ETX Capital
Velocity Trade
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Overview
ETX Capital was founded in 2002 and is headquartered in UK, while Velocity Trade was established in 2007 and is based in Australia. ETX Capital holds licences including Financial Conduct Authority (FCA), while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. ETX Capital serves 10,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $100 at ETX Capital and $1 at Velocity Trade.
| Feature | ETX Capital | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2002 | 2007 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETX Capital and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at ETX Capital). Neither broker charges withdrawal fees. Velocity Trade applies inactivity fees on dormant accounts; ETX Capital does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | ETX Capital | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ETX Capital offers MT4, MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. ETX Capital edges ahead on platform breadth and functionality in our scoring.
| Feature | ETX Capital | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETX Capital and Velocity Trade 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. The two brokers are evenly matched on educational content.
| Feature | ETX Capital | Velocity Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Velocity Trade supports 2 (bank transfer, credit/debit card). ETX Capital uniquely supports Neteller among the two brokers. ETX Capital scores higher on deposit and withdrawal flexibility.
| Feature | ETX Capital | Velocity Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | Yes | No |
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 Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. ETX Capital supports 7 languages and Velocity Trade supports 2, giving ETX Capital broader global reach. Both brokers are comparable on support quality.
| Feature | ETX Capital | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Spanish, German, Polish, Czech, Greek and Mandarin | English, and Chinese |