ETX vs IC Markets | We Compare Brokers
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ETX vs IC Markets | 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.

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

 

4.4
Rating

Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. 75% of retail investor accounts lose money when trading CFDs with this provider. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Pros
  • Direct access to raw spreads – low fee pricing overall
  • MetaTrader plus cTrader trading platforms
  • ASIC regulation plus CySEC and FSA in Seychelles and SCB in the Bahamas
  • Fast account opening process
Cons
  • No Negative Balance protection
  • Slow Live Chat service
  • No US citizens accepted

 

Feature
OvalX
IC Markets
Minimum deposit:
250 GBP, EUR, USD
$200
Withdrawal fee amount:
None
None
Inactivity fee charged (Y/N):
N
N
Max leverage:
30:1 EEA/UK (up to 1:400 in foreign jurisdictions)
1:500
Spread from:
0.6
0.0 pip (EUR/USD average 0.1 pip)
Number of instruments:
5,000+
258
Year founded:
1965 (rebranded as ETX Capital in 2002)
2007
Time to open account:
1-2 business days
1-2 business days
Demo account provided (Y/N):
Y
Y
Countries of regulation:
UK, Cyprus (EEA MiFID II), South Africa
Australia, EEA (Cyprus), Seychelles, Bahamas
Products offered:
Forex pairs and CFDs for stocks, indices, ETFs, energies, commodities, metals, cryptocurrencies, spread betting
Forex pairs with CFDs for Stocks, Indices, Commodities, Bonds, Futures, and Cryptos.
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