Compare ETX Capital vs FXTM - Online Brokerage Comparison

Compare ETX Capital vs FXTM

ETX Capital vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$5MT4, MT5200+FCA, CySEC, FSCA, FSC

ETX Capital vs FXTM Comparison

Both of these brokers offer CFD trading accounts. ETX Capital also provides spread betting, while FXTM also offers ECN trading, with low spreads and a commission charge. For both CFD trading and spread betting ETX Capital can offer tight spreads, without a commission charge (except for Shares CFDs).

ETX Capital can provide more markets to trade, on its web trader. Both brokers offer MT4, ETX Capital has less markets than on its web trader, but somewhat more than FXTM.

Both brokers are regulated by the FCA in the United Kingdom, while FXTM is additionally regulated by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

ETX Capital offers a relatively large number of markets on its web trader and a smaller number on MT4. FXTM offers a range of account types including STP/ECN on MT4 and also has MT5.

Minimum deposit and account types

The minimum deposit for ETX Capital is £100. The minimum deposit for FXTM is $5.

  • 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.
  • FXTM offers CFD trading. FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.

Markets

  • ETX Capital on ETX TraderPro offers 5000+, covering Forex, Indices, Energy, Metals, Soft Commodities, Shares, ETFs, IPOs, Bonds and Interest Rates.
  • ETX Capital offers 200+ on MT4, covering Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies.
  • FXTM can offer slightly different numbers of markets for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more markets on the Standard account, with 75+ covering Forex, Indices, Energy and Precious Merals. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs.
  • ETX Capital can offer 60+ Forex pairs, FXTM can offer 55+ Forex pairs.

Spreads and leverage

  • 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.
  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.

Maximum leverage for ETX Capital is . Maximum leverage for FXTM (FCA or CySEC regulated) is .

Commissions

  • ETX Capital does not charge commissions, except for CFD Shares trading (which are from 0.1%).
  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.

Platforms

ETX Capital offers MT4 and a web trading platform (ETX TraderPro) with a range of indicators and chart types. FXTM provides MT4 and MT5 on its MT5 ECN account and a web trader based on MT4. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • ETX Capital is a CFD and spread betting broker
  • FXTM is a CFD broker
  • ETX Capital can provide tight variable spreads
  • FXTM can offer very low variable spreads with a commission charge, and spreads without
  • Both brokers provide MT4
  • While ETX Capital has many more markets on its ETX TradePro platform, they have a similar number on MT4
  • FXTM also provides MT5
  • Both brokers are regulated by the FCA

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