Interactive Brokers
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Investing in financial products involves taking risk.

Vs.

ETX Capital
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72.54% of retail CFD accounts lose money.

Interactive Brokers Vs. ETX Capital - Compare and Choose the Right One

Updated Jan 12 2022

Visit

Investing in financial products involves taking risk.

Visit

72.54% of retail CFD accounts lose money.

Overview

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

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.

Best For
  • Seasoned investors looking for a one-stop shop to cover a variety of needs
  • Global investors who seek the most reliable discount service available
  • Traders from intermediate to advanced level
  • 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 
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The Good
  • High regulation
  • Exceptional number of investment instruments (Above 100,000+)
  • Competitive discount fees
  • 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
The Bad
  • Complicated account opening process
  • Platforms are not beginner friendly
  • Narrow choice of deposit options (Mostly bank transfer)
  • 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)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 - 3 Days 1 Day
📋 Documents Required
  • 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.

  • 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.

🏛 Financial Regulators
  • SEC (United States)
  • FINRA (United States)
  • FCA (United Kingdom)
  • ASIC (Australia)
  • IIROC (Canada)
  • MNB (Hungary)
  • BSE (India)
  • CBI (Ireland)
  • FSA (Japan)
  • CSSF (Luxembourg) CSSF
  • MAS (Singapore)
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
📍 Year Founded
1978 1965
💳 Minimum Deposit
$ - 0 $, €, £ - 100 (Standard) and 10,000 (Premium)
💰 Payment Methods
  • Bank Transfer
  • ACH (US only)
  • Check (US only)
  • Debit Card (US only)
  • BPAY (Australia only)
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
💵 Account Base Currencies
23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK 3 - EUR, USD, GBP
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
AF, SY, SO, SD, LY, NG, BI. US, BE, CN, SG, CH
📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks, currencies, ETFs, options, futures, bonds, cryptocurrencies
  • CFDs on almost every possible asset class
  • Structured Products
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
  • 📙 Stocks
    78 markets 5,000 CFDs (250 are commission free)
    📘 Currency Pairs
    105 60
    📗 Commodities
    35 markets 17
    📕 Indices
    13 20
    📔 ETFs
    13,000+ 19
    💸 Cryptocurrencies
    4 5
    📒 Bonds
    60,000+ 8
    📓 Options
    33 markets N/A
    📗 Futures
    32 markets 45
    📝 Notes:

    Interactive brokers provides real assets (equities) from more than 100+ markets (exchanges) across the world and also provides CFDs (in allowed regions).

    ETX Capital offers CFDs, spread betting and futures.

    Trading Experience
    📈 Minimum Stock Trade Size

    From 1 share - except for exchanges that allow fractional trading (US stock exchanges)

    1 Share
    📉 Minimum ETFs Trade Size
    N/A for EU Citizens 1 ETF
    📈 Minimum Crypto Trade Size

    No minimum, but minimum fee is $1.75 per order

    Varies by Cryptocurrency (Eg: 0.01 BTC)
    📉 Minimum FX Trade Size
    $25,000 (0.25 lots) $1,000 (0.01 lots)
    📈 Minimum Commodities Trade Size
    Varies per commodity (eg: 1 Ounce of Gold) Varies per commodity (Eg 0.1 for WTI, 1 for Cotton)
    📉 Minimum Bonds Trade Size
    $1,000 for corporate/muni bonds, $1 million for treasury bonds 1 unit
    📈 Minimum Futures Trade Size
    1 contract Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds)
    📉 Minimum Options Trade Size
    1 contract N/A
    💪 Retail Leverage
    Up to 1:30 Up to 1:30
    💪 Professional Leverage
    N/A Up to 1:500
    ✍ Customisable Leverage
    No No
    🎲 Deleveraged Trading
    Yes No
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes
    📱 Android App
    Yes Yes
    📺 MetaTrader 4
    No Yes
    📺 MetaTrader 5
    No No
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    Yes Yes
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    No Yes
    👫 Social Trading
    No Yes
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes Yes
    Fees
    💰 Inactivity Fee
    No No
    💰 Deposit Fees
    No No
    💰 Withdrawal Fees

    One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

    No
    💰 Commissions

    Commissions depend on market and residency:

    • US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
    • European stocks have €3 minimum and 0.05% trade value.
    • Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
    • Options start at $0.25 per contract and go as low as $0.15 per contract.
    • Futures start at $0.85 per contract and go as low as $0.25 per contract

    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)

    Spreads
    📈 EUR/USD
    Dynamic - From 0.1 pips Dynamic - From 0.6 Pips
    📉 SP500
    Dynamic - From 1 Pip Dynamic - From 60 Pips
    📈 GOLD
    N/A Dynamic - From 60 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $0.50 Dynamic - From $13
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    N/A Dynamic - Eg. $226.4
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    Yes No
    🗓 Economic Calendar
    Yes No
    📜 Integrated Newsfeed
    Yes No
    📡 Reuters Feed
    Yes No

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