ETX Capital
gcm forex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
ETX Capital was founded in 2002 and is headquartered in UK, while gcm forex was established in 2017 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. ETX Capital serves 10,000+ clients worldwide; gcm forex has 142,500+. The minimum deposit is $100 at ETX Capital and $250 at gcm forex.
| Feature | ETX Capital | gcm forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F248 |
| Founded | 2002 | 2017 |
| Country | UK | USA |
| Clients | 10,000+ | 142,500+ |
Fees
Fees are a critical factor when choosing between ETX Capital and gcm forex, directly affecting your bottom line as a trader. ETX Capital has a lower barrier to entry with a minimum deposit of $100 (vs $250 at gcm forex). gcm forex charges withdrawal fees while ETX Capital does not, giving ETX Capital an edge for frequent withdrawers. gcm forex charges deposit fees; ETX Capital does not. Overall, ETX Capital scores higher on fees in our assessment.
| Feature | ETX Capital | gcm forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ETX Capital offers MT4, MT5, cTrader, while gcm forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. gcm forex supports social and copy trading features, which ETX Capital does not offer. The two brokers are closely matched on platform offering.
| Feature | ETX Capital | gcm forex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETX Capital and gcm forex compare. ETX Capital runs regular live webinars; gcm forex does not. Both provide video tutorials. ETX Capital publishes daily market commentary; gcm 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 | ETX Capital | gcm forex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETX Capital accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while gcm forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). gcm forex uniquely supports PayPal and Skrill among the two brokers. gcm forex scores higher on deposit and withdrawal flexibility.
| Feature | ETX Capital | gcm forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ETX Capital and gcm forex offer live chat support. Both provide phone support. Email support is available at both brokers. ETX Capital supports 7 languages and gcm forex supports 8, giving gcm forex broader global reach. Both brokers are comparable on support quality.
| Feature | ETX Capital | gcm forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Spanish, German, Polish, Czech, Greek and Mandarin | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |