ETX Capital vs USGFX Comparison

Compare ETX Capital vs USGFX

ETX Capital vs USGFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$100MT4, MT560+ASIC

ETX Capital vs USGFX Comparison

Both brokers offer MT4. ETX Capital also has a web trader which can offer a relatively large number of markets to trade either as CFDs or in the UK, spread betting products. USGFX also provides MT5. On MT4, ETX Capital has less markets, but still more than USGFX. However, for the STP/ECN broker, USGFX has a competitive number of markets.

ETX Capital is FCA regulated in the United Kingdom. USGFXis regulated by the ASIC in Australia.

Similarity

Both offer MT4.

Difference

USGFX offers STP/ECN trading and MT5, ETX Capital offers many more markets on its web trader and apps.

Quick summary

Both brokers support automated trading on MT4. Each supports discretionary trading (MT4 and MT5 can be used for trading where the trader makes decisions, and USGFX provides trading signals tools to help this kind of trading). However on its web trader, ETX Capital has many more markets to trade.

Minimum deposit and account types

The minimum deposit for ETX Capital is $/€/£100. The minimum deposit for USGFX is $100.

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • On ETX TraderPro, ETX Capital offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities, Bonds, ETFs, IPOs and Interest Rates, with 5000+ available.
  • On MT4, ETX Capital offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities and Bonds, with 200+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

Cryptocurrency CFDs

  • ETX Capital provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).
  • USGFX offers Bitcoin.

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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

The maximum leverage for ETX Capital is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • ETX Capital does not charge commissions, except for Shares CFDs.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

Both brokers offer MT4. ETX Capital additionally provides its ETX TraderPro web trader and apps. USGFX offer as well MT5.

Comparison summary

  • Both brokers offer CFD trading
  • ETX Capital also offers spread betting in the UK
  • Each supports trading automation with MT4
  • On its web trader, ETX Capital can offer many more markets
  • On MT4, the number of markets is more comparable, though ETX Capital has more
  • USGFX has a competitive number of markets for an STP/ECN broker
  • Both are regulated

Search this site

Translate