ETX Capital Broker Review ¦ Binary Options Brokers in South Africa

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

ETX Capital Review and Tutorial 2020

Go to the Brokers List for alternatives

ETX Capital Facts & Figures

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.

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.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

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.

ETX Capital Review: Can You Trust Them With Your Investments? We Investigate

Sharing is caring!

Last Updated on June 14, 2020

Overview

Risk Warning: Your Capital is at Risk

ETX Capital is an online market maker that provides a platform for Contracts for Difference (CFDs) trading. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. ETX Capital offers CFD trading on asset classes including forex, indices, shares and commodities. The firm also offers spread betting.

ETX Capital offers traders a choice of three trading platforms as well as mobile options. Traders can access over 6,000 markets and employ leverage of up to 1 to 100 on most products and 1 to 400 on the MT4 platform.

ETX Capital’s parent company has over 50 years’ history of offering trading products and services to the marketplace. Traders seeking a reliable, well-regulated broker that provides access to several types of derivatives products may want to investigate ETX Capital. Please remember that trading CFDs exposes traders to the possibility of losses. CFD trading is for experienced traders.

This review of ETX Capital will cover all of the important details about the broker and discuss its major advantages and disadvantages.

[table “WhyChooseETXCapitalnbspresponsivescroll” not found /]
[table “ETXCapitalEssentialInformationnbspresponsivescroll” not found /]

History of ETX Capital

ETX Capital is a trading name of Monecor (London) Limited, a member firm of the London Stock Exchange that was established in 1965.

[table “ETXCapitalHistorynbspresponsivescroll” not found /]

ETX Capital has headquarters in London, United Kingdom. Monecor (London) Limited is authorized and regulated by the Financial Conduct Authority and has Financial Services Register number 124721.

ETX Capital offers customers dedicated 24/5 customer support in English, French, Spanish, German, Polish, Czech, Greek and Mandarin. Traders can contact customer service by phone or email. The broker does not have live chat support, which is a disadvantage. Traders can view the ETX Capital website in more than 15 languages.

Where Does ETX Capital Operate?

ETX Capital is available in the following countries:

