ETX Capital Broker Review

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ETX Capital Review: Can You Trust Them With Your Investments? We Investigate

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Last Updated on June 14, 2020

Overview

Risk Warning: Your Capital is at Risk

ETX Capital is an online market maker that provides a platform for Contracts for Difference (CFDs) trading. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. ETX Capital offers CFD trading on asset classes including forex, indices, shares and commodities. The firm also offers spread betting.

ETX Capital offers traders a choice of three trading platforms as well as mobile options. Traders can access over 6,000 markets and employ leverage of up to 1 to 100 on most products and 1 to 400 on the MT4 platform.

ETX Capital’s parent company has over 50 years’ history of offering trading products and services to the marketplace. Traders seeking a reliable, well-regulated broker that provides access to several types of derivatives products may want to investigate ETX Capital. Please remember that trading CFDs exposes traders to the possibility of losses. CFD trading is for experienced traders.

This review of ETX Capital will cover all of the important details about the broker and discuss its major advantages and disadvantages.

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History of ETX Capital

ETX Capital is a trading name of Monecor (London) Limited, a member firm of the London Stock Exchange that was established in 1965.

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ETX Capital has headquarters in London, United Kingdom. Monecor (London) Limited is authorized and regulated by the Financial Conduct Authority and has Financial Services Register number 124721.

ETX Capital offers customers dedicated 24/5 customer support in English, French, Spanish, German, Polish, Czech, Greek and Mandarin. Traders can contact customer service by phone or email. The broker does not have live chat support, which is a disadvantage. Traders can view the ETX Capital website in more than 15 languages.

Where Does ETX Capital Operate?

ETX Capital is available in the following countries:

