ETX Capital Review

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ETX Capital is a worldwide FOREX and CFD broker, being part of the financial group, Monecor, which has been providing brokerage services since 1965.  The company is located in the heart of London in the "City - Financial District".  The company has a license from the Financial Conduct Authority, so all customer deposits are insured up to £50,000 pounds.  The success of the brand has resulted in more than 20 offices all over Europe, all providing excellent customer support.

Trading

Think about any financial instrument and you can probably trade it with ETX Capital.  The company offers more than 6,000 instruments, including shares from around the world, share indices, commodities, metals, currencies, interest rates and many more.  The company also offers more than 100 kinds of tradable binary options with their special "ETX Binary" platform.

"The Trader Choice" tool allows you to see how many traders are buying or selling in the market, and accordingly, you can estimate the movement of the market. Using the volume calculator, you can easily calculate how many positions you can open to achieve the required profit target.

Spreads in ETX Capital are among the best in the business with EUR/USD spreads starting as low as 0.7 pips without any other commissions.  Leverage is available up to 1:200.

ETX Capital is suitable for short-term, intra-day traders or scalpers, as well as long-term position traders who will also profit from regularly paid dividends from share CFDs.

Platforms

ETX Capital offers three different trading platforms, each with their own strengths and which are designed for different types of traders.  "Trader Pro" is a unique platform offering more than 6,000 tradable instruments, high clarity, easy to use with charts, and the option to start the platform from your web browser or smartphone.

Also offered is the facility to use the traditional Meta Trader 4 software, which is appreciated by those who want to trade with automated systems or who require fast order processing speeds.  Using MT4 slightly reduces the number of instruments that are available in the "Trader Pro" platform.

The "ETX Binary" platform is designed only for the trading of binary options.

Mobile applications

ETX Capital believes that when a trader wants to trade 24 hours a day, they should have the option to do so.  For exactly this reason, the company provides great applications for iOS and Android, giving you the option to have access to your broker from anywhere, especially in situations when you are not able to be in front of your PC and the market needs your attention. 

Accounts

Each client can choose the account that suits them, and all accounts have the same status and functionality, with no differences between them based on client’s race, religion or any other factor. There are no VIP accounts, Islamic accounts, small accounts, etc. Every account is working in the same "Market Maker" mode, with the same spreads and same availability to professional customer support, etc.

Deposits and withdrawals

Deposit of funds is done most easily by credit card, and the upper limit is only limited by your bank account limits. Alternatively, a better option is a traditional wire transfer, which is based on the Single European Payment Area (SEPA), which takes a maximum of three working days and is quite cheap.  Another option to deposit funds is over the internet using Neteller or Skrill. The minimum deposit required is €100.

Withdrawals are processed by the company within 24 hours, so the overall speed of the withdrawal depends on the other factors on the way to the client´s bank account. It is usually completed within three days.

Bonuses

ETX Capital offers a massive 40% bonus on deposits up to £5,000 pounds for all new clients on their first deposits.  The minimum deposit to earn a bonus is £200, which carries a bonus of 10%.  More interesting is a first deposit of £1,000, where the trader will receive a 25% bonus, being £250.  The biggest bonuses are on first client deposits between £5,000 and £12,500 — the available 40% bonus will range from £2,000 to £5,000.

Unlike many other brokers, ETX Capital is transparent and generous in their bonus offers.  To gain full access to the bonus, a client has to trade to the level where they generate a spread to the level of three times their bonus, and this money becomes their own.

Education

ETX Capital provides a wide range of educational tools for traders to use.  Aside from traditional webinars and many educational videos, the company provides daily market reviews by analytics and special educational courses.  ETX Capital provides educational courses for existing clients worth up to £1,000.  In 30 days, clients will be deeply familiar with the effectiveness of the market and other different trading approaches. And the best thing about it is that all this education is provided for free. 

Customer support

Because of the company’s expansion throughout the multilingual European Union, fluent customer support is now available.  The company may be contacted free by telephone and clients can also visit branches in many European countries, including the office in London.

Security

ETX Capital places a big emphasis on security of client deposits, so all client monies are held separately from company funds in secured accounts of German and British banks.  The company is also regulated by  what is probably the strictest supervisory authority in Europe, the British "Financial Conduct Authority".  The FCA frequently hands out heavy fines to all those institutions breaching the regulations — like the broker Plus500 could tell you about.

Client deposits are insured by law up to £50,000. Thanks to  the available FCA compensation scheme, the security of client funds is at a higher level than overseas and Cyprus brokers.

Summary

The company offers a great "Trader Pro" platform, offering a huge range of more than 6,000 trading instruments and professional customer support.  These are good reasons to start trading with ETX Capital.  The easiest way is to try ETX Capital in demo mode today and decide according to your own experience.

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