Orbex
CMC Markets
Orbex vs CMC Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Orbex and CMC Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Orbex, founded in 2011 and headquartered in Limassol, Cyprus, is regulated by CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $200. CMC Markets, established in 1989 in London, UK, holds licenses from FCA, ASIC, BaFin with spreads from 0.7 pips and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, CMC Markets scored 8.8/10 overall compared to Orbex's 7/10, making it the stronger pick for most traders. That said, Orbex holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
CMC Markets scores 8.8/10 overall vs 7/10 for Orbex — a 1.8-point difference.
- 💵
CMC Markets requires just $0 to start, while Orbex needs $200 — CMC Markets is 200x more accessible.
- 📈
CMC Markets offers 10,000+ instruments vs 300+ at Orbex — a massive gap in market coverage.
- 🖥️
Orbex runs on MT4, while CMC Markets uses Next Generation, MT4 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Platforms & Tools: CMC Markets scores 9.5 vs 6.5 for Orbex — a 3.0-point difference.
Our Verdict
Orbex
Score: 7.0/10 · Wins 0 categories- You prefer Orbex's trading environment overall
CMC Markets
Score: 8.8/10 · Wins 8 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
CMC Markets takes the lead with an overall score of 8.8/10 compared to 7/10, winning in 8 out of 8 scoring categories. CMC Markets stands out for lower trading costs and better trading platforms, while Orbex remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, CMC Markets comes out ahead with a 8.8/10 overall rating, winning 8 out of 8 categories. Its strongest area is Platforms & Tools where it scores 9.5/10. CMC Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Orbex is not without merit — it scores 7/10 overall and excels in Trading Costs (7.5/10). For a complete breakdown, read our full CMC Markets review and Orbex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
CMC Markets wins by 0.5 points
CMC Markets wins by 3.0 points
CMC Markets wins by 2.0 points
CMC Markets wins by 1.0 points
CMC Markets wins by 1.0 points
CMC Markets wins by 2.0 points
CMC Markets wins by 1.0 points
CMC Markets wins by 3.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.0/10 | 8.8/10 ✓ |
| Min Deposit Lower is better | $200 | $0 ✓ |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.7 pips |
| Platforms | MT4 | Next Generation, MT4 |
| Regulation | CySEC | FCA, ASIC, BaFin |
| Founded Older track record highlighted | 2011 | 1989 ✓ |
| Markets | 300+ | 10,000+ ✓ |
Fees & Costs
When it comes to trading costs, CMC Markets has the edge with a score of 8/10 versus 7.5/10 for Orbex. Orbex offers spreads starting from 0.0 pips, while CMC Markets starts from 0.7 pips. The minimum deposit at Orbex is $200, compared to $0 at CMC Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
CMC Markets scores 9.5/10 for platforms compared to 6.5/10 for Orbex. Orbex provides MT4, while CMC Markets offers Next Generation, MT4. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Orbex is regulated by CySEC (Tier 1), while CMC Markets holds licenses from FCA, ASIC, BaFin (Tier 1). Orbex scores 7.5/10 and CMC Markets scores 9.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, CMC Markets leads with 8/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Orbex and CMC Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Orbex offers 24/5 Live Chat, Email, Phone and scores 7/10, while CMC Markets provides 24/5 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Orbex scores 7/10 for deposits and withdrawals, while CMC Markets scores 8/10. Orbex accepts Bank Transfer, Credit Card, Skrill, Neteller, and CMC Markets supports Bank Transfer, Credit Card, PayPal. Processing times, fees, and available currencies vary. Orbex requires a minimum deposit of $200 versus $0 for CMC Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose CMC Markets if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Orbex better than CMC Markets?
CMC Markets scores higher overall (8.8/10 vs 7/10), winning 8 of 8 categories. However, Orbex remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, Orbex or CMC Markets?
CMC Markets scores higher for trading costs. Orbex offers spreads from 0.0 pips with a $200 minimum deposit, while CMC Markets starts from 0.7 pips with $0 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Orbex safe to trade with?
Orbex is regulated by CySEC and scores 7.5/10 for regulation. CMC Markets is regulated by FCA, ASIC, BaFin with a score of 9.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Orbex or CMC Markets?
CMC Markets scores 9.5/10 for platforms. Orbex offers MT4, while CMC Markets provides Next Generation, MT4. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Orbex vs CMC Markets?
Orbex requires a minimum deposit of $200, while CMC Markets requires $0. CMC Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.