  1. Afghanistan
  2. Albania
  3. Algeria
  4. Andorra
  5. Angola
  6. Anguilla
  7. Antigua and Barbuda
  8. Argentina
  9. Armenia
  10. Aruba
  11. Australia
  12. Austria
  13. Azerbaijan
  14. Bahamas
  15. Bahrain
  16. Bangladesh
  17. Barbados
  18. Belarus
  19. Belgium
  20. Belize
  21. Benin
  22. Bermuda
  23. Bhutan
  24. Bolivia
  25. Bosnia and Herzegovina
  26. Botswana
  27. Brazil
  28. Brunei
  29. Bulgaria
  30. Burkina Faso
  31. Burundi
  32. Cambodia
  33. Cameroon
  34. Canada
  35. Cape Verde
  36. Cayman Islands
  37. Central African Republic
  38. Chad
  39. Chile
  40. China
  41. Colombia
  42. Comoros
  43. Congo
  44. Costa Rica
  45. Cote d’Ivoire
  46. Croatia
  47. Cuba
  48. Cyprus
  49. Czech Republic
  50. Denmark
  51. Djibouti
  52. Dominica
  53. Dominican Republic
  54. Ecuador
  55. Egypt
  56. El Salvador
  57. Equatorial Guinea
  58. Eritrea
  59. Estonia
  60. Ethiopia
  61. Faroe Islands
  62. Fiji
  63. Finland
  64. France
  65. French Guiana
  66. French Polynesia
  67. Gabon
  68. Gambia
  69. Georgia
  70. Germany
  71. Ghana
  72. Gibraltar
  73. Greece
  74. Greenland
  75. Grenada
  76. Guadeloupe
  77. Guam
  78. Guatemala
  79. Guernsey
  80. Guinea
  81. Guinea-Bissau
  82. Guyana
  83. Haiti
  84. Honduras
  85. Hong Kong
  86. Hungary
  87. Iceland
  88. India
  89. Indonesia
  90. Iran
  91. Iraq
  92. Ireland
  93. Isle of Man
  94. Israel
  95. Italy
  96. Jamaica
  97. Japan
  98. Jersey
  99. Jordan
  100. Kazakhstan
  101. Kenya
  102. Kuwait
  103. Kyrgyzstan
  104. Laos
  105. Latvia
  106. Lebanon
  107. Lesotho
  108. Liberia
  109. Libya
  110. Liechtenstein
  111. Lithuania
  112. Luxembourg
  113. Macau
  114. Macedonia
  115. Madagascar
  116. Malawi
  117. Malaysia
  118. Maldives
  119. Mali
  120. Malta
  121. Marshall Islands
  122. Martinique
  123. Mauritania
  124. Mauritius
  125. Mexico
  126. Micronesia
  127. Moldova
  128. Monaco
  129. Mongolia
  130. Montenegro
  131. Montserrat
  132. Morocco
  133. Mozambique
  134. Myanmar
  135. Namibia
  136. Nauru
  137. Nepal
  138. Netherlands
  139. Netherland Antilles
  140. New Caledonia
  141. New Zealand
  142. Nicaragua
  143. Niger
  144. Nigeria
  145. Norfolk Island
  146. North Korea
  147. Northern Mariana Islands
  148. Norway
  149. Oman
  150. Pakistan
  151. Palau
  152. Palestinian Territories
  153. Panama
  154. Paraguay
  155. Peru
  156. Philippines
  157. Poland
  158. Portugal
  159. Puerto Rico
  160. Qatar
  161. Reunion
  162. Romania
  163. Russian Federation
  164. Rwanda
  165. Saint Kitts and Nevis
  166. Saint Lucia
  167. Saint Martin
  168. Saint Pierre and Miquelon
  169. Saint Vincent and the Grenadines
  170. Samoa
  171. San Marino
  172. Saudi Arabia
  173. Senegal
  174. Serbia
  175. Seychelles
  176. Sierra Leone
  177. Singapore
  178. Slovakia
  179. Slovenia
  180. Somalia
  181. South Africa
  182. South Korea
  183. Spain
  184. Sri Lanka
  185. Sudan
  186. Suriname
  187. Swaziland
  188. Sweden
  189. Switzerland
  190. Syria
  191. Taiwan
  192. Tajikistan
  193. Tanzania
  194. Thailand
  195. Togo
  196. Tonga
  197. Trinidad and Tobago
  198. Tunisia
  199. Turkey
  200. Turkmenistan
  201. Turks and Caicos Islands
  202. Tuvalu
  203. Uganda
  204. Ukraine
  205. United Arab Emirates
  206. United Kingdom
  207. Uruguay
  208. Uzbekistan
  209. Vanuatu
  210. Vatican City
  211. Venezuela
  212. Vietnam
  213. British Virgin Islands
  214. Yemen
  215. Zambia
  216. Zimbabwe

IMPORTANT: CFDs are not available in the USA due to local regulation, and this regulated CFD broker does not accept US citizens or US residents as clients.

ETX Capital is available in the following languages:

Can I Trust ETX Capital?

Yes, ETX Capital offers a safe and regulated environment for trading CFD, binary options and spread betting. Learn more at ETX.com

ETX Capital is regulated by the Financial Conduct Authority (FCA), and the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union.

[table “ETXCapitalRegulatorsnbspresponsivescroll” not found /]

Financial Conduct Authority

The UK’s Financial Conduct Agency (FCA) regulates ETX Capital’s activities in the United Kingdom.

The FCA is widely respected as a leader in financial regulation. In addition, the United Kingdom scores highly in Transparency International’s rankings of countries based on their corruption perceptions index meaning the country is a pillar of anti-corruption. ETX Capital’s customers in the United Kingdom are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the United Kingdom if ETX Capital is unable to pay.

Who Runs ETX Capital?

