry average for UK retail, so neither is the cheapest broker on the market, but both are competitively priced for readers who value execution quality and platform depth as much as raw cost.

If your main focus is the lowest possible fees on EUR/USD, the fees table below is the one to weigh. If your focus is a specific platform (MT4, cTrader) or a specific market list, the Platforms table further down carries more weight than headline pricing.

Minimum Deposit£0£0
Average spread (EUR/USD), Standard0.6 pips0.7 pips
Commission per round-turn lot£0 on FX, share CFDs from 0.02%£0 on FX; share CFDs from 0.10%
Retail Leverage (majors)1:30 (retail)1:30 (retail)
Non-wire bank transferYesYes
PayPal (Deposit/Withdraw)YesNo
Skrill (Deposit/Withdraw)NoNo
Bank Wire (Deposit/Withdraw)YesYes
Inactivity feeYesNo

Cost is one axis; the trading environment is the other. For many UK readers a specific chart engine , MT4, MT5, cTrader or a TradingView-connected chart, is a hard filter rather than a preference, because their entire order-management routine, indicator stack and (in many cases) their expert advisors are already built on top of one of those platforms.

The Trading platforms block below settles that platform-fit question. It goes beyond a checklist by pairing every platform row with the practical detail that matters on a UK retail account: whether the desktop stack is proprietary or third-party, whether the mobile app carries the same order types as desktop, whether the charting engine ships 100+ studies as standard, and whether trade-from-chart works out of the box without a paid upgrade.

Trading platforms and tools

IG offers IG Web, MT4, ProRealTime, L2 Dealer, while CMC Markets runs on Next Generation, MT4, TradingView. If your workflow depends on a specific platform, that is a hard filter rather than a preference. Both brokers ship a web platform, a proprietary desktop stack and a full mobile app on iOS and Android, and both offer a free virtual demo funded in GBP.

Where the two diverge is charting depth and the way they handle multi-instrument workspaces. The row on Charting Indicators below is the practical test: more indicators does not always mean better, but it does mean a broker's charting engine is closer to a professional stack.

Virtual Trading (Demo)YesYes
Proprietary Desktop PlatformNoYes
Web PlatformYesYes
MetaTrader 4 (MT4)YesYes
MetaTrader 5 (MT5)NoNo
cTraderNoNo
TradingView IntegrationNoYes
Charting Indicators / Studies124104
Trade From ChartYesYes

A trading platform is only as good as the ideas that feed into it. On a UK retail account, the difference between "you have to bring your own edge" and "an edge is already sitting in the platform" comes down to the research stack a broker chooses to license.

The Market research block below compares the third-party feeds, in-house desk notes, sentiment tools and economic calendars each broker ships by default. Watch specifically for Autochartist and Trading Central, the two most commonly licensed third-party feeds, and the row on client sentiment, which is the single row that separates a broker that treats research as a cost centre from one that treats it as a hook to keep the account funded and active.

Market research

Both IG and CMC Markets publish daily market commentary, a client sentiment tool showing long-versus-short positioning, and an economic calendar for the UK, US, EU and Asia sessions. Neither charges extra for those tools on a retail account.

The difference is the depth of third-party research included by default. IG tends to pull in wider news feeds and independent analyst content, while CMC Markets leans on curated in-house desk notes. Neither approach is objectively better, but they suit different trading routines.

Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesYes
AutochartistNoYes
Trading CentralYesYes
Client Sentiment DataYesYes
TipRanks / Third-party analystYesNo
Acuity TradingNoNo
Economic CalendarYesYes

For readers new to leveraged trading, the Beginners and education block below is the pillar that most changes the account decision. A broker with a strong structured course, real live webinars and a demo that mirrors the live feed can shorten the learning curve by weeks and genuinely reduce the risk of blowing up a first live balance.

Both IG and CMC Markets ship a full education stack; the table below isolates where they actually diverge, length of the structured video path, presence of quiz-based progression checks, and whether the demo account is time-limited or permanent. If you are within your first six months of live trading, weight this pillar as heavily as fees.

Beginners and education

Both brokers offer a full stack of beginner and intermediate education: written guides, live client webinars, and video libraries covering FX, indices, commodities and CFDs. Neither falls short on the basic learning support a UK first-time trader needs.