  1. Afghanistan
  2. Albania
  3. Algeria
  4. Andorra
  5. Angola
  6. Anguilla
  7. Antigua and Barbuda
  8. Argentina
  9. Armenia
  10. Aruba
  11. Australia
  12. Austria
  13. Azerbaijan
  14. Bahamas
  15. Bahrain
  16. Bangladesh
  17. Barbados
  18. Belarus
  19. Belgium
  20. Belize
  21. Benin
  22. Bermuda
  23. Bhutan
  24. Bolivia
  25. Bosnia and Herzegovina
  26. Botswana
  27. Brazil
  28. Brunei
  29. Bulgaria
  30. Burkina Faso
  31. Burundi
  32. Cambodia
  33. Cameroon
  34. Canada
  35. Cape Verde
  36. Cayman Islands
  37. Central African Republic
  38. Chad
  39. Chile
  40. China
  41. Colombia
  42. Comoros
  43. Congo
  44. Costa Rica
  45. Cote d’Ivoire
  46. Croatia
  47. Cuba
  48. Cyprus
  49. Czech Republic
  50. Denmark
  51. Djibouti
  52. Dominica
  53. Dominican Republic
  54. Ecuador
  55. Egypt
  56. El Salvador
  57. Equatorial Guinea
  58. Eritrea
  59. Estonia
  60. Ethiopia
  61. Faroe Islands
  62. Fiji
  63. Finland
  64. France
  65. French Guiana
  66. French Polynesia
  67. Gabon
  68. Gambia
  69. Georgia
  70. Germany
  71. Ghana
  72. Gibraltar
  73. Greece
  74. Greenland
  75. Grenada
  76. Guadeloupe
  77. Guam
  78. Guatemala
  79. Guernsey
  80. Guinea
  81. Guinea-Bissau
  82. Guyana
  83. Haiti
  84. Honduras
  85. Hong Kong
  86. Hungary
  87. Iceland
  88. India
  89. Indonesia
  90. Iran
  91. Iraq
  92. Ireland
  93. Isle of Man
  94. Israel
  95. Italy
  96. Jamaica
  97. Japan
  98. Jersey
  99. Jordan
  100. Kazakhstan
  101. Kenya
  102. Kuwait
  103. Kyrgyzstan
  104. Laos
  105. Latvia
  106. Lebanon
  107. Lesotho
  108. Liberia
  109. Libya
  110. Liechtenstein
  111. Lithuania
  112. Luxembourg
  113. Macau
  114. Macedonia
  115. Madagascar
  116. Malawi
  117. Malaysia
  118. Maldives
  119. Mali
  120. Malta
  121. Marshall Islands
  122. Martinique
  123. Mauritania
  124. Mauritius
  125. Mexico
  126. Micronesia
  127. Moldova
  128. Monaco
  129. Mongolia
  130. Montenegro
  131. Montserrat
  132. Morocco
  133. Mozambique
  134. Myanmar
  135. Namibia
  136. Nauru
  137. Nepal
  138. Netherlands
  139. Netherland Antilles
  140. New Caledonia
  141. New Zealand
  142. Nicaragua
  143. Niger
  144. Nigeria
  145. Norfolk Island
  146. North Korea
  147. Northern Mariana Islands
  148. Norway
  149. Oman
  150. Pakistan
  151. Palau
  152. Palestinian Territories
  153. Panama
  154. Paraguay
  155. Peru
  156. Philippines
  157. Poland
  158. Portugal
  159. Puerto Rico
  160. Qatar
  161. Reunion
  162. Romania
  163. Russian Federation
  164. Rwanda
  165. Saint Kitts and Nevis
  166. Saint Lucia
  167. Saint Martin
  168. Saint Pierre and Miquelon
  169. Saint Vincent and the Grenadines
  170. Samoa
  171. San Marino
  172. Saudi Arabia
  173. Senegal
  174. Serbia
  175. Seychelles
  176. Sierra Leone
  177. Singapore
  178. Slovakia
  179. Slovenia
  180. Somalia
  181. South Africa
  182. South Korea
  183. Spain
  184. Sri Lanka
  185. Sudan
  186. Suriname
  187. Swaziland
  188. Sweden
  189. Switzerland
  190. Syria
  191. Taiwan
  192. Tajikistan
  193. Tanzania
  194. Thailand
  195. Togo
  196. Tonga
  197. Trinidad and Tobago
  198. Tunisia
  199. Turkey
  200. Turkmenistan
  201. Turks and Caicos Islands
  202. Tuvalu
  203. Uganda
  204. Ukraine
  205. United Arab Emirates
  206. United Kingdom
  207. Uruguay
  208. Uzbekistan
  209. Vanuatu
  210. Vatican City
  211. Venezuela
  212. Vietnam
  213. British Virgin Islands
  214. Yemen
  215. Zambia
  216. Zimbabwe

IMPORTANT: CFDs are not available in the USA due to local regulation, and this regulated CFD broker does not accept US citizens or US residents as clients.

ETX Capital is available in the following languages:

Can I Trust ETX Capital?

Yes, ETX Capital offers a safe and regulated environment for trading CFD, binary options and spread betting. Learn more at ETX.com

ETX Capital is regulated by the Financial Conduct Authority (FCA), and the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union.

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Financial Conduct Authority

The UK’s Financial Conduct Agency (FCA) regulates ETX Capital’s activities in the United Kingdom.

The FCA is widely respected as a leader in financial regulation. In addition, the United Kingdom scores highly in Transparency International’s rankings of countries based on their corruption perceptions index meaning the country is a pillar of anti-corruption. ETX Capital’s customers in the United Kingdom are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the United Kingdom if ETX Capital is unable to pay.

Who Runs ETX Capital?

Three individuals within ETX Capital are responsible for directing different aspects of the trading business:

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ETX Capital Trading Products

ETX Capital offers both CFDs and spread betting on forex, indices, shares, commodities and bonds & interest rates. Learn more at ETX.com

1) Forex

ETX Capital offers markets in majors, daily rolling cryptocurrencies, minors, Scandinavians and emerging markets:

Majors

Daily Rolling Cryptocurrencies

Minors

Scandinavian

Emerging

2) Indices

ETX Capital offers markets on both cash indices and index futures.

