ETX Capital versus Plus500 - Compare both Brokers

ETX Capital vs Plus500 Comparison

ETX Capital versus Plus500
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100ETX TraderPro, MT45000+FCA
$100Web Trader & Apps2000+FCA, CySEC, ASIC, FSB, FMA, MAS & IE

ETX Capital and Plus500 Comparison

Both of these are FCA regulated brokers, which offer a range of tools for discretionary trading (i.e. when the trader makes their own decisions and trades on a trading platform). To do this they provide web trading platforms, with associated apps on tablet and mobile (Plus500 also has a desktop download of its platform). Both have a relatively large number of markets to trade, 5000+ for ETX Capital vs 2000+ for Plus500, and a wide range, including Options and Soft Commodities.

Plus500 has a simplified platform layout, which aims to be intuitive. But at the same time it has a relatively wide range of charting tools, including technical indicators. ETX Capital however supports as well automated trading, because it offers MT4 (which has less markets than ETX TraderPro), which allows trading automation with Expert Advisors, and can offer a Virtual Private Server (VPS) for those who wish to trade when their computer is disconnected from the broker (i.e. by automated trading strategies or robots).

Each has a range of cryptocurrencies, which can be traded, but now owned, and therefore require no wallet or other means to store them. ETX Capital is regulated by the FCA in the UK. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

ETX Capital supports both discretionary and automated trading, while Plus500 aims to provide an intuitive trading platform with a wide range of charting tools. Both have a wide range and number of markets, including cryptocurrencies.

Minimum deposit

  • The minimum deposit for ETX Capital is $/£100. It provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€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.
  • The minimum deposit for Plus500 is $/€/£100 or AU$200. Plus500 offers an Economic Calendar on its website covering news events and market effects.

Markets

  • ETX Capital on ETX TraderPro offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks, Cryptocurrencies, Bonds and Interest Rates, with 5000+ available.
  • ETX Capital on MT4 offers Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, with 200+ available.
  • Plus500 offers CFD trading in Forex, Indices, Energy, Metals, Soft Commodities, Stocks, Cryptocurrencies, ETFs and Options, with 2000+ available.

Plus500 offers 2000+ CFDs to trade, ETX Capital offers 5000+ products.

Cryptocurrency CFDs

  • ETX Capital provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).
  • Plus500 provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.

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 and from 0.05 for US Crude Oil.
  • Plus500 offers fixed and variable spreads depending on the instrument.

Maximum leverage on ETX Capital is . Maximum leverage for Plus500 is .

Platform

ETX Capital offers 55+ technical indicators on ETX Trader Pro, Plus500 offers 95+ technical indicators. ETX Capital offers candlestick, HLOC, line, area, plot, cloud, three line break and Heikin-Ashi, Plus500 offers candle, hollow candle, bar, colored bar, line, baseline and mountain charts. ETX Capital offers time frames from tick to 1 month, Plus500 offers time frames from tick to 1 week.

ETX Capital offers MT4 trading, Plus500 does not.

Both brokers have visually clear layouts, ETX Capital uses colors to help create a clear, easy to read platform, and Plus500 uses large fonts and a simplified presentation.

Why ETX Capital or Plus500 ?

Both brokers support discretionary traders, who make their own trading decisions, by providing web traders and apps. Each has a considerable number of markets to trade, though Plus500 has more. ETX Capital also supports automated trading on MT4. Both have CFD trading but in the UK ETX Capital additionally provides spread betting.

Comparison summary

  • Both offer CFD trading
  • ETX Capital also provides spread betting
  • Both offers web traders and apps
  • Each has a visually clear web trader, Plus500 aims to provide an intuitive platform
  • ETX Capital additionally provides MT4, where it has less markets, but a competitive number for an MT4 broker
  • ETX Capital supports automated trading, with MT4 and can offer VPS hosting
  • Both have Cryptocurrency CFDs

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