Where they diverge is guided learning paths and quiz-based progression. If you want a structured "school" that walks you from cash-and-carry FX through to options-on-futures, look at the Videos and Structured Courses rows below.

WebinarsYesYes
Videos, Beginner TradingYesYes
Videos, Advanced TradingYesYes
Structured CoursesYesNo
Quizzes / Progress TrackingYesNo
Demo Account for PracticeYesYes

With every pillar priced, the last step is rolling them into one editorial view. The Winner scorecard below scores IG and CMC Markets on the same eight pillars the Amazing Reviews desk uses across every UK broker review, regulation, fees, platforms, mobile, research, education, execution and customer service.

Each pillar is scored out of ten and a pillar-by-pillar winner is highlighted. The overall totals at the foot of the scorecard are the same numbers that drove the editorial rankings for IG (#1) and CMC Markets (#2) on our master list of FCA regulated UK brokers, so nothing on this page is scored differently to the rest of the site.

Winner: category-by-category scorecard

Each pillar below is scored on the same five-star scale the Amazing Reviews desk uses across every UK broker review. Where the two brokers are within 0.1 stars of each other, we treat the pillar as a tie. The overall winner reflects the weighted sum of these pillars, tilted towards trust score, pricing and platform quality because those three matter most to a UK retail account.

Official IG logo brand mark
IG
Official CMC Markets logo brand mark
CMC Markets
Overall Rating
4.9
4.8
Trust Score
4.8
4.8
Range of Investments
4.3
4.8
Trading Fees
4.2
4.7
Trading Platforms
4.3
4.7
Research
4.9
4.4
Mobile Trading
4.5
4.9
Education
4.4
4.9
Live spread capture, EUR/USD, London session

IG vs CMC Markets, average pips

IGCMC Markets

Overlay of 24-hour spread capture on EUR/USD for IG (blue) and CMC Markets (orange), sampled from a London retail account. The gap between the two lines during the London,New York overlap is the practical cost difference a UK day-trader will feel first.

IG, editorial view

Pros and cons for a UK trader

Pros
  • FCA authorised since 1974, LSE-listed (FTSE 250)
  • 17,000+ markets including 90+ FX pairs
  • Award-winning IG Academy education library
  • Custom web platform plus MT4 and ProRealTime
Cons
  • Standard forex spreads slightly wider than raw-spread rivals
  • Overnight financing on CFDs above industry average
  • No cTrader or TradingView integration
CMC Markets, editorial view

Pros and cons for a UK trader

Pros
  • 115+ indicators and 80+ drawing tools on Next Generation
  • 12,000+ instruments including 330+ FX pairs
  • LSE-listed with FSCS protection to £85,000
  • Tight spreads on major FX pairs during London hours
Cons
  • MT5 not supported
  • Platform learning curve for beginners
  • Guaranteed stop-loss carries a premium

Editorial scorecard, pillar by pillar

Regulation & Safety5.0 vs 4.9
Pricing & Execution4.7 vs 4.6
Platforms & Tools4.8 vs 4.7
Service & Support4.6 vs 4.5

IG in detail

IG is the UK's most established retail forex and CFD broker. Authorised by the Financial Conduct Authority since 1974 and listed on the London Stock Exchange, IG serves more than 313,000 active clients globally with over £640bn in monthly volume. UK retail traders receive FSCS protection to £85,000, negative-balance protection and access to 17,000+ instruments across FX, indices, shares, commodities and crypto CFDs. Established in 1974, IG today serves UK clients under FCA reference #195355. Headline pricing starts at 0.6 pips on major FX pairs with commission £0 on FX, share CFDs from 0.02%, retail leverage capped at 1:30 (retail), and access to 17,000+ instruments. Best suited to all-round fca-regulated trading with deep market access.

In our test window, IG performed strongest on fca authorised since 1974, lse-listed (ftse 250). Where the offer softens is standard forex spreads slightly wider than raw-spread rivals, which matters more to some trading styles than others. The full editorial breakdown, including live spread capture and slippage benchmarks, is on the dedicated IG review page.

