ETX Capital
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73.85% of retail CFD accounts lose money.

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Freedom Finance
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ETX Capital Vs. Freedom Finance - Compare and Choose the Right One

Updated Jul 28 2022

Visit

73.85% of retail CFD accounts lose money.

Visit

Your capital is at risk.

Overview

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

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

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 
  • Real equities traders looking to day-trade stocks, options, futures and ETFs
  • Long term investors looking to build a stocks or ETFs portfolio
  • Experienced investors that know which assets they are looking for
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

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • CySec (Cyprus)
  • BaFin (Germany)
  • SEC (United States)
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
  • Over 1,500,000+ assets from several exchanges worldwide
  • All assets are real equities (they do not provide CFDs)
  • InvestIdeas section with great analysis on several high potential stocks
  • 3% per year in their savings D-account (Daily interest accrual)
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)
  • The use of SMSs codes for authentication of basic operations can be an issue for frequent international travellers
  • Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
  • No stock screener or tools to research and analyse stocks efficiently
Status
Inactive Operational
Recent News

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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 2008
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfers
💵 Account Base Currencies
3 - EUR, USD, GBP 3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
US, BE, CN, SG, CH SY, IR.
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • Real stocks, ETFs, bonds, futures and options.

    📙 Stocks
    5,000 CFDs (250 are commission free) 58,571
    📘 Currency Pairs
    60 N/A
    📗 Commodities
    17 N/A
    📕 Indices
    20 N/A
    📔 ETFs
    19 1,500
    💸 Cryptocurrencies
    5 N/A
    📒 Bonds
    8 191,959
    📓 Options
    N/A 1,153,234
    📗 Futures
    45 6,020
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    All of Freedom Finance’s assets are real equities, they do not provide CFDs.

    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) N/A
    📉 Minimum FX Trade Size
    $1,000 (0.01 lots) N/A
    📈 Minimum Commodities Trade Size
    Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) N/A
    📉 Minimum Bonds Trade Size
    1 unit 1 Contract
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) 1 Contract
    📉 Minimum Options Trade Size
    N/A 1 Contract
    💪 Retail Leverage
    Up to 1:30 Up to 1:3
    💪 Professional Leverage
    Up to 1:500 N/A
    ✍ Customisable Leverage
    No No
    🎲 Deleveraged Trading
    No Yes
    🎓 Demo Account
    Yes No
    📱 IOS App
    Yes Yes
    📱 Android App
    Yes Yes
    📺 MetaTrader 4
    Yes No
    📺 MetaTrader 5
    No No
    💻 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 No
    💰 Deposit Fees
    No

    Yes, up to 2.5% for credit / debit cards.

    💰 Withdrawal Fees
    No

    Yes, 7€ for bank transfers.

    💰 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)

    Yes and the vary per account:

    In their all inclusive USD account they charge,

    • 0.5% + $0.012 per share with a minimum  of $1.2 per trade
    • $0.65 per USA stock options contract
    • 12% for margin lending

    In their Smart in EUR account they charge,

    • 0.02€ per share with a minimum of 2€ per trade
    • $0.65 per USA stock options contract
    • 12% for margin lending
    • €0.05 for each SMS notification

    In their Fix in EUR account, they charge,

    • 10€ Monthly account fee
    • 0.012€ per share with a minimum of 1.2€ per trade
    • $0.65 per USA stock options contract
    • 12% for margin lending
    • €0.03 for each SMS notification
    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips N/A
    📉 SP500
    Dynamic - From 60 Pips N/A
    📈 GOLD
    Dynamic - From 60 Pips N/A
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - Market Spread
    📈 XLK (ETF - CFD)
    N/A Dynamic - Market Spread
    📉 BTC
    Dynamic - Eg. $226.4 N/A
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No No
    📜 Integrated Newsfeed
    No Yes
    📡 Reuters Feed
    No No