ETX vs Spreadex | We Compare Brokers
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ETX vs Spreadex | 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

 

spreadex broker logo
4
Rating

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can result in losses larger than your initial stake or deposit.

Pros
  • Low fee/cost provider
  • Responsive customer service
  • A proprietary web-based platform is easy to use
  • Top-Tier regulation from the FCA
Cons
  • No MetaTrader platform products
  • No traditional trading in stocks, only CFDs
  • Only Professional clients can trade cryptocurrencies
  • Minimum support for beginners
Feature
OvalX
Spreadex
Minimum deposit:
250 GBP, EUR, USD
None
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)
30:1
Spread from:
0.6
0.4 pips
Number of instruments:
5,000+
10,000+
Year founded:
1965 (rebranded as ETX Capital in 2002)
1999
Time to open account:
1-2 business days
1 business day
Demo account provided (Y/N):
Y
N
Countries of regulation:
UK, Cyprus (EEA MiFID II), South Africa
United Kingdom
Products offered:
Forex pairs and CFDs for stocks, indices, ETFs, energies, commodities, metals, cryptocurrencies, spread betting
Forex trading, Options, and CFDs in Stocks, Indices, Commodities, Bonds, ETFs, and Cryptocurrencies (Pros only)
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