ETX Capital Review Scam or 100% Legit!

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ETX Capital review

ETX Capital

Leverage: 30:1

Regulation: FCA

Min. Deposit: 100 GBP

HQ: UK

Platforms: TraderPro, MT4

Found in: 1965

ETX Capital Licenses

  • Monecor (London) Ltd – authorized by FCA (UK) registration no. 124721
  • Our Review
  • ETX Capital review User Reviews
  • ETX Capital review News

Here is ETX Capital Review for your consideration, with all the necessary trading information and the most important question if you can trust this broker or not.

What is ETX Capital?

ETX Capital is a quite old company with history dates back to 1965, that acts as a global provider of online trading innovative technology and giving an opportunity to access up to 6000 markets, supported by the strong customer service team and enhanced opportunities through FCA regulated guidelines.

It is true that the ETX primary business is heading more to institutional traders or clients, yet as the retail trading and volume growing daily, ETX Capital expanded its offering to the global traders as well. Even though online trading offering is active for the last 15 years, it now became one of the competitive trading solutions, and what is more important reliable solutions.

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Therefore, by choosing ETX Capital as a broker you will get not only an alternative of different tradable markets, worldwide financial indices, numerous equities, 50+ Forex pairs, a considerable number of commodities, CFD products or spread betting available for UK residents only. You will also find numerous powerful features that were previously available for institutional clients only.

The ETX Capital follows the strategy of tight spreads, since as tighter spread the smaller is the distance that the market in question has to move in, so you can benefit and enjoy truly competitive pricing.

In addition, the broker undertakes to ensure that new traders are properly educated and ready to start trading. For that reason, Demo account is available for opening at any time, as well as the detailed and various levels of trading education that considered to be on a very high level comparing to its peers. And of course, you would be trading with constant customer support services that are available and responds by phone or email, or an international number for non UK traders.

Overall, for its strives and achievements, ETX Capital has gained various awards and gained international recognition, which ensures quality of ETX trading services, not only from the reputable issuers but at the traders’ community as well.

UK Forex Awards | Best Forex Trading Tools & Software

Shares Awards | Winner Best Futures Options Broker

Investment Frauds | Winner Value for money

However, you should always check carefully the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:

Is ETX Capital safe or a scam?

ETX Capital is an online trading name of Monecor (London) Limited, the firm headquartered in London and authorized by the Financial Conduct Authority, as well as the active member of the London Stock Exchange.

In fact, being an established firm under the strict rules of FCA, which actually is one of the strongest and most sharp regulators in the industry, means ETX Capital has appointed each and every rule to their procedures that ensure broker’s reliability. These set of authorized controls including the most important thing to keep customer money secure that including but not limited to daily security checks for sufficient regulatory capitals, separation of the client’s funds which are also kept in investment-grade rated UK banks, participation in schemes that covers traders in case of insolvency and many more.

ETX Capital Trading Platforms

To simplify the account opening process, ETX Capital provides its clients with one standard trading account, while the only choice goes to the platform that offers three different elaborated platforms, allowing to select the one that suits the best.

ETX Capital brings trading opportunity with access to 5,000 markets and spread betting round-the-clock with a variety of tailored price alerts through email or texts, customized chart and indicators, limits, drag and drop stops, as well educational and analysis support. The tools are available on both platforms that ETX Capital stays on and includes proprietary ETX TraderPro, a truly powerful, fully customizable software, yet with intuitive design and advanced charting. ETX TraderPro featuring flexible graphs options and is a platform with the highest grade professional tools, bringing highly interactive trading with a chance to embrace significant risk in the ambition of significant returns.

Likewise, you still have a choice to use an industry leading MetaTrader4 that is famous for its charting package, selection of automating capabilities or ability to bring own EA’s to automate orders. MT4 is a global platform with around worlds presence, highest implemented security and execution offers, that gained highest rankings and it is smart enough from ETX Capital to propose both platforms to your convenience.

