ETXCapital – reviews and overview CFD forex trading platform

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ETXCapital – reviews and overview CFD forex trading platform

вњ… This Trading Platform is available in France

The modern world financial market is a complex mechanism, whose participants, despite the strict international legislation, are not afraid to openly deceive their clients. The most innocuous ways to attract users’ personal means of these companies are based on the principles of a conventional financial pyramid, which, with a skilful approach and planning, can work for a long period of time without causing widespread dissatisfaction with the clients of the broker.

That is, if even 100 people return their earned money (with an average amount of $ 1000 per participant) a month later, the ETXCapital broker will receive $ 100,000 for 30 days, which can be invested in short-term projects, borrowed them under good% or to direct on creation of the new online company. The example is, of course, primitive, but it shows well how legal firms can commit unlawful operations, earning good money on this.

How to trade at ETXCapital

В In practice, even for the implementation of the above scheme, a good lawyer, an experienced economist and a broker with an excellent reputation, who is trusted by professional traders, is needed. In addition to this option, there are other methods of deception in the network aimed at the rapid enrichment of the organizers of the Internet platforms, which do not even imply the return of the finances of credulous traders. How to choose a reliable site that fulfills its obligations, regardless of the impact of external factors or any other unfavorable indicators?

Many experienced traders, before launching the company’s work, recommend newcomers to thoroughly test their capabilities, the level of basic training and the ability to analyze economic / financial news that have an impact on the object they are interested in. For these purposes, ETXCapital is best suited – it not only allows you to work with different financial instruments, but also deals with minimal risks of losing your savings:

Types of accounts on this web resource

в—Џ Created for ETXCapital application, which was designed to perform trading operations and analyze the latest news, using mobile devices anywhere in the world (most importantly – access to the resource and the availability of the Internet). This opinion is easy to find on almost any trading platform.

в—Џ ETX Trader Pro – is considered one of the best options for working on the presented web resource.

в—Џ MetaTrader 4 is a world-renowned platform that has proven itself as a reliable and secure platform, which is used by many participants of the international financial market.

в—Џ A separate type of accounts is a special software development designed to work with crypto currency.

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It should be noted that recently there has been an increase in the popularity of sites for crypto and MT4, as well as the own development of each individual company.

Customer Security of Broker

Anyone who has decided to create an account on the ETXCapital trading platform must necessarily ask who regulates the broker’s activities, what documents he has for financial transactions, and how safe for the potential client is cooperation with the broker under consideration.

Many readers do not even suspect that the company represented (and, accordingly, the websites changed their name twice). The last time it happened in 2008, when the broker started working under the well-known name – ETXCapital (electronic, telephone and executive).

The right to this brand belongs to Monecor Ltd, as a legal entity. ETXCapital is a British company headquartered in London. The activity of the Internet platform is regulated by an authoritative organization known all over the world: the FCA (Financial Supervision and Regulation Authority).

Also users of the resource can count on round-the-clock support of highly qualified specialists of the site. To solve unforeseen problems, a trader can apply to them without delaying the solution of the problem to “sweat” (for this purpose, telephone, e-mail, and social networking pages are provided).

Training

The website of the financial broker provides all the necessary information that allows even a person without the necessary education, to understand how the trading floor works, why an ETXCapital demo account is needed, what errors beginners bring to the collapse of a well-established system, etc. Never be ignored this process.

Important indicators of ETXCapital, which every new trader should know about

Almost everyone compiled about ETXCapital review, will help the beginning trader to prepare a list of the most important moments, without which he will not be able to work successfully.

Deposit replenishment and withdrawal of funds

In order to have money on your account (this is especially important when the frequency of transactions you are interested in increases), you need to replenish your deposit. To do this, use:

в—Џ plastic cards of financial and credit institutions;

в—Џ ChinaUnion Pay;

Financial instruments

The most objective observers can not leave aside the question of how many financial instruments an experienced broker offers his traders. Their number increases due to the creation of new digital money, and in some cases it decreases quite quickly (unprofitable projects disappear, there are not enough good workers who will serve this currency, etc.).