Cash Indices

Index Futures

3) Shares

ETX Capital offers markets in shares from several countries as well as sector and country ETFs.

Stocks

ETFs

4) Commodities

ETX Capital offers CFDs and spread betting on futures markets in energy, metals, soft commodities and daily rolling commodities.

Energy Futures

  • Brent Crude Oil
  • Natural Gas
  • Nymex Oil Futures
  • Nymex Crude Oil Daily Future

Metal Futures

Soft Commodities

  • Corn
  • Cotton
  • London Cocoa
  • Lumber
  • Orange Juice
  • Robusta Coffee
  • Soybean
  • Soybean Oil
  • US Cocoa
  • US Coffee ‘C’
  • US Sugar (No. 11)
  • Wheat

Daily Rolling Commodity

5) Bonds and Interest Rates

ETX Capital offers CFD and spread betting on bond futures and short-term interest rates.

Bond Futures

  • 10 Yr UK Gilt
  • Euro Bobl
  • Euro-Bund
  • Euro Schatz
  • French Oat
  • Long-Term BTP
  • US T Bond
  • US 2 Year
  • US 10 Year

Short-Term Interest Rate

ETX Capital Account Types

ETX Capital offers three types of live trading accounts, which essentially equate to the different platforms the broker offers. Traders can also open a demo account for each type of account:

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ETX Capital Spreads and Fees

The underlying financial instrument and the type of account determine the ETX Capital spreads that traders pay.

ETX Capital obtains the data from reputable third-party sources, which obtain the data directly from exchange feeds. ETX Capital receives its compensation through the market bid/ask spread.

Other relevant fee information:

ETX Capital charges commissions to clients on CFD equity trades, but not on spread betting equity trades.

The broker does not charge deposit fees to clients.

ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

Overnight Funding Fees

This overnight ETX Capital fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time. Traders can obtain information on overnight funding rates on the ETX Capital website.

ETX Capital charges a monthly inactivity charge for a dormant account, when funds are available. The broker considers an account dormant or inactive if there has been no other trading activity for a continuous period of 365 days or more. The inactivity fees vary by currency:

If you decide to reactivate your account by trading again, ETX Capital will refund the inactivity charge for up to three previous months where it has already been deducted.

The spreads that ETX charges customers can be confusing. Spreads vary according to several different variables such as the platform the customer chooses and the time of day the customer trades. For some products, such as forex, MT4 customers pay lower minimum and average spreads than TraderPro customers. ETX Capital also breaks out the spreads traders pay by spread betting versus CFDs.

The following are the spreads traders pay for CFD trades on the TraderPro platform, but traders can consult the ETX Capital page for spread betting spreads and CFD spreads on the MT4 platform:

Forex Majors

Daily Rolling Cryptocurrencies

Forex Minors

Forex Scandinavian

Forex Emerging

Indices and Indices Futures

Spreads are variable in some cases and in other cases vary according to the time of day the trade is placed. You can consult the ETX Capital website for specific details.

Shares

Commodities

Spreads are variable or fixed depending on the time of day the trade is placed. You can find details at the Spreads and Specifications section of the ETX Capital website.

Bond Futures and Short Term Interest Rates

Spreads are .01 for all of these instruments.

Account Requirements

When you click on the black Create Account button on the ETX Capital website, the system asks you to pick your country of origin from a drop-down menu. Before you can trade with ETX Capital for the first time, you need to answer a few questions. You enter your name, email, country of origin and phone number. You also choose your trading platform – TraderPro, MT4 or Binary – and your currency (GBP, EUR or USD).

ETX Capital then asks you questions about your financial status and trading experience.

After completing this information, traders have to complete two more steps:

  1. Provide ETX Capital with information to verify account
  2. Fund their account with a deposit

To pass their identity verification, you will need to upload one document for proof of identity and one for proof of address. You can drag and drop these documents on to the application form or upload them through your mobile device.

