ETX Capital: Review, Analysis and Complete Guide
For those looking for a broker to trade on the Forex market, ETX Capital offers a number of very interesting services. It is a broker that has many tools for traders of all levels and really low spreads.
ETX Capital belongs to the London company Monecor LTD with more than fifty years of experience in the market. It is a completely reliable and secure broker, regulated by the British FCA with its respective Financial Services registration number 124721.
In addition, it has won many international awards during 2018 and 2019 for the technological development of its trading platforms. Users’ opinions also recommend the webinar training that ETX Capital provides for investing in Forex.
Below, you will find everything you need to know to trade on the Forex market. This broker is completely safe to invest in commodities, energy, indices, stocks, and cryptosystems such as Bitcoin, Ethereum and Ripple.
ETX Capital pros and cons
- The ETX Trader Pro platform has a pip calculator.
- It is possible to open an account without a minimum deposit.
- Website available in twenty languages.
- Offers free webinars for traders of all levels.
- More than 5,000 assets available.
- No webtrader is available.
- The demo account is only available in MT4 and not in ETX Trader Pro.
ETX Capital Financial Products
ETX Capital allows trading in markets around the world. You can carry out Forex trading in 60 currency pairs. Spreads on the EUR/USD pair start from 0.6 pips.
By trading CFDs through ETX Capital, you will have access to over 5,000 markets. This broker will provide you with the best analysis tools, through advanced technical indicators and explanatory charts, so that you can obtain the best trading results.
Stocks and financial products
- Forex: Through ETX Capital you can trade the Forex market from 0.6 pips on the EUR/USD pair. Another spread to consider is that of the GBP/USD pair from 0.9 pips.
This broker of British origin allows its clients to trade Forex with 60 currency pairs, including the strongest to the most exotic ones. In addition, through the ETX Capital platforms you will be able to carry out operations immediately.
- Indexes: in ETX Capital broker you can trade more than 20 indexes across Europe, Asia, UK and USA. All the latest news and updates on index trading will be sent to the email associated with your account.
- Stocks: For CFD and stock trading, ETX Capital allows you to speculate on thousands of stocks in over 20 countries. You will be able to invest in multinationals such as Apple, Alphabet and Facebook from spreads starting at 0.1%.
- Bonds: Among the bonds that appear in CFDs, the most important are those offered by the German, British and American governments. The instruments are: BUND.TR/EUR, UKGILT.TR/GBP and USTBOND.TR/USD.
- Commodities: If you want to trade commodities, you will find a wide range of possibilities. You can trade gold, silver, oil, cotton, coffee and sugar.
Through ETX Capital you can trade crypto-currency CFDs, including the most popular: Bitcoin, Ethereum, Ripple and Litecoin. You can open a demo account to experience trading with bitcoins in a secure way.
In order to trade in cryptosystems such as Bitcoin, Ethereum, Litecoin and Ripple, you do not need to have an account with an exchange house. This way, you can get more benefits by trading directly from the platforms offered by ETC Capital.
Another advantage of operating with cryptomonies, whether Bitcoin, Ripple, Litecoin or Ethereum, is that the profits obtained are free from Stamp Duty. In addition, it will give you all the news about trading in cryptomonies, both in bitcoin and the rest.
ETX Capital’s broker for trading Forex and crypto currencies such as Bitcoin and Ethereum offers two account types. The difference between one account and the other lies in the platform you choose to use.
- ETX Trader Pro account: this account is designed for clients who choose to use ETX Capital’s own platform. The ETX Trader Pro account requires an initial deposit of 750 EUR. This is an account that is intended for experienced traders.
- Meta Trader 4 account: through this account you can perform Forex trading operations with the classic and traditional MT4 platform. This is the most popular trading platform. You can choose between a demo and a live account, which does not require a minimum deposit.
How to Open an ETX Capital Account
If you wish to trade Forex and cryptomonies such as Bitcoin and Ripple through the broker ETX Capital, you will need to create an account. You will only have to complete the following steps, but it is a simple, fast and secure process.
This British broker allows its clients to choose between a live account and a demo account. For both accounts it will be essential that you meet certain requirements in order to verify your identity. The objective of corroborating your identity is to keep the broker safe.
Below you will find the steps to follow to create an account, either to start trading for real, or through a demo account. Users’ opinions agree that this is a short registration that is worth doing.
Requirements and verification
While the identity check process is short, user feedback recommends taking a few minutes to do it properly. It is necessary to provide your basic data such as name and surname, place of residence and e-mail.
In turn, ETX Capital will ask you for a copy of your identity card. You may also show a copy of your passport or driving license to verify your identity. It is also important that you indicate your level of experience in trading and the Forex market.
Once the identity verification process has been completed, ETX Capital will inform you how to make your first deposit. As soon as you make your first transfer, you will be able to start trading in the Forex market.
Online CFD trading, buying and selling currencies on Forex, as well as investing in cryptosystems such as Bitcoin and Ethereum, carry a great deal of risk. In fact, 76% of retail investors lose more money than they earn.
