DEGIRO vs ETX | We Compare Brokers
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DEGIRO vs ETX | Broker Comparison

Review By: Ivan Postoian
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.

Degiro logo
4.2
Rating

Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.

Pros
  • Largest online low-cost/commission stockbroker in the EEA
  • Listed on the SDAX in Germany (70 small to mid-cap stocks)
  • Broad access to global stock exchanges, ETFs, bonds, futures and options
  • Garnered many awards, especially for Customer Service

 

Cons
  • No trading in forex except for experienced option traders
  • No demo account
  • Restricted crypto offering
  • No US citizens accepted

 

4.1
Rating

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.2% 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 – 0.6 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

 

Feature
DEGIRO
OvalX
Minimum deposit:
None
250 GBP, EUR, USD
Withdrawal fee amount:
None
None
Inactivity fee charged (Y/N):
N
N
Max leverage:
5:1
30:1 EEA/UK (up to 1:400 in foreign jurisdictions)
Spread from:
N/A
0.6
Number of instruments:
Over 50 exchanges
5,000+
Year founded:
2013 for stock brokerage (Founded in 2008)
1965 (rebranded as ETX Capital in 2002)
Time to open account:
1-2 business days
1-2 business days
Demo account provided (Y/N):
N
Y
Countries of regulation:
European Economic Area, United Kingdom
UK, Cyprus (EEA MiFID II), South Africa
Products offered:
Trading in shares, ETFs, leveraged products, bonds and derivatives (options and futures), Crypto Funds
Forex pairs and CFDs for stocks, indices, ETFs, energies, commodities, metals, cryptocurrencies, spread betting
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