ETX Capital Broker Review

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ETX Capital отзывы

Обзор брокера ETX Capital

В статье “ETX Capital отзывы” мы рады представить вам довольно популярного брокера из Лондона. Далее вы узнаете о главных особенностях компании, какой у ETX Capital минимальный депозит и как происходит у ETX Capital вывод средств. Также мы проведем исследование и расскажем правда ли, что ETX Capital развод.

Торговля CFD и Forex с уважаемыми брокерами является поистине прибыльным удовольствием. ETX Capital CFD и Forex дают своим клиентам превосходную возможность заработать на более чем 50 видах валютных пар, десятках наименований сырья и индексов, а также на более сотни акций разных компаний. Брокер предлагает очень высокие доходы, а также возможность торговать как на обычной, так и на мобильной платформе, что должно понравиться многим инвесторам.

ETX Capital Forex и CFD

Как показали многочисленные ETX Capital отзывы, торговать на платформе ETX Capital достаточно сложно, учитывая разнообразие выбора активов. А если ещё взять во внимание все возможности по инвестированию, то станет ясно, что для новичков это будет не столько преимуществом, сколько негативным фактором. Трейдерам нужно будет выбирать между несколькими платформами, стилями торговли и огромным списком активом. Бонусная система тоже может показаться непривычной, так как вам придется обговаривать каждое предложение на индивидуальной основе с менеджерами компании. Все эти моменты могут показаться вам слишком сложными, но зато они погрузят вас в настоящий мир профессионального инвестирования.

ETX Capital является членом Лондонской Фондовой Биржи, поэтому у вас будет возможность пользоваться такими финансовыми инструментами, как рынок Форекс и CFD. Эту возможность предоставляют далеко не все брокеры. У ETX Capital минимальный депозит для входа на каждый из этих рынков нужно уточнять у менеджеров-консультантов компании.

Мобильность – ключевая особенность, которую предоставляет ETX Capital. Трейдеры могут торговать как с помощью любой из трех платформ для персональных компьютеров – MetaTrader 4, ETX Trader Pro или ETX Binary, так и с любого мобильного девайса, будь то Android или iOS смартфон.

Мобильная платформа предоставляет лёгкий доступ к вашим ежедневным торгам, для которых не требуется особый технический анализ. На ней отчетливо видно движение цены за нужный вам период, а благодаря лёгкой навигации, у вас не будет проблем с управлением вашими сделками. Но если вам потребуется более продвинутый подход с использованием технических индикаторов и подробных графиков, то можете обратить внимание на старый добрый MetaTrader 4, который хорошо известен трейдерам с рынка Forex.

Если вам нужны дополнительные функции во время ваших ежедневных торгов, то ETX Trader Pro была разработана как раз для того, чтобы оправдать самые большие запросы интернет трейдеров. С огромным набором аналитических инструментов, вы можете продумать каждую свою сделку, чтобы достичь максимальных результатов.

ETX Capital вывод средств

Ранее, мы уже упоминали, какой у ETX Capital минимальный депозит, теперь же давайте поговорим о том, как получить заработанные деньги. В зависимости от того, какую платформу вы выберете для торгов, у вас будут разные условия, чтобы осуществить ETX Capital вывод средств. Общим останется лишь то, что в любом случае вам нужно будет подтвердить вашу личность, дабы обезопасить и себя и брокера от мошенничества со стороны третьих лиц. Компания может отказать вам в пополнении счёта с помощью того или иного способа, в зависимости от места вашего жительства, и предложить вам альтернативные методы. ETX Capital вывод средств осуществляется тем же способом, что и внесение депозита, или с помощью банковского перевода на ваш личный счёт. Процедура занимает стандартное количество времени – 2-3 дня на подтверждение операции и 5-7 рабочих дней, чтобы выполнить сам перевод.

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ETX Capital Review – Is it scam or safe?

