ETX Capital
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72.54% of retail CFD accounts lose money.

Vs.

IC Markets
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73.59% of retail CFD accounts lose money

ETX Capital Vs. IC Markets - Compare and Choose the Right One

Updated Jan 04 2022

Visit

72.54% of retail CFD accounts lose money.

Visit

73.59% 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.

ICMarkets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

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 
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
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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
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
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)
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
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)
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
📍 Year Founded
1965 2007
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Bitcoin
  • Sofort
  • Paypal
  • Neteller
  • Skrill
💵 Account Base Currencies
3 - EUR, USD, GBP 10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, CN, SG, CH US, CA, IL.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • CFDs on stocks, currencies, commodities, cryptocurrencies and indices

    📙 Stocks
    5,000 CFDs (250 are commission free) 1,600 +
    📘 Currency Pairs
    60 61
    📗 Commodities
    17 22
    📕 Indices
    20 25
    📔 ETFs
    19 N/A
    💸 Cryptocurrencies
    5 18
    📒 Bonds
    8 11
    📓 Options
    N/A N/A
    📗 Futures
    45 4
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    All ICMarkets assets are CFDs.
    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share Varies by Stock
    📉 Minimum ETFs Trade Size
    1 ETF N/A
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) Varies by 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) Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
    📉 Minimum Bonds Trade Size
    1 unit Varies by Bond
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) Varies by Future
    📉 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 1:500
    ✍ Customisable Leverage
    No Yes
    🎲 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 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 No
    💰 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 commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 0 to 0.6 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 20 to 45 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 30 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - Market Spread
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - Eg. $226.4 Dynamic - From $8.7 to $42
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No

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