ETX Capital
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73.85% of retail CFD accounts lose money.

Vs.

Nextmarkets
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63.10% of retail CFD accounts lose money.

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

Updated Jul 28 2022

Visit

73.85% of retail CFD accounts lose money.

Visit

63.10% 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.

Nextmarkets is a german broker founded in 2014 that specialises in commission free stocks and ETFs trading through their proprietary platform which offers an expert advisory service via live coaches that suggest their trading ideas.

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 investors and traders looking to explore their social and copy trading offering via live coaches
  • New investors and traders looking for a simple and friendly mobile app for commission-free investing in stocks or equities
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

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • MFSA (Malta Financial Services Authority)
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
  • Their “trading ideas” and “live coaches” offering is quite interesting and provides a lot of value for new traders
  • Their proprietary platform is very simple and easy to use
  • Their equities offering is completely commission-free
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)
  • Asides from stocks and ETFs, their asset offering lacks variety
  • Their web platform is completely impractical to use for professional trading
  • They don’t let you enjoy your demo trading experience in peace, there is a constant pop-up asking you to fund your account at all times
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 2014
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
3 - EUR, USD, GBP 2 - EUR, GBP.
🗽 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 Yes
📊 ECN Account
No No
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
    • Real stocks and ETFs
    • CFDs on stocks, ETFs, commodities, indices, currencies, bonds and cryptocurrencies.
    📙 Stocks
    5,000 CFDs (250 are commission free) 8,000+
    📘 Currency Pairs
    60 22
    📗 Commodities
    17 5
    📕 Indices
    20 5
    📔 ETFs
    19 1,000+
    💸 Cryptocurrencies
    5 4
    📒 Bonds
    8 1
    📓 Options
    N/A N/A
    📗 Futures
    45 N/A
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

    Nextmarkets provides both CFDs and real stocks or ETFs.

    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) Varies per Cryptocurrency (eg: 0.1 BTC with leverage 1:2)
    📉 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 per commodity (eg: 1 contract of Gold - 1 trojan ounce)
    📉 Minimum Bonds Trade Size
    1 unit N/A
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) N/A
    📉 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 1:100
    ✍ Customisable Leverage
    No No
    🎲 Deleveraged Trading
    No Yes
    🎓 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 No
    👬 Copy Trading
    Yes Yes
    👫 Social Trading
    Yes Yes
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    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
    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 0.6 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - From 50 Pips
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 40 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - From $2
    📈 XLK (ETF - CFD)
    N/A Dynamic - From $0.1 to 0.3
    📉 BTC
    Dynamic - Eg. $226.4 Dynamic - From $125
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No No
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No