Beware! Despite their solid regulation ETX don’t bother paying their partners. If you dare to ask for your commissions you risk to get your affiliate account deactivted.

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads

ETX Capital`s clients are offered a choice of two account types depending on the trading platform selected. In addition, there is also a demo account available, which is always appreciated by newbies.

The Company

ETX Capital is a trading name of London-based Monecor Limited, licensed and regulated by the Financial Conduct Authority (FCA), and also a member firm of the London Stock Exchange and was established back in 1965.

The broker provides trading services to its customers, which include forex and CFDs, binary options, as well as spread betting, which is tax-free in UK. A variety of products are available to trade, including indices, commodities, stocks and currency pairs.

Security of Funds

Monecor Ltd., operating under the ETX Capital brand, is authorised and regulated by the Financial Conduct Authority (FCA) and UK regulation is renowned for applying strict rules and standards. Brokers have to meet numerous requirements, such as to keep clients` funds in segregated bank accounts separated from the company’s own funds.

What is more, FCA-regulated companies are required to prove their financial stability and to hold a minimum of €730 000 in order to operate legitimately. Similar minimum capital requirements apply in other jurisdictions: Cyprus-based brokerages are required to hold € 1 million; those based in Australia are obliged to possess at least $ 1 million; and US forex brokers must hold a minimum of $ 20 million.

Furthermore, an additional guarantee to clients’ funds is provided, as clients of FCA-regulated entities are entitled to participate in a government compensation scheme called the Financial Services Compensation Scheme (FSCS). In the event that the regulated company becomes insolvent, traders can claim compensation up to 50,000 GBP. Similar compensation schemes apply in other countries, for instance all CySEC-regulated companies are members of the Investor Compensation Fund, which secures the claims of covered clients and provides them with compensation of up to 20,000 EUR per person, if the Cyprus-based broker is unable to fulfill its obligations.

Trading Conditions

Minimum Initial Deposit
ETX Capital requires £100 or equivalent in another currency from clients to start with. This initial capital amount is considered average. In comparison, other UK-based forex brokers, like FxPro, require $500 as a minimum initial deposit, and XM, for instance, demands just $1 from clients in order to start trading.

Spreads & Commissions
ETX Capital offers variable spreads ranging with regard to different products and charges no commission fees.
As regards forex, the minimum spreads start at 0.7 pips, and the average value is 1.2 pips on EUR/USD, which is average. In comparison, another UK broker, FxPro, offers variable spreads, the minimum being 0.6 pips and the average 1.4 on EUR/USD for its commission-free MT4 accounts. You may look up real-time spreads of 15 leading brokers here.

Leverage
This broker offers different leverage levels, depending on the type of trade and the instruments traded. Basically maximum leverage for CFDs is 1:133 and for currency pairs up to 1:200 (1:400 for selected products on the MT4 platform).

Maximum leverage levels of 1:200 and 1:400 are both standard for the forex market. In comparison, other UK-based brokers provide similar leverage rates: Admiral markets, for instance, offer leverage up to 1:500 and HY Markets – up to 1:300. In case, however, you need higher leverage, you can find more forex brokers offering leverage equal to or exceeding 1:500 here. Keep in mind that higher leverage involves higher risk, not only the probability of multiplied profits earned on a small deposit. It is a double-edged sword.

Trading Platform

ETX Capital provides its clients with a choice of two basic specialized platforms, so they can sele

ct the one that best suits their needs: their in-house platform ETX TraderPro and ETX MT4 – a hosted MetaTrader 4 platform.
ETX TraderPro is targeted at experienced traders and allows them to choose from multiple chart formats.

As regards the MT4, this is the preferred platform by most traders, since it enables clients to fully automate their trades by choosing from a number of Expert Advisors (EA) and let the software do all the work. Additionally, MT4 offers a variety of technical indicators, extensive back-testing and advanced charting package. Here is a list of more forex brokers offering MT4 platform.