Three individuals within ETX Capital are responsible for directing different aspects of the trading business:

[table “ETXCapitalDirectorsnbspresponsivescroll” not found /]

ETX Capital Trading Products

ETX Capital offers both CFDs and spread betting on forex, indices, shares, commodities and bonds & interest rates. Learn more at ETX.com

1) Forex

ETX Capital offers markets in majors, daily rolling cryptocurrencies, minors, Scandinavians and emerging markets:

Majors

Daily Rolling Cryptocurrencies

Minors

Scandinavian

Emerging

2) Indices

ETX Capital offers markets on both cash indices and index futures.

Cash Indices

Index Futures

3) Shares

ETX Capital offers markets in shares from several countries as well as sector and country ETFs.

Stocks

ETFs

4) Commodities

ETX Capital offers CFDs and spread betting on futures markets in energy, metals, soft commodities and daily rolling commodities.

Energy Futures

  • Brent Crude Oil
  • Natural Gas
  • Nymex Oil Futures
  • Nymex Crude Oil Daily Future

Metal Futures

Soft Commodities

  • Corn
  • Cotton
  • London Cocoa
  • Lumber
  • Orange Juice
  • Robusta Coffee
  • Soybean
  • Soybean Oil
  • US Cocoa
  • US Coffee ‘C’
  • US Sugar (No. 11)
  • Wheat

Daily Rolling Commodity

5) Bonds and Interest Rates

ETX Capital offers CFD and spread betting on bond futures and short-term interest rates.

Bond Futures

  • 10 Yr UK Gilt
  • Euro Bobl
  • Euro-Bund
  • Euro Schatz
  • French Oat
  • Long-Term BTP
  • US T Bond
  • US 2 Year
  • US 10 Year

Short-Term Interest Rate

ETX Capital Account Types

ETX Capital offers three types of live trading accounts, which essentially equate to the different platforms the broker offers. Traders can also open a demo account for each type of account:

[table “ETXCapitalAccountTypesnbspresponsivescroll” not found /]

ETX Capital Spreads and Fees

The underlying financial instrument and the type of account determine the ETX Capital spreads that traders pay.

ETX Capital obtains the data from reputable third-party sources, which obtain the data directly from exchange feeds. ETX Capital receives its compensation through the market bid/ask spread.

Other relevant fee information:

ETX Capital charges commissions to clients on CFD equity trades, but not on spread betting equity trades.

The broker does not charge deposit fees to clients.

ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

Overnight Funding Fees

This overnight ETX Capital fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time. Traders can obtain information on overnight funding rates on the ETX Capital website.

ETX Capital charges a monthly inactivity charge for a dormant account, when funds are available. The broker considers an account dormant or inactive if there has been no other trading activity for a continuous period of 365 days or more. The inactivity fees vary by currency:

If you decide to reactivate your account by trading again, ETX Capital will refund the inactivity charge for up to three previous months where it has already been deducted.

The spreads that ETX charges customers can be confusing. Spreads vary according to several different variables such as the platform the customer chooses and the time of day the customer trades. For some products, such as forex, MT4 customers pay lower minimum and average spreads than TraderPro customers. ETX Capital also breaks out the spreads traders pay by spread betting versus CFDs.

The following are the spreads traders pay for CFD trades on the TraderPro platform, but traders can consult the ETX Capital page for spread betting spreads and CFD spreads on the MT4 platform:

Forex Majors

Daily Rolling Cryptocurrencies

Forex Minors

Forex Scandinavian

Forex Emerging

Indices and Indices Futures

Spreads are variable in some cases and in other cases vary according to the time of day the trade is placed. You can consult the ETX Capital website for specific details.

Shares

Commodities

Spreads are variable or fixed depending on the time of day the trade is placed. You can find details at the Spreads and Specifications section of the ETX Capital website.

Bond Futures and Short Term Interest Rates

Spreads are .01 for all of these instruments.

Account Requirements

When you click on the black Create Account button on the ETX Capital website, the system asks you to pick your country of origin from a drop-down menu. Before you can trade with ETX Capital for the first time, you need to answer a few questions. You enter your name, email, country of origin and phone number. You also choose your trading platform – TraderPro, MT4 or Binary – and your currency (GBP, EUR or USD).