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Traders can deposit and withdraw funds with ETX Capital using one of several different methods:

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The minimum amount required to make a deposit starts at £100 (or currency equivalent).

ETX Capital offers leverage of 100/1 for many products, with leverage as high as 400/1 available on some MT4 products.

Each CFD also has specific ETX Capital margin requirements that traders must maintain. ETX Capital advises that it uses tiered margining, which means that it applies different margin requirements at different levels of exposure. Traders can consult the trade ticket, when they place a trade, for details.

Traders who fall below the ETX Capital margin requirements risk receiving a margin call and having their position closed prematurely.

ETX Capital Withdrawal

(Note: Please see chart above for withdrawal times and methods.) Also, see below for a more detailed explanation:

ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

ETX Capital Platform Review

ETX Capital offers traders two platforms for trading CFDs and for spread betting. The MT4 platform has a similar layout to other broker’s MT4 platforms, along with a few bells and whistles that are unique to ETX Capital.

The main screen has the familiar sections that other MT4 brokers provide. On the left, you will find the Market Watch panel with the list of trading instruments. Below the Market Watch panel is the Navigator section that gives you access to customized technical indicators, Expert Advisor tools and scripts for automated trading. In the middle and right you will find the Chart Window – the technical and charting section of the platform that opens with four charts. On the bottom of the screen, you will find the Terminal Window Panel, which contains a mailbox, an alert tab a journal tab and other features for tracking trading.

Market Watch Panel: This panel contains the live prices and symbols of popular instruments that ETX Capital offers for trading.

In addition to a tick chart, traders can pull up the depth of market for each instrument. This feature is particularly useful for traders looking to execute bigger trades in more illiquid securities.

Navigator: The navigator panel has a whole array of very advanced technical indicators that traders can overlay on to their charts. The menu of options is impressive and will appeal to technically oriented traders. ETX Capital offers dozens of standard and more advanced tools for tracking market sentiment, volumes, moving averages, stochastics and other technical indicators.

Chart Window: The four large panels in the middle of the screen comprise the charting section of the ETX Capital MT4 platform. The chart window opens with four charts, and traders can customize and configure each of these charts using the tools available through the Navigator panel (see above). Traders can also add additional charts and arrange them as they wish. This feature is great for traders that want to keep tabs on multiple instruments. You can also right-click on each chart and change the time frame of the charts, zoom in or zoom out or add additional technical indicators.

Overall, the charting features of the ETX Capital MT4 platform are excellent and would be really useful to any trader looking to follow technical indicators of multiple instruments at the same time.

Terminal Window Panel: The terminal window panel on the platform comes configured with a mailbox, a messaging tab, a journal tab and an alerts tab. These features complement the advanced charting tools.

The very advanced charting features of MT4 make it a deservedly popular platform, and the ETX Capital version of MT4 offers a huge array of tools. However, some of this functionality may be overwhelming to less technically oriented traders.

ETX Capital also offers TraderPro, which has customizable charts, advanced ticket features and an appealing design. TraderPro is intuitive and has many advanced features. Traders can click on a chart, and a ticket window pops up for trading.

The platform also allows you to build watchlists to monitor markets and a tool for calculating the value per pip of your trades.

In many ways, TraderPro rivals MT4 in functionality. Each platform has different spreads, and MT4 is better suited for traders looking to develop automated strategies, while TraderPro gives traders access to more markets and tighter spreads. If there is one weakness to both platforms it is the lack of robust news and analysis for fundamentally driven traders.

ETX Capital Demo Account

Traders can open demo accounts with ETX Capital for each of its three platforms – MT4, TraderPro and binary. Each account operates as a stand-alone from the live platform. It would be better if these were integrated into the live trading platform.

The demo account looks like the live accounts, and traders get the same functionality.

ETX Capital Education Resources

ETX Capital has an Education section on its website that offers several ways to learn about ETX Capital markets and trading. The broker offers seminars, live webinars and trader courses:

Seminars: Free seminars are taught by both their expert in-house team and an independent trader company.

