image ETX Capital VISIT ETX CAPITAL image Instaforex VISIT INSTAFOREX image IG VISIT IG
About

ETX Capital is regulated by the Financial Conduct Authority. ETX Capital have provided Forex, CFDs, spread betting and social trading services since 2002.

InstaForex are regulated by CySEC. They were founded in 2007 and are used by over 7,000,000 traders.

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 11 years in business
  • Yes Used by 7,000,000 traders
  • Yes Offers swap-free accounts
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters One Broadgate, London. EC2M 2QS Kaliningrad, Russia London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes No Yes
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 60 107 90
Commodities Offered 16 2 34
Stocks Offered 5000 88 8000
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes No Yes
Dow Jones Yes No Yes
Dax Yes No Yes
Nikkei No No Yes
ETFs Yes No Yes
IPO Yes No Yes
See all instruments

79.6% of retail investor accounts lose money when trading CFDs with ETX

See all instruments

50% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac Yes No Yes
WebTrader Yes Yes Yes
Mirror Trader Yes Yes No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms TraderPro No ProRealTime & L2 Dealer

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes No
Available Languages

English, French, Spanish, German, Polish, Czech, Greek and Mandarin

Arabic, Chinese, English, Portuguese, Russian, Spanish, and Indonesian

English, French, German, Spanish, and Portuguese

See platform & features

79.6% of retail investor accounts lose money when trading CFDs with ETX

See platform & features

50% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by ETX Capital and Instaforex

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes Yes No
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No Yes No
Zero spread account No Yes No
VIP account Yes No Yes
Fixed spreads Yes Yes No
Variable spreads Yes Yes Yes
See account options

79.6% of retail investor accounts lose money when trading CFDs with ETX

See account options

50% of retail investor accounts lose money when trading CFDs with this provider.

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

TRADING CONDITIONS

Scalping No Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No Yes Yes
Direct market access No No Yes
STP broker No Yes Yes
Market maker Yes Yes No
Min trade 0.01 Lot 0.01 Lot £1
Max trade None 1,000 Lot Variable
Min deposit $100 $1 $250

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes Yes Yes
Signal trading Yes Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes No
Skrill No No No
Payment processing time 1 business day 1-2 business days Varies
Withdrawal processing time 2-5 business days 1-6 business days Varies
See all funding options

79.6% of retail investor accounts lose money when trading CFDs with ETX

See all funding options

50% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

DETAILED INFO

Excluded countries US US BE,FR,IN,IL,PL,ZW
Contact email Send Email Send Email Send Email
phone number +44 (0) 20 7392 1494 7 (812) 4580354 44 20 7633 5300
Live Chat No Yes Yes
Website https://www.etxcapital.com https://www.instaforex.com/ http://www.ig.com/
Forex Spreads
EUR/USD 0.60 0.60
GBP/USD 0.90 0.90
USD/JPY 0.90 0.70
AUD/USD 1.4 2 0.6
Cryptocurrency Spreads N/A 10
View all FX spreads

79.6% of retail investor accounts lose money when trading CFDs with ETX

View all FX spreads

50% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

INDICE SPREADS
Dax 30 1.0 1.0
Nasdaq 100 1.0 1.0
Euro Stoxx 50 2.0 1.5
ASX 200 1.0
S&P 500 N/A 0.4
FTSE 100 1.0 1.0
Google N/A 1 to 20
Facebook N/A 4 points per side
View all spreads

79.6% of retail investor accounts lose money when trading CFDs with ETX

View all spreads

50% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

FEES

Inactivity Fee Yes Yes Yes
Commission Yes Yes, $30 Yes (0.1%)
Deposit Fee No No Varies
Withdrawal Fee No Yes No
View All Fees

79.6% of retail investor accounts lose money when trading CFDs with ETX

View All Fees

50% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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Last update

All information collected from https://www.etxcapital.com. Last updated on 01/06/2019.

All information collected from https://www.instaforex.com/. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

Company

Used by over 51,000 traders, ETX Capital are a well-established spread betting broker.

ETX Capital offer over 50 currency pairs, and are renowned for their tight spreads starting from 0.7 for EUR/USD (you can see their spreads here). They offer a range of platforms with fixed or variable spreads to suit your trading style.

ETX Capital were established in 2002 and have been servicing traders for over a decade. They are regulated by the UK's Financial Conduct Authority. You can start trading with ETX Capital here.

For more information about trading with ETX Capital, we have put together an indepth ETX Capital review with some of the pros and cons about this broker.

InstaForex are regulated by CySEC. They were founded in 2007 and are used by over 7,000,000 traders.

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

Popular comparisons

Popular comparisons feat. ETX Capital

ETX Capital Alternatives

ETX Capital vs Markets.com
ETX Capital vs Plus500
ETX Capital vs IG
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ETX Capital vs City Index

Popular comparisons feat. Instaforex

Instaforex Alternatives

ETX Capital vs Instaforex
Core Spreads vs Instaforex
Plus500 vs Instaforex
IG vs Instaforex
Avatrade vs Instaforex

Popular comparisons feat. IG

IG Alternatives

IG vs CMC Markets
IG vs ETX Capital
IG vs Plus500
IG vs City Index
IG vs Core Spreads

ETX Capital or Instaforex?

Low spreads or accepts Scalping?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, ETX Capital is likely a better option. However, if you want a broker that allows you to scalp as a trading strategy, Instaforex may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider ETX Capital and Instaforex to be equally reliable. We’ve broken down why below:

Who are they regulated by?

ETX Capital is regulated by Financial Conduct Authority, while Instaforex is regulated by CySEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, ETX Capital will have very strict guidelines to follow to ensure they protect their retail trader clients.

IG are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

ETX Capital has been around for 17 years, while Instaforex have been around for 12 years. Our third alternative broker, IG, have been around for 45 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

ETX Capital uses tier one banks as their banking partner.Instaforex does not use tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Instaforex is more popular with over 7,000,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both ETX Capital and Instaforex are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

ETX Capital are based in One Broadgate, London. EC2M 2QS, while Instaforex are based in Kaliningrad, Russia.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both ETX Capital and Instaforex offer forex trading. Instaforex have a slightly larger variety of currency pairs with 107 pairs, compared to 60 offered by ETX Capital. Also, if you’re looking to trade cryptocurrencies, ETX Capital offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, ETX Capital may be a better fit as Instaforex does not offer commodity trading.

ETX Capital and Instaforex both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both ETX Capital and Instaforex offer this. Instaforex also offer the new & improved MT5 platform. Our alternative broker, IG, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. ETX Capital, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

ETX Capital does not allow scalping but allows hedging. While Instaforex also allows scalping and hedging. You can trade with EAs (expert advisors) on both ETX Capital and Instaforex.

In terms of risk management tools, neither ETX Capital or Instaforex offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

ETX Capital also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

ETX Capital accept Neteller while Instaforex accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, ETX Capital charges 0.60 points, while Instaforex charges points. Therefore, Instaforex is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: ETX Capital or Instaforex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Instaforex is more reliable based on our criteria above. ETX Capital has a wider range of instruments to trade. Instaforex offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.