The best alternatives to ETX Capital are
- XTB - Global CFD and forex broker
- XM - Global CFD and forex broker
- eToro - Global social trading broker
- Plus500 - Global CFD broker
Let's see in a bit more detail how the ETX Capital alternatives compare to ETX Capital and each other:
| ETX Capital | XTB | XM | eToro | Plus500 | |
|---|---|---|---|---|---|
| Overall score | 4.4 | 4.6 | 4.4 | 4.7 | 4.3 |
| Fees score | 3.0 stars | 3.7 stars | 3.5 stars | 4.3 stars | 2.9 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.5 stars | 5.0 stars | 3.5 stars | 5.0 stars |
| Web platform score | 4.0 stars | 4.4 stars | 2.8 stars | 4.4 stars | 4.4 stars |
| Markets and products score | 1.8 stars | 2.8 stars | 2.5 stars | 3.8 stars | 1.9 stars |
|
Open account
82% of retail CFD accounts lose money |
Open account
75.55% of retail CFD accounts lose money |
Open account
Your capital is at risk |
Open account
76.4% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to ETX Capital? There are many areas based on which ETX Capital can be compared with others. When we say a given online broker is a good alternative to ETX Capital we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
ETX Capital alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- ETX Capital is recommended for forex and cfd traders looking for great funding and withdrawal options and an easy-to-use platform
- XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
- XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
- eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
- Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience
Important factors of finding ETX Capital alternatives
So far BrokerChooser has reviewed 78 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether ETX Capital or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts ETX Capital charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than ETX Capital.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At ETX Capital this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at ETX Capital, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given ETX Capital alternative is a must.
Now let's dive into the details of how ETX Capital and its alternatives perform in the most important areas!
ETX Capital alternatives
ETX Capital
ETX Capital is a global CFD and FX broker. Its parent company, Monecor (London) Ltd was established in 1965 and is regulated by the Financial Conduct Authority (FCA) making it safe to invest your money with.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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.
Recommended for forex and cfd traders looking for great funding and withdrawal options and an easy-to-use platform
| Pros | Cons |
|---|---|
| • Free and multiple deposit and withdrawal options | • High trading fees |
| • Easy and fast account opening | • Only CFDs, forex, and crypto offered |
| • Great educational tools | • Basic research tools |
Fees
ETX Capital has high trading fees and financing rates. The non-trading fees are average. On the plus side, there are no withdrawal fees.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High forex fees |
| • High financing rate |
| ETX Capital | XTB | XM | eToro | Plus500 | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $3.0 | $1.4 | $1.6 | $1.5 | $2.3 |
| Europe 50 index CFD fee | $2.9 | $1.8 | $2.4 | $2.7 | $2.9 |
| EURUSD benchmark fee | $6.7 | $8.3 | $9.5 | $8.8 | $11.8 |
| GBPUSD benchmark fee | $4.7 | $6.0 | $8.4 | $8.5 | $9.6 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX
Account opening
ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| ETX Capital | XTB | XM | eToro | Plus500 | |
|---|---|---|---|---|---|
| Minimum deposit | $100 | $0 | $5 | $200 | $100 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about ETX Capital minimum deposit here.
Deposit and withdrawal
ETX Capital's deposit and withdrawal are free, the processes are fast, and can be done in several methods.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| ETX Capital | XTB | XM | eToro | Plus500 | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | No | Yes | Yes | Yes |
| Electronic wallets | Yes | No | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $5 | $0 |
Web trading platform
ETX Capital has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks two-step login and a clear fee report.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Good search function | • No two-step (safer) login |
| • Good customizability (for charts, workspace) |
| ETX Capital | XTB | XM | eToro | Plus500 | |
|---|---|---|---|---|---|
| Web platform score | 4.0 stars | 4.4 stars | 2.8 stars | 4.4 stars | 4.4 stars |
| Mobile platform score | 4.5 stars | 4.4 stars | 3.8 stars | 4.9 stars | 4.9 stars |
| Desktop platform score | 3.4 stars | 4.4 stars | 3.4 stars | - | - |
Learn more about ETX Capital's web trading platform in the detailed ETX Capital review.
Markets and products
At ETX Capital, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.
| ETX Capital | XTB | XM | eToro | Plus500 | |
|---|---|---|---|---|---|
| Stock | No | Yes | Yes | Yes | No |
| ETF | No | Yes | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | No |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | No | Yes | No |
Verdict
ETX Capital is regulated by the top-tier FCA.
On the plus side, you can use a lot of deposit and withdrawal options and they are free of charge. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.
