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Comparison Reviews

Comparing CMC Markets and FXNovus
A 2024 Broker Comparison

4.1
VISIT BROKER

Leveraged trading is high risk.
Losses can exceed deposits.

4.3
VISIT BROKER

Leveraged trading is high risk.
Losses can exceed deposits.

Exploring the interesting and vibrant world of online trading, we compare two distinguished brokers: FXNovus and CMC Markets. Our aim is to provide an extensive understanding of these platforms for those looking for the best broker that suits personal needs. Through our brokerage comparison, we will examine various facets such as trading platforms, fee structures, and customer support, giving you insights into what sets each broker apart.

Compare Online Brokers | FXNovus & CMC Markets

FXNovus is an innovative online broker, established in 2020 and regulated by the FSCA of South Africa. It offers a diverse trading experience with access to over 160 CFDs on various assets. The broker is known for its advanced trading platform, zero commission policy, and commitment to data protection and transparency. FXNovus focuses on providing cutting-edge technology and a range of analytical tools to support traders of all experience levels.

CMC Markets, established in 1989, has grown into a leading global provider of CFD and spread betting. It is regulated by the FCA and offers a secure trading environment with client funds protection under the FSCS. The company prides itself on competitive pricing, a wide range of trading opportunities, and an intuitive, award-winning platform. It also provides extensive educational resources and 24-hour (5 days a week) dedicated support to traders.

Both brokers bring distinct strengths to the table, providing valuable options for anyone venturing into online trading.

Key Features of Each Online Broker

Diverse Trading Options

User-friendly Trading Platformss

Low Forex Fees

Strong Regulation

Higher Stock CFD Fees

VISIT BROKER

Broad Asset Range

Personalized WebTrader Interface

One-Tap Order Control Features

Leverage up to 1:400

Regional Restrictions

VISIT BROKER

Tailoring Your Trade with Account to Your Needs

FXNovus offers five distinct account types, catering to a range of trader needs from beginners to experts. Each account comes with unique features like varying spreads and leverage options. The Classic and Silver accounts are ideal for novices, while the Gold and Platinum accounts suit more experienced traders. The VIP account, with its reduced spreads, targets expert traders.

CMC Markets provides mainly two types of accounts: the CFD Account and the Corporate Account. The CFD Account offers access to a vast range of products without a minimum deposit, whereas the Corporate Account mirrors the CFD Account but is designed for corporate entities.

Free Demo Account

Negative Balance Protection

Over 10,000 Products

Free Demo Account

Negative Balance Protection

Leverage of up to 1:400

Trading Platform Comparison – Who is Right For YOU?

CMC Markets FXNovus
Platform WebTrader Next Generation, MetaTrader 4
Social Trading Not available Not available
Listed on a stock exchange
Trading App Mobile-friendly, User-centric Design Highly Intuitive, Easy-to-use Mobile App
Leverage Varies Depending on the Instrument 1:400
Commission No Commission on Deposits Varies, Generally Low for Forex, Higher for Stock CFDs

Choosing the Right Assets for Your Trading Style

When it comes to trading, the variety of assets offered by a broker can significantly impact your trading strategy and style. Let’s compare these two online brokers’ asset offerings to help you choose the right assets for your trading style.

FXNovus stands out with its extensive range of trading assets, providing traders with a diverse selection to explore. They offer access to a wide variety of assets, including over 160 CFD products. Within this range, traders can delve into major, minor, and exotic currency pairs, with more than 45 options available. FXNovus also provides opportunities in precious metals, cryptocurrencies, indices, stocks, and commodities, ensuring traders have a wide variety of choices to diversify their portfolios and adapt to different market conditions.

CMC Markets offers a substantial number of trading products, making it a reliable choice for traders. They provide access to over 330 currency pairs, over 80 global indices, 21 cryptocurrency instruments, more than 100 commodities, and a vast selection of shares from various countries. This extensive asset variety ensures that traders have a wealth of options to suit their specific trading styles and preferences.

