Min. Deposit
$100
Regulators
FCA
Leverage
30:1 Retail, 200:1 Professional
EURUSD Spread
0.6 pips
US Clients
No
Platforms
MetaTrader 4, TraderPro
Founded
1965
Country
United Kingdom

ETX Capital Review

ETX Capital is another London-based trading consortium that has roots that go back some fifty odd years in the field of investment and spread betting services. Its parent company, Monecor Ltd, opened for business in 1965 and is a member of the London Stock Exchange, thereby giving it direct access to financial markets. Monecor (London) Ltd is authorized and regulated by the Financial Conduct Authority with Financial Services register number 124721. It entered the online trading arena in 2002 with the entity that is now called ETX Capital (ETX). The ETX brand is an anagram for “Exciting Trading eXperience,” one that you will certainly have after perusing their over 6,000 market trading instruments. ETX combines cutting-edge technology with competitive pricing to provide an expansive product line of currency pairs, stocks, indices, and commodities from an assortment of trading platforms devoted to spread betting (UK and Ireland only), CFD trading, and the fast-paced world of binary options.

ETX is a private corporation owned by two very large investment management firms, such that capital adequacy will never be an issue. FCA oversight and regulations also ensure that client deposits are protected by Top Tier bank segregation, additional coverage is provided by the Financial Services Compensation Scheme up to £50,000, capital adequacy is maintained daily, and order execution complies with published FCA benchmarks. The firm has a long history of growth and recently acquired 6,000 accounts from the now defunct Alpari UK operation. Your account classification is defined by your choice of trading platform, of which there are three. You may also have multiple accounts, if you wish to use each platform. ETX TraderPro is the firm’s flagship trading platform, which includes advanced charting tools and the tightest spreads. ETX MT4 provides the popular Metatrader4 series of products, including the ability to use Expert Advisors (EAs) for automated trading. ETX Binary opens you to the world of 60-second and other expiries for binary options. All three platforms are available in 15 languages and have mobile applications for “on-the-go” trading from anywhere at anytime with any device that can access the Internet.

Spreads and leverage do vary by asset choice and by platform selection. For example, on TraderPro, the EUR/USD spread can be as low as 0.7 pips. Leverage will typically average around 100:1, but on the MT4 system, it can be as high as 400:1 in some cases. If you do have any queries, the ETX customer service team has won awards for excellence, and the firm’s learning center sets a high standard for the industry. In addition to the normal fare of educational and training materials, ETX goes one step further with a plentiful schedule of interactive webinars that are scheduled daily (15 at last viewing) that cover the basics, right on through to advanced strategy topics, technical analysis, and current market commentary. The ETX management team is committed to bringing you a high level of service at competitive pricing, as its many awards attest. Unfortunately, U.S. clients are not accepted at this time.
ETX Capital is the winner of Best Online Trading Platform at the Shares Awards 2018

Features

Why trade with ETXCapital.com? The firm lists these reasons:

  • Founded in 2002 and headquarters in London;
  • Parent company, Monecor Ltd, has been in investment services since 1965 and is a member of the London Stock Exchange;
  • Regulatory compliance with the FCA;
  • Client deposits protected by segregation and by the Financial Services Compensation Scheme up to £50,000;
  • Firm offers over 6,000 tradable instruments via leveraged forex, CFDs and Binary Options in forex (over 50 pairs supported), commodities, stocks, and indices;
  • Spread Betting offered to clients in the UK and Ireland;
  • Minimum deposit is £100;
  • Single account structure for each trading platform – multiple accounts allowed;
  • Three trading platforms: ETX TraderPro, ETX MT4, and ETX Binary – each comes with mobile apps;
  • Tight spreads (EUR/USD starts at 0.7 pips; Stocks at 0.08%; Commodities at 3 pips; Major Indices start at 1 pip;
  • Leverage varies by asset choice and platform – averages 100:1, but can be as high as 400:1 in some cases;
  • Various promotional offers and bonus programs;
  • Extensive educational and support materials, including trader courses, webinars, free seminars, road shows, and online interactive training, strategy development, commentary, and analysis.

Platform

ETX’s cutting edge technology is distinguished by three independent trading platforms. The TraderPro setup was designed by traders for traders and includes customizable charts, alerts, and the lowest spreads of the three platforms. Metatrader4 enthusiasts can choose MT4 protocols for automated trading and advanced charting tools. Lastly, the ETX Binary system gives you access to fast-paced digital options with associated risk controls and simplified buy/sell arrangements. Each system is also supported by convenient mobile applications. Advanced encryption techniques protect your trading activity and personal information data from external compromise at all times.

Deposits and Withdrawals

ETX accepts banking wire transfers, online bank transfers, and major credit and debit cards for account deposits. Alternative payment methods are also supported, including Skrill, Neteller, China UnionPay, Sofort, and GiroPay. International anti-money laundering legislation also requires that personal identity information be on file and current and that any withdrawals must follow a route similar as the deposit method and to the same name as on the account.

Customer Support

ETX is global, as evidenced by its website and trading platforms availability in over a dozen languages. Customer service reps will respond quickly to any email or direct phone solicitation during market hours in London. On a comparative basis, the educational and support materials at ETX are far more comprehensive than you will find at most any other broker. The firm has an active scheduling program for interactive seminars (15 events on the calendar at this writing) on all topics, both basic and advanced, including daily commentary and analysis.

Conclusion

ETX Capital has a proven formula for success – cutting-edge technology, combined with experienced staff, competitive pricing for over 6,000 market instruments, and service excellence. It is headquartered in London and complies with the high standards enforced by the FCA that ensure client deposit safety, operating transparency, capital adequacy, and efficient execution order handling. It also follows the “all under one roof” approach by providing a product line that includes leveraged Forex, CFD and Binary trading, and financial spread betting. Industry awards also attest to the operating excellence of this firm. If you strive for an exciting trading experience, then ETX may be the one for you.

Compare with other forex brokers

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.


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