ETXCapital - Broker Review

ETX Capital is a regulated broker from United Kingdom which specializes in providing services to trade with a wide variety of financial instruments, including Forex, Contracts for Difference (CFD), Binary Options and Financial Spread Betting. In this sense, this broker offers a lot of products from a wide variety of markets for its customers.

ETX Capital is a Market Maker broker and is associated with and related to many major companies, including large banks (Royal Bank of Scotland Group PLC and Commerzbank AG), primary brokers (Morgan Stanley, Credit Agricole and Bank of America Merrill Lynch) and auditors like Deloitte.

Type of broker

ETX Capital is a Market Maker broker.

Regulation

The company Monecor Ltd, the owner of this broker, has a license and is fully regulated by the FCA (Financial Conduct Authority) of UK. The registration number is 124721

Country of origin

The headquarters of this broker are located in London, England.

Trading Instruments

As noted earlier ETX Capital offers a wide variety of trading products to its customers which belong to different markets. The following is the list of instruments offered by this broker:
  • Forex: 52 currency pairs in the spot Forex market, including the most important as the EUR/USD, GBP/USD, USD/JPY and USD/CHF, and other more exotic and less known like the USD/ZAR and EUR/DKK among others.
  • Precious Metals: Gold, silver, palladium and platinum in the spot market and through CFD. In this case, the trader can speculate with these precious metals against the US dollar (XAU/USD, XAG/USD, XPD/USD and XPT/USD.
  • Contracts For Difference: CFD based on the following assets and financial products:
    • Various stock market indexes such as the S&P 500, CAC 40, NASDAQ 100, FTSE 100 and Nikkei 225 among others.
    • Currency pairs in the Forex market, including the most important as the EUR/USD and GBP/USD and other more exotic.
    • Stocks: Hundreds of shares in a variety of markets worldwide, including companies such as Google, Apple, 3M, BP, Exxon, AIG and many others.
    • Commodities: More than 50 commodities of various types (Spot and Futures), such as precious metals, grains (wheat, rice), energy commodities (petroleum, gasoline), cocoa, coffee, cotton and others.
    • Exchange Traded Fund (ETF): 77 ETF of different markets which cover a variety of economic sectors, including commodities, telecommunications, emerging markets, technology and others.
    • Interest Rates and Bonds: 17 key interest rates and Treasury bonds worldwide, including US T Bond and US 10 Year Bond (United States) and the Euribor and Euro Bund (Europe).
  • Financial Spread Betting: ETX Capital clients can make spread betting transactions based on hundreds of products and assets traded in financial markets, including stock indices, equities, Forex, commodities, ETFs, bonds and interest rates.
  • Binary options: Long term and short term binary options contracts (High/Low and One Touch options) based on a wide variety of markets including Forex, commodities, indices and stocks, all of which are available on the trading platform.

Trading Accounts

This broker offers its customers one type of trading account which includes all services developed by the company, such as access to all the different trading instruments (markets) of ETX Capital, several trading platforms (including applications for mobile devices), market analysis and trading tools and educational options for the trader and others. However, depending on the trading platform selected during the opening of the account, the trader has access to various trading products and trading conditions as shown below:
  • Trading account with TraderPro Platform: Through this account and platform, the trader has the ability to trade with a wide range of financial products including Forex, precious metals, CFD and Financial Spread Betting. In this case, the trader can make transactions with CFD and Spread Betting based on hundreds of products and assets in a variety of markets with highly competitive spreads.
  • Trading account with MT4 Platform: This account is based on the Metatrader 4 platform, which specializes in transactions with Forex, precious metals (gold and silver) and CFD. Through this account the trader can trade currency pairs (Forex Spot), precious metals, CFD (based on Forex, commodities and indices) and spread betting (Forex and commodities).
  • Trading account with ETX Binary Platform: This account and platform is specialized in binary options trading. The client of this broker has the possibility to trade with various types of options based on multiple financial instruments (underlying assets) of different markets through a web based trading platform.