If we read the reviews of analysts, analysts, or ordinary users of the resource created by ETXCapital, then on the basis of the information obtained we can conclude which financial instruments are of interest to traders of the resource under consideration:

в—Џ binary options;

в—Џ precious metals.

The trading account must comply with such conditions as the minimum deposit amount of 100 British pounds (for the first replenishment of the account, the trader will receive an additional 60% of the amount paid, but not more than 6 thousand pounds). The resource constantly offers its players a wide variety of bonuses, encouraging them to work more intensively.

ETX Capital Review and Tutorial 2020

ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services to Pro clients. ETX are offering a FREE trading course to new clients, and free guaranteed stops on the TraderPro platform.

ETX Capital Facts & Figures

Trade 5 cryptocurrencies, and BTC against USD, GBP or EUR. Margin is tiered from 50%

Instruments CFD, Forex, Crypto, Stocks, Spreadbetting
Demo Account Yes
Min. Deposit £250
Min. Trade £1
Regulated By FCA
MT4 Integration Yes
Mobile Apps iOS and Android
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1 pt
GBPUSD Spread 0.9
Oil Spread 0.06 pips
Stocks Spread From 0.5%
Forex
GBPUSD Spread 0.9
EURUSD Spread 0.6
EURGBP Spread 0.9
Assets 65+
Cryptocurrency
Spread BTC Market Spread + 10, ETH Market spread + 8
Coins BCH, BTC, ETH, LTC, XRP

ETX Capital is a reputable online trading brokerage with head offices in London. With decades of experience and a choice of trading platforms, the broker offers trading in Forex, CFDs and Spread Betting. This review of ETX Capital will examine all aspects of their offering, including trading fees, demo accounts and mobile apps, before finishing with a final verdict.

ETX also now offer a full professional clients service which is making them the ‘go to’ broker for professional clients since the ESMA regulatory changes.

ETX Capital Trading Platforms

Customers can choose between three trading platforms:

ETX Trader Pro

As the name suggests, this platform is geared towards experienced traders, or ‘pro’ accounts. As a result, you get a range of advanced features and comprehensive access to the financial markets.

In particular, TraderPro reviews highlight the sophisticated charting tools. This allows you to choose and view numerous charts in different time frames simultaneously. This means you could view Ichimoku, Heikin-Ashi and line charts all at once.

On top of that, once you have your client login details, you get straightforward access to historical data, volume indicators, guaranteed stops and more. In addition, the platform comes with a news feed so you don’t have to turn to the likes of Bloomberg to stay in the know.

Overall, opinions of ETX Capital’s TraderPro platform are positive. In fact, many believe it is up there in the rankings with the likes of the MetaTrader 4 and 5 platforms.

The Pro platform includes the professional client service which had made ETX a popular choice among full time traders.

The TraderPro platform also delivers free guaranteed stop losses. This a real bonus for traders who like to use stops to manage risk. The guaranteed stop ensure your trades are closed if the asset hits that price, regardless of the amount of price volatility.

ETX MetaTrader 4

There is also a free MT4 download. This is ideal for traders who are already familiar with the system and would prefer not to change. This industry standard promises a range of features and superb security. It can be used for trading everything from Bitcoin and oil to the FTSE 100 and Swiss francs.

The MT4 free download will work for hedging, scalping techniques and plenty of other strategies. Users also have the added bonus that there is a wealth of educational resources available to help them get the most out of the platform.

Some superior rivals are out there though:

Others

ETX Capital recently withdrew their binary options offering in the face of the changes suggested by the European regulator – ESMA. These prohibited the supply of binary options to retail investors in Europe. As a responsible broker, ETX have removed the product to all traders.

Minimum Initial Deposit

The minimum initial deposit is £100. This is relatively low for the industry, making the brokerage attractive to beginners with limited initial capital.

