CMC Markets vs Bingx: Fees, Security, Features & Which to Choose (2025)

Trying to choose between CMC Markets and Bingx This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 3, 2025

CMC Markets

Bingx

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Available Countries

United States

Europe

Yes

Latin America

India

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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CMC Markets is ideal if:

Designed for experienced derivative traders, especially those who value advanced customization and powerful analytical tools across multiple platforms.
Ideal if you seek a highly regulated, globally trusted provider with deep sector expertise and mature infrastructure.
Great choice for anyone wanting access to a wide spectrum of tradable instruments and rich educational resources in one robust ecosystem.

Bingx is ideal if:

Social or copy traders: You’ll benefit from one of the most robust copy-trading ecosystems in crypto, with transparent trader metrics and automated execution tools.
Beginners needing ease and tools: The platform combines a clean, intuitive interface with demo trading, grid bots, and straightforward guidance—designed to ease newcomers into crypto trading.
Leverage and derivatives users: Advanced traders get access to high leverage (up to 125×), diverse derivatives beyond crypto (like forex, indices, commodities), and TradingView-style analysis features.

CMC Markets isn’t ideal if:

Bingx isn’t ideal if:

You want direct fiat trading or card support: If you prefer depositing and withdrawing fiat currencies directly, this may be a drawback—BingX relies heavily on third-party or stablecoin conversions rather than full fiat integration.
You need full support in heavily regulated markets: Residents of countries like the US, UK, or Canada may not be able to access the platform due to local restrictions or compliance policies.
You expect phone-based customer support: Support options are limited to email and live chat, so if you need voice assistance, this platform may fall short for your needs.

Fees & Total Costs

Spot Maker/Take

CMC Markets does not operate a traditional maker/taker fee structure or tiered volume discounts and does not offer any cost reductions tied to a native token.

Most major spot pairs carry a flat maker-and-taker rate of around 0.1 %, though less liquid or niche tokens may incur slightly higher rates up to 0.15 %, and VIP levels or usage of the native token can unlock discounts.

Futures/Derivatives

CMC Markets provides CFDs and spread bets on derivatives, but it does not publish distinct maker/taker pricing or funding rates as you’d find on crypto futures exchanges.

Perpetual futures typically cost about 0.02 % for makers and 0.05 % for takers, plus a funding rate that updates roughly every eight hours and can swing depending on market imbalances.

Average Spreads on Liquid Pairs

For major crypto pairs like Bitcoin and Ethereum, the platform offers relatively tight spreads—even for top-tier tokens—thanks to aggregated pricing feeds and fast execution.

For top-tier pairs like BTC/USDT and ETH/USDT, the spreads are very tight, reflecting strong liquidity and efficient execution in the order book.

Fiat Deposits & Withdrawals

Users can fund their account via bank transfers or cards; processing times vary by method, and while there may be standard processing delays, no explicit deposit or withdrawal fees are highlighted.

Users must rely on third-party services (like MoonPay or Mercuryo) or P2P methods for fiat funding; BingX itself doesn’t charge fees, but providers may, and processing times vary by method and geography.

On-chain Withdrawals

CMC Markets does not support direct withdrawals to crypto wallets, so there are no on-chain network fees—either fixed or dynamic—to consider.

Crypto withdrawals are charged a flat network-based fee per token—e.g., approximately 0.0005 BTC, 0.005 ETH, or 1 USDT (TRC-20)—subject to variation based on congestion and blockchain conditions.

Hidden Costs

While the platform primarily centers on spreads and overnight costs, indirect expenses may include currency conversion margins or potential costs if accounts go dormant, though these are not prominently marketed.

Additional costs may include a 0.2 % currency conversion fee when depositing in a different fiat than your account base, possible inactivity or express KYC fees in rare cases, and variable third-party fees on fiat rails.

Real-World Cost Example: “€500 BTC

If you purchased €500 worth of Bitcoin through CMC Markets via CFDs, your effective cost would stem from the spread on the BTC position; since direct crypto ownership and withdrawals aren’t offered, you wouldn’t incur any separate withdrawal costs—just the cost implied by spread and position closure.

In this scenario, you’d face the spot trading fee (~0.1 %), a small spread on BTC/USDT, any conversion fee if deposited in euros (~0.2 %), and the fixed network withdrawal fee to take BTC off the platform.

Crypto Offering & Trading Features

Number of Coins & Pairs

CMC Markets offers CFDs on more than 35 cryptocurrencies—including Bitcoin, Ethereum, Litecoin, XRP, meme coins, and newly added altcoins—though it doesn’t show distinct listings for “top 20 by volume.” Their platform also provides indices that bundle both major and emerging crypto for broader exposure.

