ETX Capital Review


ETX Capital is a well-established broker since 1965. ETX Capital has headquarter in United Kingdom. It is are generally well-suited for ETX Capital to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by FCA (UK) 124721. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
www.etxcapital.com

Established
1965

Country
United Kingdom

Regulation
FCA (UK) 124721

Features

Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

LAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Account Information

This broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by ETX Capital is up to 1:400. Meanwhile, you can open an account with a starting capital of $100

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$100

Maximum Leverage

1:400

Spread

Variable


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-Cancels-Other (OCO) orders

Mobile trading

Instruments Traded

Besides lots of currency pair, ETX Capital also offers some instruments you would like to trade on, such as Forex, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:400

Spread betting

Cryptocurrencies
1:5

Payment Methods

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

ETX Capital also provides paymen with Credit/debit cards, giropay, SOFORT and UnionPay

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, ETX Capital offers you ETX TraderPro.

Customer Support

Do you have any question or find any trouble related to ETX Capital? If you do, you should reach ETX Capital's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
Czech
Danish
English
French
German
Greek
Hungarian
Italian
Norwegian
Polish
Portuguese
Romanian
Russian
Spanish
Turkish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Known as one of the leading online trading providers from the UK, ETX Capital has been offering CFD trading and spread betting services to both retail and institutional clients since 2007. The company behind ETX Capital, Monecor Ltd., went way back in 1965 as a company specializing in Mortgage Bonds. After expanding to Stocks and Derivatives, Monecor launched a retail derivative arm called TradIndex that was later rebranded as ETX Capital. ETX itself stands for Electronic Trading, Telephone Trading, and Execution Services.

As a UK-based broker, ETX Capital is licensed and fully authorized by the Financial Conduct Authority (FCA) to provide CFD trading and spread betting. It supports trading over 5,000 global markets across FX, Indices, Cryptos, Shares, and Commodities.

The technology behind ETX Capital is mainly presented in the form of its in-house trading platform named TraderPro. Different from its counterparts like MetaTrader, ETX TraderPro introduces advanced charting tools that include multiple chart types (candlestick, Heikin Ashi, and the Ichimoku Cloud), split charting tools, trade from the chart, technical indicators, and drawing tools, as well as dynamic risk management features. For ease of access, ETX Capital provides the mobile version of TraderPro that is available on Android and iOS platforms.

In 2018, ETX launched trading in several new Cryptocurrencies and won 2 awards for TraderPro: Best Trading Platform at the 2018 Online Personal Wealth Awards and Best Spread Betting Platform at the 2018 ADVFN Financial Awards, as well as Best Education at the 2018 Online Personal Wealth Awards.

In terms of trading specifications, ETX Capital allows trading with tight spreads starting from only 0.6 pips on EUR/USD and 0.9 pips on GBP/USD. Instant execution is applied to ensure the best trading experience for clients, while deposit and withdrawal process is made possible via various methods such as online bank transfer, credit or debit cards, and a range of e-payments including Skrill, Neteller, and UnionPay.

For bank transfer payment, clients can open accounts with a wide choice of base currencies that consists of GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, and AUD. Meanwhile, credit or debit card payment is more limited in base currency options, as it only provides the choices of GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK, and CHF as the base currency.

Interestingly, ETX Capital does not charge for deposits. Commissions for these particular payments are only from the card issuer or bank that each client uses. This broker also processes deposits instantly. The longest period of deposits is the ones made through bank transfer which can take up to only 2 working hours.

In conclusion, ETX Capital is one of the UK-based brokers with an excellent standing as the company has endured more than 40 decades in the financial market. ETX Capital innovates its technology through TradePro, but it still offers MT4 trading along with its proprietary platform. Information on trading conditions in its official website is quite limited, although the education is enriched with a wide range of materials; from online webinars, ebooks, platform guides, to educational articles.


Give Your Review and Rate This Broker



1 Review


July

Jul 21 2020

ETX Capital has been regulated by FCA in the UK, so this broker should be good for trading. I'm new at at ETX Capital, btw...