Alfa Forex
ETX Capital
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while ETX Capital was established in 2002 and is based in UK. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while ETX Capital is regulated by Financial Conduct Authority (FCA) among others. Alfa Forex serves 10,000+ clients worldwide; ETX Capital has 10,000+. The minimum deposit is $0 at Alfa Forex and $100 at ETX Capital.
| Feature | Alfa Forex | ETX Capital |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA) |
| Founded | 2011 | 2002 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and ETX Capital, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $100 at ETX Capital). Alfa Forex charges withdrawal fees while ETX Capital does not, a notable advantage for frequent withdrawers. Alfa Forex applies inactivity fees on dormant accounts; ETX Capital does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | ETX Capital |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while ETX Capital supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which ETX Capital does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Forex | ETX Capital |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and ETX Capital compare. ETX Capital runs regular live webinars; Alfa Forex does not. Both provide video tutorials. ETX Capital publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. ETX Capital maintains an archive of past webinars for on-demand viewing. ETX Capital scores higher overall in education and research.
| Feature | Alfa Forex | ETX Capital |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while ETX Capital supports 3 (bank transfer, credit/debit card, Neteller). ETX Capital uniquely supports Neteller among the two brokers. ETX Capital scores higher on deposit and withdrawal flexibility.
| Feature | Alfa Forex | ETX Capital |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alfa Forex and ETX Capital offer live chat support. Both provide phone support. Email support is available at both brokers. Alfa Forex supports 2 languages and ETX Capital supports 7, giving ETX Capital broader global reach. Both brokers are comparable on support quality.
| Feature | Alfa Forex | ETX Capital |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, Spanish, German, Polish, Czech, Greek and Mandarin |