ETX Capital review and test – How good is the online broker?

Review:Regulation:Min. Deposit:Assets:Spreads:Education:
4.9 out of 5 stars (4.9 / 5)FCA (UK)250$5,000+ Forex, Stocks, Indices, Commodities, CryptocurrenciesStarting 0.6 pipsWebinars, eBooks, Tutorials, Coachings

Should you open an account with the Forex and CFD Broker ETX Capital or not? – With more than 10 years of experience in online 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.PreviousNext

ETX Capital official website
ETX capital official website

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.

ETX Capital Wikipedia company information

Brokers like ETX Capital offers all their clients permission to access top competitive prices in more than 5,000 several markets as well as balanced management of their 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 function 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 Forex and CFD Broker
  • CFDs and Spread betting
  • Internation clients accepted
  • More than 5,000 markets

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 78.1% of retail CFD accounts lose money)

Financial security for traders

Just as mentioned before, Monecor is the mother company of ETX Capital, listed under LSE. 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 its customers in any form.

Generally, each online broker that is regulated by FCA always has a fair percentage of regard and accountability towards all their clients, and ETX Capital, in particular, ensures that it complies with 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 Financial Compensation Scheme

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 a broker goes bankrupt you are very safe.

Fact about 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-listed mother company Monecor Ltd.

Review of the 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 spreads for forex and CFDs
Sample spreads

When it comes to spreads the broker only offers spread-based accounts. The advantage of this is 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 with other CFD Brokers.

A 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 is $ 250
  • Minimum spread starting 0.6 pips without commissions
  • More than 5,000 markets
  • CFD Trading and Spread betting
  • Leverage from 1:30 (retail), 1:500 (professional)
  • MetaTrader 4 platform and ETX Trader Pro platform

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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
  • Customizable tools
  • Fast execution

MetaTrader 4

ETX Capital MetaTrader 4 platform for desktop and mobile
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. Analyzing is not difficult with MetaTrader 4 because you got so many options to do it.

ETX Trader Pro

ETX Capital pro trader software for any device
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 user-friendly. 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 easily.

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 MetaTrader 4. In conclusion, the ETX Trader Pro is a little bit better than the MetaTrader 4 but does not support automated trading.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

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 who opens a Spread bet position or selects 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 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 charting with the pro trader
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 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.

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Mobile Trading with ETX Capital

ETX Capital mobile app for iPhone

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 as 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 account opening form

You will then be questioned about your financial background 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 them 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 to 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 broker’s questions
  5. Upload the documents to prove your identity
  6. When your account is approved you can start trading

The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:

Broker:Review:Advantages:Free account:
5 out of 5 stars (5 / 5)
➔ Read the review
# Spreads from 0.0 pips
# No commissions
# Best platform for beginners
# No hidden fees
# More than 3,000+ markets
Live account from $ 20:
Open your free account

(Risk warning: 78.1% of retail CFD accounts lose money)

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 in 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 its 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 customer care support, use the contact us page on the website.

Email, Phone, ChatMonday to Friday: 7:30am – 9:00pm1 Broadgate Circle, London EC2M 2QS+44 (0) 20 7392 1400newaccounts

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.

Another point to highlight is the big education offered 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 a nearly every day 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

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

Conclusion of the review: ETX Capital is a trusted online broker

In summary of the whole thing, ETX Capital is an 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, 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.

Advantages of ETX Capital: 

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

ETX Capital review

Overview and test of the broker ETX Capital.

Trusted Broker Reviews

ETX Capital logo
Trading offers
Customer support


ETX Capital is a secure trading platform with competitive spreads and no hidden fees.


We can recommend trading with ETX Capital. It is a highly regulated online broker with strong expertise in trading and investing. 4.9 out of 5 stars (4.9 / 5)

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Trusted Broker Reviews

Trade from 0.0 pips over 3,000 markets without commissions and professional platforms:

(Risk warning: 78.1% of retail CFD accounts lose money)

FAQ – The most asked questions about ETX Capital:

What is ETX Capital?

ETX Capital is a firm that was set in motion into the CFD business fifty years ago. The CFD dealer is well-known for giving traders a supple trading experience and providing extra helpful stuff like educational stuff for customers. International customers are also accepted, and there are more than 5000 markets.

What is the regulatory body of ETX Capital?

The FCA in the United Kingdom regulates ETX Capital. It is the most prominent and well-known regulation in the world. It also includes safety, protection, and honesty. Thus, ETX Capital is a safe trading platform. 

How do you deposit and withdraw in the ETX Capital?

The minimum deposit in ETX Capital is 250 USD. The deposit can be made through bank transfers, FBP, EUR, SEK, CZK, AUD, CHF, CAD, or HRK. The deposit is made within one working day, whereas the withdrawal is made within 2-3 days. There is no payment for the deposit; you get five withdrawals at liberty.

What are the advantages of ETX Capital?

ETX Capital has high economic reliability and more than 5000 markets. The initial deposit is very low; you need only 250 USD, giving the dealers a good hold-up and educational resources.

See other articles about online brokers:

Last Updated on January 27, 2023 by Arkady Müller