Regulatory License Number. Average Spread. Commission per Round Lot. Cost per 1 Standard Lot. Minimum Spread. Swap Long. Swap Short.

Total Trading Costs. Asset Class. Is ETX Capital legit? Founded in , ETX Capital is one of the most trustworthy brokerages operational today. It maintains two subsidiaries, one with oversight from the UK FCA and another regulated by the CySEC.

Its corporate owner, Monecor London Ltd, is also a member of the London Stock Exchange LSE , and ETX Capital has a spotless regulatory track record. Does ETX Capital allow scalping? While there are no restrictions against scalping at ETX Capital, the structure does not make it ideal for scalpers. The broker has certainly lived up to its promises of offering a reliable and trusted binary options trading platform.

ETX Capital offers all types of financial assets including currency pairs, equities, indices, commodities, precious metals, and bonds. The ETX Capital trading platform provides access to all the financial instruments, and traders can choose the different binary options and the expiry directly from the platform.

The comparitively lower amount of profitability can be attributed to the FCA regulation, which puts several restrictions on the way binary options brokers operate. ETX Capital clients can deposit and withdraw funds using credit cards, bank transfers, Skrill, Neteller, SoFort, and through other online payment processors.

All deposits except bank transfers are made instantly, while withdrawals do have a 24 hour freeze period. If a trader has signed up for a bonus, the entire funded capital will be blocked from withdrawal unless the trader completes the required number of trades, or until the trading conditions are met.

ETX Capital has a highly responsive and friendly customer channel, but do not offer a 24 hours support, unlike other Binary Options brokers. The customer service channel can be accessed through phone or email, but the lack of a 24 hours support channel or live chat is certainly a drawback in the highly competitive Binary Options marketplace. However, FCA regulation does provide assurances that all customer complaints are treated fairly and according to the prescribed guidelines, which should ensure complete peace of mind.

ETX Capital Broker Review. Traders should check the regulatory status of the company before investing. Fraud can be excluded if the company is officially regulated by an authority. ETX Capital is highly regulated by the FCA Financial Conduct Authority in the United Kingdom. This is one of the most famous regulations and licenses in the world. It includes financial safety and trustworthiness. Through this regulation, we can recommend that the broker is safe to invest with.

In Europe, the ETX Capital relishes a steady regulatory reputation, but this is not the same in the United States. Right from the time that the CFTC and NFA had demanded an update to the operational structure and regulatory direction, a high number of FX companies had closed up their FX allied brokerage system in the United States. So, the ETX Capital Company is a part of those companies that folded up its services from operating in the US.

Note that none of its services or products are transacted with the citizens of the United States. Trade more than 6, markets without commissions and professional platforms. Just as mentioned before, Monecor is the mother company of ETX Capital, listed under LSE. ETX Capital is mainly a UK-based FX brokerage.

That is why it is regulated and controlled by the FCA. The ETX Capital Company has a considerable presence in the EU region. Also, it has so many affiliates scatter across the globe in countries like Africa, Russia, and the Middle East. Thus, the CFD Broker is a trusted company that transacts deals in high-quality financial services that do not affect the confidence of its customers in any form. Generally, each online broker that is regulated by FCA always has a fair percentage of regard and accountability towards all their clients, and ETX Capital, in particular, ensures that it complies with the several terms and conditions as regards making sure that their customers are well treated and secured from any form of financial consequences.

Since the FCA regulates the ETX Capital, the Markets in Financial Directive permit the broker to function as a licensed entity in the whole of the European Union.

If a bank or a broker goes bankrupt you are very safe. ETX Capital offers trading with leveraged financial products CFDs and Spread Betting. More than 5, different markets are available. This includes forex, commodities, stocks, indices, cryptocurrencies, and more exotic assets.

The leverage is for retail clients and for professional clients because of the new regulation. When it comes to spreads the broker only offers spread-based accounts. The advantage of this is that you pay no commission on most of your trades some assets can include commissions. The spread is starting with 0. The trading costs are very competitive with other CFD Brokers. A trader can open a free demo account or a live account.

In addition, different base currencies are offered for the trading account. ETX Capital provides a very fast execution by using large and trusted liquidity providers. All in all, the company provides very good conditions for investors.

As excellent researchers, we have spent several months studying several CFD platforms. When we made test research on ETX Capital, the following was what we discovered about the platform. ETX Capital offers two types of trading platforms. There is the MetaTrader 4 and the own developed ETX Trader Pro. Both software is available for any device. You can use your computer, smartphone, or tablet.

There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools. MetaTrader 4 is one of the most popular trading software for many years. A lot of brokers offer this software to trade with. It is highly customizable and if you are able to program you can develop your own indicators or trading systems.

Also, automated trading is supported by this software. Trading is quite easy on the platform and you can open trade with only one click by the order window.

Create your own strategies and templates which you can duplicate on other charts. Analyzing is not difficult with MetaTrader 4 because you got so many options to do it. The ETX Trader Pro software is developed by ETX Capital. The Software gives you the same tools as the MetaTrader but the interface is much smoother and user-friendly. Multiple chart types, technical indicators, and drawing tools are available for analysis. In addition, you get access to dynamic risk management which helps you to control the risk of different positions very easily.

The charts can be customized by drag and drop options which is a huge advantage because you can do it very fast. Especially for beginners, you will get a better overview of the markets than in MetaTrader 4. In conclusion, the ETX Trader Pro is a little bit better than the MetaTrader 4 but does not support automated trading. It is possible to do your research and save the settings just as you want. Right there, you can select the Charts window and click on the kind of selection and style you want.

The style of a chart can be updated just as you want. If you want to make any changes, open the chart by clicking on the search bar. You can also get the chart opened in a new browser tab. There are so many indicators provided for ETX Capital charts. Select the symbol you want to remove or add and update the settings.

Click on copy and close. After this action, you should be able to see the indicator on your chart. It is either a trader who opens a Spread bet position or selects to make transactions on CFDs. Forex with ETX Capital can be carried out in two separate ways, such as a CFD or as a Spread bet.

This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open. You can keep going long or short, based on your choice. Note that for the fact that you are forecasting market volatility and the updates in prices of FX markets with either a CFD account or Spread bet account, you may decide to go long or go short, meaning you either Buy or Sell.

So depending on your chosen trade as a trader, you may either feel bearish or bullish about the longevity of the particular market. Traders are to manage their risks. The FX market is one of the largest liquid markets across the globe, with various trading activities under it. So, it is advised that when trading or placing your trade, you have to be extra careful to guide yourself from any possible losses, as well as excess market movements.

There is a broad range of risk management instruments that are made available to every trader on the ETX Capital platform. These tools are the stop losses, limit orders, and guaranteed Stops, and they are used to control the level of risk on the platform. If you are a new trader, you can begin with a small trade that fits your financial capability. Do not try to over-leverage your account by dealing with transactions that are more than your wallet. It is available on Android of v The application looks just the same as the official website with the same controls and functionalities.

All kinds of trade types and offers are the same on the mobile platform, also are the account management features and trade history.

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These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience. The availability of a demo platform does not restrict traders from enjoying a hefty bonus. Traders are to manage their risks. Demo accounts are also available in case traders wish to test out the trading platforms first before they commit any real money. Otherwise you will be prompted again when opening a new browser window or new a tab.

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