This comparison overview helps users who have a hard time to select in between ETX Capital and IC Markets to locate the best online broker for their trading and investment requirements. It evaluates the highlights of the two brokers alongside to aid users contrast their service and make an educated choice.
To assist users pick the ideal broker between ETX Capital and IC Markets to discover the best-suited system, listed below is a list of broker’s pros and cons, followed by a comparison of their major trading attributes, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, possessions, law, and consumer assistance.
ETX Capital vs. IC Markets: Summary
ETX Capital is a UK based brokerage firm founded in 1965. It offers access to over 6000 tradable instruments including shares, forex, commodities, crypto and CFDs. ETX Capital offers a variety of trading platforms and features including a pro version platform, copy trading app and MT4 integration.
ETX Capital charges competitive trading fees and offers multiple advanced order types including GTC, GSLO, and OCO.
ETX Capital customer service is available 24-7 through email, live chat, and phone.
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
Pros
- Low spreads from 0.6 pips EUR/USD
- Compatibility with MT4
- Great choice of different trading platforms (desktop and mobile)
- Fast account opening
- Very good for Research and Education
Cons
- The offer (and choice) of trading instrument could be better
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Key features
- Low overall trading fees
- Compatibility with MT4
- Wide range of educational materials
- Low, floating spreads
- Advanced order types
- Free unlimited demo trading account
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
ETX Capital vs. IC Markets Comparison
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ETX Capital
IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 400:1 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | No |
| Deposit Fee | 0 | No |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | $3.5 per lot |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.6 pips | 1.2 pips |
| Stocks & ETF | 0.4 pips | 0 |
| CFD (Gold) | 0.4 pips | 0 |
| Crypto | Variable | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0.01% | |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $200 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 40 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 62 | 75 |
| CFD Indices & Funds | 30 | 25 |
| CFD Stocks | 5000 | 2100+ |
| CFD Commodities | 29 | 28 |
| CFD Crypto | 4 | 13 |
| CFD Bonds | 11 | 9 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
ETX Capital vs. IC Markets Comparison Conclusion
The outcomes of our contrast of ETX Capital vs. IC Markets are involved the table listed below.
| Broker: | Best For: |
| ETX Capital | Forex and CFD trading |
| IC Markets | Forex and CFDs; Algorithmic Trading |
Choosing the best choice between ETX Capital and IC Markets can be challenging. Both online brokers have similarities but differ pertaining to trading instruments, platforms & applications, policy, down payment & withdrawals, and research and education and learning. Selecting the most effective broker relies on customers’ trading & financial investment goals, private choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.