Direct FX
ETX Capital
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Overview
Direct FX was founded in 2006 and is headquartered in New Zealand, while ETX Capital was established in 2002 and is based in UK. Direct FX holds licences including Unregulated, while ETX Capital is regulated by Financial Conduct Authority (FCA) among others. Direct FX serves 10,000+ clients worldwide; ETX Capital has 10,000+. The minimum deposit is $1 at Direct FX and $100 at ETX Capital.
| Feature | Direct FX | ETX Capital |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2006 | 2002 |
| Country | New Zealand | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Direct FX and ETX Capital, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $100 at ETX Capital). Neither broker charges withdrawal fees. Direct FX charges deposit fees; ETX Capital does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Direct FX | ETX Capital |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Direct FX offers MT4, MT5, cTrader, while ETX Capital supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Direct FX supports social and copy trading features, which ETX Capital does not offer. The two brokers are closely matched on platform offering.
| Feature | Direct FX | 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 | Not available | 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 Direct FX and ETX Capital compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. ETX Capital scores higher overall in education and research.
| Feature | Direct FX | ETX Capital |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Direct FX 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 | Direct FX | 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 Direct FX and ETX Capital offer live chat support. Both provide phone support. Email support is available at both brokers. Direct FX supports 2 languages and ETX Capital supports 7, giving ETX Capital broader global reach. Both brokers are comparable on support quality.
| Feature | Direct FX | 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 |