Compare › CMC Markets vs FXTM — Portugal

Written by

Fact checked by

Alia Mehmood

📊

Data verified

September 2026

🌍

Country

Portugal

Complete Head-to-Head Comparison · 2026

CMC Markets vs FXTM: A Factual Comparison for Traders in Portugal

Q: Is CMC Markets regulated for Portuguese traders?

Yes, CMC Markets routes Portuguese clients through its German entity, CMC Markets Germany, regulated by BaFin. It also holds FCA and other top-tier licenses, ensuring compliance with ESMA rules, including negative balance protection.

Q: What is the minimum deposit for FXTM and CMC Markets in Portugal?

FXTM requires a minimum deposit of €10 for its Standard Account and €50 for the Raw Spread Account. CMC Markets has no minimum deposit requirement, but you must fund your account to cover trade margins.

Q: Which broker offers better spreads for forex in Portugal?

CMC Markets offers spreads from 0.7 pips on EUR/USD with no commission on its standard CFD account. FXTM's Raw Spread Account offers spreads from 0.1 pips but charges a commission of $3.50 per lot per side, making CMC more cost-effective for smaller trades.

Which broker is better for Portugal traders in 2026? Expert analysis across 12 categories.

CMC Markets

FCA · ASIC · MAS · Founded 1989

Open Account

FXTM

FCA · CySEC · FSCA · Founded 2011

Open Account

Winner: CMC Markets

Categories: 12 compared

For: Portugal traders

Updated: July 2026

Compare any two brokers

Compare All Brokers in Portugal

Best Forex Brokers Lowest Spread Best Gold Brokers Best Demo Account

Quick Verdict — Portugal Traders

Best Overall

CMC Markets

Higher overall score & more features

Best Spreads

FXTM

Lower trading costs for scalpers

Islamic Accounts

FXTM

Swap-free for Portugal Muslims

Best for Beginners

CMC Markets

Better education & support

$0 vs $50

Min deposit

1:1 vs 1:5000

Max leverage

FCA vs FCA

Top regulator

4.2 vs 3.7

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

Portuguese traders seeking a reliable online broker often weigh CMC Markets against FXTM (ForexTime). Both are well-established international brokers with strong regulatory oversight, but they differ significantly in platform sophistication, trading costs, and account flexibility. This detailed comparison focuses on their offerings for residents of Portugal, covering regulation, spreads, platforms, and account types to help you decide which fits your trading style.

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Overall Scores Comparison

CMC Markets

FCA · ASIC · MAS

4.2

CompareBroker score

Winner

FXTM

FCA · CySEC · FSCA

3.7

CompareBroker score

Trading Costs

Spreads, commissions

4.3

WIN

3.8

Platforms

MT4, MT5, cTrader, TV

3.9

WIN

3.4

Regulation

Safety, oversight

4.5

WIN

4.0

Deposits

Local payments

4.3

WIN

3.8

Customer Support

24/5, chat, phone

4.0

WIN

3.5

Education

Webinars, guides

4.3

WIN

3.8

Execution

Speed, slippage

4.0

WIN

3.8

Mobile App

iOS, Android

4.2

WIN

3.7

💹

Trading Costs - Spreads & Commissions

Instrument	CMC Markets	FXTM	Winner
EUR/USD avg spread	0.09 pips + $3.5/lot	0.0 pips + $3.5/lot	FXTM
XAU/USD (Gold)	$0.14 typical	$0.12 typical	FXTM
GBP/USD avg spread	0.29 pips	0.23 pips	FXTM
Standard acc spread	from 1.0 pips	from 0.8 pips	FXTM
ECN commission	$3.5/lot/side	$3.5/lot/side	Tie
Min deposit	$0	$50	CMC Markets

📂

Account Types Comparison

Account Type	CMC Markets	FXTM
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)	✗	✓
Demo account	✓	✓
PAMM / MAM account	✗	✓
Zero spread account	✗	✗
Copy trading	✗	✓
Min deposit	$0	$50

⚖️

Leverage Comparison - Portugal Traders

Entity / Asset	CMC Markets	FXTM
Portugal (offshore)	Up to 1:1	Up to 1:5000
Forex major pairs	1:1	1:5000
Gold (XAU/USD)	1:200	1:200
Indices	1:100	1:100
Cryptocurrencies	1:2 to 1:10	1:2 to 1:10

Leverage Warning for Portugal Traders

Traders in Portugal typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.

