Top Options
85%/ 100
Type of Broker: Forex, CFD, Spread Betting, Binary Options
Payout: 80% (binary options)
Min Deposit: $500
Min Trade Amount: $25
US Clients:
Free Demo Account:
Max Trade Amount: Unlimited
Leverage: 1:100
Fees:
Fees: N/A
Number of Assets: >100
Types of assets: Stocks, Spread Bet Assets, Indices, Forex, Commodities
Option Types: Call/Put
Expiry Times: 15 minutes, 1 hour, 2 hours, End of Day
Charting Package:
Trading Signals:
Market Analysis:
Education: Yes

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Full Review

We review one of the ETX Capital, one of the UK’s most prestigious trading platforms. Find out more below.

Introduction

ETX Capital was founded in the UK in 2002 and offer financial trading services in CFDs. The platform offers traders access to the financial markets through the provision of a state-of-the-art trading system and a full range of educational facilities. The company allows traders access to about 6,000 markets. Also, it allows traders access to an extensive asset list including indices, forex, equities, and commodities. ETX Capital has its headquarter in London. The firm acquired the now non-existent forex broker, Alpari.

Regulation

ETX Capital is governed by the UK’s Financial Conduct Authority (FCA). ETX Capital is also a fellow of the London Stock Exchange. The company’s registration number is 124721.

Is ETX Capital Scam or Legit?

One of the most important things that traders try to know about a trading platform before choosing it is whether the software solution is reliable. As such, we wish to state that ETX Capital is a legitimate system. We came to this conclusion because:

  • ETX Capital is a tightly regulated by the FCA. This makes it reliable and better able to adhere to business practices meant to safeguard clients’ funds.
  • ETX Capital provides traders with benefits such as deposit compensations, where a trader is compensated if the company violates an agreement entered into with the customer or when the business becomes insolvent. Also, as they are a rule-based company, ETX Capital provides traders with dispute settlement options that often result in a fair, just, and reasonable resolutions of conflicts.
  • ETX Capital’s parent company, Monecor (London) Ltd has a history that dates back as far as 1965. Throughout its history, Monecor Ltd was considered as transparent and has always been an attractive choice for clients. If anything, history shows that ETX Capital is consistent with the framework laid down by the parent company.

ETX Capital Legit Trading Software

ETX Capital offers traders three different types of trading platforms. They include:

  • ETX Trader Pro. This feature comes with a broad range of functions that help improve the trader’s chances of achieving success in the markets. One such example is the extensive integrated charting package which lets users select from a list of chart formats and allows them to exhibit the formats in different time frames. Traders can also conduct trades directly from the charts with the single click of the mouse.
  • ETX Binary. This platform allows traders to participate in binary options trading. Using it, traders can choose from a vast pool of financial instruments such as commodities, currency pairs, stocks, and indices.
  • ETX MetaTrader 4. The MT4 is undoubtedly one of the most widely used trading platforms today. ETX Capital allows traders access to this well-accepted system to enable them to automate their trading activities. Trades on the MT4 platform are automated using Expert Advisors (EAs). The platform has numerous built-in indicators and excellent charting capability. Also, it offers free trading courses and robust security.

All platforms work well on mobile devices such as Android and iOS based devices.

ETX Capital App’s Special Trading Tools

ETX Capital has many tools and resources that help enhance trading experience among traders on the platform. Some of the tools that have helped make this broker a go-to one for most people include:

  • Advanced charting tools. ETX Capital makes it a lot easier for traders to evaluate activities in the market so that they can establish events or patterns that can indicate future market activity. Once traders master this useful tool, they can make informed decisions in the market.
  • Educational tools and resources. ETX Capital provides useful educational tools that enable traders to learn the rudiments of trading at their own pace.
  • Social trading tools. ETX Capital provides its clients with community-based tools to furnish them with the information required for smarter investment and trading decision making.

Asset List

Currently, ETX Capital customers can trade using an extensive list of assets. The following are some of the assets the company offers:

  • ETX Capital has a reputation for allowing traders to buy and sell major and exotic currency pairs such as AUD/USD, GBP/USD, EUR/USD, EUR/JPY, EUR/GBP, among others.
  • ETX Capital allows trading equities such as Amazon, Barclays, Vodafone, Bank of America, Netflix, Rio Tinto, Microsoft, Tesco, Telefonica, and much more.
  • ETX Capital offers its clients commodities like gold, silver, Brent crude, NYMEX crude, as well as Platinum.
  • This list includes UK 100, Euro stocks, France 40, SP 500, Hong Kong 40, Wall Street, and Japan 225, among others.

Transaction Methods

ETX Capital traders have the freedom to select from a broad range of transaction methods. These methods include:

  • Wire Transfer. Traders can wire money directly via a local bank. This method supports various currencies and is pretty straightforward.
  • Online bank transfer. With this method, you can send money online. The method is stress-free and very convenient.
  • Credit/Debit cards. ETX Capital lets traders fund their accounts and make withdrawals using cards like VISA and MasterCard.
  • E-Wallets. ETX Capital supports digital wallets. As such, you can make payments or withdrawal via Neteller, Skrill, or PayPal.

Customer Support

ETX Capital provides email and phone support to their clients. The support team is available from 7:30 AM to 9 PM (UK Time), Monday to Friday. UK based customers can call free phone number 0800 138 4582, while non-UK customers can reach support on +44 0 20 7392 1486. Those who prefer sending an email can do so via [email protected]

Conclusion: ETX Capital is Legit

ETX Capital is an entirely reliable broker with lots of credibility in the industry. The platform does all it can to ensure that clients get the highest level of service possible at no extra cost. Their track record and achievements have helped them set a standard for years to come.

ETX Capital also offers their clients the chance to profit from free educational trading lessons. Traders can take advantage of the available educational information provided to learn how to carry out extensive performance analysis of trades and analyze market statistics.