Should you open an account with the CFD Broker ETX Capital or not? – With more than 7 years of experience in CFD Trading we will test the broker in the following review. We will give you a deeper look into the conditions for trading online and the trading platform. Learn about what does the online broker ETX Capital is offering its traders. Should you invest your money? – Find out in the next sections.

etx capital

Official homepage of ETX Capital

ETX Capital

MetaTrader 4 Software

etx capital pro trader

ETX TraderPro Software

etx capital mobile app

Mobile App

Review:4.9 out of 5 stars (4.9 / 5)
Regulation:FCA (UK)
Demo account:✔ Free
Min. Deposit:250$
Assets:5,000+ Forex, Stocks, Indices, Commodities, Cryptocurrencies
Spreads:Starting 0.6 pips
Leverage:1:30 (retail), 1:500 (professional)
Support:Monday to Friday: 7:30am – 9:00pm
Education:Webinars, eBooks, Tutorials, Coachings

(75.6% of private investor accounts lose when trading CFDs)

What is ETX Capital – The company presented:

ETX Capital is a solid company that was launched into the CFD business fifty years ago (Monecor Ltd). The FCA is regulating it. There’s a broad range of trade on ETX Capital, a top industry-leading forex trading platform with a healthy and competitive spread. The CFD Broker is known to provide a flexible trading encounter for customers and gives additional helpful materials like educational materials for clients.

Brokers like ETX Capital offers all its clients permission to access top competitive prices in more than 5,000 several markets as well as balanced management of its customer services. Though the platform has many supporters or fans from all over the countries across the world, its main headquarters is in London. ETX Capital is the popular name for Monecor in London, a big company behind ETX Capital.

The Financial Conduct Authority authorizes it under the Financial Services Register. Monecor London, as a company, was launched in 1965. It is also rooted in the London Stock Exchange (LSE). It is important to note that CFDs are broad tools and can be accompanied by a high risk of losing real cash quickly because of leverage. So it is recommended to first watch and understand how CFDs functions well, but you may decide to put in your money only if you know the risks involved.

Main facts about ETX:

  • Founded in 2002
  • United Kingdom based CFD Broker
  • CFD and Spread betting
  • Internation clients accepted
  • More than 5,000 markets

Regulation of ETX Capital – Is the CFD Broker regulated?

An official regulation of an online broker is very important nowadays. Traders should check the regulatory status of the company before investing. Fraud can be excluded if the company is official regulated by an authority.

ETX Capital is highly regulated by the FCA (Financial Conduct Authority) in the United Kingdom. This is one of the most famous regulations and licenses in the world. It includes financial safety and trustworthiness. Through this regulation, we can recommend that the broker is safe to invest with.

etx capital regulation

In Europe, the ETX Capital relishes a steady regulatory reputation, but this is not the same in the United States. Right from the time that the CFTC and NFA had demanded an update to the operational structure and regulatory direction, a high number of FX companies had close up their FX allied brokerage system in the United States. So, the ETX Capital Company is a part of those companies that folded up its services from operating in the US. Note that none of its services or products are transacted with the citizens of the United States.

Note:

ETX Capital is regulated by the FCA with the number 124721.

Financial security for traders

Just as mentioned before, Monecor is the mother company of ETX Capital, listed under LSE. The ETX Capital is mainly a UK-based FX brokerage. That is why it is regulated and controlled by the FCA. The ETX Capital Company has a considerable presence in the EU region. Also, it has so many affiliates scatter across the globe in countries like Africa, Russia, and the Middle East. Thus, the CFD Broker is a trusted company that transacts deals in high-quality financial services that do not affect the confidence of their customers in any form.

Generally, each online broker that is regulated by FCA always have a fair percentage of regard and accountability towards all their clients, and ETX Capital, in particular, ensure that it complies to the several terms and conditions as regards making sure that their customers are well treated and secured from any form of financial consequences.

etx capital fscs

Since the FCA regulates the ETX Capital, the Markets in Financial Directive permit the broker to function as a licensed entity in the whole of the European Union. There is a Financial Service Compensation Scheme (FSCS) which safe the client’s money up to £85,000. If a bank or the broker goes bankkrupt you are very safe.

