ETX Capital is an online financial trading platform founded in 2002 in the United Kingdom. It is owned and managed by Monecor Ltd who is a member of the London Stock Exchange and whose parent company was established in 1965. It has a total of 6000 CFDs offered and 59 currency pairs in general.
ETX Capital offers two types of trading platforms to their clients.
- Proprietary TradePro – This platform type gives clients a great number of trading tools and market access as well. This trading platform is most suited for traders who want a great control over his assets and trades. It offers direct chart trade and in-depth trade analysis which is a great help for traders especially those who are running short on time. It is also equipped with indicators and on chart trading which traders can customize, smart tools, and personalised watchlist and price alerts.
- MT4 trading platform – It is the second trading platform that is offered by ETX and it is world famous as well as the most used trading platform. It is equipped with advanced trading and charting tools, a great number of technical indicators, Expert Advisors, and multilingual support. It also offers clients a fully customizable interface and supports multiple order types too.
To cater to the needs of their clients wherever they are, ETX Capital has provided them with a mobile trading platform where they are given access to everything offered by ETX Capital in their web-based trading. With these, clients can do all trading activities right at their fingertips. Clients can download their mobile trading platform via Google Play store or Apple App Store.
ETX Capital only offers one standard account type for all their clients which requires a minimum initial deposit of $100. This account type offers a leverage which can be as high as 1:200.
A demo account is provided by ETX Capital to their clients who wish to practice trading without risking their assets. This can also be utilized by their clients who want to master trading or those who simply want to familiarize themselves with the broker and the trading platforms as well.
A minimum initial deposit of $100 is required in order for someone to open a live trading account with ETX Capital. This is significantly a small amount which comes with great benefits and features in return.
Clients who wish to withdraw or deposit can do the transaction via different channels which include all major credit and debit cards, Neteller, GiroPay, China Union Pay, Skrill, and bank and wire transfer.
For withdrawal, the processing time usually takes 2 to 3 days and the first five withdrawals are free of charge.
A maximum leverage of 1:200 is offered by ETX Capital with their standard trading account. This is considered a high leverage which means that traders should be careful when trading as great risk comes with it.
Spreads and Commission
The average spread offered by ETX Capital is 0.95 pips. It offers a commission-free pricing on both trading platform that they offer.
Regulation and License
ETX Capital is a regulated broker under the jurisdiction of Financial Conduct Authority (FCA) in the UK with license number 124721. FCA is known as a strict and one of the leading financial regulatory bodies, thus, clients are ensured that they are trading with a broker that is safe and secured.
Clients who wish to contact ETX for support can reach them via email, live chat or telephone for 24 hours, 5 days a week. Their website is also available in 8 languages to cater to their clients who speak different languages.
Benefits of Trading with ETX
Trading with ETX comes with a lot of benefits. Such benefits include a safe and secured broker, amazing features and trading platforms, easy to reach customer support and so much more.
- Well regulated
- Low initial deposit
- Great trading platforms
- Limited research resources
- Smaller range of markets with wider spreads
ETX Capital is a trusted broker which is suitable for both beginner and experienced trader. It is a broker which is worth the try with its wide array of benefits and features which makes trading way easier. It has received numerous awards throughout the years which is a reflection of the service quality that it provides.