image ETX Capital VISIT ETX CAPITAL image Core Spreads VISIT CORE SPREADS image City Index VISIT CITY INDEX
About

ETX Capital is regulated by the Financial Conduct Authority. ETX Capital have provided Forex, CFDs, spread betting and social trading services since 2002.

Core Spreads is regulated by the Financial Conduct Authority. Core Spreads have provided Forex trading services since 2014.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters One Broadgate, London. EC2M 2QS London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes Yes Yes
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 60 30 84
Commodities Offered 16 9 26
Stocks Offered 5000 1550 4500
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei No No Yes
ETFs Yes No Yes
IPO Yes No No
See all instruments

79.6% of retail investor accounts lose money when trading CFDs with ETX

See all instruments

79.6% of retail investor accounts lose money when trading CFDs with ETX

See all instruments

79.6% of retail investor accounts lose money when trading CFDs with ETX

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac Yes No No
WebTrader Yes Yes Yes
Mirror Trader Yes No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No Yes
Custom Platforms TraderPro CoreTrader AT Pro, Advantage Web

APPS

iOS image Yes Yes Yes
Android image Yes No Yes
Windows image Yes No Yes
Available Languages

English, French, Spanish, German, Polish, Czech, Greek and Mandarin

English

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

79.6% of retail investor accounts lose money when trading CFDs with ETX

See platform & features

75% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

72% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by ETX Capital and Core Spreads

Demo account Yes Yes Yes
Mini account Yes No Yes
Micro account Yes Yes Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No No No
Zero spread account No No No
VIP account Yes No Yes
Fixed spreads Yes Yes Yes
Variable spreads Yes Yes Yes
See account options

79.6% of retail investor accounts lose money when trading CFDs with ETX

See account options

75% of retail investor accounts lose money when trading CFDs with this provider

See account options

72% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping No Yes No
Hedging Yes No Yes
Expert advisors (EAs) Yes No Yes
Virtual private server No No No
Direct market access No No No
STP broker No No Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot £1 1 Lot
Max trade None None Varies
Min deposit $100 $1 $25

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller Yes No No
Skrill No Yes No
Payment processing time 1 business day Varies 2-3 business days
Withdrawal processing time 2-5 business days Varies 2-3 business days
See all funding options

79.6% of retail investor accounts lose money when trading CFDs with ETX

See all funding options

75% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

72% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US, PL, BE US, PL, BE US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
Phone number +44 (0) 20 7392 1494 0800 862 0780 0845 355 0801
Live Chat No Yes Yes
Website https://www.etxcapital.com https://www.corespreads.com/ www.cityindex.co.uk
Spreads:
EUR/USD (Average: 0.7 pips) 0.6 pips 0.7 pips 0.5 pips
GBP/USD (Average: 1.1 pips) 1.2 pips 0.9 pips 0.5 pips
USD/JPY (Average: 1.1 pips) 1.4 pips 0.7 pips 1.6 pips
AUD/USD (Average: 0.8 pips) 1.4 pips 0.8 pips 0.5 pips
USD/CHF (Average: 2.3 pips) 3.0 pips 1.4 pips 1.6 pips
USD/CAD (Average: 2.9 pips) 2.6 pips 2.0 pips 0.5 pips
NZD/USD (Average: 3.6 pips) 2.0 pips 2.0 pips 2.3 pips
EUR/GBP (Average: 2.4 pips) 1.0 pips 0.8 pips 0.5 pips
View all spreads

79.6% of retail investor accounts lose money when trading CFDs with ETX

View all spreads

75% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

72% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes No Yes
Commission Yes $1.50/lot/leg 0.0015
Deposit Fee No No Varies
Withdrawal Fee No No Varies
View All Fees

79.6% of retail investor accounts lose money when trading CFDs with ETX

View All Fees

75% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

72% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://www.etxcapital.com. Last updated on 01/07/2019.

All information collected from https://www.corespreads.com/. Last updated on 01/07/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/07/2019.

Company

Used by over 51,000 traders, ETX Capital are a well-established spread betting broker.

ETX Capital offer over 50 currency pairs, and are renowned for their tight spreads starting from 0.7 for EUR/USD (you can see their spreads here). They offer a range of platforms with fixed or variable spreads to suit your trading style.

ETX Capital were established in 2002 and have been servicing traders for over a decade. They are regulated by the UK's Financial Conduct Authority. You can start trading with ETX Capital here.

For more information about trading with ETX Capital, we have put together an indepth ETX Capital review with some of the pros and cons about this broker.

Core Spreads is an online trading service provider who are regulated by the Financial Conduct Authority. To open an account with Core Spreads, minimum deposits start from £/$/10.

With Core Spreads you can trade Currencies, stocks, commodities, indices. If you like to trade on the go, Core Spreads have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Core Spreads offer their user friendly CoreTrader and the popular MT4 platforms to make your trades and also offer customer support in English.

The spreads offered by Core Spreads for the most popular instruments are:
0.7 EUR/USD 0.8 FTSE 100 0.4 GOLD
0.9 GBP/USD 1.0 DOW/JONES 3.0 Crude Oil
See all spreads

For more information about trading with Core Spreads, we have put together an indepth Core Spreads review with all the pros and cons about this broker.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including indices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with some of the pros and cons about this broker.

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ETX Capital or Core Spreads?

A wide range of instruments or accepts Scalping?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, ETX Capital is likely the better option out of these brokers. However, if you want a broker that allows you to scalp as a trading strategy, Core Spreads may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider ETX Capital to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

ETX Capital and Core Spreads are both regulated by Financial Conduct Authority

As the Financial Conduct Authority are one of the most stringent regulators in the world, both ETX Capital and Core Spreads will have very strict guidelines to follow to ensure they protect their retail trader clients.

City Index are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

ETX Capital has been around for 17 years, while Core Spreads have been around for 5 years. Our third alternative broker, City Index, have been around for 36 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both ETX Capital and Core Spreads use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on ETX Capital or Core Spreads in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both ETX Capital and Core Spreads are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

ETX Capital are based in One Broadgate, London. EC2M 2QS, while Core Spreads are based in London, UK .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both ETX Capital and Core Spreads offer forex trading. ETX Capital have a slightly larger variety of currency pairs with 60 pairs, compared to 30 offered by Core Spreads. Also, if you’re looking to trade cryptocurrencies, ETX Capital offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both ETX Capital and Core Spreads allow you to trade commodities like gold, silver and crude oil.

ETX Capital also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both ETX Capital and Core Spreads offer this. Our alternative broker, City Index, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. ETX Capital, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

ETX Capital does not allow scalping but allows hedging. While Core Spreads also allows scalping but doesn't allow hedging. You can trade with EAs (expert advisors) on ETX Capital but you can't trade EAs (expert advisors) with Core Spreads.

In terms of risk management tools, neither ETX Capital or Core Spreads offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

ETX Capital also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

ETX Capital accept Neteller while Core Spreads accept Skrill.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, ETX Capital charges 0.60 points, while Core Spreads charges 0.70 points. Therefore, ETX Capital is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: ETX Capital or Core Spreads?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, ETX Capital is more reliable based on our criteria above. ETX Capital has a wider range of instruments to trade. ETX Capital offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.