Note it is because ETX Capital is a market maker that entry requirements and minimum bet sizes are lower than traditional ECN brokers.

ETX do motivate traders to make a larger initial deposit by offering a free trading course to traders who deposit $1000 (or equivalent).

Spreads & Commissions

ETX Capital spreads are competitive. Forex spreads start from just 0.6 pips for popular currency pairs, such as the EUR/USD. Spreads for CFDs start from 0.5 pips, while minimum equity spreads are 0.08%. For those wishing to trade in commodities, spreads start at just 0.025 points. Finally, for indices, you can find spreads of just 1 pip.

Leverage

Trading on leverage can be an effective way to capitalise on market opportunities. For FX trading, leverage extends to 1:30. For commodities, leverage is 1:10, while for equities and indices leverages span from 1:5 to 1:10.

It’s also worth highlighting that trading on margin does come with risks. If you’re not careful, a margin call could promptly require a payment in excess of your initial deposit.

Note margin requirements vary with fluctuations in exchange rates. Also, you may be able to change your personal leverage limits by contacting ETX Capital, or registering as a ‘professional’. Regulatory guidelines cap leverage, but only apply to retail investors, not professionals. Leverage for professional accounts can reach 1:300.

Other Trading Fees

There are certain fees to be aware of before you sign up for an account with ETX Capital. For example, there are overnight rollover fees and charges, which will depend on your position size and instrument. See the official website for a break down of rolling daily charges.

In addition, there is a monthly dormant account charge if you have not made any trades in over 365 days. But if you do decide to return to the platform, ETX Capital will refund you the last three months of inactivity fees.

Deals & Promotions

Recent regulatory changes have meant that ETX Capital have withdrawn many of their deposit bonus offers. Incentives now focus on ‘adding value’ for traders, so for example a deposit of any size will secure a free trading course and similar perks. This previously required a $1000 deposit, so is a useful offer to take advantage of. Visit the ETX Education pages to see the current list of free etx webinars.

Mobile Apps

An increasing number of individuals intraday trade directly from their mobile devices. So, is ETX Capital good in terms of mobile trading apps? Customer reviews would suggest yes. Mobile trading apps are available with all 3 trading platforms for iPhone, iPad and Android devices.

The app interface is sleek and straightforward to navigate. You get access to 5000 markets and you can enter and exit positions using price alerts, real-time charts, one-touch trading and a range of custom indicators.

In fact, results from user reviews point to the binary mobile app as among the best in the industry. For example, bringing up an energy stock quote and entering a position takes but a few seconds. Furthermore, mobile apps are kept secure with encryption and fast touch ID log-in. Finally, you can manage risk with trailing stop losses and limits.

Overall then, if you conduct research or trade from your mobile device, ETX Capital could certainly meet your mobile app needs.

ETX Methods of Payment

Deposits

Once you sign up for an account, you will need to add funds before you can start trading. Fortunately, there are a number of options for depositing and withdrawing funds, including:

  • Bank Wire Transfer
  • Credit & Debit Cards
  • China UnionPay
  • Giropay
  • Neteller
  • PayPal
  • Skrill
  • Sofort

Withdrawals

You can view your current account value from within your account area and then decide whether you want to withdraw some of your capital.

Reviews for withdrawing funds are positive for three reasons:

  1. You can use any of the same methods used for funding your account.
  2. There is no minimum withdrawal. Having said that, you will incur a fee if you withdraw less than £100 of your revenue.
  3. Withdrawal times are fast. The quickest method is wire transfer which takes between 2 to 3 business days. All alternative methods will take between 3 to 5 working days.

Contact customer support if you have any withdrawal problems.

ETX Capital Accounts

ETX Capital offer a couple of account types. The standard live trading account, offers traders of all experience levels the same levels of features and tools, as long as they can make the £100 initial minimum deposit. Clients signing up as ‘Pro’ clients will also enjoy the professional client service which offers larger leverage and access to investment types not available to retail traders.