ETX Capital then asks you questions about your financial status and trading experience.

After completing this information, traders have to complete two more steps:

  1. Provide ETX Capital with information to verify account
  2. Fund their account with a deposit

To pass their identity verification, you will need to upload one document for proof of identity and one for proof of address. You can drag and drop these documents on to the application form or upload them through your mobile device.

[table “ETXCapitalAccountRequirementsnbspresponsivescroll” not found /]

Traders can deposit and withdraw funds with ETX Capital using one of several different methods:

[table “ETXCapitalFundsandDepositsnbspresponsivescroll” not found /]

The minimum amount required to make a deposit starts at £100 (or currency equivalent).

ETX Capital offers leverage of 100/1 for many products, with leverage as high as 400/1 available on some MT4 products.

Each CFD also has specific ETX Capital margin requirements that traders must maintain. ETX Capital advises that it uses tiered margining, which means that it applies different margin requirements at different levels of exposure. Traders can consult the trade ticket, when they place a trade, for details.

Traders who fall below the ETX Capital margin requirements risk receiving a margin call and having their position closed prematurely.

ETX Capital Withdrawal

(Note: Please see chart above for withdrawal times and methods.) Also, see below for a more detailed explanation:

ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

ETX Capital Platform Review

ETX Capital offers traders two platforms for trading CFDs and for spread betting. The MT4 platform has a similar layout to other broker’s MT4 platforms, along with a few bells and whistles that are unique to ETX Capital.

The main screen has the familiar sections that other MT4 brokers provide. On the left, you will find the Market Watch panel with the list of trading instruments. Below the Market Watch panel is the Navigator section that gives you access to customized technical indicators, Expert Advisor tools and scripts for automated trading. In the middle and right you will find the Chart Window – the technical and charting section of the platform that opens with four charts. On the bottom of the screen, you will find the Terminal Window Panel, which contains a mailbox, an alert tab a journal tab and other features for tracking trading.

Market Watch Panel: This panel contains the live prices and symbols of popular instruments that ETX Capital offers for trading.

In addition to a tick chart, traders can pull up the depth of market for each instrument. This feature is particularly useful for traders looking to execute bigger trades in more illiquid securities.

Navigator: The navigator panel has a whole array of very advanced technical indicators that traders can overlay on to their charts. The menu of options is impressive and will appeal to technically oriented traders. ETX Capital offers dozens of standard and more advanced tools for tracking market sentiment, volumes, moving averages, stochastics and other technical indicators.

Chart Window: The four large panels in the middle of the screen comprise the charting section of the ETX Capital MT4 platform. The chart window opens with four charts, and traders can customize and configure each of these charts using the tools available through the Navigator panel (see above). Traders can also add additional charts and arrange them as they wish. This feature is great for traders that want to keep tabs on multiple instruments. You can also right-click on each chart and change the time frame of the charts, zoom in or zoom out or add additional technical indicators.

Overall, the charting features of the ETX Capital MT4 platform are excellent and would be really useful to any trader looking to follow technical indicators of multiple instruments at the same time.

Terminal Window Panel: The terminal window panel on the platform comes configured with a mailbox, a messaging tab, a journal tab and an alerts tab. These features complement the advanced charting tools.

The very advanced charting features of MT4 make it a deservedly popular platform, and the ETX Capital version of MT4 offers a huge array of tools. However, some of this functionality may be overwhelming to less technically oriented traders.

ETX Capital also offers TraderPro, which has customizable charts, advanced ticket features and an appealing design. TraderPro is intuitive and has many advanced features. Traders can click on a chart, and a ticket window pops up for trading.

The platform also allows you to build watchlists to monitor markets and a tool for calculating the value per pip of your trades.

In many ways, TraderPro rivals MT4 in functionality. Each platform has different spreads, and MT4 is better suited for traders looking to develop automated strategies, while TraderPro gives traders access to more markets and tighter spreads. If there is one weakness to both platforms it is the lack of robust news and analysis for fundamentally driven traders.

