ETX Capital, founded in 2002 and domiciled in the UK, is authorized and regulated by the Financial Conduct Authority. It is a member firm of the London Stock Exchange and offers multi-asset and multi-market derivatives through CFDs and spread betting products to individuals and institutions based in Europe and other locations.
There is only one standard account at ETX Capital. There is a minimum deposit of $100 and there is no maximum trade. The payout can go as high as 85%.
ETX Capital offers tight spreads on a range of different products: With Forex, spreads start at 0.7 pips for EUR/USD. Equities offer 0.08% indicative spreads for some stocks and minimum spreads for Commodities start at 3 pips. For certain major Indices, the minimum spreads start from 1 pip.
In addition, ETX Capital offers leverage rates at 1:00 for many products and as high as 400:1 on some MT4 products for all non-EU citizens. EU citizens will be offered leverage in accordange with ESMA guidelines, as follows:
ETX Capital has 2 types of trading platforms, the proprietary TraderPro and the popular MetaTrader 4 (MT4). All the platforms are available on iPhone, iPad and Android devices. Traders can choose to from a variety of different trading assets. The website is user-friendly and can be viewed in close to 20 different languages. ETX Capital boasts competitive commission rates and offers both variable and fixed spreads.
There is a range of CFD Trading opportunities including indices from all over the world such Wall Street, the UK 100, France 40, Germany 30, Hong Kong 40 and Japan 225 as well as the Australia 200, Switzerland Market Index, Greece 20 and Poland 20.
ETX Capital has a large selection of commodity CFDs to trade, including metals such as Gold, Silver, Palladium, Platinum and Copper; energy such as Brent Crude, Heating Oil, Natural Gas, Nymex Crude and RBOB Gasoline; soft commodities including Corn, Cotton, Oats, Orange Juice, Coffee, Soybeans, Cocoa, Sugar and Wheat; equities from 18 different European countries, as well as the US, Australia, South Africa and Singapore and FX in more than 50 different currency pairs.
Spread betting is big at ETX Capital and a video with a complete explanation on spread betting can be accessed on a totally unique spread betting page.
I was glad to see when doing this ETX Capital review that a demo account is offered to traders wishing to practice their trades before putting their money at risk. The demo account can be set up using the, ETX TraderPro or ETX MT4 platforms.
Educating their clients to become better traders is very important at ETX Capital and since its establishment, the company’s growth has been driven by its unrivalled educational focus. Their seminars are geared to traders of all knowledge levels, from those who are new to spread betting, traders who want to know more about technical analysis, those who wish to know about specific markets and more.
Free seminars are provided by both their expert in-house team and an independent trader company to ensure all education needs are met. And for those traders who want to learn more about spread betting but can’t make it to their seminars, ETX Capital also offers completely free online webinars, both live and pre-recorded.
Their eight hour training program includes a monthly mentoring session which allows ETX Capital clients to discuss current and future trading strategies. This course is offered to ETX Capital clients free of charge. Videos providing detailed information accompany many of the topics presented on the website.
The ETX Capital News Center has a full lineup of features to offer its clients, including live daily market bites, market commentary and morning briefs, where their market strategists discuss the latest market news and provide a run-down on what to expect in trading quarters for the day. ETX Capital news updates are also available on Facebook and Twitter.
Deposits and withdrawals are done in the usual manners—credit cards, Paypal, and bank transfers.
The ETX Capital website is available in over 20 different languages.
Clients can access customer support by telephone 24/7. There are separate numbers for new accounts and for those who already have an account with ETX Capital.
Customer support is also available via email and Chat.and telephone.
ETX Capital has been recognized by the industry for providing quality services In 2018, the broker was nominated for having the “Best Trading Platform” by 2018 Online Personal Wealth Awards and “Best Spread Betting Platform” by 2018 ADVFN Financial Awards. ETX also won “Best Education” award at the 2018 Online Personal Wealth Awards.
ETX Capital is an online broker with reliability and integrity. The team does everything it must to ensure that its clients receive the highest possible level of service in a safe and regulated trading environment. Their long track record and the many awards that they had earned along the way are proof of their high standards and responsibility.
Review info: ETX Capital
Review Date: 2018-07-31
Rating : 4
Reviewed By : Sara Patterson (Google+)