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ETX Capital vs FP Markets 2020

Is ETX Capital better than FP Markets? After testing 30 of the best forex brokers over five months, ETX Capital is better than FP Markets. Despite a long-tenured history in the forex markets and outstanding customer service, ETX Capital struggles to keep up with industry leaders when it comes to trading platforms, tools, and research.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature ETX Capital FP Markets
Overall 4 4
ETX Capital Review FP Markets Review
77.40% of retail CFD accounts lose money The vast majority of retail CFD accounts lose money

Regulation

Feature ETX Capital FP Markets
Trust Score 82 81
Year Founded
1965 2005
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
0 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature ETX Capital FP Markets
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature ETX Capital FP Markets
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
60 61
CFDs - Total Offered
6000 8908
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
Winner check_circle

Cost

Feature ETX Capital FP Markets
Average Spread EUR/USD - Standard
0.81 (as of May 18) 1.14 (June 2020)
All-in Cost EUR/USD - Active
0.81 (as of May 18) 0.64 (June 2020)
Active Trader or VIP Discounts
No Yes
Commissions & Fees 4 4.5
Winner check_circle

Funding

Feature ETX Capital FP Markets
Minimum Initial Deposit
$£100 $100 AUD
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature ETX Capital FP Markets
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
No Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature ETX Capital FP Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
7 Default (MT4/MT5)
Charting - Indicators / Studies (Total)
56 59
Charting - Drawing Tools (Total)
31 Default (MT4/MT5)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes No
Platform & Tools 3.5 3.5
Winner check_circle

Mobile Trading

Feature ETX Capital FP Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
30 Default (MT4/MT5)
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
No No
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature ETX Capital FP Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
No Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
No Yes
Research 3 3.5
Winner check_circle

Education

Feature ETX Capital FP Markets
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes
Education 3.5 3
Winner check_circle

Major Forex Pairs

Feature ETX Capital FP Markets
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature ETX Capital FP Markets
ETX Capital Review FP Markets Review
Overall 4 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare ETX Capital vs FP Markets.

Does ETX Capital or FP Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, ETX Capital offers better pricing overall for traders.

Is ETX Capital or FP Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both ETX Capital and FP Markets hold 1 global Tier-1 licenses. FP Markets holds 1 global Tier-2 licenses, while ETX Capital holds 0. All regulators considered, ETX Capital has a Trust Score of 82.00, while FP Markets's Trust Score is 81.00.

Which trading platform is better: ETX Capital or FP Markets?
To compare the trading platforms of both ETX Capital and FP Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, ETX Capital offers a better experience. With research, ETX Capital offers superior market research. Finally, we found ETX Capital to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While FP Markets offers copy trading, ETX Capital does not. Both ETX Capital and FP Markets offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FP Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to ETX Capital 's 60 available pairs. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while ETX Capital has 6000 available CFDs, a difference of 2,908.

Overall, between ETX Capital and FP Markets, ETX Capital is the better forex broker.

ETX Capital Review
FP Markets Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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