Demo Accounts

It offers a demo account without time limit

Trading Platforms

ETX Capital offers a variety of trading platforms to its customers which have different features which are described below:
  • TraderPro Platform: It is the main trading platform of the broker ETXCapital. It is a downloadable application that provides access to a variety of markets and trading products including Forex, precious metals, CFD and financial spread betting. In this case, the platform offers hundreds of different products to trade in the markets from currency pairs to ETF. It is characterized by a variety of features such as a complete and customizable interface (the trader can modify the workstation to suit their needs by opening, closing and moving sections and tools) and the ability to trade from the charts and with one click (1 click trading). In addition, the trader has the ability to implement alerts and guaranteed stops (a tool that protects the equity of the trader when the markets are moving against) and to use market analysis tools, including advanced price charts.
  • Metatrader 4: It is one of the most popular and complete platforms to trade in the Forex market and with CFD. It is a downloadable application that is characterized by its multiple trading functions including updated market prices, updated market news, advanced price charts with multiple time frames (from 1 minute to 1 month), dozens of indicators and other technical analysis tools incorporated and more. It also offers one click trading and access to an application specialized in technical analysis called MT4 Autochartist (through which the trader can apply advanced technical analysis tools). Metatrader 4 offers the ability to create, evaluate and implement automated trading systems known as Expert Advisors (able to trade 24 hours a day) based on all kinds of trading strategies. Another interesting advantage of MT4 is that it enables to copy automatically the transactions of other traders (mirror trading) using this platform and belonging to the community of Metatrader (including expert traders).
  • ETX Binary: This a web-based trading platform designed specifically for binary options trading. Through this application, the client can trade with High/Low and One Touch contracts (short term and long term options) based in multiple assets of different markets. ETX Binary offers different trading features such as updated quotes, price charts with multiple time frames, some indicators and position management tools.
  • Platforms for mobile devices: ETX Capital offers several applications created to access the account and trade the markets from various mobile devices such as smartphones and tablets. These applications are based on the trading platforms TraderPro, Metatrader 4 and ETX Binary and offer multiple trading tools such as price quotes and charts.

Payment Options

The client can make deposits and withdrawals by Bank Wire and credit cards (the main credit cards).
Deposits can be made in dollars, euros and pounds sterling.

Main Advantages of ETXCapital

  • It is a broker specialized in Forex, CFD and Spread Betting which is duly regulated and licensed by the FCA in the UK. Thanks to this it offers a higher level of security to its customers.
  • ETXCapital offers a wide variety of trading instruments from multiple financial markets, which gives the trader multiple options to trade and make profits.
  • Regularly, ETX Capital offers its customers various promotions, including bonuses for traders who open a trading account and deposit funds.
  • Low and variables spreads in all trading instruments.
  • Several trading platforms which offer rapid execution of transactions.
  • Daily and weekly market analysis carried out by experts of the company.
  • ETX Capital offers several options of automated trading for its customers, including the use of automated trading systems (Expert Advisors) through the Metatrader 4 platform and the ability to copy in real time and automatically the transactions of other trader using this application .
  • Market news updates.
  • Access to an application specialized in technical analysis called Autorchartist, which allows to make full graphical analysis and find new market opportunities.
  • ETX Capital has several education resources on the markets and trading in general, such as:
    • Video tutorials.
    • Free webinars.
    • Free seminars.
    • Courses for advanced traders.
    • A complete glossary of financial markets.
  • Different platforms designed to access the account and trade the market from mobile devices like smartphones or tablets.
  • This broker has an affiliate program called ETX Partners which offers the possibility of earning money by promoting the services of ETX Capital.

Main Offers of ETXCapital

The current promotions of this broker are the following:
  • A welcome bonus up to $5000 for new clients that open a trading account and deposit funds.

Other Categories of this broker

  • Gold Broker.
  • Silver Broker.
  • CFD Broker.
  • Binary options Broker.
  • Metatrader 4 Broker.
  • Spread betting Broker.
 
Company Monecor Limited
Minimum account size No minimum deposit to open an account.
Minimum lot size (Forex) 0.01 lot.
Maximum Leverage 1:400
Spreads Extremely low spreads from 0.7 pips for the major pairs like EUR/USD.
Link to the website ETXCapital Website
Open an account
 
 

ETXCapital is a regulated broker from UK which specializes in providing services to trade with a wide variety of financial instruments, including Forex, CFD, Binary Options and Spread Betting.

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