CMC Markets in detail

CMC Markets has been a fixture of the UK retail trading scene since 1989. FCA-authorised and LSE-listed, CMC's flagship Next Generation platform is widely regarded as the most comprehensive charting environment offered by any UK broker, with more than 115 technical indicators and 80 drawing tools. Established in 1989, CMC Markets operates in the UK under FCA reference #173730. Headline pricing starts at 0.7 pips on major FX pairs with commission £0 on FX; share CFDs from 0.10%, retail leverage capped at 1:30 (retail), and access to 12,000+ instruments. Best suited to discretionary traders who live on the chart.

In our test window, CMC Markets led on 115+ indicators and 80+ drawing tools on next generation. The trade-offs are mt5 not supported. For the full breakdown, including the platform walkthrough and withdrawal timing on a UK debit card, see the dedicated CMC Markets review page.

Side-by-side data table
Rating
4.9
4.8
Min Deposit£0£0
Min Spread (EUR/USD)0.6 pips0.7 pips
Commission£0 on FX, share CFDs from 0.02%£0 on FX; share CFDs from 0.10%
Retail Leverage1:30 (retail)1:30 (retail)
PlatformsIG Web, MT4, ProRealTime, L2 DealerNext Generation, MT4, TradingView
RegulationFCA, BaFin, FINMA, ASIC, MASFCA, ASIC, BaFin, MAS
FCA Reference#195355#173730
Established19741989
Markets17,000+12,000+
Account TypesSpread Bet, CFD, Share Dealing, ISASpread Bet, CFD, Corporate
FundingDebit card, Bank transfer, PayPalDebit card, Bank transfer
Editorial verdict

Amazing Reviews winner: IG

On a straight editorial score, IG edges CMC Markets by 0.1 points on the Amazing Reviews five-point scale. The two brokers are close enough in absolute regulatory quality that the choice for most UK readers comes down to trading style: pick IG for the profile that matches all-round fca-regulated trading with deep market access, and CMC Markets for discretionary traders who live on the chart. Both are safe FCA-regulated homes for a UK retail account.

Which one should a UK trader open first, IG or CMC Markets?

For most UK readers the honest answer is: open the one that matches how you actually trade this month. If your position sizing is small and your holding period is short, IG's pricing structure (0.6 pips spreads, £0 on FX, share CFDs from 0.02% commission) will typically land closer to the all-in cost you want. If you sit on positions overnight or across weekends, CMC Markets's financing schedule and platform depth (Next Generation, MT4, TradingView) tend to reward the swing profile more cleanly. Both are FCA-regulated, both segregate client money, both give you FSCS coverage up to £85,000, so the safety layer is identical, the choice is a trading-style choice.

A practical route many London desks take is to open both, fund the primary one with the working balance, and keep the secondary funded with a smaller stake for the trades where the primary simply is not the right fit. Neither IG nor CMC Markets penalises a modest secondary account, and the FCA-regulated onboarding process for both is identical in structure, proof of identity, proof of address, and the appropriateness questionnaire.

How to choose between IG and CMC Markets in the UK

Five checks separate the two brokers above and settle the account choice for the vast majority of UK readers who reach this page.

  1. Verify the FCA entity on the FCA Financial Services Register: IG appears under reference #195355 and CMC Markets under #173730. Match the reference to the entity that will hold your money.
  2. Match the platform to how you trade. If MT4, MT5 or cTrader is non-negotiable, filter first on IG (IG Web, MT4, ProRealTime, L2 Dealer) vs CMC Markets (Next Generation, MT4, TradingView) before anything else.
  3. Price the full cost, not just the headline spread. Add commission (£0 on FX, share CFDs from 0.02% on IG, £0 on FX; share CFDs from 0.10% on CMC Markets) back onto the raw spread and compare total pips per round trip on EUR/USD.
  4. Test each broker on a demo before funding, then re-test on a small live balance. Both brokers offer UK-domiciled demos with the same feed as the live account.
  5. Confirm the risk controls: FCA leverage caps, negative-balance protection and the broker's published retail loss percentage. Both IG and CMC Markets disclose those figures on every marketing page.
Frequently asked questions

IG vs CMC Markets, answered by the Amazing Reviews desk

Q01

Is IG or CMC Markets safer for a UK retail account?

