ETX Capital vs IC Markets Comparison

ETX Capital vs IC Markets Broker Comparison

ETX Capital vs IC Markets
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$200MT4, MT5, cTrader230+ASIC

ETX Capital and IC Markets Comparison

IC Markets is an ECN broker. ETX Capital offers CFD trading and spread betting. IC Markets can provide both low spreads with a commission charge and spreads without a commission charge. ETX Capital can provide more individual markets to trade (on MT4 and its web trader), but IC Markets has a competitive number for an ECN broker.

Both brokers offer MT4, but IC Markets also provides MT5 and cTrader. While IC Markets offers a web trader based on MT4, ETX Capital provides its ETX TraderPro platform. ETX Capital is FCA regulated in the United Kingdom, while IC Markets is ASIC regulated in Australia.

Quick comparison

ETX Capital offers a relatively large number of markets on its web trader and less on MT4. IC Markets has less markets overall, but is an ECN broker offering MT4, MT5 and cTrader.

Discretionary and automated trading support

Both of these brokers support automated trading with MT4. IC Markets additionally provides MT5 and cTrader, which are optimised for ECN trading in particular. In terms of discretionary trading, where the trader makes the trading decision, all these platforms support this kind of trading, but ETX Capital's web trader can be seen as optimised to some extent for this, particularly given the number and range of markets it offers.

Minimum deposit and account types

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

  • 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.
  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Data Centres.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions.
  • IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.

Markets

  • ETX Capital offers 5000+ on ETX TraderPro, covering Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, Bonds, ETFs, Metals, IPOs and Interest Rates.
  • ETX Capital offers 200+ on MT4, covering Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks.
  • IC Markets offers 100+ on MT4, covering Forex, Indices, Energy, Soft Commodities, Cryptocurrencies and Precious Metals.
  • IC Markets offers 230+ on MT5, covering Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Precious Metals, Stocks, Bonds and ETFs.

Cryptocurrency CFDs

  • ETX Capital provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (for CFD trading or spread betting).
  • IC Markets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Namecoin, Emercoin, Peercoin and EOS.

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 IC Markets are variable and are from -0.3 (on cTrader) with an average of 0.1 for EUR/USD, from 1 for UK100, 0.3 for Gold, and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1, with an average of 1.1.

The maximum leverage for ETX Capital is . The maximum leverage for IC Markets is 500:1.

Commissions

  • ETX Capital does not charge commissions, except for CFD Shares trading (which are from 0.1%).
  • IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTrader account charges a commission of $3 per 100,000 USD traded per side.

Platforms

ETX Capital offers MT4 and its ETX TraderPro platform. IC Markets offers MT4, MT5, cTrader and a web trader based on MT4.

Comparison summary

  • ETX Capital provides CFD trading and spread betting
  • IC Markets offers ECN trading
  • IC Markets can provide very low spreads with a commission charge
  • ETX Capital can offer tight spreads without a commission charge
  • ETX Capital offers more individual markets and a wider range of markets
  • IC Markets provides a competitive number and range of markets for an ECN broker
  • Both brokers offer MT4, IC Markets also provides MT5 and cTrader
  • ETX Capital offers its ETX TraderPro platform
  • ETX Capital is FCA regulated, IC Markets is ASIC regulated

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