BingX supports over 1,000 cryptocurrencies across more than 1,000 trading pairs, with the top-20 pairs by volume heavily featuring mainstream assets like BTC/USDT, ETH/USDT, SOL, XRP, DOGE, ADA, LINK, and TRX.

Product Range

All crypto offerings come exclusively as leveraged derivative CFDs or spread bets; there’s no true spot crypto, no futures/perps, options, ETFs, staking, lending, copy-trading, grid bots, or automated DCA tools available.

The platform covers a full spectrum of instruments—spot trading, margin, perpetual futures (perps), copy trading, grid bots, staking, wealth products, lending/loans, and promotional staking, though it doesn’t currently offer options or crypto ETFs.

Liquidity

While CMC doesn’t disclose specific 24-hour volumes or depth metrics, its aggregated pricing across multiple sources ensures consistently deep, responsive liquidity, especially for BTC and ETH.

BingX regularly sees multi-billion-dollar 24 h trading volume, with a deep order book on major pairs like BTC and ETH ensuring tight spreads and swift execution even amid market swings.

Tools

The platform supports advanced trading features, including limit, stop, and OCO orders, real-time alerts, rich charting tools (including native TradingView integration), and robust API and WebSocket access for automated trading.

Traders can access a comprehensive toolkit

Geographic Restrictions by Product

Certain products like CFDs and spread bets are unavailable in jurisdictions that ban them—such as the U.S.—meaning crypto derivatives are accessible only in regions where CFD trading is permitted under local regulation.

Certain advanced products—especially derivatives and copy trading—may be unavailable or restricted in jurisdictions like the US, UK, and Canada due to regulatory constraints.

Innovation

CMC Markets does not offer crypto-focused innovation services like launchpads, launchpools, or flexible/locked staking; its emphasis remains on delivering traditional CFD-based trading experiences rather than DeFi-style earn mechanisms.

BingX stands out with its Launchpad and Launchpool programs for new token access, plus flexible vs. locked staking options, making it attractive for users aiming to participate in early-stage token launches.

Security, Regulation & Custody

Operating Entity & Jurisdiction

CMC Markets plc, founded in 1989 and headquartered in London, operates globally with regional subsidiaries under local regulatory oversight.

BingX is operated by BingX Group, established in 2018, with headquarters in Singapore and branch offices across the EU, Australia, and Hong Kong, serving a global user base.

Licenses/Registration

The firm holds multiple high-tier licenses—including from the UK’s FCA, Germany’s BaFin, Australia’s ASIC, Singapore’s MAS, and Canada’s CIRO—providing broad regulatory coverage.

The platform holds Money Services Business (MSB) registrations in the United States and Canada, demonstrating regulatory compliance for digital asset and FX services in those regions.

Custody

Client deposits are segregated in reputable banks and undergo daily reconciliations and annual audits, though no public proof-of-reserves or cold storage percentages are provided.

BingX entrusts custody to a combination of its own infrastructure and bank-grade systems, stores around 90 % of assets in cold wallets, publishes Proof of Reserves reports (typically bi-monthly), and undergoes independent audits by third parties.

Insurance & Protection Funds

Eligible retail clients benefit from compensation schemes such as the UK’s FSCS and Canada’s CIPF, alongside negative balance protection, where applicable.

A dedicated Shield Fund exists to safeguard users from extreme volatility and leveraged position failures, complementing the security infrastructure.

Incident History

CMC Markets has a clean cybersecurity record with no reported hacks or major incidents, though it faced legal scrutiny over CFD practices in Australia and regulatory breaches in past years.

In September 2024, BingX experienced a hot-wallet breach resulting in significant asset loss, after which it restored operations fully and launched the “ShieldX” security enhancement program.

Risk Controls

The platform offers strong security features including two-factor authentication (via app or SMS, required for withdrawals), encrypted data, anti-fraud mechanisms, and secure API access.

Users benefit from robust controls including mandatory two-factor authentication (2FA) via email, phone, or authenticator apps, optional fund-password separation, anti-phishing codes, withdrawal whitelists, account locking, AI-augmented withdrawal reviews, and granular API and sub-account permissions.

Transparency

CMC Markets provides regular reporting on execution quality and fund segregation, but does not publish public wallet addresses or formal SLA guarantees.

