ETX Capital
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73.85% of retail CFD accounts lose money.

Vs.

AvaTrade
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71% of retail CFD accounts lose money.

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

Updated Jul 28 2022

Visit

73.85% of retail CFD accounts lose money.

Visit

71% of retail CFD accounts lose money.

Overview

Founded in 1965, ETX Capital dedicated the last decades to both spread betting and CFD trading until their recent rebranding into OvalX.

AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.

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 
  • New traders looking for a more advanced forex and options platform
  • Experienced traders looking to take advantage of their fixed spreads
  • Experienced traders looking to trade FX options
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

6

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FFAJ (Japan)
  • CBI (Ireland)
  • IIROC (Canada)
  • CySec (Cyprus)
  • FSCA (South Africa)
  • ADGM (United Arab Emirates)
  • ISA (Israel)
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
  • AvaProtect feature for negative trades payback
  • Great variety of platforms (proprietary ones, MT4 & MT5)
  • Smooth platform experiences and easy account management
  • Custom Options trading platform
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)
  • Lack of variety in stocks, ETFs and bonds
  • Expensive inactivity fees
  • No multi-chart tools
  • High trade minimums in all assets except forex
Status
Inactive Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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.

📍 Year Founded
1965 2006
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
3 - EUR, USD, GBP 4 - USD, GBP, EUR, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, CN, SG, CH US, BE, IR.
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • CFDs on stocks, cryptocurrencies, commodities, currencies, ETFs, indices, shares, options and bonds.

    📙 Stocks
    5,000 CFDs (250 are commission free) 626
    📘 Currency Pairs
    60 55
    📗 Commodities
    17 27
    📕 Indices
    20 33
    📔 ETFs
    19 59
    💸 Cryptocurrencies
    5 17
    📒 Bonds
    8 2
    📓 Options
    N/A 44
    📗 Futures
    45 N/A
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    Most of AvaTrade's assets are CFDs.
    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share Depends on Stock price, from 1 to 10 or 100 units.
    📉 Minimum ETFs Trade Size
    1 ETF Depends on ETF price, from 1 to 10 or 100 units.
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) Depends on cryptocurrency, for BTC 0.01, for ETH 0.1 units.
    📉 Minimum FX Trade Size
    $1,000 (0.01 lots) $1,000
    📈 Minimum Commodities Trade Size
    Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) Varies by Commoditty (Eg: 1 Troy ounce of Gold)
    📉 Minimum Bonds Trade Size
    1 unit 10 Bond contracts
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) N/A
    📉 Minimum Options Trade Size
    N/A 10,000 FX Option contracts
    💪 Retail Leverage
    Up to 1:30 Up to 1:30
    💪 Professional Leverage
    Up to 1:500 Up to 1:500
    ✍ Customisable Leverage
    No No
    🎲 Deleveraged Trading
    No No
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes
    📱 Android App
    Yes Yes
    📺 MetaTrader 4
    Yes Yes
    📺 MetaTrader 5
    No Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    Yes Yes
    📊 Multi-chart Tools
    Yes No
    👬 Copy Trading
    Yes No
    👫 Social Trading
    Yes No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    Fees
    💰 Inactivity Fee
    No Yes, $50 per quarter after 3 months of inactivity.
    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No No
    💰 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
    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 0.9 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 50 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 34 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - From $1.92
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - Eg. $226.4 Dynamic - From $137.31
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No