Additionally, this broker has developed a specialized platform for trading binary options, called ETX Binary, allowing clients to trade with a wide range of expiry times, from a month all the way down to a minute.

All trading platforms offered by ETX Capital are also available on iPhone, iPad and Android devices.

Methods of Payment

The broker accepts customer deposits and allows withdrawals via wire/bank transfer, online bank transfer and major credit/debit cards are accepted (except AMEX).

No fees are requested by ETX Capital, except for withdrawals under GBP 100 or equivalent currency.

Conclusion

ETX Capital is a well-regulated broker, offering a number of instruments through both its proprietary platform and the popular MT4 under reasonable trading conditions. To sum up the above, here are the advantages and drawbacks with regard to this broker:

Pros Cons
FCA-regulated No significant weaknesses
Variety of platforms offered
MT4 available
Competitive spreads
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

ETX Capital Review 2020

ETX Capital is a regulated broker based in the United Kingdom. They offer over 5,000+ trading instruments to clients from all over the globe for trading on the MetaTrader 4 and ETX TraderPro platforms. They do not offer managed accounts, social trading platforms and have limited expert market analysis.

ETX Capital Review 2020, Pros & Cons
  • Established & regulated broker
  • Cutting edge platforms suitable for all types of traders
  • Over 5,000 trading instruments
  • Multiple payment options
  • Clients from United States, Belgium, Canada, Singapore & more countries are not accepted
  • No Managed accounts & no social trading
  • Incomprehensive analysis; No in-depth analysis by experts or third party analysts
  • Limited trading tools
  • Market maker broker

In this detailed ETX Capital review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

ETX Capital is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including ETX Capital.

ETX Capital Review: Summary

ETX Capital is a UK based online brokerage that offers spread betting and CFD trading services. ETX Capital is the trading arm of Monecor Ltd; which is a financial investment firm founded in London in 1965 and it is a member of the London Stock exchange. Monecor Ltd launched ETX Capital in 2002 as TradIndex and later changed its name to the current name. The head office is located in London while other offices are spread across Europe and Asia. The broker boasts of over 55,000 clients from all over the world.

The brand offers more than 5,000 trading instruments for online trading via cutting edge platforms. The spreads are low and client orders are executed swiftly. On its proprietary platform, there are several tools available to traders for analysing the markets and also to manage trading activities.

ETX Capital has won several industry awards in honour of its brokerage services. These include the ‘Best forex Educators’ award which it won at the 2020 UK forex award. The broker also won ‘Best Spread betting platform’ award at the international financial awards in 2020.

ETX Capital Review: Brokerage Awards

ETX Capital Review: Regulation

The parent company of ETX Capital, Monecor (London) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The financial Services registration number is 124721.

Clients’ funds are kept in segregated bank accounts held with the top-rated banks in Europe. This helps to ensure that they are not used for any other purposes such as business running costs.

ETX Capital is a member of the Financial Services Compensation Scheme (FSCS). This adds an insurance security to the traders’ funds and means that if ETX Capital becomes insolvent, the FSCS can compensate eligible clients with payments up to £85,000.

‘Know Your Customer’ (KYC) verification is carried out on every client. This procedure entails uploading a ‘government issued id card’ and ‘a utility bill’. This is a regulatory requirement and it is important in order to identify every client to ensure that illegal acts like money laundering, financing terrorism, etc, are not carried out on the pretext of forex/CFD trading.

ETX Capital Review: Countries

ETX Capital does not accept clients who are residents of the United States, Belgium, Canada, Singapore, or any particular country where its services will be contrary to the local law or regulations. Some ETX Capital features and products mentioned within this ETX Capital review may not be available to traders from specific countries due to legal restrictions.

