ETX Capital
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72.54% of retail CFD accounts lose money.

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AAATrade
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83.72% of retail CFD accounts lose money

ETX Capital Vs. AAATrade - Compare and Choose the Right One

Updated Jan 04 2022

Visit

72.54% of retail CFD accounts lose money.

Visit

83.72% of retail CFD accounts lose money

Overview

Founded in 1965, ETX Capital offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

Best For
  • Forex traders for variety of currencies and high net worth equities
  • Traders seeking commission free equities inside their 250 commission-less selection
  • Traders who want to trade commodity futures and bonds 
  • Beginner traders looking for a simple web and mobile platform to get started
  • Passive investors looking for real equity
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The Good
  • Commission-free trades for 250 equities
  • Low minimum deposit to open standard account (100£)
  • Wide selection of commodity futures and bonds
  • Decent educational material for market research, including seminars on indices, commodities and currencies
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
The Bad
  • Doesn’t provide live news feed on standard account
  • No ability to purchase real stocks or ETFs (All assets are CFDs)
  • Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
  • Above-average FX spreads
  • High fees (depending on the deposit / withdrawal methods)
  • High deposit requirements for advanced services ($25,000 , $100,000)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity documents (Passport, ID card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder’s name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • CySec (Cyprus)
📍 Year Founded
1965 2013
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) $500
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
💵 Account Base Currencies
3 - EUR, USD, GBP 3 - USD, EUR, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, CN, SG, CH US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.
📊 STP Account
No Yes
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
    • Real stocks and ETFs
    • CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and futures.
    📙 Stocks
    5,000 CFDs (250 are commission free) 1,000+
    📘 Currency Pairs
    60 80+
    📗 Commodities
    17 4
    📕 Indices
    20 12
    📔 ETFs
    19 5
    💸 Cryptocurrencies
    5 50+
    📒 Bonds
    8 4
    📓 Options
    N/A N/A
    📗 Futures
    45 7
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    Almost all assets are CFDs, except for 45 blue chip stocks

    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share 1 Share
    📉 Minimum ETFs Trade Size
    1 ETF 1 ETF
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) Varies per Cryptocurrency (Eg: 0.01 BTC)
    📉 Minimum FX Trade Size
    $1,000 (0.01 lots) $1,000 (0.01 lots)
    📈 Minimum Commodities Trade Size
    Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) $1,000 (0.01 lots)
    📉 Minimum Bonds Trade Size
    1 unit !00 Units
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) $1,000 (0.01 lots)
    📉 Minimum Options Trade Size
    N/A N/A
    💪 Retail Leverage
    Up to 1:30 Up to 1:30
    💪 Professional Leverage
    Up to 1:500 Up to 1:200
    ✍ Customisable Leverage
    No Yes
    🎲 Deleveraged Trading
    No Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes
    📱 Android App
    Yes Yes
    📺 MetaTrader 4
    Yes No
    📺 MetaTrader 5
    No Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    Yes Yes
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes No
    👫 Social Trading
    Yes No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes Yes
    Fees
    💰 Inactivity Fee
    No

    Yes, €15 after 3 months of inactivity.

    💰 Deposit Fees
    No

    Yes, from 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

    💰 Withdrawal Fees
    No

    No for debit/credit card and e-payment. Wire transfer has a €10 fee.

    💰 Commissions

    Yes, depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)

    • No commissions on novice accounts.
    • Commission free trading for stock ETFs on Experienced accounts
    • FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.
    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 2 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 50 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 95 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - From $0.21
    📈 XLK (ETF - CFD)
    N/A Dynamic - From $0.01
    📉 BTC
    Dynamic - Eg. $226.4 Dynamic - From $511
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No Yes (Partial)
    🗓 Economic Calendar
    No Yes
    📜 Integrated Newsfeed
    No Yes
    📡 Reuters Feed
    No Yes

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