To qualify as a professional trader, ETX require traders meet 2 of the following three criteria:

  1. Over €500k of liquid assets excluding your house of residence if you own it.
  2. Relevant experience in financial services.
  3. Traded at least 10 times in each of the last 4 quarters

There are also some perks for larger deposits, such as free trading courses and similar offers and deals.

Note ETX Capital does not offer a swap-free account for Islamic traders.

Demo Account

Although there is just a single live trading account, there is also a free demo account. You can get an MT4 demo account. Alternatively, you can opt for an ETX TraderPro account. Once you have your demo login details, you can then trade stocks on the Dax 30, for example, with virtual cash.

Practice accounts are a fantastic opportunity to build confidence and develop strategies. Then when you have gained experience, you can close your forex demo account from within your account area and upgrade to real-time trading.

A Brief History

Before taking a look at customer trading reviews, here is a brief overview of the company: ETX Capital is owned and managed by Monecor (London) Limited. In 2007, the group was acquired through a joint venture from the private equity investment firm JRG Group and the BXR Group.

But although the parent company’s history dates back to 1965, ETX Capital only came to life in 2002 and is relatively unknown. This is because the owner and board of directors previously focused their attention on institutional traders and high net worth individuals.

However, the partners and directors have seen considerable success since opening their doors to average traders. Firstly, they have become an FCA regulated FX broker. The broker went online in 2020 and hit the news with the acquisition of the Alpari network in 2020.

The ETX Capital Group were quick to facilitate a smooth transition for existing Alpari customers with a dedicated helpline and the installation of MetaTrader 4 (MT4) servers. As a result, user ratings went up along with share price and turnover.

Finally, for those observers wondering what the meaning behind the ETX acronym is:

  • Electronic Trading
  • Telephone Trading
  • Execution Services

Additional Features

Many reviews suggest the best part of the ETX Capital offering is the range of additional resources. These include:

  • Sentiment Mapper – Spread betting and FX clients can see how other ETX Capital traders have been trading. For example, you can see whether people are taking a bullish or bearish stance. Also, if you want to take a position on gold or oil, you could head over to an interactive chart and see which direction other traders are moving. Used correctly, this may help you capitalise on trends and boost your salary.
  • Education – The broker offers a vast range of free educational resources. This includes training modules, downloadable files, video commentary and more. All of which can help you with everything from basic definitions to implementing complex strategies.
  • Automated trading – The MT4 platform allows for APIs and extensions so you can enlist the services of trading robots and EAs.
  • Award Winning – ETX have picked up 4 awards already in 2020, the most recent being Best Online Trading Platform at the ‘Shares’ magazine awards.

Regulation & License

As forex and cfd broker reviews show, finding a trustworthy exchange is becoming increasingly important. This is a result of a growing number of scams and fraudulent brokers. Fortunately, a quick company check shows ETX Capital has regulatory oversight from the FCA, with Financial Services register number 124721.

Because they are regulated, compliance with a number of measures to protect consumers have to be met. This should put intraday traders at ease that ETX Capital is a legitimate broker, concerned about customers as well as their dividends.

Benefits

ETX Capital stands out in several areas:

  • No dealing desk – ETX Capital is a no dealing desk broker. As a result, you may benefit from straightforward and direct trade access, plus low costs.
  • Rebates – FX traders may be eligible for a cash back rebate on every trade they make. In addition, user reviews report relatively low problems with slippage.
  • Demo account – Prospective forex, CFD and spread betting users get access to a demo account. This is a great tool for building confidence and test driving ETX Capital’s software.
  • Trading tools – Customer reviews praise the range of tools on offer from the industry leading platforms. You get advanced charts, one-click trading, plus a range of technical indicators.
  • Market choice – There is no shortage of products and instruments to choose from. As a result, the broker is a sensible choice for both beginners and veterans.
  • Competitive spreads – Take ETX Capital vs IG Index, NinjaTrader or Plus500 and you realise the former promises attractive prices for active traders.
  • Education – There is an array of free educational material available to traders, including seminars, tutorial videos, user guides and manuals. These resources can prove particularly useful for novice traders.
  • International accessibility – Broker reviews are quick to point out customers from all over the world can trade with ETX Capital. That includes users from Australia, Ireland, Germany, Spain, India, and Indonesia. However, traders from the USA are not accepted.
  • Pro Clients – Professional Client Service. Offering higher leverage, more control over closed trades and more trading options.

