Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
ETX Capital
9.2
/10
VISIT ETX CAPITAL
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
JFD Wealth
7.9
/10
VISIT JFD WEALTH
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
AvaTrade
9.7
/10
VISIT AVATRADE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
ETX Capital is regulated by the Financial Conduct Authority. ETX Capital have provided Forex, CFDs, spread betting and social trading services since 2002. |
JFD Wealth is regulated by CySEC. JFD Wealth have provided Forex, CFD, Indices, ETF trading services since 2011. |
AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. |
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Why choose them? |
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Headquarters | One Broadgate, London. EC2M 2QS | Limassol, Cyprus | Dublin, Ireland | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 60 | 59 | ||
Commodities Offered | 16 | 16 | ||
Stocks Offered | 5000 | 99 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
79.6% of retail investor accounts lose money when trading CFDs with ETX |
See all instruments
68% of the retail investor accounts lose money when trading CFDs with JFD Brokers |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | TraderPro | GUIDANTS, AGENATRADER | AvaTradeAct, AVAOptions | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, French, Spanish, German, Polish, Czech, Greek and Mandarin |
English, German, Russian, French, and Czech |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
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See platform & features
79.6% of retail investor accounts lose money when trading CFDs with ETX |
See platform & features
68% of the retail investor accounts lose money when trading CFDs with JFD Brokers |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by ETX Capital and JFD Wealth |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
79.6% of retail investor accounts lose money when trading CFDs with ETX |
See account options
68% of the retail investor accounts lose money when trading CFDs with JFD Brokers |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | 0.01 Lot | |
Max trade | None | 1,000 Lot | None | |
Min deposit | $100 | $500 | $100 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1 business day | 1 business day | Varies | |
Withdrawal processing time | 2-5 business days | 2-3 business days | Varies | |
See all funding options
79.6% of retail investor accounts lose money when trading CFDs with ETX |
See all funding options
68% of the retail investor accounts lose money when trading CFDs with JFD Brokers |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | BE,BR,NZ,US,KE,IN,GH | |||
Contact email | Send Email | Send Email | Send Email | |
Phone number | +44 (0) 20 7392 1494 | 357 25 878530 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | https://www.etxcapital.com | https://www.jfdbrokers.com/ | http://www.avatrade.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 0.6 pips | Not offered | 0.9 pips | |
GBP/USD (Average: 1.1 pips) | 1.2 pips | Not offered | 1.6 pips | |
USD/JPY (Average: 1.1 pips) | 1.4 pips | Not offered | 1.1 pips | |
AUD/USD (Average: 0.8 pips) | 1.4 pips | Not offered | 1.1 pips | |
USD/CHF (Average: 2.3 pips) | 3.0 pips | Not offered | 1.6 pips | |
USD/CAD (Average: 2.9 pips) | 2.6 pips | Not offered | 2.0 pips | |
NZD/USD (Average: 3.6 pips) | 2.0 pips | Not offered | 1.8 pips | |
EUR/GBP (Average: 2.4 pips) | 1.0 pips | Not offered | 1.5 pips | |
View all spreads
79.6% of retail investor accounts lose money when trading CFDs with ETX |
View all spreads
68% of the retail investor accounts lose money when trading CFDs with JFD Brokers |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | Yes | No | No | |
Commission | Yes | Yes | No | |
Deposit Fee | No | Yes | No | |
Withdrawal Fee | No | Yes | No | |
View All Fees
79.6% of retail investor accounts lose money when trading CFDs with ETX |
View All Fees
68% of the retail investor accounts lose money when trading CFDs with JFD Brokers |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider. |
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Featured In | Best Brokers For CommoditiesBest Brokers For MetalsBest FTSE100 BrokersBest DAX BrokersBest FCA Regulated Brokers | Best Brokers For Expert AdvisorsBest Brokers With VPSBest Brokers For IndicesBest FCA Regulated BrokersBest CySEC Regulated Brokers | Best MT4 BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Ripple BrokersBest Litecoin Brokers | |
Last update |
All information collected from https://www.etxcapital.com. Last updated on 01/01/2021. |
All information collected from https://www.jfdbrokers.com/. Last updated on 01/01/2021. |
All information collected from http://www.avatrade.com/. Last updated on 01/01/2021. |
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Company |
Used by over 51,000 traders, ETX Capital are a well-established spread betting broker. |
JFD Wealth is an online forex trading sevice provider who are regulated by CySEC. To open an account with JFD Wealth, minimum deposits start from $500. |
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. |
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Popular comparisons |
Popular comparisons feat. ETX Capital
ETX Capital vs Markets.com |
Popular comparisons feat. JFD Wealth
ETX Capital vs JFD Wealth |
Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you’re a trader looking for a broker that offers a wide variety of instruments to trade, ETX Capital is likely the better option out of these brokers. However, if you want a broker with ECN execution, JFD Wealth may be more appropriate.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider ETX Capital to be the more reliable broker. We’ve broken down why below:
ETX Capital is regulated by Financial Conduct Authority, while JFD Wealth is regulated by Financial Conduct Authority, CySEC.
AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
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 19 years, while JFD Wealth have been around for 10 years. Our third alternative broker, AvaTrade, have been around for 15 years.
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.
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.
Both ETX Capital and JFD Wealth use tier one banks, but we are not sure of which bank specifically.
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.
We’re not aware of any penalties or fines imposed by regulators on ETX Capital or JFD Wealth in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
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 JFD Wealth are privately owned companies.
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 JFD Wealth are based in Limassol, Cyprus .
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:
If you’re looking to trade currency pairs, both ETX Capital and JFD Wealth offer forex trading. ETX Capital have a slightly larger variety of currency pairs with 60 pairs, compared to offered by JFD Wealth. 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 JFD Wealth does not offer commodity trading.
ETX Capital also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
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 JFD Wealth offer this. Our alternative broker, AvaTrade, 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.
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 JFD Wealth also allows scalping and hedging. You can trade with EAs (expert advisors) on both ETX Capital and JFD Wealth.
In terms of risk management tools, neither ETX Capital or JFD Wealth 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.
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 JFD Wealth charges points. Therefore, JFD Wealth 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.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, ETX Capital is more reliable based on our criteria above. ETX Capital has a wider range of instruments to trade. ETX Capital 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.