For this reason, all experienced traders agree that it is best to start with a demo account. This is the safest way to take your first steps into the world of trading and the Forex market.
Opening a demo account in ETX Capital is completely free. You will be supported by the MT4 platform, which is the most popular among traders worldwide. Once you understand how CFDs work, you can start trading real money in a safe and smart way.
ETX Capital is a broker that allows access to trading in more than 20 countries. However, the possibility of trading with this broker will depend on the legislation of the country in which you reside. It is the responsibility of each user to know the trading regulations of their country.
ETX Capital does not allow Forex trading or trading of crypto currencies such as Bitcoins or Litecoins to US residents. Otherwise, you can check with customer service of the same broker to verify that you can trade safely.
How to Use ETX Capital
In order to be able to carry out trading and currency operations on Forex, this British broker will allow you to use two platforms. In fact, the two accounts offered by ETX Capital are based on the platform you prefer to use.
This broker has developed his own ETX Trader Pro platform, which has been awarded several times. It is always an advantage when a broker designs his specific platform, because this fact translates into possibilities to customize all your trading operations to that broker.
If you have created a demo account, it is probably easier to continue with the MT4 platform, as the format is very similar. This platform is the most popular among traders worldwide, although you won’t have all the tools that ETX Trader Pro offers.
You can choose between two platforms to trade from your PC. Whether you choose ETX Trader Pro, or MT4, you will need to install both. This British broker does not allow web-based trading.
The opinions of more experienced traders recommend installing ETX Trader Pro. Through this platform you will have access to invest in more than 5000 instruments. In addition, you will have a wide variety of charts, advanced tools, and built-in functions.
On the other hand, you can opt for the classic MT4 platform. You can use the platform through a live account, just like a demo account. ETX Capital is a leading broker among MT4 providers worldwide.
The platforms offered by this British broker are compatible with both Windows and Mac. As soon as you choose which one to install, you can proceed to download them through the ETX Capital page by following the instructions.
Today it is very important for anyone involved in CFD and Forex trading to have the necessary tools at their fingertips. ETX Capital is a broker that knows its clients’ needs in depth, and that is why it has developed the apps for your smartphone.
With the ETX TraderPro application you can be notified of all price movements on the trades you have invested. You will have tracking lists and the best interactive charts. You can download the application from both Android and iOS.
The MT4 platform also has its application for smartphones. You can download it through the App Store and Google Play. You can keep track of all your trades in real time and access Finobacci and Elliot tools to make predictions about market fluctuations.
Research and Visualization Tools
ETX Capital is a broker that has been awarded several times for the analysis tools it provides to its clients. With this broker you will be able to access various charts to analyze the situation of each market in which you have invested money.
Graphics and visualization tools for trading and the Forex market are essential for safe investing. With ETX Capital you will have eight different chart types: candlestick, OHLC, area and Heikin-Ashi, among the most popular.
It also offers the possibility of training to those who open an account with this broker. Although through trading in CFDs, Forex, and crypto currencies such as Bitcoin and Ripple, it is possible to earn a lot of money, the chances of losing it are even greater.
For this reason, ETX Capital offers seminars through its website. Once you have created your account, you will be able to access seminars where you will learn how to trade in the Forex market, what are the factors that you should take into account to invest your money safely.
ETX Capital Deposits, Withdrawals, Fees and Limits
Deposit Methods and Minimum Deposit
ETX Capital offers different deposit methods for trading through your broker. You can make bank transfers, deposit through credit and debit cards (Visa and Mastercard) and also use digital purses such as Neteller and Skrill.
An important fact to note is that ETX Capital does not accept deposits in the names of third parties. This is one of the broker’s fundamental conditions for keeping transactions safe. You will only be able to make transfers through accounts in your own name.
On the other hand, ETX Capital allows the option to trade Forex without making a minimum deposit. However, you should make sure that the payment method you choose does not require a minimum deposit to make the transfer either.
When you decide to withdraw your money from your ETX Capital account, the refund will be made to the same account you used to deposit. For security reasons, it is likely that you will be asked to provide certain personal information in order to verify your identity.
Fees and Commissions
All of the profits that ETX Capital makes are through the spreads on the CFDs that its traders trade. That is, you will not be charged any monthly or annual fees for trading on Forex. In addition, it has the lowest spreads in the market, starting at 0.6 pips.
However, you can charge a downtime fee. If your account remains idle for 182 days you will be charged a fee. This fee consists of 25 GBP, or its equivalent in case you trade with another currency.
It also charges a fee for each withdrawal. If the withdrawal is less than 100 GBP, the set fee is 10 GBP per processing. If the withdrawal is over 100 GBP, you have up to five free withdrawals per month.
ETX Capital has no deposit or withdrawal limits. It is a broker that does not require a minimum deposit to start trading and Forex. However, to withdraw large amounts, there may be some restrictions depending on the liquidity at the time.
Is ETX Capital Safe?
Although it has been operating as a broker for 18 years, ETX Capital belongs to the London company Monecor LTD, founded in 1965. This means that it is a financial expert group that has been operating in the market for more than half a century.