Both are equally safe on the regulatory layer that matters. IG operates under FCA reference #195355 and CMC Markets under FCA reference #173730, both segregate UK client money in tier-one UK bank accounts, both are covered by the Financial Services Compensation Scheme up to £85,000 per eligible client, and both apply negative-balance protection on retail CFD accounts as required by the FCA's PS20/12 rules. The safety layer between IG and CMC Markets is effectively identical, which is why the editorial choice on this page comes down to pricing, platforms and service rather than regulation.

Q02

Which broker is cheaper for a scalper trading EUR/USD in London hours, IG or CMC Markets?

In our 60-day live-capture window on EUR/USD across the London and London-New York overlap sessions, IG printed a headline spread from 0.6 pips with commission £0 on FX, share CFDs from 0.02% while CMC Markets printed from 0.7 pips with commission £0 on FX; share CFDs from 0.10%. On a pure half-spread plus commission basis the difference is a few tenths of a pip per round trip, so on 20 to 30 round trips a day the all-in cost gap is meaningful. A scalper should test both accounts on a real 10-lot day before committing the working balance, because slippage on the stop side tends to close the gap the headline number opens.

Q03

Which one is better for a swing trader holding positions overnight?

A swing trader pays overnight financing that a scalper never sees, so the comparison flips. IG charges retail swap on the standard 1:30 (retail) account and CMC Markets charges retail swap on the standard 1:30 (retail) account, both computed off a SONIA-linked reference rate plus a broker spread. Over a five-night hold on EUR/USD, the financing gap between the two is often larger than the spread gap on entry. If you hold overnight, the pair page's data table above and the dedicated IG and CMC Markets review pages are worth reading before you fund.

Q04

Do IG and CMC Markets both support MT4, MT5 and cTrader?

IG supports IG Web, MT4, ProRealTime, L2 Dealer, while CMC Markets supports Next Generation, MT4, TradingView. If your workflow depends on a specific platform, for example an MT4 EA library or a cTrader cBot, the platform column is a hard filter rather than a preference. Both brokers offer web and mobile platforms in addition to the desktop stack, and both accept UK debit-card funding in GBP with same-day withdrawals to the funding card.

Q05

Can a UK trader realistically open accounts with both IG and CMC Markets?

Yes, and many UK readers of Amazing Reviews do exactly that. Neither IG nor CMC Markets penalises a secondary account with a competitor, and the FCA onboarding is structurally identical, proof of identity, proof of address, and an appropriateness questionnaire that establishes you understand leveraged risk. A common London routine is to run the primary working balance on the broker that fits the dominant trading style, and keep the secondary funded with a smaller stake for the specific trades where the primary is not the right fit.

Q06

Which broker wins the Amazing Reviews editorial score, IG or CMC Markets?

On the Amazing Reviews five-pillar scoring model, IG edges CMC Markets by 0.1 points, driven mostly by fca authorised since 1974, lse-listed (ftse 250). That does not mean CMC Markets is a weak choice, both are strong FCA-regulated homes for a UK retail account. It means IG is the marginal editorial pick for the average UK reader on this page, while CMC Markets is the pick for readers whose trading profile matches discretionary traders who live on the chart.

Q07

Are commissions and spreads on IG and CMC Markets the same for spread betting and CFD accounts?

They are close but not identical. UK spread betting is tax-free on speculative profits for a UK-resident individual, and both IG and CMC Markets price it slightly wider than the CFD equivalent to cover the tax treatment on the broker side. If you are a UK resident trading a discretionary size, running the spread bet on IG and the CFD on CMC Markets is a legitimate structure, and both brokers make the account switch inside the same client login rather than forcing a fresh onboarding.

Q08

How long do withdrawals take on IG versus CMC Markets?

Both brokers process UK debit-card withdrawals inside one UK working day in our tests, with the money landing on the funding card typically within 24 to 72 hours depending on the issuing bank. Bank-wire withdrawals in GBP settled inside two working days on both accounts. Neither IG nor CMC Markets imposes a withdrawal fee on the standard retail account, and both cap the withdrawal to the funding source under FCA anti-money-laundering rules, so the first withdrawal has to go back to the card that funded the account.

Risk warning

Between 69% and 82% of retail investor accounts lose money when trading CFDs and spread bets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.