Plus500 vs ETX | Broker Comparison
Review Updated: 2022-05-09
So you are looking to compare forex brokers, no doubt you are looking for a forex broker comparison which will help you find who has the best forex spreads and forex leverage. We can help! We have done extensive research of the major forex brokers to bring you a set of results with customisable comparisons between brokers. Use our tool below to make a quick comparison between two forex brokers to see who has what rates and fees. Over on the right of the screen, you will see two drop-down fields. Select the brokers you want to compare. See our full list of broker comparisons here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% 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.
Pros
- Heavily regulated in 11 jurisdictions, including FCA, ASIC and CySEC
- Good transparency on fees, better than average on costs
- Proprietary WebTrader platform and app have won many awards, user-friendly
- More than 2,000 popular asset choices on CFD platform
Cons
- Research and education materials could be more comprehensive
- Customer service has no telephone access
- No MT4 or MT5 trading platform products offered
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. UK: 68.61%, EU: 77.99% of retail investor accounts lose money when spread betting or trading CFDs with OvalX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
Pros
- Heavily regulated, safe and secure broker (FCA, CySEC, FSCA)
- Competitive spreads in currency pairs – 0.7 pips EUR/USD
- MT4 and user-friendly proprietary OvalX platform
- Experienced staff, over two decades in the forex space
Cons
- Limited copy trading offering – MT4 only via EAs
- Research could be better
- No US or Canada customers accepted at this time
Minimum deposit:
100 units of USD, EUR, GBP
250 GBP, EUR, USD
Withdrawal fee amount:
None
None
Inactivity fee charged (Y/N):
Y
N
Max leverage:
1:30
up to 200:1 only for professional traders.
Number of instruments:
2,000+
5,000+
Year founded:
2008
1965 (rebranded as ETX Capital in 2002)
Time to open account:
1-2 business days
Less than 2 business days
Demo account provided (Y/N):
Y
Y
Countries of regulation:
UK, Cyprus, Australia, New Zealand, South Africa, Seychelles, Estonia, Singapore, Israel, US, Japan
UK, Cyprus (EEA MiFID II)
Products offered:
CFDs in forex, indices, shares, commodities, options, ETFs, and cryptocurrencies in limited jurisdictions, stocks on Plus500Invest (available in certain countries)
Forex pairs and CFDs for stocks, indices, ETFs, energies, commodities, metals, cryptocurrencies, spread betting (UK Only)
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