Moreover, ETX Capital offers all of its platforms in mobile format, meaning that you can access your TraderPro platform on your Apple or Android phone or tablet. Nowadays, most traders executing positions wherever they are, that’s why ETX trading allows you to move around freely while you trade.

ETX Capital fees

As for the ETX’s spreads tariffs, since the broker has access to the institutional greed of pricing, the ETX Capital trading fees are built into the spread. As you can see below, the ETX spread is a very competitive offering among the market, as Forex spreads start at 0.7 pips for EUR/USD, Equities – 0.08 indicative spreads for some stocks, Commodities– minimum spreads starting from 3 pips, Indices– minimum spreads starting from 1 pip for certain major indices.

“Typical” spreads for noted pairs represent the median and are tracked during a specified time frame, however, Spreads may vary based on market conditions, including volatility, available liquidity, and other factors, for most recent quotes check official ETX Capital website or platform.

Asset/ Pair ETX Capital Spread
EUR/USD 0.6
Crude Oil WTI 0.03
Gold 0.4

ETX Capital Spread

While the ETX Capital trading fees, which are built into the ETX Capital spread, considered to be on a very competitive level among the market offering. Check out and compare ETX Capital fees to IC Markets.

ETX Capital leverage

ETX Capital tries to offer a potentially appropriate opportunity to their traders since increased leverage may also increase trading risk. Hence, ETX Capital leverage rates are set to a 100:1 for most of the products and 200:1 on some MT4 products. Although you should always note that potentially favorable opportunity of trading leverage should be used smartly on various products in order not to face not predicted loses. In addition, the recent European regulatory updates lead by ESMA, with a purpose to protect clients from negative impact, mandated to decrease leverage to a maximum of 30:1 on Forex instruments and even lower for other assets.

ETX Capital Deposits and Withdrawals

ETX Capital offers a range of popular ways to deposit money into the trading account that allows you to choose among major Credit and Debit Cards except for AMEX, Wire Transfers, Online Bank Transfers, as well several forms of e-payment UnionPay, Skrill, Sofort, giropay and Neteller.

ETX Capital minimum deposit

A very pleasant addition is that the ETX does not charge fees for making deposits, while the minimum deposit amount set to a £100 or the currency equivalent.

ETX Capital withdrawal fee

For withdrawals, ETX Capital also applied competitive proposal, as supplies each trading account by five withdrawals over USD 100 within each month without a processing fee or withdrawal fee. Further on, in case you wish to withdraw more funds than it will incur a charge of 25$ per transaction.

Conclusion on ETX Capital

In short ETX Capital has everything to prove the reliability and excellent reputation. Years of experience and long operation history of the ETX Capital parent company still keeps a broker at a strong position among institutional providers as well as maintain competitive offering to the traders.

Nevertheless the broker work with vast institutional clients, the retail traders will find ETX Capital expanded approaches too. Among the ETX Capital benefits, we have to admit their platform solutions, as well comprehensive and well-built educational system with a range of free materials available to traders of a different experience. Therefore, ETX Capital is an ideal solution for a beginning trader or seasoned ones to enjoy and use powerful trading features. Overall, ETX Capital’s proposals feature a convenient way to trade and cooperate, hence the firm definitely has to be considered while choosing the broker for you to start trading or by the next trading step.

Yet, it will be good to know your personal opinion about ETX Capital, which you may share in the comment area below.

ETXCapital.co.uk (.com) Review Visit site

Broker Details

Minimum Trade Size: 0.0001
Maximum Leverage: 300:1
Minimum to Open Live: $100
Established: 2002
Address: 1 Broadgate Circle, London , EC2M 2QS, United Kingdom
Contact: [email protected], +44 (0) 20 7392 1494
Regional offices:
Regulators: CySEC #096/08, FCA #124721
Prohibited countries:

Yes

Yes

Trading platforms: MT4, SaxoTraderPRO
Web Trading:
Mobile Trading:
Currencies: (55+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Other Precious Metals, Stocks, Bonds, Oil, Other Commodities

Yes

Scalping:
Deposit Methods: VISA, MasterCard, Maestro, Neteller, Skrill, UnionPay
Withdrawal Methods: VISA, MasterCard, Maestro, Neteller, Skrill, UnionPay

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Beware of ETX Capital

I have deposited 1000 Euro and have 13641.93 Euro
generated. But ETX Capital embezzled the money. They call it Trade Adjustment.
I call that FRAUD.

