ETX Capital vs Interactive Brokers - Fees Review included
Which broker is better ETX Capital or Interactive Brokers? 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. Interactive Brokers is one of the top brokers in the financial market with the TU Overall Score of 7.45 out of 10. Find out more about TU Overall Score.
| Feature | ETX Capital | Interactive Brokers |
|---|---|---|
Overall |
4.3 |
4.9 |
4.8 |
5 |
|
4.2 |
4.9 |
|
4.6 |
5 |
|
Investment Instruments |
1 |
4.2 |
Platforms and Charting Tools |
4.2 |
5 |
Deposit and Withdrawal |
3.9 |
4.1 |
Research |
3.1 |
4.7 |
Education |
4.6 |
4.5 |
Support |
4.5 |
4.2 |
Bonuses |
2.3 |
3.1 |
ETX Capital vs Interactive Brokers: 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.
The biggest international broker
| ETX Capital | Interactive Brokers | |
|---|---|---|
| Overall Pros | FCA (UK) regulated broker | Access to 135 markets in 33 countries |
| 5,000+ markets to trade | 30.000+ trading instruments | |
| There are commission free shares | Regulated in the US, UK and 8 other countries | |
| high-quality educational materials | Advanced trading platform | |
| Free stocks for registration | ||
| Low fees | ||
| Low margin rates | ||
| Nasdaq Listed company | ||
| 25 supported account currencies | ||
| Overall Cons | complex procedure for opening an account, consisting of four stages | long and complex registration procedure |
| there are no PAMM accounts or investment programs for generating passive income |
ETX Capital vs Interactive Brokers: Safety and Regulation
| Regulated By: | ETX Capital | Interactive Brokers |
|---|---|---|
US Regulation |
No |
Yes |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI, reference number C423427), Central Bank of Hungary (Magyar Nemzeti Bank), Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Cboe Australia, Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE, India SEBI Registration No. INZ000217730, Japan - Kanto Local Finance Bureau (Registration No.187) and is a member of Japan Securities Dealers Association and The Commodity Futures Association of Japan, Monetary Authority of Singapore (Licence No. CMS100917) |
ETX Capital vs Interactive Brokers: Trading Conditions
| Trading Conditions | ETX Capital | Interactive Brokers |
|---|---|---|
Minimum Deposit |
$250 |
$0 |
Trading Platforms |
МТ4, ETX TraderPro |
IB Trader Workstation, IBKR GlobalTrader, Client Portal |
Max Leverage (Futures) |
1-400 |
1-50 |
Supported Markets |
Currencies, indices, stocks, energies, commodities, metals, cryptocurrencies |
Stocks, Forex, ETFs, Mutual Funds, Bonds, Stock options, Commodity Futures, Currency futures, Cryptocurrencies, Robo-portfolios, hedge funds |
Trading assets |
5000+ |
30000+ |
Trading Accounts |
Demo, Standard, Premium, Professional |
Cash account, margin account |
Base Account Currencies |
USD, EUR, GBP |
USD, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NZD, NOK, PLN, SGD, SEK, CHF, CNH |
ETX Capital vs Interactive Brokers: Fees
Forex Trading Fees
| Fee | ETX Capital | Interactive Brokers |
|---|---|---|
Standard Account EURUSD Average Spread |
0.81 pips |
0.1 pips |
Standard Account Fee |
$0 |
0.08 to 0.20 bps times trade size |
ECN/STP Account Fee |
Not supported |
0.08 to 0.20 bps times trade size |
ECN Account EUR Average Spread |
Not supported |
0.1 pips |
CFD Trading Fees
| Fee | ETX Capital | Interactive Brokers |
|---|---|---|
CFD Trading Fee |
Folatin spread. UK, EU shares - 0.1%, US shares 2 cents per share, Singapore - 0.4% |
0.05% on all share CFDs |
Non-Trading Fees
| Fee | ETX Capital | Interactive Brokers |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
$10 per wire transfer, $1 per BACS/GIRO/ACH/EFT/SEPA |
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 Interactive Brokers: Trading Assets
| Asset Name | ETX Capital | Interactive Brokers |
|---|---|---|
Overall |
5000+ |
30000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
No |
Yes |
Bonds |
Yes (CFD) |
Yes |
Mutual funds |
No |
Yes |
Stock options |
No |
Yes |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
ETX Capital or Interactive Brokers: Investment Programs
| Asset Name | ETX Capital | Interactive Brokers |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
Bonds |
Robo-portfolios, hedge funds, Bonds |
Trading Platforms: Interactive Brokers or ETX Capital
| ETX Capital | Interactive Brokers | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
TraderPro |
IB Trader Workstation, IBKR GlobalTrader, Client Portal |
Others |
No |
No |
ETX Capital vs Interactive Brokers: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ETX Capital | Interactive Brokers |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
ETX Capital vs Interactive Brokers: Research
| Research Type | ETX Capital | Interactive Brokers |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
Yes |
ETX Capital vs Interactive Brokers: Education
| Education Type | ETX Capital | Interactive Brokers |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Interactive Brokers vs ETX Capital: Support
| Support Features | ETX Capital | Interactive Brokers |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
Community forum, Software bug reports |
ETX Capital vs Interactive Brokers: Forex Bonuses and Promo
| Promo | ETX Capital | Interactive Brokers |
|---|---|---|
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. |
As Referrer you can earn up to USD 1000 of IBKR stock. The Refer a Friend program allows eligible IBKR clients to refer people to IBKR for a flat fee payment. Residents of Japan, Spain and Israel are not eligible to participate in the program. |
Other Promos |
||
Top 5 Reviews on Interactive Brokers
-
Comment
I am very glad that I found Interactive Brokers, because it is convenient to work with — the service is well made and streamlined, the user account is convenient, and you can trade on different platforms and use robots. There are a lot of tools for traders. In general, their approach to work is serious.
-
Comment
I recently started trading with interactive brokers, but I am already trading on a live account. There is no delay in withdrawing money, the execution is excellent, and they make life easier for traders, as they allow you to trade with different strategies. You can try whatever you want and the choice of platforms is amazing, so there is a space for experiments.
-
Comment
There are no problems with Interactive Brokers. All trading operations are carried out as needed. There is a license and regulators, and that definitely says a lot.
-
Comment
Attempts to successfully invest funds haven’t always brought me the positive results that were promised to me by the brokers with whom I worked. I had to start searching, and those who search always find. I found interactive brokers. As a result, in six months, I doubled the money invested. I hope that I will stay here for a long time.
-
Comment
No worries with Interactive Brokers. I know for sure that the company will not let you down. How many years here and only a positive opinion about Interactive Brokers. Always, on all thematic resources, I advise this company.
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.