Fact about the financial security: 

  • £85,000 Financial Service Compensation Scheme
  • Regulated payment methods
  • The broker uses regulated EU Banks
  • The broker does not use clients money for hedging or investments
  • Stock exchange listet mother company Monecor Ltd.

Review of the CFD trading conditions:

ETX Capital offers trading with leveraged financial products (CFDs) and Spread Betting. More than 5,000 different markets are available. This includes forex, commodities, stocks, indices, cryptocurrencies, and more exotic assets. The leverage is 1:30 for retail clients and 1:500 for professional clients because of the new regulation.

etx capital

Sample spreads

When it comes to spreads the broker only offers spread based accounts. The advantage of this that you pay no commission on most of your trades (some assets can include commissions). The spread is starting with 0.6 pips in forex and 1 point in indices. The trading costs are very competitive to other CFD Brokers.

Trader can open a free demo account or a live account. The minimum deposit for real money trading is 250$. In addition, different base currencies are offered for the trading account. ETX Capital provides a very fast execution by using large and trusted liquidity providers. All in all, the company provides very good conditions for investors.

Trading conditions: 

  • Free demo account
  • Minimum deposit 250$
  • Minimum spread starting 0.6 pips
  • More than 5,000 markets
  • CFD Trading and Spread betting
  • Leverage 1:30 (retail), 1:500 (professional)

(75.6% of private investor accounts lose when trading CFDs)

ETX Capital trading software test

As excellent researchers we have spent several months studying several CFD platforms. When we made test research on ETX Capital, the following was what we discovered about the platform.

ETX Capital offers two types of trading platforms. There is the MetaTrader 4 and the own developed ETX Trader Pro. Both software is available for any device. You can use your computer, smartphone, or tablet. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools.

Facts about the trading software: 

  • MetaTrader 4 and ETX Trader Pro
  • Available for any device
  • Technical indicators and drawing tools
  • Multi Charting
  • Customizeable tools
  • Fast execution

MetaTrader 4

ETX Capital

ETX Capital MetaTrader 4

MetaTrader 4 is one of the most popular trading software for many years. A lot of brokers offer this software to trade with. It is highly customizable and if you are able to program you can develop your own indicators or trading systems. Also, automated trading is supported by this software.

Trading is quite easy on the platform and you can open trade with only one click by the order window. Create your own strategies and templates which you can duplicate on other charts. Analysing is not difficult with the MetaTrader 4 because you got so many options to do it.

ETX Trader Pro

etx capital pro trader

ETX Capital Trader Pro

The ETX Trader Pro software is developed by ETX Capital. The Software gives you the same tools as the MetaTrader but the interface is much smoother and userfriendly. Multiple chart types, technical indicators, and drawing tools are available for analysis. In addition, you get access to dynamic risk management which helps you to control the risk of different positions very easy.

The charts can be customized by drag and drop options which is a huge advantage because you can do it very fast. Especially for beginners, you will get a better overview of the markets than in the MetaTrader 4. In conclusion, the ETX Trader Pro is a little bit better than the MetaTrader 4 but does not support automated trading.

Analysis and charting:

ETX Capital has different display styles that are accompanied by a broad range of trading tools that meets a trader’s requirement. It is possible to do your research and save the settings just as you want. No stress, it’s just a click on the chart button on the particular market. Right there, you can select the Charts window and click on the kind of selection and style you want.

etx capital charting

Charting Trader Pro

The style of a chart can be updated just as you want. If you want to make any changes, open the chart by clicking on the search bar. Select the chart image to open a new window, and then click on “Types” and “Charts” to change the style of your chart. You can also get the chart opened in a new browser tab. Navigate to the top right of the chart and click on “Move to New Window.”

There are so many indicators provided for ETX Capital charts. You can add or remove them by navigating to the “Studies” tab on the particular chart. Select the symbol you want to remove or add and update the settings. Click on copy and close. After this action, you should be able to see the indicator on your chart.

How to trade with ETX Capital:

It is either a trader opens a Spread bet position or select to make transactions on CFDs. Forex with ETX Capital can be carried out in two separate ways, such as a CFD or as a Spread bet. This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open.