ETX Capital Demo Account

Traders can open demo accounts with ETX Capital for each of its three platforms – MT4, TraderPro and binary. Each account operates as a stand-alone from the live platform. It would be better if these were integrated into the live trading platform.

The demo account looks like the live accounts, and traders get the same functionality.

ETX Capital Education Resources

ETX Capital has an Education section on its website that offers several ways to learn about ETX Capital markets and trading. The broker offers seminars, live webinars and trader courses:

Seminars: Free seminars are taught by both their expert in-house team and an independent trader company.

Webinars: Free online webinars are both live and pre-recorded. ETX Capital offers a search engine on its site that allows traders to filter webinars by location, event type and language:

Trader Course: A comprehensive free training for ETX clients delivered by an independent company. This 8-hour program includes monthly follow-ups to discuss trading strategies.

ETX Capital Sign-Up Bonuses and Promotions

Due to the fact ETX’s head office is located in London, which is part of the European Union, it is governed by the Markets in Financial Instruments Derivative (MiFID). Implemented to create more transparency in markets and to offer more protection to traders, this prevents brokers from offering sign-up bonuses. This applies to any broker operating within the EU, so if you do come across a broker offering incentives for you to sign up, they’re either unregulated in an EU country or they’re not regulated at all and could be illegally operating.

Nevertheless, ETX Capital can offer a range of promotional offers to their existing clients. Traders who want additional information should contact their Account Relationship Manager.

ETX Capital

Overview

ETX Capital Trading Accounts

Rating chart

Detailed Information

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, BTC, BRL, INR, ILS, RUB

  • Telephone dealing
  • Scalping
  • Expert advisors

ETX Capital Reviews

Cynthia john from Europe

I have been able to recover my lost funds of about $190k i invested in capital market banc. I never believed i could get my funds back after trading capital for over 3 months , they denied me access to my trading account and i couldn’t withdraw the money. I was unable to reach them until i met my friend who referred me to Mr michaek.L corbat Certified Binary Option Recovery Expert, who took his time to guide me on steps to take to recover my funds in weeks. Right now i have been able to recover $170k and still working on the balance. I’m writing this to those that have lost their money in any way, you should reach out email address:[email protected] And he will guide you on step to take and get your investment refunded back to you.

Cynthia Randall from United States of America

Don’t trust them they are fake company, with fake promises,(EverFxGlobal) they will convince you to invest your hard earned money with them, don’t be fooled by all these scam investment brokers and account managers, i was scammed $70,000 of my investment capital ,they kept on requesting for extra funds before withdrawal request can be accepted and processed ,at the end i lost all my money,.All efforts to reach out to their customer support desk was declined ,i found it very hard to move on . Luckily I came across a comment on a recovery website that recommended a funds recovery expert on binary/forex and bitcoin investment recovery, in the person of Mr Ashley Larsen, and i contacted him immediately through his email address and explained my issues with my investment broker to him ,God so kind, him and his team worked relentlessly to recover my funds, and was able to build a case on the scam broker with the information I provided about my trading experience and my funds refunded back to me within a week interval, i was able to get access to my funds back with his help, I still can’t believe how possible it is to get my invested capital back, including my bonus with the company. I know some people must have been a victim of any scam investment broker. I feel obligated to recommend him and his great funds recovery strategy, feel free to reach out to him if you having issues withdrawing your funds, via his email address: [email protected], and he will guide you on steps to take and get your invested capital including your bonus refunded back to you. Goodluck

ETX Capital Broker Review

ETX Capital is a UK based broker that offers multiple financial products under its wings. Traders can choose Forex trading, spread betting, commodities trading, equity trading, or even binary options trading using a broad range of financial assets that include components from almost all financial markets in the world. Therefore, ETX Capital is one broker that offers an excellent platform for binary options traders regardless of their experience in the market. In this ETX Capital review, we will attempt to find out if the broker is indeed reliable and authentic business.

Review Overview

Bonus – 75%
Software – 65%
Customer Support – 88%
Assets Choice – 100%
Regulation – 96%

Fast Payments

Summary : Authorised and Regulated – a Broker that offers multiple financial products.

