Independent reviews of UK brokers since 1996

CMC Markets vs XTB

CMC Markets or XTB – which is better for UK traders 2026? Compare CMC Markets and XTB in this detailed breakdown of their platforms, features and fees.

CMC Markets vs XTB Comparison Table 2026
CMC Markets XTB
4.7
4.8
CMC Markets is ranked #15 among CFD brokers. XTB is ranked #2 among CFD brokers.
Visit CMC Markets Visit XTB
Founded in 1989, CMC Markets is a reputable broker publicly listed on the London Stock Exchange. It holds authorisation from top-tier regulators such as the FCA, ASIC, and CIRO. The brokerage, which has received multiple awards, boasts a global membership exceeding one million traders. Established in Poland in 2002, XTB caters to over a million clients worldwide. This forex and CFD broker offers a robust regulatory framework, a diverse range of assets, and prioritises trader satisfaction. It provides an intuitive proprietary platform equipped with excellent tools to support aspiring traders.

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Pros
  • CMC Funded launches in October 2026, offering traders a simulated prop-style account of up to $100,000 to demonstrate their skills on CMC’s platform, with broad market access including prediction markets.
  • We upgraded its 'Assets & Markets' rating due to frequent product expansions in 2025 and 2026. These include extended hours for 5,000+ US stocks and ETFs, new share CFDs, certificates, warrants, and fractional shares in certain areas.
  • CMC Markets has introduced an AI News feature. This leverages AI to highlight and summarise market stories instead of executing trades, suggesting the future direction of broker research tools.
  • The brokerage excels with an extensive array of valuable resources, such as pattern recognition scanners, webinars, tutorials, news feeds, and research from reputable sources like Morningstar.
  • CMC provides competitive pricing with narrow spreads and low trading fees, except for stock CFDs. The Alpha and Price+ programmes offer additional benefits for active traders, including discounts on spreads of up to 40%.
  • The CMC web platform offers an excellent user experience, featuring advanced trading chart tools and customisable options, suitable for both novice and seasoned traders. It also supports MT4, MT5, and, from 2025, TradingView.
  • In 2026, XTB expanded its asset offerings and markets. It introduced options trading in Spain and Germany, launched spot cryptocurrencies in select regions, and unveiled Investment Plans 2.0. These enhanced plans now feature more pre-built options, including sectors like Defence, a user-friendly interface, and increased flexibility to mix stocks and ETFs within individual plans.
  • Top-notch customer support, available 24/5, includes a welcoming live chat with response times under two minutes during tests.
  • XTB has raised interest rates on uninvested funds and introduced zero-fee ISAs (for ETFs and real shares, or 0.2% on trades over €100k) for UK clients, offering access to a wide array of markets.
  • The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
  • XTB processes withdrawals swiftly, paying within 3 business days, subject to the method and amount.
  • XTB offers a superb array of educational resources, such as training videos and articles, embedded within the platform to assist traders of all experience levels.
  • Setting up an XTB account is straightforward and fully online, requiring only a few minutes. This simplicity eases new traders into the world of trading.
Cons
  • The CMC Markets app provides a comprehensive trading package; however, its design and user experience lag behind market leaders such as eToro.
  • Although there have been improvements, the online platform still needs further refinement to match the user-friendly trading experience offered by competitors such as IG.
  • A £15 monthly inactivity fee applies after a year of no activity, possibly discouraging casual investors.
  • The research tools at XTB are commendable but have the potential to excel further. Enhancing them with access to top-tier third-party services like Autochartist, Trading Central, and TipRanks would significantly elevate their offering.
  • The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
  • Trading fees are competitive, with average EUR/USD spreads of about 1 pip. However, they are not as low as the most affordable brokers, such as IC Markets. Additionally, an inactivity fee applies after a year.
  • XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
  • It is frustrating that XTB products do not allow traders to modify the default leverage level. Manually adjusting leverage can greatly reduce risk in forex and CFD trading.
  • XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
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
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria) CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, Real shares, Real ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
Mobile Apps
iOS & Android iOS & Android
Trading App
CMC Markets' award-winning app has revolutionised mobile trading. Its modern, customisable interface provides a unique user experience that sets it apart. Enhanced with 25 technical indicators, 15 drawing tools, and a swift, stable trading platform, it is an outstanding option for traders. Each year, XTB's app impresses with its sleek design and clear interface. It's fast, responsive, and full of practical features like integrated sentiment data, market news, economic calendars, and educational content. The intuitive order panel below the chart simplifies trade execution, including take profit and stop loss settings.
iOS App Rating
4.1 4.7
Android App Rating
3.7 4.1
Margin Trading
Yes Yes
Margin Rate
3.0% 4.5%
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
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 Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$15 €/$10 per month after 365 days
Islamic Account
Yes Yes
Account Currencies
  • AUD
  • CAD
  • EUR
  • GBP
  • NOK
  • NZD
  • PLN
  • SEK
  • SGD
  • USD
  • EUR
  • GBP
  • USD
Commodities
  • Cannabis
  • Coffee
  • Copper
  • Gasoline
  • Gold
  • Livestock
  • Natural Gas
  • Nickel
  • Oil
  • Orange Juice
  • Palladium
  • Platinum
  • Precious Metals
  • Silver
  • Soybeans
  • Steel
  • Sugar
  • Wheat
  • Aluminium
  • Cattle
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Lean Hogs
  • Livestock
  • Natural Gas
  • Nickel
  • Oil
  • Palladium
  • Platinum
  • Precious Metals
  • Silver
  • Soybeans
  • Sugar
  • Wheat
  • Zinc
CFD
CMC enables trading of CFDs on over 12,000 assets, including currencies, indices, commodities, shares, ETFs, and treasuries. In 2025, new equities will feature sectors like quantum computing, AI learning, and digital car sales. Enjoy competitive spreads without hidden fees, and leverage the renowned MetaTrader 4 platform. Consistently, CMC stands out as a leading CFD broker. XTB provides an extensive range of CFDs, including forex, indices, commodities, stocks, ETFs, and cryptocurrencies, subject to location. EU and UK clients have leverage up to 1:30, whereas global users and pro traders can obtain up to 1:500. XTB excels in offering valuable resources and tutorials for short-term CFD trading strategies.
Leverage
1:30 (Retail), 1:500 (Pro) 1:30 (Retail), 1:200 (Pro)
FTSE Spread
1 pt 1.8
GBPUSD Spread<
0.9 1.4
Oil Spread
3.5 0.03
Stocks Spread
0.02 0.2%
Forex
CMC offers a broad selection of over 300 forex pairs, featuring tight spreads and quick execution. This exceeds many competitors in currency variety. Their forex indices provide a distinctive and comprehensive method to speculate on major currencies such as USD, EUR, and GBP. XTB offers access to over 70 currency pairs, with competitive spreads averaging about 1 pip for major pairs. Its xStation platform is user-friendly, providing traders with top-tier charting tools, over 30 indicators, and diverse order types to support different strategies and risk management needs.
Assets
300+ 70+
GBPUSD Spread
0.9 1.4
EURUSD Spread
0.7 1.0
EURGBP Spread
1.1 1.4
Currency Indices
  • AUD
  • CAD
  • CHF
  • EUR
  • GBP
  • JPY
  • NZD
  • USD
CMC Markets XTB
Visit CMC Markets Visit XTB
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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money