ETX Capital Review: Trading Platforms

ETX TraderPro

This is the proprietary trading platform from ETX Capital. This platform is web based which makes it convenient as it requires no downloads or installations. It is also versatile because it runs across all operating systems and comes with useful market analysis and trading tools. The ETX TraderPro also has an Android and iOS app which can be downloaded from their respective app stores. These mobile trading apps are useful for those who wish to trade whilst on the go from anywhere in the world provided that they have an internet connection. Here are some of core features of the ETX TraderPro platform:

  • Customisable workspace, layouts, windows, drag and drop charts.
  • Charts can be displayed in over 15 timeframes.
  • 8 chart styles including OHLC, Heikin-Ashi, Cloud, Plot, Area, Three line break, Line and Candlesticks.
  • Over 55 technical indicators and 14 drawing tools for detailed chart analysis.
  • Multiple order types and risk management tools.

ETX Capital Review: TraderPro Platform

MetaTrader 4 (MT4)

This is the most widely used online trading platform in the forex and CFD trading industry. There are millions of MT4 software apps, indicators, trading robots and other tools already in use. This makes it very difficult for many traders to abandon the MT4 platform, thus, most brokers provide MT4 if they desire to attract more clients. MT4 has therefore unofficially established itself as a standard among online trading brokers. The platform is loaded with important tools for thorough chart analysis and trading in addition to its intuitive interface and user friendliness. The ETX Capital MT4 platform is available as downloadable desktop applications for Windows and MAC operating systems and also available as mobile apps for Android and iOS devices. Here are some of the key features of the MT4 platform:

  • Built for speed as 94% of ETX trades are executed within 30 milliseconds.
  • Available in over 35 languages.
  • Supports the automation of strategies using software expert advisors (EAs).
  • Strategy tester to back test EAs on historical price data.
  • All the instruments’ buying and selling prices are listed in real time in the market watch window.
  • Customisable price alerts via SMS, email and popups.
  • Supports one-click trading and trading directly from the charts.
  • Charts can be displayed in 9 timeframes.
  • Around 30 inbuilt technical indicators can be added to the charts for market analysis. This number can be increased to thousands through the use of extension apps.
  • 24 analytical tools are available for technical analysis.

ETX Capital Review: MT4 Trading Platform

ETX Capital Review: Trading Tools

Market Analysis

This section of the ETX Capital website focuses on the market news, commentary and analysis. It can help to inspire trade ideas by giving a preview of the week ahead, technical round up and analysis of selected economic events. Unfortunately, this section is not frequently updated.

ETX Capital Review: Education

At least one webinar is scheduled every week on the ETX Capital website. The webinars cover a range of different trading subjects including different technical indicators, trading strategies and how specific events affect the markets.

There are 5 eBooks which can be useful to those who are new to trading online. The topics in the books cover technical indicators, different markets, trading strategies, market analysis and more. The books are short and full of illustrations. The most voluminous book is about 22 pages.

There are a total of 8 videos on ‘platform guides’. Only one video gives a walkthrough of the MT4 trading platform while the remaining 7 teaches how to use the ETX TraderPro trading platform.

The following training courses are available on the education section of the ETX capital website: CFDs, indices, forex, commodities, shares, cryptocurrencies and risk management. Each of these courses is structured with 3-4 subtopics under them. Estimated reading time, skill level and other statistics are assigned to each subtopic.

A glossary of more than 70 trading terms is provided with full definition of the terms.

ETX Capital Review: Trading Instruments

The following instruments are available for trading:

  • Over 60 FX currency pairs including major, minor & exotic crosses
  • Over 20 indices
  • Thousands of shares listed in over 20 countries
  • 4 commodities
  • 7 cryptocurrencies
  • 5 bond futures

ETX Capital Review: Trading Accounts & Fees

ETX Capital only offers two types of accounts which are based on the platform. They are as follows:

  • ETX TraderPro account: This account gives access to trade on ETX Capital’s proprietary trading platform. The average spread for the EURUSD is 0.81 pips.
  • MT4 Account: The average spread on the MT4 account is 1.01 pips for the benchmark EURUSD. This account is for traders who choose to trade on the popular MT4 platform. All strategies are allowed including scalping, hedging and automated trading using EAs.