Drawbacks

Despite notable advantages, customer reviews also underline several downsides to the ETX Capital offering:

  • Limited account options – There have been some complaints about the limited account options. Just one standard account means there are no financial incentives and benefits for traders with significant capital.
    Complex navigation – The website can be unnecessarily challenging to navigate, especially when compared with some competitors. This can all detract from the overall user experience.
  • Negative balance protection – There are other brokers who do more in terms of negative balance protection for customers. It would be reassuring to see the CEO do more to protect users in this way.
  • No live chat – Whilst most competitors offer live chat support, ETX Capital offers only telephone and email support.
  • No localised telephone support – ETX Capital does not have localised telephone support numbers for international clients. As a result, traders from Dublin will be contacting the same number as those from Dubai.

ETX Capital Trading Hours

On the whole, ETX Capital opening hours are around the industry norm. For example, the TraderPro platform is open for forex trading between 22:00 GMT Sunday through until 21:55 GMT Friday.

However, specific product trading times can vary in response to changes in liquidity. In addition, Christmas trading hours and other holidays will affect opening hours. See the official website for upcoming holiday hours.

Contact & Customer Support

Customer reviews of ETX Capital were mixed in terms of the customer support on offer. On the positive side, you have access to email and telephone support. See the Contact Us section on the website for the relevant telephone contact number and email address.

The ETX Capital customer service is provided in a long list of languages, including English and South African

User reviews show they can help you with everything from binary login details and forgotten passwords to pip calculators and guidance when the website is down.

You can also head to their Support and FAQ section. Here you will find answers and discussions around most common problems.

On the downside, support is not available 24/7, like some competitors, but instead runs from 07:30 to 21:00 GMT Monday to Friday. In addition, there is no live chat support, despite some competitors now offering live video chat services.

Overall then, there are several customer services open to users. However, beginners who want a hands-on live chat or video support may want to look at alternatives.

Safety & Security

ETX Capital expressly state how serious they take personal security. In fact, they have a Security Officer to ensure privacy policies and legislation are met. Furthermore, the broker utilises advanced encryption technologies and firewalls. On top of that, client funds are kept segregated in tier-1 banks.

ETX Capital Verdict

So are ETX Capital any good? Well, forex, CFD, spread betting and binary options reviews suggest yes. With extensive experience, powerful trading tools and an unlimited demo account, ETX Capital makes for a worthy broker contender. In particular, if you’re looking for reliability and integrity, a long list of awards helps demonstrate ETX Capital may be the right choice.

For additional guidance and other options, see our brokers list.

Accepted Countries

ETX Capital only accepts traders from United Kingdom.

ETXCapital

ETXCapital Review

  • The trading platforms execute trades with great precision
  • Knowledgeable and friendly customer support representatives
  • Competitive spreads
  • Regulated broker
  • Support for mobile trading
  • The broker covers a wide range of markets
  • ETX Capital offers industry-leading trading platforms
  • Transparent broker
  • MT4 available
  • Limited customer support communication channels.
  • The broker offers a restricted range of trading accounts.
  • Complicated website layout.
  • No localized telephone support.

ETX Capital is a leading online forex and CFDs broker established in 2002. The company is based in London. ETX Capital is the forex, CFD and binary options brand that belongs to Monecor Limited, an organization that was established as far back as 1965. ETX Capital is a member of the London Stock Exchange. In addition to this, it is licensed and authorized by UK’s Financial Conduct Authority (FCA) under financial services registration number 124721. This has helped earn the firm a reputation as one of the reliable and professional companies around today.

