ETX Capital is a UK based global provider of financial services. It offerings include Forex, CFDs, Spread Betting and Binary Options.
It’s parent company Monecur (London) Limited (company reg 00851820) has a long history of providing trading solutions for financial clients since 1965.
Through the trading name ETX Capital it provides a comprehensive solution for traders. It offers high bonuses and segregated money accounts. It is also fully regulated by the Financial Conduct Authority (FCA).
One level of account is available to all traders. This therefore provides access to the entire range of services offered by the broker.
Accounts can opened easily in just a matter of minutes and can be operated in three major currencies: GBP, EUR and USD.
The ETX Capital demo account is also available. This is funded with virtual capital should you want to try out the services of the broker prior to live trading.
Of chief interest is the availability of the MetaTrader 4 platform. This that allows you to make use of custom trading indicators and Expert Advisors. This is one of the most popular trading platforms in the world. While easy to use it offers a range of advanced trading features which cover the needs of most traders.
In addition to Metatrader (ETX MT4) this broker offers two other trading platforms. These are ETX Trader Pro platform and ETX Binary. The Trader Pro platform offers a user friendly web based solution that has a range of useful features including fully customisable charts and inbuilt trailing stop orders.
ETX Binary offers a binary based options platform. This is suitable for speculating on ‘up’ or ‘down’ binary movements in markets.
Deposits and Withdrawals
Getting money into and out of your trading account is always a key consideration when choosing a Forex broker. Here you will not be disappointed. There are a large number of funding options available across more than 17 different currencies.
Money can be credited by debit or credit card and bank wire transfer payments. No fee is requested for deposits or withdrawals except for amounts less than 50 GBP or the equivalent in your currency.
Withdrawals are serviced quickly on receipt of instruction. Typically they will take 3-5 working days. Funds are debited back to the orignal deposit source.
As is the case with many brokers these days you can expect to find a large number of educational resources to help with your trading.
The most noteworthy offering here is the professional trading seminars. These are geared to traders of all levels of knowledge and ability. They cover both basics concepts such as introducing Spread Betting as well as more advanced trading techniques used in technical analysis.
Another benefit of these seminars is that they are provided online. Traders can join in live webinars or catch up on pre-recorded videos at your own pace. Free market commentary and real-time newswires are also available to registered clients.
A good level of support is provided for trading clients. Importantly it is also available 24 hours per day throughout the trading week (Mon-Fri).
The website features a wide range of help guides. There is also a good frequently asked questions section which is available in over 20 different languages.
If you have a query then you can contact the broker via telephone, email or online chat. Language support is limited to English but you can be assured of a relatively fast and efficient response.
ETX Capital Verdict
ETX is an established, well thought of London based broker. They offer a good range of features for both new and experienced traders and industry leading trading conditions.
In a market where the security of client funds is paramount, traders can take comfort in the fact that they are both well captialised and also FCA regulated. They easily weathered the Swiss Franc fiasco, taking over the client base of the less fortunate Alpari UK operation following it’s collapse.
This broker has a good track record and a wide range of industry awards therefore making them a good home for your trading capital.
|Spreads||EUR/USD from 0.7 pips|
|Assets||Currencies, Stocks, Indices, Commodities, CFD’s, Binary Options|
|Customer Services Languages||English, French, Spanish, German, Polish, Czech, Greek and Mandarin|
|Telephone||0800 138 4582
+44 (0) 20 7392 1400
|Min Deposit||£100 (or equivalent)|
|Deposit Currencies||GBP, USD, EUR, ZAR, SGD, SEK, RON, PLN, NOK, JPY, HRK, HKD, DKK, CZK, CHF, CAD, AUD|
|Deposit/ Withdrawal Methods||Wire/Bank Transfer, Online Bank Transfer, credit and debit cards|
|Withdrawal Times||2-3 working days|
|Processing Charges||5 free withdrawals per month|