ETX Capital
Westpac
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Overview
ETX Capital was founded in 2002 and is headquartered in UK, while Westpac was established in 2008 and is based in Austrailia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. ETX Capital serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $100 at ETX Capital and $50 at Westpac.
| Feature | ETX Capital | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2002 | 2008 |
| Country | UK | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETX Capital and Westpac, directly affecting your bottom line as a trader. ETX Capital has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; ETX Capital does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | ETX Capital | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
ETX Capital offers MT4, MT5, cTrader, while Westpac supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Westpac supports social and copy trading features, which ETX Capital does not offer. The two brokers are closely matched on platform offering.
| Feature | ETX Capital | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETX Capital and Westpac 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 | Westpac |
|---|---|---|
| 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 Westpac 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 | Westpac |
|---|---|---|
| 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 Westpac offer live chat support. Both provide phone support. Email support is available at both brokers. ETX Capital supports 7 languages and Westpac supports 2, giving ETX Capital broader global reach. Both brokers are comparable on support quality.
| Feature | ETX Capital | Westpac |
|---|---|---|
| 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 |