ETX Capital has some drawbacks though. The trading fees are quite high. Its product range is limited to FX, CFDs, and cryptos. The research tools are limited.
As there is only a small minimum deposit, there are 5 free withdrawals, and inactivity fee only kicks in after three months, feel free to try ETX Capital.
| ETX Capital | |
|---|---|
| Summary | ETX Capital is a global forex and CFD broker regulated by the UK FCA. Its parent company, Monecor (London) Ltd is listed on the London Stock Exchange. |
| Fees score | 3.0 stars |
| Recommended for | Forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform |
ETX Capital alternatives
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
| • Low forex fees | • High fees for stock CFDs |
| • Free and fast deposit and withdrawal | • Product portfolio limited mostly to CFDs and FX |
| • Easy and fast account opening | • Limited fundamental data |
Fees
XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Free withdrawal for transfers above $100 |
| XTB | ETX Capital | |
|---|---|---|
| Apple benchmark fee | $17.3 | $33.6 |
| Vodafone benchmark fee | $20.8 | $29.3 |
| EURUSD benchmark fee | $8.3 | $6.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| XTB | ETX Capital | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in XTB minimum deposit, this overview will help you.
Deposit and withdrawal
XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| XTB | ETX Capital | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| XTB | ETX Capital | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.4 stars | 4.5 stars |
| Desktop platform score | 4.4 stars | 3.4 stars |
Learn more about XTB's web trading platform in the detailed XTB review.
Markets and products
XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| XTB | ETX Capital | |
|---|---|---|
| Stock | Yes | No |
| ETF | Yes | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
| XTB | |
|---|---|
| Summary | XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec. |
| Fees score | 3.7 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
Want to stay in the loop?
Sign up to get notifications about new BrokerChooser articles right into your mailbox.
ETX Capital alternatives
XM
XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009. Trading Point Holding has two brands, XM and Trading.com.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).
Trading.com is available only for most EEA residents and is regulated by the UK's Financial Conduct Authority (FCA).
In this review, we will focus on the XM brand.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.55% 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.
Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
| Pros | Cons |
|---|---|
| • Low CFD and withdrawal fees | • Limited product portfolio |
| • Easy and fast account opening | • Average forex fees |
| • Great educational tools | • No investor protection for non-EU clients |
Fees
XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex fees are only average, and there is a fee for inactivity.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • Inactivity fee |
| • Low CFD fees | • Average FX fees |
| XM | ETX Capital | |
|---|---|---|
| Apple benchmark fee | $6.4 | $33.6 |
| Vodafone benchmark fee | $1.2 | $29.3 |
| EURUSD benchmark fee | $9.5 | $6.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
XM account opening is hassle-free and straightforward. You may be able to trade on your account already on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XM | ETX Capital | |
|---|---|---|
| Minimum deposit | $5 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in XM minimum deposit, this overview will help you.
Deposit and withdrawal
XM's deposit and withdrawal processes are fast and inexpensive, and offer you several options.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Several account base currencies | |
| • Free wire withdrawal above $200 |
| XM | ETX Capital | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
XM's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| XM | ETX Capital | |
|---|---|---|
| Web platform score | 2.8 stars | 4.0 stars |
| Mobile platform score | 3.8 stars | 4.5 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about XM's web trading platform in the detailed XM review.
Markets and products
XM provides CFDs and forex for all clients, while real stocks are available only for clients opening their accounts under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
| XM | ETX Capital | |
|---|---|---|
| Stock | Yes | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | No | Yes |
Verdict
XM is regulated by several authorities globally, including the top-tier ASIC.
On the plus side, we liked the low CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.
XM has some drawbacks though. Its product range is limited to FX and CFDs. Its forex fees are average, and non-EU customers are not covered by any investor protection.
We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| XM | |
|---|---|
| Summary | XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. |
| Fees score | 3.5 stars |
| Recommended for | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
ETX Capital alternatives
eToro
eToro is a well-known Israeli fintech company, a social trading broker, established in 2007.
eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.
eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Seamless account opening | • Withdrawing money can be slow |
| • Social trading experience | • Only one account base currency |
Fees
eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee |
| • Free stock trading | • Monthly inactivity fee after 1 year of no trading |
| • Low CFD fees |
| eToro | ETX Capital | |
|---|---|---|
| Apple benchmark fee | $6.7 | $33.6 |
| Vodafone benchmark fee | - | $29.3 |
| EURUSD benchmark fee | $8.8 | $6.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at eToro is seamless and very fast.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| eToro | ETX Capital | |
|---|---|---|
| Minimum deposit | $200 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in eToro minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only one account base currency |
| • No deposit fee | • $5 withdrawal fee |
| • User-friendly | • Conversion fee for non-USD deposits |
| eToro | ETX Capital | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $5 | $0 |
Web trading platform
eToro offers a user-friendly and well-designed web trading platform. Social trading is available, too. On the other hand, the customizability is limited.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | ETX Capital | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.9 stars | 4.5 stars |
| Desktop platform score | - | 3.4 stars |
Learn more about eToro's web trading platform in the detailed eToro review.