SCORECARD SHOWDOWN: CMC Markets vs FXNovus

Market and Products
4.5/5
Trading Platform
4/5
Research and Education
4.5/5
VISIT BROKER
Market and Products
4/5
Trading Platform
4.5/5
Research and Education
3/5
VISIT BROKER

Best Broker for Customer Support

Both FXNovus and CMC Markets recognize the importance of providing assistance to their clients, whether they are experienced traders or newcomers to the financial markets.

FXNovus offers dedicated customer support to address any concerns or inquiries traders might have. Their support team consists of seasoned and friendly professionals who are available five days a week. Traders can reach out via live chat, email, or phone calls. FXNovus is committed to providing prompt and knowledgeable assistance to ensure a smooth and educational trading experience.

Similarly, CMC Markets offers incredible customer support services. While their support is available 24/5, they take pride in their quick response times, with a notable “98% of calls answered in under 20 seconds.” Traders can contact them through email, live chat, or phone, and the support staff is known for being helpful and informative.

All About Regulation

CySEC

FCA

Securities Commission of the Bahamas (SCB)

Financial Sector Conduct Authority (FSCA)

ASIC

Dubai Financial Services Authority

FMA

Strict KYC and AML Procedures

READ REVIEW

Leveraged trading is high risk.
Losses can exceed deposits.

CySEC

FCA

Securities Commission of the Bahamas (SCB)

Financial Sector Conduct Authority (FSCA)

ASIC

Dubai Financial Services Authority

FMA

Strict KYC and AML Procedures

READ REVIEW

Leveraged trading is high risk.
Losses can exceed deposits.

Overall Commissions & Fees Rating

VISIT BROKER

Leveraged trading is high risk.
Losses can exceed deposits.

VISIT BROKER

Leveraged trading is high risk.
Losses can exceed deposits.

Which Broker Company is Best?

Both FXNovus and CMC Markets offer a compelling array of features and services in the competitive world of online trading. FXNovus impresses with its user-friendly approach, innovative trading platforms, and a wide range of assets, making it suitable for traders of all levels. On the other hand, CMC Markets, with its rich history and strong regulatory compliance, provides a diverse selection of trading instruments and a user-friendly trading experience.

Each broker has its own strengths and advantages, catering to different trading preferences and needs. FXNovus stands out with its easy-to-use platforms, while CMC Markets excels in regulatory compliance and educational resources. Ultimately, the choice between the two will depend on individual preferences and trading styles.

Both brokers have received favorable ratings in various categories, making them reputable options for traders looking to embark on their trading journey. It is essential for traders to carefully consider their objectives and priorities when selecting the broker that aligns best with their goals.

Frequently Asked Questions

What is the most reliable broker?

Reliability in a broker is determined by factors such as regulatory compliance, security measures, and a history of trustworthiness. Both FXNovus and CMC Markets have regulatory authorizations and a reputation for reliability, making them solid choices.

How do I find a good broker?

Finding a good broker involves researching and considering your specific requirements. Look for brokers with regulatory licenses, a range of assets you want to trade, competitive fees, and a user-friendly platform. Reading reviews and comparing brokers, like this FXNovus vs. CMC Markets review, can also be helpful. You can also take a look at all our broker reviews here.

How do you know if a broker is good?

A good broker should have regulatory authorization from respected authorities, offer a variety of assets, provide a user-friendly platform, have transparent fee structures, and offer reliable customer support. Reading reviews, checking for client feedback, and researching their regulatory status are all ways to assess a broker’s quality.

Which broker is better for beginner traders?

For beginner traders, both FXNovus and CMC Markets offer user-friendly platforms, comprehensive educational resources, and demo accounts for practice. FXNovus is known for its intuitive interface, while CMC Markets stands out with strong regulation. The choice depends on individual preferences.

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12/02/2024 | 10 Min.

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