Webinars: Free online webinars are both live and pre-recorded. ETX Capital offers a search engine on its site that allows traders to filter webinars by location, event type and language:

Trader Course: A comprehensive free training for ETX clients delivered by an independent company. This 8-hour program includes monthly follow-ups to discuss trading strategies.

ETX Capital Sign-Up Bonuses and Promotions

Due to the fact ETX’s head office is located in London, which is part of the European Union, it is governed by the Markets in Financial Instruments Derivative (MiFID). Implemented to create more transparency in markets and to offer more protection to traders, this prevents brokers from offering sign-up bonuses. This applies to any broker operating within the EU, so if you do come across a broker offering incentives for you to sign up, they’re either unregulated in an EU country or they’re not regulated at all and could be illegally operating.

Nevertheless, ETX Capital can offer a range of promotional offers to their existing clients. Traders who want additional information should contact their Account Relationship Manager.

ETX Capital отзывы

Обзор брокера ETX Capital

В статье “ETX Capital отзывы” мы рады представить вам довольно популярного брокера из Лондона. Далее вы узнаете о главных особенностях компании, какой у ETX Capital минимальный депозит и как происходит у ETX Capital вывод средств. Также мы проведем исследование и расскажем правда ли, что ETX Capital развод.

Торговля CFD и Forex с уважаемыми брокерами является поистине прибыльным удовольствием. ETX Capital CFD и Forex дают своим клиентам превосходную возможность заработать на более чем 50 видах валютных пар, десятках наименований сырья и индексов, а также на более сотни акций разных компаний. Брокер предлагает очень высокие доходы, а также возможность торговать как на обычной, так и на мобильной платформе, что должно понравиться многим инвесторам.

ETX Capital Forex и CFD

Как показали многочисленные ETX Capital отзывы, торговать на платформе ETX Capital достаточно сложно, учитывая разнообразие выбора активов. А если ещё взять во внимание все возможности по инвестированию, то станет ясно, что для новичков это будет не столько преимуществом, сколько негативным фактором. Трейдерам нужно будет выбирать между несколькими платформами, стилями торговли и огромным списком активом. Бонусная система тоже может показаться непривычной, так как вам придется обговаривать каждое предложение на индивидуальной основе с менеджерами компании. Все эти моменты могут показаться вам слишком сложными, но зато они погрузят вас в настоящий мир профессионального инвестирования.

ETX Capital является членом Лондонской Фондовой Биржи, поэтому у вас будет возможность пользоваться такими финансовыми инструментами, как рынок Форекс и CFD. Эту возможность предоставляют далеко не все брокеры. У ETX Capital минимальный депозит для входа на каждый из этих рынков нужно уточнять у менеджеров-консультантов компании.

Мобильность – ключевая особенность, которую предоставляет ETX Capital. Трейдеры могут торговать как с помощью любой из трех платформ для персональных компьютеров – MetaTrader 4, ETX Trader Pro или ETX Binary, так и с любого мобильного девайса, будь то Android или iOS смартфон.

Мобильная платформа предоставляет лёгкий доступ к вашим ежедневным торгам, для которых не требуется особый технический анализ. На ней отчетливо видно движение цены за нужный вам период, а благодаря лёгкой навигации, у вас не будет проблем с управлением вашими сделками. Но если вам потребуется более продвинутый подход с использованием технических индикаторов и подробных графиков, то можете обратить внимание на старый добрый MetaTrader 4, который хорошо известен трейдерам с рынка Forex.

Если вам нужны дополнительные функции во время ваших ежедневных торгов, то ETX Trader Pro была разработана как раз для того, чтобы оправдать самые большие запросы интернет трейдеров. С огромным набором аналитических инструментов, вы можете продумать каждую свою сделку, чтобы достичь максимальных результатов.