Markets and products
At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker offers innovative services like social trading and CopyPortfolio.
| eToro | ETX Capital | |
|---|---|---|
| Stock | Yes | No |
| ETF | Yes | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
eToro has zero-commission stock trading. Account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders.
It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.
Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.
Risk disclaimer
eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
| eToro | |
|---|---|
| Summary | eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. |
| Fees score | 4.3 stars |
| Recommended for | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
ETX Capital alternatives
Plus500
Plus500 is a London Stock Exchange-listed global CFD broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Plus500 is considered safe because it is listed on a stock exchange, discloses its financials and is regulated by several top-tier financial authorities.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% 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.
Disclaimer for daytraders: At Plus500, scalping is defined as "A trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.
a trading strategy based on the notion that Client transactions are opened and closed within two (2) minutes limit in order to accumulate quick profits from small price changes
Recommended for experienced traders looking for an easy-to-use platform and a great user experience
| Pros | Cons |
|---|---|
| • Easy-to-use platform | • Limited product range, only CFDs |
| • Low CFD fees | • Minimal research tools |
| • Great account opening | • Mediocre educational section |
Fees
Plus500 has low CFD fees and average forex fees. The non-trading fees are average as well. Although the broker charges an inactivity fee, it is applied only if you are not even logging in to your account.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • No withdrawal fee |
| Plus500 | ETX Capital | |
|---|---|---|
| Apple benchmark fee | $13.5 | $33.6 |
| Vodafone benchmark fee | $10.3 | $29.3 |
| EURUSD benchmark fee | $11.8 | $6.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Plus500 | ETX Capital | |
|---|---|---|
| Minimum deposit | $100 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in Plus500 minimum deposit, this overview will help you.
Deposit and withdrawal
Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and usually free of charge.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • No deposit fee | |
| • Five withdrawals per month free |
| Plus500 | ETX Capital | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Plus500 trading platform is quite easy to use and also looks great. On the negative side, it cannot be customized.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Plus500 | ETX Capital | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.9 stars | 4.5 stars |
| Desktop platform score | - | 3.4 stars |
Learn more about Plus500's web trading platform in the detailed Plus500 review.
Markets and products
At Plus500 you can trade only with CFDs (forex, stock index, stock, ETF, commodity and crypto). Many popular asset classes, like real stocks or ETFs, are not available.
| Plus500 | ETX Capital | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | No | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | No | Yes |
Verdict
Plus500 is a good CFD broker. It is recommended for traders who are aware of the risks of CFD trading. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by alternative regulators, like Plus500 Cyprus. In this case, for example, the Cypriot investor protection would apply to you.
Attention Daytraders! At Plus500, scalping is defined as "a trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." If Plus500 believes you are scalping, your account may be blocked and closed. Therefore, if you plan to execute many trades within 2 minutes, Plus500 is not your broker.
The Plus500 platform is easy to use, providing a great user experience even for first-timers. Spreads are competitive, but financing rates are quite high. Lastly, the account opening process is great.
On the other hand, CFDs are the only product offered, and there are limited research and educational tools.
As there is no minimum balance required, no withdrawal fee for withdrawals of over $100, and the inactivity fee only kicks in after three months, feel free to give Plus500 a try.
| Plus500 | |
|---|---|
| Summary | Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus. |
| Fees score | 2.9 stars |
| Recommended for | Experienced traders looking for an easy-to-use platform and a great user experience |
ETX Capital alternatives
Bottom line
Based on our analysis, there are several good alternatives to ETX Capital. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| ETX Capital | Global CFD and forex broker | Forex and CFD traders looking for great funding and withdrawal options and an easy-to-use platform |
| XTB | Global CFD and forex broker | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
| XM | Global CFD and forex broker | Forex and CFD traders who prefer MetaTrader platforms and seek great account opening |
| eToro | Global social trading broker | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
| Plus500 | Global CFD broker | Experienced traders looking for an easy-to-use platform and a great user experience |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