Does ETX Capital Have A Regulated Binary Broker Status?

ETX Capital is not a conventional Binary Options broker from the Cyprus; instead, the company is a full-blown brokerage house situated in the world’s largest financial capital, London. A significant presence in London since 2002 has helped the company to establish itself as a market leader in financial services, and the company has just recently ventured into the Binary Options trading market. ETX Capital is fully regulated by the FCA and is authorized to promote several financial products including spread betting and binary options trading. All FCA member firms are required to follow several statutory rules and guidelines while dealing in financial products, which is the primary reason why FCA regulated binary options brokers are highly respected and trusted in the options trading industry.

Do I Get A Free ETX Capital Demo Account?

Every trader should always demo trade before putting their real money on the line. However, demo trading is not offered by a majority of Binary Options brokers, which makes it difficult for traders to get familiar with a binary trading platform. Most Binary brokers usually provide bonuses or a few risk-free trades, which can rarely simulate the live trading conditions experienced over an extended period. Nevertheless, ETX Capital offers a full-fledged demo account that traders can sign up for free and enjoy the benefits of risk-free trading using virtual money. These demo accounts will also help the trader to get accustomed to the platform before the actual trading.

But Is There An ETX Capital Bonus As Well?

The availability of a demo platform does not restrict traders from enjoying a hefty bonus. ETX Capital matches up to 100% in deposit bonuses, which is neither the highest nor the lowest in the market. However, a 100% ETX Capital bonus is a great way of starting off with more equity and traders can certainly benefit from the added funds for better returns. Bonuses do have several trading conditions, and traders should always make sure to satisfy those requirements before requesting a withdrawal of funds.

Is The ETX Capital Platform Better Than The Competition?

ETX Capital Binary Options platform uses the ProTrader software, which is one of the popular trading interfaces in the binary options market. While the software is not the best regarding outright performance and usability, the trading platform does contain all the essential features and binary options products such as high/low, one-touch, and other options. The platform is relatively easy to use with a short learning curve, and traders familiar with the Binary Options trading platforms will feel at home instantly with the ETX Capital platform.
ETX Capital mobile trading platforms are also available through the iOS and Android stores. ETX Capital is a relatively new entrant into the Binary trading market, which has given the company plenty of time to do their homework on the modern trends in the Binary Options trading arena. The broker has certainly lived up to its promises of offering a reliable and trusted binary options trading platform.

What About The Different Financial Assets & The Profitability Factor?

ETX Capital offers all types of financial assets including currency pairs, equities, indices, commodities, precious metals, and bonds. The ETX Capital trading platform provides access to all the financial instruments, and traders can choose the different binary options and the expiry directly from the platform. The conventional binary options such as high/low offer a maximum of 81% for winning trades, while a losing trade will result in the loss of the entire invested amount.
There are no cash backs or rebates on losing trades, but the winning percentage goes up to a maximum of 100% for other binary options such as one-touch options. The profitability factor of ETX Capital is slightly on the lower side, especially considering the fact that other binary brokers offer up to 400% return on several high-risk binary options. The comparitively lower amount of profitability can be attributed to the FCA regulation, which puts several restrictions on the way binary options brokers operate.

The Payment Options & ETX Capital Customer Support

ETX Capital clients can deposit and withdraw funds using credit cards, bank transfers, Skrill, Neteller, SoFort, and through other online payment processors. All deposits except bank transfers are made instantly, while withdrawals do have a 24 hour freeze period. If a trader has signed up for a bonus, the entire funded capital will be blocked from withdrawal unless the trader completes the required number of trades, or until the trading conditions are met.
ETX Capital has a highly responsive and friendly customer channel, but do not offer a 24 hours support, unlike other Binary Options brokers. The customer service channel can be accessed through phone or email, but the lack of a 24 hours support channel or live chat is certainly a drawback in the highly competitive Binary Options marketplace. However, FCA regulation does provide assurances that all customer complaints are treated fairly and according to the prescribed guidelines, which should ensure complete peace of mind.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: