ETX Capital is a UK based online broker that offers CFD trading services to their over 55,000 clients from all over the world. They also offer spread betting to their U.K. clients. Launched in 2002 and initially known as TradIndex, the broker is the trading arm of Monecor Ltd – a financial investment firm founded in London in 1965, which is a member of the London stock exchange.
They offer their clients over 5000 trading instruments across various asset classes, including Forex, commodities, cryptocurrency, stocks, shares, and bonds, for online trading via cutting edge platforms. They have won several industry awards in honor of their unique brokerage services, including the “Best Forex Educators” award at the 2017 UK Forex award and the “Best Spread Betting Platform” award at the International Financial Awards in 2018.
ETX Capital Review Introduction
In this ETX Capital review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ETX Capital.
ETX Capital Platforms & Tools
The broker provides their traders with their own proprietary trading platform called ETX TraderPro and the MT4 platform, which is considered the gold standard among online trading brokers. The ETX TraderPro runs across all operating systems and has useful market analysis and trading tools.
Both platforms have non-installable web trading terminals, as well as Android and iOS apps, which can be downloaded from relevant app stores and help clients to trade on the go from anywhere in the world, provided they have an internet connection. There is a market analysis section on the broker’s website.
ETX Capital Research & Education
There is also an education section on the broker website where they provide their clients with relevant educational resources, such as weekly webinars, ebooks, and detailed tutorial videos, to help improve their online trading skills.
ETX Capital Trading Accounts
ETX Capital offers two types of accounts, which are platform-dependent. They are as follows:
- ETX Trader Pro 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.
ETX Capital Account Funding
The broker does not charge a commission on deposits and withdrawals. The following payment options are accepted:
- Bank wire transfer
- Giro Pay and SOFORT: These methods of online bank transfers are accepted for deposits.
- Credit and Debit cards.
- Online Payments: The online payment methods accepted by ETX Capital are Skrill, Neteller, and China Union Pay.
The processing time of transactions depends on the payment method used and the location of transactions in the case of bank wire transfer.
ETX Capital Customer Service
The ETX Capital customer service team works from 7:30 am to 9:00 pm, 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 Regulation
The parent company of ETX Capital, Monecor (London) Ltd, is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Registration Number is 124721.
ETX Capital Review Summary
ETX Capital is a multiple award-winning online broker that offers over 5000 tradable assets to its clients via flexible & sophisticated trading platforms. They offer clients multiple payment options to fund their ETX Capital Accounts.
It is worth mentioning that some of the trading products and services in this ETX Capital review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the ETX Capital broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.