ETX Capital
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72.54% of retail CFD accounts lose money.

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IG
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73% of retail CFD accounts lose money.

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

Updated Jan 04 2022

Visit

72.54% of retail CFD accounts lose money.

Visit

73% 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.

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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 to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
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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
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
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)
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
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)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
📍 Year Founded
1965 1974
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium)

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
3 - EUR, USD, GBP 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes (excluding CFDs)
❌ Restricted Countries
US, BE, CN, SG, CH SY, IR.
📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
    • Real stocks and ETFs
    • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
    📙 Stocks
    5,000 CFDs (250 are commission free)

    10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

    📘 Currency Pairs
    60 210
    📗 Commodities
    17 37
    📕 Indices
    20 76
    📔 ETFs
    19 2,000 + both CFDs and real ETFs
    💸 Cryptocurrencies
    5 15
    📒 Bonds
    8 19
    📓 Options
    N/A Availability only for select countries.
    📗 Futures
    45

    Several contracts in commodities and indices with various expiration dates.

    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    IG provides both CFD trading and real equity. US traders cannot trade 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)

    0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

    📉 Minimum FX Trade Size
    $1,000 (0.01 lots)

    1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

    📈 Minimum Commodities Trade Size
    Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) 1 Contract
    📉 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 Varies per option (usually 1 contract)
    💪 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 No
    💻 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 Yes
    🔨 Trailing Stop-loss
    Yes Yes
    Fees
    💰 Inactivity Fee
    No

    After 24 months of inactivity, IG charges an $18 monthly fee.

    💰 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, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 0.9 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 150 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 50 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - From $1.03
    📈 XLK (ETF - CFD)
    N/A Dynamic - From 0 Pips
    📉 BTC
    Dynamic - Eg. $226.4 Dynamic - From $140
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No Yes
    📜 Integrated Newsfeed
    No Yes
    📡 Reuters Feed
    No Yes

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