ETX Capital vs. IronFX - Trading Brokers Comparison

Compare ETX Capital vs IronFX

ETX Capital versus IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$100MT4200+FCA, CySEC, ASIC, FSCA

ETX Capital and IronFX Comparison

Both ETX Capital and IronFX are regulated by the FCA. Additionally, IronFX is regulated by the CySEC, the ASIC in Australia and the FSCA in South Africa. These brokers offer a range of products to trade, however ETX Capital has a large number of Shares to trade as CFDs or spread bet (on its web trading platform), while IronFX has a relatively large number of Forex pairs available and also makes available STP/ECN and zero spreads accounts. Both provide MT4 and web traders. IronFX's web trader is based on MT4, while ETX Capital offers ETX TraderPro (and apps).

Quick comparison

ETX Capital offers a web trader with a relatively large number of markets, and also provides MT4. IronFX has a similar number of markets on MT4, and offers a range of account types, including STP/ECN.

Account types and minimum deposit

Resident of most countries can open accounts with both brokers. However there are some restrictions and neither broker can open accounts for residents of the USA.

  • The minimum deposit is £/$100 for ETX Capital. It provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€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.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manger, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.

Markets

  • ETX Capital offers on ETX TraderPro Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks, Cryptocurrencies, Bonds, IPOs, ETFs and Interest Rates, with 5000+ available.
  • ETX Capital offers on MT4 Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, with 200+ available.
  • IronFX offers Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, with 200+ available.

IronFX offers 120+ Forex pairs, while ETX Capital offers 50+.

Cryptocurrency CFDs

  • ETX Capital offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Platform

ETX Capital provides 50+ technical indicators, IronFX provides 30+ technical indicators (comparing web traders). ETX Capital provides candlestick, HLOC, line, area, plot, cloud, three line break and Heikin-Ashi charts. IronFX provides bar, candlestick and line charts. Both brokers provide MT4.

Both brokers deploy a markets list plus chart based layout (comparing web platforms), but ETX Capital has a more elaborate platform, compared with IronFX's more stripped down web platform (which is based on MT4).

Spreads and leverage

  • ETX Capital offers variable spreads from 0.6 for EUR/USD, 1 for the UK100, 0.4 for Gold and 0.05 for US Crude Oil.
  • The spreads IronFX makes available to traders can vary depending on the account type. The fixed spreads of the Micro Account are 2.2 for EUR/USD and 0.5 for Gold (XAU/USD), but EUR/USD has a fixed spread of 1.6 on the VIP account. The variable spreads for the Micro account are from 1.1 for EUR/USD and from 0.5 for Gold. The variable EUR/USD spread has a low of 0.5 on the VIP account.
  • UK100 on IronFX has a variable spread from 0.8 and US Crude Oil has a variable spread from 0.04. The lowest possible spread for EUR/USD is 0 and for XAU/USD is 0.15, with a commission charge. The Absolute Zero account offers ECN spreads, without a commission charge.

The maximum leverage on ETX Capital is . The maximum leverage on IronFX (FCA or CySEC regulated) is .

Why ETX Capital or IronFX ?

IronFX is an MT4 broker. On its web trader, ETX Capital can offer many more markets to trade, but each offer MT4 and on this platform, they have a comparable number.

Summary

  • ETX Capital offers both CFD trading and spread betting
  • IronFX offers CFD trading
  • Both have MT4, and offer a similar number of markets on this platform
  • ETX Capital also provides ETX TraderPro (web trader and apps) and has many more markets on this
  • IronFX can offer STP/ECN accounts

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