ETX Capital вывод средств

Ранее, мы уже упоминали, какой у ETX Capital минимальный депозит, теперь же давайте поговорим о том, как получить заработанные деньги. В зависимости от того, какую платформу вы выберете для торгов, у вас будут разные условия, чтобы осуществить ETX Capital вывод средств. Общим останется лишь то, что в любом случае вам нужно будет подтвердить вашу личность, дабы обезопасить и себя и брокера от мошенничества со стороны третьих лиц. Компания может отказать вам в пополнении счёта с помощью того или иного способа, в зависимости от места вашего жительства, и предложить вам альтернативные методы. ETX Capital вывод средств осуществляется тем же способом, что и внесение депозита, или с помощью банковского перевода на ваш личный счёт. Процедура занимает стандартное количество времени – 2-3 дня на подтверждение операции и 5-7 рабочих дней, чтобы выполнить сам перевод.

ETX Capital Review 2020

ETX Capital is a regulated broker based in the United Kingdom. They offer over 5,000+ trading instruments to clients from all over the globe for trading on the MetaTrader 4 and ETX TraderPro platforms. They do not offer managed accounts, social trading platforms and have limited expert market analysis.

ETX Capital Review 2020, Pros & Cons
  • Established & regulated broker
  • Cutting edge platforms suitable for all types of traders
  • Over 5,000 trading instruments
  • Multiple payment options
  • Clients from United States, Belgium, Canada, Singapore & more countries are not accepted
  • No Managed accounts & no social trading
  • Incomprehensive analysis; No in-depth analysis by experts or third party analysts
  • Limited trading tools
  • Market maker broker

In this detailed ETX Capital review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

ETX Capital is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including ETX Capital.

ETX Capital Review: Summary

ETX Capital is a UK based online brokerage that offers spread betting and CFD trading services. ETX Capital is the trading arm of Monecor Ltd; which is a financial investment firm founded in London in 1965 and it is a member of the London Stock exchange. Monecor Ltd launched ETX Capital in 2002 as TradIndex and later changed its name to the current name. The head office is located in London while other offices are spread across Europe and Asia. The broker boasts of over 55,000 clients from all over the world.

The brand offers more than 5,000 trading instruments for online trading via cutting edge platforms. The spreads are low and client orders are executed swiftly. On its proprietary platform, there are several tools available to traders for analysing the markets and also to manage trading activities.

ETX Capital has won several industry awards in honour of its brokerage services. These include the ‘Best forex Educators’ award which it won at the 2020 UK forex award. The broker also won ‘Best Spread betting platform’ award at the international financial awards in 2020.

ETX Capital Review: Brokerage Awards

ETX Capital Review: Regulation

The parent company of ETX Capital, Monecor (London) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The financial Services registration number is 124721.

Clients’ funds are kept in segregated bank accounts held with the top-rated banks in Europe. This helps to ensure that they are not used for any other purposes such as business running costs.

ETX Capital is a member of the Financial Services Compensation Scheme (FSCS). This adds an insurance security to the traders’ funds and means that if ETX Capital becomes insolvent, the FSCS can compensate eligible clients with payments up to £85,000.

‘Know Your Customer’ (KYC) verification is carried out on every client. This procedure entails uploading a ‘government issued id card’ and ‘a utility bill’. This is a regulatory requirement and it is important in order to identify every client to ensure that illegal acts like money laundering, financing terrorism, etc, are not carried out on the pretext of forex/CFD trading.

ETX Capital Review: Countries

ETX Capital does not accept clients who are residents of the United States, Belgium, Canada, Singapore, or any particular country where its services will be contrary to the local law or regulations. Some ETX Capital features and products mentioned within this ETX Capital review may not be available to traders from specific countries due to legal restrictions.

