Compare eToro vs ETX Capital

Compare eToro vs ETX Capital

eToro vs ETX Capital Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$100MT4, ETX TraderPro5000+FCA

eToro and ETX Capital Comparison

Both of these FCA regulated companies provide a relatively wide range and number of markets to trade, though ETX Capital can provide more. However ETX Capital and eToro have a different focus. eToro core function is to be a Social Investing Network, which aims to provide social trading to help inform decisions, to the level of automation, with copy trading (if desired). ETX Capital provides platforms and tools to support trading, either discretionary or automated.

In both cases, the trader can trade in a discretionary manner, informed to a greater or lesser extent by the network of traders in the case of eToro and by analysis and other means at ETX Capital (though the trader can also use technical and fundamental analysis to make trading decision at eToro, either from other traders or tools on the platform). The trader can also use automated trading, with MT4 at ETX Capital, using EAs (i.e. robots) and copy trading (at both). Each offers CFD trading, but ETX Capital also provides spread betting. eToro is additionally regulated by the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

eToro offers social and copy trading as well as regular trading on its web trader and apps, while ETX Capital offers a relatively large number of markets to trade on its web trader and apps, and also provides MT4 and in the UK, spread betting.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for ETX Capital is £100.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • ETX Capital offers spread betting and CFD trading. It provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€1,000, T&Cs apply, ETX Capital offers a dedicated account manager, news and updates from Trading Central and a free 8 hour trading course to be taken within 6 months.

Markets

  • eToro offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies, ETFs and Bonds, with 1000+ available.
  • ETX Capital offers Forex, Indices, Energy, Stocks, Metals, Bitcoin, ETFs, Bonds, Interest Rates, Soft Commodities and IPOs, with 5000+ available.

Cryptocurrencies

  • eToro provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.
  • ETX Capital provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple (as CFDs or for spread betting).

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • ETX Capital offers variable spreads on its spread betting and CFD platforms, from 0.6 for EUR/USD, from 1 for the UK100, from 0.4 for Gold, from 0.05 for US Crude Oil and from an extra 0.05% for Shares.

Maximum leverage for eToro is . Maximum leverage for ETX Capital is .

Platforms

eToro offers a web trader, and apps on tablet and mobile. ETX Capital provides MT4 and a web trader (ETX TraderPro) and apps.

Comparison summary

  • Both traders support both discretionary and automated trading
  • eToro supports automated trading with copy trading on its web trader
  • ETX Capital supports automated trading on MT4
  • ETX Capital can provide more markets to trade
  • Both offer cryptocurrencies
  • ETX Capital provides cryptocurrencies as a CFD or for spread betting (the trader does not own the cryptocurrency)
  • eToro offers cryptocurrencies which when bought are owned by the trader (they are not CFDs)
  • Both provide CFD trading, ETX Capital also offers spread betting
  • Each is FCA regulated, eToro is also CySEC and ASIC regulated

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