ETX Binary Review

ETX Binary

* Ranked #27 of 97 in DailyForex's top broker list

Info

Name : ETX Binary
Website : etxcapital.com
Established : 2002
Country : United Kingdom
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Demo Account
  • Support in Many Languages

Disadvantages

  • No Choice of Accounts
  • Missing Information

ETX Binary Review

ETX Binary Review

ETX Binary is a binary option platform offered through ETX Capital, a trading name of Monecor (London) Limited, which is considered one of the best brokerage houses in the industry. Since 2002, it was primarily a Forex dealing desk but has now branched off into binary option trading as well. It is one of the few binary option brokers with FCA regulation. It is also fully EU regulated and certified by JFSA Japan.

Accounts

There isn’t much information about the accounts offered by ETX Binary.

Under the Terms and Conditions section, I was able to find some additional information. The first thing I found when doing this review was that a trader must open an account with ETX Capital before being able to trade binary options with ETX Binary and receive a welcome bonus.

The minimum deposit to an ETX Binary account is $250.

Features

ETX Capital was established in 1965. It is authorized and regulated by the Financial Conduct Authority and is a member firm of the London Stock Exchange. Client’s funds are kept strictly separated from company money in investment grade rated UK banks, and daily checks are performed to ensure the firm has a sufficient level of regulatory funds.

ETX Binary Features
ETX Binary Features

When it comes to social trading, ETX Binary Traders can also track the Trader Choice to see the movements of other ETX traders and get the feeling in which direction the market is swaying.

Education

There is a host of educational tools available at ETX Binary including several videos, training courses and seminars. There are also several live webinars offered each month. Market commentary and real time news reports are provided daily.

Deposits/Withdrawals

Depositing and withdrawing funds is straightforward, but there were not many options. ETX Binary supports MasterCard and Visa and bank transfer and at the time of this review they were arranging to include MoneyBookers/ Skrill for faster withdrawing. Skrill was available for deposits.

Customer Support

Customer support is available by phone to UK numbers and email. Nothing was mentioned about Chat service but because ETX Capital does offer Chat, I assume that ETX Binary does as well. Support itself is available in English, Italian, German, French, Spanish, Danish, Chinese, Russian.

They also operate a support site which provides answers to traders’ most frequently asked questions. The email used to post questions or concerns is the ETX Capital one.

I had some difficulty during this review of ETX with finding responses to some of my questions and was somewhat surprised to find the information listed as Q & A when I clicked on the ‘Support’ tab. And even there, some of my questions were not answered. It took me a while to uncover if there was a minimum deposit on their binary option accounts. In fact, there is scant information about the different binary accounts. There is also an ‘ask us’ tab which takes you to an online form for any additional queries and comments.

Conclusion

ETX Binary is the dynamic binary options trading platform on offer from ETX Capital, a London based financial brokerage with over a decade of experience in the industry. All in all, I found the ETX Binary platform to be informative and fun to navigate. For those who wish to trade on just up and down (call and put) and not specific prices ETX Binary is ideal. Users have the chance to take a position on a variety of different products, including Forex Pairs, Indices, Equities and Commodities.

Advantages

  • Demo Account
  • Support in Many Languages

Disadvantages

  • No Choice of Accounts
  • Missing Information

Review info: ETX Binary
Review Date:
Rating : 4
Reviewed By :