ETX Capital Review: Trading Platforms

ETX TraderPro

This is the proprietary trading platform from ETX Capital. This platform is web based which makes it convenient as it requires no downloads or installations. It is also versatile because it runs across all operating systems and comes with useful market analysis and trading tools. The ETX TraderPro also has an Android and iOS app which can be downloaded from their respective app stores. These mobile trading apps are useful for those who wish to trade whilst on the go from anywhere in the world provided that they have an internet connection. Here are some of core features of the ETX TraderPro platform:

  • Customisable workspace, layouts, windows, drag and drop charts.
  • Charts can be displayed in over 15 timeframes.
  • 8 chart styles including OHLC, Heikin-Ashi, Cloud, Plot, Area, Three line break, Line and Candlesticks.
  • Over 55 technical indicators and 14 drawing tools for detailed chart analysis.
  • Multiple order types and risk management tools.

ETX Capital Review: TraderPro Platform

MetaTrader 4 (MT4)

This is the most widely used online trading platform in the forex and CFD trading industry. There are millions of MT4 software apps, indicators, trading robots and other tools already in use. This makes it very difficult for many traders to abandon the MT4 platform, thus, most brokers provide MT4 if they desire to attract more clients. MT4 has therefore unofficially established itself as a standard among online trading brokers. The platform is loaded with important tools for thorough chart analysis and trading in addition to its intuitive interface and user friendliness. The ETX Capital MT4 platform is available as downloadable desktop applications for Windows and MAC operating systems and also available as mobile apps for Android and iOS devices. Here are some of the key features of the MT4 platform:

  • Built for speed as 94% of ETX trades are executed within 30 milliseconds.
  • Available in over 35 languages.
  • Supports the automation of strategies using software expert advisors (EAs).
  • Strategy tester to back test EAs on historical price data.
  • All the instruments’ buying and selling prices are listed in real time in the market watch window.
  • Customisable price alerts via SMS, email and popups.
  • Supports one-click trading and trading directly from the charts.
  • Charts can be displayed in 9 timeframes.
  • Around 30 inbuilt technical indicators can be added to the charts for market analysis. This number can be increased to thousands through the use of extension apps.
  • 24 analytical tools are available for technical analysis.

ETX Capital Review: MT4 Trading Platform

ETX Capital Review: Trading Tools

Market Analysis

This section of the ETX Capital website focuses on the market news, commentary and analysis. It can help to inspire trade ideas by giving a preview of the week ahead, technical round up and analysis of selected economic events. Unfortunately, this section is not frequently updated.

ETX Capital Review: Education

At least one webinar is scheduled every week on the ETX Capital website. The webinars cover a range of different trading subjects including different technical indicators, trading strategies and how specific events affect the markets.

There are 5 eBooks which can be useful to those who are new to trading online. The topics in the books cover technical indicators, different markets, trading strategies, market analysis and more. The books are short and full of illustrations. The most voluminous book is about 22 pages.

There are a total of 8 videos on ‘platform guides’. Only one video gives a walkthrough of the MT4 trading platform while the remaining 7 teaches how to use the ETX TraderPro trading platform.

The following training courses are available on the education section of the ETX capital website: CFDs, indices, forex, commodities, shares, cryptocurrencies and risk management. Each of these courses is structured with 3-4 subtopics under them. Estimated reading time, skill level and other statistics are assigned to each subtopic.

A glossary of more than 70 trading terms is provided with full definition of the terms.

ETX Capital Review: Trading Instruments

The following instruments are available for trading:

  • Over 60 FX currency pairs including major, minor & exotic crosses
  • Over 20 indices
  • Thousands of shares listed in over 20 countries
  • 4 commodities
  • 7 cryptocurrencies
  • 5 bond futures

ETX Capital Review: Trading Accounts & Fees

ETX Capital only offers two types of accounts which are based on the platform. They are as follows:

  • ETX TraderPro account: This account gives access to trade on ETX Capital’s proprietary trading platform. The average spread for the EURUSD is 0.81 pips.
  • MT4 Account: The average spread on the MT4 account is 1.01 pips for the benchmark EURUSD. This account is for traders who choose to trade on the popular MT4 platform. All strategies are allowed including scalping, hedging and automated trading using EAs.