📈

Trading Instruments - Assets Available

Asset Class	CMC Markets	FXTM	Winner
Forex pairs	90+	65+	CMC Markets
Gold (XAU/USD)	✓	✓	Tie
Oil (WTI/Brent)	✓	✓	Tie
Stock indices	25+ indices	20+ indices	CMC Markets
Crypto CFDs	30+	✗	CMC Markets
Stocks / Share CFDs	1,000+	✗	FXTM
ETFs	✓	✗	Tie

🖥️

Platforms Comparison

Platform	CMC Markets	FXTM
MetaTrader 4 (MT4)	✓	✓
MetaTrader 5 (MT5)	✓	✓
cTrader	✗	✗
TradingView	✗	✗
Expert Advisors (EAs)	✗	✓
Scalping allowed	✓	✓
Hedging allowed	✓	✓

⚡

Execution Quality - Speed & Slippage

Factor	CMC Markets	FXTM	Winner
Execution model	ECN/STP	True ECN	FXTM
Avg execution speed	~30ms	~40ms	CMC Markets
Slippage	Very low	Very low	Tie
Requotes	Very rare	Very rare	Tie
Scalping allowed	✓	✓	Tie
EA / Bot trading	✗	✓	Tie

🛡️

Regulation & Safety for Portugal Traders

Safety Factor	CMC Markets	FXTM
Primary regulator	FCA	FCA
Top-tier regulated	✓	✓
Investor protection	✓	✓
Segregated funds	✓	✓
Neg. balance protection	✓	✓

Verify regulation independently

Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Portugal traders may differ by entity.

💳

Deposits & Withdrawals for Portugal

Payment Method	CMC Markets	FXTM
Bank Wire Transfer	✓	✓
Visa / Mastercard	✓	✓
Skrill	✓	✓
Neteller	✗	✓
USDT / Crypto	✗	✓
Withdrawal time	5 business days	24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days.

☪️

Islamic Accounts - Swap-Free for Portugal Muslims

Islamic Account Feature	CMC Markets	FXTM
Swap-free available	✗	✓
Admin fee instead of swap	On some instruments	On some instruments
MT4 / MT5 supported	✓	✓
How to apply	Contact support	Contact support

Islamic Account Note

Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.

💬

Customer Support Comparison

Support Feature	CMC Markets	FXTM	Winner
Live chat	✓	✓	Tie
Phone support	✓	✓	Tie
Email support	✓	✓	Tie
24/7 support	✗	✗	Tie
Response time (chat)	<2 minutes	<3 minutes	CMC Markets

📱

Mobile App Comparison

Mobile Feature	CMC Markets	FXTM	Winner
iOS App Store rating	4.5 stars	4.3 stars	CMC Markets
Google Play rating	4.3 stars	4.2 stars	CMC Markets
Biometric login	✓	✓	Tie
Push notifications	✓	✓	Tie
Full charting on mobile	✓	✓	Tie
TradingView mobile	✗	✗	Tie

📚

Education & Research Tools

Resource	CMC Markets	FXTM	Winner
Video tutorials	100+ videos	50+ videos	Tie
Webinars (live)	Weekly	Monthly	Tie
Economic calendar	✓	✓	Tie
Market analysis	Daily	Basic	CMC Markets

⭐

Real User Reviews - Trustpilot

CMC Markets

☆☆☆☆☆

—

3,200 verified reviews

View on Trustpilot

FXTM

☆☆☆☆☆

—

1,073 verified reviews

View on Trustpilot

⚖️

Pros & Cons of Each Broker

CMC Markets

Pros

+Top-tier regulated

Cons

-No TradingView

-No 24/7 support

FXTM

Pros

+Top-tier regulated

+Islamic swap-free account

Cons

-No TradingView

-No 24/7 support

👤

Who Should Use Which Broker? - Portugal Guide

Choose CMC Markets if you...

Are a beginner trader in Portugal

Want TradingView integration

Have less than $200 to start

Want FCA regulation

Choose FXTM if you...

Are a beginner trader in Portugal

Are a scalper or EA trader

Need PAMM/MAM accounts

Want True ECN regulation

❓

FAQ - CMC Markets vs FXTM in Portugal

Is CMC Markets regulated for Portuguese traders? +

What is the minimum deposit for FXTM and CMC Markets in Portugal? +

Which broker offers better spreads for forex in Portugal? +

Final Verdict - Portugal 2026

CMC Markets wins overall

After comparing 12 categories, CMC Markets comes out ahead for most Portugal traders.

Open CMC Markets Open FXTM

Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of July 2026.

CMC Markets vs FXTM: A Factual Comparison for Traders in Portugal

Quick Verdict — Portugal Traders

Overall Scores Comparison

Trading Costs - Spreads & Commissions

Account Types Comparison

Leverage Comparison - Portugal Traders

Trading Instruments - Assets Available

Platforms Comparison

Execution Quality - Speed & Slippage

Regulation & Safety for Portugal Traders

Deposits & Withdrawals for Portugal

Islamic Accounts - Swap-Free for Portugal Muslims

Customer Support Comparison

Mobile App Comparison

Education & Research Tools

Real User Reviews - Trustpilot

Pros & Cons of Each Broker

CMC Markets

FXTM

Who Should Use Which Broker? - Portugal Guide

Choose CMC Markets if you...

Choose FXTM if you...

FAQ - CMC Markets vs FXTM in Portugal

Final Verdict - Portugal 2026

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