ETX Capital Review

ETX Capital
up to $10,000 on first deposit
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Overview

ETX Capital company information ETX Capital is a forex broker owned by Moncecor Ltd which is regulated by the FCA in the United Kingdom. ETX Capital offers spread betting, CFDs… more

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1.6/5

Details

Broker ETX Capital
Website URL www.etxcapital.com
Founded 2002
Headquarters London
Support Number phone: +44 (0) 20 7392 1434 fax: +44 (0) 20 7392 1414
Support Types phone, fax, live chat, email: [email protected]
Languages English, Italian, Spanish, German, Russian, French, Danish, Greek, Dutch, Arabic, Polish, Chinese, Czech, Hungarian
Trading Platform Currenex, MetaTrader 4
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount $1
Maximum Trade Amount $1
Bonus up to $10,000 on first deposit
Payout within 3 business days
Leverage up to 400:1
Spread from 0.7 pips
Free Demo Account Open Demo
Regulated Yes
Regulation Regulated and licensed by FCA
Commissions Yes
Commission Info No hidden commissions or fees
Account Types demo account, ECN/STP, Mini Account, Institutional account, VIP account, Segregated account,
Deposit Methods Bank Wire Transfer , Credit Card , Credit Card deposit by phone , Debit Card , Moneybookers
Withdrawal Methods Bank Wire Transfer , Credit Card , Credit Card deposit by phone , Debit Card , Moneybookers
Trading Methods Scalping, hedging, trailing stops, guaranteed stop loss, guaranteed limit orders, guaranteed fills, one-click execution, OCO orders
Number of Assets 1000+
Types of Assets spot forex, equities, commodities, stocks, ETFs, indices, bonds and interest rates
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8

Full Review

ETX Capital company information

ETX Capital is a forex broker owned by Moncecor Ltd which is regulated by the FCA in the United Kingdom. ETX Capital offers spread betting, CFDs and forex trading. ETX Capital already exists since the 70s just like IG Index and is one of the oldest, most reputable brokers world wide.

ETX Capital trading platforms

ETX Capital has two trading platforms at the moment: ETX Capital Proprietary Platform and ETX MetaTrader 4 (MT4). The ‘regular’ ETX Capital Proprietary Platform is a web based trading platform for which no download is required and the ETX MetaTrader 4 speaks for itself, it’s a MetaTrader platform run by ETX Capital. The ETX Capital Proprietary platform includes a trading watch list, guaranteed stops and many more trading features whilst the MT4 platform offers traders what they expect from MetaTrader; comprehensive, fully customizable interface with dynamic charting, availability to write scripts, connect Expert Advisors etc.

ETX Capital assets

Forex traders can trade any different financial assets on ETX Capital including spot forex, equities, commodities, stocks, ETFs, indices, bonds and interest rates.

ETX Capital spreads and commissions

ETX Capital can charge traders in two different ways. Either fixed spreads or floating spreads, either way no hidden fees or commissions are charged. Spreads on major forex pairs are low and competitive being between 0.7 and 0.9 pips each.

ETX Capital customer support

ETX Capital customer support is available in at least 8 languages including Chinese, English, Danish, French, German, Greek, Italian and Spanish and is available by email, fax, phone and live chat.

ETX Capital reliability

ETX Capital is licensed by the Financial Conduct Authority (FCA) and traders are automatically participating in a government sanctioned compensation scheme (Financial Services Compensation Scheme) which covers up to 50,000 pounds in the rare case ETX Capital will default or go in to liquidation.

ETX Capital review conclusion

ETX Capital has been around for quite some years and that has several reasons. Not only being licensed by FCA so that traders funds are covered but also excellent customer support and no known scam history are all three signs of a reliable trustworthy broker. With it’s low spreads and advanced trading tools definitely a good broker for both new and experienced traders. Also ETX Capital offers more assets than other brokers as thy offer bonds and interest rates to be traded on. All this being said I rate ETX Capital an 8/10 which could have been higher if the broker accepted traders from the United States and if their website wasn’t so packed with information and a bit more user friendly.

✓ Minimum deposit only $100

✓ Low competitive spreads from 0.7 pips

✓ Up to 400:1 leverage

✓ Bonds and Interest Rates available for trading

✓ Many types of trading accounts

✓ High welcome bonus up to $10,000 on first deposit

 

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Pros

  • Minimum deposit only $100
  • Low competitive spreads from 0.7 pips
  • Up to 400:1 leverage
  • Bonds and Interest Rates available for trading
  • Many types of trading accounts
  • High welcome bonus up to $10,000 on first deposit

Reviews

  • User experience:

    3
  • Platform:

    3.33
  • Reliability:

    2.67
  • Customer Service:

    3
  • Payouts:

    2.67
curly braces curly braces
1.6
(3 Reviews)
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Pros: 1

Nadelen: 1

5
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1

I got ripped off by this scam broker recently, I had to hire a refund professional to recover my funds. Its sad that brokers all over keep burning traders.

Pros: nothing

Nadelen: everything

2
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1
2
1
curly braces
1.8

Most of these broker cant be trusted I was ripped off by them getting a withdrawal was a hassle after many failed attempts. I had to hire a refund solution firm to get a refund.

Pros: customer results

Nadelen: withdrawal process is really slow

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2
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2

User experience

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Platform

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Reliability

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Customer Service

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Payouts

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Overall Rating

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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