The platform provides periodic Proof of Reserves disclosures, engages in regular security audits and penetration testing, and offers enhanced monitoring via ShieldX infrastructure, though public wallet addresses or formal SLA documents are not prominently featured.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

CMC Markets accepts deposits via bank transfer, credit/debit cards, and sometimes e-wallets; card deposits can go up to around $50,000 per transaction (depending on card issuer), while bank limits depend on your bank, and funds are typically available almost instantly for cards or on the next business day for bank transfers.

BingX accepts fiat deposits via bank transfers (such as SEPA or local rails), credit/debit cards, and e-wallets; daily and monthly limits vary by KYC level—unverified users face tighter limits, while advanced-verified accounts enjoy unlimited access—and deposit times range from instant to a few business days depending on the method and region.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

You must complete identity verification before trading; while CMC does not publish tiered verification levels or trading limits, verification is mandatory for full access and withdrawal capabilities.

BingX offers tiered KYC—Unverified, Basic, and Advanced—with gradually increasing deposit and withdrawal limits; for example, unverified users have modest caps, Basic KYC allows mid-tier limits, while Advanced KYC unlocks unlimited usage and fiat features like launchpad access.

Withdrawals

Withdrawals are possible via card, bank transfer, or PayPal (where available); there’s a daily cap (e.g., ~$40,000 to card, up to €10,000 to PayPal), unlimited withdrawals to registered bank accounts, and typical processing ranges from same-day to a few business days; direct crypto withdrawals (TRC20/ERC20/BEP20) are not supported.

limits, times, and networks

Customer Support

CMC Markets provides support through email, phone, and live chat (operating during business hours), supported by a rich knowledge base—response times vary but generally align with office hours.

BingX provides 24/7 support via live chat (web/app) and email, backed by a comprehensive Help Center; response times are generally prompt, and they regularly upgrade their support system to enhance reliability.

Languages & Localization

Services are localized across regions—platforms often display in local languages (including native Spanish where available), show pricing in local fiat (€, etc.), and operate under applicable local regulations.

The platform supports multiple languages (English, Spanish, French, etc.) and displays fees in fiat like EUR or USD depending on user region; Turkish support was removed recently due to regulatory changes, but localization remains robust overall.

App Quality & Stability

The mobile and desktop apps are regularly updated and known for robust stability, with very low crash rates reported, though exact metrics aren’t published—users generally report smooth and reliable performance.

Experience, Performance & Ecosystem

UX/UI

CMC Markets’ flagship interface, Next Generation, is feature-rich and award-winning, offering saved layouts and module linking for efficient navigation; while there’s no explicit “Lite” mode, their platforms cater to both seasoned traders (via advanced tools and customizable dashboards) and those who prefer a streamlined setup.

While there’s no official crash-rate metric, users frequently report occasional app crashes or performance hiccups on both Android and iOS; BingX recommends keeping the app updated, clearing cache, and restarting it to mitigate such issues.

Performance

Their co-located London data centers and proprietary API connectivity deliver low-latency order execution—even under high loads—though occasional freezing or slippage can happen during peak volatility; KYC processing tends to follow regular timing without widespread reports of long queues during market surges.

Order latency is generally low, ensuring quick fills even under normal market conditions, though performance can slow slightly during volatile spikes; KYC queues may grow during bull runs, causing temporary delays before trading access is granted.

Education

CMC Markets offers a rich education suite including video guides, platform tutorials, webinars, and articles, plus a risk-free demo account that stays active indefinitely and supports strategy testing—with materials often localized, including Spanish-language versions in select regions.

Users enjoy access to a built-in academy with tutorials, demo trading and simulator features to practice risk-free, as well as educational materials increasingly available in Spanish, though the depth varies by content.

Community

The platform includes an integrated trading forum where users can share strategies and sentiment, however CMC does not officially promote Discord or Telegram channels, and while referral programs may exist regionally, they’re not prominently advertised.

There’s an active official presence across forums, Telegram, and occasionally Discord, supported by a referral program that rewards users for bringing in new traders—this community dynamic enhances learning and engagement.

Integrations

Users benefit from native TradingView-grade charting and pattern tools, plus API/WebSocket access for third-party automation, although there’s no direct integration with tax-reporting or portfolio accounting platforms.

The platform integrates with TradingView for advanced charting, supports external trading bots, and works with third-party tax and accounting tools—simplifying strategy execution and post-trading record-keeping.

Who Each One Is Best For

The platform is ideal for analytical, advanced traders who value deep charting tools, customization, and learning resources; it may be less suited to those seeking social trading, mobile-first simplification, or integrated accounting and bot ecosystems.

The interface’s dual mode suits both beginners (Lite) and seasoned traders (Pro); the robust ecosystem and tools make it especially attractive for users focused on social trading, automated strategies, and efficient workflow integration.