Demo accounts are offered on both platforms. Inactivity fees of £25 are charged from accounts that have been dormant for 6 months and above. The fee is charged monthly until the account is depleted or the client begins trading again.

As broker fees can vary and change, there may be additional fees that are not listed in this ETX Capital review. It is imperative to ensure that you check and understand all of the latest information before you open an ETX Capital account for online trading.

ETX Capital Review: Customer Service

The ETX Capital customer service team works from 7:30am to 9:00, Mondays to Fridays. The team can be reached on various phone numbers and emails. On social media, ETX Capital is on Facebook, Twitter, LinkedIn and YouTube.

ETX Capital Review: Deposit & Withdrawal

ETX Capital does not accept third party deposits. All deposits must emanate from the same name on the trading account. There are no commissions on deposits and withdrawals. 5 free withdrawals are given to each client every month after which £10 is charged for further withdrawals. £10 is also charged for withdrawals less than the threshold of £100. Withdrawal requests received before 2pm are processed on the same working day. The following payment options are accepted:

  • Bank wire transfer: If the client’s bank is located in the UK, then the deposit is processed within 24 hours. Other locations take 3-7 days for the funds to reach ETX Capital bank accounts.
  • GiroPay and SOFORT: These methods of online bank transfers are accepted for deposits. The payments are processed instantly.
  • Credit and Debit cards: Deposits made by cards are processed instantly. But, card withdrawals can take up to 7 days depending on the location of the client and the card processors.
  • Online Payments: The online payment methods accepted by ETX Capital are Skrill, Neteller and China UnionPay. Deposits are processed instantly while withdrawals take up to 24 hours.

ETX Capital Review: Account Funding Methods

ETX Capital Review: Account Opening

It is very easy to create a trading account with ETX Capital. Visit the website and click on the ‘Create Account’ button located on the top right hand side of any page on the website. The form below is displayed.

ETX Capital Review: Account Registration Form

Fill in the details and click ‘continue’. Another 4-page form displays requesting more details like date of birth, address, trading knowledge assessment, etc. The last stage is the document verifications where clients are required to undergo the KYC verification. Once your documents have been verified which can take a few days, you will be able to fund your account and start trading online.

ETX Capital Review: Conclusion

ETX is a multiple award-winning online broker that offers thousands of tradable assets to its clients via flexible and sophisticated trading platforms. The brand is regulated by the stringent FCA and therefore must abide by the regulatory rules which include account segregation, digital security, client verification, etc. Regulation can help to give potential clients some peace of mind that they are using a reputable brokerage firm.

The wide array of tradable assets on the broker’s platforms is impressive at over 5,000. ETX TraderPro has won awards as an outstanding platform replete with essential trader tools. The MT4 platform is also very popular and widely accepted by professional traders across the globe.

The trader training resources provided by ETX Capital are commendable. Newcomers may find the training courses and eBooks very useful to help them improve their trading skills and knowledge. The multiple payment options are also a beneficial as they allow users from all over the globe to fund their ETX Capital trading account using a range of convenient options.

However, in the area of market news and analysis, ETX Capital is seriously lacking behind when compared to other top rated brokers. There are no in-house experts who monitor the markets and present daily insights and trading ideas. No partnerships with expert researchers and analysts like ‘Trading Central’, ‘Claws & Horns’, etc.

Trading accounts are limited with no mini/micro accounts for testing the real trading conditions. They do not have any social trading platforms which allow signal copying from other traders. There are no managed accounts for investors and money managers. Furthermore, there is also a lack of additional standalone trading tools. For these reasons, there are better options for an online trading broker worth considering.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% of retail investor accounts lose money when trading CFDs with ETX. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Min $100 Deposit

ETX Capital is a regulated UK based broker that offers 5,000+ trading instruments to clients from all over the globe for trading on the MT4 & ETX TraderPro platforms. They do not offer managed accounts, social trading & have limited expert market analysis.

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