Mar 19, 2020 – 1 Star ETX clears my profits: they call it Trade Adjustment —> ETX Capital is SCAM

Date: 09 March 2020
Time: 15:38:11 GMT
MT4 Account Login: 218489
Order no. : 12637341
Comment : Trade Adjustment
Amount : EUR 13641.93
Current Balance : EUR 1515.83
Current Equity : EUR 1515.83
Support Email : [email protected]
Best Regards
ETX Capital

The Mail from ETX:
Dear Mr X,

It is noted that you made a total profit of 13,000 EUR on 09 March 2020 on the DAX. However, having looked at each trade, it was discovered that the profit made on the trades was as a result of gaming which is considered improper behaviour under our Terms and Conditions.

Consequently, the total profit made on these trades is deemed void and therefore have been deducted off your trading account.

ETX Capital Review

ETX Capital Review: We continue our legacy of providing up to date information regarding binary options trading and binary options broker and of course the binary option robots In our continued journey, today we are going to review ETX Capital and its offerings.

The review will focus on the organization, the parent company, the kind of platform it provides to their traders, the financial aspect of the broking house including deposit and withdrawal process, and the customer support service amongst other facets. The detailed review of all these facets has been enlisted hereunder.

ETX Capital Review

The experience of the parent company has been utilized to provide a user friendly platform of binary options trading by the ETX Capital which is powered by the well-known SpotOption platform. The SpotOption provides freedom to the developers, to provide an intuitive and user-friendly platform for trading. The platform provides binary options like high or low, one touch binary options, long term binary options and short term binary options amongst others. The website provides a safe, secure, and convenient layout to the traders.

The official site of the company is artistically laid to attract the aspirants. The website uses black, white and cashmere colors to catch the attention of the visitors. The intuitive website layout and years of experience of the parent company makes it one of the chosen brokers in the binary trading arena. The platform is easy to use and provides the data feed in a real-time. The ETX Capital offers over 100 assets to choose from, including stocks, forex pairs, commodities, and indices. The long list of choices will allow any type of trader to select his or her favorite assets for the trading.

The platform offers long term and short term assets to attract various kinds of traders. The types of binary options range from a very short term to more than a day expirations. The high/low binary option allows a trader to take a call on the direction of the asset, and the broker trades on whether the asset’s price will increase or decrease.

The broker also offers one touch option, which allows the trader to predict whether the asset will cross the predetermined price level or not. The predetermined levels are set at the equidistant from the current price, and hence trader will choose a “call” if he or she thinks that the price will close above the higher level or choose a “put” if he or she thinks that the price will close below the lower level, at the expiry. The company also offers various expiries ranging from 60 seconds to 24 hours to meet trader’s requirements.

The prominent feature of the site is, that it allows the traders to close any open position before the expiry of the option, of course, at a lower profit or loss. The company allows traders to engage socially through “trader’s choice”, which shows the top performing trader and their trades, so one can duplicate those trades to be on winning streak. The company also offers the android and IOS powered mobile application for their customers, which allows trading on the go.

The trading platform also offers same services in the demo account, which is opened with a virtual currency of $10,000. We highly recommend our readers to utilize the facility before commencing the trading with the real money. The disheartening feature on the site is limited learning options on the site, as many of its competitors offer in-depth knowledge sessions and tutorials for their clients, although it offers webinars, seminars, and trading course to their registered customers. The platform also provides daily market reviews for all their customers, to understand the current market scenario and assess the trend.

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