ETX Capital vs FXOpen Comparison

ETX Capital vs FXOpen Comparison

ETX Capital versus FXOpen
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$300MT465+FCA, ASIC, FSRC

ETX Capital and FXOpen Comparison

Both of these brokers support both discretionary and automated trading, offering MT4. ETX Capital also provides a web trader and apps. ETX Capital is a CFD and spread betting broker. FXOpen offers CFD trading, and is an ECN broker. Thus, FXOpen can offer low spreads plus a commissions charge, while ETX Capital does not charge commissions except for Shares CFDs. However ETX Capital can offer tight variable spreads, without a commission charge.

As an ECN broker, FXOpen offers considerably less markets than ETX Capital (which has a relatively large number, compared with other brokers). On MT4, ETX Capital offers less markets than on its ETX TraderPro platform, but still more than FXOpen. FXOpen offers high speed order execution on MT4, though ETX Capital can also provide fast order execution on MT4.

Each has a range of cryptocurrencies available to trade, however FXOpen can offer more. Both are regulated by the FCA in the United Kingdom. FXOpen is additionally regulated by the ASIC in Australia and the FSRC in Nevis.

Quick comparison

ETX Capital offers many markets to trade, a web trader and with less markets, MT4. FXOpen is an ECN broker with MT4.

Account types and minimum deposit

The minimum deposit for ETX Capital is $/€/£100. The minimum deposit for FXOpen is €/$300 or £200.

  • ETX Capital 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.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • On ETX TraderPro, ETX Capital offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities, Cryptocurrencies, ETFs, IPOs, Bonds and Interest Rates, with 5000+ available.
  • On MT4, ETX Capital offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities, Cryptocurrencies and Bonds, with 200+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.

Cryptocurrency CFDs

  • ETX Capital provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple (as a CFD or for spread betting).
  • FXOpen offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, DASH, IOTA, Ethereum Classic, NEO, EOS, Monero, Namecoin, Peercoin, Emercoin and OMNI.

Platform

ETX Capital and FXOpen both offer MT4. ETX Capital additionally provides ETX TraderPro (web trader and apps).

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.
  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.

The maximum leverage on ETX Capital is . The maximum leverage for FXOpen (FCA regulated) is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • ETX Capital does not charge commissions, except for Shares CFDs.

Comparison summary

  • ETX Capital offers CFD trading and spread betting
  • FXOpen offers CFD trading
  • FXOpen is an ECN broker
  • Both provide MT4
  • ETX Capital additionally offers ETX TraderPro (a web trader and apps)
  • ETX Capital can provide more markets on both platforms, than FXOpen
  • FXOpen uses Equinix infrastructure, for high speed order execution
  • Both provide a range of Cryptocurrency CFDs, though FXOpen can offer more
  • Both are FCA regulated

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