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

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

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.

VISIT ETX CAPITAL
Vantage FX
9.2 /10

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.

VISIT VANTAGE FX
Axitrader
9.9 /10

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.

VISIT AXITRADER
About

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

Vantage FX is regulated by ASIC. Vantage FX have provided Forex, CFD, Binary Options trading services since 2009.

Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007.

Why choose them?
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters One Broadgate, London. EC2M 2QS Level 29, 31 Market Street, Sydney NSW, 2000 Australia 36 Leadenhall Street, London EC3A 1 AT, United Kingdom

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes No Yes
Social Trading Yes Yes Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 60 80
Commodities Offered 16 6
Stocks Offered 5000 0
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No No
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei No Yes No
ETFs Yes No No
IPO Yes No No
See all instruments

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

See all instruments

Losses can exceed deposits

See all instruments

68.5% 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.

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 Yes Yes
WebTrader Yes Yes Yes
Mirror Trader Yes Yes No
ZuluTrade No Yes Yes
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms TraderPro MyFXBook AutoTrade No

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

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

English and Mandarin

English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic

See platform & features

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

See platform & features

Losses can exceed deposits

See platform & features

68.5% 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.

ACCOUNT INFORMATION

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

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

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

See account options

Losses can exceed deposits

See account options

68.5% 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.

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 Yes Yes
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade None 20,000 lot 100 Lots
Min deposit $100 $100 $1

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 No
Neteller Yes Yes Yes
Skrill No No Yes
Payment processing time 1 business day 1 business day Instant via debit/credit card
Withdrawal processing time 2-5 business days 1 business day Same or next day with local payments. International payments take 3-5 days.
See all funding options

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

See all funding options

Losses can exceed deposits

See all funding options

68.5% 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.

DETAILED INFO

Excluded countries US, JP, NG, PK US, JP, NG, PK US, JP
Contact email Send Email Send Email Send Email
Phone number +44 (0) 20 7392 1494 +61 2 8999 2046 44 207 096 7488
Live Chat No Yes No
Website https://www.etxcapital.com https://www.vantagefx.com/ www.axitrader.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.6 pips Not offered 0.2 pips
GBP/USD (Average: 1.1 pips) 1.2 pips Not offered 0.6 pips
USD/JPY (Average: 1.1 pips) 1.4 pips Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 1.4 pips Not offered 0.1 pips
USD/CHF (Average: 2.3 pips) 3.0 pips Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 2.6 pips Not offered 0.2 pips
NZD/USD (Average: 3.6 pips) 2.0 pips Not offered 0.2 pips
EUR/GBP (Average: 2.4 pips) 1.0 pips Not offered 0.2 pips
View all spreads

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

View all spreads

Losses can exceed deposits

View all spreads

68.5% 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.

FEES

Inactivity Fee Yes No No
Commission Yes $3 per lot one way Yes
Deposit Fee No Varies None
Withdrawal Fee No $0- $25 None
View All Fees

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

View All Fees

Losses can exceed deposits

View All Fees

68.5% 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.

Featured In Best Brokers For Commodities
Best Brokers For Metals
Best FTSE100 Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Best Brokers For Hedging
Best Brokers For Expert Advisors
Best 5 Digit Brokers
Best Brokers With VPS
Best Brokers For Indices
Best Brokers For Copper
Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Last update

All information collected from https://www.etxcapital.com. Last updated on 01/09/2019.

All information collected from https://www.vantagefx.com/. Last updated on 01/09/2019.

All information collected from www.axitrader.com. Last updated on 01/09/2019.

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.

Vantage FX is an online forex and binary options trading service provider who are regulated by the ASIC. To open an account with Vantage FX, minimum deposits start from $100.

With Vantage FX you can trade Currencies, commodities, and indices. If you like to trade on the go, Vantage FX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Vantage FX offer MetaTrader 4, MetaTrader 4 for Mac, Binary Options, MT4 WebTrader, MetaTrader 4 Mobile Apps, MAM/PAMM, MyFXBook AutoTrade, ZuluTrade platforms to make your trades and support 3 different languages.

The spreads offered by Vantage FX for the most popular instruments are:
0.1 EUR/USD, 2 FTSE 100, 40 GOLD,
0.6 GBP/USD, 3 DOW/JONES, 7 Crude Oil,
see all the spreads here.

Axitrader is an online forex trading sevice provider who are regulated by the Financial Conduct Authority and ASIC. To open an account with Axitrader, minimum deposits start from $200.

With Axitrader you can trade 61 FX pairs, metals, and CFDs. If you like to trade on the go, Axitrader have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Axitrader offer MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader's Multi Account Manager platforms to make your trades and support 6 different languages.

They also offer a free demo account for traders who want to refine their trading skills.

The spreads offered by Axitrader for the most popular instruments are:
0.6 EUR/USD, 0.5 FTSE 100, 0.5 GOLD,
1 GBP/USD, 1 DOW/JONES, 0.5 Crude Oil,
see all the spreads here.



For more information about trading with Axitrader, we have put together an indepth Axitrader 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
ETX Capital vs IC Markets
ETX Capital vs City Index

Popular comparisons feat. Vantage FX

Vantage FX Alternatives

ETX Capital vs Vantage FX
ETX Capital vs Core Spreads
IG vs ETX Capital
Plus500 vs XM
ZuluTrade vs etoro

Popular comparisons feat. Axitrader

Axitrader Alternatives

Axitrader vs Pepperstone
Axitrader vs IC Markets
Axitrader vs XM
Axitrader vs IG
Axitrader vs Oanda

ETX Capital or Vantage FX?

A wide range of instruments or ECN execution?

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, Vantage FX may be more appropriate.

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 to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

ETX Capital is regulated by Financial Conduct Authority, while Vantage FX is regulated by ASIC.

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.

Axitrader 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 Vantage FX have been around for 10 years. Our third alternative broker, Axitrader, have been around for 12 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.

Both ETX Capital and Vantage FX use tier one banks, but we are not sure of which bank specifically.

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.

We’re not aware of any penalties or fines imposed by regulators on ETX Capital or Vantage FX in the past five years.

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.

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 Vantage FX 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 Vantage FX are based in Level 29, 31 Market Street, Sydney NSW, 2000 Australia .

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 Vantage FX offer forex trading. ETX Capital have a slightly larger variety of currency pairs with 60 pairs, compared to offered by Vantage FX. 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 Vantage FX does not offer commodity trading.

ETX Capital and Vantage FX 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 Vantage FX offer this. Vantage FX also offer the new & improved MT5 platform. Our alternative broker, Axitrader, 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 Vantage FX also allows scalping and hedging. You can trade with EAs (expert advisors) on both ETX Capital and Vantage FX.

In terms of risk management tools, neither ETX Capital or Vantage FX 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 Vantage FX 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 Vantage FX charges points. Therefore, Vantage FX 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 Vantage FX?

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.