The company’s professionalism came to the fore when they strategized and successfully migrated all of Alpari UK’s client base when they acquired the company in 2020. ETX Capital allows its clients to trade in three ways. These include spread betting, forex, and CFD and binary options. Furthermore, ETX Capital offers a demo account that traders can use to practice and familiarize themselves with the trading platform. The company also offers its clients educational tools and resources, as well as a FAQ page.

Trading Platforms

ETX Capital offers its clients easy-to-use trading platforms that allow them to identify and respond to market opportunities in a fast and secure manner.

In ETX MT4, ETX Capital grants its clients access to arguably the world’s most widely used retail trading platform. The program packs plenty of features and provides improved access to the global markets. ETX MT4 is intended for clients who prefer to automate their trading activities using expert advisors (EAs). Also, the platform has a wide array of trading indicators and an extensive charting feature that has been equipped with ironclad security as well as several trading courses.

ETX TraderPro

The ETX Trader Pro is designed for traders who are looking for an enhanced level of customization that allows them to tailor the platform to their trading needs. Traders can open up an asset’s chart and then trade on it straight up, which enables them to save time when executing orders. Also, the available pip calculator tool allows you to work out the value pip of your buy and sell decisions, while the drag and drop feature lets you position your trading deal tickets however you like on your trading screen. The program offers a wide variety of charts, access to multiple markets, tight spreads, and a whole lot more.

ETX Binary

The ETX Binary platform allows traders to participate in the markets by trading binary options. Traders can choose between options of 60 seconds and 24 hours. The platform is highly interactive, as it helps make trading fun and offers an immersive trading experience. Whenever you open trade, the position of the opened trade is shown on the graph. This allows you to monitor trade movements without any troubles. Also, there is a timer that reveals the amount of time left for your trade to expire. In the same vein, the open position chart shows the type of option that is being traded, its current status, as well as the amount receivable if the trade closes out in good time.

Mobile Trading Platform

If you need something to take with you wherever you go, ETX Capital offers just that. The company provides traders with a mobile format of its trading platform (TraderPro). The program comes with all of the features provided on the desktop version. On top of that, it offers the advantage of allowing you to move around as freely as you would like. Clients can download the mobile app for Android and iOS devices from the various marketplaces.

Trading Markets

Traders on the ETX Capital network can trade several assets in the financial markets. These assets are grouped under the following asset classes:

Customer Support

ETX Capital has friendly customer support staff who know their onions. Traders can contact ETX Capital customer support team through many communication channels including:

  • Email. ETX Capital clients can contact customer support representatives through email at [email protected]
  • Phone. Customers who have questions, complaints, or technical problems can contact ETX Capital customer support representatives by phone on +44 0 20 7392 1400 (international), 0800 138 4582 (freephone UK).
  • Fax. ETX Capital can fax the company’s customer care representatives on +44 0 20 7392 1414.

Security and Fairness

ETX Capital is licensed and regulated by the Financial Conduct Authority (FCA). The FCA is one of the strictest regulatory agencies in the financial industry and is known for its numerous requirements. One of such guidelines for good practice in the global financial markets is that companies under it keep clients’ funds in a client money account separate from the organization’s own money. Also, the firm is part of a compensation scheme which is designed to cover individual clients if the broker goes into liquidation and there is a deficiency in the client money bank account. The Financial Services Compensation Scheme (FSCS) is the body that covers this scheme. Traders whose brokers are contributors to the scheme are entitled to a maximum compensation of £50,000 in the unlikely event of company liquidation.

Conclusion

ETX Capital is a reliable and transparent CFDs and forex brokerage firm. They are regulated by one of the most popular and strictest regulatory authorities in the financial industry. Considering the fact that the company has been in operation for over a decade, there’s enough reason to suggest that they are doing right by their clients. It takes offering the highest level of service to be in business for as long as ETX Capital has been. Also, client reviews online show that this broker has maintained consistency in good service delivery throughout its long history.

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