ETX Capital vs FP Markets - Fees Review included
Which broker is better ETX Capital or FP Markets? Our expert assessment conducted according to TU’s own methodology showed that ETX Capital is one of the top brokers in the financial market with the TU Overall Score of 4.92 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 6.43 out of 10. Find out more about TU Overall Score.
| Feature | ETX Capital | FP Markets |
|---|---|---|
Overall |
4.3 |
4.6 |
4.8 |
4.7 |
|
4.2 |
4.7 |
|
4.6 |
4.6 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
4.2 |
4.7 |
Deposit and Withdrawal |
3.9 |
4.4 |
Research |
3.1 |
3.9 |
Education |
4.6 |
3.8 |
Support |
4.5 |
4.2 |
Bonuses |
2.3 |
2.1 |
|
|
ETX Capital vs FP Markets: Pros and Cons
The brokerage company ETX Capital was founded in 2002 and belongs to the well-known corporation Monecor Limited, which has been operating since 1965. Headquartered in London, the company is regulated by the FCA (UK Financial Conduct Authority). The broker is aimed at cooperation with traders from EU countries. ETX Capital provides a wide range of trading tools, narrow spreads and quality training materials. In 2018, ETX Capital’s own development TraderPro was recognized as the best trading platform according to the UK Forex Awards and Online Personal Wealth Awards.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
| ETX Capital | FP Markets | |
|---|---|---|
| Overall Pros | FCA (UK) regulated broker | favorable trading conditions |
| 5,000+ markets to trade | more than 10,000 trading instruments | |
| There are commission free shares | investment opportunities: copy trading, MAM and PAMM | |
| high-quality educational materials | order execution speed is 40 ms | |
| well-regulated broker | ||
| Overall Cons | complex procedure for opening an account, consisting of four stages | complex verification process |
| there are no PAMM accounts or investment programs for generating passive income |
ETX Capital vs FP Markets: Safety and Regulation
| Regulated By: | ETX Capital | FP Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
No |
Saint Vincent and the Grenadines (SVG FSA) |
ETX Capital vs FP Markets: Trading Conditions
| Trading Conditions | ETX Capital | FP Markets |
|---|---|---|
Minimum Deposit |
$250 |
$100 |
Trading Platforms |
МТ4, ETX TraderPro |
MT4, МТ5, Webtrader, Mobile, Iress |
Max Leverage (Futures) |
1-400 |
1-500, for EU and AU clients - 1-30 |
Supported Markets |
Currencies, indices, stocks, energies, commodities, metals, cryptocurrencies |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Trading assets |
5000+ |
10000+ |
Trading Accounts |
Demo, Standard, Premium, Professional |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Base Account Currencies |
USD, EUR, GBP |
AUD |
ETX Capital vs FP Markets: Fees
Forex Trading Fees
| Fee | ETX Capital | FP Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.81 pips |
1.3 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$3 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | ETX Capital | FP Markets |
|---|---|---|
CFD Trading Fee |
Folatin spread. UK, EU shares - 0.1%, US shares 2 cents per share, Singapore - 0.4% |
Floating spread, Share CFDs - from 0.08% to 0.1% |
Non-Trading Fees
| Fee | ETX Capital | FP Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
ETX Capital vs FP Markets: Trading Assets
| Asset Name | ETX Capital | FP Markets |
|---|---|---|
Overall |
5000+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
Yes (CFD) |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
ETX Capital or FP Markets: Investment Programs
| Asset Name | ETX Capital | FP Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
Bonds |
Bond CFDs |
Trading Platforms: FP Markets or ETX Capital
| ETX Capital | FP Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
TraderPro |
No |
Others |
No |
Iress |
|
|
ETX Capital vs FP Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ETX Capital | FP Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
ETX Capital vs FP Markets: Research
| Research Type | ETX Capital | FP Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
Yes |
ETX Capital vs FP Markets: Education
| Education Type | ETX Capital | FP Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
FP Markets vs ETX Capital: Support
| Support Features | ETX Capital | FP Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
ETX Capital vs FP Markets: Forex Bonuses and Promo
| Promo | ETX Capital | FP Markets |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Affiliate programs - allow the owners of Forex-themed websites to receive a reward for placing a text link or company banner on their page. |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Other Promos |
||
|
|
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on ETX Capital
-
Comment
Unfortunately, etx capital has been closed. Nothing helped them, neither investment nor brand change. And unfortunately, the company refused to pay my money. I can return this money provided that I open an account with Capital.com. But I just wanted to get my money back and no longer work with various dubious brokers. But so far nothing is working.
-
Comment
My account with ETX Capital was suddenly frozen and after weeks of disputes, access was granted, but the balance was zero. Their explanations were unclear; they claimed that my funds were written off as bonuses. I didn’t look further - it immediately became clear that it was some kind of fraud!
-
Comment
I would like to warn everyone against ETX Capital. Believe me, it is better not to test this pseudo-broker. It is not a broker at all, but a scammer. As soon as you make the deposit recommended by managers for successful trading, you simply cease to exist for them. I transferred a considerable amount to ETX Capital and the money disappeared. And my account was blocked.
-
Comment
Unfortunately, I cannot call ETXcapital a normal broker. I opened an account here six months ago, and now I can confidently say that not everything is so simple. The first thing a trader will encounter is requotes and slippages. The second is frequent non-market quotes. ETXcapital withdraws funds, but does not allow trading normally.
-
Comment
How can you trust a company that does as it pleases? I compared quotes from ETX Capital with those of other brokers. They differ significantly. Even quotes on demo and real accounts are different. It raises suspicion that ETX Capital manipulates quotes when necessary. I experienced this - suddenly a quote appeared that simply put my trade in loss. ETX Capital support said everything was normal, that it was okay.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.