ETX Capital vs FOREX.com Comparison

ETX Capital vs FOREX.com Comparison

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

ETX Capital and FOREX.com Comparison

Both these brokers 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 Trading 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, offers Autochartist and Trading Central and has a Trader Education course on its website.

Markets

  • ETX Capital offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities, Cryptocurrencies, Bonds, ETFs, IPOs and Interest Rates, with 5000+ available.
  • FOREX.com offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, with 300+ 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 offer Forex spreads from 0.6. FOREX.com provides Forex spreads from 0.8.

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

Online trading platforms

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

Why FOREX.com or ETX Capital ?

Traders who want to trade on MetaTrader 4 (MT4) may do so at either broker. Those who want to trade on a web trader can find one at both brokers, though ETX Capital offers more markets to trade. FOREX.com additionally provides its Advanced Trading Platform, which lets the trader build and use charting signals. Traders may use EAs (online trading robots) at either broker.

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 support trading with a VPS, for 24/5 automated trading with robots
  • FOREX.com has a lower minimum deposit

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