ETX Capital broker review
ETX Capital is a leading online Forex, CFD, and binary option broker based in London. ETX Capital was founded in 2002 and has been an enormously popular broker for 14 years, especially among English, French and Dutch traders…
|Founded in the year||2002|
|Main office based in||One Broadgate, London, UK|
|Contact possibilities||Email: firstname.lastname@example.org, phone, live chat, fax|
English, Italiano, Norsk, Magyar, Deutsch, Español, Français, Dansk, 中文, čeština, ελληνικά, slovenščina
|Trading platform||MT4, Web Trader, MarketsPulse|
|Minimum first deposit||€100|
|Minimum amount traded||€1|
|Maximum amount traded||No maximum|
|Welcome bonus||€20 free starting capital|
|Pay out information||Within 3 working days|
|Spread||From 0.7 pips|
|Demo account||Click to open a Demo account|
|Regulated by||ETX Capital is regulated by the Financial Conduct Authority (FCA)|
|Extra fees information||There are no hidden fees|
|Available accounts||Trader account, TraderPro account, Demo account, Binary account, MT4|
|Methods of deposit||Bank transfer, Visa, MasterCard, Paypal, GiroPay, Neteller, Skrill, Sofort, China UnionPay|
|Methods of withdrawal||Bank transfer, Visa, MasterCard, Paypal, GiroPay, Neteller, Skrill, Sofort, China UnionPay|
|Number of tradable Assets||1000+|
|Types of tradable assets||Forex, CFD’s, shares, commodities, ETFs, indices, binary, Spread betting|
|US traders allowed|
|Trading on smartphone|
|Trading on tablet|
Complete ETX Capital Review
ETX Capital is a leading online Forex, CFD, and binary option broker based in London. ETX Capital was founded in 2002 and has been an enormously popular broker for 14 years among English, French and Dutch traders. ETX Capital is regulated by the Financial Conduct Authority in the UK and the company is listed on the London Stock Exchange.
ETX Capital is considered a very reputable and professional broker. In March 2015 however, another British broker, Alpari, went bankrupt due to the lack of temporary stop losses when the Swiss Franc rose 20% in value in one day. ETX Capital was all too happy to take over their entire customer base.
ETX Capital took extra initiative by dedicating a special customer service department to former Alpari clients to help them switch their portfolio to ETX Capital as smoothly as possible. ETX Capital also tried to adapt the trading platform slightly so that it looked more like the trading platform Alpari.
ETX Capital trading platforms
In total, ETX Capital offers three different trading platforms. ETX Trader Pro, ETX MT4, and ETX Binary.
ETX Trader Pro
Designed for experienced investors the ETX Trader Pro trading platform allows traders to trade the financial markets with a large number of features and tools. An example of the benefits of ETX Trader Pro is the comprehensive integrated charting package. With this feature, traders can choose from a range of chart types and sizes and customize them to their own needs. For traders at ETX Capital it is also possible to trade directly from the chart with a single click of the mouse.
The most popular trading platform in the world, MetaTrader, can be used at ETX Capital to connect Expert Advisors (EAs). The ETX MT4 trading platform by itself has already many built-in indicators, advanced graph features and free trading education material available.
In addition to the well-known trading platforms of ETX Capital there is also ETX Binary trading, the platform to trade binary options. Traders can choose from a wide range of financial instruments such as currency pairs (Forex), commodities, market indices and stocks to buy binary options through the trading platform.
All ETX Capital trading platforms are supported on Smartphone and tablet and have several downloadable apps available in the respective app stores.
ETX Capital account types
ETX Capital only has one single, standard trading account. Traders have to make a minimum first deposit of at least $ 100 to open a live account. There is however also a demo account available where traders can try out the ETX Capital trading platforms without putting real money at stake.
ETX Capital Bonus
ETX Capital gives a free starting capital bonus of 20 Euros to every new trader who opens an account at ETX Capital. It is therefore possible to try out the trading platforms of ETX Capital with this free € 20 without having to make a first deposit. Besides, ETX Capital offers a 100% welcome bonus up to $ 3,750 which doubles your initial deposit to a maximum of $ 3,750.
ETX Capital costs and commissions
The spreads or acquisition costs of financial products at ETX Capital are highly competitive and are starting as low as 0.7 pips or points on popular currency pairs like EUR / USD. On CFDs the spreads begin as low as 0.5 pips or points, which is much lower than many other CFD brokers. Trading directly in underlying assets is also very cheap at ETX Capital; spreads start from 0.08% on equities. Commodities have spreads that start from 0.025 pips and indexes have a minimum spread of just 1 point.
ETX Capital Customer Service
ETX Capital’s customer service is available from Monday to Friday between 6:30 and 20:00 GMT. The customer service is available in many languages and is always open for questions and ready to help. If you have any questions about the ETX Capital platform or about trading with ETX Capital you can always contact them by phone, live chat or email.
ETX Capital Benefits
- Low, competitive spreads
- Incredibly good trading platform
- Smartphone and tablet trading opportunities
- Regulated and licensed broker
- Wide range of tradable assets
- Free 20 Euro starting capital bonus
ETX Capital downsides
- Live chat often is not available
- Only one single trading account available
- No local telephone numbers for international customers
- The layout of the website is sometimes confusing
ETX Capital review conclusion
A broker that has been operating for over 14 years, ETX Capital is certainly a broker that puts integrity and reliability at front. In most cases, ETX Capital will guarantee that their traders enjoy the highest quality service. Because ETX Capital is licensed and regulated by the UK Financial Conduct Authority and not by CySEC they are under stricter supervision and your funds will be safer with this broker. ETX Capital is a serious and professional broker and switching to this broker might not be such a bad idea at all. At the moment, all traders can open an account at ETX Capital and get 20 Euro free starting capital.
- Huge amount of trading possibilities
- Highly professional and reputable broker
- Large education sector with free webinars