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Head to head

CMC Markets vs ITBFX

CMC Markets is licensed by FCA in the United Kingdom, BaFin in the European Union, ASIC in Australia, MAS in Singapore, CIRO in Canada, FMA (New Zealand) in New Zealand and DFSA in the United Arab Emirates (DIFC). ITBFX has no licence we could confirm on a regulator's register. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at CMC Markets and $10 at ITBFX. Only CMC Markets offers negative balance protection. Both offer segregated client money.

Facts last checked: CMC Markets on 20 October 2026, ITBFX on 29 October 2026.

CMC Markets profileITBFX profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
CMC MarketsStrictly regulatedRead the profile
ITBFXRead the profile
Comparing
CMC MarketsUnited Kingdom
ITBFX

Overview

Founded
Not yet checked
2017
Headquarters
London, United Kingdom
Rodney Bay, Gros-Islet, Saint Lucia
Official websites
  • cmcmarkets.com
  • cmcinvest.com
  • itbfx.com
  • itbfx.net
Facts last checked
20 October 2026
29 October 2026

Regulation and protection

Company you would contract with
CMC Markets UK plc
No licence listed
Regulator
FCA
United Kingdom
No licence listed
Regulation level
Strictly regulated
No licence listed
Licence number
173730
Check the register
No licence listed
Clients this company serves
UK residents (spread betting, CFDs and FX Active)
No licence listed
All licences held
  • FCA (United Kingdom)
  • BaFin (European Union)
  • ASIC (Australia)
  • MAS (Singapore)
  • CIRO (Canada)
  • FMA (New Zealand) (New Zealand)
  • DFSA (United Arab Emirates (DIFC))
None listed
Segregated client money
Yes
Yes
Negative balance protection
Yes
No
Compensation scheme
FSCS (UK, CMC Markets UK plc clients); other countries have their own schemes or none
None

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Yes

Leverage and margin

Maximum retail leverage
1:30 on major currency pairs (UK and EU retail clients)
Up to 1:500 (ECN account)
Retail leverage by asset class
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs and spread bets: 1:5
  • Forex and metals (Nano): 1:200
  • Forex, metals, indices and crypto (Standard): 1:400
  • Gold and silver (Gold): 1:400
  • Forex, metals, indices, crypto and shares (ECN): 1:500
  • Cryptocurrencies (Crypto): 1:10 to 1:50
  • Shares (Stock): 1:10
Margin call level
Not yet checked
Not yet checked
Stop-out level
50% of margin (UK and EU retail close-out rule)
15% Gold; 20% Nano and Standard; 30% ECN; 40% Crypto and Stock

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • CMC web platform
  • CMC mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
  • MetaTrader 5
Markets
300+ currency pairs on its own platform (175+ on MetaTrader 4), indices, commodities, shares, ETFs, bonds and share baskets as spread bets and CFDs
CFDs on forex, gold and silver, indices, energies, shares and cryptocurrencies
Demo account
Not yet checked
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
Not yet checked
  • Cryptocurrency
  • Local currency exchange services
Withdrawal fee
No charge from CMC for deposits or withdrawals (UK site)
None charged by ITBFX, says its FAQ; the agreement allows a 3% charge, or a refund of deposit fees, if you withdraw without trading
Inactivity fee
£10 a month (or currency equivalent) after a year with no trading, only taken while the account holds money
Up to US$5 a month per account after six months without trading

Support

Customer support
24-hour phone line Monday to Friday (UK)
24/7 by live chat, phone, WhatsApp, Telegram, email and ticket, in Persian, English, Arabic and other languages

Our notes

Strengths
  • Every company we checked holds a licence from a strict or standard regulator, from the FCA to the DFSA
  • UK client money is held in segregated accounts under the FCA's client money rules, with FSCS cover for eligible claims
  • No minimum deposit on the UK site and no charge from CMC for deposits or withdrawals
  • Six account types on MetaTrader 5, with a demo version of each
  • The Nano account opens from $10 and trades in steps of 0.001 lots
  • Swap-free (Islamic) option on request
  • The client agreement says client money is held in segregated accounts
Watch out for
  • Inactivity fee of £10 a month after a year without trading
  • The UK site quotes minimum spreads (from 0.5 pips, or 0.0 pips plus commission on FX Active), not typical spreads, so check live prices before you compare
  • The FCA has warned about clone firms using CMC Markets' details, including ibplatform.info, ib-platform.info, ibplatform.co and marketstradeltd.com
  • Says it is regulated by the Mwali International Services Authority (MISA) but publishes no licence number; we could not confirm a licence on MISA's register on 2026-10-29 (the register sits behind a bot check).
  • The BVI Financial Services Commission's Public Statement 2 of 2020 says www.itbfx.com circulated a forged BVI investment business licence and has never been licensed in or from the BVI.
  • No negative balance protection: the account risk warnings say losses can exceed your deposit, and the agreement makes you pay any shortfall within two working days.
  • The website names International Trading Brachium Ltd (Saint Lucia), while the client agreement names ITB Limited (Seychelles); neither is a licensed firm on any register we checked.

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • CMC Markets: 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, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.
  • ITBFX: Before trading, you should ensure that you’ve undergone sufficient preparation and fully understand the risks involved in margin trading.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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