ETX Capital
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73.85% of retail CFD accounts lose money.

Vs.

HF Markets (HFM)
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71.24% of retail CFD accounts lose money.

ETX Capital Vs. HF Markets (HFM) - Compare and Choose the Right One

Updated Jul 28 2022

Visit

73.85% of retail CFD accounts lose money.

Visit

71.24% 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.

HF Markets (HFM) is a global broker founded in 2010 under the brand name HotForex that specialises in CFDs trading on currencies, commodities, indices, stocks, ETFs, bonds and futures. Recently they added to their portfolio commission-free real stocks and ETFs.

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 
  • Low volume traders looking for a low minimum deposit, low trade size and competitive spreads
  • High volume traders looking for a competitive commission-driven environment through their zero spread account
  • Traders looking to copy or provide knowledge via their HFCopy account
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

5

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • CySec (Cyprus)
  • FCA (UK)
  • DFSA (United Arab Emirates)
  • FSCA (South Africa)
  • FSA (Seychelles)
  • FSA (St. Vincent and the Grenadines)
  • CMA (Kenya)
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
  • Well-structured account offering with options for all types of traders
  • Competitive commissions on their Zero Spread and PAMM accounts
  • Copy trading via MT4 / 5 offered through their HF Copy account
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)
  • Platform offering is limited to MetaTrader 4 and 5
  • Asset offering in CFDs is below industry standards with 1,200 CFDs
  • Their proprietary mobile app does not offer trading capabilities
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 2010
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) From $5 to $250 (depending on location or account)
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Sofort
  • FasaPay
  • WebMoney
  • BitPay
  • PayRetailers
  • PayRedeem
  • Bank Transfer
💵 Account Base Currencies
3 - EUR, USD, GBP 6 - USD, EUR, NGN, JPY, ZAR, THB.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, CN, SG, CH US, CA, SY, 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 currencies, commodities, indices, ETFs, stocks and bonds.
    • Real stocks and ETFs.
    📙 Stocks
    5,000 CFDs (250 are commission free) 2,113 Real Stocks / 54 CFDs
    📘 Currency Pairs
    60 53
    📗 Commodities
    17 13
    📕 Indices
    20 11
    📔 ETFs
    19 34
    💸 Cryptocurrencies
    5 N/A
    📒 Bonds
    8 3
    📓 Options
    N/A N/A
    📗 Futures
    45 14
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    HF Markets provides both CFDs and real equities.

    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share $5 (Fractional Share Trading
    📉 Minimum ETFs Trade Size
    1 ETF $5 (Fractional ETF Trading)
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) N/A
    📉 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 $1,000 (0.01 Lots)
    📈 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 1:1000 (Non EU)
    💪 Professional Leverage
    Up to 1:500 Up to 1:500 (EU Only)
    ✍ Customisable Leverage
    No Yes
    🎲 Deleveraged Trading
    No Yes
    🎓 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 No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes Yes
    👫 Social Trading
    Yes Yes
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes Yes
    Fees
    💰 Inactivity Fee
    No Yes, $5 monthly after 6 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)

    Yes depending on account type:

    • Micro accounts have no commissions.
    • Premium accounts have no commissions
    • Zero Spread accounts have a minimum commission that varies between $3 to $4 per lot traded
    • PAMM (Premium) accounts have no commission
    • PAMM (Premium Plus) accounts have a commission of $8 per lot round turn
    • HFCopy accounts have no commissions
    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 0 Pips to 1.3 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 41 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 25 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - From $0.33
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - Eg. $226.4 N/A
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No Yes
    📜 Integrated Newsfeed
    No Yes
    📡 Reuters Feed
    No No