Demo accounts are offered on both platforms. Inactivity fees of £25 are charged from accounts that have been dormant for 6 months and above. The fee is charged monthly until the account is depleted or the client begins trading again.

As broker fees can vary and change, there may be additional fees that are not listed in this ETX Capital review. It is imperative to ensure that you check and understand all of the latest information before you open an ETX Capital account for online trading.

ETX Capital Review: Customer Service

The ETX Capital customer service team works from 7:30am to 9:00, Mondays to Fridays. The team can be reached on various phone numbers and emails. On social media, ETX Capital is on Facebook, Twitter, LinkedIn and YouTube.

ETX Capital Review: Deposit & Withdrawal

ETX Capital does not accept third party deposits. All deposits must emanate from the same name on the trading account. There are no commissions on deposits and withdrawals. 5 free withdrawals are given to each client every month after which £10 is charged for further withdrawals. £10 is also charged for withdrawals less than the threshold of £100. Withdrawal requests received before 2pm are processed on the same working day. The following payment options are accepted:

  • Bank wire transfer: If the client’s bank is located in the UK, then the deposit is processed within 24 hours. Other locations take 3-7 days for the funds to reach ETX Capital bank accounts.
  • GiroPay and SOFORT: These methods of online bank transfers are accepted for deposits. The payments are processed instantly.
  • Credit and Debit cards: Deposits made by cards are processed instantly. But, card withdrawals can take up to 7 days depending on the location of the client and the card processors.
  • Online Payments: The online payment methods accepted by ETX Capital are Skrill, Neteller and China UnionPay. Deposits are processed instantly while withdrawals take up to 24 hours.

ETX Capital Review: Account Funding Methods

ETX Capital Review: Account Opening

It is very easy to create a trading account with ETX Capital. Visit the website and click on the ‘Create Account’ button located on the top right hand side of any page on the website. The form below is displayed.

ETX Capital Review: Account Registration Form

Fill in the details and click ‘continue’. Another 4-page form displays requesting more details like date of birth, address, trading knowledge assessment, etc. The last stage is the document verifications where clients are required to undergo the KYC verification. Once your documents have been verified which can take a few days, you will be able to fund your account and start trading online.

ETX Capital Review: Conclusion

ETX is a multiple award-winning online broker that offers thousands of tradable assets to its clients via flexible and sophisticated trading platforms. The brand is regulated by the stringent FCA and therefore must abide by the regulatory rules which include account segregation, digital security, client verification, etc. Regulation can help to give potential clients some peace of mind that they are using a reputable brokerage firm.

The wide array of tradable assets on the broker’s platforms is impressive at over 5,000. ETX TraderPro has won awards as an outstanding platform replete with essential trader tools. The MT4 platform is also very popular and widely accepted by professional traders across the globe.

The trader training resources provided by ETX Capital are commendable. Newcomers may find the training courses and eBooks very useful to help them improve their trading skills and knowledge. The multiple payment options are also a beneficial as they allow users from all over the globe to fund their ETX Capital trading account using a range of convenient options.

However, in the area of market news and analysis, ETX Capital is seriously lacking behind when compared to other top rated brokers. There are no in-house experts who monitor the markets and present daily insights and trading ideas. No partnerships with expert researchers and analysts like ‘Trading Central’, ‘Claws & Horns’, etc.

Trading accounts are limited with no mini/micro accounts for testing the real trading conditions. They do not have any social trading platforms which allow signal copying from other traders. There are no managed accounts for investors and money managers. Furthermore, there is also a lack of additional standalone trading tools. For these reasons, there are better options for an online trading broker worth considering.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% of retail investor accounts lose money when trading CFDs with ETX. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Min $100 Deposit

ETX Capital is a regulated UK based broker that offers 5,000+ trading instruments to clients from all over the globe for trading on the MT4 & ETX TraderPro platforms. They do not offer managed accounts, social trading & have limited expert market analysis.

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