ETX Capital vs IG Markets

If you are reading this article, you’re likely having trouble deciding whether ETX Capital or IG Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this ETX Capital vs IG Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

Feature ETX Capital (visit site) IG Markets (visit site)
ETX Capital OANDA
Headquarter: United Kingdom United Kingdom
Regulation :
CySEC, FCA FCA
Type of Broker:
Market Maker Market Maker
U.S. Clients Allowed:
Minimum Deposit:
$100 $250
Maximum Leverage:
1:30 N/A
Commissions / Spreads:
Both Both
Account 1:
CFD CFD
Account 2:
Spread Betting Spread Betting
Account 3:
Share Dealing
Account 4:
ISA/SIPP
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:
  • English
  • English
  • Chinese
  • Other
Support Hours:
24/5 24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:

Features and Platforms

Traders at ETX Capital get an advanced trading platform, ETX TraderPro. MT4 is also available together with the ETX MT4 Remastered upgrade. An excellent research section enhances the overall competitive trading environment. ETX Capital also provides a high-quality educational offering for beginner traders in partnership with Corellian Academy. IG Markets remains the biggest CFD broker with deep liquidity, which it also provides to other retail brokers. Traders may choose between a range of trading platforms, including its proprietary web-based browser, MT4, ProReal Time, and L2 Dealer, plus valuable trading tools.

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Feature ETX Capital IG Markets
Type of Platform: MetaTrader 4, Proprietary platform, Web-based MetaTrader 4, Proprietary platform, Web-based, Other
Platform Languages:
  • English
  • Other
  • English
  • Other
OS Compatibility:
  • Windows
  • Mobile
  • Web
  • iPhone
  • iPad
  • Windows
  • Mobile
  • Web
  • iPhone
  • iPad
Trading Signals:
Charting Package:
Market Analysis:
Chart Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Guaranteed Execution:
One-click Execution:
Interest on Margin:
Web-based Trading:
Mobile Trading:

Available Markets

Both brokers rank among the best ones for Forex traders. ETX Capital presents 75 currency pairs and 26 Forex forward contracts, while IG Markets counters 102 currency pairs, three of which belong to a new class of weekend pairs. Neither brokers present a broad choice of cryptocurrency pairs, with seven at ETX Capital and IG Markets. Overall, the former presents 5,000+ CFDs versus 17,000+ at the latter. IG Markets also writes CFDs if sufficient demand from clients exists. While both brokers present traders with a competitive choice of available markets, IG Markets takes the lead with unparalleled capacity.

Feature ETX Capital IG Markets
ETFs:
CFDs:
Commodities:
Metals:
Stocks:
Oil:
Gold:
Binary Options:
Indices:

Typical Spreads and Fees

ETX Capital and IG Market present a commission-free pricing environment with a minimum spread of 0.6 pips or $6.00 per 1.0 standard lot. Regrettably, ETX Capital limits it to traders using its proprietary trading platform. Otherwise, the cost increases to 0.8 pips or $8.00. Both brokers deploy industry-average CFDs commission commencing from 0.10%, but fees increase depending on the asset. Given the volume-based rebate program at IG Markets, high-frequency and high-volume traders will obtain a superior pricing environment. Traders will pay swap rates on leveraged overnight positions and third-party payment processor fees at both brokers alike.

Security and Trust

The UK Financial Conduct Authority (FCA) is the primary regulator of Monecor (London) Ltd, of which ETX Capital is a brand name, and IG Markets. Swiss private equity firm Guru Capital purchased Monecor (London) Ltd and its CySEC-regulated sister company Monecor (Europe) Ltd. (ex Investments and Insurance Advisers and Sub Agents Limited) in 2020. IG Markets is a publicly listed company and a constituent of the FTSE 250, confirming fiscal stability. It also maintains several subsidiaries in various regulatory jurisdictions. Both brokers segregate client deposits from corporate funds, offer negative balance protection, and have an exemplary record.

ETX Capital vs IG Markets – Verdict

A secure and trustworthy trading environment is paramount to the success of all traders. ETX Capital and IG Markets deliver an exceptional one, enhanced with competitive trading platform choices, where IG Markets takes the lead. MT4 traders get the ETX MT4 Remastered upgrade but must accept an increase in trading costs of 33% compared to using the proprietary trading platform. IG Markets supports algorithmic and API trading. Beginner traders will benefit from the ETX Trading Academy and the IG Academy, where valuable in-depth content awaits. While the commission-free and the commission-based pricing environment remains identical, IG Markets maintains a volume-based rebate program, making it more attractive to high-volume traders. Both brokers also provide high-quality research content and remain overall similar. Most retail traders will find the core trading environment at ETX Capital and IG Markets identical. The final choice between both brokers depends on individual preferences.

FAQs

How many Forex pairs and CFDs are available to trade?

Forex traders at ETX Capital get 101 currency pairs versus 102 at IG Markets. Overall, ETX Capital maintains 5,000+ CFDs, while IG Markets provides clients with 17,000+.

Does ETX Capital or IG Markets offer lower pricing?

Both brokers feature a commission-free Forex pricing environment from 0.6 pips per 1.0 standard lot or $6, but ETX charges 0.8 pips for MT4 traders. Equity commissions start from 0.10%, but IG Markets also has a volume-based rebate program, granting it an overall edge.

What about MetaTrader and copy trading?

The MT4 trading platform is available at both brokers, where ETX Capital deploys its ETX MT4 Remastered upgrade, and IG Markets supports API trading. MT4 comes with an integrated copy trading platform.

Which broker is better for beginner traders?

Beginner traders get access to valuable education at ETX Capital and IG Markets alike.