You can keep going long or short, based on your choice. Note that for the fact that you are forecasting on market volatility and the updates in prices of FX markets with either a CFD account or Spread bet account, you may decide to go long or go short, meaning you either Buy or Sell. So depending on your chosen trade as a trader, you may either feel bearish or bullish about the longevity of the particular market.

etx capital

Open the trading position

  1. Choose the asset you want
  2. Make a forecast and analysis of the market
  3. Buy or sell (long or short)
  4. Do risk management
  5. Take your profit
  6. Close the position

Traders are to manage their risks. The FX market is one of the largest liquid markets across the globe, with various trading activities under it. So, it is advised that when trading or placing your trade, you have to be extra careful as to guide yourself from any possible losses, as well as excess market movements.

There is a broad range of risk management instruments that are made available to every trader on the ETX Capital platform. These tools are the stop losses, limit orders, and guaranteed Stops, and they are used to control the level of risk on the platform. If you are a new trader, you can begin with a small trade that fits your financial capability. Do not try to over-leverage your account by dealing with transactions that are more than your wallet.

Mobile Trading with ETX Capital

etx capital mobile app

It is available on Android of v33.0.0 above and iOS. The application looks just the same as the official website with the same controls and functionalities. All kinds of trade types and offers are the same on the mobile platform, also are the account management features and trade history. ETX Capital clients have free access to the mobile app. The download is fast and straightforward, and the trader can log in with their detail to make a fast trade.

Note that the ETX Trader Pro and MetaTrader 4 are available for any device. You only need one account each to get access to the markets on your devices.

Advantages of mobile trading: 

  • React to any political events or news directly
  • Manage your portfolio 24/7 per week
  • Get access to more than 5,000 markets
  • Use the same tools like in the desktop version
  • One account for any device

How to open your account:

Creating an account on the ETX Capital platform is secure. Just visit the ETX official site and click on the create account button. The system will demand that you select your country of origin from a list. Before you can be allowed to trade on the platform as a first-timer, there are some questionnaires you must answer. You would be asked to input your email, name, country of origin, and functioning phone number. You would be told to select your kind of trading platform, which could be MT4, TraderPro. Also, you will select your currency, which could be USD, EUR, or GBP.

etx capital

Open your account

You will then be questioned about your financial backgrounds and trading skills. When this information is completed, there will remain two more steps for the trader to complete. You will be asked to verify your account before funding it. Then you have to upload a document to verify your identity and your residential address. These documents can be quickly loaded on the website by dragging and dropping it on the form. Also, you can do it on the mobile app. Funds can be deposited and withdrawn on the ETX Capital platform through several methods. The minimum deposit amount on accounts is £250, or it is equivalent in your chosen currency.

Simple steps to open the account: 

  1. Sign up through the form above or the button below
  2. Insert your personal data
  3. Use the demo account for free or continue with the live application
  4. Answer the brokers questions
  5. Upload the documents to proof your identity
  6. When your account is approved you can start trading

(75.6% of private investor accounts lose when trading CFDs)

Account types:

ETX Capital does not provide separate accounts. Instead, the broker provides two different platforms to suit any trader’s trading style. A trader could either be on the ETX TraderPro or the ETX MT4. When an account is opened on any of these platforms, it is still permitted to trade on the other platform. This switch is smooth, you have to email the customer service, and so they will enable you to trade on the other platform because you have undergone the verification process during your account opening.

As a trader, you can have over one trading account on the ETX Capital broker, and also for each of the trading platform available. One can register over five trading accounts with ETX Capital. You can always contact the broker if need be that you want to have more than five accounts on the platform.

Accounts:

  • Demo account with virtual money
  • MetaTrader 4 account
  • ETX Trader Pro account

Demo Accounts on ETXCapital

ETX Capital provides demo accounts for the two platforms separately. If you want to get a demo account, go to the platform tab on the official website and select “Demo,” then follow the prompts to complete registration. With the demo platform, you can boost your trading skills and get acquainted with some tools without risking your real money on the investment.