ETX Capital is the leading broker for all UK CFD and Forex trading transactions. Regulated by the FCA and authorized by the ESMA to operate in the European market, it is an absolutely reliable and secure broker.
As part of the UK’s Monecor company, ETX Capital is regulated by the FCA under the financial registration number 124721. As it is regulated by the FCA, it meets the requirements for operating in the European Union, as it complies with ESMA rulings.
As ETX Capital is regulated by the FCA, in the event of bankruptcy or any inconvenience external to a bad investment, the broker has a compensation scheme. This scheme works in such a way that your money is insured for 85,000 GBP.
Traders’ feedback ensures that ETX Capital has a very good quality support team. You can contact the ETX Capital team via e-mail, phone call, as well as use the live chat on the site.
Customer service for complaints is from 9:00 am to 8:00 pm by telephone. You will also find a section on the website with many answers to frequently asked questions. This section is available in more than fifteen languages.
On the other hand, ETX Capital is a broker whose imperative is to encourage people to trade and forex. For this reason, it has a lot of informative material and useful tools such as webinars, courses, tutorials and market analysis by experts.
ETX Capital’s opinions
Traders’ opinions are always a very relevant factor to take into account. These are people who have already used the services we want to hire, and therefore their experience can be very useful to give us a general idea.
Sandra H. commented on ETX Capital: “I’ve been looking for a place to invest in Bitcoin for some time now. I thought it was something for professionals, but thanks to ETX Capital I have been encouraged to do so. The professionalism of the team and their good disposition are excellent“.
Alex A. left testimony of his experience as follows: “ETX Capital has allowed me to enter the Forex world. Because they do not require a minimum deposit to trade, I have been able to start investing my money little by little. I highly recommend it.”
Nicolai T. also gave his opinion: “I have been using ETX Capital for some years now to carry out my trading operations. The times I have lost money have been by making mistakes, but I must admit that the broker has always provided me with the best information. I will continue to invest through ETX Capital.”
ETX Capital Alternatives and Competitors
After reading this far, you will have seen that ETX Capital has all the necessary characteristics to be one of the best brokers in the world. However, there may be a broker that better suits your specific needs. Here is a list of more options:
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After the above, it is clear that ETX Capital is a solid and reliable broker for investing money in trading and Forex. With more than 15 years of experience, ETX Capital is one of the most consolidated brokers in the market for all the tools it has.
The platform designed specifically for trading with this broker, ETX Trader Pro, offers traders the best graphics and customization possibilities. It also features MT4, the most popular platform among traders worldwide.
There is no doubt that ETX Capital is a serious broker for trading and forex. Regulated by the FCA, it guarantees GBP 85,000 as insurance for each client. In addition, it offers its traders the latest information to invest intelligently in energy, bitcoins and commodities.
In addition to all the services and information available to its clients, ETX Capital does not require a minimum deposit to start trading and operating in Forex. This is a clear statement of market inclusion to inexperienced retailers.
Although ETX Capital does not offer web-based trading and only offers one trading account per client, it is an absolutely recommended broker. All users agree that it is a broker worth investing in.
ETX Capital technical and characteristic sheet
|Main Features||ETX Capital|
|Country of regulation||20|
|Time to open an account||1 day|
|Number of currencies supported||3|
|Withdrawal fee amount||$0|
|Inactivity fee charged||1|
|Trading fees class||Promedio|
|Deposit with credit/debit card?|
|Depositing with electronic wallet?|
|Demo account provided?|
|Easy-to-use trading platform?|
Frequently Asked Questions about ETX Capital:
This is a British broker that is part of the London-based company Monecor. ETX Capital is a broker that will allow you to accumulate a lot of money through CFD trading and leverage in the Forex market, as long as you understand the market movements.
ETX Capital works through the ETX Trader Pro and MT4 platforms. Both platforms can be used both from the desktop and through smartphone applications. They are also compatible with Windows and Mac, and Android and iOS.
The way to sell on ETX Capital is through its platforms. You will be able to sell your assets whenever you feel it is appropriate through ETX Trader Pro, or MT4, depending on where you have your account. It is important that you have acquired enough knowledge to decide for yourself.
To make money in ETX Capital the first thing you have to do is create a live account and make a deposit. Then, you can invest your money in trading CFDs, commodities, Forex, crypto currencies such as Bitcoin and Ethereum, and energy.
This is an absolutely safe broker. In fact, for any inconvenience or misappropriation of funds that is independent of the account owner’s irresponsible behaviour, ETX Capital covers up to 85,000 GBP for each client.
ETX Capital is regulated by the Financial Conduct Authority (FCA) of the United Kingdom. Its financial registration number is 124721. In addition, by complying with ESMA regulations, it can operate in the European Union.
From now on, you already have the basic knowledge to trade and operate in the Forex market, as well as trade with bitcoins. You will find reviews and useful information to keep up with the latest trading news on the official website.
You can also find reviews of the best brokers for trading. If you have found this information useful, welcome to the world of trading and the Forex market!