ETX Capital vs FOREX.com Comparison

ETX Capital vs FOREX.com Comparison

ETX Capital vs FOREX.com
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

ETX Capital and FOREX.com Comparison

While both of these brokers are FCA regulated, ETX Capital is based in the UK, while FOREX.com is based in a number of countries including the UK (meaning it is regulated in multiple jurisdictions). They offer CFD trading, though ETX Capital also provides spread betting in the UK.

ETX Capital can offer many more markets to trade (5000+ vs 300+), partly reflecting FOREX.com's origins (and continuation) as a Forex broker. ETX Capital also offers Forex pairs of course, though FOREX.com has somewhat more (80+ vs 60+).

One significant similarity is that both offer MT4, with a reduced set of markets, though ETX Capital has somewhat more. They both support automated trading on MT4, including the use of a VPS to automate trading when the trader is disconnected from the broker. Each also has further support for discretionary trading, FOREX has its Advanced Platform and a web trader, while ETX Capital offers ETX TraderPro.

Each has a range of Cryptocurrency CFDs available, which allow the trader to speculate on the price of the cryptocurrency, without actually owning it and therefore not needed to store it, for example in a wallet (and also enabling the trader to go long or short). As well as being regulated by the FCA, FOREX.com is additionally regulated by the ASIC in Australia, the CFTC in the United States, the FSA in Japan, the FSC in Hong Kong, the CIMA in the Cayman Islands and the IIROC in Canada.

Very quick comparison

Shared features: CFD trading, MT4, VPS support, discretionary platforms, cryptocurrency CFDs, FCA regulation. Differences: ETX Capital has more markets comparing their respective discretionary platforms and offers spread betting in the UK while FOREX.com is based in and regulated in other countries apart from the UK.

Minimum deposit and account types

The minimum deposit for ETX Capital is $/€/£100. The minimum deposit for FOREX.com is $/€/£50.

  • ETX Capital offers spread betting (in the UK) 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.
  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.

Markets

  • On ETX TraderPro, ETX Capital offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities, Cryptocurrencies, Bonds, ETFs, IPOs 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 Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Metals, Energy and Soft Commodities, with 110+ available.

Cryptocurrency CFDs

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

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 FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.

The maximum leverage for ETX Capital is . The maximum leverage for FOREX.com (FCA regulated) is .

Platforms

ETX Capital offers ETX Trader Pro and MT4. FOREX.com offers the Advanced Platform, a web trader, MT4 and an MT4 web trader.

Comparison summary

  • Both brokers offer CFD trading
  • ETX Capital also offers spread betting in the UK
  • Both offer MT4 and discretionary trading platforms
  • ETX Capital can offer many more markets to trade, but they have a similar number on MT4
  • FOREX.com has more Forex pairs
  • Both have Cryptocurrecy CFDs to trade
  • Both support trading with a VPS, for 24/6 automated trading with robots
  • Each is FCA regulated in the UK

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