How to deposit and withdrawal:

Just as mentioned earlier, the minimum deposit condition on the ETX Capital platform is $250, or it’s equal in your chosen currency. Deposits can be made through bank transfer or wire transfer in different currencies such as USD, GBP, EUR, ZAR, SEK, SGD, PLN, NOK, CZK, HKD, AUD, CHF, CAD or HRK. Deposits take a minimum of one business day, while withdrawal is about two to three days. The same thing applies to online bank transfers. Major credit and debit cards can be used for deposits. The same number of days applies for this kind of deposit too. Deposits made with debit or credit cards can be in GBP, USD, EUR, CZK, DKK, NOK, ZAR, CHF, NOK, or PLN.

etx capital

For those interested in using e-wallets, there are several options for them, and these include Neteller, GiroPay, Skrill, and Sofort. For these methods of deposits, the number of days still applies. Take note that GiroPay and Sofort permit deposits only in EUR currency. Skrill and Neteller permit EUR, USD, or GBP. China UnionPay permits EUR, RMB, GBP, or USD.

Facts about payments:

  • Bank transfer and electronic payment methods
  • Instant deposits
  • Withdrawals are done in 1 – 3 working days
  • No fees for deposit
  • 5 free withdrawals per month
  • 10£ fee for payments under 100$

(75.6% of private investor accounts lose when trading CFDs)

ETX Capital fees: How much does it cost to trade?

The inactivity fee is not charged on the ETX Capital platform on dormant accounts. The charges are done monthly, depending on the type of currency used. Your trading currency fee can be viewed on the ETX Capital trading website. There are over 31 currencies on the platform, making it not easy to list them all on this article.

ETX Capital Company also has an overnight fee that they charge because they offer leveraged trading products. For indices, commodities, and equities, their charge is the total position held multiplied by 3.5%, then divided by 365. At weekends, the expenses are only applied just once. Though the basic market spread is broader since a 3-day position is done instead of one. Also, for FX, interest, the summation is based on the particular currency used in trading.

ETX Capital fees: 

  • Spread fees
  • Overnight fees can occur
  • Inactivity fee can occur

Customer support and service

The ETX Capital customer support service makes use of several languages to meet the needs of their numerous customers. Another lovely aspect is that the FAQ page on the official site is available in English, Spanish, Mandarin, German, Czech, and Polish over 15 languages. To get to the customer care support, use the contact us page on the website.

Support:Available:Address:Freephone:Email:
Email, Phone, ChatMonday to Friday: 7:30am – 9:00pm1 Broadgate Circle, London EC2M 2QS+44 (0) 20 7392 1400newaccounts
@etxcapital.com

There you can find their contact details. There are different numbers for an existing account and a new account. Existing accounts are to make use of the numbers listed for them. While new users are to make use of the numbers of customer support listed for them, if you want to locate them physically, you can get their physical address on the website. The ETX Capital company has made it part of the trade to go to different trade events across the globe. Traders at the trade events can get to meet business introducer’s clients, affiliates, and clients.

etx capital

ETC education

Another point to highlight is the big education offer for traders. ETX Capital is one of the few brokers who want their traders to succeed. On their webpage, you will find the education center. There are webinars, eBooks, tutorials, courses, and knowledge-based articles to help you with trading. Surprisingly there is nearly every day a webinar for traders.

With ETX Capital you can be sure that you will improve your trading skills: 

  • Daily webinars
  • eBooks
  • Courses
  • Personal support
  • Strategies and market analysis
  • Professional educated support for helping clients

Conclusion of the review: ETX Capital is a trusted CFD Broker

In summary of the whole thing, the ETX Capital is a online broker that offers clients different kinds of assets to trade on. The CFD Broker prides itself on providing a little spread and quality customer support to help a trader master the trade and excel in it amidst the high competition. The ETX Capital website has a quality interface, provides lots of tools and charts for making trades easy. In addition, the ETX Capital allows clients to make use of the version of MT4 for trading.

With over 50 years of existence in business, plus being regulated under the FCA, the platform has proven to be a secure place for any interested broker.

etx capital

Advantages of ETX Capital: 

  • Regulated by the famous FCA (UK)
  • High financial security
  • More than 5,000 markets to trade
  • Low minimum deposit of 250$
  • Free demo account
  • Professional platform MetaTrader 4 and ETX Trader Pro
  • Competitive spreads
  • Good support and education for traders

We can recommend to trade with ETX Capital. It is a highly regulated CFD Broker with strong expertise for trading.

Trusted Broker ReviewsExperienced and professional traders since 2013

(75.6% of private investor accounts lose when trading CFDs)